Tag - restructuring

 
 

RESTRUCTURING

Japan Times
BUSINESS / Companies / FOCUS
Nov 9, 2018
How investing in American LNG boom backfired on Toshiba
Buy high, sell low and guarantee a loss. It's not exactly what Toshiba Corp. planned when it dipped its toes in liquefied natural gas trading.
Japan Times
BUSINESS / Companies
Nov 8, 2018
In new five-year plan, Toshiba to cut thousands of jobs, withdraw from British nuclear plant and U.S. LNG businesses
The technology conglomerate plans to cut about 7,000 jobs globally, Chairman and CEO Nobuaki Kurumatani said at a news conference in Tokyo.
Japan Times
BUSINESS / Companies
Sep 3, 2018
China's HNA Group slims down after asset sales but debt concerns remain
Though HNA Group Co. has managed to reduce one of China's biggest debt piles by selling off dozens of assets, the embattled Chinese conglomerate will probably need to get much slimmer before regaining the trust of investors.
Japan Times
BUSINESS / Companies
Aug 3, 2018
Sharp plans to halt domestic production of major appliances
Sharp Corp. plans to pull out from domestic production of major appliances and shift to overseas manufacturing as part of streamlining efforts under Taiwanese parent Hon Hai Precision Industry Co., a source said Friday.
Japan Times
JAPAN / EXPLAINER
Feb 12, 2018
Japan's staff-heavy banks downsize and turn to technology for survival
These are tough times for banks.
Japan Times
BUSINESS / Companies
Dec 4, 2017
Tepco may halve domestic branches in bid to streamline business operations
Tepco, still struggling to recover from the 2011 Fukushima nuclear crisis, may shutter half of its 45 branches to streamline business operations.
Japan Times
BUSINESS / Companies
Nov 22, 2017
Cash-strapped Toshiba bids farewell to Times Square and 'Sazae-san'
Toshiba Corp. will remove its corporate logo from its prominent position atop the One Times Square building overlooking New York's iconic tourist hub as part of cost-cutting efforts, sources said Wednesday.
Japan Times
BUSINESS
Nov 6, 2017
Japan's regional banks, facing demographic challenges, turn to deal-making for revenue
The grim outlook for smaller regional banks, who are suffering as the rural population shrinks rapidly, is prompting some to dive into a new, potentially lucrative line of business that until now was largely taboo: mergers and acquisitions.
BUSINESS / Companies
Nov 2, 2017
Nomura expected to shut London proprietary trading unit and lose four top managers: sources
Having struggled recently to make money from overseas trading, Nomura Holdings Inc. will shut a loss-making proprietary unit in London and four of the group's top managers may leave, according to people with knowledge of the matter.
BUSINESS / Companies
Apr 24, 2017
Embattled Toshiba planning to spin off four key operations
Toshiba Corp. said Monday it will spin off four key operations, including its infrastructure systems, to keep its shaky financial standing from affecting its healthy businesses.
Japan Times
BUSINESS / Companies
Apr 11, 2017
Toshiba submits unaudited results, raises questions about ability to survive as a company
Embattled Toshiba Corp. said Tuesday its grave financial situation puts it at risk of not being able to survive as a company.
Japan Times
BUSINESS / Companies / FOCUS
Mar 31, 2017
Toshiba's U.S. unit bankruptcy dims Japan's nuclear ambitions
The bankruptcy filing by Toshiba Corp.'s U.S. nuclear unit highlights the tough business climate in the sector and the scale of the challenge Japan faces in seeking to sell its nuclear technology abroad.
Japan Times
BUSINESS / Companies
Mar 23, 2017
Toshiba says Westinghouse board to decide on bankruptcy
Toshiba Corp. said the board of its nuclear unit Westinghouse will decide whether to file for bankruptcy, suggesting that is one option under consideration as it struggles with billions of dollars in liabilities from cost overruns on nuclear construction projects.
Japan Times
JAPAN / NATIONAL SPOTLIGHT
Mar 19, 2017
Toshiba turnaround hopes, planned sale of Westinghouse find skeptics
Toshiba Corp. has been forced to sell off a number of its businesses as it continues to lose money since its accounting scandal broke in 2015, and is now burdened with its troubled U.S. nuclear unit Westinghouse Electric Co.
BUSINESS / Companies
Feb 21, 2017
Toshiba seeking at least ¥1 trillion from chip unit sale
Toshiba Corp. is looking to raise at least ¥1 trillion ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a source familiar with the matter.
Japan Times
BUSINESS / Companies / FOCUS
Feb 17, 2017
Toshiba memory-chip unit is alluring target but not an easy sell
Toshiba Corp., seeking to make up for a huge write-down in its nuclear-equipment unit, finally took the drastic step of putting its crown jewel — its chip business — up for sale. Finding a buyer might prove to be even more difficult.
Japan Times
BUSINESS / Companies
Dec 9, 2016
Troubled Takata to exit posh Roppongi digs, move HQ to cheaper waterfront redevelopment district
Takata Corp. will move its head office from a posh building in an upscale Tokyo district to a redeveloped area to cut costs, as the troubled air-bag maker fights to survive the biggest recall in the auto industry's history.
BUSINESS / Companies
May 24, 2016
Sharp to keep solar panel business under Taiwan's Hon Hai
Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan's Hon Hai Precision Industry Co., according to an in-house document.
BUSINESS / Companies
May 13, 2016
Sharp's 'subpar' performance prompts Hon Hai to warn of job cuts but vow to reward dedicated ranks
Terry Gou warns his newly acquired employees of job cuts while promising to reward those who commit to rebuilding.
BUSINESS / Companies
Mar 29, 2016
Sharp to report net loss of ¥200 billion for fiscal 2015: sources
Sharp Corp. is expected to report a net loss of around ¥200 billion for the fiscal year ending Thursday amid a slump in its mainstay liquid crystal display business, sources close to the matter said Tuesday.

Longform

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