Business / Corporate Jan 21, 2020
Yoshiaki Murakami fund launches ¥25.9 billion hostile bid for Toshiba Machine
City Index Eleventh Co. said it will offer ¥3,456 per Toshiba Machine share to buy up to 43.82 percent of the molding machine company.
Business / Financial Markets Jan 20, 2020
Toshiba Machine Co.'s share price soared Monday after the company said Japan's best-known activist investor, Yoshiaki Murakami, plans a tender offer. The stock jumped as much as 19 percent, to ¥3,700, in Tokyo for the biggest intraday gain since October 2008. Toshiba Machine said late ...
Business / Corporate Jan 18, 2020
Japan activist investor Yoshiaki Murakami makes surprise bid to disrupt Toshiba deal
by Reed Stevenson and Gearoid Reidy
Japan’s best-known activist investor announces a tender offer for Toshiba Machine Co., which is embroiled in a controversial takeover battle for NuFlare Technology Inc.
Business / Corporate Jan 18, 2020
Toshiba CEO Nobuaki Kurumatani to be given additional title of president in April
by Ayai Tomisawa and Yuki Furukawa
Toshiba Corp. Chief Executive Officer Nobuaki Kurumatani will add the title of president effective April, part of a revamp among top management aimed at speeding up decision-making. Satoshi Tsunakawa, the current president who was promoted in 2016 following an accounting scandal, will resign and become ...
Business / Tech Jan 17, 2020
Toshiba touts PC algorithm that's faster than a supercomputer
by Pavel Alpeyev, Grace Huang and Shoko Oda
It's a tantalizing prospect for traders whose success often hinges on microseconds: a desktop PC algorithm that crunches market data faster than today's most advanced supercomputers. Toshiba Corp. says it has the technology to make such rapid-fire calculations a reality — not quite quantum computing, ...
Business / Corporate Dec 20, 2019
Toshiba digs in heels after Hoya's unsolicited bid for technology unit
Just days after Hoya Corp. made a hostile takeover bid for one of Toshiba Corp.'s publicly traded units — an extremely rare move in Japan — the industrial giant is responding with equally unusual bluntness. "Basically, I'm not selling," Toshiba Chief Executive Officer and Chairman ...
Business Dec 16, 2019
Shareholder activism rises in Japan as firms go hostile and investors speak out
by Min Jeong Lee
Record shareholder activism is combining with rare hostile takeover bids in Japan, in a trend that's seen as good news for investors in the country's ¥675 trillion stock market. Activists such as Elliott Management Corp. have been snapping up shares in targeted firms and agitating ...
Business / Corporate Dec 13, 2019
Japan's Hoya to launch $1.4 billion counterbid for Toshiba unit NuFlare
Hoya Corp. said Friday it would make a $1.4 billion counterbid for NuFlare Technology Inc. in what could become a hostile offer for the Toshiba Corp. unit the electronics conglomerate plans to buy out. Hoya's interest in the manufacturer of chipmaking equipment further complicates a ...
Business / Corporate Dec 13, 2019
Toshiba prepares for early return to Tokyo Stock Exchange's first section
Toshiba Corp. said Friday it is preparing for a swift return to the Tokyo Stock Exchange's first section, following its 2017 demotion on massive losses from its bankrupt U.S. nuclear unit, to raise capital for future investments. "Toshiba intends to apply for its return to ...
Business / Corporate Nov 25, 2019
Toshiba says its device tests for 13 cancer types with 99% accuracy from a single drop of blood
Testing on the equipment and testing procedure will begin next year.
Business / Corporate Nov 13, 2019
Toshiba posts ¥145 billion net loss in first half of fiscal year
Toshiba Corp. reported a net loss Wednesday of ¥145.15 billion ($1.3 billion) for the April-September period, due in part to taking a loss on the sale of a U.S. liquefied natural gas operation. The company's net loss compares with a profit of ¥1.08 trillion reported ...
Business / Corporate Nov 12, 2019
Toshiba's board discusses taking full control of some listed subsidiaries
Major machinery and electronics maker Toshiba Corp. is considering taking full control of some of its four listed subsidiaries, it has been learned. With Toshiba's board already discussing the matter, the company may reach a conclusion within this week at the earliest, informed sources said. The ...