In fresh scandal for Toshiba, subsidiary found to have booked ¥43.5 billion in fictitious sales
Toshiba Corp. said Friday that a subsidiary booked fictitious sales of ¥43.5 billion in 26 transactions recorded only on paper. The scandal may again throw Toshiba into a crisis similar to its massive accounting fraud in 2015. The subsidiary in question is Toshiba IT-Services Corp. based ...
Chips are down as Toshiba logs ¥145.63 billion loss for April-December
Toshiba Corp. said Friday it posted a group net loss of ¥145.63 billion ($1.32 billion) in the April-December period due to the sluggish performance of its affiliated semiconductor business. The loss is a sharp drop from the profit of ¥1.02 trillion it reported in the ...
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.
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 ...
Japan activist investor Yoshiaki Murakami makes surprise bid to disrupt Toshiba deal
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.
Toshiba CEO Nobuaki Kurumatani to be given additional title of president in April
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 ...
Toshiba touts PC algorithm that's faster than a supercomputer
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, ...
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 ...
Shareholder activism rises in Japan as firms go hostile and investors speak out
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 ...
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 ...
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 ...
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.
