Toshiba Corp.'s talks to sell its chip business to a consortium led by Bain Capital have hit an impasse over the timing of payments for business and governance issues, according to people familiar with the matter, casting doubt on the company's ability to complete ...
While Toshiba appears to have averted the risk of immediate delisting from the Tokyo Stock Exchange by submitting its annual financial results with sign-off by an auditor ahead of the deadline, the Japanese conglomerate's prospects of maintaining its listing remain far from certain. On Thursday, ...
Struggling Toshiba Corp. dodged delisting Thursday by submitting its annual business report for 2016 just before deadline, accompanied by a shaky sign-off from its auditor.
The auditor of Toshiba Corp. has informed the struggling electronics and appliance maker it plans to issue either an "adverse opinion" or a "qualified opinion" about its financial statements for fiscal 2016, according to informed sources. Toshiba, facing delisting, plans to push for the "qualified ...
Battle to remain listed remains due to delays in plan to overcome negative balance sheet through sale of profitable semiconductor unit.
A request to block Toshiba from raising much-needed cash by selling a flash-memory venture was taken off the table in a California court on Friday. Toshiba and Western Digital agreed to an order recommended by a state court judge who asked the companies to collaborate ...
A consortium led by Innovation Network Corp. of Japan has made a final bid for Toshiba Corp.'s memory chip operations, the chief of the government-backed investment fund said. "Our offer will likely help move the process forward considerably," INCJ Chairman and Chief Executive Officer Toshiyuki ...
Toshiba Corp. said Friday it plans to book a special profit of roughly ¥40 billion ($357 million) in the business year to March from the sale of its Swiss subsidiary's shares, part of its effort to raise cash for its looming restructuring plans. The embattled ...
Japanese companies have been given the tools to improve their corporate governance, now it's up to them to learn how to use these tools effectively.
Toshiba Corp. said Wednesday it has resumed blocking Western Digital Corp.'s access to the databases of their joint chip venture after a U.S. appellate court allowed the action in a temporary order. The decision by the California Court of Appeal in San Francisco came after ...
South Korea’s SK Hynix Inc., a member of the international consortium favored to purchase Toshiba Corp.’s flash memory subsidiary, drops its demand for voting rights in the unit.
Toshiba Corp. told its creditor banks it is in talks with Western Digital Corp. and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday. The crisis-wracked conglomerate ...
