Business / Corporate Jun 22, 2020
Toshiba to sell shares in chip affiliate for shareholder returns
Toshiba plans to sell the shares after the affiliate goes public, expected by the end of this year.
Business / Corporate Jun 10, 2020
Toshiba develops real-time subtitle system for online classes
The system transcribes teachers' speeches into subtitles, allowing students to quickly check parts they missed and review lessons afterward.
Business / Corporate Jun 5, 2020
Hitachi, Toshiba and Miraca join forces to raise output of antigen test kits
Industrial conglomerates Hitachi Ltd. and Toshiba Corp, as well as Miraca Holdings subsidiary Fujirebio, said on Friday they will jointly set up a facility to produce antigen-testing kits for the coronavirus. The line would help double production of Fujirebio's testing kits, which received government approval ...
Business / Corporate May 5, 2020
Toshiba to adopt four-day workweek at its manufacturing plants
Toshiba Corp. plans to adopt a four-day workweek for manufacturing staff at its group factories across Japan as part of its efforts to reduce the spread of the coronavirus, company officials said. After reaching an agreement with its labor union, the company hopes to launch ...
Business / Corporate Feb 15, 2020
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 ...
Business / Corporate Feb 14, 2020
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 ...
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 ...