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May 14, 2024
 

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TOSHIBA

BUSINESS / Companies
Dec 2, 2017
Toshiba said to be nearing resolution in Western Digital dispute
Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba's $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter.
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.
BUSINESS / Companies
Nov 22, 2017
Toshiba share sale opens door to David Einhorn, Daniel Loeb, other activists angling for shakeup
Toshiba Corp.'s plan to raise more money may bring in vocal investors more willing to take an active role in the electronics maker's affairs.
BUSINESS
Nov 21, 2017
Westinghouse discussing group bid for Saudi nuclear tender, sources say
Toshiba-owned Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multibillion-dollar tender for two nuclear power reactors in Saudi Arabia, three industry sources said.
Japan Times
BUSINESS / Companies
Nov 10, 2017
Toshiba eyes ¥600 billion capital injection to prevent delisting if deal for chip unit delayed
Toshiba Corp. is considering raising at least ¥600 billion ($5.3 billion) in new capital to prevent its shares from being delisted in case the sale of its semiconductor business is delayed, sources close to the matter said Friday.
BUSINESS / Companies
Nov 9, 2017
Toshiba rides memory chip unit to 28-year high in operating profit
The electronics giant posts a half-year operating profit that topped a 28-year high, driven by performance from its memory chip business.
Japan Times
JAPAN
Nov 1, 2017
Cash-strapped Toshiba may end sponsorship of 'Sazae-san' cartoon after 48-year run
Toshiba Corp., which incurred massive losses from the bankruptcy of its U.S. nuclear unit, is considering quitting as sponsor for the popular cartoon show "Sazae-san" after 48 years, sources said Tuesday.
Japan Times
BUSINESS / Companies
Oct 24, 2017
Bain says Western Digital legal protest threatens Toshiba joint venture
The Bain Capital-led consortium that's buying Toshiba Corp.'s chip unit warned Western Digital Corp. to give up attempts to overturn the deal and settle its legal claims if it wants the relationship to continue.
Japan Times
BUSINESS / Companies
Oct 24, 2017
Toshiba gains shareholder approval for crucial chip unit sale
Toshiba Corp. secured shareholder approval Tuesday for the sale of its chip unit to a Japanese-U.S.-South Korean consortium but kept mum about what alternatives to take if it fails to complete the deal before the end-of-March deadline to clear its excessive debt.
BUSINESS / Companies
Oct 23, 2017
Toshiba forecasts ¥110 billion annual loss from tax impact of chip unit sale to Bain consortium
Toshiba Corp. forecast an annual net loss of ¥110 billion ($968 million) after calculating the tax impact of selling its memory chip division to a group led by Bain Capital.
Japan Times
JAPAN
Oct 19, 2017
Ex-Toshiba chief Taizo Nishimuro, prominent business leader, dead at 81
Taizo Nishimuro, a former president of technology conglomerate Toshiba Corp. and a leading figure in the Japanese business community, has died at age 81, a Toshiba source said Wednesday.
Japan Times
BUSINESS / Companies
Oct 17, 2017
Toshiba Memory to create 5,000 new jobs in Japan, Bain executive says
Toshiba Corp.'s semiconductor-making subsidiary will create up to 5,000 jobs in Japan after its planned sale to a consortium led by Bain Capital, an executive at the U.S. investment fund said Tuesday.
Japan Times
BUSINESS / Companies
Oct 11, 2017
Toshiba removed from Tokyo Stock Exchange delisting watch list on improved controls
The Tokyo Stock Exchange said it removed Toshiba Corp. from its watch list for delisting after seeing better internal controls and efforts to improve corporate governance.
Japan Times
BUSINESS / FOCUS
Oct 11, 2017
Scandals seen shredding Japan Inc.'s once revered image for quality
Kobe Steel Ltd. raises fresh concern about the integrity of Japanese manufacturers after disclosing it falsified data on aluminum used in products ranging from cars to bullet trains.
Japan Times
BUSINESS / Companies
Oct 2, 2017
Western Digital's battle for Toshiba: A tale of threats and culture clashes
Steve Milligan was ready to declare victory. A statement was drafted and a photographer was getting lined up for a handshake ceremony planned in Tokyo. As the brash Silicon Valley executive prepared to announce the biggest deal of his career, a prominent Japanese newspaper was reporting his consortium had clinched an agreement to buy Toshiba Corp.'s semiconductor unit, the country's last big chip business.
Japan Times
BUSINESS / Companies
Sep 27, 2017
Western Digital looks to block Toshiba chip unit sale to Bain-led group
Western Digital Corp. said Tuesday it will seek an interim injunction to prevent Toshiba Corp. from selling its chip unit to a Japan-U.S.-South Korea consortium.
BUSINESS
Sep 24, 2017
Probe Toshiba's latest results for misstatements, SESC staffers urge
Members of the Securities and Exchange Surveillance Commission are calling for an investigation to be opened into Toshiba Corp.'s fiscal 2016 results, claiming they contain significant misstatements, sources close to the matter said Saturday.
Japan Times
BUSINESS / Companies
Sep 24, 2017
Apple plays kingmaker in Toshiba chip drama with $3 billion plan to back Bain's bid
With the possibility of providing about $3 billion to Bain Capital, Apple Inc. is playing the role of kingmaker in the battle for Toshiba Corp.'s memory chip business.
Japan Times
BUSINESS / Companies
Sep 20, 2017
Toshiba selects Bain-led group for chip unit sale, looks to get out of debt by next March
Toshiba Corp. said Wednesday it has decided to sell its chip unit to a Japan-U.S.-South Korea consortium for around ¥2.4 trillion ($21 billion), rejecting a counterbid from its longtime partner Western Digital Corp.
BUSINESS / Companies
Sep 15, 2017
Bain names heavyweights Apple, Dell, Seagate as new partners in Toshiba chip bid team
Bain Capital has brought in Apple Inc., Dell Inc. and other technology heavyweights into a consortium seeking to buy Toshiba Corp.'s prized semiconductor unit, the U.S. investment fund said Friday.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Three men rearrested over brokering of overseas prostitution
A woman speaks of her experience of being sent to Macau by an overseas prostitution broker during an interview in Tokyo's Shinjuku Ward on April 8.
Ex-METI bureaucrat given 10-year sentence for drugging and raping women
The Tokyo District Court on Monday sentenced a former industry ministry bureaucrat to 10 years in prison for drugging six women with sleeping pills and then raping or groping them in 2022.
Money stolen via online transfers up fivefold in Tokyo
Special fraud cases in Tokyo in which stolen money was sent via online banking services grew some fivefold from the previous year in 2023.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
In a rare event, the Northern Lights show up in Hokkaido
The Northern Lights in Nayoro, Hokkaido, on Saturday
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.
Japan's logistics firms seek partnerships to cope with driver shortage
Japan Post CEO Tetsuya Senda (right) and his Seino Transportation counterpart Satoshi Takahashi announce their companies' agreement on joint long-haul truck operations, in Tokyo on Thursday.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Unlike 10 years ago, Japan's new security bill sparks little debate
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.

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