Tag - toshiba

 
 

TOSHIBA

Japan Times
BUSINESS / Companies
Sep 18, 2015
Pressure to show a profit led to Toshiba's accounting scandal
Manufacturing giant Toshiba Corp.'s president and seven other directors were forced to resign when an investigation revealed in July that the firm had doctored the books and had padded its profits over the past seven years to the tune of hundreds of billions of yen.
BUSINESS / Companies
Sep 14, 2015
Toshiba logs first-quarter net loss; sales at lowest since December 2012
Toshiba Corp. posted a net loss for the first quarter as sales of televisions and personal computers slumped and profit fell at its division that makes chips.
Japan Times
BUSINESS / Companies
Sep 9, 2015
Shareholder demands Toshiba sue execs over accounting scandal
An individual shareholder of Toshiba Corp. has demanded that the company file a ¥1 billion damages suit against 28 current and former executives for ruining the firm's credibility by turning a blind eye to widespread mis-accounting.
Japan Times
BUSINESS / Companies
Sep 1, 2015
Toshiba probing 10 new accounting issues, including at U.S. unit
Toshiba Corp. has uncovered 10 new cases of accounting problems, including at a U.S. unit, prompting it to miss a regulator's deadline for submission of its fiscal 2014 earnings release.
BUSINESS / Companies
Aug 27, 2015
Toshiba eyes appointing Shiseido adviser Maeda as board chairman
Toshiba Corp. is considering naming Shinzo Maeda, senior adviser to cosmetics-maker Shiseido Co., as chairman of its revamped board in order to improve corporate governance at the industrial conglomerate that's mired in an accounting scandal, sources close to the matter said Thursday.
Japan Times
BUSINESS / Companies
Aug 18, 2015
Toshiba to report red ink for 2014 after accounting scandal
Toshiba says it is likely to have fallen into the red in the business year that ended March due to losses and a reduction in asset values resulting from its correction of past earnings.
Japan Times
BUSINESS / Companies / FOCUS
Aug 14, 2015
Toshiba scandal highlights need for diversity in corporate Japan
An accounting scandal engulfing Japanese conglomerate Toshiba Corp. has exposed how closed corporate culture, still prevalent even at globally well-known companies in the country, plagues corporate governance.
Japan Times
BUSINESS / Companies
Aug 13, 2015
Toshiba may book ¥100 billion loss in fiscal 2014 amid accounting scandal
Toshiba Corp. may book a loss of over ¥100 billion for the business year through March 2015 as it grapples with a sweeping accounting scandal, sources familiar with the matter said Wednesday.
BUSINESS / Markets
Aug 7, 2015
Japan's shame index dumps Toshiba, adds Olympus in second revamp
Toshiba Corp. was kicked off a stock index showcasing the best domestic companies after a ¥152 billion ($1.2 billion) accounting scandal, while Olympus Corp. made the cut.
COMMENTARY / Japan
Jul 31, 2015
Japan's Enron reckoning
The Toshiba scandal should be an impetus for the Abe government to do even more to improve corporate governance.
BUSINESS / Markets
Jul 30, 2015
After rough bond performance, Toshiba seen facing more capital hits
Toshiba Corp.'s bonds were Japan's biggest losers this month, and the worst may not be over in the nation's latest accounting scandal.
BUSINESS / Companies
Jul 29, 2015
Scandal-hit Toshiba eyes retaining Muromachi as president
Toshiba Corp. is looking at the possibility of retaining temporary President Masashi Muromachi when it appoints its new management team next month as it regroups following an accounting scandal, according to company sources.
Japan Times
JAPAN / Crime & Legal
Jul 24, 2015
Toshiba case points to whistleblower law's shortcomings
One of the more intriguing questions stemming from the Toshiba accounting scandal is this: Where was the whistleblower?
EDITORIALS
Jul 23, 2015
Learning from the Toshiba scandal
It remains to be seen if the exit of Toshiba's top executives will change the corporate culture that produced the massive accounting scandal.
COMMENTARY / Japan
Jul 22, 2015
Toshiba scandal exposes Japan's weak oversight
It's well and good that three of Toshiba's top executives have resigned in the wake of a $1.2 billion accounting scandal, but when do we see some criminal indictments?
Japan Times
BUSINESS / Companies
Jul 22, 2015
How Toshiba's inability to acknowledge 'embarrassing' figures led to massive misrepresentation
"Get it done like your life depends on it."
Japan Times
BUSINESS / Companies
Jul 21, 2015
Heads roll at Toshiba as scandal claims top brass
President Hisao Tanaka resigns over the accounting scandal that saw the firm allegedly pad its profits over the past seven years.
BUSINESS / Companies
Jul 21, 2015
Toshiba's accounting scandal among biggest in Japan corporate history
Toshiba Corp.'s ¥152 billion ($1.2 billion) accounting scandal, caused by top executives setting unrealistic profit targets, ranks among the largest in Japanese corporate history.
BUSINESS / Companies
Jul 15, 2015
Toshiba CEO to step down in September over accounting scandal
Toshiba Corp. Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said.
EDITORIALS
Jul 15, 2015
Toshiba's cooked books
Unless it's determined why Toshiba's existing governance mechanism failed to prevent accounting irregularities it will be difficult to prevent similar incidents in the future.

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