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Toshiba

Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Thu, Jul 18, 2024

Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026, it stated.

Toshiba QLED TV with Dolby Vision-Atmos launched at Rs 26,999 - Check details

Toshiba QLED TV with Dolby Vision-Atmos launched at Rs 26,999 - Check details

Wed, May 08, 2024

The 43-inch and 50-inch models are now available and the 55-inch model will follow soon after.

Toshiba delisted after 74 years, faces future with new owners

Toshiba delisted after 74 years, faces future with new owners

Wed, Dec 20, 2023

Toshiba has begun moving already, teaming up with Rohm to invest $2.7 billion in manufacturing facilities to jointly produce power chips.

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Toshiba to gradually sell Kioxia stake after ex-chip unit's IPO — sources

Toshiba to gradually sell Kioxia stake after ex-chip unit's IPO — sources

Sat, Jun 20, 2020

Toshiba Corp plans to gradually unwind its 40% stake in Kioxia Holdings after the world`s second-largest flash memory chip firm lists its shares in an IPO later this year.

Toshiba Cordfree RZE-BT800E: Is this the workout companion you are looking for?

Toshiba Cordfree RZE-BT800E: Is this the workout companion you are looking for?

Mon, Apr 29, 2019

While Samsung has recently launched its new Galaxy Buds, Toshiba too has introduced the Cordfree RZE-BT800E. The company claims that these easy to charge, easy to wear, easy to carry earbuds are the perfect addition to your music and audio needs. But, are they?

Toshiba has no immediate plans to sell memory chip stake: CEO

Toshiba has no immediate plans to sell memory chip stake: CEO

Fri, Dec 21, 2018

The stake allows Toshiba to account for its former unit in its earnings, without having to further invest in it, CEO Nobuaki Kurumatani said in an interview.

Toshiba to shed troubled assets, cut 7,000 jobs as part of new 5-year strategy

Toshiba to shed troubled assets, cut 7,000 jobs as part of new 5-year strategy

Thu, Nov 08, 2018

Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors` confidence.

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

Thu, Jan 18, 2018

Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

Toshiba, Western Digital agree in principle to settle chip dispute: sources

Toshiba, Western Digital agree in principle to settle chip dispute: sources

Fri, Dec 08, 2017

Toshiba was forced to put the unit - the world`s no. 2 producer of NAND chips - on the block to cover billions of dollars in liabilities arising from its now bankrupt U.S. nuclear power unit Westinghouse.

Western Digital says Toshiba's law suit in chip dispute to harm customers, shareholders

Western Digital says Toshiba's law suit in chip dispute to harm customers, shareholders

Thu, Jun 29, 2017

Toshiba Corp on Wednesday had sued Western Digital for 120 billion yen ($1 billion) regarding a dispute over the sales of its prized memory chip unit.

Suzuki Motor, Toshiba, Denso to form lithium-ion battery joint venture in India

Suzuki Motor, Toshiba, Denso to form lithium-ion battery joint venture in India

Fri, Apr 14, 2017

Suzuki Motor Corp, Toshiba Corp and Denso Corp announced on Friday said they would form a joint venture (JV) to produce lithium-ion batteries for automobiles in India.

Apple considers bidding for big stake in Toshiba's chip business: Report

Apple considers bidding for big stake in Toshiba's chip business: Report

Fri, Apr 14, 2017

According to NHK news report, Apple is considering to team up with its supplier Foxconn to bid for Toshiba Corp`s semiconductor business and considering to invest several billion dollars to take a stake of more than 20% into the company.

Lack of clarity on Toshiba earnings audit is a problem, says Japan's Finance Minister

Lack of clarity on Toshiba earnings audit is a problem, says Japan's Finance Minister

Wed, Apr 12, 2017

Toshiba filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the industrial conglomerate.

Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom - Nikkei

Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom - Nikkei

Fri, Mar 31, 2017

Toshiba is also asking potential bidders whether they intend to resell their stakes and wants to make a decision on the sale before a shareholders meeting in June, the Nikkei said, without saying where it obtained the information.

Toshiba approves Chapter 11 filing for nuclear unit Westinghouse

Toshiba approves Chapter 11 filing for nuclear unit Westinghouse

Wed, Mar 29, 2017

Toshiba Corp`s board has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday - a move that would limit losses that have plunged the Japanese group into crisis.

Toshiba shares dive after second earnings extension sought

Toshiba shares dive after second earnings extension sought

Tue, Mar 14, 2017

The extension would be the second after Toshiba postponed it a month ago to probe potential problems at Westinghouse. In early trading, Toshiba shares fell 4.8 percent to 204.6 yen, against the broader market`s 0.2 percent decline.

Toshiba to unveil nuclear writedown as it scrambles for cash

Toshiba to unveil nuclear writedown as it scrambles for cash

Tue, Feb 14, 2017

Toshiba warned of a potential writedown in December, a year after a $1.3 billion accounting scandal. Sources familiar with the matter say the charge will be as high as 700 billion yen ($6.2 billion) - a sum that would wipe out the group`s shareholder equity.

Nuclear write-down leaves Toshiba with $ 3.5 billion loss in Q3

Nuclear write-down leaves Toshiba with $ 3.5 billion loss in Q3

Sun, Feb 12, 2017

Toshiba will announce earnings for the April-December period on Tuesday, along with a full-year outlook. The company is also expected to explain the cause of the losses, measures to avoid similar events and plans to rebuild its nuclear business.

As nuclear loss grows, Toshiba needs chip investors, soon

As nuclear loss grows, Toshiba needs chip investors, soon

Sun, Jan 22, 2017

With mounting writedowns from its nuclear business, Japan`s Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

Toshiba in talks to sell chip business stake to Western Digital

Toshiba in talks to sell chip business stake to Western Digital

Wed, Jan 18, 2017

Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Wed, Dec 28, 2016

A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.

Toshiba may book big loss on US nuclear acquisition, shares plunge

Toshiba may book big loss on US nuclear acquisition, shares plunge

Tue, Dec 27, 2016

Toshiba Corporation said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12%.

Toshiba first-half profit triples on asset sales

Toshiba first-half profit triples on asset sales

Fri, Nov 11, 2016

Toshiba said on Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal.

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