Toshiba Corp | Zee News

Advertisement

NewsToshiba Corp

Toshiba Corp News

20 Sep 2017

Toshiba selects Bain group as buyer of its memory chip business

Toshiba was reportedly shifting back towards selling the unit to a group backed by Western Digital.

13 Jun 2017

Toshiba faces fresh lawsuit, plans provision for year ended March

Toshiba said in a statement that it plans to book an additional provision for the year ended March for the lawsuit.

14 Apr 2017

Apple considering multi-billion dollar investment in Toshiba chip unit

Apple Inc is considering investing at least several billion dollars in the chip business put up for sale by Toshiba Corp, public broadcaster NHK reported, citing an unidentified source.

Foreign institutions

13 Oct 2016

Foreign investors sue Toshiba over $162.3 million accounting scandal

A group of investors, mostly foreign institutions, are suing Toshiba Corp in a Tokyo court for 16.7 billion yen ($162.3 million) in damages, over a $1.3 billion accounting scandal uncovered last year.

13 Oct 2016

Foreign investors sue Toshiba over accounting scandal

Toshiba Corp on Thursday said a group of investors had sued the company for 16.7 billion yen ($162.29 million) in damages over its false profit statements, the largest single claim of compensation over the accounting scandal so far.

30 Mar 2016

Toshiba to book $800 million in April-June on sale of white goods business

Toshiba Corp said on Wednesday it would book a pretax profit of 90 billion yen ($801.7 million) for its first quarter ending June, on the sale of its while good business to China`s Midea Group Co Ltd.

27 Nov 2015

Toshiba considers splitting off, listing part of chip business

Toshiba Corp said on Friday it was considering splitting off part of its chip business, with listing it an option, in a move that would help it raise capital needed to fund restructuring following a $1.3 billion accounting scandal.

21 Jul 2015

Toshiba CEO to step down over accounting scandal

CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.

21 Jul 2015

Japan finance minister warns Toshiba scandal could hit investor confidence

Japanese Finance Minister Taro Aso said accounting irregularities at Toshiba Corp were "very regrettable", coming at a time when Japan is trying to regain global investors` confidence with better corporate governance.

18 Jul 2015

Regulators to seek penalty on Toshiba for false accounting: Report

Toshiba expects to take up to $3 billion in charges related to six years of improper accounting.

17 Jul 2015

Toshiba probe finds top execs involved in company-wide scandal: Source

A panel investigating an accounting scandal at Toshiba Corp has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said on Friday.

16 Jul 2015

Toshiba faces $3 billion in charges over accounting scandal

Toshiba Corp expects $2.4-3.2 billion in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down,

15 Jul 2015

Toshiba CEO to quit in accounting scandal: Sources

Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday.

15 Jul 2015

Toshiba CEO Hisao Tanaka likely to step down in September: Report

Toshiba Corp Chief Executive Hisao Tanaka is likely to step down in September to take responsibility for accounting irregularities at the Japanese conglomerate, the Nikkei business daily reported.

04 Jul 2015

Toshiba accounting errors may be over $1 billion: Report

Toshiba Corp may need to mark down past earnings by over 150 billion yen ($1.22 billion), nearly triple an earlier estimate, after an ongoing investigation into past accounting practices found more irregularities, a report said on Saturday.

29 May 2015

Toshiba says accounting probe to take until mid-July

Toshiba Corp will file its annual report up to two months later than usual as an ongoing independent investigation into accounting irregularities will likely last until mid-July, the Japanese conglomerate said on Friday.

22 May 2015

Toshiba to expand accounting probe to TV, other businesses: Report

Toshiba Corp will expand its accounting probe to other operations with a focus on its TV, computer and chip businesses, public broadcaster NHK reported Friday, as it investigates bookkeeping irregularities for some infrastructure projects.

19 Oct 2014

Toshiba in pact with UTC to strengthen strategic collaboration

The companies have set a target to accelerate growth and double the unit's USD 1.6 billion annual revenues by the next decade, it said.

Loading...

NEWS ON ONE CLICK