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The Latest Breaking News from Toshiba

Morning Brief: Top Stories Dominating Financial Media on Thursday, March 24

Toshiba Shareholders Vote Down Competing Proposals, Spin-Off Plan: Reuters

Toshiba Shareholders Vote Down Competing Proposals, Spin-Off Plan: Reuters

Multinational conglomerate Toshiba Corp's (OTC:TOSYY) shareholders voted down buyout offers, leading to an uncertain future for the company. The company's efforts to seek buyout offers and its plan to spin off Toshiba's devices unit failed to gain the required vote, Reuters reported. The shareholder's rejection has left the company in limbo, with no end in…

Japan's Toshiba shareholders vote down restructuring plan

Japan's Toshiba shareholders vote down restructuring plan

Shareholders of embattled Japanese electronics and energy giant Toshiba Corp. have rejected a major restructuring plan

The Independent UK

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Toshiba Director Looks To Support Buyout, Against Board Opposition

Toshiba Corp (OTC:TOSYY) director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week's extraordinary shareholder meeting. Zage believed he…

Toshiba needs to present clear strategy to enhance corporate value

Even though Toshiba Corp. is one of the most prestigious companies in Japan, there is no end in sight to its management woes. The new management team should quickly present measures to improve its corporate value that will satisfy shareholders.

The Japan News/Yomiuri

Japan’s Toshiba CEO Steps Down amid Restructuring Efforts

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation. Tsunakawa will be replaced by Taro Shimada, an executive officer and corporate senior vice president, under a decision made at a Toshiba board meeting Tuesday, the Tokyo-based company said.…

Asharq Al-Awsat

Japan's Toshiba CEO steps down amid restructuring efforts

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation

The Independent UK

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Carrier Global Q4 Earnings Tops Street View, Provides FY22 Outlook

Carrier Global Q4 Earnings Tops Street View, Provides FY22 Outlook

Carrier Global Corp (NYSE:CARR) reported fourth-quarter FY21 sales growth of 11.7% year-over-year to $5.13 billion, 11% on an organic basis, beating the consensus of $4.83 billion. Sales by segments: HVAC $2.73 billion (+16.9% Y/Y), Refrigeration $1.09 billion (+14.9% Y/Y), and Fire & Security $1.43 billion (+2.4% Y/Y). The operating margin for the quarter…

Major multinationals falling short on 'net zero' climate pledges, report claims

Major multinationals falling short on 'net zero' climate pledges, report claims

Some of the world's top corporations have made bold promises to reach carbon neutrality. But according to a report from the New Climate Institute, many of them are far off track from their own targets. Also, Japanese conglomerate Toshiba revises its restructuring plan, and cryptocurrency exchanges are planning to spend…

Japan's Tech Giant Toshiba to Split

Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the…

Asharq Al-Awsat

Japan's tech giant Toshiba to split; sell stake in Carrier

Japan's tech giant Toshiba to split; sell stake in Carrier

Embattled Japanese technology giant Toshiba says it plans to split into two companies, one focused on infrastructure and the other on devices, as it tries to placate unhappy shareholders

The Independent UK

Toshiba To Invest $1B To Drive Chip Production

Toshiba To Invest $1B To Drive Chip Production

Toshiba Corp (OTC:TOSYY) looks to construct a new 300-millimeter wafer fabrication facility for power semiconductors at its main discrete semiconductor production base, Kaga Toshiba Electronics Corporation, in Ishikawa Prefecture. Toshiba will invest ~125 billion yen ($1.09 billion) to more than double the production of power management semiconductors to match up to the likes…

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