Toshiba Corp. is considering cutting as many as 5,000 positions in Japan, Nikkei reported on Wednesday. People familiar with the plans said the layoffs will largely involve "back-office departments in the head office" and the company will encourage voluntary retirements.
Toshiba was delisted from...
Toshiba Corporation revealed on Monday that in the second quarter of its fiscal 2023 net sales came in at ¥793.5 billion, falling 7% on an annual basis. In the reported period, net loss attributable to company shareholders stood at ¥26.7 billion, down from a net income of ¥74.8 billion registered in the...
Investors will gain insight into the financial state of global corporations this week as companies, spanning industries from energy and technology to retail and entertainment, prepare to reveal their latest earnings.
All eyes will be on the retail sector as it takes center stage in the earnings spotlight,...
Toshiba Corp. announced on Thursday that private equity firm Japan Industrial Partners (JIP) will take the company private after buying 78.65% of its stock. The tech giant's board recommended accepting the deal back in June. The transaction is valued at 14 billion and is the first step in the process...
Toshiba Corporation reported on Monday that its net sales for the first quarter of fiscal 2023 amounted to ¥704 billion, falling by 4.9% compared to the same period a year ago.
The company's net income attributable to shareholders reached ¥25.4 billion in the first three-month period, compared to...
Toshiba Corporation's Board of Directors recommended on Thursday that shareholders accept a tender offer by a Japan Industrial Partners-led consortium.
JIP offered ¥4,620, or approximately $33, per share to take the conglomerate private and Toshiba's management accepted the bid in...
Toshiba Corporation announced on Friday that its net sales for the entire 2022 fiscal year went up by 0.7% to ¥3.4 trillion or approximately $25 billion. The report noted that Energy Systems and Solutions logged higher sales in the reported period.
Operating income landed at ¥110.5 billion ($825.0...
Toshiba Corporation is nearing an acquisition agreement worth $15.3 billion (2 trillion yen) with a group of companies including Japan Industrial Partners (JIP), Nikkei Asia reported on Thursday.
The company reportedly passed a document enabling resolution at a board meeting today, and the move...
Toshiba Corporation's income statement, released Tuesday, showed the company's net sales in the third quarter of its fiscal 2022 landed at ¥775 billion (~$5.87 billion), marking a year-on-year decline of 34%. For the corresponding quarter, the company's operating income fell 37.2% to ¥5.4 billion...
Toshiba Corporation confirmed on Thursday in a statement previous media reports that a consortium led by investment fund Japan Industrial Partners (JIP) submitted a final buyout bid.
Toshiba explained that it received the acquisition proposal today and will start the process of assessing it. The...
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