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toshiba

Toshiba sees power chips as immediate growth driver after $14 billion buyout

December 22, 2023 by Reuters
Toshiba sees power chips as immediate growth driver after $14 billion buyout - photo licensed by shore news network.

TOKYO (Reuters) – Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief … Read more

Categories In the News

In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job

December 19, 2023 by Reuters
In buying toshiba, a little-known fund takes on japan inc's toughest job - photo licensed by shore news network.

By Anton Bridge and Makiko Yamazaki TOKYO (Reuters) – A little-known private equity firm is set to take on the toughest job in corporate Japan: … Read more

Categories In the News

Toshiba to go private on Dec 20 after successful $13 billion takeover bid

October 11, 2023 by Reuters
Toshiba to go private on dec 20 after successful $13 billion takeover bid - photo licensed by shore news network.

TOKYO (Reuters) – Toshiba Corp said on Thursday it will hold an extraordinary shareholder’s meeting on Nov. 22 to approve the consolidation of its shares, … Read more

Categories Business News

Toshiba, General Electric to build offshore wind equipment supply chain in Japan-Nikkei

July 15, 2023 by Reuters
Toshiba, general electric to build offshore wind equipment supply chain in japan-nikkei - photo licensed by shore news network.

TOKYO (Reuters) – Japan’s Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported … Read more

Categories Business News

The long-running crisis at Japan’s Toshiba

March 23, 2023 by Reuters
The long-running crisis at japan's toshiba - photo licensed by shore news network.

By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp’s board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial … Read more

Categories Business News

Toshiba says aims to reach deal with potential partners soon as possible

December 15, 2022 by Reuters
Toshiba says aims to reach deal with potential partners soon as possible - photo licensed by shore news network.

TOKYO (Reuters) – Japan’s Toshiba Corp, which is in talks about a buyout, said in a letter to shareholders on Friday that it was aiming … Read more

Categories Business News

State-backed Toshiba suitor boosts buyout fund size to $6 billion-plus

November 2, 2022November 2, 2022 by Reuters
State-backed toshiba suitor boosts buyout fund size to $6 billion-plus - photo licensed by shore news network.

By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) – Japan Investment Corp (JIC), a potential bidder for Toshiba Corp, has expanded the size of its … Read more

Categories US and World News

Japan Industrial Partners-led group likely to miss lending deadline for Toshiba buyout -Kyodo

October 26, 2022 by Reuters
Japan industrial partners-led group likely to miss lending deadline for toshiba buyout -kyodo - photo licensed by shore news network.

TOKYO (Reuters) -The preferred bidder to buy out Toshiba Corp, a group led by private equity firm Japan Industrial Partners (JIP), is likely to miss … Read more

Categories US and World News

Orix can invest about $2 billion in Toshiba buyout – Nikkei Business

October 21, 2022 by Reuters
Orix can invest about $2 billion in toshiba buyout - nikkei business - photo licensed by shore news network.

TOKYO (Reuters) -Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba … Read more

Categories US and World News

Toshiba India to supply batteries for EVage’s electric vans

October 11, 2022 by Reuters
Toshiba india to supply batteries for evage's electric vans - photo licensed by shore news network.

BENGALURU (Reuters) – The Indian unit of Japan’s Toshiba will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up … Read more

Categories US and World News

Toshiba logs surprise quarterly operating loss on higher materials costs

August 10, 2022 by Reuters
Toshiba logs surprise quarterly operating loss on higher materials costs - photo licensed by shore news network.

TOKYO – Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and … Read more

Categories Financial News

Toshiba selects Bain, CVC, Brookfield, Japan funds for second round – sources

July 20, 2022 by Reuters
Toshiba selects bain, cvc, brookfield, japan funds for second round - sources - photo licensed by shore news network.

By Makiko Yamazaki and Takaya Yamaguchi TOKYO – Japan’s Toshiba Corp has selected four bidders including private equity firms Bain Capital, CVC Capital Partners and … Read more

Categories Financial News

KKR has no plans to lead Toshiba bid, but could join a deal – sources

July 19, 2022 by Reuters
Kkr has no plans to lead toshiba bid, but could join a deal - sources - photo licensed by shore news network.

By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba … Read more

Categories Financial News

Tepco considering joining Japan investment partners to bid for Toshiba -Bloomberg

July 5, 2022 by Reuters
Tepco considering joining japan investment partners to bid for toshiba -bloomberg - photo licensed by shore news network.

TOKYO – Tokyo Electric Power Co (Tepco) is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba … Read more

Categories Financial News

Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources

June 28, 2022 by Reuters
Japan's state-backed jic hires smbc nikko for potential toshiba deal -sources - photo licensed by shore news network.

By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG – State-backed Japan Investment Corp (JIC) has hired SMBC Nikko Securities as its financial adviser for its … Read more

Categories Financial News

Toshiba director defends board nominees from hedge fund shareholders

June 7, 2022 by Reuters
Toshiba director defends board nominees from hedge fund shareholders - photo licensed by shore news network.

By Makiko Yamazaki and Yuki Nitta TOKYO – A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the … Read more

Categories Financial News

Japan set to allow foreign Toshiba bids if they comply with security rules

May 18, 2022 by Reuters
Japan set to allow foreign toshiba bids if they comply with security rules - photo licensed by shore news network.

By Tim Kelly and Kaori Kaneko TOKYO – Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply … Read more

Categories Financial News

More than 10 funds consider making strategic proposals to Toshiba -NHK

May 12, 2022 by Reuters
More than 10 funds consider making strategic proposals to toshiba -nhk - photo licensed by shore news network.

TOKYO – More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it … Read more

Categories Financial News

Toshiba to solicit proposals on strategic alternatives, including privatisation

April 21, 2022 by Reuters
Toshiba to solicit proposals on strategic alternatives, including privatisation - photo licensed by shore news network.

TOKYO – Toshiba Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company. The company has retained … Read more

Categories Financial News

Toshiba investor 3D hails shareholders’ rejection of separation plan

March 24, 2022 by Reuters
Toshiba investor 3d hails shareholders' rejection of separation plan - photo licensed by shore news network.

TOKYO – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday. … Read more

Categories Financial News

Toshiba CEO resigns amid growing opposition to restructuring plans

February 28, 2022 by Reuters
Toshiba ceo resigns amid growing opposition to restructuring plans - photo licensed by shore news network.

TOKYO – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring … Read more

Categories Financial News

Blackstone and Toshiba deny buyout approach for Japanese conglomerate

February 24, 2022 by Reuters
Blackstone and toshiba deny buyout approach for japanese conglomerate - photo licensed by shore news network.

By Makiko Yamazaki and David Dolan TOKYO -Blackstone Inc has never approached Toshiba Corp about a potential buyout, the two companies said on Thursday, denying … Read more

Categories Financial News

Toshiba says 3D drops part of proposal on articles of incorporation

February 22, 2022 by Reuters
Toshiba says 3d drops part of proposal on articles of incorporation - photo licensed by shore news network.

TOKYO – Japan’s Toshiba Corp said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal. Last week, Toshiba … Read more

Categories Financial News

JPMorgan, Toshiba, Ciena find new way to protect blockchain with quantum network

February 17, 2022 by Reuters
Jpmorgan, toshiba, ciena find new way to protect blockchain with quantum network - photo licensed by shore news network.

By Elizabeth Dilts Marshall NEW YORK – A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they … Read more

Categories Financial News

Toshiba to invest $1 billion to double power chip production

February 4, 2022February 4, 2022 by Reuters
Toshiba to invest $1 billion to double power chip production - photo licensed by shore news network.

TOKYO – Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, … Read more

Categories Business News
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