Page 2 - Toshiba

Toshiba split proposal dealt blow after proxy advisor rejects plan

Activist investor Effissimo Capital Management, which holds a roughly 10 per cent in Toshiba, also spoke out against the plan on Thursday

Toshiba's CEO Satoshi Tsunakawa 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.

Toshiba now plans to split into two, hikes shareholder return targets

Under the new restructuring, Toshiba will just split off its device business, including its power chip unit

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

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 U.S.-based Carrier Group, for about 100 billion yen ($877 million). Toshiba is also selling Toshiba Elevator and Building Systems Corp. and Toshiba Lighting & Technology Corp., it said Monday. The proposal is still subject to shareholder and regulatory approval. Toshiba scrapped its earlier proposal for a three-way split, which was not popular with some shareholders. Toshiba once was one of Japan's most revered brands but has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that's still partly a no-go zone. Toshiba is involved in the decommissioning effort, which will take ...

Toshiba to sell air-conditioner business, in prelude to restructuring

It will sell 55% of Toshiba Carrier to Carrier Global Corp for around 100 billion yen ($870 million), retaining a 5% stake

Japan's Toshiba to invest $1 billion to double production of power chip

The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips

Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp

The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan

Toshiba walked away from potential buyout talks and Brookfield offer

Toshiba's decision to not pursue either course and instead focus on a plan to split itself in three, has widened the gulf between the conglomerate and hedge fund investors

Toshiba shareholder objects to break-up, urges board to solicit offers

Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company's board

Toshiba says it plans to split into 3 firms, rejects calls to go private

After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets

Toshiba announces plan to split into 3 firms, shareholder reaction in focus

The third company will own Toshiba's 40.6% stake in unlisted memory chipmaker Kioxia.

From scandals to biz sale, Toshiba's lurch from crisis to crisis since 2015

The conglomerate has been battered by accounting scandals, massive writedowns for its U.S. nuclear business, the sale of its prized chip unit

Suzuki, Denso and Toshiba's lithium-ion JV unit to go on stream by year-end

Development brings Suzuki's India arm, Maruti Suzuki closer to the plans of introducing new tech vehicles, including hybrid and battery electric vehicles by 2025

Elliott builds Toshiba stake adding pressure to review

Toshiba's board is undertaking the review after an activist-shareholder rebellion earlier this year led to the ouster of the chief executive officer and a board member

Toshiba undecided on privatisation amid talks with investors

Toshiba started weighing options including privatization in May after weeks of takeover discussions sparked by private equity firm CVC Capital Partners' $21 billion acquisition bid

Toshiba's board appoints CEO Tsunakawa as interim board chairman

This comes after shareholders displeased with corporate governance at the Japanese conglomerate's ousted Chairman Osamu Nagayama.

Shareholders oust Toshiba board chairman in major win for Japan governance

For many, the result at the annual general meeting marks a new watershed moment for corporate governance in Japan

Toshiba board chairman fails to win reappointment in shareholder vote

Shareholders at crisis-ridden Toshiba Corp voted out its board chairman and one other director on Friday, a forceful rebuke of the company

Pivotal Toshiba shareholder vote on future of board chairman begins

Toshiba Corp kicked off its annual general meeting on Friday (Jun 25), with shareholders set to decide on whether to keep Osamu Nagayama as board chairman

Japan's Kioxia, formerly Toshiba Memory, aims for Sept IPO: Report

Japan's Kioxia Holdings Corp, formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported