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December 22, 2024
 

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TOSHIBA

Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
BUSINESS / Companies
Dec 20, 2024
A year after going private, structural reforms bearing fruit for Toshiba
Before going private last December, Toshiba had long struggled to deal with activist investors, from whom the company accepted investments to stabilize its finances.
Kioxia Holdings will debut on the market Wednesday, but its initial public offering may get a cooler reception than anticipated.
BUSINESS / Companies
Dec 17, 2024
Chipmaker Kioxia faces a tough debut in Tokyo’s busy IPO arena
Investment in Kioxia faltered as parent Toshiba wrestled with years of scandals and crippling losses at nuclear giant Westinghouse, making it a shadow of its former self.
Nissan Motor slashed its earnings outlook earlier this month and said it would cut 9,000 jobs and a fifth of its manufacturing capacity.
BUSINESS / Companies
Nov 21, 2024
Hedge fund Effissimo stirs speculation with its stake in Nissan Motor
News of the investment sent Nissan’s shares soaring 13% on Nov. 12.
Toshiba may eventually form an alliance of companies that would corner 30% market share in the world’s power chip market, a company executive says.
BUSINESS
Oct 29, 2024
Toshiba aims for double-digit power chip market share by 2030
Toshiba could eventually form an alliance of companies that would corner 30% of the industry.
Toshiba Vice President Koji Ikeya says the company will aim to boost profitability by investing about ¥50 billion in fiscal 2026.
BUSINESS
Jun 13, 2024
Toshiba to double investments in power and defense business
The Japanese electronics and machinery maker will aim to boost profitability by investing about ¥50 billion in fiscal 2026.
Toshiba announced on Thursday that it would cut up to 4,000 jobs as part of a restructuring plan.
BUSINESS / Companies
May 17, 2024
Toshiba takes advantage of private status to chart new course
The company has announced that it will cut up to 4,000 jobs as part of a restructuring.
Toshiba is cutting up to 4,000 jobs and relocating its head office from Tokyo to Kawasaki as part of its restructuring efforts.
BUSINESS / Companies
May 16, 2024
Toshiba to cut 4,000 jobs in restructuring effort under new ownership
Toshiba delisted in December due to a ¥2 trillion takeover by a consortium led by a private equity firm, capping a decade of scandal and upheaval.
Once one of the country’s biggest employers, Toshiba has been trying to cut costs in its sprawling operations and focus on its infrastructure and digital technology operations.
BUSINESS / Companies
Apr 18, 2024
Toshiba considers cutting thousands of jobs in Japan
The electronics and machinery maker plans to focus resources on its infrastructure and digital operations.
Some prominent private equity-related dealmakings in Japan in 2023 include the ¥2.1 trillion ($14 billion) takeover of Toshiba.
BUSINESS / Markets
Mar 25, 2024
Japan private equity deals jump in otherwise gloomy year for Asia
Japan’s momentum is expected to continue into 2024 as companies face pressure to improve shareholder value.
Toshiba went private through a takeover bid after a series of battles with activist shareholders.
BUSINESS / Companies
Jan 21, 2024
Management buyouts by big companies on rise in Japan
The total value of management buyout deals exceeded ¥1.4 trillion in Japan in 2023 to hit a record high.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023
In buying Toshiba, JIP takes on corporate Japan's toughest job
While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
Toshiba and Rohm said Friday they will collaborate in the power semiconductor business, planning to spend a combined ¥388.3 billion to expand their production with one-third of the outlay covered by the industry ministry.
BUSINESS / Companies
Dec 8, 2023
Toshiba, Rohm to invest $2.7 billion to jointly produce power chips
The latest partnership is what the industry ministry has hoped for out of concerns that the country's power chip industry is too fragmented.
Shareholders arrive to attend Toshiba's extraordinary shareholders meeting in Tokyo on Wednesday.
BUSINESS / Companies
Nov 22, 2023
Toshiba shareholders approve plan to go private next month
The decision will allow a consortium led by JIP to buy all of Toshiba's remaining shares, marking the end of its decadeslong history as a public firm.
New Zealand's Richie Mo'unga in action against Argentina in the semifinals of the 2023 Rugby World Cup, in Saint-Denis, France, on Oct. 20
MORE SPORTS / Rugby
Nov 21, 2023
Mo'unga ready to forget All Blacks after Japan switch
Mo'unga has moved to Toshiba Brave Lupus on a three-year deal, meaning he cannot play for the All Blacks during that time unless eligibility rules change.
An attendee tries out the XR Catch game at the Sony Group booth at CEATEC in Chiba on Tuesday.
BUSINESS / Tech
Oct 17, 2023
Major Japan tech show opens with focus on sustainability
The major trade show kicked off on Tuesday, with firms keen to showcase how their latest technologies could contribute to creating a sustainable society.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023
Toshiba to go private after success of ¥2 trillion takeover bid
The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023
Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger
The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023
JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8
A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Japan Times
BUSINESS
Jul 7, 2023
Toshiba tender offer to be delayed until August or later
The consortium initially planned to launch the tender offer as early as late July, but it is taking time to obtain approval from antitrust regulators in certain countries.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

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