Tag - toshiba

 
 

TOSHIBA

Japan Times
BUSINESS
May 12, 2023
Toshiba posts 35% decline in full-year net profit
The firm has said a planned takeover bid that is expected to take the company private will likely start in late July.
Japan Times
BUSINESS
Mar 29, 2023
Five former Toshiba executives ordered to pay damages over accounting scandal
Toshiba released a comment that it will examine the details of the ruling and make a decision on how to deal with the issue after consulting with its attorney.
Japan Times
BUSINESS / Companies / FOCUS
Mar 26, 2023
Rocky road to Toshiba deal raises doubts about a future comeback
The questions now are whether activist investors will accept the terms — and whether the firm can restore its former glory.
Japan Times
BUSINESS / Companies
Mar 23, 2023
Toshiba board accepts JIP buyout proposal, report says
The JIP consortium last month submitted a binding buyout proposal backed by $10.6 billion in loan commitments from major banks.
Japan Times
BUSINESS / Companies
Mar 7, 2023
Japan firms sign up for greater scrutiny of rights issues in supply chains
Companies such as Kirin have joined a platform that allows for allegations of human rights violations to be filed against member companies through an online process.
Japan Times
BUSINESS / Companies
Feb 28, 2023
Toshiba buyout proposal faces increasing uncertainty
It is unclear whether activist shareholders, including foreign investment funds, will agree to a ¥2 trillion buyout proposed by a consortium led by investment fund Japan Industrial Partners.
Japan Times
BUSINESS
Feb 24, 2023
Orix weighs cutting contribution to JIP’s Toshiba offer, sources say
Orix is seeking to acquire ¥200 billion ($1.5 billion) of common and preferred Toshiba stock, down from the original ¥300 billion, the sources said.
Japan Times
BUSINESS / Companies
Feb 15, 2023
Bleak earnings and revolving leadership dampen prospects for Toshiba buyout
During an earnings report on Tuesday, Toshiba Vice President and CFO Masayoshi Hirata dodged questions surrounding any potential buyout developments.
Japan Times
BUSINESS / Companies
Feb 9, 2023
JIP-led group has secured loans worth ¥1.4 trillion for Toshiba buyout, sources say
Toshiba named the consortium as its preferred bidder last October, but the group was unable to meet a requirement to provide commitment letters from banks by Nov. 7.
Japan Times
BUSINESS / Companies
Feb 7, 2023
Toshiba’s bidder set to win commitments for $10.6 billion loan
Securing financing support from banks is a crucial step in the JIP-led consortium’s proposed takeover of one of Japan’s most iconic companies.
Japan Times
BUSINESS
Dec 30, 2022
Toshiba deal faces more uncertainty as financing talks stall
A consortium led by Japan Industrial Partners is in talks over bank financing totaling about u00a51.4 trillion to take Toshiba private, but negotiations have stalled.
Japan Times
BUSINESS / Companies
Dec 16, 2022
Japanese banks agree to back Toshiba’s preferred bidder, sources say
The four major banks are finalizing the details and could issue commitment letters as soon as the end of this month, the sources said.
Japan Times
BUSINESS
Dec 10, 2022
Toshiba's preferred bidder moving closer to securing financing for buyout
Concrete restructuring steps proposed by Japan Industrial Partners have made a group of lenders more confident in JIP's post-acquisition plans.
Japan Times
BUSINESS / Companies
Nov 28, 2022
Toshiba’s preferred bid delayed amid loan uncertainty, sources say
Banks are considering issuing commitment letters for loans to a consortium led by Japan Industrial Partners and aren't expected to make a decision until mid-December, later than planned.
Japan Times
BUSINESS / Companies
Nov 26, 2022
JIP to launch Toshiba tender offer by end of March
JIP, which holds preferential negotiating rights for the firm, plans to procure more than u00a52.2 trillion by securing investments from over 10 companies and bank loans.
Japan Times
BUSINESS / Companies
Nov 17, 2022
Toshiba preferred bidder may tap Rohm and Suzuki for funds
Electronics company Rohm is considering putting in about u00a5100 billion in equity and around u00a5200 billion in debt as part of efforts to back a bid for the group.
Japan Times
BUSINESS / Companies
Nov 12, 2022
Success of JIP's bid for Toshiba hinges on banks
The investment fund is negotiating with lenders to raise over u00a51 trillion in loans, though some banks view extending such a line of credit as overly risky.
Japan Times
BUSINESS / Companies
Nov 7, 2022
Fate of Toshiba management causing friction for banks in buyout plan
There is concern preferred bidder JIP's plan to retain Toshiba CEO Taro Shimada and his team could impede the reorganization needed to put the firm on the road to recovery.
Japan Times
BUSINESS
Nov 4, 2022
Toshiba’s preferred bidder may miss finance deadline
Four banks that were considering whether to issue commitment letters for loans to the consortium led by Japan Industrial Partners have decided not to proceed before the cutoff date.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
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