News | Latest Breaking News Stories & Headlines

Toshiba is being taken private by a group of investors led by private equity firm Japan Industrial Partners

Toshiba delisted from Tokyo stock market after 74 years

Japan's Toshiba was delisted today after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.

Business • 20 Dec 23

The $14 billion takeover puts Toshiba in domestic hands.

Toshiba to be delisted after 74 years

Toshiba will be delisted tomorrow after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.

Business • 19 Dec 23

Some 20 Japanese companies including financial services firm Orix, chipmaker Rohm and Chubu Electric Power plan to take part in the deal for Toshiba

Toshiba board accepts $15 billion buyout proposal

The Toshiba board has accepted a buyout offer from a group led by private equity firm Japan Industrial Partners, valuing the company at 2 trillion yen ($15.2 billion), the company said today.

Business • 23 Mar 23

Toshiba posted an operating profit of 5.3 billion yen or $40.4 million for the October-December quarter

Toshiba cuts full-year profit estimate, COO resigns

Japan's Toshiba has reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time.

Business • 14 Feb 23

The plan comes after a five month strategic review undertaken after a highly damaging corporate governance scandal

Japan's Toshiba plans to split into three firms

Japan's Toshiba has today outlined plans to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and storage business.

Business • 12 Nov 21

The first-quarter profit represents less than a tenth of the company's projected annual profit

Toshiba returns to profit, in line with estimates

Japan's Toshiba has reported a first-quarter operating profit that was in line with analyst estimates, helped by cost cuts and a recovery from a pandemic-driven hit to demand.

Business • 12 Aug 21

Toshiba has announced a strategic review of the Japanese conglomerate

Toshiba says unit hacked by DarkSide

A Toshiba business unit said today it was hacked by the DarkSide ransomware group, overshadowing an announcement of a strategic review for the Japanese conglomerate under pressure from activist shareholders to seek out suitors.

Business • 14 May 21

Shares in Toshiba were untraded in morning trade with buy orders overwhelming sell orders

Toshiba considers €16.8bn offer to go private

Toshiba is considering a $20 billion (€16.84 billion) offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.

Business • 07 Apr 21

Toshiba today announced 7,000 job cuts, or 5% of its workforce, over five years

Toshiba to shed troubled assets, cut 7,000 jobs

Toshiba is liquidating its British nuclear power unit and selling its US liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors' confidence.

Business • 08 Nov 18

Foxconn was formally known as Hon Hai Precision Industry

Foxconn says Apple, Dell part of its bid for chip unit

Apple, computing giant Dell and Kingston Technology are members of a Foxconn-led consortium bidding for Toshiba's chip unit, the CEO of the world's largest electronics manufacturer told Reuters today.

Business • 12 Jun 17

Toshiba now facing delisting from Tokyo's stock exchange

Toshiba files results without auditor endorsement

Japan's Toshiba today filed its twice-delayed business results without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted.

Business • 11 Apr 17

Toshiba shareholders agree to split off chip unit

Toshiba shareholders have today approved a proposal to split off the Japanese company's prized NAND flash memory unit, paving the way for a sale of a majority stake or even all of the business.

Business • 30 Mar 17

A Chapter 11 filing was essential to rebuild Westinghouse, Toshiba CEO's Satoshi Tsunakawa said

Toshiba's Westinghouse set to file for Chapter 11

Toshiba's US nuclear unit Westinghouse has filed for Chapter 11 protection from creditors today.

Business • 29 Mar 17

Toshiba considers strategic options for Westinghouse

Japan's Toshiba has failed to submit audited third-quarter earnings for a second time, gaining a one month extension as its expands a probe into problems at its US nuclear unit Westinghouse.

Business • 14 Mar 17

Toshiab's CEO Satoshi Tsunakawa said he may consider selling most of its chip business

Bigger stake in Toshiba chip unit may be sold

Shares in Toshiba skidded today after the conglomerate said it would book a $6.3 billion hit to its US nuclear unit.

Business • 15 Feb 17

Toshiba has posted a $6.3 billion hit to its US nuclear unit

UK's Moorside in doubt after Toshiba writedown

The future of Britain's new Moorside nuclear plant was thrown into doubt today after Toshiba, which is developing the project with France's Engie, said it planned to pull out of the construction work.

Business • 14 Feb 17

Toshiab was battered by an accounting scandal in 2015

Toshiba woes intensify on reports of big writedown

Toshiba's financial crisis deepened today as media reported it may unveil a bigger than expected $6 billion writedown for its US nuclear business, sending its shares sliding 15%.

Business • 19 Jan 17

Toshiba shares have tumbled 35% since last week in Japan

Toshiba hit by new profit padding allegations

Toshiba shares fell more than 5% today after reports that the Japanese security watchdog suspects the conglomerate of misreporting profits by 40 billion yen ($339.59m) over three years.

Business • 04 Jan 17

Toshiba said cost overruns at a US nuclear business it bought last year meant it could face 'several billion dollars' in charges

Toshiba shares tumble after second downgrade

Shares in Toshiba fell more than 19% today, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown.

Business • 29 Dec 16

Shares in the Japanese conglomerate slump by 20% today

Writedown fears wipe $5 billion off Toshiba value

A looming writedown at Japanese conglomerate Toshiba has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade.

Business • 29 Dec 17

A $1.3 billion book-keeping scandal last year has pushed Toshiba to streamline its businesses

Toshiba nominates its new CEO

Japan's Toshiba has nominated Satoshi Tsunakawa, a former head of its medical equipment division, to be its next chief executive officer.

Business • 06 May 16

Toshiba is trying to recover from the book-keeping scandal in which it overstated profits from around 2009

Toshiba sees bigger loss as restructuring costs up

Japanese industrial conglomerate Toshiba said it expects a bigger loss than it previously forecast amid mounting restructuring costs after a $1.3 billion accounting scandal.

Business • 04 Feb 16

Toshiba moves to streamline the sprawling conglomerate into a firm focused on chips and nuclear energy

Toshiba to cut 7,000 jobs in PC and TV units

Japan's Toshiba said today it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal.

Business • 21 Dec 15

Toshiba's stock has fallen about 40% since April when it first questioned accounting practices that it said inflated profits by around 155 billion yen over seven years

Toshiba facing €55m fine over accounting violation

Japan's securities watchdog has recommended that Toshiba Corp be fined a record 7.37 billion yen (€55.3m) for a massive accounting violation, as the country seeks to rebuild a corporate image shattered by a series of high-profile wrongdoing.

Business • 07 Dec 15

Shares in Toshiba have lost nearly 30% since its accounting issues were disclosed in early April

Toshiba posts net loss and revamps its board

Japan's Toshiba has booked a net loss for the past financial year and pledged to improve governance with a revamped board of directors.

Business • 07 Sep 15