On August 8, Toshiba Tec reported its first-quarter financial results. The three-month period ended on June 30, 2018. The quarter follows a strong fiscal year that closed on March 31, 2018 (see “Toshiba Tec Reports Revenue Growth Plus Record Net Profit in FY 2017”). In the year ended in March, Toshiba Tec was able to
A U.S. federal appeals court this week reversed a lower-court decision to dismiss an investors’ lawsuit against Toshiba, saying the suit may proceed in its complaint that Toshiba misled investors about internal accounting controls, which caused investors to suffer losses. The 9th U.S. Circuit Court of Appeals, in a 3-0 decision, said U.S. District Judge
Toshiba America Business Solutions has expanded its Encompass managed print services (MPS) program to include Toshiba and other OEM thermal barcode printers. Toshiba’s now-expanded MPS service and support capability targets supply chain and logistics operations that use thermal barcode labeling in printer fleets across a wide range of industries. Toshiba markets its e-STUDIO copiers and printers to a
Toshiba’s plans to remake itself in the wake of years of losses and scandals continued on June 5 with the announcement that the firm will sell 80.1 percent of its PC business to Sharp Corporation. The move follows the closing of the sale of Toshiba’s memory chip business to a consortium led by Bain Capital
At last, we can put the will they sell/won’t they sell drama firmly behind us. On June 1, Toshiba Corporation officially announced it has closed the sale of Toshiba Memory Corporation (TMC), its memory chip business, to a consortium led by Bain Capital but also including Japanese state-backed Innovation Network Corp of Japan (INCJ), the Development
Toshiba says Chinese antitrust officials have approved the sale of its microchip business, removing the last hurdle in the company’s plan to sell its highly profitable Toshiba Memory Corporation (TMC) (see “Toshiba Shareholders Approve Sale of Memory Chip Division to Cover Westinghouse Bankruptcy Losses”). The decision comes just days after Toshiba posted its 2017 financial results
Japanese conglomerate Toshiba Corporation reported this week that the company is back in the black after four years, and newly installed CEO Nobuki Kurumatani told reporters May 15, “At last, we can stand at the starting line.” Mr. Kurumatani, a former banker, took over as chief executive officer of Toshiba in April (see “Toshiba Hires
On May 9, Toshiba Tec reported its financial results for fiscal 2017, which ended on March 31, 2018. The company closed the books on a strong year in which net sales grew modestly but profits soared. Toshiba Tec proudly reported that its net income for the year was the highest in the company’s history and
Toshiba America Business Solutions announced on April 18 that it recycled nearly 228 metric tons of used toner products in 2017 through its “Zero Waste to Landfill” program, setting a new record for the company. While Toshiba did not report how much e-waste it collected in 2016, the amount it recycled in 2017 exceeds what
In a roundtable meeting with journalists, Toshiba’s newly installed chief executive officer said the company is sticking with plans to sell the company’s “crown jewel” memory chip unit, despite delays in approval from Chinese regulators. Bloomberg reported that Nobuaki Kurumatani, who took over as CEO on April 1 (see “Toshiba Hires New CEO, Raises Net
