Toshiba, Toshiba TEC Report Latest Financial Results
Toshiba reported net profits of ¥1.02 trillion ($9.16 billion) for the quarter, up from ¥50.33 billion a year before, as it received ¥966 billion in gains from the sale of the memory business.
Category: Toshiba
Sharp Cancels Share Sale
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Toshiba Reports Results for Fiscal Year
Toshiba’s memory-chip business brought in about 90 percent of Toshiba’s operating profit for the first six months of its fiscal year.
Stellar Fiscal Year for Toshiba TEC
Toshiba Tec’s other business group, its Retail Solutions group, recorded net sales of 324.5 billion yen, up 3.7 percent versus the previous fiscal year, and operating income of 17.3 billion yen, up 6.0 percent versus the previous fiscal year.
Toshiba Refutes Recent Rumors Concerning Pending Sale of Memory-Chip Business
The firm stated that multiple press reports on April 23 and 24 claim that Toshiba is considering cancelling sale of Toshiba Memory Corporation if the proposed sale isn’t approved by China’s anti-monopoly regulator.
Toshiba Completes Sale of Westinghouse to Brookfield
Advertisements Toshiba Corporation of Tokyo, Japan, announced today that it’s completed the sale of its holdings in Toshiba Nuclear Energy,...
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Sale of Toshiba’s Memory Business Delayed
Some investors have opposed the sale of Toshiba’s profitable memory-chip business, arguing that the $18 billion sale price is too low.
Toshiba Appoints Former Banker CEO in Drive to Rebuild Company
Toshiba’s board believes former banker can help its turnaround.
Profit up Sharply for Toshiba TEC, but Profit Padding at Subsidiary Reported
Toshiba TEC of Tokyo, Japan reported higher sales and net income amongst reports that subsidiaries may have padded profits.
Toshiba Expects Return to Profitability for Fiscal Year Ending Next Month
After suffering a tough financial stretch, Toshiba fortunately returns to profitabliliy.
Toshiba Finds Buyer for Westinghouse Nuclear-Power Business
In what appears to be good news for financially strapped Toshiba Corporation of Tokyo, Japan, U.S. News reports that Brookfield...
Toshiba Renews Copier/MFP Contract with LA Schools
Toshiba America Business Solutions reports that it’s renewed its existing agreement with the Los Angeles Unified School District (LAUSD), the...
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There was lots of interesting news this week, but perhaps what struck us the most was “activist” investor Carl Icahn’s...
Toshiba, Western Digital Settle, Sale of Memory Business to Proceed
Toshiba Corporation of Tokyo, Japan, reported today that it and its partner in Toshiba Memory Corporation, Western Digital, have entered...