Tse's Decision To Remove Toshiba Shares From Watch List Seen As Too Soft

TSE's decision to remove Toshiba shares from watch list seen as too soft

The Tokyo Stock Exchange (TSE)'s decision on Oct. 11 to remove struggling Toshiba Corp. shares from its watch list partially puts an end to the firm's accounting scandal chapter -- which first came to light in 2015 -- but some still doubt that this move really wipes the slate clean.

Trust in the electronics giant has plummeted due to a spate of accounting scandals, and there remains skepticism over TSE's two-year screening process that led to its conclusion on Oct. 11. Furthermore, the company still faces the genuine risk of being delisted from the stock exchange, owing to excessive debts, thereby making it difficult to claim that Toshiba has put an end to its financial problems.

Apple-bain Consortium Acquires Toshiba Flash Memory Unit For $18 Billion

Apple-Bain Consortium Acquires Toshiba Flash Memory Unit for $18 Billion

Toshiba just announced that a deal has been reached to sell a part of its company responsible for making flash memory chips to a consortium of companies that include Bain Capital and Apple.

It’s no secret that Apple is getting its memory chips from Samsung, and the fact that only Samsung can provide a large enough quantity puts it in a very strong position. This is where the Toshiba transaction becomes really important, not just because of the huge sum of money involved, but because it changes who things work in the market.

Toshiba Seals Deal To Sell Chip Unit To Japan-u.s.-s. Korea Group

Toshiba seals deal to sell chip unit to Japan-U.S.-S. Korea group

Toshiba Corp. signed a deal Thursday to sell its chip unit to a Japanese-U.S.-South Korean consortium for 2 trillion yen ($17.8 billion), ending a prolonged bidding process and taking a major step toward restructuring.

The Japanese technology conglomerate announced last week it was selling Toshiba Memory Corp. to the consortium led by U.S. investment fund Bain Capital, rejecting a counterbid from its longtime partner Western Digital Corp.

Toshiba Unable To Seal Chip Unit Sale Deal At Board Meeting

Toshiba unable to seal chip unit sale deal at board meeting

TOKYO (Kyodo) -- Toshiba Corp. on Thursday missed a deadline set by its creditors to sign an agreement for the sale of its profitable chip unit by the end of August after aiming to seal a deal with a Western Digital Corp. group, saying it is still in talks with two other consortia.

Toshiba had been aiming to make a final decision at a board meeting held Thursday to clinch a deal with the Western Digital group as it reached a broad accord on the chip unit sale with the U.S. firm, which has jointly invested in Toshiba's Yokkaichi flash memory plant in central Japan. But it decided to discuss other competing bids as well at the last minute.

Toshiba To Give Western Digital Exclusive Negotiation Rights On Chip Unit Sale

Toshiba to give Western Digital exclusive negotiation rights on chip unit sale

Toshiba Corp. finalized its decision to give exclusive negotiation rights to a U.S.-Japan consortium led by joint-investor Western Digital Corp. for the sellout of its chip unit Toshiba Memory Corp. The decision is to be approved at a board meeting on Aug. 31.

The fine details of the sale, such as the degree of management power awarded to Western Digital over the unit, will be discussed with the goal of reaching a final agreement by mid-September.

Rugby: Ntt Comms Dial The Right Number To Beat Toshiba

Rugby: NTT Comms dial the right number to beat Toshiba

NTT Communications Shining Arcs picked up their first win of the new Japan Rugby Top League season Friday thanks to a not-so-modern form of communication, some old fashioned brute force and some sublime handling.

The introduction of a mobile phone to the field to help referee Kyosuke Toda communicate with the TMO and a huge hit from Amanaki Lelei Mafi saw the Shining Arcs score two unanswered tries in the final 23 minutes as they beat Toshiba Brave Lupus 25-14 at Prince Chichibu Memorial Rugby Ground.

Toshiba Drastically Changes Stance Over Semiconductor Unit Sale

Toshiba drastically changes stance over semiconductor unit sale

With struggling electronics giant Toshiba Corp. shifting toward selling its lucrative semiconductor unit to a group led by Western Digital Corp. -- despite months of conflict between the two firms -- the obvious question is, why has Toshiba drastically changed its stance?

The answer, it appears, is that unless the two companies put aside their differences, then Toshiba faces the real problem of not being able to sell the unit by the end of March 2018, which would leave the firm burdened with excessive debts that cannot be written off.

Rugby: Toshiba Top Nec In Rare Weather Delayed Game

Rugby: Toshiba top NEC in rare weather delayed game

The Toshiba Brave Lupus juggernaut took the first step toward getting back on track as they opened their new Japan Rugby Top League season Saturday with a 20-0 win over NEC Green Rockets.

To do so, however, Toshiba had to withstand a rare delay to proceedings on the way as a violent thunder and lightning storm hit Tokyo. Fans at Prince Chichibu Memorial Rugby Ground were told to leave the open stands and the players remained in the changing sheds as the halftime break was extended to 90 minutes before it was deemed safe to return.

Toshiba Shares Demoted To Tokyo Exchange's 2nd Section

Toshiba shares demoted to Tokyo exchange's 2nd section

TOKYO (Kyodo) -- Toshiba Corp. shares were demoted Tuesday from the First to the Second Section of the Tokyo Stock Exchange after the company's liabilities exceeded its assets in the year ended in March.

Toshiba failed to meet the bourse's listing standards as the Japanese conglomerate incurred the negative net worth due to huge losses from its U.S. nuclear business. Its shares will be delisted automatically unless it eliminates its negative net worth by next March.

Toshiba Ordered To Allow Western Digital's Access To Jv Database

Toshiba ordered to allow Western Digital's access to JV database

A U.S. court on Tuesday ordered Toshiba Corp. to stop blocking Western Digital Corp.'s access to databases of their chip joint venture, as the business partners continued a dispute over the Japanese company's plan to sell its memory unit.

The temporary order by San Francisco County Superior Court comes after Toshiba blocked Western Digital's access to chip development data in their joint operations last month.

Toshiba Launches New Series Of Enterprise Performance 2.5-inch Hard Disk Drives - Fareastgizmos

Toshiba launches new series of enterprise performance 2.5-inch hard disk drives - FareastgizmosToshiba today announced the launch of AL14SX Series, new additions to its line-up of enterprise performance hard disk drives (HDD) for mission critical server and storage applications. The AL14SX Series of 15,000RPM 2.5-inch drives features a 12Gbit/s SAS interface. Available models are 4K native (4Kn) model and 512 emulation (512e) model that feature Advanced Format Sector Technologies, and 512 native (512n) model optimized for legacy applications and hypervisor environments. The AL14SX Series delivers a suitable choice for customers' diverse applications.

The AL14SX Series is available in 300GB, 600GB and 900GB capacities. The 900GBmodel offers a 50% increase in maximum capacity from the 600GB of the predecessor AL13SX Series. The 4Kn and 512e models also delivers an approximately 19% increase in sustained data rate, pushing it to 290MiB/s and an approximately 28.7% improvement in power efficiency (W/GB). Sample shipments start today.

Toshiba 100kw Pure Hydrogen Fuel Cell System To Provide Clean Energy

Toshiba 100kW Pure Hydrogen Fuel Cell System to provide clean energy to Tokyu REI hotel in KawasakiToshiba will supply a 100kW Pure Hydrogen Fuel Cell System to Tokyo-based chemical company- Showa Denko. Hydrogen to fuel the system will be extracted from recycled used plastics by Showa Denko, and the fuel cell will help to meet the energy needs of a new Tokyu REI hotel under construction in Kawasaki, Kanagawa prefecture. Hot water cogenerated with the electricity will also be utilized in the hotel, which is scheduled to open in spring 2018.

Toshiba Regains Stake In Chip Jv To Pressure Western Digital

Toshiba regains stake in chip JV to pressure Western Digital

Toshiba Corp. has taken back a majority stake in a joint chip production venture with Western Digital Corp. from its chip unit which the Japanese conglomerate plans to sell off, after the U.S. company took legal action last month to block the sale, sources close to the matter said Wednesday.

Toshiba retook the 50.1 percent stake in the joint venture that it transferred to Toshiba Memory Corp. after it was spun off from the parent company. Western Digital owns the remainder.

Toshiba Reports Massive Loss For Year Over Westinghouse Woes

Toshiba reports massive loss for year over Westinghouse woes

TOKYO (AP) -- Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March.

The Japanese electronics giant's results have failed to win auditors' approval from the previous quarter, after questions were raised over the acquisition of U.S. nuclear construction company CB&I Stone and Webster.