The Business Times

Toshiba

Telcos, Media & Tech

Newly privatised Toshiba to cut 4,000 jobs in restructuring drive

FILE PHOTO: The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo
Companies & Markets

Toshiba to cut 5,000 jobs in latest bid to restructure

Under the plan presented to the banks, Kioxia expects to return to profit in the year to March 2025, seeing earnings of around 130 billion yen.
Telcos, Media & Tech

Bain proposes IPO of Japan’s Kioxia to clear way for US$5.8 billion loan refinance: source

FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato/File Photo
Companies & Markets

Toshiba to be delisted after 74 years, faces future with new owners

Toshiba will boost production capacity of silicon power devices at an upcoming plant in Ishikawa Prefecture.
International

Japan sets aside 129.4 billion yen for chipmakers Toshiba and Rohm

The deal puts Toshiba in domestic hands after years of battles with overseas activist shareholders.
Companies & Markets

Toshiba says US$14 billion takeover bid by JIP has succeeded

Toshiba has received a report from the buyer, a group led by Japan Industrial Partners (JIP), that the tender offer “is forecasted to be successful,” the company says
Telcos, Media & Tech

Toshiba says JIP's US$14 billion tender offer set to succeed

Singapore-based Effissimo makes the decision to tender its stake “as a result of dialogue with Toshiba and related parties including the tender offerer,” says the source.
Telcos, Media & Tech

Effissimo to sell Toshiba stake in JIP offer, source says

The Toshiba board initially says the 4,620 yen per share offer price is too low to recommend shareholders tender their shares, but later concludes the price is “fair” with no prospects of a higher offer or competing bid and unfavourable economic conditions.
Companies & Markets

JIP to launch 2 trillion yen tender offer for Toshiba on Tuesday

The purpose of the investment is to “participate in the privatisation of Toshiba and help to resolve their issues”, Rohm says.
Companies & Markets

Japan chipmaker Rohm to invest 100 billion yen in Toshiba buyout fund

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