Trends - Toshiba - Business Recorder

Toshiba

Toshiba prepares for $14bn deal to go private

TOKYO: Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth...

Published 07 Aug, 2023 02:53pm

Business & Finance

Toshiba board recommends shareholders support JIP-led $14bn buyout

TOKYO: Japan’s Toshiba Corp said on Thursday its board of directors has decided to recommend shareholders take up a...

Published 08 Jun, 2023 09:42am

Business & Finance

Toshiba posts 35pc decline in full-year net profit

TOKYO: Japanese conglomerate Toshiba on Friday said full-year net profit fell by more than a third due partly to ...

Published 15 May, 2023 06:41am

Business & Finance

$15bn scramble for Japan’s Toshiba went from bang to whimper

TOKYO: Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms....

Published 03 Apr, 2023 06:36am

Business & Finance

Toshiba says it will ‘support’ $15bn takeover bid

TOKYO: Troubled Japanese conglomerate Toshiba said Thursday it will “support” a $15 billion takeover bid by a...

Published 27 Mar, 2023 07:33am

Business & Finance

Fate of management at Japan’s Toshiba a cause of friction for bidders and banks

TOKYO: Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction...

Published 07 Nov, 2022 07:01am

Business & Finance

Toshiba in early talks with 10 potential buyout ‘partners’

TOKYO: Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going...

Published 16 May, 2022 05:42am

Business & Finance

Toshiba delays unveiling of board nominations for June meeting

TOKYO: Toshiba Corp said on Friday it has delayed announcements on board director nominations as it needs more time...

Published 13 May, 2022 09:46am

Business & Finance

Toshiba holds key shareholder vote on spin-off plan

TOKYO: Toshiba shareholders will vote Thursday on a plan to split the embattled Japanese conglomerate into two that...

Published 24 Mar, 2022 10:18am

Business & Finance

Toshiba unveils new plan to split into two companies

TOKYO: Japan's Toshiba on Monday announced plans to split into two companies, revising proposals to divide into ...

Published 07 Feb, 2022 09:28am

Business & Finance

Major Toshiba shareholder objects to break-up, urges board to solicit offers

TOKYO: Toshiba Corp’s second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to...

Published 25 Nov, 2021 03:53am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants — General Electric, Johnson & Johnson and Toshiba...

Published 15 Nov, 2021 04:55am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants - General Electric, Johnson & Johnson and Toshiba - this week announced plans to ...

Published 14 Nov, 2021 04:12am

Business & Finance

Toshiba to split into three firms

TOKYO: Storied Japanese conglomerate Toshiba will split into three companies, it said Friday, following a campaign ...

Published 13 Nov, 2021 04:08am

Business & Finance

Toshiba execs behaved unethically in pressuring overseas shareholders, report finds

TOKYO: Toshiba Corp executives including its former CEO behaved unethically, albeit not illegally, with respect to...

Published 12 Nov, 2021 09:34am

Business & Finance

Toshiba to split business

TOKYO: Toshiba plans to split into three companies as early as 2023, a report said Tuesday, after a series of crises...

Published 10 Nov, 2021 05:47am

Business & Finance

Toshiba to split business into three: report

TOKYO: Toshiba plans to split into three companies as early as 2023, a report said Tuesday, after a series of crises...

Updated 09 Nov, 2021 11:47am

Business & Finance

Toshiba says board has not yet decided on best strategic option

TOKYO: Toshiba Corp said on Wednesday its board has not yet decided on the most appropriate strategic option for the...

Published 08 Sep, 2021 11:19am

Markets

Nikkei ends flat

TOKYO: Japanese shares were flat on Thursday as uncertainty over domestic corporate earnings kept investors on the...

Published 25 Jun, 2021 04:20am

Business & Finance

Harvard wasn't pressured over Toshiba, former Japan adviser says

A spokesperson for HMC declined to comment for this article.

Published 23 Jun, 2021 09:51am

World

Toshiba apologises to shareholders after vote probe

TOKYO: Toshiba apologised to shareholders Monday and said it would remove two directors after a probe found the...

Published 15 Jun, 2021 03:30am

Markets

Japanese shares inch higher

TOKYO: Japanese shares rose on Monday as cyclicals such as tyre makers and shippers led gains on global recovery...

Published 15 Jun, 2021 03:30am

Business & Finance

Toshiba CEO resigns as buyout offer stirs turmoil

TOKYO: Toshiba’s CEO resigned on Wednesday as a buyout offer from a private equity fund stirs turmoil inside the...

Updated 15 Apr, 2021 10:08am

Business & Finance

Toshiba CEO to resign as buyout offer stirs turmoil: media

After sweeping restructuring, its earnings rebounded and it returned to the prestigious first section of the Tokyo Stock Exchange in January.

Published 14 Apr, 2021 10:43am

Business & Finance

Toshiba chairman issues cautious statement on CVC's take-private offer

The chairman of Toshiba Corp's board on Friday issued a cautious statement on CVC Capital Partners' recent offer to take the company private.

Published 09 Apr, 2021 09:25am

Markets

Tokyo stocks open lower in cautious trade

Hitachi was trading down 0.75 percent at 5,008 yen.

Published 08 Apr, 2021 09:49am

Markets

Markets waver but London boosted by Toshiba news

The news also partly buoyed Tokyo stocks as media reports suggested the deal could be worth about $20 billion (17 billion euros).

Published 07 Apr, 2021 04:43pm

Markets

Japanese shares end higher on bargain-hunting; Toshiba surges

Its peers Kawasaki Kisen advanced 4.04% and Mitsui OSK Lines climbed 2.62%.

Published 07 Apr, 2021 12:55pm

Technology

Toshiba to weigh buyout offer from UK fund

The move, if successful, would allow the firm to concentrate resources on renewable energies and other core businesses, the reports added.

Published 07 Apr, 2021 10:19am

Business & Finance

Toshiba sees Mizuho join BlackRock in building 5% stake

Toshiba, which is embroiled in a long-running row with activist shareholders including Singapore-based Effissimo, has said the return to the TSE's first section would lure buying from investors in stock indexes. Toshiba rejoined Japan's Topix index of top tier shares on Feb. 25.

Published 05 Mar, 2021 11:19am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.60 ▲ 0.68 (17.35%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.66 ▲ 0.47 (11.22%)
Aisha Steel(ConPS) / Dec 11 Aisha Steel(ConPS)(ASLPS)	8.99 ▲ 0.79 (9.63%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)
AEL Textile / Dec 11 AEL Textile Limited(AEL)	26.50 ▲ 1.85 (7.51%)
Burshane LPG / Dec 11 Burshane LPG (Pakistan) Limited(BPL)	22.47 ▲ 1.57 (7.51%)
Ghandhara Tyre / Dec 11 Ghandhara Tyre & Rubber Company Limited(GTYR)	44.69 ▲ 3.12 (7.51%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.93 ▼ -0.81 (-14.11%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
LSE Ventures / Dec 11 LSE Ventures Limited(LSEVL)	5 ▼ -0.49 (-8.93%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Olympia Mills / Dec 11 Olympia Mills Limited(OML)	14.80 ▼ -1.20 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	46.05 ▼ -3.39 (-6.86%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.18
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.35
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.47
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	53,133,000 ▲ 0.68
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.19
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.13
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	33,914,000 ▲ 0.44
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.03
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	32,419,653 ▼ -0.95

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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