Topic

Toshiba Corp

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

Published 03 Apr, 2023 06:36am

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

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

Published 27 Mar, 2023 07:33am

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

Toshiba reports 75% plunge in Q2 operating profit, cuts full-year outlook

Published 11 Nov, 2022 12:09pm

TOKYO: Japan’s Toshiba Corp on Friday reported a 75% slump in second-quarter operating profit and lowered its...

Buyout fund JIP submits $15bn Toshiba bid without bank backing: Nikkei

Published 08 Nov, 2022 05:56am

TOKYO: Private equity fund Japan Industrial Partners has submitted a bid to buy Toshiba Corp for around $15 billion...

Toshiba shares jump on report of possible $19bn buyout

Published 13 Oct, 2022 11:48am

TOKYO: Shares in Toshiba Corp on Thursday surged on a report that a domestic investor-led group was looking at a $19...

Toshiba board gains two directors from activist hedge funds

Published 28 Jun, 2022 11:13am

TOKYO: Toshiba Corp shareholders endorsed two board directors from activist hedge fund investors at its annual...

Bidders weigh offers valuing Toshiba at up to $22bn

Published 23 Jun, 2022 11:10am

TOKYO/HONG KONG: Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the...

Toshiba receives 10 investment proposals including eight to go private

Published 02 Jun, 2022 11:49am

TOKYO: Toshiba Corp said on Thursday it has received 10 investment proposals including 8 proposals to go private as...

Toshiba investors bet on private equity interest, shares jump

Published 01 Apr, 2022 11:43am

TOKYO: Investors sent Toshiba Corp shares sharply higher on Friday as they bet the Japanese conglomerate could...

Toshiba now plans to split into two, bumps up shareholder return targets

Published 08 Feb, 2022 06:10am

TOKYO: Toshiba Corp announced on Monday that it now aims to break up into two companies instead of three, while also...

Toshiba says has restarted some chip production at quake-hit plant

Published 26 Jan, 2022 12:41pm

TOKYO: Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita,...

Toshiba halts operations at chip plant after quake

Published 24 Jan, 2022 12:47pm

Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes...

As Toshiba investors carp, No. 2 shareholder urges EGM vote on break-up plan

Updated 06 Jan, 2022 11:55am

TOKYO: The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting,...

Toshiba says it will rectify over-reliance on government

Published 16 Dec, 2021 01:21pm

TOKYO: Toshiba Corp on Thursday pledged to rectify its over-reliance on administrative authorities after an...

Toshiba walked away from potential buyout talks and Brookfield offer

Published 06 Dec, 2021 12:55pm

TOKYO: Japan's Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, as ...

Toshiba needs 'prompt, appropriate' disclosure, TSE chief says

Published 05 Jul, 2021 10:25am

Hiromi Yamaji also told Reuters that activist investors - who have been in focus because of Toshiba

Tokyo's Nikkei closes marginally lower

Updated 28 Jun, 2021 11:52am

The benchmark Nikkei 225 index inched down 0.06 percent or 18.16 points to end at 29,048.02, while the broader Topix index advanced 0.15 percent or 3.02 points to 1,965.67.

Toshiba shareholders oust chairman

Published 26 Jun, 2021 03:24am

TOKYO: Toshiba Corp shareholders ousted the chairman of the board on Friday, delivering a powerful rebuke to the...

Toshiba board chairman fails to win reappointment in pivotal shareholder vote

Published 25 Jun, 2021 10:08am

But his critics argued he should step down to take responsibility for the board's resistance to a shareholder's call for an independent probe.

Toshiba wants to include two foreigners among new board, hold EGM

Published 14 Jun, 2021 11:45am

Osamu Nagayama made the comments at a news conference broadcast online, a day after the crisis-hit conglomerate.

Toshiba directors to hold emergency meeting on board reassignments

Published 12 Jun, 2021 05:54pm

The reassignment of director candidates for the audit, nominating and compensation committees follows an explosive shareholder-commissioned investigation that accused Toshiba and the government of colluding to pressure foreign investors.

Another leading Toshiba shareholder asks company to seek suitors

Updated 26 Apr, 2021 01:04pm

3D estimated Toshiba's fair stock value in excess of 6,500 yen, compared to Monday's closing price of 4,465 yen.

Toshiba decides against $20bn CVC proposal, says open to 'credible' offers

Published 20 Apr, 2021 06:04pm

CVC said stepping aside to await Toshiba guidance –Toshiba.
Toshiba says not enough detail to evaluate proposal.
Toshiba says open to credible offers.

Japan’s Topix slips

Published 20 Apr, 2021 04:00am

TOKYO: Japan’s Topix changed course to close lower on Monday, while the Nikkei ended little changed, as concerns...

Controversial Toshiba CEO steps down, shares jump on bidding war expectations

Published 14 Apr, 2021 04:44pm

Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chairman, will once again assume the helm.
The offer sparked a strong backlash from Toshiba managers, prompting them to lobby against it to the government, said one of the sources. The sources declined to be identified due to the sensitivity of the matter.

Farallon calls on Toshiba to seek other offers

Published 12 Apr, 2021 01:38pm

The fund is Toshiba's third-largest shareholder with a stake of around 6%.

Toshiba shareholders vote for probe in landmark win for Japan corporate governance

Published 18 Mar, 2021 10:41am

In a statement welcoming the result, Effissimo said independent investigators will have "a broad mandate" to examine last year's AGM, and Toshiba's directors and executives have a legal obligation to cooperate.

Proxy adviser ISS backs shareholder proposal for Toshiba investigation

Published 03 Mar, 2021 10:30am

Toshiba has been dogged by years of scandals including accounting misdeeds and a huge writedown for its US nuclear business that it eventually withdrew from.

US hedge fund Farallon accuses Toshiba of 'backpedaling' on strategy

Published 02 Mar, 2021 08:58pm

Toshiba said last month it had made no change in its policy on investment and shareholder returns. It says the issue is the result of a "misunderstanding" by the shareholder.
In its presentation regarding its call for an extraordinary meeting, Farallon said: "This shift in policy, and the apparent backpedaling, has led to further trust issues and concerns."

Top Toshiba shareholder renews call for probe over pressure on AGM vote

Published 24 Feb, 2021 01:35pm

"Even if the third party acted in isolation, does the Board not have any responsibility to protect its shareholders' rights?" the letter said.

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World
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Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 12	160.24
USD to Swiss Franc / Jun 12	0.80
Pound Sterling to USD / Jun 12	1.34
Euro to USD / Jun 12	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
India Sensex / Jun 12	75,527.95
Tokyo Nikkei / Jun 12	66,020.04
Nasdaq / Jun 12	25,888.84
Hang Seng / Jun 12	24,718.10
FTSE 100 / Jun 12	10,471.72
Dow Jones / Jun 12	51,202.26
Germany DAX 30 / Jun 12	24,635.30
France CAC40 / Jun 12	8,350.87

Item	Value
Crude Oil USD/Barrel / Jun 12	84.88
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Gold Spot USD/Ounce / Jun 12	4,219.33
Cotton US¢/pound / Jun 12	76.42
Petrol/Litre / Jun 14	373.78
Diesel/Litre / Jun 14	378.78

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

Toshiba Corp

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