Trends - Toshiba Corp - Business Recorder

Toshiba Corp

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

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

Published 11 Nov, 2022 12:09pm

Markets

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

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

Published 08 Nov, 2022 05:56am

Business & Finance

Toshiba shares jump on report of possible $19bn buyout

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

Published 13 Oct, 2022 11:48am

Business & Finance

Toshiba board gains two directors from activist hedge funds

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

Published 28 Jun, 2022 11:13am

Business & Finance

Bidders weigh offers valuing Toshiba at up to $22bn

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

Published 23 Jun, 2022 11:10am

Business & Finance

Toshiba receives 10 investment proposals including eight to go private

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

Published 02 Jun, 2022 11:49am

Business & Finance

Toshiba investors bet on private equity interest, shares jump

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

Published 01 Apr, 2022 11:43am

Business & Finance

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

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

Published 08 Feb, 2022 06:10am

Business & Finance

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

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

Published 26 Jan, 2022 12:41pm

Markets

Toshiba halts operations at chip plant after quake

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

Published 24 Jan, 2022 12:47pm

Business & Finance

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

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

Updated 06 Jan, 2022 11:55am

Business & Finance

Toshiba says it will rectify over-reliance on government

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

Published 16 Dec, 2021 01:21pm

Business & Finance

Toshiba walked away from potential buyout talks and Brookfield offer

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

Published 06 Dec, 2021 12:55pm

Business & Finance

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

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

Published 05 Jul, 2021 10:25am

Markets

Tokyo's Nikkei closes marginally lower

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.

Updated 28 Jun, 2021 11:52am

Toshiba shareholders oust chairman

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

Published 26 Jun, 2021 03:24am

Business & Finance

Toshiba board chairman fails to win reappointment in pivotal shareholder vote

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.

Published 25 Jun, 2021 10:08am

Business & Finance

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

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

Published 14 Jun, 2021 11:45am

Business & Finance

Toshiba directors to hold emergency meeting on board reassignments

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.

Published 12 Jun, 2021 05:54pm

Business & Finance

Another leading Toshiba shareholder asks company to seek suitors

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

Updated 26 Apr, 2021 01:04pm

Business & Finance

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

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

Published 20 Apr, 2021 06:04pm

Markets

Japan’s Topix slips

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

Published 20 Apr, 2021 04:00am

Business & Finance

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

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.

Published 14 Apr, 2021 04:44pm

Markets

Farallon calls on Toshiba to seek other offers

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

Published 12 Apr, 2021 01:38pm

Business & Finance

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

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.

Published 18 Mar, 2021 10:41am

Business & Finance

Proxy adviser ISS backs shareholder proposal for Toshiba investigation

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.

Published 03 Mar, 2021 10:30am

Business & Finance

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

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."

Published 02 Mar, 2021 08:58pm

Business & Finance

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

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

Published 24 Feb, 2021 01:35pm

Business & Finance

Toshiba says no evidence it pressured Harvard over AGM vote

The Japanese conglomerate also said it had concluded there was no need to launch a third-party committee, demanded by its top shareholder Effissimo Capital Management, to investigate if the firm's AGM in July was conducted fairly.
On Wednesday, Toshiba said it opposed both proposals and advised other shareholders to vote against them.

Published 17 Feb, 2021 07:18pm

Business & Finance

Toshiba's Q3 profit doubles, extraordinary meeting set for March 18

The Japanese industrial conglomerate also said it would hold an extraordinary shareholders meeting on March 18, as demanded by two large shareholders over governance-related issues.

Published 12 Feb, 2021 10:16am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jan 29 786 Investments Limited(786)	4.70 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 29 Al-Abbas Sugar Mills Limited(AABS)	377 ▼ 0.00 (0.00%)
Agro Allianz / Jan 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jan 29 Allied Bank Limited(ABL)	65 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 29 Abbott Laboratories (Pakistan) Limited(ABOT)	348.44 ▼ 0.00 (0.00%)
Abson Ind. / Jan 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jan 29 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Jan 29 Attock Cement Pakistan Limited(ACPL)	55.56 ▼ 0.00 (0.00%)

Stock	Volume
Pak Refinery / Jan 29 Pakistan Refinery Limited(PRL)	14,225,354 ▼ 0.00
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	13,167,971 ▼ 0.00
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	12,526,831 ▼ 0.00
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	9,891,019 ▼ 0.00
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	9,686,092 ▼ 0.00
Hub Power Co. / Jan 29 The Hub Power Company Limited(HUBC)	8,819,700 ▼ 0.00
Habib Bank / Jan 29 Habib Bank Limited(HBL)	8,556,359 ▼ 0.00
Engro Polymer / Jan 29 Engro Polymer & Chemicals Limited(EPCL)	6,713,796 ▼ 0.00
Maple Leaf Cement / Jan 29 Maple Leaf Cement Factory Limited(MLCF)	5,509,833 ▼ 0.00
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	5,393,473 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	265
USD PKR Interbank Buying / Jan 27	263
USD to Japanese Yen / Jan 27	129.88
USD to Swiss Franc / Jan 27	0.92
Pound Sterling to USD / Jan 27	1.24
Euro to USD / Jan 27	1.09
UK LIBOR % / Jan 27	4.31

Stock	Volume
S&P 500 / Jan 27	4070.56
India Sensex / Jan 27	59330.90
Tokyo Nikkei / Jan 27	27382.56
Nasdaq / Jan 27	11621.71
Hang Seng / Jan 27	22688.90
FTSE 100 / Jan 27	7765.15
Dow Jones / Jan 27	33978.08
Germany DAX 30 / Jan 27	15150.03
France CAC40 / Jan 27	7097.21

Item	Value
Crude Oil USD/Barrel / Jan 27	79.68
Karachi Cotton PKR/37.32 KG / Jan 27	20235
Gold 10 Grams PKR / Jan 27	173610
Gold Spot USD/Ounce / Jan 27	1928.04
Cotton US¢/pound / Jan 27	86.89

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