Anybody have any thoughts on Toshiba? Will they survive or are they about done? Did some research and things are pretty ugly. Take a look.
Toshiba problems:
Sold memory chip business 2017
Sold Toshiba Medical Systems Corporation 2016
Sold Computer division to Sharp in 2019
Sold TV's 2017 to Compal
Had damaging Accounting Scandal 2015
Sold Image Sensor business to Sony 2015
2017-2018 US nuclear construction liabilities which bankrupted Westinghouse (owned by Toshiba)
Sold its semi-conductor business 2020
2012 Toshiba was accused of fixing the prices of LCD panels in the United States
2016 Japan Government Pension Fund Sues Toshiba Over Accounting Scandal
2017 Toshiba announced it was being sued by a group of foreign investors for JPY 43.9bn ($400m), the latest in a series of continued reverberations from the 2015 accounting scandal that rocked the company.
On 21 July 2015, CEO Hisao Tanaka announced his resignation amid an accounting scandal that he called "the most damaging event for our brand in the company's 140-year history". Profits had been inflated by $1.2 billion over the previous seven years.
2017 Toshiba sued again in 32nd claim tied to accounting scandal
Total damages sought from Japanese conglomerate climb to $1.2bn
2020 Toshiba has estimated its liabilities are greater than its assets by $5bn. This is due to its disastrous contracts to build US nuclear power stations through its now-bankrupt subsidiary Westinghouse Electric.
Toshiba problems:
Sold memory chip business 2017
Sold Toshiba Medical Systems Corporation 2016
Sold Computer division to Sharp in 2019
Sold TV's 2017 to Compal
Had damaging Accounting Scandal 2015
Sold Image Sensor business to Sony 2015
2017-2018 US nuclear construction liabilities which bankrupted Westinghouse (owned by Toshiba)
Sold its semi-conductor business 2020
2012 Toshiba was accused of fixing the prices of LCD panels in the United States
2016 Japan Government Pension Fund Sues Toshiba Over Accounting Scandal
2017 Toshiba announced it was being sued by a group of foreign investors for JPY 43.9bn ($400m), the latest in a series of continued reverberations from the 2015 accounting scandal that rocked the company.
On 21 July 2015, CEO Hisao Tanaka announced his resignation amid an accounting scandal that he called "the most damaging event for our brand in the company's 140-year history". Profits had been inflated by $1.2 billion over the previous seven years.
2017 Toshiba sued again in 32nd claim tied to accounting scandal
Total damages sought from Japanese conglomerate climb to $1.2bn
2020 Toshiba has estimated its liabilities are greater than its assets by $5bn. This is due to its disastrous contracts to build US nuclear power stations through its now-bankrupt subsidiary Westinghouse Electric.
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