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  1. #1
    Master Technical Support best-tech's Avatar
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    Toshiba, will they survive?

    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.

  2. #2
    Service Manager 2,500+ Posts
    Toshiba, will they survive?

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    Re: Toshiba, will they survive?

    .... Toshiba Corp owns 49.9% of Toshiba Tec Corporation.

    Toshiba Tec manufacturers copiers and Point of Sale Systems with world #1 market share (formerly IBM) .

    Toshiba Tec, an independent corporation, owns 50.1% of its shares and recently posted it's March 30 2021 financials showing a remarkable turnaround from its pandemic lows and a return to profitability.

    In many ways, Toshiba Tec is better positioned than many of its rivals to succeed far into the future.

    Many people are confused in thinking that Toshiba Corp owns the Toshiba Tec copier business which it divested over a decade ago.

    Toshiba Corp still owns controlling interest in its memory business now know as Kioxia. With global demand far outstripping supply for microchips and memory, profits are well above estimates.

  3. #3
    Service Manager 2,500+ Posts
    Toshiba, will they survive?

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    Re: Toshiba, will they survive?

    Toshiba returns to net profit, welcomes 'credible' buyout offers

    By Natsuko FUKUE
    Tokyo (AFP) May 14, 2021

    Toshiba on Friday announced a return to an annual net profit and stressed it would consider "credible" buyout offers, after a proposal from a private equity fund stirred turmoil within the storied Japanese firm.


    The conglomerate -- once a shining symbol of Japan's advanced technology and economic power -- has been rocked by turbulence, facing scandals and losses before staging a recovery.


    It rejoined the prestigious first section of the Tokyo Stock Exchange in January after sweeping restructuring and on Friday logged a net profit of 114.0 billion yen ($1.0 billion) for 2020-21, beating its target.


    "In Japan, though the pandemic has suppressed consumer spending, capital investment has been improving and exports have increased," the firm said.



  4. #4
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    Re: Toshiba, will they survive?

    I'm a believer in Marketing. I know marketing is the heart of business. If you are not closing sales then you will start closing the doors. Then if your products get more customers then doors start opening.
    What Toshiba should do for now is to try to sole the way they market their products. Generate enough income to support all their financial leverage and things will fall into place.

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