Toshiba Archives - CFO

Toshiba Goes GE With Three-Way Split

Toshiba Goes GE With Three-Way Split

The separation of the Japanese conglomerate into three businesses "will unlock immense value by removing complexity."

By Matthew Heller | November 12, 2021

Canon, Toshiba Fined Over Antitrust Violations

Risk & Compliance

Canon, Toshiba Fined Over Antitrust Violations

The companies allegedly structured a deal so it would not be delayed by U.S. pre-merger notification laws.

By Matthew Heller | June 11, 2019

Toshiba Reveals Plan to Cut 7,000 Jobs

Human Capital & Careers

Toshiba Reveals Plan to Cut 7,000 Jobs

The company also says it will buy back 40% of its outstanding shares.

By William Sprouse | November 9, 2018

Toshiba Sells PC Business to Sharp

Toshiba Sells PC Business to Sharp

The deal signals Sharp’s reentry into PCs, a business it abandoned in 2010.

By William Sprouse | June 5, 2018

Bankrupt Westinghouse Makes Acting CFO Permanent

Bankrupt Westinghouse Makes Acting CFO Permanent

The company sought higher pay from the U.S. Bankruptcy Court for the acting finance chief and his boss.

By David Katz | October 25, 2017

Toshiba Issues ‘Going Concern’ Warning

Toshiba Issues ‘Going Concern’ Warning

The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."

By Matthew Heller | April 11, 2017

Toshiba Nuclear Power Unit Files Chapter 11

Corporate Finance

Toshiba Nuclear Power Unit Files Chapter 11

Cost overruns at Westinghouse Electric power plants have contributed to Toshiba's financial woes, forcing a $6.3 billion writedown.

By Matthew Heller | March 29, 2017

S&P Downgrades Toshiba Debt Ratings Again

S&P Downgrades Toshiba Debt Ratings Again

The credit rating agency warns of "a growing likelihood that Toshiba will become unable to fulfill its financial obligations in a timely manner."

By Matthew Heller | March 17, 2017

$6 Billion Writedown Adds to Toshiba Turmoil

Growth Companies

$6 Billion Writedown Adds to Toshiba Turmoil

The losses from Toshiba power projects "could topple a company whose roots go back to 1875, the dawn of Japan’s modern era."

By Matthew Heller | February 14, 2017

Toshiba to Sell Stake in Memory Chip Business

Toshiba to Sell Stake in Memory Chip Business

The beleaguered company needs cash to offset an imminent writedown that Japanese media have estimated at $6 billion.

By Matthew Heller | January 27, 2017

Toshiba to Take Writedown on Nuclear Deal

Growth Companies

Toshiba to Take Writedown on Nuclear Deal

The potential hit of several billion dollars "may further undermine confidence in company management" after its accounting scandal.

By Matthew Heller | December 27, 2016

Toshiba to Write Down Nuclear Business by $2.3B

Corporate Finance

Toshiba to Write Down Nuclear Business by $2.3B

Analysts had long expected the big decrease in the operation's goodwill.

By Katie Kuehner-Hebert | April 26, 2016

Canon Takes Lead in Bidding War for Toshiba Unit

Canon Takes Lead in Bidding War for Toshiba Unit

Toshiba reportedly granted Canon preferential negotiating rights after it offered $6 billion for Toshiba's medical equipment business.

By Katie Kuehner-Hebert | March 9, 2016

With Scandal Costs Rising,Toshiba to Seek Second Credit Line

With Scandal Costs Rising,Toshiba to Seek Second Credit Line

The added debt is needed to pay for thousands of job cuts and the overhaul of the businesses that make televisions and personal computers.

By Katie Kuehner-Hebert | December 29, 2015

Toshiba to Post Record Net Loss, Cut Jobs

Toshiba to Post Record Net Loss, Cut Jobs

In the wake of an accounting scandal, Toshiba is restructuring to focus on semiconductors and nuclear energy.

By Katie Kuehner-Hebert | December 21, 2015