Toshiba posts first quarterly operating loss in almost four years
Japanese industrial conglomerate Toshiba reported on Wednesday its first quarterly operating loss in nearly four years.
Japanese industrial conglomerate Toshiba reported on Wednesday its first quarterly operating loss in nearly four years.
Toshiba has said it was likely to report an operating loss for the April-June period, its first negative quarter in nearly four years, as it soaks up the impact of the coronavirus pandemic.
Japan's Toshiba has said it plans to sell down its 40.2 per cent stake in flash memory chips firm Kioxia Holdings and will return a majority of the net proceeds to shareholders.
Apple’s latest iPhones hit stores around the world on Friday, featuring components made by Intel and Toshiba among others.
The CEO of Toshiba Memory has brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public.
Toshiba has reported a record quarterly net profit thanks to the US$18 billion sale of its flash memory chip business earlier this year.
Synnex has been appointed as distributor of Toshiba hard drive products in Australia and New Zealand, amid a collaboration drive across the channel.
Sharp will buy Toshiba’s personal computer business for US$36 million, marking a return to a business it quit eight years ago.
Sharp is in talks to finalise a deal to buy Toshiba’s personal computer business for around US$45.7 million, amid plans to re-enter the PC market.
Toshiba has completed the US$18 billion sale of its chip unit to a consortium led by Bain Capital, with the Japanese tech giant repurchasing a substantial stake in the business.
Toshiba has said that China regulators have approved the US$18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.
A Hong Kong-based activist investment fund thinks the US$18 billion price tag on Toshiba's chip unit could be worth double its agreed price.
Toshiba could have more options for its chip unit after China said it was still reviewing a proposed US$18 billion acquisition by a Bain Capital-led consortium.
Toshiba expects sale of memory chip business to be completed by June at the latest, if not by the end of March.
Toshiba has named Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its next chairman and chief executive.