Tagged With "Toshiba"

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Re: Toshiba Tec subsidiary padded profits

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Interesting, Toshiba Tec manufacturers the Toshiba brand of copiers.
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Canon to step up repayment of acquisition debt

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Canon to step up repayment of acquisition debt $1.8bn set aside for 2018 on brisk earnings TOKYO -- Canon will pay back more interest-bearing debt this year to improve its financial standing following the 2016 acquisition of a medical equipment business from Toshiba . Repayment will double from 2017 levels to around 200 billion yen ($1.79 billion) in light of strong earnings last year, with an aim of whittling down borrowings from parties including Bank of Tokyo-Mitsubishi UFJ. Canon...
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Cracks appearing among Toshiba creditors

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TOKYO -- Growing mistrust and frustration among regional banks is adding another layer of uncertainty to Toshiba 's future, as smaller lenders protest what they see as favorable treatment of major banks, forcing the company to redraw its refinancing timetable. Toshiba, in the midst of a deep financial crisis, has offered creditors fresh collateral as an incentive to roll over existing lines of credit. The Tokyo-based company's plan would put up shares in Toshiba Memory, a new unit to be...
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China officials reportedly concerned with Hynix role in Toshiba memory chip deal

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BEIJING – Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, according to sources. The officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the sources, who asked to remain anonymous as they weren’t authorized to speak on the matter, said. From Toshiba’s side, they may need to...
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China refuses to approve SK hynix-Toshiba deal

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By Kim Yoo-chul In the latest standoff over attempts to purchase Toshiba's NAND flash memory chip business pursued by a Korea-Japan-U.S. consortium, China's regulators are seeking more protections for Chinese companies before approving the proposed purchase of the Toshiba unit. That may jeopardize the consortium's mega bid to close the deal, sources familiar with the issue told The Korea Times by telephone, Monday. "They were saying the consortium's proposed purchase of Toshiba's NAND chip...
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China regulators open antitrust probe of Toshiba deal -newspaper

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Dec 14 (Reuters) - Chinese regulators have opened an antitrust investigation into Toshiba Corp’s $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba’s leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Chinese regulators started their review earlier this month, despite the fact that Toshiba had applied for it in September, when it reached a deal...
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China’s Antitrust Officials Concerned Hynix Will Take Larger Stake in Toshiba Chip Sale

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According to sources that are close to the issue, antitrust officials in China’s Ministry of Commerce are currently investigating the role that South Korea’s Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business. The antitrust officials are concerned as they are currently reviewing the deal. Chinese officials are currently investigating the fact that the South Korean company will do away with a large stake in the business if Toshiba’s memory chip unit sell goes ahead. This...
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Copier Industry News & Updates

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Toshiba financial issues update – Toshiba announced that it fired the chairman of its nuclear division, Danny Roderick, two days before the division filed for bankruptcy o Replaced by Mamoru Hatazawa o Company announced it is investigating whether executives sought to influence accounting practices in the division – Claims that at least 10 companies are bidding to buy Toshiba’s flash memory chip manufacturing business to raise cash o Sale of the division may not come in time for the next...
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Embattled Toshiba hits a new hurdle as talks with Bain stall

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Tokyo/San Francisco — Toshiba’s talks to sell its chips business to a consortium led by Bain Capital hit an impasse over the timing of payments for the business and governance issues, according to people familiar with the matter. The new hurdle casts doubt on the company’s ability to complete a deal quickly. The Bain group wants to make cash payments after Toshiba resolves a legal dispute with partner Western Digital, while Toshiba wants the money earlier, said the people, asking not to be...
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Former Toshiba America Business Solutions CEO Mark Mathews Named President of 3D Printer

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Mark Mathews, the former president and CEO of Toshiba America Business Solutions, Inc., has been named president of Airwolf 3D, a two year-old, privately-held designer, manufacturer and distributor of high-performance 3D printers.   Reporting...
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Foxconn Says Apple, Amazon to Join Its Bid for Toshiba Chip Business: Nikkei

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TOKYO — Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday. The two U.S. technology giants plan to "chip in funds", Gou said, according the interview with the newspaper. It was not immediately clear if this would take the form of a direct investment in the semiconductor unit or would be financing for the deal. Taiwan's Foxconn, formally known as Hon Hai Precision...
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Detroit Tigers Select Toshiba Official Copier Provider     

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IRVINE, Calif.--( BUSINESS WIRE )-- Toshiba America Business Solutions today announced it is now the official copier provider of the Detroit Tigers. The Tigers are utilizing Toshiba's industry-recognized e-STUDIO ™ multifunction printers (MFPs) within the club's downtown Detroit Comerica Park home to support the team's efforts on and off the diamond. “We are thrilled with the partnership we have with Toshiba” Tweet this Toshiba's fleet of e-STUDIO products deliver a comprehensive array of...
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InfoComm - Toshiba Announces Plans to Market Complete Commercial and Professional Display Solutions for the U.S. Market

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ORLANDO, Fla.--InfoComm, Orange County Convention Center Booth #3721 - Toshiba's Digital Products Division (DPD), a division of Toshiba America Information Systems, today announced its plans to focus on the commercial display solutions market in the U.S. in 2015. The business will leverage Toshiba's decades of expertise in innovative display technologies to aggressively expand into this market. Toshiba will be working with select premiere distribution partners to initially target the retail,...
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How Toshiba Lost $6 Billion

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Since its founding in 1873 as Japan’s first maker of telegraph equipment, Toshiba has survived a litany of challenges, from the Great Kanto earthquake of 1923, to having its factories bombed into rubble during World War II, to the drubbing of the Zune music player it co-developed with Microsoft. Now the conglomerate may be undone by four nuclear power plants under construction in the American South. Blown deadlines and budgets at the reactors in Georgia and South Carolina overseen by...
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Here’s Why Toshiba Shares Are Tanking Yet Again

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Toshiba asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off , sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. The TVs-to-construction Japanese conglomerate expects to book a net loss of about $9 billion for the year ended March, due to a writedown related to cost overruns at its U.S. nuclear unit Westinghouse that recently went bankrupt. Toshiba has put up most or even...
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Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

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TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp ( 6502.T ) has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A reporter raises his hand for a question during a news conference at the Toshiba Corp company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato/File Photo Argyle Street Management Ltd,...
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It ain’t over til it’s over – and WD’s spat with Toshiba is far from over …

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In a recent blog on the sale by Toshiba of its memory operations, I noted that the shadow of Western Digital (WD) was looming over the deal. 'Let’s just say the memory company isn’t happy’, I suggested. Confirmation of that has arrived in the shape of a Q&A posted on WD’s website. The document leaves no doubt that WD – which acquired SanDisk in a $19billion deal last year – isn’t going to go quietly. Even before Toshiba announced the deal with the Bain-SK Hynix consortium, it had started...
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It's The End of Toshiba As You Know It

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Japan’s Toshiba Corp said Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal , in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job cuts spanning the entire PC-to-nuclear company could be over 10,000 including previously announced cuts and those seeking voluntary early retirement.
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ITsavvy Announces Partnership with Toshiba for Multifunction Printers and Copiers

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ADDISON, Ill. (PRWEB) August 28, 2013 ITsavvy just announced that it has partnered with Toshiba to provide the latest, most cost-effective multifunction printers (MFPs) and copiers . The collaboration will power the expansion of savvyPrint, ITsavvy’s trademarked managed print service and complement the world-class line of MFPs and copiers ITsavvy already has in place. This means a broader print product and service offering for the company’s clients. “This partnership will allow us to bring...
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Japan court hears Toshiba, Western Digital fight on sale

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FILE- In this Aug. 10, 2017 file photo, Toshiba Corp. President Satoshi Tsunakawa speaks during a press conference at the company's headquarters in Tokyo. The feud between Toshiba Corp. and its U.S. joint-venture partner Western Digital over a planned sale of Toshiba’s lucrative flash-memory unit is being aired at a Tokyo court. At the first hearing of the case Wednesday, Nov. 29, 2017, Toshiba’s lawyers demanded 120 billion yen ($1.1 billion) in damages from Western Digital for allegedly...
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Japan government-backed fund proposes buying Toshiba's white goods unit: Yomiuri

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A fund backed by the Japanese government has proposed buying Toshiba Corp's ( 6502.T ) electric appliances business, the Yomiuri newspaper reported. The Yomiuri, citing unnamed sources, said the Innovation Network Corp of Japan would make a 100 percent investment after Toshiba split off the business.  read more here
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Japan may block Toshiba sale to firm with China ties

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Japanese daily the Mainichi reports that national security concerns are being raised surrounding the sale of Toshiba’s proposed semiconductor company. Toshiba is in desperate need of cash, following massive losses from its US nuclear power business, but they may face obstacles for this sale that involves sensitive technology. One bidder, Taiwan’s Hon Hai Precision Industry Co, has raised concerns because of its ties to China. read more here
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Japan’s Government Has No Plans to Come Save Toshiba

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The Japanese government is not considering steps to support embattled conglomerate Toshiba ( tosbf ) , Chief Cabinet Secretary Yoshihide Suga said on Friday. Toshiba this week missed submitting audited third-quarter earnings for a second time and said it would consider selling a majority stake in the Westinghouse nuclear unit at the center of its financial troubles. http://fortune.com/2017/03/17/toshiba-westinghouse-sale-japan/
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Japan's GPIF Pension Fund Sues Toshiba Auditor Over Investment Losses

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TOKYO (Reuters) - Japan's giant Government Investment Pension Fund (GPIF) has sued the local affiliate of global accounting firm Ernst & Young, claiming $31 million for losses on investments in Toshiba Corp stemming from the conglomerate's accounting scandal in 2015. Toshiba has been on the Tokyo Stock Exchange's supervision list since mid-March as it has failed to clear up concerns about its internal controls after the $1.3 billion accounting scandal. That scandal preceded the crisis...
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Japan's struggling Toshiba logs $436 mn loss in first half

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Troubled Japanese conglomerate Toshiba said today it logged a net loss of $436 million for the fiscal first half, as it moves to complete a multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the deal to sell the chip unit to a consortium led by Bain Capital. http://www.moneycontrol.com/news/world/international-results/japans-struggling-toshiba-logs-436-mn-loss-in-first-half-2433707.html
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Japan's Toshiba Secures $6 Billion in Credit Lines: Nikkei

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(Reuters) - Embattled Japanese conglomerate Toshiba Corp used shares in its divested flash memory unit to secure a credit of 680 billion yen ($6 billion) from major banks, Nikkei news agency reported on Friday. Lenders helped Toshiba by providing a way for the company to borrow funds by leaving share certificates with the banks, instead of pledging actual shares as collateral, Nikkei said. The banks had confirmed that the workaround would not pose any legal problems, giving the arrangement...
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Japan's Toshiba unveils affiliate's accounting misconduct

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TOKYO, Dec. 26 (Xinhua) -- Japan's Toshiba Corp. said Tuesday that it had discovered accounting misconduct in one of its affiliates. Toshiba Infrastructure Systems & Solutions Corp., an affiliate of Toshiba Corp. that conducts electrical installation work, was found attempting to cover losses of a money-losing project by attributing its expenses to another profitable business. The misconduct, lasting for four years through September 2017, involved a total amount of some 95 million yen...
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Japanese investment fund, U.S. equity firm to make joint bid for Toshiba Memory

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State-backed investment fund Innovation Network Corporation of Japan (INCJ) and American private equity firm Kohlberg Kravis Roberts & Co (KKR) plan to make a joint bid for Toshiba Corp's semiconductor memory unit, it has been learned. Initially, a "Japanese federation" consisting of major Japanese companies aimed to bid for the unit, but with firms in the federation continuing to express difficulties over the provision of a meaningful capital injection, the fund-driven model involving...
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Little progress seen in Toshiba probe

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The Yomiuri Shimbun Eighteen months have passed since the Securities and Exchange Surveillance Commission launched an investigation aimed at filing a criminal complaint against three consecutive presidents of Toshiba Corp. over the company’s accounting irregularities. Prosecutors believe it is difficult to pursue the criminal responsibility of the former presidents, but the commission’s investigation has been unusually prolonged. The difference in opinion between the commission and...
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Loma Terrace wins free Eco-friendly copy machine from Toshiba

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Loma Terrace Elementary School was named one of 250 schools across the country to win a free eco-friendly color copy machine from Toshiba America Business Solutions. The new machine will help Loma Terrace reduce its carbon footprint, reduce waste, save money on printer-related costs, all while teaching students the importance of being environmentally friendly. The school is one of two winners in the El Paso region to have the new system donated. This prize is another example of the...
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Leads, Do you get them?

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It's been awhile since I got a manufactures lead for my territory in which the dealership I work for is Authorized.  Matter of fact it's been more than seven months!  How is everyone else doing with leads from the likes of Ricoh, Xerox,...
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Rift with auditor puts Toshiba at risk of delisting

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TOKYO -- As a Toshiba in crisis continues to butt heads with an auditing firm over an investigation into Westinghouse Electric, investors fear the conglomerate's possible eviction from the Tokyo Stock Exchange. Auditors look at earnings reports as well as accounting-related internal controls. Their opinions serve as a guarantee to markets that the financial statements in question can -- or cannot -- be trusted. read more here
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Sharp weighs bid for Toshiba's struggling PC business

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OSAKA -- Electronics maker Sharp is reportedly considering a bid to purchase Toshiba 's money-losing personal computer business, aiming to get back into the PC market with help from Apple assembler and Taiwanese parent Foxconn. Read the rest here
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School board debates copier leases

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19 hours ago • By Curt Nettinga (0) Comments HOT SPRINGS – A lengthy agenda gave way to substantial discussion regarding a copier lease contract, at the June 6 meeting of the Hot Springs School Board. The school board issued a Request for Proposal (RFP) earlier this spring, and received quotes from two different businesses – Century Business Products and A&E Business, for a three-year lease of copiers, maintenance and training in the school’s elementary, middle and high schools, as well...
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Scan2Anywhere?

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For lack of a better name, I'll call it scan2anywhere and what I mean is that you can browse all of the shared file folders on the server from the copier MFP panel.   This is not a standard option on the Ricoh's, we need to add Global Scan. ...
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Toshiba Color Multifunction Products Secure Cerner Certification for Use Within Healthcare

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Toshiba Color Multifunction Products Secure Cerner Certification for Use Within Healthcare January 29th, 2014 A Dozen of Company’s Color MFPs Approved for all Healthcare Environments Implementing Cerner’s Millennium Application IRVINE, Calif. (Jan. 29, 2014)—Toshiba America Business Solutions, Inc., a leading managed print services (MPS) provider and business printing solutions innovator, today announces that 12 of its e-STUDIO color multifunction products (MFPs) have achieved Cerner...
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Toshiba Companies Join Forces for LEAD 2017 Conference in Orlando

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Toshiba Companies Join Forces for LEAD 2017 Conference in Orlando Combined Reseller and End User Event Promises to Captivate May 02, 2017 08:00 AM Eastern Daylight Time ORLANDO, Fla.--( BUSINESS WIRE )-- Toshiba America Business Solutions and Toshiba Global Commerce Solutions again team up to host reseller and end user event, 2017 LEAD (Learn Engage Act Deliver), May 2-5 at the Swan and Dolphin Resort in Orlando, Florida. The two Toshiba companies collaborated during last year's award-...
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Toshiba Completes $3 Million Strategic Investment in Zadara Storage

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Companies identify and are pursuing mutual synergies in Storage-as-a-Service IRVINE, Calif.--(BUSINESS WIRE)-- Zadara™ Storage, Ltd., announced today that Toshiba America Electronic Components, Inc. (TAEC) has invested $3 million in Zadara. The two companies will be working together to introduce innovative Storage-as-a-Service (STaaS) products using cutting-edge technologies they have each developed. With today’s funding, Zadara has raised a total of $10 million to date, and will use the...
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Toshiba completes Mangiarotti sale

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28 November 2017 The sale of Toshiba Corporation's 70% holding in Italian heavy equipment manufacturer Mangiarotti SpA to Westinghouse UK Holdings Ltd has been completed after receiving approval by the US Bankruptcy Court of New York. Toshiba has written off EUR110 million ($128 million) of debts owed to it by Mangiarotti as part of the transfer. Westinghouse Electric Company in September 2014 acquired Mangiarotti, which manufactures components for the energy and process industries,...
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Toshiba completes sale of Westinghouse claims, replenishes finances

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The $2.16 billion sale, to a group of hedge funds led by the Baupost Group, will also come with tax benefits and improves Toshiba’s balance sheet by about 410 billion yen ($3.7 billion). Liabilities at Westinghouse plunged Toshiba into crisis last year, and the beleaguered Japanese firm put up its prized memory chip business - the world’s second biggest producer of NAND memory chips - for $18 billion. Toshiba also plans to transfer its stake in Westinghouse to Canada’s Brookfield Business...
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Toshiba considering $5.3 billion capital injection

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TOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday. FILE PHOTO: Shoppers look at Toshiba Corp's Regza television at an electronics store in Yokohama, south of Tokyo, June 25, 2013. REUTERS/Toru Hanai/File Photo The Japanese conglomerate has received proposals from several domestic and overseas brokerages...
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Toshiba considering releasing unaudited full-year earnings

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Toshiba Corp. is considering releasing unaudited full-year earnings results on the May 22 deadline despite having no clear prospects of approval from its auditor, according to sources close to the matter. PricewaterhouseCoopers Aarata LLC continues to disagree with Toshiba over losses related to its U.S. nuclear unit after the auditing firm issued a disclaimer for the company’s earnings result for the April-December period last month. May 22 is the de facto deadline for the embattled...
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Toshiba Corporation Welcomes Nobuaki Kurumatani as Chairman and CEO

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TOKYO--( BUSINESS WIRE )--Nobuaki Kurumatani today took office as the first Chairman and CEO of Toshiba Corporation (TOKYO:6502) to be appointed from outside the company in over 50 years. Commenting on his appointment as Representative Executive Officer and Chairman and CEO, Mr. Kurumatani said, “I am honored to be appointed CEO, and very much aware of the responsibilities I take on. Toshiba is not just any company. Its corporate DNA has realized countless Japan- and world-first technologies...
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Toshiba Could Net Billions Selling Lesser-Known Assets

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Toshiba Corp. is in the process of selling its prized chips business for $20 billion in badly needed funds, having already hived off a medical device unit and nuclear power. The Japanese company also owns shares in a hodgepodge of 37 companies, involved in everything from vacuum cleaners to airport souvenir shops. Bloomberg Gadfly columnist Shelly Banjo says Toshiba should sell those too.
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Toshiba Could Net Billions Selling Lesser-Known Assets

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Toshiba Corp. is in the process of selling its prized chips business for $20 billion in badly needed funds, having already hived off a medical device unit and nuclear power. The Japanese company also owns shares in a hodgepodge of 37 companies, involved in everything from vacuum cleaners to airport souvenir shops. Bloomberg Gadfly columnist Shelly Banjo says Toshiba should sell those too. https://www.bloomberg.com/news/articles/2017-07-04/toshiba-could-net-billions-selling-lesser-known-assets
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Toshiba Creates Sales Rep Firm Network for Digital Display Business

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IRVINE, Calif.--( BUSINESS WIRE )--Toshiba’s Digital Products Division (DPD), a division of Toshiba America Information Systems, Inc., today announced it has created a nationwide sales representative firm network to drive demand for its new commercial displays. Ten leading professional sales representative firms will begin operation, meeting with integrators, resellers, consultants and end users, starting immediately. “We have assembled a select team of highly experienced, professional firms...
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Toshiba deal stymied by payment issue

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Toshiba’s plan to sell its memory unit to a Bain/INCJ/Hynix consortium for $19 billion ran into trouble because the consortium wants to pay in installments and Toshiba wants the money up front, reports Bloomberg . This has prompted last week’s move to re-open talks with Western Digital and Hon Hai about selling the business to them. Hon Hai is said to have offered $30 billion. Meanwhile the dispute with Western Digital over whether Toshiba has the right to sell the business gets increasingly...
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Toshiba, Desperate for Cash After Scandal, Will Sell Microchip Business

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TOKYO — Ill-fated investments in nuclear power projects by Toshiba of Japan have already precipitated an embarrassing accounting scandal at the company. Now the company is selling its most valuable business to try to undo the damage. Toshiba, one of Japan’s oldest and proudest technology conglomerates, said on Friday it would spin off its microchip division. The business makes the information-storing “brains” inside millions of smartphones, digital cameras and other devices, and it has been...
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Toshiba Donates Copier to Crazy Horse Memorial Foundation

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November 01, 2017 08:00 AM Eastern Daylight Time CUSTER COUNTY, S.D.--( BUSINESS WIRE )-- Toshiba America Business Solutions today announced the donation of an e-STUDIO ™ 4505AC multifunction printer (MFP) to the Crazy Horse Memorial Foundation , home of the world's largest mountain carving. Toshiba's high-performance color MFP was donated to help support the Foundation's educational and cultural programming mission of preserving the rich culture of Native Americans throughout North America.
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Toshiba Drums & Developers

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Are Toshiba Drums, & Developer considered supply items? I know with Ricoh, drums are listed as parts. Any help would be appreicated
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