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Toshiba Corp

$15bn scramble for Japan’s Toshiba went from bang to whimper

TOKYO: Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms....

Published 03 Apr, 2023 06:36am

Business & Finance

Toshiba says it will ‘support’ $15bn takeover bid

TOKYO: Troubled Japanese conglomerate Toshiba said Thursday it will “support” a $15 billion takeover bid by a...

Published 27 Mar, 2023 07:33am

Business & Finance

Toshiba reports 75% plunge in Q2 operating profit, cuts full-year outlook

TOKYO: Japan’s Toshiba Corp on Friday reported a 75% slump in second-quarter operating profit and lowered its...

Published 11 Nov, 2022 12:09pm

Markets

Buyout fund JIP submits $15bn Toshiba bid without bank backing: Nikkei

TOKYO: Private equity fund Japan Industrial Partners has submitted a bid to buy Toshiba Corp for around $15 billion...

Published 08 Nov, 2022 05:56am

Business & Finance

Toshiba shares jump on report of possible $19bn buyout

TOKYO: Shares in Toshiba Corp on Thursday surged on a report that a domestic investor-led group was looking at a $19...

Published 13 Oct, 2022 11:48am

Business & Finance

Toshiba board gains two directors from activist hedge funds

TOKYO: Toshiba Corp shareholders endorsed two board directors from activist hedge fund investors at its annual...

Published 28 Jun, 2022 11:13am

Business & Finance

Bidders weigh offers valuing Toshiba at up to $22bn

TOKYO/HONG KONG: Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the...

Published 23 Jun, 2022 11:10am

Business & Finance

Toshiba receives 10 investment proposals including eight to go private

TOKYO: Toshiba Corp said on Thursday it has received 10 investment proposals including 8 proposals to go private as...

Published 02 Jun, 2022 11:49am

Business & Finance

Toshiba investors bet on private equity interest, shares jump

TOKYO: Investors sent Toshiba Corp shares sharply higher on Friday as they bet the Japanese conglomerate could...

Published 01 Apr, 2022 11:43am

Business & Finance

Toshiba now plans to split into two, bumps up shareholder return targets

TOKYO: Toshiba Corp announced on Monday that it now aims to break up into two companies instead of three, while also...

Published 08 Feb, 2022 06:10am

Business & Finance

Toshiba says has restarted some chip production at quake-hit plant

TOKYO: Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita,...

Published 26 Jan, 2022 12:41pm

Markets

Toshiba halts operations at chip plant after quake

Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes...

Published 24 Jan, 2022 12:47pm

Business & Finance

As Toshiba investors carp, No. 2 shareholder urges EGM vote on break-up plan

TOKYO: The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting,...

Updated 06 Jan, 2022 11:55am

Business & Finance

Toshiba says it will rectify over-reliance on government

TOKYO: Toshiba Corp on Thursday pledged to rectify its over-reliance on administrative authorities after an...

Published 16 Dec, 2021 01:21pm

Business & Finance

Toshiba walked away from potential buyout talks and Brookfield offer

TOKYO: Japan's Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, as ...

Published 06 Dec, 2021 12:55pm

Business & Finance

Toshiba needs 'prompt, appropriate' disclosure, TSE chief says

Hiromi Yamaji also told Reuters that activist investors - who have been in focus because of Toshiba

Published 05 Jul, 2021 10:25am

Markets

Tokyo's Nikkei closes marginally lower

The benchmark Nikkei 225 index inched down 0.06 percent or 18.16 points to end at 29,048.02, while the broader Topix index advanced 0.15 percent or 3.02 points to 1,965.67.

Updated 28 Jun, 2021 11:52am

Toshiba shareholders oust chairman

TOKYO: Toshiba Corp shareholders ousted the chairman of the board on Friday, delivering a powerful rebuke to the...

Published 26 Jun, 2021 03:24am

Business & Finance

Toshiba board chairman fails to win reappointment in pivotal shareholder vote

But his critics argued he should step down to take responsibility for the board's resistance to a shareholder's call for an independent probe.

Published 25 Jun, 2021 10:08am

Business & Finance

Toshiba wants to include two foreigners among new board, hold EGM

Osamu Nagayama made the comments at a news conference broadcast online, a day after the crisis-hit conglomerate.

Published 14 Jun, 2021 11:45am

Business & Finance

Toshiba directors to hold emergency meeting on board reassignments

The reassignment of director candidates for the audit, nominating and compensation committees follows an explosive shareholder-commissioned investigation that accused Toshiba and the government of colluding to pressure foreign investors.

Published 12 Jun, 2021 05:54pm

Business & Finance

Another leading Toshiba shareholder asks company to seek suitors

3D estimated Toshiba's fair stock value in excess of 6,500 yen, compared to Monday's closing price of 4,465 yen.

Updated 26 Apr, 2021 01:04pm

Business & Finance

Toshiba decides against $20bn CVC proposal, says open to 'credible' offers

CVC said stepping aside to await Toshiba guidance –Toshiba.
Toshiba says not enough detail to evaluate proposal.
Toshiba says open to credible offers.

Published 20 Apr, 2021 06:04pm

Markets

Japan’s Topix slips

TOKYO: Japan’s Topix changed course to close lower on Monday, while the Nikkei ended little changed, as concerns...

Published 20 Apr, 2021 04:00am

Business & Finance

Controversial Toshiba CEO steps down, shares jump on bidding war expectations

Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chairman, will once again assume the helm.
The offer sparked a strong backlash from Toshiba managers, prompting them to lobby against it to the government, said one of the sources. The sources declined to be identified due to the sensitivity of the matter.

Published 14 Apr, 2021 04:44pm

Markets

Farallon calls on Toshiba to seek other offers

The fund is Toshiba's third-largest shareholder with a stake of around 6%.

Published 12 Apr, 2021 01:38pm

Business & Finance

Toshiba shareholders vote for probe in landmark win for Japan corporate governance

In a statement welcoming the result, Effissimo said independent investigators will have "a broad mandate" to examine last year's AGM, and Toshiba's directors and executives have a legal obligation to cooperate.

Published 18 Mar, 2021 10:41am

Business & Finance

Proxy adviser ISS backs shareholder proposal for Toshiba investigation

Toshiba has been dogged by years of scandals including accounting misdeeds and a huge writedown for its US nuclear business that it eventually withdrew from.

Published 03 Mar, 2021 10:30am

Business & Finance

US hedge fund Farallon accuses Toshiba of 'backpedaling' on strategy

Toshiba said last month it had made no change in its policy on investment and shareholder returns. It says the issue is the result of a "misunderstanding" by the shareholder.
In its presentation regarding its call for an extraordinary meeting, Farallon said: "This shift in policy, and the apparent backpedaling, has led to further trust issues and concerns."

Published 02 Mar, 2021 08:58pm

Business & Finance

Top Toshiba shareholder renews call for probe over pressure on AGM vote

"Even if the third party acted in isolation, does the Board not have any responsibility to protect its shareholders' rights?" the letter said.

Published 24 Feb, 2021 01:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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