Toshiba

Japanese electronics conglomerate

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December 22 2023 JIP's purchase of Toshiba was completed, bringing the company back to Japanese ownership after being run by overseas activist investors.
September 27 2023 After the public offering, Toshiba was reported to be transferred to a new parent company, TBJH.
March 2023 Toshiba accepted a buyout offer from a consortium of 20 companies led by Japan Industrial Partners (JIP).
March 24 2022 At an extraordinary general meeting, stockholders rejected Toshiba's original plan to split into three companies and an alternative plan from a large institutional investor.
February 2022 Toshiba announced plans to split into two companies after the original proposal was unpopular with shareholders.
November 12 2021 Toshiba announced plans to split into three separate companies, with an expected completion by March 2024.
April 2021 CVC Capital Partners made a takeover offer to Toshiba.
2020 Toshiba divested its PC business into Dynabook Inc.
October 2020 Toshiba decided to pull out of the system LSI business due to mounting losses and considered selling its semiconductor fabs.
June 30 2020 Sharp exercised its option to acquire the remaining 19.9% of Dynabook shares from Toshiba.
January 2020 Toshiba unveiled plans to launch quantum cryptography services by September and announced several new technologies for potential commercialization.
November 2019 Toshiba transferred its logistics service business to SBS Group.
May 2019 Toshiba announced it would put non-Japanese investors on its board for the first time in nearly 80 years.
June 2018 Toshiba sold 80.1% of its Client Solutions (personal computers) business unit to Sharp for $36m, with an option for Sharp to buy the remaining 19.9% share.
April 6 2018 Toshiba completed the sale of Westinghouse's holding company to Brookfield Business Partners for $4.6 billion.
November 15 2017 Hisense reached a deal to acquire 95% of Toshiba Visual Solutions for US$113.6 million.
September 20 2017 Toshiba's board approved the sale of its memory chip business to a Bain Capital-led group for US$18 billion, which was later renamed Kioxia.
April 25 2017 Toshiba announced its decision to replace its auditor PricewaterhouseCoopers.
April 11 2017 Toshiba filed unaudited quarterly results without auditor endorsement, stating substantial doubt about the company's ability to continue as a going concern.
March 29 2017 Westinghouse filed for Chapter 11 bankruptcy protection, with Toshiba estimated to have a 9 billion dollar annual net loss.
February 14 2017 Toshiba delayed filing financial results and chairman Shigenori Shiga resigned following the revelation of a 390 billion yen corporate-wide loss.
January 2017 Toshiba planned to separate its memory chip division as a strategy to avoid bankruptcy.
December 2016 Toshiba management called an urgent press briefing to announce significant losses in the Westinghouse subsidiary, which threatened to bankrupt the company.
December 2016 Toshiba Medical Systems Corporation was acquired by Canon. The Midea Group also bought a controlling 80.1% stake in the Toshiba Home Appliances Group.
September 2016 Toshiba announced the first wireless power receiver IC using the Qi 1.2.2 specification, developed with the Wireless Power Consortium.
May 2016 Satoshi Tsunakawa, former head of Toshiba's medical equipment division, was named CEO following the accounting scandal.
April 2016 Toshiba recalled 100,000 faulty laptop lithium-ion batteries made by Panasonic due to overheating risks, affecting notebooks sold since June 2011.
March 2016 Toshiba prepared to start construction on a new semiconductor plant in Japan, planning to spend approximately 360 billion yen through May 2019 to mass-produce ultra-dense flash chips.
January 2016 Toshiba's security division unveiled a new service bundle for schools using its surveillance equipment, including education discounts and support.
December 2015 CEO Muromachi forecast a record 550 billion yen annual loss and announced the company would not raise funds for two years. A company spokesperson later stated Toshiba would seek 300 billion yen in 2016.
October 2015 Toshiba sold its image sensor business to Sony.
September 2015 Toshiba shares fell to their lowest point in two and a half years, with the company reporting a net loss of 12.3 billion yen for the quarterly period.
July 21 2015 CEO Hisao Tanaka resigned amid the accounting scandal, which he described as 'the most damaging event for the brand in the company's 140-year history'. Eight other senior officials also resigned, including two previous CEOs.
May 2015 Toshiba first announced an investigation into an accounting scandal, potentially requiring profit revisions for the previous three years.
January 2015 Toshiba announced they would stop manufacturing televisions in their own factories, with future TVs to be made by Compal, Vestel, and other manufacturers.

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