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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