Search Results for: Toshiba
Toshiba says U.S. SEC completes accounting probe, no penalty
June 25th, 2018
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that all SEC investigations regarding our accounting have been completed,” a ...
Toshiba Says Suing Western Digital for $1 Billion
June 28th, 2017
Japan’s Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital Corp. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the ...
Toshiba facing fresh lawsuit from another group of foreign investors
June 14th, 2017
Japanese electronics giant Toshiba says it is facing a fresh lawsuit from another group of foreign investors seeking damages following its $1.2bn accounting scandal. The company says it has now been served with 26 complaints in total, demanding nearly ...
Toshiba Is Replacing Its Auditor PwC Over Irreconcilable Differences
April 26th, 2017
Toshiba Corp (TOSBF, +1.24%) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company ...
Dollar dips, Nikkei slugged by Toshiba selloff
December 29th, 2016
Asian shares were subdued on Thursday after Wall Street suffered a mild setback after weeks of gains, while a pullback in U.S. yields prompted year-end profit taking in the dollar. Japan’s Nikkei shed 1.3 percent as the yen firmed ...
Toshiba may book loss of several hundreds of billion yen; stock tumbles 12 percent
December 27th, 2016
Toshiba Corp (6502.T) said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition – a shock warning that sent it stock tumbling 12 percent and rekindled concerns about its ...
Foreign investors sue Toshiba over accounting scandal
October 13th, 2016
Toshiba sued by a group of investors for accounting damages Latest lawsuit seeking the largest amount of money Toshiba has 15 other lawsuit from other investors Toshiba Corp on Thursday said a group of investors had sued the company ...
Toshiba: Japan trunk bank sues it for $120 million over accounting scandal
August 26th, 2016
Toshiba Corp (6502.T) said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company’s $1.3 billion accounting scandal last year. Japan Trustee Services Bank had filed the suit ...
Toshiba confirms SEC investigation as accounting woes spread to US
March 18th, 2016
Securities commission and justice department examining ‘accounting problem’ at US units, says Japanese corporation, amid profit-padding crisis Toshiba has announced its US businesses are cooperating with authorities over alleged accounting irregularities and is to cut a further 3,000 jobs. The ...
Toshiba shares rally on prospect of new loans
March 3rd, 2016
Toshiba shares rallied more than 10% on Thursday on reports the firm was about to secure substantial new loans for its restructuring efforts. The company is in talks with several Japanese lenders over money it needs to reorganise its ...
