6502.T - Toshiba Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
335.00
+1.00 (+0.30%)
At close: 3:15PM JST
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Previous Close334.00
Open336.00
Bid334.00 x 0
Ask335.00 x 0
Day's Range332.00 - 338.00
52 Week Range273.00 - 355.00
Volume22,125,000
Avg. Volume17,676,181
Market Cap2.183T
BetaN/A
PE Ratio (TTM)2.06
EPS (TTM)N/A
Earnings DateNov 7, 2018 - Nov 12, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est370.40
  • Toshiba Memory chief shrugs off price concerns, sticks with IPO plans
    Reutersyesterday

    Toshiba Memory chief shrugs off price concerns, sticks with IPO plans

    The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public in two to three years. "Prices fluctuate in the short term to reflect the demand-supply balance," Toshiba Memory CEO Yasuo Naruke said at a news conference with joint venture partner, Western Digital Corp (WDC.O), to mark the opening of a new production line. Oversupply has weighed on NAND flash memory contract prices, resulting in an average drop of 15 to 20 percent in the April-June quarter, according to market research firm TrendForce.

  • Reuters2 days ago

    Toshiba in talks with Brookfield for UK nuke unit sale - source

    Toshiba Corp is in talks with Canada's Brookfield Asset Management Inc (BAMa.TO) for the potential sale of its UK nuclear unit NuGen, a source familiar with the matter said on Tuesday. Brookfield has emerged as one of several new candidates since Korea Electric Power Corp (KEPCO) lost its preferred bidder status in July, said the source, who declined to be identified as the talks are private. The talks, first reported by the Financial Times, are at an early stage, the source said.

  • Reuters9 days ago

    PRESS DIGEST- British Business - Sept 12

    The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The Treasury has confirmed that ...

  • Storm-hit Japan airport counts damage; unclear when reopens
    Associated Press15 days ago

    Storm-hit Japan airport counts damage; unclear when reopens

    TOKYO (AP) — The closure of a major Japanese airport flooded by a typhoon is raising worries about the impact on tourist traffic, mostly from China and Southeast Asia, as well as on exporting computer chips and other goods.

  • Reuters20 days ago

    U.S. hedge fund King Street seeks board shake-up at Toshiba - WSJ

    U.S. hedge fund King Street Capital Management LP has proposed new independent directors at Japan's Toshiba Corp, the Wall Street Journal reported on Friday, citing people familiar with the matter. King ...

  • Thomson Reuters StreetEvents28 days ago

    Edited Transcript of 6502.T earnings conference call or presentation 8-Aug-18 7:30am GMT

    Q1 2019 Toshiba Corp Earnings Presentation

  • Reuters29 days ago

    Japanese nuclear power companies in talks over alliance - source

    Tokyo Electric Power Company Holdings Inc (Tepco) , Hitachi Ltd , Toshiba and Chubu Electric Power Co Inc have signed an initial agreement that will be fleshed out in discussions, the source told Reuters. The Nikkei newspaper earlier reported the companies had begun talks on an alliance that would initially focus on decommissioning old reactors.

  • Reuterslast month

    Toshiba posts record quarterly profit on chip sale, outlook unclear

    Japan's Toshiba Corp reported a record quarterly net profit on Wednesday, thanks to the $18 billion sale of its flash memory chip business earlier this year to a consortium led by U.S. private equity firm Bain Capital. Its remaining main businesses such as energy and social infrastructure are struggling to fill the void left by the chips unit that accounted for 90 percent of its operating profit last year. Toshiba posted a net profit of 1.02 trillion yen ($9.16 billion) for the April-June quarter, up from 50.33 billion yen a year before, as it booked 966 billion yen in gains from the deal to sell the world's No. 2 producer of NAND chips.

  • South Korea's KEPCO loses preferred bidder status for UK nuclear project
    Reuters2 months ago

    South Korea's KEPCO loses preferred bidder status for UK nuclear project

    South Korea's Korea Electric Power Corp (KEPCO) has lost its preferred bidder status to buy Toshiba's NuGen nuclear project in Britain as Toshiba looks at other alternatives, the Japanese company said on Tuesday. The project in Moorside, northwest England, was expected to provide around 7 percent of Britain's electricity when built, but has faced setbacks after Toshiba's nuclear arm Westinghouse went bankrupt last year.

  • Reuters2 months ago

    Software maker Freshworks raises $100 mln; valuation at $1.5 bln

    U.S. business software provider Freshworks on Tuesday said it raised $100 million from investors led by Sequoia and Accel Partners, giving it a valuation of $1.5 billion and unicorn status. The latest ...

  • Reuters2 months ago

    Asian chipmakers' production plans in focus as super-cycle winds down

    Asian memory chipmakers' production plans and outlook will be closely watched as they start reporting earnings this week, following sharp falls in their stock prices due to concerns that a 2-year industry super-cycle may be skidding to a halt. The $121 billion (92.13 billion pounds)global memory chip industry has enjoyed an unprecedented boom since late 2016, with profits surging to record highs and margins rising above 70 percent thanks to disciplined production after years of consolidation. Average NAND flash memory chip prices have nearly halved from a peak in 2017, and concerns of further declines sent shares of the major producers such as South Korea's SK Hynix down 7 percent on Monday.

  • Reuters2 months ago

    Toshiba may face renewed shareholder accounting claims -US appeals court

    A U.S. appeals court gave investors in Toshiba Corp's U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals on Tuesday said a lower court judge misapplied the law in dismissing the investors' lawsuit, and that the investors should be permitted to file an amended complaint. The Pasadena, California-based appeals court said the investors did not sufficiently allege Toshiba committed a "domestic" violation of federal securities law, but that it would "not be futile" for them to try again.

  • Reuters2 months ago

    Rosatom looks to nuclear newcomers to cement dominance

    Rosatom is in talks with Jordan to revive a deal to build a nuclear plant in the kingdom, according to the deputy CEO of the Russian company, which is looking to add another nuclear newcomer nation to its customer list. The state-owned firm is the clear leader in the global nuclear industry after two of its biggest rivals, Areva and Westinghouse, hit financial troubles, and it has a track record of building plants in countries without any nuclear tradition.

  • Business Wire3 months ago

    Toshiba Announces Favorable Resolution of CRT Litigation in Washington State

    Toshiba Corporation is pleased to announce the favorable resolution of legal proceedings in the State of Washington regarding the Cathode Ray Tube (CRT) industry. After years of litigation, on May 29, 2018, the King County Superior Court approved a settlement and consent decree between the State of Washington and Toshiba. In doing so, the Court explicitly acknowledged that the parties resolved the case with no admission of liability, stating “neither the existence of this Consent Decree nor anything contained therein shall be deemed or construed to be an admission by [Toshiba] or evidence of any liability, wrongdoing or violation of law by [Toshiba], or the truth of any of the claims or allegations contained in the complaint.” Under the settlement and consent decree, Toshiba was able to resolve the claims against it with a modest payment constituting a small fraction of the claimed damages.

  • Reuters3 months ago

    Westinghouse eyes Saudi, India deals as end to bankruptcy nears

    U.S. nuclear firm Westinghouse expects to emerge from bankruptcy with sufficient equity in coming weeks and is targeting Saudi Arabia and India for new reactor sales, its CEO said. Canada's Brookfield Asset Management in January agreed to buy Westinghouse from Toshiba for $4.6 billion after cost overruns on U.S. reactors pushed the atomic energy pioneer into bankruptcy in March 2017.

  • Toshiba says SEC completes accounting probe, no penalty
    Reuters3 months ago

    Toshiba says SEC completes accounting probe, no penalty

    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 spokesman told Reuters, adding that there was no penalty or censure. A phone call to the SEC was connected to an answering machine after business hours in the United States, and an email asking for comment did not receive an immediate reply.

  • Toshiba sets $6.3 billion share buyback with proceeds of chip unit sale
    Reuters3 months ago

    Toshiba sets $6.3 billion share buyback with proceeds of chip unit sale

    Toshiba Corp unveiled a higher-than-expected $6.3 billion (4.71 billion pounds) stock buyback that sent its shares up as much as 11 percent, as the Japanese firm followed up on a pledge to share proceeds from an $18 billion sale of its memory chip business. Its announcement on Wednesday that about 700 billion yen ($6.33 billion) of its shares will be repurchased allayed concerns Toshiba may keep more of its cash, given its uncertain outlook after the disposal of the chip unit and other assets. Toshiba had promised to reward shareholders after the sale of the chips unit to a consortium led by U.S. private equity firm Bain Capital closed earlier this month.

  • Reuters3 months ago

    World's first AP1000 reactor set to debut in China in Nov - media

    The world's first third-generation AP1000 reactor designed by U.S.-based Westinghouse is expected to be completed in China by November, the official Science Daily reported on Tuesday, citing a senior Chinese executive. The AP1000 unit in Sanmen in the eastern coastal province of Zhejiang was expected to reach criticality at the end of June and go into commercial operation by November, Chen Hua, chairman of the China National Nuclear Power Corp (CNNP) was quoted as saying. China agreed in 2007 to build four AP1000 units, including two at Sanmen and two at Haiyang in Shandong province.

  • Deals of the day-Mergers and acquisitions
    Reuters4 months ago

    Deals of the day-Mergers and acquisitions

    ** Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business. ** BNP Paribas, France's biggest bank, has its eye on bolt-on acquisitions in Germany, the head of the group's German business Lutz Diederichs said. ** Chinese conglomerate HNA Group said it had agreed to sell a stake of 26.5 percent in Spain's NH Hotels to Thai Minor International.

  • Sharp to buy Toshiba PC business, issue $1.8 billion in new shares
    Reuters4 months ago

    Sharp to buy Toshiba PC business, issue $1.8 billion in new shares

    Japan's Sharp Corp said it will buy Toshiba Corp's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn. The acquisition of the PC business for $36 million marks a return by Sharp to a market it quit eight years ago, even if its comparatively low cost underscores dwindling demand in a world where many consumers spend more money on their smartphones. The Osaka-based electronics maker will be able to use the scale of parent Foxconn, the world's biggest contract manufacturer, to produce PCs more cheaply - just as it has done with TVs.

  • Reuters4 months ago

    Japan's Sharp says to buy Toshiba's PC business

    TOKYO (Reuters) - Japan's Sharp Corp said it will acquire Toshiba Corp's personal computer business for $36 million, highlighting its recovery under the control of Foxconn and marking a return to a business ...

  • Bain says will help Toshiba Memory pursue big acquisitions
    Reuters4 months ago

    Bain says will help Toshiba Memory pursue big acquisitions

    Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. The world's No. 2 maker of NAND chips is expected to have significant funding and spending needs - partly due to the high capital cost nature of the semiconductor industry but also because it has to please the many members of the winning Bain consortium. The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.

  • Bain says will help Toshiba Memory pursue big acquisitions
    Reuters4 months ago

    Bain says will help Toshiba Memory pursue big acquisitions

    Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. The world's No. 2 maker of NAND chips is expected to have significant funding and spending needs - partly due to the high capital cost nature of the semiconductor industry but also because it has to please the many members of the winning Bain consortium. The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.

  • Reuters4 months ago

    Bain says will help Toshiba Memory pursue big acquisitions

    Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.

  • Consortium buying Toshiba's memory business promises growth
    Associated Press4 months ago

    Consortium buying Toshiba's memory business promises growth

    TOKYO (AP) — The buyers of Toshiba Corp.'s memory device operations are promising to invest in technology development and manufacturing facilities to stay competitive, although they stopped short of giving a specific monetary amount or naming a new factory site.