6502.T - Toshiba Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
3,925.00
+5.00 (+0.13%)
At close: 3:15PM JST
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Previous Close3,920.00
Open3,965.00
Bid3,920.00 x 0
Ask3,935.00 x 0
Day's Range3,925.00 - 3,975.00
52 Week Range273.00 - 3,975.00
Volume3,501,700
Avg. Volume7,636,872
Market Cap2.558T
Beta (3Y Monthly)N/A
PE Ratio (TTM)24.10
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Thomson Reuters StreetEvents7 days ago

    Edited Transcript of 6502.T earnings conference call or presentation 8-Nov-18 5:30am GMT

    Q2 2019 Toshiba Corp Earnings Q&A and Discussion of Toshiba’s Next Plan for Corporate Transformation For Analysts

  • How Toshiba Lost $806 Million Buying Into America's LNG Boom
    Bloomberg10 days ago

    How Toshiba Lost $806 Million Buying Into America's LNG Boom

    It’s not exactly what Toshiba Corp. planned when it dipped its toes in liquefied natural gas trading. The Chinese gas distributor gets the right to liquefy and sell 2.2 million tons a year at the Freeport LNG plant in Texas, in addition to the cash. The deal marks Toshiba’s second exit from a troubled energy business this year, after it sold claims in its Westinghouse U.S. nuclear unit in January.

  • Reuters11 days ago

    Toshiba sheds more assets, cuts jobs to regain investor trust

    Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business to China's ENN Group as part of a new five-year business strategy, which also includes 7,000 job cuts, or 5 percent of its workforce, over five years. Toshiba's shares surged 12.7 percent to close near two-year highs after the announcement, helped also by a much anticipated move to repurchase up to 40 percent of its own shares starting Friday.

  • Toshiba to pay ENN more than $800 million to exit U.S. LNG business
    Reuters11 days ago

    Toshiba to pay ENN more than $800 million to exit U.S. LNG business

    TOKYO/SINGAPORE (Reuters) - Japan's Toshiba Corp will exit its U.S. liquefied natural gas (LNG) business by paying China's ENN Ecological Holdings Co more than $800 million to take over the unit as part of a plan to shed money-losing assets. Asian LNG prices have plunged 42 percent in the past five years and the potential for future losses spurred Toshiba's exit. Under the deal, Toshiba will sell its Toshiba America LNG Corp unit to ENN Ecological, a unit of ENN Group, for $15 million, the Japanese company said in a statement on Thursday.

  • Toshiba sheds more assets, cuts jobs to regain investor trust
    Reuters11 days ago

    Toshiba sheds more assets, cuts jobs to regain investor trust

    Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business to China's ENN Group as part of a new five-year business strategy, which also includes 7,000 job cuts, or 5 percent of its workforce, over five years. Toshiba's shares surged 12.7 percent to close near two-year highs after the announcement, helped also by a much anticipated move to repurchase up to 40 percent of its own shares starting Friday.

  • Reuters12 days ago

    Third China Westinghouse AP1000 reactor ready for commercial operation

    A Westinghouse-designed AP1000 nuclear reactor on China's east coast is ready to go into commercial operation after completing a test run, the China National Nuclear Power Corp (CNNP) said. The second unit at Sanmen in Zhejiang province will be the third AP1000 reactor to go into commercial operation in China. It completed a 168-hour full-power test run on Nov. 5, and has met commercial operation conditions, CNNP said in a statement posted on its website Tuesday.

  • Reuters21 days ago

    Hitachi Chemical in second falsification scandal this year, shares tumble

    Hitachi Chemical Co said it failed to properly test parts used to encapsulate semiconductors, the firm's second compliance failing this year and the latest in a run of such scandals at Japanese manufacturers. Shares in the Hitachi Ltd unit slid 8 percent on the news. One client, Toshiba Memory, had been told in late September of improper product testing but its own checks had found no quality problems, a spokesman for the world's No. 2 producer of NAND chips said.

  • Exclusive: Toshiba considers liquidating UK nuke unit NuGen as sale talks drag
    Reuters25 days ago

    Exclusive: Toshiba considers liquidating UK nuke unit NuGen as sale talks drag

    Toshiba Corp is considering liquidating its British nuclear unit NuGen, two people with direct knowledge of the matter said on Thursday, leaving Britain to seek alternatives for a project that was meant to provide 7 percent of the country's electricity. The move comes as Toshiba believes talks to sell the unit have dragged on too long, the sources told Reuters. "Toshiba is eager to shut off potential risks associated with NuGen soon," one of them said.

  • Reuters25 days ago

    Second China Westinghouse reactor goes into operation

    A second Westinghouse AP1000 nuclear reactor on China's eastern coast is now ready to go into full commercial operation after a week-long trial run, the project's operator said late on Tuesday. The State Power Investment Corp (SPIC) said in a notice posted on its website that the first unit of the Haiyang nuclear reactor project in Shandong province completed a 168-hour full-load test late on Monday evening. The reactor unit began construction in 2009 and was finally connected to the grid in August.

  • Reuters26 days ago

    Toshiba Memory to go public as soon as next autumn - Kyodo

    Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, will go public as soon as the autumn of next year, Kyodo News reported on Wednesday. Toshiba Corp sold Toshiba Memory in June ...

  • Reuterslast month

    Toshiba, IHI to dissolve nuclear power venture

    Japan's Toshiba Corp and IHI Corp have decided to dissolve their joint venture that make turbines for nuclear power plants due to weakened demand following the Fukushima disaster. The companies set up the venture in 2011 on expectations that construction for nuclear power plants would increase. A Toshiba spokeswoman confirmed they would dissolve the venture, called Toshiba IHI Power Systems.

  • Reuters2 months ago

    U.S. hedge fund King Street urges Toshiba to speed up share buybacks

    Japan's Toshiba Corp is "severely undervalued" and should boost share repurchases, U.S. hedge fund King Street Capital Management LP said in a letter on Wednesday. The hedge fund said Toshiba's current share buyback commitment of 700 billion yen ($6.2 billion) is insufficient and urged the company to speed it up and increase it to 1.1 trillion yen. "We are frustrated by this lack of progress and cannot stress enough how critical it is that Toshiba begin implementing its buyback immediately.

  • U.S. hedge fund King Street urges Toshiba to speed up share buybacks
    Reuters2 months ago

    U.S. hedge fund King Street urges Toshiba to speed up share buybacks

    The hedge fund said Toshiba's current share buyback commitment of 700 billion yen ($6.15 billion) is grossly insufficient and urged the company to speed up and increase its share buyback plan to 1.1 trillion yen ($9.66 billion). "We are frustrated by this lack of progress, and cannot stress enough how critical it is that Toshiba begin implementing its buyback immediately. The sooner Toshiba buys back its stock, the greater Toshiba's returns, given its current undervaluation," the hedge fund said.

  • Toshiba Investor King Street Urges $10 Billion Share Buyback
    Bloomberg2 months ago

    Toshiba Investor King Street Urges $10 Billion Share Buyback

    In a letter to Chief Executive Officer Nobuaki Kurumatani dated Wednesday, New York-based King Street said Toshiba should purchase at least 1.1 trillion yen ($9.7 billion) of shares as quickly as possible. The $20 billion King Street also released a 100-plus page presentation outlining ways the company could increase its profit margins in the next 12 to 24 months. “No investment alternatives come close to the exceptional returns achievable from the buyback,” King Street wrote in the letter.

  • Reuters2 months ago

    As new iPhones go on sale, studies reveal chips from Intel and Toshiba

    Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models. The studies by repair firm iFixit and chip analysis firm TechInsights, published this week, are among the first detailed teardowns of the phones, which reviews suggested were a subtle upgrade from the tenth anniversary iPhone X. Supplying parts for Apple's iPhones is considered a coup for chipmakers and other manufacturers.

  • Reuters2 months ago

    China drafts new nuclear energy law, focus on international market

    China will provide more support for its nuclear firms to go overseas and strengthen their position on the international market, according to new draft legislation submitted to the industry for consultation on Friday. "The state will encourage and support the positive and orderly participation of its enterprises in the international market" and promote the export of nuclear equipment, fuel and services, the draft Atomic Energy Law says. China aims to bring its total installed nuclear capacity to 58 gigawatts (GW) by the end of 2020, up from 37 GW at the end of June this year, but it also has ambitions to dominate the global market and has created a unified third-generation reactor brand known as the "Hualong One" to sell overseas.

  • Toshiba Memory chief shrugs off price concerns, sticks with IPO plans
    Reuters2 months ago

    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 months 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.

  • Reuters2 months 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 Press2 months 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.

  • Reuters3 months 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 StreetEvents3 months ago

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

    Q1 2019 Toshiba Corp Earnings Presentation

  • Reuters3 months 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.

  • Reuters3 months ago

    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
    Reuters4 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.