All Toshiba articles

  • Canon building

    Canon, Toshiba to pay $5M for antitrust law violations


    Canon and Toshiba will pay $2.5 million each to settle federal charges regarding violations of the Hart-Scott-Rodino Act during an acquisition deal in 2016.

  • Blog

    Toshiba—a culture of lies?


    Shareholders react strongly to Toshiba's announcement of its intention to take a $9 billion loss for the year and the chapter 11 bankruptcy filing by Westinghouse Electric Co., a U.S. nuclear-plant builder 87-percent-owned by Toshiba.

  • Blog

    Toshiba faces U.S. accounting probe


    Tokyo-based electronics maker Toshiba confirmed that it is under investigation by the U.S. Department of Justice and the Securities and Exchange Commission over alleged accounting irregularities. Toshiba’s disclosure about the U.S. investigation follows media reports that U.S. regulators are investigating allegations that Toshiba’s U.S.-based nuclear business division, Westinghouse, hid $1.3 ...

  • Blog

    Toshiba Suing Ex-CFOs Over Accounting Scandal


    Toshiba is suing five former executives for negligence over false accounting practices that led to inflated profits by more than 170 billion yen ($1.2 billion). The Tokyo-based company is suing two former chief financial officers and three former presidents based on findings from an independent probe launched in September to ...

  • Blog

    Accounting Scandal Takes Down Toshiba’s Head Honcho


    Image: Hisao Tanaka, chief executive of Toshiba Corp., is expected to step down in September in light of accounting missteps at the Japanese conglomerate. The domino effect will continue as key board members are rumored to be leaving over the next few months. News reports indicate that top executives ...