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Toshiba Corp (6502.T)

6502.T on Tokyo Stock Exchange

322JPY
19 Jan 2018
Change (% chg)

¥7 (+2.22%)
Prev Close
¥315
Open
¥320
Day's High
¥325
Day's Low
¥318
Volume
56,619,000
Avg. Vol
41,811,989
52-wk High
¥347
52-wk Low
¥178

Latest Key Developments (Source: Significant Developments)

S&P says Toshiba Corp upgraded to 'CCC+' on deal to sell Westinghouse-related assets
Friday, 19 Jan 2018 

Jan 19 (Reuters) - S&P::S&P SAYS TOSHIBA CORP. UPGRADED TO 'CCC+' ON DEAL TO SELL WESTINGHOUSE-RELATED ASSETS; RATINGS ON CREDITWATCH POSITIVE.S&P SAYS TOSHIBA'S ANNOUNCEMENT OF DEAL TO SELL WESTINGHOUSE-RELATED ASSETS HEIGHTENED LIKELIHOOD OF COMPANY ERASING ITS NEGATIVE NET WORTH.S&P ON TOSHIBA CORP SAYS BELIEVE THE LIKELIHOOD OF DEBT RESTRUCTURING, INCLUDING A DEBT-FOR-EQUITY SWAP, IN THE NEAR TERM HAS DECREASED SIGNIFICANTLY ‍​.S&P SAYS TOSHIBA NO LONGER FACES CIRCUMSTANCES IN WHICH DEBT RESTRUCTURING APPEARS INEVITABLE WITHIN 6 MONTHS IN ABSENCE OF UNANTICIPATED FAVORABLE CHANGES IN CIRCUMSTANCES.  Full Article

Toshiba to sell consolidated subsidiary LC Collateral SPV for $100 mln
Thursday, 18 Jan 2018 

Jan 18(Reuters) - Toshiba Corp <6502.T>:Says it entered into an agreement to sell 100 percent stake in consolidated subsidiary LC Collateral SPV LLC, to LC SPV ACQUISITION LLC, for $100 million (about 11.3 billion yen).Says completion of the sale will be in middle February .  Full Article

Toshiba updates shares transfer plan
Monday, 15 Jan 2018 

Jan 15(Reuters) - Toshiba Corp <6502.T>:Says it will sell 13.8 million shares (about 26.5 percent stake) in Shibaura Mechatronics Corp <<<6590.T>>>, at the price of 425.89 yen per share.Says previous plan was announced on Dec. 4, 2017.  Full Article

Toshiba units to implement personnel measures including early retirement incentive program
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Toshiba Corp <6502.T>:Says co's units Toshiba Infrastructure Systems & Solutions Corporation and Toshiba Energy Systems & Solutions Corporation decided to implement personnel reallocation and early retirement incentive programs with support of outplacement .Both programs will be open to candidates in corporate staff functions aged 50 and above, and are expected to cover about 50 employees in each unit.Application will be accepted from February and the accepted applicants will leave by the end of March.In addition to a standard retirement payment, the accepted applicants will also receive a special severance payment and outplacement support if they need .  Full Article

Toshiba's unit says lawsuit in China
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Toshiba Corp <6502.T> ::Says a China-based property development firm filed a lawsuit against co's China-based elevator subsidiary (TCE), claiming for compensation for damages of 2.2 million yuan (about 38 million yen) .  Full Article

Brookfield Business Partners To Acquire Westinghouse Electric Company
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Brookfield Business Partners Lp ::BROOKFIELD BUSINESS PARTNERS TO ACQUIRE WESTINGHOUSE ELECTRIC COMPANY.BROOKFIELD BUSINESS PARTNERS TO ACQUIRE WESTINGHOUSE ELECTRIC COMPANY.BROOKFIELD BUSINESS PARTNERS LP - DEAL FOR ‍APPROXIMATELY $4.6 BILLION.BROOKFIELD BUSINESS PARTNERS - DEAL EXPECTED TO BE FUNDED WITH ABOUT $1 BILLION OF EQUITY, APPROXIMATELY $3 BILLION OF LONG-TERM DEBT FINANCING, AMONG OTHERS.BROOKFIELD BUSINESS PARTNERS - CO WILL COMMIT TO FUND APPROXIMATELY 50 PERCENT OF EQUITY ON CLOSING USING EXISTING LIQUIDITY​.BROOKFIELD BUSINESS PARTNERS LP - ‍ENTERED AGREEMENT TO ACQUIRE 100% OF WESTINGHOUSE ELECTRIC COMPANY, CURRENTLY OWNED BY TOSHIBA CORP​.BROOKFIELD BUSINESS PARTNERS - PRIOR TO/FOLLOWING DEAL, PART OF CO'S INVESTMENT MAY BE SYNDICATED TO OTHER INSTITUTIONAL INVESTORS.  Full Article

Toshiba receives 34 lawsuits filed by investors in Japan
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Toshiba Corp <6502.T> ::Says it received 34 lawsuits filed by Japan-based investors, claiming for compensation for loss caused by improper accounting treatment, with amount of money involved in the cases of totaling 173 billion yen .  Full Article

Japanese Consortium Looking To Commercialize Reactor Technology In Poland By 2030 - Nikkei
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Nikkei::JAPANESE CONSORTIUM LOOKING TO COMMERCIALIZE NEXT-GENERATION REACTOR TECHNOLOGY IN POLAND BY 2030 - NIKKEI.JAPANESE CONSORTIUM COMPRISES JAPAN ATOMIC ENERGY AGENCY, TOSHIBA, MITSUBISHI HEAVY INDUSTRIES & HITACHI - NIKKEI.COMMERCIAL REACTOR SAID TO COST AROUND 50 BILLION YEN, PROJECT IN POLAND EXPECTED TO GENERATE ORDERS WORTH 50 BILLION YEN TO 100 BILLION YEN- NIKKEI.  Full Article

Trump officials brief Hill staff on Saudi reactors, enrichment a worry
Saturday, 16 Dec 2017 

Adds State Department comment, paragraph 16:.  Full Article

Toshiba unit says lawsuit in U.S.
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Toshiba Corp <6502.T>:Says U.S.-based firm Genisa Iron Inc (plaintiff) filed lawsuit against co's U.S.-based unit TOSHIBA INTERNATIONAL CORPORATION and unit's subcontracting entrepreneur, regarding payment disputes .Says plaintiff requested payment of $91,452.93 (about 10.3 million yen) and related expenses.  Full Article

BRIEF-S&P says Toshiba Corp upgraded to 'CCC+' on deal to sell Westinghouse-related assets

* S&P SAYS TOSHIBA CORP. UPGRADED TO 'CCC+' ON DEAL TO SELL WESTINGHOUSE-RELATED ASSETS; RATINGS ON CREDITWATCH POSITIVE