Toshiba
“We understand that all SEC investigations regarding our accounting have been completed,” a spokesman told Reuters.
Net profit for the struggling conglomerate is likely to grow to 1.07 trillion yen ($9.75 billion) from 804 billion yen.
Japan’s Toshiba Corp said it had yet to receive clearance from all regulators for the sale of its prized $18 billion memory-chip business by its self-imposed end-March deadline.
A Toshiba spokeswoman said there had been no change in its efforts to complete the sale of the chip unit.
Toshiba Corp reported a 76 percent jump in second-quarter operating profit on Thursday, driven by a strong performance from its memory chip unit which it recently agreed to sell for $18 billion.
Japan's Fujitsu said on Thursday it had agreed to merge its struggling PC business with Lenovo, giving Lenovo a controlling share of the business.
Bain Capital LP on Thursday said it aims to list Toshiba Corp’s chip unit on the Tokyo Stock Exchange within 3 years, to cash in its investment.
Japan’s Toshiba Corp (6502.T) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion (13.4 billion pounds) memory chip business.
Japan’s embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit.
Toshiba Corp (6502.T) said on Wednesday it has signed a memorandum to accelerate talks to sell its memory chip business to a group led by private equity firm Bain Capital
Western Digital Corp (WDC.O) is in talks to gain voting rights of just under 16 percent in Toshiba Corp’s (6502.T) memory chip unit on the assumption that it will be listed in the future.
Toshiba shares rose more than 4 percent on Wednesday after sources told Reuters
Toshiba Corp said it has decided to build a new semiconductor manufacturing facility in Iwate
Japan's Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday
Toshiba on Thursday met a looming deadline to report its long-delayed financial results, saying it lost around $8.8 billion in the last fiscal year.
Toshiba Corp's shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate's auditor was likely to sign off on its annual results.
Toshiba Corp may gain a partial endorsement from its auditor for its annual financial results after disagreements over accounting for the much of the year.
Toshiba Corp said on Thursday it would invest in a new memory chip production line without joint venture partner Western Digital Corp.
A California judge put on hold Friday a request by Western Digital to block the sale of Toshiba's chip division.
Toshiba said Wednesday it has not yet reached a deal to sell its prized chip business to a consortium of US, Japanese and South Korean investors.
