Toshiba

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Toshiba Corporation

logo
legal form Kabushiki-gaisha (joint stock company)
ISIN JP3592200004
founding 1875
Seat Minato , Tokyo , JapanJapanJapan 
management Satoshi Tsunakawa
Number of employees 141,256 (2019)
sales 3,695 trillion Yen (29.5 billion euros )
Branch Technology and electronics
Website www.toshiba.co.jp

The Toshiba Corporation ( Jap. 株式会社東芝 , Kabushiki-gaisha Toshiba ) is an international technology provider headquartered in the Japanese capital Tokyo . The company was at times one of the largest manufacturers of electrical and electronic equipment in the world.

history

Toshiba logo from 1950 to 1969
Logo from Toshiba 1969 to 1984

Toshiba was created in 1939 from the merger of Tanaka Hisashiges electrical engineering company Shibaura Seisaku-sho ( 芝 浦 製作 所 ), founded in 1875, and the consumer goods manufacturer Tōkyō Denki ( 東京 電 気 ) founded by Fujioka Ichisuke and Miyoshi Shōichi . The new company was called Tō kyō Shiba ura Denki ( 東京芝浦電気 ), but was mainly under the abbreviated name Toshiba known. It was not until 1978 that this became the official company name. Tō means east (Tōkyō = eastern capital ) and shiba means lawn and is derived from the place name Shibaura.

The company expanded through its own growth as well as through acquisitions, including in heavy industry in the 1940s and 1950s. Important subsidiaries were later founded, such as B. Toshiba EMI (1960), Toshiba Electrical Equipment (1974), Toshiba Chemical (1974), Toshiba Lighting and Technology (1989) and Toshiba Carrier Corporation (1999).

Reactor unit 3 (right) of the Fukushima Daiichi nuclear power plant on March 16, 2011

On December 28, 1970, Tōshiba began construction of Unit 3 of the Fukushima-Daiichi nuclear power plant , in which an explosion occurred on March 14, 2011 following an earthquake and subsequent tsunamis after a power and cooling failure. The events led to a series of accidents with several core meltdowns, in which reactor units 1 to 4 were destroyed and considerable amounts of radioactive substances were released.

In 1997 Toshiba made a second attempt to gain a foothold in the US desktop computer segment with the Equium series . In 2004, the joint venture Toshiba Samsung Storage Technology was founded with Samsung .

On February 6, 2006, the company bought Westinghouse's nuclear business in the United States , which has been owned by British Nuclear Fuels plc since 1998, for $ 5.4 billion . (BNFL) and became the world leader in the nuclear business .

Company boss Norio Sasaki (2013)

Company director Norio Sasaki said in mid-April 2011 that nuclear energy remains a strong alternative and has a slight advantage over other energy sources. Even if you assume that hypothetically an accident happens every 30 years and you take into account the costs that arise from the leakage of radioactivity, you have to compare this with the reduction in carbon dioxide emissions.

In mid-2015 it became known that Toshiba had systematically reported excessively high profits. As a result, several top managers resigned, including the boss Hisao Tanaka. In December 2015, Toshiba announced that almost 7,000 jobs would have to be cut after losing billions.

In the first quarter of 2016, Toshiba sold the medical device division Toshiba Medical Systems Corporation to Canon for $ 5.9 billion .

In the first quarter of 2016, 80.1% of the household appliances division was taken over by the Chinese Midea Group , which also received the license to produce under the Toshiba brand for 40 years.

At the end of 2016 it was announced that Toshiba would have to write-offs of several billion US dollars on the former CB&I subsidiary Stone & Webster, which had been taken over by Toshiba's subsidiary Westinghouse Nuclear on December 31, 2015 . This could drain Toshiba's equity. CB&I is a consortium partner in the construction of eight AP1000 reactors and in the dismantling of nuclear power plants.

Westinghouse Nuclear filed for bankruptcy on March 29, 2017 .

In order to offset the high losses of the subsidiary Westinghouse, 59.8% of the shares in the semiconductor division Toshiba Memory were sold to a consortium led by Bain Capital on June 1, 2018 . The transaction raised $ 18 billion. Toshiba Memory has been trading under the name Kioxia since March 1, 2019.

Also at the beginning of June 2018 it was announced that Toshiba is selling 80.1% of its PC and notebook division Toshiba Client Solutions to the Foxconn subsidiary Sharp . At the same time, the buyer was granted a purchase option for the remaining 19.9% ​​stake, which was exercised in 2020, so that Toshiba has since completely exited the market for PCs and notebooks.

Toshiba is one of the last three remaining hard drive manufacturers , alongside Seagate and WD . In 2019 the company brought a 16 TB hard drive (MG08 series) onto the market.

Structure of the group

Toshiba corporate headquarters

The 2007 annual financial statements list 672 partially or fully consolidated subsidiaries of Toshiba Corporation worldwide.

The group is divided into the following divisions:

  • Digital Products Group with the areas of mobile communications, digital media, personal computers / networks
  • Electronic Devices & Components Group with the fields of semiconductors and display devices
  • Infrastructure Systems Group with the areas of power engineering, industrial systems and social infrastructure

In addition to the parent company, the following subsidiaries are listed:

  • Nishishiba Electric Co. Ltd.
  • Shibaura Mechatronics Corporation
  • Topcon Corporation
  • Toshiba Ceramics Co. Ltd.
  • Toshiba Machine Co. Ltd.
  • Toshiba Plant Systems & Services Corporation
  • Toshiba TEC Corporation

semiconductor

In a joint venture with SanDisk , Toshiba manufactured NAND flash memory chips in Yokkaichi (Japan) . The semiconductor division was the group’s most profitable in 2016 and is to be sold.

Various companies, including TSMC , Western Digital , SK Hynix , Broadcom , Silver Lake Management and KKR , had placed bids for Toshiba Memory. On June 1, 2018, Toshiba announced that the sale to a consortium led by Bain Capital for $ 18 billion had been completed. Participating in the consortium are SK Hynix, Apple , Dell Technologies , Seagate Technology and Kingston Technology . Toshiba itself has bought back 40% of the shares.

Toshiba in Germany

Toshiba Europe GmbH, Neuss

The European head office for IT / consumer / office communication is Toshiba Europe GmbH (TEG) based in Neuss . The administration of the product areas computer systems , projectors , storage media (CD, DVD, hard disks ) and entertainment electronics (DVD player, television ) is also located there. Semiconductor and electronic components are managed from Düsseldorf . There was a corresponding production plant for power semiconductors in Braunschweig , which was closed in 2007. In Regensburg there is the TRO (Toshiba Regensburg Operations), which used to manufacture high-end notebooks and components for PCs and has been the logistics center for the EMEA region (Europe, Middle East and Africa) since January 1, 2008 .

The German headquarters of TERIS (Toshiba TEC Europe Retail Information Systems), the POS systems division, is located in Neuss . TERIS was formerly known as TEC (Tokyo Electric Company).

Since taking over Westinghouse Nuclear, Toshiba was also the owner of Westinghouse Electric Germany GmbH in Mannheim .

Others

The Toshiba brand led to the established term "Toshiba Boys" in Belgian politics. This was the name given to the then adviser to the Minister for Institutional Reforms Jean-Luc Dehaene ( CD&V ), who at the end of the 1980s, using the first Toshiba notebooks that they could easily take with them to the negotiations between Flemish and Walloon as part of the third Belgian state reform, created complicated financial simulations and on the basis of them worked out the special law on the financing of communities and regions .

Products

Former and current products and productions from Toshiba:

  • Computed tomograph (2013)

  • HD-DVD player (2005)

  • Type 81 anti-aircraft missile system

  • MANPAD type 91

  • Laptop Qosmio X70-A-12N PSPLTE

  • 2.5 inch hard drive

  • Calculator microprocessor

  • Memory (RAM) for laptops

  • Radio tube 12AU7

  • Libretto 100CT UMPC (top left, 1997)

  • Toshiba Satellite A300

Individual evidence

  1. ↑ Directors and Executives , accessed January 9, 2017
  2. ↑ a b Fiscal Year 2018. Accessed November 4, 2019 .
  3. ↑ Company history
  4. ^ Nuclear Reactor Maps: Fukushima-Daiichi ( English ) Nuclear Transparency in the Asia Pacific. Archived from the original on February 15, 2005. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved March 21, 2011. @1@ 2Template: Webachiv / IABot / www.nuctrans.org
  5. ↑ http://www.bloomberg.com/news/articles/1997-06-29/japanese-p-cs-if-at-first-you-falter-reboot
  6. ↑ Press release from February 6, 2006
  7. ↑ Toshiba wins bidding dispute over Westinghouse ( Memento from July 20, 2012 in the Internet Archive )
  8. ↑ Mariko Yasu, Maki Shiraki: Silver lining in sight for makers of solar panels ( English ) The Japan Times online. April 22, 2011. Archived from the original on April 23, 2011. Retrieved on April 23, 2011: “For Toshiba, Japan's biggest maker of nuclear reactors, atomic energy still has the edge over other power sources. "Even if we hypothetically say an accident occurs once in every 30 years and that we need to consider the cost for radiation leak problems, we're also left with an issue of reducing carbon dioxide", Toshiba President Norio Sasaki said in Tokyo last week . "Nuclear power will remain as a strong option." "
  9. ↑ Balance sheet scandal: Toshiba company management knew of embellished figures , spiegel.de
  10. ↑ Toshiba boss resigns after accounting scandal , faz.net
  11. ↑ Loss of billions: Toshiba has to cut thousands of positions , spiegel.de
  12. ↑ Toshiba Gets $ 5.9 Billion Deal to Sell Medical Unit to Canon . In: Bloomberg.com . March 17, 2016 ( bloomberg.com ).
  13. ↑ japantimes.co.jp: Toshiba agrees to sell white goods unit to China's Midea for ¥ 53.7 billion
  14. ↑ Westinghouse Completes Acquisition of CB&I Stone & Webster, Inc. , January 4, 2016
  15. ↑ The nuclear power debacle brings Toshiba to the brink of bankruptcy . In: manager magazin . December 29, 2016 ( manager-magazin.de ).
  16. ↑ Westinghouse buys partner's construction business , October 28, 2015
  17. ^ Diane Cardwell, Jonathan Soble: Westinghouse Files for Bankruptcy, in Blow to Nuclear Power . In: The New York Times . March 29, 2017 ( nytimes.com ).
  18. ↑ Company information | KIOXIA. Retrieved May 27, 2020 .
  19. ↑ a b Toshiba completes $ 18 billion sale of chip unit to Bain consortium. Reuters , June 1, 2018, accessed June 2, 2018 .
  20. ↑ Sharp buys Toshiba's notebook division . crn.de. June 5, 2018. Retrieved June 22, 2018.
  21. ↑ Toshiba Transfers Shares in Dynabook to Sharp press release on Toshiba's global website from August 4, 2020, accessed on August 15, 2020
  22. ↑ Toshiba: 16 TB hard drive with conventional technology . heise.de. January 8, 2019. Accessed January 9, 2019.
  23. ↑ a b c 2007 annual financial statements  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , toshiba.co (PDF file), p. 58 ff.@1@ 2Template: Dead Link / www.toshiba.co.jp  
  24. ↑ Memory chip manufacturers are investing in new flash factories , heise online, July 18, 2010
  25. ↑ Toshiba is considering outsourcing the NAND Flash Fabs , heise online, January 18, 2017
  26. ↑ Toshiba boy, le retour , Lalibre.be, 23 August 2010 (French)

Web links

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