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Regarding Sales of Holding in a Consolidated Subsidiary

Press Releases   •   Jan 18, 2018 01:01 GMT

Please refer to our Investor Relations website below.

http://www.toshiba.co.jp/about/ir/en/news/20180118_2.pdf

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Regarding Sales of Westinghouse-Related Assets Held by Toshiba and the Forecast for Toshiba’s Shareholders’ Equity at the end of FY2017

Press Releases   •   Jan 18, 2018 00:50 GMT

Please refer to our Investor Relations website below.

http://www.toshiba.co.jp/about/ir/en/news/20180118_1.pdf

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Regarding the Sale of Certain Shares Held by Toshiba

Press Releases   •   Jan 15, 2018 00:08 GMT

TOKYO—Toshiba Corporation (TOKYO: 6502) hereby announces the final number of shares sold and the sales price with respect to the sale (the “Sale”) of its certain shareholding in Shibaura Mechatronics Corporation (“Shibaura Mechatronics”), a Toshiba affiliate company accounted for by the equity method, announced in "Regarding the Sale of Certain Shares Held by Toshiba" dated December 4, 2017.

With the completion of the Sale, Shibaura Mechatronics will no longer be a Toshiba’s affiliate company accounted for by the equity method.

1. Number of shares sold
13,784,000 shares of common stock of Shibaura Mechatronics (approx. 26.54% of issued shares) from Toshiba’s former holdings of 18,977,463 shares (approx. 36.54% of issued shares)

2. Purchasers
Shibaura Mechatronics: 4,888,000 shares
Domestic offering* 4,699,000 shares
Shin-Etsu Engineering Co., Ltd.: 2,597,000 shares
NuFlare Technology, Inc.: 1,600,000 shares
* This includes the number of the shares sold by the exercise of the Greenshoe option that Toshiba granted to SMBC Nikko Securities Inc., the lead manager and underwriter, in relation to the offering by way of over-allotment.

3. Future outlook
The sales price per share was 425.89 yen (weighted average), and Toshiba will account for a total sales price of approximately 5.2 billion yen and profit before tax of approximately 2.2 billion yen in its consolidated accounts, taking into consideration the sale of shares to NuFlare Technology, Inc., Toshiba’s consolidated subsidiary. The profit from the Sale does not require a change in Toshiba’s consolidated business results forecasts for FY2017, ending March 31, 2018 announced on November 9, 2017.

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Disclaimer
This announcement contains forward-looking statements concerning future plans, strategies and the performance of Toshiba Group. These statements are based on management’s assumptions and beliefs in light of the economic, financial and other data currently available. Since Toshiba Group is promoting business under various market environments in many countries and regions, they are subject to a number of their risks and uncertainties. Toshiba therefore wishes to caution readers that actual results might differ materially from our expectations. Major risk factors that may have a material influence on results are indicated below, though this list is not necessarily exhaustive.
• Major disasters, including earthquakes and typhoons;
• Disputes, including lawsuits, in Japan and other countries;
• Success or failure of alliances or joint ventures promoted in collaboration with other companies;
• Success or failure of new businesses or R&D investment;
• Changes in political and economic conditions in Japan and abroad; unexpected regulatory changes;
• Rapid changes in the supply and demand situation in major markets and intensified price competition;
• Significant capital expenditure for production facilities and rapid changes in the market;
• Changes in financial markets, including fluctuations in interest rates and exchange rates.

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About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Toshiba Subsidiaries to Implement Personnel Measures Including Early Retirement Incentive Programs

Press Releases   •   Jan 12, 2018 09:45 GMT

TOKYO—Toshiba Corporation (TOKYO: 6502) today announced that Toshiba Infrastructure Systems & Solutions Corporation (TISS) and Toshiba Energy Systems & Solutions Corporation (ESS), consolidated subsidiaries that respectively promote social infrastructure and energy systems businesses, have decided to implement personnel reallocation and early retirement incentive programs with support for outplacement.

1. Reasons for Implementation
TISS operates social & industrial infrastructure and building facilities businesses, and strives to improve profitability and achieve continued growth by promoting current business through a spiral lifecycle strategy of product upgrades and improvements, and by exploring new business domains through technology development and overseas expansion. In support of these goals, TISS has decided to reinforce divisions that require strengthening and to reduce fixed expenses in indirect divisions through reallocation of human resources. Implementation of the program will strengthen TISS’s business structure.

In Japan and overseas, ESS contributes to the realization of stable power supply through its businesses in nuclear, thermal, and hydro power generation systems, and in transmission & distribution systems. As it seeks to enhance profitability and secure continued growth, ESS draws on extensive know-how and experience and IoT technologies cultivated in current businesses to provide products and services offering high added value. ESS is also strengthening its business structure by optimizing its corporate staff function and allocating appropriate human resources to each business unit, and toward this has decided to streamline its headcount by implementing the personnel reallocation and early retirement incentive program.

2. Outline of Early Retirement Incentive Programs
Both programs will be open to candidates in corporate staff functions aged 50 and above, and are expected to cover approximately 50 employees in each company. Applications will be accepted from February, and the accepted applicants will leave the company by the end of March 2018. In addition to a standard retirement payment, they will also receive a special severance payment and outplacement support, if needed.

3. Outline of TISS

(1) Name Toshiba Infrastructure Systems & Solutions Corporation
(2) Address 72-34 Horikawa-cho, Saiwai-ku Kawasaki-shi, Kanagawa, Japan
(3) Name and Title of Representative Shinichiro Akiba, President & CEO
(4) Business Outline Development, manufacture and sales of social infrastructure business products, systems and services
(5) Capital Stock 10 billion yen

4. Outline of ESS

(1) Name Toshiba Energy Systems & Solutions Corporation
(2) Address 72-34 Horikawa-cho, Saiwai-ku Kawasaki-shi, Kanagawa, Japan
(3) Name and Title of Representative Yoshihiro Aburatani, President & CEO
(4) Business Outline Development, manufacture and sales of energy business products, systems and services
(5) Capital Stock 10 billion yen

5. Future Outlook
Toshiba expects TISS and ESS to incur total operating expenses of approximately 1.6 billion yen in implementing the early retirement incentive programs. Toshiba made provision for restructuring in its business results forecast for FY2017, to March 31, 2018, as announced on November 9, 2017, and the 1.6 billion yen will be accommodated by this provision.

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About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Toshiba Completes Full and Early Payment of Guarantee Obligations for the V.C. Summer Nuclear Power Plant Project in South Carolina, U.S.A.

Press Releases   •   Jan 12, 2018 03:34 GMT

TOKYO—Toshiba Corporation today announced that it has completed early payment of the full amount of the parent company guarantee obligation in respect of the construction of Westinghouse AP1000 reactors at Units 2 and 3 of the V.C. Summer Nuclear Station in South Carolina, U.S.A. (the “Payment”), as per agreements made between Toshiba and the two owners of the V.C. Summer project: South Carolina Electric & Gas Company (SCE&G), the principal and wholly-owned subsidiary of SCANA Corporation and Santee Cooper, and subsequently with Citigroup Financial Products Inc. (Citigroup), now the holder of the rights to the claim of parent company guarantee payment after purchasing them from the two owners of the project.

As Toshiba announced on July 28 2017 in “Toshiba Settles Its Parent Company Guarantee Obligations and Payment Schedule for U.S. Nuclear Power Plant Construction Projects,” Toshiba entered into an agreement with the two owners of the project that set the maximum limit of Toshiba's guarantee obligations at US$2.168 billion (approx. 245.0 billion yen*), with payments to be made in installments during the period October 2017 to September 2022. Under the terms of this agreement, Toshiba previously made payments totaling US$ 247.5 million (approx. 28.0 billion yen).

Today’s payment was made to Citigroup in the amount of US$1,860.5 million (approx. 210.2 billion yen). This constitutes the outstanding amount of the parent company guarantee obligation, adjusted to deduct US$60 million (approx. 6.8 billion yen) related to the mechanic’s lien*1, a guarantee of payment to builders, contractors and construction firms for their work.

With the Payment, Toshiba obtains the right to pursue claims against Westinghouse for the amount paid for the parent company guarantee obligation for the V.C. Summer project, while eliminating future risk of foreign currency exchange fluctuations.

As Toshiba announced on December 14, 2017 in “Toshiba Completes Full and Early Payment of Guarantee Obligations for the Vogtle Nuclear Power Plant Project in Georgia, U.S.A.,” Toshiba has also completed early payment of the parent company guarantee obligation to the owners, including Georgia Power, a wholly-owned subsidiary of Southern Company, of the construction project for Westinghouse AP1000 reactors at Units 3 and 4 of Plant Vogtle in Georgia. In that announcement, Toshiba also stated that it was in discussions with the owners of the V.C. Summer claims about the terms and conditions required for full payment of the guaranteed amount.

With today’s payment, Toshiba has completed early payments in full to the maximum limit of its parent company guarantee obligations for Westinghouse AP1000 reactor construction projects in the U.S.

As announced on November 19, 2017, in “Toshiba to Explore Alternatives to Sell its Westinghouse Related Assets,” Toshiba plans to reduce the internal resources that it must allocate to Westinghouse’s rehabilitation proceedings by selling the claims to a third party, along with assets that include debt Toshiba holds against Westinghouse and other Westinghouse-related companies that filed for Chapter 11 bankruptcy protection*2 (the “Assets”). Toshiba plans to sell the rights to pursue claims against Westinghouse for the amount paid for the parent company guarantee obligations for both Plant Vogtle and V.C. Summer Nuclear Power Plant projects (the “Claims”), and the Assets by the end of March 2018. If the sale of the Claims and Assets are completed by that date, Toshiba expects to see an increase in its shareholders’ equity by the end of FY2017, ending March 31, 2018, due to the income from the sale and the tax impact.

Notes:
*1 A mechanic’s lien is the U.S. system for construction projects that guarantees payment to builders, contractors and construction firms for their work. When those builders, contractors and construction firms who register a mechanics’ lien are guaranteed a certain amount as a result of Westinghouse’s rehabilitation proceedings, it has the effect of reducing Westinghouse’s debt held by Toshiba through the parent company guarantee obligations by the same amount. Today’s payment to Citigroup reflects the projected impact of the reduction in the mechanic’s lien.

*2 Companies that filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code include Westinghouse Electric Company (“WEC”), certain of WEC's U.S. subsidiaries and affiliates, and Toshiba Nuclear Energy Holdings (UK) Limited, the holding company for Westinghouse Group operating companies outside the U.S.

* For convenience only, all U.S. dollar figures in this announcement are valued at 113 yen to the dollar.

###


In connection with the Financing, no securities will be or have been registered under the United States Securities Act of 1933, as amended, nor may they be offered or sold in the United States‎ absent registration or an applicable exemption from registration requirements.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration, or qualification under the securities laws. This announcement contains forward-looking statements concerning future plans, strategies and the performance of Toshiba Group. These forward-looking statements are not historical facts, rather they are based on management’s assumptions and beliefs in light of the economic, financial and other data currently available. Since Toshiba Group promotes business in various market environments in many countries and regions, its activities are subject to a number of risks and uncertainties that, without limitation, relate to economic conditions, worldwide mega-competition in the electronics business, customer demand, foreign currency exchange rates, tax rules, regulations and other factors. Toshiba therefore wishes to caution readers that actual results might differ materially from our expectations.

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Notice on an Action for Compensatory Damages Filed Against Toshiba

Press Releases   •   Dec 26, 2017 02:17 GMT

Please refer to our Investor Relations website below.

http://www.toshiba.co.jp/about/ir/en/news/20171226_1.pdf

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

Read more »
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ROV Investigates Fukushima Daiichi Unit 3

Blog posts   •   Dec 21, 2017 08:00 GMT

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Toshiba Memory Corporation to Prepare New Semiconductor Fabrication Facility

Press Releases   •   Dec 21, 2017 02:32 GMT

Please refer to our Investor Relations website below.

http://www.toshiba.co.jp/about/ir/en/news/20171221_1.pdf

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

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Toshiba Completes Full and Early Payment of Guarantee Obligations for the Vogtle Nuclear Power Plant Project in Georgia, U.S.A.

Press Releases   •   Dec 14, 2017 04:31 GMT

TOKYO — Toshiba Corporation today announced that it has completed early payment of US$3.225 billion (approx. 361.4 billion yen*) (the “Payment”), reflecting the remaining outstanding amount of its US$3.68 billion (approx. 412.3 billion, maximum) parent company guarantee obligation in respect of the construction of Westinghouse AP1000 reactors at Units 3 and 4 of Plant Vogtle in Georgia, U.S.A. The payment was made to Georgia Power, a wholly-owned subsidiary of Southern Company, in its role as agent for the owners of the project: Georgia Power; Oglethorpe Power Corporation; Municipal Electrical Authority of Georgia; and Dalton Utilities (together, the “Vogtle Owners”).

The Payment is based on an agreement with the Vogtle Owners for the early payment of the full amount of the balance of the parent company guarantee as determined by prior settlement among the Vogtle Owners and Toshiba.

With the Payment, Toshiba eliminates future risk of foreign currency exchange fluctuations, while the redemption of the parent company guarantee obligation gives it the right to pursue claims against Westinghouse for the amount paid to Vogtle Owners (the “Claims”).

As announced on November 19, 2017, in “Toshiba to Explore Alternatives to Sell its Westinghouse Related Assets,” Toshiba plans to reduce its internal resources that it must allocate to Westinghouse’s rehabilitation proceedings by selling the Claims to a third party, along with assets that include debts Toshiba holds against Westinghouse and other Westinghouse-related companies that filed for Chapter 11 bankruptcy protection*1 (the “Assets”). Toshiba plans to sell the Claims and the Assets by the end of March 2018. If the sale of the Claims is completed by that date, Toshiba expects a tax impact that would increase Toshiba’s shareholders’ equity by the end of FY2017, ending March 31, 2018.

As announced in “Toshiba and Vogtle Owners Reach Agreement on Nuclear Power Plant Construction Project in Georgia,” released on June 10, 2017, Toshiba reached an agreement with Vogtle Owners that set the limit of Toshiba’s parent company guarantee obligation at US$3.68 billion (approx.. 412.3 billion yen), and that specified that payments were to be made in installments from October 2017 to January 2021. The first payment was made in October 2017, and prior to today’s settlement in full, Toshiba had paid US$455million (approx. 50.9 billion yen).

In “Toshiba to Explore Alternatives to Sell its Westinghouse Related Assets,” released on November 19, 2017, Toshiba announced that it would seek the funding necessary to make early payment of the parent company obligation, and thereby to obtain the Claims by prepaying its parent company guarantee obligations. As announced in “Notice regarding Closing of Financing Transaction,” on December 5, 2017, Toshiba successfully closed a transaction that allowed it to obtain the necessary funding, making possible today’s Payment.

Separately from the Vogtle project, Toshiba also previously reached agreement with South Carolina Electric & Gas Company (SCE&G), the principal and wholly-owned subsidiary of SCANA Corporation, and Santee Cooper (together, the “V.C. Summer Owners”), the owners of the project in South Carolina, U.S.A., for the construction of Westinghouse AP1000 reactors at Units 2 and 3 of the V.C. Summer Nuclear Station, that sets the limit of Toshiba’s guarantee obligation as the former parent company of Westinghouse at US$2.168 billion (242.9 billion yen). The Agreement, signed in the U.S. on July 27, 2017, also specifies that payments are to be made in installments, during the period from October 2017 to September 2022, and Toshiba has timely paid the accrued installments to date. Toshiba is in discussions with the owners of the V.C. Summer claims about the terms and conditions required for full payment of the guaranteed amount as determined in the prior settlement among Toshiba and the V.C. Summer Owners.

Toshiba will promptly announce any other matters that require disclosure.

Note:

*1 Companies that filed for a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code include Westinghouse Electric Company (“WEC”), certain of WEC's U.S. subsidiaries and affiliates, and Toshiba Nuclear Energy Holdings (UK) Limited, the holding company for Westinghouse Group operating companies outside the U.S.

* For convenience only, all U.S. dollar figures in this announcement are valued at 112.5 yen to the dollar.

In connection with the Financing, no securities will be or have been registered under the United States Securities Act of 1933, as amended, and may be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration, or qualification under the securities laws of any such jurisdiction. This announcement contains forward-looking statements concerning future plans, strategies and the performance of Toshiba Group. These forward-looking statements are not historical facts, rather they are based on management’s assumptions and beliefs in light of the economic, financial and other data currently available. Since Toshiba Group promotes business in various market environments in many countries and regions, its activities are subject to a number of risks and uncertainties that, without limitation, relate to economic conditions, worldwide mega-competition in the electronics business, customer demand, foreign currency exchange rates, tax rules, regulations and other factors. Toshiba therefore wishes to caution readers that actual results might differ materially from our expectations.

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

Toshiba Corporation today announced that it has completed early payment of US$3.225 billion reflecting the remaining outstanding amount of its US$3.68 billion parent company guarantee obligation in respect of the construction of Westinghouse AP1000 reactors at Units 3 and 4 of Plant Vogtle in Georgia, U.S.A.

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Toshiba and Western Digital Reach Global Settlement and Agree to Strengthen Flash Memory Collaboration

Press Releases   •   Dec 12, 2017 22:00 GMT

TOKYO Dec. 13, 2017 and SAN JOSE, Calif. Dec.12, 2017 – Toshiba Corporation (TOKYO: 6502) (“Toshiba”), Toshiba Memory Corporation (“TMC”) and Western Digital Corporation (NASDAQ: WDC) (“Western Digital”) have entered into a global settlement agreement to resolve their ongoing disputes in litigation and arbitration, strengthen and extend their relationship, and enhance the mutual commitment to their ongoing flash memory collaboration.

As part of this agreement, TMC and Western Digital will participate jointly in future rounds of investment in Fab 6, the state-of-the-art memory fabrication facility now under construction at Yokkaichi, including the upcoming investment round announced by Toshiba in October 2017. Fab 6 will be entirely devoted to the mass production of BiCS FLASH™, the next-generation of 3D flash memory, starting next year. TMC and Western Digital similarly intend to enter into definitive agreements in due course under which Western Digital will participate in the new flash wafer fabrication facility which will be constructed in Iwate, Japan.

The parties will strengthen their flash memory collaboration by extending the terms of their joint ventures. Flash Alliance will be extended to December 31, 2029 and Flash Forward to December 31, 2027. Flash Partners was previously extended to December 31, 2029.

The parties’ agreement to resolve all outstanding disputes ensures that all parties are aligned on Toshiba’s sale of TMC to K.K. Pangea, a special purpose acquisition company formed and controlled by a consortium led by Bain Capital Private Equity, LP (“Bain Capital”). The parties have agreed on mutual protections for their assets and confidential information in connection with the sale of TMC, and on collaborating to ensure the future success of TMC as a public company following an eventual IPO.

Commenting on the agreement reached today, Dr. Yasuo Naruke, Senior Executive Vice President of Toshiba Corporation and President and CEO of TMC said: “We are very pleased to have reached this outcome, which clearly benefits all involved. With the concerns about litigation and arbitration removed, we look forward to renewing our collaboration with Western Digital, and accelerating TMC’s growth to meet growing global demand for flash memory. Toshiba also remains on track to complete our transaction with the consortium led by Bain Capital by the end of March 2018. This will ensure that TMC has the resources it needs to continue to innovate and deliver for a fast-growing flash memory market, particularly in areas driven forward by advances in AI and IoT.”

Western Digital Chief Executive Officer Steve Milligan stated: “Western Digital’s core priorities have always been to protect the JVs and ensure their success and longevity, guarantee long-term access to NAND supply, protect our interests in the JVs, and create long-term value for our stakeholders. We are very pleased that these agreements accomplish these critical goals, allow Toshiba to achieve its objectives, and also enable us to continue delivering on the power of our platform. I want to thank the hardworking teams at Western Digital and TMC for the dedication they have exhibited over the past several months, operating the JVs without interruption, and we look forward to building upon the success of our 17 year partnership.”

Yuji Sugimoto, Managing Director, Head of Japan for Bain Capital said: “Bain Capital is pleased that Toshiba and Western Digital have resolved all outstanding legal disputes. The settlement represents the best possible outcome for all parties, clearing the way for the Bain Capital-led consortium to complete its acquisition of TMC as planned. We look forward to supporting TMC to achieve its strategic objectives while enhancing these important JVs with Western Digital.”

As part of the global settlement agreement, Toshiba, TMC and Western Digital have agreed to withdraw all pending litigation and arbitration actions.

About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

To find out more about Toshiba, visit www.toshiba.co.jp/worldwide/about/index.html

Toshiba Corporation, Toshiba Memory Corporation and Western Digital Corporation have entered into a global settlement agreement to resolve their ongoing disputes in litigation and arbitration, strengthen and extend their relationship, and enhance the mutual commitment to their ongoing flash memory collaboration.

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About Toshiba Corporation

Committed to People, Committed to the Future

Toshiba’s mission to lead in innovation is based on its passion for creating products that benefit people and society, and a firm belief in the power of technology to make the world a better and safer place. The company’s commitment to Corporate Social Responsibility (CSR) is also reflected in its establishment as one of the world's foremost “eco-companies,” led by a business model that includes a greening of process, products and technology in all its operations.

Address

  • Toshiba Corporation
  • 1-1, Shibaura 1-chome, Minato-ku
  • 105-8001 Tokyo
  • Japan