Friday, April 25, 2025

Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at Toshiba Energy Systems and Solutions Corp. Toshiba posted an operating profit of 5.3 billion yen ($40.4 million) for the October-December quarter, far less than a consensus estimate of 36.95 billion yen from four analysts polled by Refinitiv. Toshiba lowered its operating profit forecast for the year ending in March to 95 billion yen from 125 billion yen.

Toshiba

The Weak Performance Comes At a Time When The Beleaguered.

industrial conglomerate is assessing a buyout proposal from a consortium led by private equity firm Japan Industrial Partners (JIP). The JIP consortium submitted its formal proposal last week, after sources said the investors had secured 1.4 trillion yen ($10.6 billion) in loan commitments for their buyout including a commitment line of 200 billion yen for working capital. The final buyout proposal would also include an equity portion of about 1 trillion yen, the sources said, adding that many details of the potential buyout have to yet to be fixed.

Tags: , , , ,

0 Comments

Leave a Comment

LATEST POSTS

सोना-चांदी के दाम में आई बड़ी गिरावट
Bizzopp Expo and Business Awards 2025: A Landmark Event in New Delhi
कोरोना की वजह से देश का लक्जरी कार बाजार 5-7 साल पीछे हुआ
The Leadership and Ethical Business Model of Arun Gee
Dollar Consolidates, Still in Demand
Dubai 22K gold price touches Dh200 a gram for first time in nine years
इंडोनेशिया ने बढ़ाई भारत की मुश्किलें, अभी 10 फीसदी और महंगा होगा खाने का तेल
Sensex 1,500 अंक तक गिरा, Nifty भी लुढ़ककर 17,000 के नीचे आया
IMF के ग्लोबल अनुमान घटाने से कच्चे तेल की कीमतों पर दबाव, 1950 डॉलर के नीचे आया सोना
महिलाओं की दिलचस्पी ऑनलाइन ट्रेडिंग बाज़ार (FX & CFD’s) में क्यों बढ़ने लगी?
Arun Kumar Saini ने लिखी कामयाबी की नई इबारत, Capital Sands ने लगाई ऊंची छलांग
RELIANCE आज पेश करेगा अपने Q4 नतीजे