Hisao tanaka toshiba portégé

  • Toshiba president Hisao Tanaka and his predecessor Norio Sasaki quit the company on Tuesday as one of Japan's best-known firms was hammered.
  • Toshiba's chief executive resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer.
  • Hisao Tanaka, the company's president and chief executive, quit in July as a result of the scandal.

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    Toshiba

    Japanese electronics conglomerate

    Toshiba's headquarters in Minato, Tokyo, Japan

    Native name

    		株式会社東芝

    Romanized name

    		Kabushikigaisha Tōshiba
    FormerlyTokyo Shibaura Electric Co., Ltd. (English name 1939–1979; Japanese name 1939–1984)
    Company typePrivate

    Traded as

    		TYO: 6502
    IndustryConglomerate
    Predecessors
    Founded11 July 1875; 149 years ago (1875-07-11)
    Founders
    • Tanaka Hisashige (for the Tanaka Seisakusho branch)
    • Takayasu Mitsui (for the Shibuara Seisakusho branch)
    • Miyoshi Shōichi and Fujioka Ichisuke (for the Hakunetsusha/Tokyo Denki branch)
    Headquarters

    Minato, Tokyo

    ,

    Japan

    Area served

    		Worldwide

    Key people

    Products
    Revenue¥3,336.97 billion (FY2021)a[1]

    Operating income

    		¥158.94 billion (FY2021)[1]

    Net income

    		¥194.65 billion (FY2021)[1]
    Total assets¥3,734.52 billion (FY2021)[1]
    Total equity¥1,366.66 billio

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    Toshiba UK says it has now sold 10 million PCs in the UK and Ireland, which is almost one in seven of the population, and has published an infographic (below) to commemorate the event. However, the Japanese conglomerate has slipped out of the Top 5 global PC suppliers and its digital divisions -- computers and televisions -- are currently losing money.

    Its new chief executive, Hisao Tanaka, says he isn't quitting these markets, but the company is increasing its focus on the rapidly-growing global healthcare market -- driven by aging populations in developed countries such as Japan -- and other areas, including nuclear power. (In the USA, Toshiba owns Westinghouse Electric.)

    In the 1980s, Toshiba launched the first mass-market DOS-based laptop with the Toshiba T1100, which I remember well. Not only did I buy one for about £1,000, I still have it. It enabled me to run the XYwrite word processor, which was a PC version of the Atex minicomputer-based system used by many na

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    Amid massive layoffs, Toshiba will dramatically reduce PC production

    More bad news out of Japan. Toshiba expects to lose $4.5 billion (£780b) this fiscal year and cut 30% of its consumer electronics workforce. The company will focus its PC sales on the US and Japan, which could mean the end of consumer Toshiba PC sales in Europe.

    Additionally, Toshiba will cut 1,000 jobs from its headquarters operations staff, which brings the global total to about 7,500 layoffs, according to a company statement.

    This news comes as a result of accounting irregularities that led to the resignation of former Toshiba CEO Hisao Tanaka. Tanaka and his board overstated profits by more than $1.2 billion (£780m) over a seven-year period. Tanaka encouraged business heads to falsify earnings statements shortly before the end of financial quarters so that it appeared the company was in good financial health.

    What the job cuts mean

    Toshiba will restructure how it conducts business across its Li

  • hisao tanaka toshiba portégé