Toshiba

Toshiba Corporation
Native name
株式会社東芝
Kabushikigaisha Tōshiba
FormerlyTokyo Shibaura Electric Co., Ltd. (English name 1939–1979; Japanese name 1939–1984)
Company typePrivate
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
RevenueIncrease ¥3,336.97 billion (FY2021)a[1]
Increase ¥158.94 billion (FY2021)[1]
Increase ¥194.65 billion (FY2021)[1]
Total assetsIncrease ¥3,734.52 billion (FY2021)[1]
Total equityIncrease ¥1,366.66 billion (FY2021)[1]
OwnerJapan Industrial Partners
Number of employees
116,224 (2022)[2]
Subsidiaries
List
  • Toshiba Data Corporation
  • Toshiba Electronic Devices & Storage Corporation
  • Toshiba Digital Solutions Corporation
  • Toshiba Elevator and Building Systems Corporation
  • Toshiba Energy Systems & Solutions Corporation
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Toshiba Plant Systems & Services Corporation
  • Toshiba Trading Inc.
  • Toshiba America, Inc.
  • Toshiba Asia Pacific Pte. Ltd.
  • Toshiba (Australia) Pty Limited.
  • Toshiba (China) Co., Ltd.
  • Toshiba Europe Ltd.
  • Toshiba Gulf FZE
Websiteglobal.toshiba
Footnotes / references
  • a. Fiscal Year 2021 (FY2021) in this article is from 1 April 2021 to 31 March 2022.
  • b. Foundation date for one of the predecessor companies. The current company was established in 1904 as the direct successor of said company and its legal successor was founded in 1939.

Toshiba Corporation (株式会社東芝, Kabushikigaisha Tōshiba, English: /təˈʃiːbə, tɒ-, toʊ-/[3]) is a Japanese multinational electronics company headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives, printers, batteries, lighting, as well as IT solutions such as quantum cryptography.[4][5][6] It was formerly also one of the biggest manufacturers of personal computers, consumer electronics, home appliances, and medical equipment.

The Toshiba name is derived from its former name, Tokyo Shibaura Denki K.K.[a] which in turn was a 1939 merger between Shibaura Seisaku-sho (founded in 1875) and Tokyo Denki (founded in 1890). The company name was officially changed to Toshiba Corporation in 1978. A technology company with a long history and sprawling businesses, Toshiba is a household name in Japan and has long been viewed as a symbol of the country's technological prowess post-World War II.[7] As a semiconductor company and the inventor of flash memory, Toshiba had been one of the top 10 in the chip industry until its flash memory unit was spun off as Kioxia in the late 2010s.[8][9] The company was also relevant in consumer personal computers, releasing the first mass-market laptop in 1985 and later ranking as a major vendor of laptops; it exited the PC business in 2020 having divested it into Dynabook Inc.[10]

Toshiba faced trouble during the 2010s amid a much-publicised accounting scandal that affected its reputation, and the bankruptcy of its subsidiary nuclear energy company Westinghouse in 2017. This forced the conglomerate to shed a number of underperforming businesses, essentially eliminating the company's century-long presence in consumer markets.[11][12][13] After a rejection to split the company,[14] in 2023 Toshiba was purchased by a consortium led by Japan Industrial Partners (JIP); Toshiba turned private as a result and was delisted[15] from the Tokyo Stock Exchange after 74 years, where it was formerly a constituent of the Nikkei 225 and TOPIX 100 indices.

  1. ^ a b c d e "Consolidated financial results for the fiscal year ended March 31, 2022 (under US GAAP)" (PDF). Toshiba Corporation. Retrieved 28 May 2022.
  2. ^ "基本データ | 会社概要 | 東芝".
  3. ^ Jones, Daniel (2003) [1917], Peter Roach; James Hartmann; Jane Setter (eds.), English Pronouncing Dictionary, Cambridge: Cambridge University Press, ISBN 3-12-539683-2
  4. ^ "TOSHIBA GROUP MANAGEMENT ORGANIZATION CHART" (PDF). Toshiba Corp. 1 April 2020.
  5. ^ "Toshiba to launch quantum cryptography services this year". Nikkei Asian Review. Retrieved 27 July 2020.
  6. ^ "Why Toshiba QKD".
  7. ^ "Toshiba: Why troubled Japanese firms survive". BBC News. 14 February 2017. Retrieved 20 November 2024.
  8. ^ "Toshiba Science Museum : World's First NAND Flash Memory". toshiba-mirai-kagakukan.jp. Retrieved 16 July 2020.
  9. ^ "The History Of Our Memory｜Innovation story｜KIOXIA #FutureMemories". KIOXIA #FutureMemories. Retrieved 16 July 2020.
  10. ^ "Toshiba shuts the lid on laptops after 35 years". BBC News. 10 August 2020. Retrieved 20 November 2024.
  11. ^ Cite error: The named reference bbc-20170411 was invoked but never defined (see the help page).
  12. ^ Soble, Jonathan (21 July 2015). "Scandal Upends Toshiba's Lauded Reputation". The New York Times. ISSN 0362-4331. Retrieved 11 July 2020.
  13. ^ Mochizuki, Takashi (5 June 2018). "Toshiba to Close the Book on Its Laptop Unit". The Wall Street Journal. ISSN 0099-9660. Retrieved 27 July 2020.
  14. ^ Lewis, Leo; Slodkowski, Antoni (24 March 2022). "Toshiba shareholders reject management's plan to split company". Financial Times. Archived from the original on 10 December 2022.
  15. ^ Jolly, Jasper (20 December 2023). "End of era as Toshiba delists from Tokyo stock exchange after 74 years". The Guardian. ISSN 0261-3077. Retrieved 20 November 2024.


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