After a chaotic day of earnings, it’s become clearer Toshiba Corp. may soon end up a shadow of its former self. Buried in company presentation materials Tuesday was a note that the Tokyo-based conglomerate is considering selling a majority stake in its memory chip business, a reversal of a previous plan to limit the sale to 20 percent.
Category: Nuclear Energy
Toshiba’s Nuclear Reactor Mess Winds Back to a Louisiana Swamp
If you want to understand why Toshiba Corp. is about to report a multi-billion dollar write-down on its nuclear reactor business, the story begins and ends with a one-time pipe manufacturer with roots in the swamp country of Louisiana. The Shaw Group Inc., based in Baton Rouge, looms large in the complex tale of blown deadlines and budgets at four nuclear reactor projects in Georgia and South Carolina overseen by Westinghouse Electric Co., a Toshiba subsidiary.
Nuclear write-down leaves Toshiba with $3.5-billion loss in third-quarter: Nikkei
The logo of Toshiba is pictured on its flash memory factory, seen during a media tour in Yokkaichi, western Japan September 9, 2014. Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen in the nine months through December, the Nikkei reported on Sunday.
Japan Homes in on Lost Nuclear Fuel With Fukushima Pictures
New photographs show what may be melted nuclear fuel sitting under one of Japan’s wrecked Fukushima reactors, a potential milestone in the search and retrieval of the fuel almost six years after it was lost in one of the worst atomic disasters in history. Tokyo Electric Power Co.
Japan’s – Unresolved’ Disaster Sways Symbol of Nuclear Opposition
The man blocking the world’s largest nuclear plant says he grew opposed to atomic energy the same way some people fall in love. Previously an advocate for nuclear power in Japan, Ryuichi Yoneyama campaigned against the restart of the facility as part of his successful gubernatorial race last year in Niigata.
Toshiba’s Looming Writedown Wipes Out Gain From 2016 Share Rally
Toshiba Corp.’s impending multibillion-dollar writedown has triggered one of the worst-ever share declines for a major Japanese company, with ratings downgrades and investor pessimism erasing almost all of its 87 percent rally this year. Shares in the electronics and industrial conglomerate fell 17 percent to 259 at the close on Thursday.