Manufacturer Toshiba air conditioners, a Japanese corporation of the same name, is widely known in Russia (and throughout the world) as one of the leaders in the development of electronics, communications and computer systems, medical equipment and so on. High-tech and very reliable devices of the brand are famous for their durability and consistently high - truly Japanese - quality.

This fully applies to all climatic devices that come out under this brand, although such equipment is just one of the many activities of the company (and its range of interests is wide). Toshiba split systems are an excellent assembly, the widest functionality, as well as ideal operating parameters and characteristics that allow the equipment to adapt and work properly in any, even the most difficult weather conditions.

The corporation carefully controls and bears full responsibility for the highest quality of its products. The service life of any system of this brand is at least 15 years - an amazing result, especially when you consider that many other brands can guarantee a maximum of 10.

There is nothing surprising in this: the entire electronic filling, the "brain" of these devices - the most intelligent, but also the most vulnerable and breakage-prone part of any device - is developed only by the company's engineers and produced only at its own factories. Moreover, Toshiba provides high-quality electronics not only to itself, but also to many other famous brands.

That is why Toshiba air conditioners can be considered flagship devices and a recognized standard of climate technology.

History of Toshiba Air Conditioning Company

And the founders of the future empire producing Toshiba air conditioners were two famous Japanese inventors: mathematician and astronomer Hisashige Tanaka and electronics pioneer Ichisuke Fujioka.

Tanaka founded a telegraph equipment company back in 1875. It is this year that is considered to be the beginning of the birth of the future Toshiba corporation. By 1899, the Shibauro Electric Company (namely, that was the name of the enterprise) became the leader in the production of heavy electrical equipment in Japan.

And Fujioka specialized in the production of incandescent lamps and other lighting equipment, presciently assessing the possibilities and future prospects for the development of electricity even before it completely conquered the world and made it dependent on itself. His company was called Tokyo Electric Company.

In 1939, these two giants of electrical technology of the time merged their activities and became known as the Tokyo Shibauro Electric Company. The joint work was more than fruitful and brought brilliant results, making the corporation known to the whole world. She owns the development of many electronic innovations of those years: microwaves, transistor receivers, a computer, and so on.

By the 70s of the last century, the company boasted a wide and varied product range and many industries located in different countries. And in 1978, it received its final name, under which it is known today - Toshiba.

Initially and to this day, it was and remains a pioneer of innovative developments in different areas, including in the climate sector. In particular, it was this company that was the first to launch a household split system, a device equipped with a microprocessor, inverter devices, a digital inverter air conditioner and many other inventions.

Toshiba air conditioners today

At present, Toshiba Air Conditioning is a branched corporation with representative offices and branches all over the world, and Toshiba air conditioners are successfully sold in more than 120 countries. Manufacturing sites in Japan (Fuji plant), China and Thailand, own R&D and training center, 1,200 patented designs, numerous awards and international recognition for energy-saving and environmentally friendly environment means of production.

Tosiba began the development of the climate industry in 1930 with the release of a hermetic compressor for refrigerators. And today it is represented by an extensive line of various equipment, from systems for domestic use to semi-industrial ones, and in addition to a whole range of components (compressors, inverter units).

Two-component wall and multi-split systems with options for indoor units, cassette, channel, floor-ceiling (console), multi-zone VRF systems - high technologies and innovative developments of Japanese engineers are aimed at meeting the individual needs of each client. Each of these types of Toshiba air conditioners has its own set of performance characteristics, capabilities and consumer properties.

Why Toshiba air conditioners?

The history and achievements of the corporation with many years of experience are a guarantee of the highest quality, perfection and exceptionally professional performance of Toshiba air conditioners produced by it, which have a lot of advantages over systems from other manufacturers:

• 1. use only the most advanced and modern developments, solutions, environmentally friendly materials;
• 2. record-breaking economical, absolutely reliable, durable and virtually silent inverter technology from their inventor;
• 3. unique, diverse, multi-stage systems for self-cleaning and cleaning, ionization, deodorization of the outgoing air, which have the efficiency of professional equipment and have no analogues on the market;
• 4. highly intelligent self-diagnosis, control and automation systems developed and implemented by the manufacturer;
• 5. Impressive performance of Toshiba air conditioners - with one of the highest efficiency ratios on the market;
• 6. wide functionality of devices, including many options and different modes for any situations and occasions, including those designed specifically for children's rooms;
• 7. large authorized network service centers all around Russia;
• 8. Huge assortment.

The Epoch of Climate online store offers Toshiba products for every taste and budget. Whatever the challenges faced by the climate technology you need - Toshiba air conditioners will do great!

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Toshiba- Infobox Company company name = Toshiba Corporation 株式会社東芝 company type = Corporation tyo|6502, (lse|TOS) company key people = Hisashige Tanaka, Founder of Shibaura Engineering Works Ichisuke Fujioka and Shoichi Miyoshi, Founders of Tokyo Electric … Wikipedia

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Books

• From the experience of repairing budget TVs, Kornienko Ruslan Valerievich. The book discusses modern budget TVs 2005-2010. releases with significant sales volumes in the markets of the CIS countries, well-known manufacturers and brands: AKAI, AKIRA, ...
• Supplement to the magazine "Repair & Service". Issue No. 121: From the experience of repairing budget TVs, Kornienko Ruslan Valerievich. The book discusses modern budget TVs 2005-2010. releases with significant sales volumes in the markets of the CIS countries, well-known manufacturers and brands: Akai, Akira, ...

The history of Toshiba is full of discoveries and bold decisions. It began 140 years ago, when, under the pressure of the industrial age, Japan's well-established reputation as a state living on ancient traditions was destroyed.

The Beginning of the Journey (History of Toshiba Corporation)

Toshiba was founded by two great inventors. Hisashige Tanaka, "Thomas Edison of Asia" became widely known for his true talent as an inventor. Hisashige studied mathematics and astronomy and invented many things using his unique imagination - a light source that shone ten times brighter than a candle, a spring clock showing exact time for over 200 days. He even worked in heavy industry, where he designed locomotives, steamboats and cannons. The slogan that greeted visitors to Tanaka Engineering Works, "We improve life by creating things people need," expressed true dedication. Ichisuke Fujioka was Japan's "Father of Electronics." He pioneered the production of incandescent lamps in Japan and was a pioneer in the Japanese electronics industry.

Toshiba founders
Hisashige Tanaka and
Ichisuke Fujioka

Electricity was just beginning to take over the world, and in 1899 Japan's first manufacturer of electrical lighting equipment was named the Tokyo Electric Company. Around the same time, one of Japan's largest manufacturers of heavy electrical equipment was named Shibauro Electric Company. In 1939, the two companies merged, after which the Tokyo Shibauro Electric Company became a family name in the world, although the Toshiba brand was not the official name of the company until 1978.

Toshiba air conditioners

In the seventies of the XX century, Toshiba took its place in the world market as a modern transnational company with an impressive range of products and an extensive network of factories around the globe. In 1978, the name Toshiba Corporation was officially assigned to the company.

Through continuous development in air conditioning, Toshiba has been at the forefront of energy saving and climate control technology for decades.

1930 Tokyo Shibaura Electric Co.
(Toshiba) released the first
sealed
compressor for refrigeration
equipment and for the first time in
Japan started production
domestic refrigerators

The history of Toshiba air conditioner development began in 1930, when the company developed Japan's first hermetic compressor for refrigeration.

• 1961- we released the world's first residential split-system for air conditioning.
• 1968- Toshiba launches Japan's first rotary compressor and begins building an international network in Europe, North America and the Middle East.
• 1978- we produced the first air conditioner controlled by a microprocessor.
• 1980- Toshiba created the world's first inverter air conditioner. The revolutionary inverter compressor control technology has significantly improved specifications and increase the energy efficiency of air conditioning systems. Following Toshiba, the entire Japanese market has moved to the development and sale of air conditioners based on inverter technology.
• 1988- we released the world's first twin-rotor compressor.
• 1993- Toshiba has launched a new series of digital inverter air conditioners with a twin-rotor compressor - silent and economical.
• year 2000- Daiseikai, the world's first household air conditioner that purifies the air with the quality of a professional air purifier.
• 2010- SMMS-i, the world's first fully inverter VRF system with three compressors in the outdoor unit.
• year 2014- Toshiba Corporation entered the TOP-100 leading innovative brands (according to Thomson Reuters media company).

Toshiba today

Today, Toshiba Corporation has 112 branches and affiliated companies in almost 40 countries, and is one of the largest companies in the world. Toshiba employs approximately 200,000 people worldwide. With the main production base in Japan, and factories in Thailand and China , we sell air conditioners in more than 120 countries through our own sales network and through independent distributors.

Headquarters
Toshiba Corporation
in Tokyo

Toshiba Air Conditioning has over 1200 patents in Japan and other countries around the world. Leadership in Air Conditioning Starts with scientific developments, advanced technology and key components. Toshiba's leading position is reinforced by a system of joint management of all stages of work - from design and development to quality control of production, delivery, installation and training of our customers.

We take full responsibility for the products we offer to our customers. Toshiba creates new standards of comfort for modern man cares about the health and prosperity of society.

Scientific research and technical achievements of Toshiba

Scientific and experimental work in the field modern technologies carried out jointly with Toshiba R&D Center, reports on them are sent to engineers and specialists from other departments of the company. Toshiba is partnering with leading universities to develop fundamental and new technologies and, together with world leaders, to create ever more advanced, cost-effective and efficient climate system components.

Toshiba air conditioners have long won international recognition. To ensure maximum reliability and high quality of air conditioners, Toshiba applies a production test system for all climate equipment. All Toshiba air conditioning plants have received ISO 9001 quality management and assurance certification.

Toshiba has earned international recognition for the creation of energy-efficient products and the introduction of environmentally friendly means of production. The company's environmental management system is certified in accordance with the requirements of the ISO14001 standard. Toshiba is the first manufacturer in Japan to use R410A refrigerant in all its products. Toshiba products have earned international recognition and 14 environmental awards, including the Japan Ministry of International Trade and Industry Award.

• 2003 - “Main Prize” for contribution to energy saving in the competition of the Ministry of Energy and Resources (Japan). Product: Super MMS VRF system with cool/heat selection. Toshiba was awarded for the introduction of an energy-saving system that contributes greatly to conserving natural resources and reducing global greenhouse gas emissions.


• 2004 - Japan Refrigeration and Air Conditioning Engineering Association Award for “Best Technical Solution” . Appreciation of the achievements of technology and installation in the field of refrigeration and air conditioning.


• 2005 - Institute of Electrical Engineering (Japan). Research competition in the field of development of electrical engineering, “Incentive prize”. Nomination “new logic, device or system implemented in a commercial product or device using electronic research or technology”.

Toshiba Air Conditioner Manufacturing - Fuji Factory

Toshiba's Fuji Plant is a manufacturing base using the latest air conditioning technology. The plant is located in a location overlooking the magnificent Mount Fuji, the highest and most impressive peak in Japan, the recognized symbol of the nation.

Fuji plant
Toshiba

The Fuji plant has been in operation since 1943 and has been home to many great products, including the world's first split air conditioner and the world's first inverter split system. Currently, the plant produces domestic and industrial air conditioners, as well as the main components of air conditioners that use modern Toshiba technologies - compressors and inverter units.

Here, day after day, air conditioner compressors of any size and configuration are manufactured, indoor and outdoor units of the Super MMS multi-zone system, Daiseikai split systems and other household air conditioners are produced. The Fuji plant also produces air conditioners for industry and transport, including for the Japanese Bullet Train and other trains. From here begins the journey of our products to all corners of the world.

AIRS Training Center

The Airs Training Center is part of the Fuji Factory, an advanced air conditioning training facility that allows you to see, hear and experience the latest in air conditioning technology.

The educational center
Toshiba Airs.

The Center provides training for Toshiba sales representatives, training courses for technicians and designers, as well as certification programs for installers. Here, visitors can learn about the latest air conditioning technologies, visit a training area where they can learn technical skills and learn about various know-hows, as well as an exhibition area where videos about advanced technologies.

The Airs Learning Center provides a variety of information about our core business. By visiting Airs, you can feel the power of modern technology and the enthusiasm of the employees who create Toshiba air conditioners.

Alliance of Toshiba and Carrier

Toshiba Carrier Corp. started operations in April 1999. After the separation of the air conditioning division from Toshiba Corporation, the newly formed company merged with the American corporation Carrier, which is part of the United Technologies Corporation (UTC). Carrier Corporation has been a world leader in the manufacture and sale of HVAC equipment ever since Willis Haviland Carrier developed the basic principles modern processes air conditioning in 1902.

An association the latest technologies Toshiba, with its extensive network of Carrier representatives, has a mutually beneficial effect and makes Toshiba Carrier Corp. one of the most significant players in the global HVAC market. The general distributor of Toshiba and Carrier air conditioning systems in Russia and the CIS is AHI Carrier.

• in Moscow, St. Petersburg and other Russian cities?
• Official site "Carrier air conditioners in Russia"

Over 140 years of its history, the company has become a transnational corporation and has become one of the world's largest manufacturers of electronics and electrical engineering.

Structure

On January 15, 2019 Toshiba Group published details on reorganization of the structure which the company intends to begin in 2019 financial year, within the policy of consolidation of divisions and simplification of hierarchical structure. It is planned to reorganize and consolidate business units in the key companies of the group:

• Toshiba Energy Systems & Solutions Corporation. The goal is to become one of the world's leading companies working in the field of cyber-physical systems (CPS) data from the physical world for analysis in the virtual world digital technologies and then use them to reap the benefits through constant feedback between them. The company includes division of power systems (Power Systems Division) and division of network aggregation (Grid Aggregation Division).

• Toshiba Infrastructure Systems & Solutions Corporation. The company includes a division social systems(Social Systems Division).

• Toshiba Electronic Devices & Storage Corporation. The company includes division of system devices (System Devices Division) and the European division of Toshiba Electronics Europe (TEE).

• Toshiba Digital Solutions Corp. The company includes the division of ICT solutions (ICT Solutions Division) working in the field of solutions of artificial intelligence and Internet of things.

Also, after the sale of the Toshiba Memory division, the company retained a 40.2% stake in the new Toshiba Memory Corporation (TMC) created on the basis of this division.

Performance indicators

Main article:

2018: Reduction of revenue by 6% to 3.69 trillion yens

For fiscal year which came to the end at the end of March, 2019 revenue of Toshiba made 3.69 trillion yens ($33.67 billion at the exchange rate for May 14, 2019) that is 6% less in comparison with previous year.

The annual turnover in division of Toshiba Storage & Electronic Devices Solutions in which sales of hard drives are considered rose by 2% and reached 900.9 billion yens. In the direction of Infrastructure Systems & Solutions, a 4% rise to 1.29 trillion yen was registered.

The rest of the business turned out to be falling. For example, the division of Energy Systems & Solutions showed decrease in annual revenue by 22% to 652.7 billion yens. Sales of Industrial ICT Solutions products sank 2% to 253.1 billion yen. For 7% revenue in division of Retail & Printing Solutions decreased - to 485.4 billion yens.

Business in Russia

Story

2019

Mass layoffs as part of the restructuring

On May 13, 2019 Toshiba announced mass layoffs within the restructuring directed to recovery of financial health of the Japanese giant.

Toshiba told about liquidation of working positions in the document in which the reporting for 2018 financial year is reflected. According to the published materials, by the end of March 2019, 823 employees left, agreeing to the early retirement program.

Toshiba also intends to cut 350 jobs in the semiconductor business, which is suffering due to falling demand for chips in China. Until the end of March 2024, it is planned to dismiss a total of 7 thousand people.

Following an accounting fraud scandal and the bankruptcy of its Westinghouse Electric subsidiary, Toshiba is restructuring its operations. Several assets have been sold and cost-cutting measures implemented, but the tech giant is still looking for new revenue drivers following the sale of its lucrative semiconductor business.

Although the corporation retained a voting stake in the sold "daughter" Toshiba Memory, the Japanese giant stopped paying attention to it. Instead, he focused on energy and infrastructure products, as well as electronic equipment. In addition, it launched new business for the production of lithium-ion batteries for cars.

Toshiba is undergoing a restructuring that is hurting the company's sales, but should improve profitability, chairman and CEO Nobuaki Kurumami said.

As part of the restructuring, Toshiba has proposed a list of nominees for board members, including seven new independent and five international board members. These nominations will be considered at the annual shareholders meeting on June 26, 2019.

Structure reorganization

On January 15, 2019 Toshiba Group published details on reorganization of the structure which the company intends to begin in 2019 financial year, within the policy of consolidation of divisions and simplification of hierarchical structure.

1. Establishment of the Department for the Development of New Business Lines

The Department will serve two complementary roles: accelerating business growth with its own technology assets, and funding active external research, information and expertise through a corporate venture capital (CVC) fund. The CVC fund is 10 billion yen (over US$92.5 million). These funds will be used to invest in start-ups in Japan and abroad in areas where synergies can be achieved with the growing business of the Group - for example, in energy, logistics and life sciences - as well as in venture capital funds with experience in these sectors.

2. Reorganization and consolidation of business units in the key companies of the group

Toshiba Energy Systems & Solutions Corporation

The Business Design Project Team at Toshiba Energy Systems & Solutions Corporation will bring together resources across the company to help accelerate the growth of digital transformation businesses.

The move is in line with Toshiba Group's strategy to become one of the world's leading cyber-physical systems (CPS) companies. Such companies can collect data from the physical world for analysis in the virtual world of digital technology, and then use it to reap benefits through constant feedback between them.

On April 1, 2019, Toshiba Energy Systems & Solutions Corporation will merge the Nuclear Energy Systems & Services Division and the Thermal & Hydro Power Systems & Services Division into its structure. ) to the established Power Systems Division. In turn, the Transmission & Distribution Systems Division and the Energy Aggregation Division will be merged into the Grid Aggregation Division.

Toshiba Infrastructure Systems & Solutions Corporation

Toshiba Infrastructure Systems & Solutions Corporation will merge the Water & Environment Systems Division and the Social Systems Division into the Social Systems Division. These two divisions are already operating on the basis of common core technologies, sales and service channels, which will contribute to the optimization of both the business itself and the management structure.

Toshiba Electronic Devices & Storage Corporation

Toshiba Electronic Devices & Storage Corporation will merge the Mixed Signal IC Division and the Logic LSI Division into the System Devices Division. As a result of the consolidation, LSI technologies of analog and digital systems, which were developed in parallel in the respective divisions, will be combined. The company will strengthen management by sharing and reallocation of development resources, thus strengthening the core business and facilitating more efficient use of common functions.

Toshiba Digital Solutions Corporation

Toshiba Digital Solutions Corporation will merge the Government & Public Corporation Solutions Division and the Industrial Solutions Division into the ICT Solutions Division. The company will make better use of resources for AI and IoT technologies, and advance advances in CPS and digital transformation.

3. Reorganization and closure of the Materials and Devices Division

Toshiba will transfer the business, manufacturing operations and affiliated companies of the group, managed by the Materials & Devices Division, to the respective departments of the Group in order to strengthen their operations and ensure rapid decision making.

2018

Getting rid of distressed assets and dismissal of 7 thousand people

On November 8, 2018 Toshiba announced sale of problem assets and reduction of 7 thousand jobs that corresponds to 5% of the state. The layoff program will run for five years.

The Japanese conglomerate is selling the liquefied natural gas (LNG) business of Chinese natural gas company ENN Ecological for $15M. million tons of LNG over 20 years at Freeport LNG in Texas. The total value of the contract is $7 billion.

The cost of exiting the US LNG business has already been accounted for by Toshiba in its financial statements for the first half of the financial year. As Reuters notes, Toshiba has spent years selling gas to energy customers or getting out of business.

Toshiba also announced the liquidation of the British nuclear division of NuGen. The project involved the construction of the Moorside nuclear power plant in Britain, and Toshiba's decision raises doubts about the country's future plans to use new nuclear energy to replace the energy capacity that will be lost due to the closure of coal-fired plants that will close in the coming years.

Statement of mass layoffs, disposal of assets, as well as plans to buy up to 40% of the shares had a positive effect on Toshiba's quotes. On November 8, 2018, the company's shares rose by 12.7%, according to the Tokyo Stock Exchange. In the process of trading, the rise in quotations reached 13.7% - the highest level in the previous two years.

The updated concept of "Essence of Toshiba"

On September 26, 2018 the Toshiba corporation provided the updated concept "Essence of Toshiba" containing the rethought purposes and values.

The concept will be applied across the entire group of companies as part of an initiative to harmonize and integrate diverse businesses and processes around the world.

The Essence of Toshiba concept was presented to employees of corporation on July 1, 2018. From October 1, 2018, it will be applied in all divisions of the group, together with updated visual images. The rebrand will be implemented as part of a global advertising campaign, an updated digital and social strategy, as well as a full range of branded communication materials.

At Toshiba, we believe these strategic moves will help us lay a solid foundation for our future prosperity. The updated vision reflects our desire to make a meaningful contribution to creating a safer and cleaner world and a society that is both resilient and dynamic. We want to make people's lives comfortable and interesting, giving answers to questions that bring a wonderful future closer. Ichiro Hirata, Corporate Vice President

Recall of 3.4 million power supplies due to fire

In June 2018, Toshiba announced a global recall of computer power supplies. It turned out that the devices are prone to overheating and fire.

More than 3.4 million power supplies for Dynabook laptops and other PCs fell under the service campaign. These products were manufactured between December 2009 and July 2011 and sold in Japan, Europe and other regions. Defective products have model designations G-71C0009S210, G-71C0009T110, G-71C0009T210, or G-71C0009T116.

Over 517,000 power adapter recalls were in the Japanese market. At the same time, it is not specified who the manufacturer of low-quality products is.

According to the manufacturer, recalled PSUs may have insufficient water resistance and ignite due to the decomposition of components. Toshiba began to replace faulty computer components with new safe ones. Replacement is free of charge for customers.

Cases of overheating power adapters that led to a massive recall of Toshiba products have happened before. So, in September 2010, a Japanese electronics manufacturer announced the need to repair 41,000 Toshiba Satellite T123, Satellite T135D and Satellite Pro T130 laptops sold in the US from August 2009 to August 2010. The recall was launched after 129 cases of overheating and deformation of the plastic around the power connector were recorded. Including in two cases, consumers received minor burns, and in two other cases, minor damage was caused to the property of laptop owners.

Sale of computer business of Sharp company for 4 billion yens

In early June 2018, Japanese consumer electronics and display maker Sharp announced it was buying Toshiba's computer business, returning to a market it had left eight years earlier.

Sharp has agreed to acquire an 80.1 percent stake in Toshiba's Client Solutions division, which develops and sells laptops, for 4 billion yen (about $36.47 million at the rate of June 5, 2018). The deal is scheduled to close by October 1st.

The deal highlights Sharp's recovery under the control of Foxconn, which bought the Japanese company in 2016, according to Reuters news agency. The partnership with Foxconn is expected to help Sharp produce laptops at lower prices than competitors, boosting demand and generating profits.

The agreement between Sharp and Toshiba is unusual, as Japanese companies, by contrast, are leaving the PC, smartphone and consumer electronics markets, including TVs, under pressure from South Korean and Chinese competitors.

Toshiba sells laptops and tablets for corporate clients and consumers under the Dynabook brand. In the three fiscal years by the end of March 2018, the company's computer business accumulated an operating loss of 97 billion yen, and sales decreased by 75% due to the fact that Toshiba stopped selling PCs abroad and outsourced the production of these products. Bloomberg.

Toshiba continues to sell assets after losses incurred as a result of an accounting scandal and write-offs in the nuclear business. For example, a Japanese conglomerate sold its television, household appliances, and semiconductor businesses. According to Toshiba, the corporation is now focusing on sectors such as energy and social infrastructure.

Nobuaki Kurumatani is the new CEO

On February 14, 2018 Nobuaki Kurumatani is appointed the CEO of Toshiba. He will also head the board of directors of a Japanese corporation. Read more.

Sale of Westinghouse for $4.6 billion and its debts for $2.16 billion

In January 2018, investment corporation Brookfield Business announced the acquisition of Toshiba Corp. 100% in Westinghouse for $4.6 billion. The deal will be financed by approximately $1 billion in equity and $3 billion in long-term debt financing. The transaction is expected to close in the third quarter of 2018 and is subject to the approval of the Bankruptcy Court and other regulators.

In January 2018, it became known that Toshiba Corp. will sell claims on the assets of its bankrupt American subsidiary, Westinghouse Electric, to a consortium of investors led by the American hedge fund Baupost Group, as well as shares of Westinghouse-related companies to Brookfield investment fund.

As reported in a Toshiba press release, the company will sell claims on assets totaling about $8.1 billion for $2.16 billion. Toshiba expects to complete this transaction by the end of January 2018.

All of Toshiba's shares in companies associated with Westinghouse, including shares in its holding company in , will be sold to Brookfield, the likely future owner of Westinghouse, for $1.

Toshiba expects to sell shares of Westinghouse-related companies to Brookfield by the end of March 2018.

The sale of claims on Westinghouse's assets will be reflected in Toshiba's financial statements for the current fiscal year, resulting in an increase in its net worth of approximately 410 billion yen ($3.68 billion).

The company previously predicted that at the end of this financial year, ending in March 2018, its equity will be negative - 750 billion yen.

However, thanks to a 600 billion yen recapitalization in December 2017 through the issuance of new shares, as well as a capital increase through the sale of claims on Westinghouse assets, Toshiba expects its net worth to be positive at the end of the year. This is expected to allow it to avoid delisting shares.

2017

Redemption of 10% stake in Westinghouse from Kazatomprom

In December 2017, it was announced that Toshiba had bought a 10% stake in its bankrupt subsidiary Westinghouse Electric from the National Atomic Company (NAC) of Kazakhstan, Kazatomprom, in accordance with the terms of the put option agreement, the press service of Kazatomprom reported.

Kazatomprom acquired Westinghouse shares in 2007 from Toshiba Corporation for $540 million. Under the terms of the put option agreement, Kazatomprom had the right to sell its shares back to Toshiba Corporation for a fixed price of $522 million.

"Today, Kazatomprom received a payment for Westinghouse shares in the amount of $522 million under the previously exercised right to a put option," the report says.

The press release emphasizes that, taking into account the dividends received during the period of holding shares in the amount of $103 million, Kazatomprom made a return on investment in the total amount of $625 million, which exceeded the initial investment in Westinghouse shares by $85 million.

Sale of TV business

On November 14, 2017 Toshiba announced sale of television business Chinese manufacturer Electronics Hisense Group. The Japanese conglomerate has continued to divest assets to rebuild its crippled financial position.

According to Agence France-Presse, citing a statement from Toshiba, the company is selling a 95% stake in Toshiba's Visual Solutions division, which specializes in the production of TVs, as well as audio and video equipment. Hisense agreed to pay 12.9 billion yen ($113.6 million) for this. Toshiba retained the remaining 5% share of the business.

Commenting on the deal, Toshiba called it part of "structural reforms" aimed at strengthening the "financial base" of the corporation.

Toshiba has gone into deep loss after a multibillion-dollar write-off in the US nuclear business. As a result, the company's net asset value turned negative, threatening the manufacturer with a stock recall from the Tokyo Stock Exchange and subsequent even more serious financial problems. To prevent delisting, Toshiba has decided to sell its $18 billion semiconductor business, controlled by Swiss meter maker Landis+Gyr, and now its TV division.

For the fiscal year ending at the end of March 2017, Toshiba shipped 700,000 TVs. Revenue of Toshiba Visual Solutions made 43.7 billion yens ($384 million), losses - 6.14 billion yens ($54 million), transfers Nikkei Asian Review.

The representative of Toshiba told the edition that the transaction on sale of Toshiba Visual Solutions which is going to be closed by February, 2018, does not assume reduction of the state of this division (has about 700 people).

Japanese government and Bain Group buy out Toshiba's semiconductor business for $18 billion. The company retains a 40% stake in the new company

But Toshiba retained a 40.2% stake in the new company created from that division. Read more.

Separation of core businesses into separate companies

Toshiba Corporation consolidates advanced electronic and electrical product and system developments in three strategic business areas: energy, infrastructure and storage systems.

As of April, 2017 Toshiba consists of the following main divisions:

• Energy & Infrastructure ( power equipment, transport systems);
• Community Solutions (POS terminals, elevators and other equipment for use in buildings);
• Electronic Devices & Components (hard drives, semiconductors);
• Lifestyle Products & Services (computers, washing machines, refrigerators, cameras).

The separation of Toshiba's core business into new companies will affect about 19,000 employees. The corporation promises to keep the salaries of transferred workers, but warns that the amount of payments will vary depending on the efficiency of the new enterprises.

Some of the employees cited by the Nikkei are worried about the upcoming restructuring, which they believe could put some people out of work.

Toshiba management says there is no future for the company

On April 11, 2017 the management of Toshiba stated that he does not see the future at the company. Huge losses force the Japanese conglomerate to sell assets.

In October-December 2016, Toshiba received a net loss of 647.8 billion yen (about $5.6 billion), and in the last nine calendar months of the same year, cash losses reached 532.5 billion yen ($4.6 billion). For the 2016 fiscal year ended March 31, 2017 calendar year, the corporation expects a loss of 1.01 trillion yen ($9.2 billion).

Toshiba has twice postponed the publication of the financial report. The third delay could have led to the removal of the company's shares from the stock exchange in Tokyo, so the conglomerate provided quarterly data without the approval of the auditor - PricewaterhouseCoopers Aarata. After verification, the financial results are likely to be revised.

Start of negotiations on the sale of the TV business

On April 9, 2017 it became known of the forthcoming sale of TV business to Toshiba company.

Appliances maker Vestel has shown interest in the deal, according to the Nikkei. Vestel was involved in licensed assembly of TVs under the Toshiba brand for the European market.

The number of candidates may include Chinese companies from the Hisense Group (produces mobile and home appliances).

Experts estimate the amount of a possible deal at "several hundred million dollars". Its completion is likely in March 2018 - the end of the company's financial year.

Bankruptcy of Westinghouse Electric

On March 29, 2017, Toshiba's subsidiary, Westinghouse Electric, filed for bankruptcy in . Read more.

2016

Restarting the computer business

2015

Resignation of company president Hisao Tanaka

In mid-July 2015, the media reported on the impending resignation of Toshiba president Hisao Tanaka due to a financial scandal in a Japanese corporation.

According to the business publication Nikkei, Mr. Tanaka has already warned his associates of his intention to step down in September 2015. The name of his successor is not named. Toshiba itself refrained from informative comments, saying that no decisions have been made, as the incident related to the discovered inaccuracies in the financial statements is still being investigated.

In the spring of 2015, Toshiba announced that a number of divisions of the company in the period from 2011 to 2013 underestimated the cost of a number of infrastructure projects, which led to inflated profit expectations. A special independent committee was created, which began to check the activities of Toshiba.

According to the Nikkei, the commission found that Hisao Tanaka and former Toshiba president Norio Sasaki, who by mid-2015 is vice chairman of the board of directors of the company, instructed their subordinates to delay the calculation of losses in a number of infrastructure projects. If the involvement of top managers is proved, they cannot avoid layoffs. This may be announced after the end of the investigation, the source adds.

6,800 job cuts

The liquidation of work positions will be carried out both in Japan, where it is planned to launch an early retirement program, and abroad. Toshiba did not specify the amount of cuts in a particular country.

The announced personnel reorganization will have a greater impact on the company's television business. In the division occupied by him, 3,700 jobs will be cut, which corresponds to 80% of the total. Toshiba will also sell its TV facility in Indonesia.

In addition, it is planned to sell a research complex in the suburbs of Tokyo and a controlling stake in the medical equipment business, which the corporation previously called one of the main drivers of its income growth.

According to the Nikkei edition, Toshiba will spend about 200 billion yens ($1.64 billion) for restructuring. Against the background of these expenses the company expects the record loss equal to 550 billion yens ($4.5 billion) following the results of the 12-month reporting period which will come to the end at the end of March, 2016. A year earlier, net losses were measured at 38 billion yen ($312 million).

Also, the Japanese conglomerate predicts a rather big operating loss for the year - 340 billion yen ($2.78 billion). This suggests that large cash losses are associated not only with one-time expenses for business transformation, but also with the company's problems in daily work in the market, The Wall Street Journal notes.

According to Bloomberg, Toshiba's loss of more than 500 billion yen is more than double the corporation's total net income over the past 20 years.

At the time of the close of the Tokyo Stock Exchange on December 21, 2015, which took place before the announcement of losses and job cuts at Toshiba, the company's shares had fallen in price by almost 10%. Since March 2015, securities have almost halved in price.

Identification of grandiose frauds in overstatement of financial indicators

Main article:

In April 2015, Toshiba discovered errors in the financial statements and initiated an investigation, which was conducted by a team of independent auditors until August. They found that Toshiba management deliberately misrepresented financial indicators, which led to an overstatement of earnings by 155 billion yen ($1.3 billion) over the seven-year period starting in 2008. This is three times more than the amount that was discussed in the company itself before the start of the audit. Profit before tax was overstated by 225 billion yens ($1.9 billion), follows from the message of Toshiba of September 7, 2015. Read more.

2012: Acquisition of a part of business of IBM

Toshiba is in talks with IBM to acquire part of its Point of Sale Terminal (POS) business and cash registers used in stores to pay customers for purchases - an unnamed source told Reuters on April 17, 2012. It is known that he is directly related to the upcoming deal.

According to the Japanese newspaper Nikkei business daily (unofficial data), Toshiba intends to pay IBM about $870 million, or 70 billion Japanese yen. Part of the funds Toshiba will allocate from its own cash reserves, part will take on credit.

Analysts explain such a high cost of the transaction with an extensive base of IBM clients with access to international markets. In particular, it includes the world's largest retail network Walmart Stores and Toys "R" Us, the largest chain of toys and children's goods stores, both are headquartered in . IBM currently holds the largest share of the POS terminal market at 22%, while Toshiba's division has only 7%.

If deal goes through, half owned by Toshiba subsidiary Toshiba Tec will become the world's largest manufacturer of POS terminals and related equipment. It also acts as a manufacturer of cash registers and management software. retail sales and warehousing activities. Obviously, the acquisition will allow Toshiba Tec not only to acquire an impressive customer base and increase its presence in the market, but also to strengthen its technological leadership. The company already offers for store owners, buyers and product manufacturers whole line promising cloud services.

After the announcement of the forthcoming deal, despite the general contraction of the market, Toshiba Tec's share price increased by 7.5% and reached $4.09. Presumably the final decision will follow a meeting of members of the boards of directors of the companies.

For entertainment systems, players and laptops).

The appointment of Thompson was the beginning of a new stage in the development of the Japanese company, as for the first time a European will take the presidency.

1939: Merger of the companies in Tokyo Shibaura Electric

In 1939, the two companies, each a leader in their field, agreed to merge and form a joint electrical equipment manufacturer called Tokyo Shibaura Denki (Tokyo Shibaura Electric). Soon this company became widely known under the name Toshiba.

1890: Establishment of the lamp factory Hakunetsusha & Co.

Hakunetsusha & Co was founded in 1890 by Ichisuke Fujioka, the first Japanese manufacturer of electric incandescent lamps.

1875: Tanaka Seizo-sho founded

The history of Toshiba began in 1875, the year of the founding of Tanaka Seizo-sho (Tanaka Engineering Works), which became the first Japanese manufacturer of telegraph equipment. The founder of the company, Hisashige Tanaka, was a well-known inventor in Japan. Among his most outstanding inventions are mechanical dolls and watches that do not need to be wound.

Toshiba Corporation is an electrical engineering corporation producing electronic, energy and medical equipment.

Photo: https://www.toshiba.co.jp/worldwide/index.html

About company

Year of foundation

Toshiba was legally registered in 1938 under the name Tokyo Shibaura Electric K.K. In the process of merging with two companies: Shibaura Seisaku-sho and Tokyo Denki, in 1978 the company received its famous name Toshiba Corp.

Activities

Energy systems and solutions (Energy Systems & Solutions Company):

• large-scale power generation systems: nuclear power (PWR, ABWR) and thermal power;
• renewable energy solutions: hydro, geothermal and solar panels;
• energy storage, transmission and distribution: battery-based energy storage systems, fuel cells, electricity and gas meters (Landis+Gyr), autonomous power supply systems based on hydrogen (hydrogen cells charged by solar panels).

Infrastructure systems and solutions (Infrastructure Systems & Solutions Company):

• solutions for construction organizations: elevators, air conditioning systems, lighting and power supply of buildings;
• solutions for social and industrial infrastructure: water treatment plants, broadband broadcasting systems, highway solutions, disaster prevention systems, batteries, railway systems, automation and security systems, airport dispatch systems, industrial systems.

Storage systems and electronics (Storage & Electronic Devices Solutions Company):

• solid state drives SSD;
• NAND flash memory;
• solutions for data centers;
• discrete components;
• electronics for transport;
• sensors and image recognition systems;
• industrial electronics;
• mobile electronics.

Industrial ICT solutions (Industrial ICT Solutions Company):

• cloud computing;
• media analytics, speech and image processing, behavioral analysis;
• cloud computing;
• peripheral computing - data processing at workstations, allowing to optimize costs;
• media analytics, speech and image processing, behavioral analysis.

Toshiba Corporation in Russia

In 2001, the first Russian representative office of Toshiba was opened.

Later, in 2003, Toshiba CIA took charge of doing business in the Russian consumer market (since July 2015, it has been in liquidation).

In 2006, another Russian division of the corporation, Toshiba Rus, was formed, which became responsible for the b2b direction.

In the summer of 2017, it became known about the final departure of Toshiba from the Russian consumer market. Hiroaki Tezuka, General Director of Toshiba Rus LLC, announced this. According to him, the corporation stopped selling TVs, refrigerators and thermos kettles. He clarified that the latest Toshiba brand products were delivered retail chains and distributors back in December 2014.

Also, Mr. Tezuka added that it was difficult to work in the Russian market due to high competition with Korean companies. In particular, the products of Samsung and LG accounted for 70% of the TV market, while Toshiba - only 10%.