TOSBF News and Press, Toshiba Corp From 03/23/23

2023-03-23 07:09:41 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Nasdaq, S&P futures rebound from post-Fed slump as markets price in no more hikes. J&J ( JNJ ) turns to Supreme Court to OK unit bankrupt...

2023-03-23 04:24:12 ET The iconic Japanese firm Toshiba ( OTCPK:TOSBF ) accepted a $15.3B buyout offer from a consortium of Japanese firms led by domestic private equity firm Japan Industrial Partners Inc., as the company moves closer to closing an eventful chapter in its history,...

Summary WingArc1st generates high cash profits and is the market leader in its domestic Japanese market for Business Document Services software. Its growth outlook looks pedestrian with its niche focus and the lack of cross-selling opportunities. Valuations are not demanding, but gi...

Summary IX cash grew 22.6% (QoQ) to $8.2 billion, with current assets now at their all-time high of $65.3 billion. ORIX Corp aims to raise its dividend payout by up to 40%, with the share buyback set at JPY50 billion by the end of FY 2023. ORIX has made huge investments in the infra...

Toshiba ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) said Thursday that a consortium led by Japan Industrial Partners submitted a final offer of ~¥2T ($15.2B) to buy the company. The offer apparently shows Toshiba's ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) sale process is back on track aft...

Summary Furukawa Battery is 57.2% owned by parent Furukawa Electric, which divested an asset to private equity in November 2022. With growing attention of erasing parent-listed subsidiary structures in corporate Japan, Furukawa Battery appears like a potential candidate. Unfortunate...

Toshiba ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) has selected a consortium led by Japan Industrial Partners as the preferred bidder for a buyout of the Japanese conglomerate, Kyodo reported Wednesday. The fund reportedly has asked several companies including Chubu Electric Power ...

Summary Ricoh Company, Ltd.'s shares are cheap on conventional metrics, with management making progress in transforming the business. Despite these efforts, the result is unlikely to be so positive that operating profit margins reach double digits and ROE reaches the low teens. ...

Summary Investors are flocking to USD, and most foreign currencies are now weak. On the surface, investment implications seem slight, but it is quite the contrary. This article will highlight the current market implications and ways that a strong USD influences foreign assets....

Summary Both Intel and Micron have dropped their pursuit of 3D XPoint / Optane. There is nothing wrong with the well-received technology itself. There is, however, lots of behind-the-scenes information in the court documents. Recap Way back in 2015, I wrote a...