Toshiba

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Last quote about Toshiba

Toru Ibayashi
U.S. yields seemed to have hit the ceiling and the dollar is weakening against the yen, and that's dragging down stocks.feedback
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Jul 18 2017
Toshiba has been commented on by 77 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about Toshiba are: Satoshi Tsunakawa, Terry Gou and Hiroshige Seko. For instance, the most recent quote from Satoshi Tsunakawa is: “Western Digital has been interfering with no due cause in the process of the chip unit sale with its request for arbitration and its lawsuit.”.
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Terry Gou - Foxconn

I haven't gotten any government money. I haven't asked for a single dollar from the Taiwan government.feedback

Tai Jeng-wu - Sharp Corporation

We will continue our efforts. We will use our track record, our efforts at Sharp, Foxconn's global reach - we are a global company, not a Taiwan company.feedback

Carlos Ghosn - Renault

No one in the consortium knows the management of the memory chip business as SK Hynix would stay in the background.feedback

Tsugio Makimoto

Chip chiefs must be someone like Carlos Ghosn, who exercised strong leadership in Nissan's turnaround. It will be hard for a patched-together group like the Japan-U.S.-South Korea consortium to achieve such leadership.feedback

Kuninori Hamaguchi - Oki Electric Industry

INCJ's investment in Renesas is considered a success. Their strategy worked because they narrowed down their target to the automotive industry and focused on automotive chips. But Toshiba's memory business is massive in scale. Flash memory will be central to data servers in coming years. It would be a capital battle.feedback

Damian Thong

The whole point of this is to help Japan retain control of the semiconductor operations and business of Toshiba. This is Japan trying to protect its position and relevance in global chip-making.feedback

Shuri Fukunaga

Toshiba appears plagued by a legacy of opaqueness. Without a complete overhaul of its organization, Toshiba will have a very difficult road to recovery of its reputation and trust, essential ingredients to its existence.feedback

Bill Melo - Toshiba America Business Solutions

I wouldn't use it for highly confidential things. But for everyday things, it would be fine.feedback

Bill Melo - Toshiba America Business Solutions

It is somewhat ironic to have a printer company focus on reducing the amount of paper we use.feedback

Paul Bowers - Georgia Power

We are pleased with today's positive developments with Toshiba and Westinghouse that allow momentum to continue at the site while we transition project management from Westinghouse to Southern Nuclear and Georgia Power. We are continuing to work with the project's Co-owners to complete our full-scale schedule and cost-to-complete analysis and will work with the Georgia Public Service Commission to determine the best path forward for our customers.feedback

Yutaka Miura - Mizuho Securities

Since Japanese tech shares had chased strong performances on the Nasdaq, they will likely see a correction for now.feedback

Michele DeWitt

Westinghouse put forth its best and final offer given the current very serious business conditions. As the Boilermakers were not willing to accept the offer, the company made the difficult decision to invoke a lockout. We are disappointed the union was unwilling to accept the fair offer presented to them but remain hopeful we will reach an agreement that is in the best interest of all parties.feedback

Masako Kuwahara - Toshiba

While we believe that the successful sale of its chip business is indispensable for Toshiba to remain a going concern, hurdles to realising such a goal are increasing.feedback

Steve Milligan - Western Digital

Toshiba's attempt to spin out its joint venture interests into an affiliate and then sell that affiliate is explicitly prohibited without SanDisk's consent. Joint ventures are inherently intimate commercial relationships, and in order to protect against being forced into such a relationship with parties not of their choosing, SanDisk and Toshiba agreed to protect their interests in the joint ventures by prohibiting transfers without the consent of the other party.feedback

Jacob Hawkins - Southern Co.

We remain in discussions with Toshiba to add structure to their payment obligation under the US$3.68 billion parent guarantee. We will take all actions necessary to hold Westinghouse and Toshiba accountable for their financial obligations, including the parent guarantee.feedback

Zheng Dongshan

How this project will go ahead smoothly, how we will have as good a relationship as we have now – this is the first challenge.feedback

Steve Milligan - Western Digital

The joint venture that we've had with Toshiba is 17 years running. I would contend that it's probably one of the most successful technology joint ventures in the history of our industry. And so our first goal is let's keep that joint venture healthy.feedback

Steve Milligan - Western Digital

Rest assured, we're going to do our very best to make sure that we protect our interests and advance not only our position, but the stakeholders that Toshiba has, and really come to a resolution that helps us to continue to be successful going forward.feedback

Hiroshige Seko

INCJ's role is to support industrial innovation and if a proposal meets its objectives then it can get involved.feedback

Richard Morningstar

What is happening to Westinghouse and Toshiba only emphasises the need to double down on research on new, safe, nuclear technologies, such as small modular reactors. If we do not do so in the US, leadership will be ceded to other countries.feedback

Richard Nephew

I don't think it is necessarily because of an inherent issue of US skills but rather the lack of practice. There simply have not been as many new reactor builds in the US and this has reduced the overall pool of skilled labor, no question. This experience may push the US into a different model, perhaps focused on smaller modular reactors, or less complicated designs.feedback

Justin Bowden

The big moral of the story is what on earth we are doing as a country, leaving our fundamental energy requirements to foreign companies or foreign governments?feedback

Amit Daryanani - RBC

We believe that WDC has rights surrounding the JV including the consent to approve/disapprove of any transaction involving the joint venture. We believe that WDC has the legal wherewithal to veto or approve a winning bid.feedback

Hiroshige Seko

For those reasons, we continue to carefully monitor Toshiba's business conditions and the sale of its chip business.feedback

Taro Aso

The problem is it is not clear why the auditors did not sign off, . If you're a shareholder or an investor, you'd look at Toshiba's earnings and ask, What is this?' This could fuel speculation that Japan's auditing standards are soft or that Toshiba has problems.feedback

Kevin Coyne - Unite

Unite renews its call to the business secretary, Greg Clark, to step in and pledge public investment to ensure that the project goes ahead on schedule, as Toshiba is in deep financial trouble and has a big question mark over its future.feedback

Kazunori Ito - Morningstar

The base case scenario could see Toshiba bring in at least 1.7 trillion yen from the sale.feedback

Damian Thong

The disposal of the memory business is absolutely key to turn around the (broader) business. The future of Toshiba will not have memory. Memory business, regardless of how it will come out, will be sold in some form to some entity, whether it's foreign or Japanese.feedback

Kevin Coyne - Unite

The latest news about the very poor financial health of Toshiba raises further concerns about its involvement in the construction of the Moorside nuclear power station in Cumbria. This follows hard on the heels of the Toshiba-owned Westinghouse Electric Company, due to supply the three AP1000 reactors for Moorside, applying for Chapter 11 bankruptcy protection in the US.feedback

Satoshi Tsunakawa

Tokyo Stock Exchange rules say that if it decides to delist a company, then it obviously thinks the stability of the market is threatened if it's not delisted immediately. So we will do our utmost to avoid being delisted.feedback

Mark Newman - Sanford Bernstein

The jobs would move to China from Japan, and furthermore China would go after market share at the expense of crushing industry economics, so the U.S., Taiwan, Korea, Japan all get hurt substantially by this arrangement.feedback

Nobuhiko Kuramochi - Mizuho Securities

The market is not too worried that more action on Syria by the U.S. is imminent and investors are not expecting Le Pen to win the French election, but the market is already tense. Investors are preparing for any possibility now.feedback

Kevin Coyne - Unite

The importance of Moorside can't be underestimated as it is expected to generate 20,000 highly skilled jobs during its construction and when it is up and running – and also supply 7% of the UK's electricity needs from 2025.feedback

Satoshi Tsunakawa

The decision on any delisting is for the stock exchange to make. We will do our utmost to avoid it.feedback

Hiroshige Seko

It is fundamentally unthinkable that the Industry Ministry would intervene and take some kind of action.feedback

Akira Kitamura - Venture

Companies are investing in open innovation because they don't want to end up like Sharp or Toshiba.feedback

Tim Yeo

The question is whether Government is prepared to reverse the principled objection it has to using taxpayer money to help support the development costs. We have been arguing for some time that the Government should use its advantageous credit rating to borrow money more cheaply than any private company would be able to.feedback

Yasuo Naruke - Toshiba

The changes in the environment for the nuclear business, including the Fukushima disaster, were the remote cause for the Westinghouse writedown.feedback

George Borovas

They can come out of this (Westinghouse bankruptcy) with a very healthy nuclear business in Japan. Business lines such as nuclear fuel supply and services have a significantly different risk profile to nuclear new build projects.feedback

Tom O'Sullivan

It would make sense. There's no point in having three companies chasing a dying market in Japan.feedback

Hiroshige Seko

The issues related to Toshiba are for the managers of individual companies to discuss.feedback

David Tawil - Maglan Capital

It's a coveted corner of the market. People like DIPs a lot; there's not a lot of opportunity. (That's) extremely rare, when you have no secured debt on a company.feedback

Satoshi Tsunakawa

We want to make this our first step toward recovering our solid business.feedback

Richard Savage

The closure of our assessment of the generic design of the AP1000 reactor is a significant step in the process, ensuring the design meets the very high standards of safety we expect. We will now focus our regulatory attention on site specific assessments, and NuGen's application for a nuclear site license.feedback

Jos Emeterio Gutirrez

(The regulator review) represents a major milestone toward bringing a new generation of safe, clean energy to the United Kingdom through the Moorside Project. In addition, it expands the global regulatory pedigree of the AP1000 plant design and further confirms Westinghouse's innovative safety technology.feedback

Kevin Marsh - Scana

Our preferred option is to finish the plants. The least preferred option is abandonment.feedback

Doug Parr - Greenpeace

The world is watching the meltdown of a major corporation and questioning the cost of new nuclear. Declaring bankruptcy in the USA might shield Toshiba from Westinghouse's debt, but as Toshiba's share price ricochets and its multi-billion dollar losses escalate, the beleaguered nuclear industry is being shaken to the core again. Every nuclear project in Europe and the USA has gone massively over time and over budget. If Moorside is to go ahead, the UK government is likely to have to wade in with taxpayers' cash now Toshiba is poised to drop its majority stake.feedback

Ai Kashiwagi - Greenpeace

Toshiba is scrambling to find a buyer to take the Westinghouse anvil from around its neck. That is unlikely given the enormous uncertainties of future costs and likely multi-year lawsuits. While KEPCO might buy into the UK's Moorside project, doing so would not be a smart move. The Moorside reactors are of the same design that sunk Westinghouse's nuclear business. While KEPCO may be desperate to access the U.K. nuclear market, they would be making the same disastrous mistake that Toshiba made with its purchase of Westinghouse a decade ago.feedback

Dan Aschenbach - Moody's

As these units get decommissioned, to stay at that percentage you need more units. But you can't get there if you cannot construct it.feedback

Jos Emeterio Gutirrez

We are focused on developing a plan of reorganization to emerge from Chapter 11 as a stronger company while continuing to be a global nuclear technology leader.feedback

Paul Dorfman

While Kepco may wish to buy into NuGen they may find it both legally and financially problematic.feedback

Paul Dorfman

Toshiba has fallen on its sword and this has significant consequences for the UK's plans for new nuclear. Kepco of South Korea may come and buy into NuGen [the consortium behind the UK's Moorside plant]. But you can't necessarily sell off the bad bits of a nuclear corporation and keep the good bits.feedback

Satoshi Tsunakawa

It is unlikely that we will carry out construction work for future nuclear power plant projects, in order to eliminate risk.feedback

Georgia Power

We're continuing to monitor the situation with Westinghouse and are prepared for any potential outcome.feedback

Georgia Power

We will continue to hold (Westinghouse) accountable for their responsibilities under our agreement. Work continues to progress at the Vogtle site, we are monitoring the situation and prepared for any potential outcome.feedback

Yoshihide Suga

Toshiba's chip business is highly competitive globally and important in terms of keeping jobs in Japan. Flash memory is also expected to increase in importance from the standpoint of information security.feedback

Shane Oliver - AMP Capital Investors

Solid U.S. employment growth of 235,000 in February, a fall in unemployment and a slight rise in wages growth keep the Fed on track to raise interest rates again this coming Wednesday. However, with U.S. monetary policy a long way from being tight, future rate hikes likely to be gradual and US economic data likely to be solid we don't see it derailing the bull market in shares.feedback

Mitsushige Akino - Ichiyoshi Investment Management

The market is holding up well considering how much it had already rallied in the previous session. But we have the Fed meeting coming up. An interest rate hike by the Fed is almost fully expected, and with the yen unlikely to weaken much further with a tightening mostly priced in, participants are wary of taking domestic stocks much higher.feedback

Stefan Worrall - Credit Suisse Group

It feels like an air pocket, as the Nikkei is boxed into a range. Near-term macro catalysts are obviously the U.S. payrolls this Friday.feedback

Mitsushige Akino - Ichiyoshi Investment Management

The market is nervous as Toshiba is reporting its earnings soon. We don't know how much Toshiba is planning to sell its semiconductor business for, and we don't know for sure how much loss in total Westinghouse will end up posting...there are too many important numbers that investors still don't know.feedback

Terry Gou - Foxconn

I cannot say we are for sure getting it, but we are very confident. We are also very sincere. Money should not be the only thing (for Toshiba) to consider... We can help its technology to be sold in products all over the world. That is Foxconn's advantage. Because we have the experience with Sharp, we think if Toshiba goes to us, we are its client, its user. We would even invite it to set up a factory in China. It can keep its core technology in Japan but it is about expanding capacity.feedback

Tom O'Sullivan

Signing up for the gas is another example of Toshiba's poor management oversight. It is also an example of a conglomerate strategy unique to Japan, where many of these corporations pursue so many different lines of business.feedback

Sekhar Basu

The financial dialogue has yet to open over the new situation.feedback

Sekhar Basu

As for the technical execution of the project, I do not see many problems.feedback

Hikaru Sato - Daiwa Securities Group

With third quarter corporate earnings releases over in Japan, investors will likely monitor the dollar-yen levels for catalysts now.feedback

Hiroki Shibata - Standard & Poor's

If any financial support includes debt-to-equity swaps or changes in loan conditions, we would consider that as selective default. In that event, we might cut its rating by several notches.feedback

Masayuki Kubota - Rakuten Securities

Usually in a corporate turnaround plan, the company would keep its most competitive business after selling non-performing businesses. This turnaround plan gives no hope for Toshiba's future.feedback

Takuya Takahashi - Daiwa Securities Group

The market took heart from Yellen's comments and such positive sentiment will likely last throughout the day.feedback

Satoshi Tsunakawa

We are considering various offers for the chips business and we will act flexibly - even if that means giving up a majority of the unit. Looking at today's numbers it is difficult to say that the acquisition was the correct choice.feedback

Yoshinori Shigemi - JPMorgan Asset Management

Since the Nikkei has recovered from its recent lows, investors started to be cautious about its valuations.feedback

Zuhair Khan - Jefferies

Finally now people are starting to recognize that internal control problems, the accounting issues and governance issues are very real and no longer abstract. They impact the viability of the company.feedback

Makoto Kikuchi

The delay shows that the company is in a mess. We can assume that the company is not delaying its earnings release for good news. The market speculates that Toshiba will be releasing figures worse than what is being reported already.feedback

Shane Oliver - AMP Capital Investors

While the low September quarter inflation reading leaves the door wide open for another rate cut, a move on Tuesday is unlikely as the inflation outcome was in line with the RBA's own forecast. It's likely to want to monitor the recent uptick in lending to property investors and see how the economy performs after the September quarter slump.feedback

Claire Kyung-min Kim - Daishin Securities

If a Chinese firm buys a stake in Toshiba it would be a risk for all other memory makers.feedback

Takuya Takahashi - Daiwa Securities Group

Negative news from the global market is souring sentiment, but even without it, investors would wait a bit to chase the market higher.feedback

Ric Spooner - CMC Markets

Newcrest Mining had a solid production report this morning, which leave it on track to achieve production guidance for the current financial year.feedback

Mark Newman - Sanford Bernstein

The NAND business is the only one with value, as it makes up all of the semi-conductor profits, which comprise 75 percent of the overall company's profit. I won't be surprised if they sell another 20 percent in a few years time and then another 20 percent.feedback

Satoshi Tsunakawa

We will do whatever it takes, including increasing capital. I really feel responsible.feedback

Yasuo Naruke - Toshiba

It used to be said we were two years behind Samsung (in 3D chips). But we were faster in (64-layer chip) sample shipments, so we believe we've caught up with Samsung technology-wise.feedback

Roger Kay

It really is in the banks best interest to extend credit further to Toshiba and try to get it back on its feet.feedback

Roger Kay

Even though they did change half of the management team 18 months ago, it looks to me that they have to clean the rest of the house… if you have repeated financial scandals, then there's something systemic that has to be addressed.feedback

Damien Thong - Macquarie Capital Securities

Toshiba's liquidity is likely more than enough to cover bond redemptions and capex (capital spending) over the next year even without operating cash inflows or fresh external financing beyond the untapped commitment line.feedback

Kathy Lien - BK Asset Management

The dollar is marking time before U.S. President-elect Donald Trump's press conference on Wednesday. Trump will most likely repeat everything that he previously vowed to achieve while giving little details on specific policy actions. The question then becomes how the markets will react - will they be disappointed by the lack of specificity or encouraged by his pledge to spend.feedback

Shigenori Shiga

At this moment, I have been told that (banks) will continue to provide support.feedback

Ken Courtis

Toshiba's immediate problem is that it is burning cash at an alarming rate, and this will be more than challenging. I see little option but to sell a slew of non-core assets.feedback

Hiroki Shibata - Standard & Poor's

Toshiba doesn't have many saleable assets in hand. It has mostly sold assets which have big price tags or that could easily find buyers already. It would be difficult to secure big funds through asset sales.feedback

Norihiro Fujito - Mitsubishi UFJ Morgan Stanley Securities

If the company wants to survive, it needs to go through a 'scrap-and-build' process. Right now, even if banks are assisting, it's like they are throwing their money down the drain.feedback

Satoshi Tsunakawa

It just defies common sense that this would come out only now about a deal done a year ago.feedback

Masako Kuwahara - Toshiba

Although Toshiba is still assessing the exact amount of the impairment loss, its financial metrics will likely deteriorate further, potentially resulting in a negative equity position.feedback

Tom O'Sullivan

This will come as an additional shock to Toshiba 's institutional investors that may further undermine confidence in company management, as well as significantly weakening its international nuclear credentials.feedback

Satoshi Tsunakawa

Sullivan noted the acquisition in December 2015 coincided with the finalizing of a record fine by Japanese regulators for accounting irregularities at Toshiba , indicating that corporate governance controls were extremely weak. We would have needed to boost our capital base anyway because our shareholders' equity ratio is low.feedback

Masahiko Ishino - Tokai Tokyo Securities

There will be a lot of companies that want to buy Toshiba 's businesses. It is possible that its NAND flash memory business would attract various buyout offers as there are few players in the market.feedback

Takuya Takahashi - Daiwa Securities Group

Most foreign investors and institutional investors are on the sidelines now.feedback

Hikaru Sato - Daiwa Securities Group

While foreign investors are away for the holidays, retail investors are the main players today.feedback

Masayoshi Hirata - Toshiba

This incident was revealed as we applied stricter rules in asset evaluation.feedback

Yoshinori Kawamura

Japan's corporate culture has changed a lot. But the Toshiba scandal highlighted a very Japanese management climate, and confidence has been lost. Though some bad aspects have been solved, we can't say with conviction that everything is really fixed.feedback

Kazutoshi Harada

Auditors are essential infrastructure for Japan's capital markets. And their listening to third-party opinions is crucial for them to function as that infrastructure.feedback

Jamie Allen

You need the bottom-up push. It's really the shareholders and the other stakeholders that drive the culture change in companies.feedback

Soren Aandahl

There has to be teeth to a policy for it to be effective. There has to be a way to deter an auditor from signing off on what should be obviously inappropriate accounting or fraud.feedback

Claire Stovall

Right now, there's an interesting mix of factors at play in Japan. The Toshiba scandal could be seen as a blow to investor confidence, but that and Abe's moves also created the opportunity for short-sellers to spark a conversation on overvalued companies.feedback

Masako Kuwahara - Toshiba

Given strong anti-nuclear-power sentiment after the Fukushima nuclear accident in 2011 and delays in plant construction, we believe this target is unrealistic.feedback

Kazuyoshi Saito - IwaiCosmo Securities

The acquisition of Toshiba Medical will allow Canon to create a new business pillar, on top of cameras and office equipment businesses. It might be a little pricey, but will generate profits in the first year. It is more reasonable than Hon Hai paying about the same for Sharp.feedback

Damian Thong

I think the bid is clearly positive for Toshiba if the number is right. It would be a good way to shore up its equity capital base which would be otherwise be a concern for lenders and investors.feedback

Masashi Muromachi - Toshiba

The nomination committee is currently discussing the CEO selection. It will make a final decision probably after the Golden Week holiday (that ends early May).feedback

Masashi Muromachi - Toshiba

Regardless of the writedown, the nuclear business is progressing as planned.feedback

Martin Hamilton-Smith

This is an example of the impact the Future Submarines project would have across other industry sectors. It also underlines the economic effects of a local build and why such effects should be taken into account when the Federal government considers where the submarines will be built.feedback

Phil Eisler

There are different methods of doing 3D. The oldest one is the red green glasses, the paper glasses you probably remember going back to the 1950s. The problem with that is that it only gives you half the colour per eye, so you get a distorted colour when you're in 3D mode. The newer methods are the sequential frame active glasses, such as the ones from Nvidia, the 3D vision glasses which give you full resolution and full colour per eye, and there is another method called micropolarised, which polarizes the light into left and right.feedback

Georg Schnurer

The screen has to be large, at least 55 inches. Any smaller and the curves won't have any effect. Secondly, it only works if you are sitting right in front of the screen, where you feel you're embedded in the picture. If you're watching TV in a group, those on the edges feel they get a warped view.feedback

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