Article: Toshiba: probe into government collusion a warning to foreign investors in Japan

Article - Media

Toshiba: probe into government collusion a warning to foreign investors in Japan

ishwarkimmins, 12 June 2021

Toshiba’s top executives once wrote in an email asking government officials to “defeat” hedge funds. Demand reported in an independent survey of shareholder consignments shows why shareholder activists rarely succeed in Japan.

Is Report on page 147 Learn more about the long-running battle between Japanese technology groups and foreign shareholders, including the Harvard Foundation and Singapore-based Effissimo. Toshiba concludes that it has colluded with the government to thwart foreign investors. Toshiba says it will review the report. Continue reading “Article: Toshiba: probe into government collusion a warning to foreign investors in Japan”

Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

Article - Media

Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

SOURAV D , 12 June 2021

On Friday, four non-Japanese independent directors of Toshiba Corp., the Tokyo-based multinational conglomerate focused on a swathe of sectors ranging from utility to industrial to consumer electronics goods, called for a sweeping overhaul of the company’s management and board after an investigation had unveiled a potential tie-up between Toshiba Corp and the Japanese Government aimed at ‘beating up’ foreign shareholders, sending shockwaves into the Japanese securities.

In point of fact, latest leg of explosive findings on Toshiba Corp’s securities exchange malpractice to squeeze more money out of foreign shareholders, would likely to add to further restrain on influx of foreign capitals into the Japanese money markets following a much-debated Ghosn scandal in late-2018 which had significantly loosened the Nissan-Renault-Mitsubishi alliance, suggested analysts. Continue reading “Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe”