Toshiba provides update on reorganisation

Toshiba provides update on reorganisation

The company’s refined plan includes a tax-free spin-off of Device Co., resulting in two distinct companies with what Toshiba calls “agile management and leaner cost structures”. Toshiba Corporation, as part of its Toshiba IR Day, provided an update on its 12 November...
Ricoh reports increased sales by 7%

Ricoh reports increased sales by 7%

Ricoh has reported its consolidated financial results for the third quarter and nine months period, ended 31 December 2021. Sales in the last nine months have increased by 7.0% (to ¥1,276.1 billion ($11.1 billion/ €9.7 billion)) compared to the same period of the...
Oki impacted by material procurement issues

Oki impacted by material procurement issues

In the nine months period Oki reported decreased net sales but operating profit improved year-on-year (YoY). Oki Electric Industry Co., Ltd for the first nine months period of fiscal year 2022/23, ending 31 March 2022, reported net sales of ¥246.4 billion ($2.14...
Toshiba Tec reports massive jump in profits

Toshiba Tec reports massive jump in profits

In the company’s latest financials results for the nine months period ended 31 December 2021, the company recorded a year-on-year (YoY) increase of 171% in operating profits and an 11.8% increase YoY in net sales. Toshiba Tec reported net sales of ¥328.52 billion...
OKI announces change in presidency

OKI announces change in presidency

OKI announced that, at its meeting held on 1 February 2022, the OKI Board of Directors decided on a change in the presidency of the company. Under its Medium-Term Business Plan 2022, OKI has positioned the three-year period from FY2020 through FY2022 as a time for...