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Toshiba Warn They May Not Be Able To Continue Operating

Toshiba say they may not be able to continue operating if their losses continue, and they are looking to sell their memory business, which includes SD memory.

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Toshiba is warning that they may not survive as a company due to excessive losses faced by the company. 

Toshiba has released financial reports detailing losses of 532bn yen (£3.9bn) in nine months up to December 2016, stemming from problems with Toshiba’s US nuclear engineering company Westinghouse. The net loss for the full year could exceed one trillion yen (£7.3bn), making it one of the biggest losses of any Japanese corporation. However, Toshiba has released unaudited results, along with the following statement:

“There are material events and conditions that raise substantial doubt about the company’s ability to continue as a going concern” 

Ssd In Hand

In an attempt to continue operating, Toshiba is looking to sell their memory business which produces NAND memory chips, which are used in memory cards, including SD memory cards, SSD drives, and in smartphones and other devices. Toshiba is the second largest memory manufacturer, after Samsung. Broadcom and Foxconn are reported to be interested in purchasing the memory business.

The company was founded 41 years ago, and is most famously known for their laptops, but being one of the great technological pioneers, they are (or were) involved in a number of areas, including those directly related to the production and manufacture of digital cameras and components used in digital cameras.

Toshiba PDR-T20 - A 2003 Digital Camera with a touch-screen

Here we run through some of the industries Toshiba is involved in, or has been involved in:

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