Overview
In 1873, Hisashige Tanaka was hired to create telegraphic equipment by Tokyo's government, the Ministry of Engineering. At that moment, the Ministry of Engineering was accountable for marketing Japanese modernization. By 1875, there was an increase in demand from the Tokyo government which led Hisashige Tanaka to build a factory which he named Tanaka Engineering Works ("Toshiba : History," n.d.).
In 1890, a company named Hakunetsu-sha Co., Ltd. was founded by Ichisuke Fujioka to produce light bulbs. Tanaka Engineering Works and Hakunetsu-sha were the first two companies in Japan to create electrical equipment. Tanaka Engineering Works developed a waterwheel-powered turbine generator and Hakunetsu-sha created a radio transmitter. …show more content…
However, Toshiba also produces a wide range of other products such as appliances, industrial equipment, nuclear power plants, elevators semiconductors, and much more. Toshiba is also considered a major producer of computer memory chips. Furthermore, Toshiba generates 60% of their revenue from their international customers due to industrial offerings such as energy transmission and distribution systems, solar power technology, and systems for hydro and thermal power. Hence the reason why Toshiba is considered one of Japan's major producers Additionally, Toshiba currently has 153,492 employees and their financial reports indicate that as of March 2017, their annual sales are $44.56B, annual net income is ($8.68B), their net profit is ($8.68B), their net worth is ($4.97B), and they have $38.37B in total assets ("Login - Hoover's," …show more content…
Additionally, Toshiba sold their medical equipment section to Canon for approximately $6 billion yen. Moreover, Toshiba plans on selling the home appliance business section to China's Midea (Kollewe, 2017). Furthermore, Toshiba is being sued by a 45-member group of shareholders, most of whom are foreign investors. The 45-member group is suing Toshiba in the amount of $162.3 million in damages that were caused due to the accounting scandal ("Foreign investors sue Toshiba over accounting scandal,"
In 1873, Hisashige Tanaka was hired to create telegraphic equipment by Tokyo's government, the Ministry of Engineering. At that moment, the Ministry of Engineering was accountable for marketing Japanese modernization. By 1875, there was an increase in demand from the Tokyo government which led Hisashige Tanaka to build a factory which he named Tanaka Engineering Works ("Toshiba : History," n.d.).
In 1890, a company named Hakunetsu-sha Co., Ltd. was founded by Ichisuke Fujioka to produce light bulbs. Tanaka Engineering Works and Hakunetsu-sha were the first two companies in Japan to create electrical equipment. Tanaka Engineering Works developed a waterwheel-powered turbine generator and Hakunetsu-sha created a radio transmitter. …show more content…
However, Toshiba also produces a wide range of other products such as appliances, industrial equipment, nuclear power plants, elevators semiconductors, and much more. Toshiba is also considered a major producer of computer memory chips. Furthermore, Toshiba generates 60% of their revenue from their international customers due to industrial offerings such as energy transmission and distribution systems, solar power technology, and systems for hydro and thermal power. Hence the reason why Toshiba is considered one of Japan's major producers Additionally, Toshiba currently has 153,492 employees and their financial reports indicate that as of March 2017, their annual sales are $44.56B, annual net income is ($8.68B), their net profit is ($8.68B), their net worth is ($4.97B), and they have $38.37B in total assets ("Login - Hoover's," …show more content…
Additionally, Toshiba sold their medical equipment section to Canon for approximately $6 billion yen. Moreover, Toshiba plans on selling the home appliance business section to China's Midea (Kollewe, 2017). Furthermore, Toshiba is being sued by a 45-member group of shareholders, most of whom are foreign investors. The 45-member group is suing Toshiba in the amount of $162.3 million in damages that were caused due to the accounting scandal ("Foreign investors sue Toshiba over accounting scandal,"