Toshiba 's Lasting Reputation Of Innovation And Constant Growth
Toshiba did not get its name until 1978 when two Japanese companies merged. Tanaka Seizo-sho, establish in 1875, was a lead manufacturer of telegraph equipment. It merged with Hakunestu-sha, which was the first plant to manufacturing incandescent lamps in Japan in 1890. When they merged in 1939, they focused on electrical equipment and eventually became one of the lead innovators in many different industries including health care, electronics, and even energy. Toshiba is a public company with over 4 billion shares issued to over 345,000 shareholders. Today, Toshiba focuses on technical innovations and sell a variety of electronics including laptops, tablets, digital displays and electronic storage. Currently, Toshiba has net sales of over $55 billion.
Ernst & Young were the auditors that were involved with Toshiba when the fraud was uncovered. The thing that…