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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Toshiba : Names Taro Shimada to Head its Digital Solutions Business

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03/02/2020 | 08:19am EDT

TOKYO-Toshiba Corporation (TOKYO: 6502) and Toshiba Digital Solutions Corporation (hereinafter 'TDSL') have announced that Taro Shimada, will take the reins at TDSL on April 1, succeeding Hironobu Nishikori as the company's President and CEO.

Shimada joined Toshiba Group in October 2018, from a distinguished career in industry, most notably with Germany'sSiemens. He is currently a Corporate Vice President and Chief Digital Officer of Toshiba, charged with advancing the Group's digital transformation, and as Group Executive and General Manager of the Cyber-Physical System Promotion Division has a leading role in positioning Toshiba as one of the world's leading cyber-physical-systems (CPS) technology companies.

TDSL is a core company in the Group's digital solutions business, and delivers system integration and digital service solutions that support companies in all areas of business in accelerating their digital transformation. As Toshiba promotes its transformational 'Toshiba Next Plan,' TDSL is expected to generate innovations that stimulate renewed growth.

'I really welcome the challenges of this new appointment, Shimada said. 'Mr. Nishikori has made TDSL a powerful driving force for Toshiba's transformation and growth. Going forward, I hope to be able to build on his achievements, and contribute to Toshiba's continued prosperity with solutions that open up wide horizons in CPS.'

On March 31, Hironobu Nishikori will resign as the President and CEO of TDSL, and as a Corporate Executive Vice President of Toshiba. On April 1, he will join Toshiba TEC Corporation as an Advisor; he will be nominated for the posts of President and CEO of the company at the ordinary general meeting of shareholders scheduled for June 2020.

Contact:

Tel: 3-3457-4877

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
TOSHIBA CORPORATION -0.64% 2785 End-of-day quote.-24.83%
TOSHIBA TEC CORPORATION 2.99% 3795 End-of-day quote.-16.04%
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Financials (JPY)
Sales 2020 3 410 B
EBIT 2020 128 B
Net income 2020 -125 017 M
Finance 2020 509 B
Yield 2020 0,96%
P/E ratio 2020 -10,4x
P/E ratio 2021 14,1x
EV / Sales2020 0,22x
EV / Sales2021 0,21x
Capitalization 1 263 B
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 3 400,00 JPY
Last Close Price 2 785,00 JPY
Spread / Highest target 52,6%
Spread / Average Target 22,1%
Spread / Lowest Target -10,2%
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NameTitle
Nobuaki Kurumatani President, CEO & Representative Director
Satoshi Tsunakawa Chairman
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
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