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

TOSHIBA CORPORATION

(6502)
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Toshiba : Notice on New Management Structure and Introduction of Corporate Officer System

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01/20/2020 | 08:18am EST

Notice on New Management Structure and Introduction of Corporate Officer System.

Toshiba Corporation (TOKYO: 6502) today announced that it will revise its Management structure, effective from April 1, 2020.

Toshiba Group has completed recovery of its financial base under the 'Toshiba Next Plan' and is shifting its focus to a new growth phase and its transformation to become one of the world's leading cyber-physical systems (CPS) technology companies.

Toshiba Group will execute the Toshiba Next Plan with a new Management structure that further clarifies responsibilities for business execution and the supervisory function, in order to ensure speedy decision-making and support future growth.

Currently the Chairman and CEO and the President and COO shares responsibilities about business execution. Mr. Nobuaki Kurumatani, currently Chairman and CEO, will become President and CEO and take on authority and responsibility for business execution and ensuring speedy decision-making. Mr. Satoshi Tsunakawa, currently President and COO, will become Chairman, and in that capacity responsible for promoting Toshiba Group's external activities and presence. He will also monitor and supervise business execution as a Director.

In addition, the Company will introduce a Corporate Officer system ('Shikkouyakuin-seido') that will provide key personnel who lead the development of Toshiba Group with responsibilities, authority and compensation commensurate with their achievements, and enhance their presence in external sales activities. Please note 'Corporate Officer' ('Shikkouyakuin') is different from 'Executive Officer' ('Shikkouyaku'). 'Executive Officer' is a legally defined post set out in the Companies Act of Japan and 'Corporate Officer' shares management responsibilities under supervision of 'Executive Officer.'

Executive Officers as of April 1, 2020

Representative Executive Officer, President and Chief Executive Officer

Nobuaki Kurumatani

Representative Executive Officer, Corporate Senior Executive Vice President

Masayasu Toyohara

Representative Executive Officer, Corporate Executive Vice President

Masayoshi Hirata

Naoya Sakurai

Mamoru Hatazawa

Executive Officer, Corporate Executive Vice President

Hironobu Nishikori

Executive Officer, Corporate Senior Vice President

Hiroshi Fukuchi

Takayuki Konno

Hiroyuki Sato

Masaharu Kamo

Executive Officer, Corporate Vice President

Keiichi Yumita

Tsutomu Kamijo

Taro Shimada

Hideaki Ishii

New Executive Officer, as of April 1, 2020

Executive Officer, Corporate Senior Vice President

Hiroyuki Sato

April 1984

April 2000

September 2002

April 2004

July 2011

September 2015

Joined Toshiba Corporation

Manager,ODD Sales & Marketing Dept., Storage Device Div.

GeneralManager, Sales & Marketing Dept., Storage Device Div.

GeneralManager, Business Planning Div., Storage Device Div.

VicePresident, Storage Products Div.

GeneralManager, Strategic Planning Div.

Executive Officer, Corporate Senior Vice President

Masaharu Kamo

April 1992

June1996

November2000

June2010

December2016

July2017

January2020

Joined McKinsey & Company, Inc.Japan

Executive Vice President, Nikkodo Co., Ltd.

ExecutiveVice President, Usen Corp.

Executive Managing Officer, Lawson, Inc.

*Senior Executive Managing Officer from 2014

Senior Advisor, Deloitte Thomatsu Financial AdvisoryLLC

Partner,McKinsey & Company, Inc.Japan

JoinedToshiba Corporation

Executive Officer, Corporate Vice President

Hideaki Ishii

April 1982

April 1999

July 2006

February 2011

April 2014

October 2019

Joined Toshiba Corporation

Manager,Quality Assurance Sect., Transportation Systems Dept., Fuchu Works

SeniorManager, Transportation Systems Dept., Fuchu Complex

TechnologyExecutive, Railway Systems Div.

ChiefTechnology Executive, Social Infrastructure Systems Company

Assistantto Corporate Executive Vice President

Executive Officers to be retired on March 31, 2020

Representative Executive Officer, President and COO

Satoshi Tsunakawa To become Chairman on April 1, 2020

Representative Executive Officer, Corporate Senior Executive Vice President

Shinichiro Akiba

Executive Officer, Corporate Executive Vice President

Shiro Saito

Executive Officer, Corporate Vice President

Ayumi Wada To become Corporate Officer, Corporate Vice President

Corporate Officers as of April 1, 2020

Corporate Officer, Corporate Senior Vice President

Noriaki Hashimoto

Corporate Officer, Corporate Vice President

Hitoshi Otsuka

Hiroshi Yamamoto

Shun Egusa

Ayumi Wada

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2020 3 442 B
EBIT 2020 135 B
Net income 2020 -117 395 M
Finance 2020 389 B
Yield 2020 0,96%
P/E ratio 2020 -13,1x
P/E ratio 2021 13,6x
EV / Sales2020 0,32x
EV / Sales2021 0,28x
Capitalization 1 474 B
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3 756,00  JPY
Last Close Price 3 250,00  JPY
Spread / Highest target 41,8%
Spread / Average Target 15,6%
Spread / Lowest Target -4,62%
EPS Revisions
Managers
NameTitle
Nobuaki Kurumatani Executive Chairman & Chief Executive Officer
Satoshi Tsunakawa President, Chief Operating Officer & Director
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Hiroshi Yamamoto Chief Technology Officer
Keiichi Yumita Chief Information Officer
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