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

TOSHIBA CORPORATION

(6502)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 03/31
2380 JPY   -0.71%
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Toshiba : Publishes English Edition of Environmental Report 2019

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02/03/2020 | 09:12am EDT

Tokyo-Toshiba Corporation (TOKYO: 6502) today published the English edition of Toshiba Group Environmental Report 2019.

In recent years, environment issues, including climate change, energy and resource depletion, and growing waste generation, have become increasingly serious. Toshiba Group recognizes responding to these problems as one of the most important issues management faces. In the 'Toshiba Next Plan,' the company-wide transformation plan announced in 2018, Toshiba Group states that it will contribute to solutions to social issues and achievement of the SDGs. In addition, to strengthen initiatives to counter climate change, Toshiba Group declared its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)1 in May 2019.

The report explains in detail Toshiba Group's initiatives to achieve the SDGs, and its response to climate change, including initiatives in accordance with the TCFD recommendations. It also provides an overview of Toshiba Group's long-term Environmental Vision 20502, the progress of the Sixth Environmental Action Plan that is being promoted to achieve the vision, specific initiatives in manufacturing, products and services, and basic activities that support those initiatives.

The report has the following sections:

Special Feature

Two items are featured in this section. The first introduces Group policy for contributing to achievement of the SDGs, and cases of the products and services and advanced technologies used to do this in three categories: 'De-carbonized Society,' 'Sustainable City,' and 'Circular Economy.' The second reports on Toshiba Group's response to climate change, including the results of analyses of risks and opportunities in line with TCFD recommendations, and efforts to quantify greenhouse gas emissions throughout the supply chain.

Vision and Strategies

The section provides an overview of Toshiba Group's Environmental Vision 2050, and reports on the goals of the Sixth Environmental Action Plan (FY2017-2020) and achievements to date. Also, Toshiba Group is quantifying environmental impacts at each stage of product life cycles. Impacts are then reported by region and type, using the latest environmental impact assessment method.

Business (Manufacturing)

Toshiba Group promotes environmentally-conscious manufacturing process, and this section looks at efforts to reduce greenhouse gas emissions, waste volumes, the volume of water received and volume of chemicals discharged per unit of production. Cases include energy-saving measures at Fuchu Complex in Tokyo and waste reduction measures at the Group's HDD production site in the Philippines.

Business (Products and Services)

Reduced consumption of energy and resources are constant targets, and drive forward efforts to deliver low-carbon energy technologies and energy-saving products and services. Toshiba Group is making efforts to reduce use of resources and expand use of recycled materials, and to cut the amounts of specified chemical substances in products. Cases once again look at specifics, such as lowering the energy consumption of air conditioners and MFPs, resource-saving designs for elevators, and the promotion of international standardization of a simplified screening method for phthalates3.

Management

The closing section looks at the basic activities, such as environmental risk and compliance measures, the environmental management structure, environmental education and human resources development, environment-related communications, and conservation of biodiversity. The latter details how Toshiba Group sites around the world are promoting initiatives to contribute to the 'Aichi Targets4' and provides cases from sites around the world, including Japan, Thailand, and the United States.

Contact:

Tel: +81-3-3457-2096

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2020 3 417 B
EBIT 2020 133 B
Net income 2020 -120 780 M
Finance 2020 483 B
Yield 2020 0,84%
P/E ratio 2020 -9,16x
P/E ratio 2021 10,4x
EV / Sales2020 0,17x
EV / Sales2021 0,16x
Capitalization 1 077 B
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3 600,00  JPY
Last Close Price 2 374,00  JPY
Spread / Highest target 81,1%
Spread / Average Target 51,6%
Spread / Lowest Target 5,31%
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Managers
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Nobuaki Kurumatani President, CEO & Representative Director
Satoshi Tsunakawa Chairman
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Hiroshi Yamamoto Chief Technology Officer
Keiichi Yumita Chief Information Officer
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