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

TOSHIBA CORPORATION

(6502)
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Toshiba : Reinforces Strategy Planning Function for Strategic Transformation to CPS Technology Company

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01/20/2020 | 08:25am EST

TOKYO -Toshiba Corporation (TOKYO: 6502) announced today that Masaharu Kamo, a former partner in McKinsey & Company Inc.Japan, joined the company on January 1, 2020, and that he will be appointed Executive Officer and Corporate Senior Vice President as of April 1.

He will oversee the company's corporate planning and management strategy.

In the course of his diverse career background, Kamo has worked in a broad range of industries, and taken on managerial responsibilities in several companies over more than 20 years. He has worked as a consultant in different industries and businesses, and served several companies as an executive.

In promoting its transformational 'Toshiba Next Plan,' Toshiba has completed the recovery of its financial base and is now shifting towards a new growth phase, toward becoming a cyber-physical systems (CPS) technology company. Kamo will take the lead in developing strategies for more proactive growth.

Toshiba Group is promoting far reaching transformation that requires highly capable resources with diverse backgrounds, and is making strategic hires to carry this forward. Kamo's participation and his role as Executive Officer and Corporate Senior Vice President will bring further diversity to the Group's management. Toshiba Group will execute the Toshiba Next Plan united as one, accepting different insights into its management from both inside and outside, as exemplified by Kamo's comment.

'I am delighted to be part of Toshiba, which has strengthened its management base and now is heading for its next growth phase with Toshiba Next Plan. Toshiba already has exquisite technology, an established customer base and a highly regarded brand. It has an organization and people committed to delivering high value to customers. As I will take over responsibility for strategic planning as an executive from April, I am thrilled about the company's bright future and possibilities. I very much want to contribute to Toshiba becoming one of the world's leading CPS technology companies, together with people here as one team, honoring the company's basic commitment, 'Committed to People, Committed to the Future.''

Career profile of Masaharu Kamo

Apr. 1992: Joined McKinsey & Company, Inc.Japan

June 1996: Executive Vice President, Nikkodo Co., Ltd.

Nov. 2000: Executive Vice President, Usen Group

June 2010: Executive Managing Officer, Lawson Inc.

Senior Executive Managing Officer from 2014

Dec. 2016: Senior Advisor, Deloitte Thomatsu Financial Advisory LLC

July 2017: Partner, McKinsey & Company, Inc.Japan

Jan. 2020: Joined Toshiba Corporation

Contact:

Tel: 1800 200 6768

(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 0,99%
P/E ratio 2020 -12,6x
P/E ratio 2021 13,1x
EV / Sales2020 0,30x
EV / Sales2021 0,26x
Capitalization 1 417 B
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3 756,00  JPY
Last Close Price 3 125,00  JPY
Spread / Highest target 47,5%
Spread / Average Target 20,2%
Spread / Lowest Target -0,80%
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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