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    6502   JP3592200004

TOSHIBA CORPORATION

(6502)
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Toshiba : Electronic Devices & Storage to Unify Business Unit Operating Bases

06/23/2021 | 11:05am EDT

TOKYO-Toshiba Electronic Devices & Storage Corporation has determined that the integral management capabilities of its business units would be enhanced by bringing together all related divisions of its core businesses at single locations.

Business unit sales divisions and planning divisions currently operating from the company's head office in Tokyo's Hamamatsucho will relocate to the same premises as their related product engineering and development divisions. The Semiconductor Division will move to the Kawasaki Toshiba Building, and the Storage Products Division to Toshiba Corporation's Yokohama Complex. The headquarter function and related corporate staff divisions will also move to the Kawasaki Toshiba Building.* The moves will be made in October this year.

In FY2023, Toshiba Corporation will complete construction of an R&D complex in Kawasaki, Kanagawa Prefecture, and all Toshiba Electronic Devices & Storage Corporation functions in the Kawasaki Toshiba Building will relocate to the new complex.

Toshiba Electronic Devices & Storage Corporation aims for more efficient administration of its business units and continues to promote measures to enhance interdivisional cooperation.

The registered headquarters is unchanged at 1-1, Shibaura 1-Chome, Minato-Ku, Tokyo, 105-0023, Japan

New head office

Address: Kawasaki Toshiba Building, 580-1, Horikawa-Cho, Saiwai-Ku, Kawasaki, Kanagawa Prefecture 212-8520, Japan

Tel: +81-44-548-2000

Division: Corporate staff divisions and Semiconductor Division

Start of unified operation: October 1, 2021

Yokohama Complex

Address: 8, Shinsugita-Cho, Isogo-Ku, Yokohama, Kanagawa Prefecture 235-0032, Japan

Division: Storage Products Division

Start of unified operation: October 1, 2021

Company names, product names, and service names may be trademarks of their respective companies.

Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 3 244 B 29 709 M 29 709 M
Net income 2022 133 B 1 215 M 1 215 M
Net Debt 2022 198 B 1 815 M 1 815 M
P/E ratio 2022 16,4x
Yield 2022 3,99%
Capitalization 2 118 B 19 388 M 19 391 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,68x
Nbr of Employees 117 300
Free-Float 93,4%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 4 760,00 JPY
Average target price 4 943,50 JPY
Spread / Average Target 3,86%
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Managers and Directors
Satoshi Tsunakawa Chairman, Executive President & CEO
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
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