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

TOSHIBA CORPORATION

(6502)
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Toshiba : New Company will Co-create an Ecosystem through Cyber Physical Systems Technology Where Everyone Can Enjoy the Benefits of Data

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02/04/2020 | 08:30am EDT

Tokyo-Toshiba Corporation (TOKYO: 6502, hereinafter 'Toshiba') today established Toshiba Data Corporation (hereinafter 'Toshiba Data') that transforms data into valuable form and returns it to the physical world.

Based on Toshiba Group's high security technology and know-how, Toshiba Data aims to build a data-circulating ecosystem that creates a prosperous future. To achieve this, Toshiba Data will apply advanced digital technology to the analysis of enormous volumes of data collected in the physical world, in such areas as personal purchasing trends, human resources, and health and behavior with, and converts the results into easy usable information and knowledge that can be returned to the physical world.

Gunosy Inc. and CUC Inc. (hereinafter 'CUC') are supporting this initiative, and have announced their participation in this ecosystem as partner companies. Toshiba Data is also in negotiations with a number of interested parties, and will continue to discuss with them.

In addition, Toshiba Data will establish an independent committee to carry out stringent checks for privacy protection.

As its first business, Toshiba Data will cultivate a new business model based on Toshiba Tec Corporation's (hereinafter 'Toshiba Tec') application 'Smart Receipt1,' which delivers receipt data to consumer's smartphones. Through Smart Receipt, consumer's receipt information from real-world stores are collected and transformed to valuable form, and returned to consumers as added values such as coupons that matches their lifestyles and needs and. At the same time, not only the consumers but also the stores will benefit from increased customers and sales.

The size of the Japan's retail market in 2018 was approximately 145 trillion yen, and transactions in bricks-and-mortar stores of approximately 136 trillion yen2, were about 15 times larger than e-commerce transactions of approximately 9 trillion yen3; 94% to 6%. Toshiba Data and Toshiba Tec will create a new service by utilizing purchase data from real-world stores with partner companies. This service will make consumers' lives more convenient and affordable, and retailers and partner companies will benefit from direct marketing to customers through advanced marketing and advertising, product development, and supply chain efficiency. It is also expected to support revitalization opportunities for local communities.

Toshiba Data will also expand its reach into healthcare, human resources and behavioral data to maximize synergies, with utilizing partner companies' services and knowledge. For example, Toshiba Data and CUC will consider creating a health support system for consumers.

Toshiba Data aims to create a better tomorrow for consumers and society by cultivating a safe and secure data-recycling ecosystem with a variety of partners.

Contact:

Tel: +81-3-3457-2100

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
TOSHIBA CORPORATION -1.10% 2790 End-of-day quote.-24.70%
TOSHIBA TEC CORPORATION -0.90% 4405 End-of-day quote.-2.54%
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Financials
Sales 2021 3 211 B 30 385 M 30 385 M
Net income 2021 91 370 M 865 M 865 M
Net cash 2021 245 B 2 316 M 2 316 M
P/E ratio 2021 13,1x
Yield 2021 0,98%
Capitalization 1 265 B 11 996 M 11 976 M
EV / Sales 2021 0,32x
EV / Sales 2022 0,29x
Nbr of Employees 125 648
Free-Float 93,2%
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 4 076,00 JPY
Last Close Price 2 790,00 JPY
Spread / Highest target 86,4%
Spread / Average Target 46,1%
Spread / Lowest Target 11,1%
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Managers
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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