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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 - 11/25
2872 JPY   -1.85%
09:55aTOSHIBA : Employee Receives 1906 Award from IEC
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Toshiba targets $3 billion revenue in quantum cryptography by 2030

10/18/2020 | 12:40pm EST
The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo

TOKYO (Reuters) - Toshiba Corp said on Monday it aims to generate $3 billion in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate scrambles to find future growth drivers.

The cyber security technology, called quantum key distribution (QKD), leverages the nature of quantum physics to provide two remote parties with cryptographic keys that are immune to cyberattacks driven by quantum computers.

Toshiba expects the global QKD market to grow to $12 billion in 10 years with the advance of quantum computers, whose massive computational power could easily decipher conventional math-based cryptographic keys commonly used in finance, defence and health care.

The company is hoping to tap global demand for advanced cryptographic technologies as cyber security has come to the forefront of national defence. China is aggressively expanding network infrastructure for QKD, including quantum satellites that relay quantum signals.

The company said it has teamed up with Verizon Communications Inc in the United States and BT Group in Britain in pilot QKD projects, and is in talks with another telecommunications carrier in South Korea.

Since a crisis stemming from the bankruptcy of the U.S. nuclear power business in 2017, Toshiba has conducted a series of restructuring steps, including the sale of its laptop and television set businesses.

It is now focusing on public infrastructure businesses that are resilient to a global economic slump driven by the coronavirus outbreak.

(Reporting by Makiko Yamazaki, Editing by Sherry Jacob-Phillips)

By Makiko Yamazaki


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC 0.20% 125.5 Delayed Quote.-34.78%
TOSHIBA CORPORATION -1.85% 2872 End-of-day quote.-22.48%
VERIZON COMMUNICATIONS INC. -0.38% 60.41 Delayed Quote.-1.24%
All news about TOSHIBA CORPORATION
09:55aTOSHIBA : Employee Receives 1906 Award from IEC
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11/23TOSHIBA : Global Commerce Solutions appoints new CEO
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11/20TOSHIBA : Electronic Devices & Storage Corporation
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11/13TOSHIBA : Opens First H2OneTM Multi Station in Tsuruga City, Fukui Prefecture
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11/12TOSHIBA : Announces Environmental Future Vision 2050
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11/11TOSHIBA : to end coal power plant construction, shift to renewables
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11/10TOSHIBA : second-quarter profit down 64% on pandemic, below estimates
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11/10TOSHIBA : Presentation
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11/09TOSHIBA : Cerberus seeks $3 billion for flagship private equity fund -sources
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More news
Financials
Sales 2021 3 287 B 31 458 M 31 458 M
Net income 2021 75 488 M 722 M 722 M
Net cash 2021 130 B 1 247 M 1 247 M
P/E ratio 2021 17,6x
Yield 2021 1,11%
Capitalization 1 303 B 12 449 M 12 466 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,34x
Nbr of Employees 125 648
Free-Float 93,2%
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Technical analysis trends TOSHIBA CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 6
Average target price 3 960,00 JPY
Last Close Price 2 926,00 JPY
Spread / Highest target 60,3%
Spread / Average Target 35,3%
Spread / Lowest Target 5,95%
EPS Revisions
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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