business

Toshiba CEO promises turnaround in 5 years, stronger ethics

12 Comments
By Yuri Kageyama

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12 Comments
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"that raised serious questions about its ethical practices." this is the problem when all you care about is appearance and money.

3 ( +3 / -0 )

Kurumatani, the first outsider

Nonsense, no such thing as "an outsider" when it comes to this good ol' boys' club. Sure, he might not have been an employee at Toshiba, but all these high-up people are very much cut from the same cloth.

1 ( +4 / -3 )

Yup... heard this before. Then in two years it'll be the old, "We promise to be more transparent and not repeat this..."

3 ( +5 / -2 )

Toshiba has also racked up heavy losses in its nuclear business and is selling its lucrative computer-chip business to avoid going belly-up.

well, there's your problem. You're suppose to sell what's failing and keep what's selling!

4 ( +4 / -0 )

Let's see how he does. He has not even started and all of the business experts here on Japan Today are already condemning him to failure with some even indicating he is not qualified with no supporting evidence to back this up.

Toshiba is a company with many divisions; some of which are leaders in their field. I hope he is successful in getting Toshiba back to where it should be.

0 ( +3 / -3 )

Although they'll leave nuclear power alone, they have a great chance with decommissioning nuclear powerplants, almost guaranteed work for 40 plus years.

He's not really a genuine outsider; both Toshiba and Sumitomo Mitsui are part of the Mitsui Group (Keiretsu), so he has probably seen a lot of Toshiba as they borrowed money from his previous employer. There are numerous cross-holdings between these companies, and auditors work across the boards, giving them a certain strength, but also their similar corporate mindsets can be a weakness.

Good luck to him, he'll need it!

Notice now that Nissan will take over the sponsorship of Sazae-san, after 48 years of seeing the Toshiba logo on Sunday nights!

1 ( +2 / -1 )

Same old, same old. Another middle aged Japanese man in a boring suit who went to Todai. Japan needs more women and foreigners running its companies, even the major ones, or nothing will change here.

3 ( +5 / -2 )

Oh, he’s a Todai graduate! He’ll turn the company around in no time.

I think the company will need something more than some bloke from Todai.

1 ( +4 / -3 )

I wouldn't consider him "just another Todai grad." He has worked with the government in the past, is a member on many boards, and has many connections inside Japan and abroad. I recommend reading up on him before jumping to conclusions. I think he will be successful as long is Toshiba is willing to adopt his approach (you can read up on that too).

-1 ( +2 / -3 )

They don't even sell products outside of Japan anymore... Well they do, but they are all chinese off brand products with Tobishia stamped on them. So the only true Toshiba products are only sold in Japan these days... and even still that can't begin to stack up to the competition. Toshiba is just going to flail around for more years until they close for good.

1 ( +1 / -0 )

Why would it have to take 5 years ?

0 ( +0 / -0 )

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