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Toshiba CEO Tsunakawa resigns amid restructure controversy

Screenshot shows Taro Shimada (R), new president of Toshiba Corp., attending an online press conference on March 1, 2022, as his predecessor Satoshi Tsunakawa (L) stepped down the same day amid instability and confusion caused by changes to the Japanese industrial conglomerate's controversial restructuring plan.

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Toshiba CEO Tsunakawa resigns amid restructure controversy

Screenshot shows Taro Shimada, new president of Toshiba Corp., attending an online press conference on March 1, 2022, as his predecessor Satoshi Tsunakawa stepped down the same day amid instability and confusion caused by changes to the Japanese industrial conglomerate's controversial restructuring plan.

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Toshiba plans to keep PC business amid restructuring

Toshiba Corp. President Satoshi Tsunakawa speaks during an interview with Kyodo News and other media outlets in Tokyo on June 23, 2016. Tsunakawa, who assumed his post the previous day, said Toshiba plans to keep its personal computer business for the time being, in a shift from the initial plan to integrate it with other partners. (Kyodo) ==Kyodo

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Toshiba plans to keep PC business amid restructuring

Toshiba Corp. President Satoshi Tsunakawa speaks during an interview with Kyodo News and other media outlets in Tokyo on June 23, 2016. Tsunakawa, who assumed his post the previous day, said Toshiba plans to keep its personal computer business for the time being, in a shift from the initial plan to integrate it with other partners. (Kyodo) ==Kyodo

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Toshiba Vice President Tsunakawa to become president in June

Toshiba Corp. President Masashi Muromachi (far R) and Vice President Satoshi Tsunakawa (L) get ready for a press conference in Tokyo on May 6, 2016. Toshiba said the same day that it will promote Tsunakawa, 60, to succeed Muromachi, 66, as president of the Japanese industrial conglomerate as it aims to rebuild itself under new leadership. The personnel change is expected to take effect in late June after a general shareholders' meeting. (Kyodo) ==Kyodo

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Toshiba Vice President Tsunakawa to become president in June

Toshiba Corp. Vice President Satoshi Tsunakawa speaks at a press conference in Tokyo on May 6, 2016. Toshiba said the same day that it will promote Tsunakawa, 60, to succeed Masashi Muromachi, 66, as president of the Japanese industrial conglomerate as it aims to rebuild itself under new leadership. The personnel change is expected to take effect in late June after a general shareholders' meeting. (Kyodo) ==Kyodo

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Toshiba Vice President Tsunakawa to become president in June

Undated combined photo shows Toshiba Corp. President Masashi Muromachi (L) and Vice President Satoshi Tsunakawa. Toshiba said on May 6, 2016, that it will promote Tsunakawa, 60, to succeed Muromachi, 66, as president of the Japanese industrial conglomerate as it aims to rebuild itself under new leadership. The personnel change is expected to take effect in late June after a general shareholders' meeting. (Kyodo) ==Kyodo

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Toshiba to tap vice president Tsunakawa as new president

Photo shows Satoshi Tsunakawa, corporate senior executive vice president of Toshiba Corp. The struggling electronics maker is making arrangements for the 60-year-old Tsunakawa to succeed President Masashi Muromachi, company sources said April 24, 2016. (Kyodo) ==Kyodo

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Toshiba CEO steps down after buyout offer triggers internal row

Combined file photo shows Toshiba Corp.'s Nobuaki Kurumatani (L) and Satoshi Tsunakawa. Kurumatani stepped down as president and CEO on April 14, 2021, and chairman Tsunakawa took up the posts of Kurumatani amid an internal conflict over a proposed buyout of the Japanese industrial conglomerate by Britain's CVC Capital Partners.

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Toshiba CEO steps down after buyout offer triggers internal row

Satoshi Tsunakawa, chairman and president of Toshiba Corp., gives an online press conference on April 14, 2021, as seen in this screenshot image. Tsunakawa took up the posts of Nobuaki Kurumatani, who stepped down as president and CEO the same day amid an internal conflict over a proposed buyout of the Japanese industrial conglomerate by Britain's CVC Capital Partners.

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Toshiba CEO steps down after buyout offer triggers internal row

Satoshi Tsunakawa, chairman and president of Toshiba Corp., gives an online press conference on April 14, 2021, as seen in this screenshot image. Tsunakawa took up the posts of Nobuaki Kurumatani, who stepped down as president and CEO the same day amid an internal conflict over a proposed buyout of the Japanese industrial conglomerate by Britain's CVC Capital Partners.

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Toshiba submits delayed financial report, avoids immediate delisting

Satoshi Tsunakawa, president of Toshiba Corp., answers questions from reporters at a press conference in Tokyo on Aug. 10, 2017, after the company submitted its delayed financial results for fiscal 2016. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on June 23, 2017, following an announcement that the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba release April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa speaks during a news conference at the company's headquarters in Tokyo on April 11, 2017, after the company announced its consolidated financial results for the April-Dec. period without auditor approval. Toshiba postponed the announcement of the results twice. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa bows in apology at the company's headquarters in Tokyo on April 11, 2017, after announcing the company's consolidated financial results for the April-December period without auditor approval. Toshiba postponed the announcement of the results twice. (Kyodo) ==Kyodo

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Toshiba's new CEO

Toshiba Corp. President Satoshi Tsunakawa (R) and Nobuaki Kurumatani, former deputy president of Sumitomo Mitsui Banking Corp., hold a press conference in Tokyo on Feb. 14, 2018, following Kurumatani's appointment as chairman and chief executive of Toshiba. (Kyodo) ==Kyodo

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Toshiba's new CEO

Toshiba Corp. President Satoshi Tsunakawa (R) and Nobuaki Kurumatani, former deputy president of Sumitomo Mitsui Banking Corp., shake hands at a press conference in Tokyo on Feb. 14, 2018, following Kurumatani's appointment as chairman and chief executive of Toshiba. (Kyodo) ==Kyodo

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Toshiba submits delayed financial report, avoids immediate delisting

Satoshi Tsunakawa, president of Toshiba Corp., leaves a press conference in Tokyo on Aug. 10, 2017. Earlier in the day, Toshiba submitted its delayed group financial results for fiscal 2016. (Kyodo) ==Kyodo

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Toshiba submits delayed financial report, avoids immediate delisting

Satoshi Tsunakawa, president of Toshiba Corp., walks to a press conference in Tokyo on Aug. 10, 2017. Earlier in the day, Toshiba submitted its delayed group financial results for fiscal 2016. (Kyodo) ==Kyodo

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Toshiba submits delayed financial report, avoids immediate delisting

Satoshi Tsunakawa, president of Toshiba Corp., bows at the beginning of a press conference in Tokyo on Aug. 10, 2017, after the company submitted its delayed group financial results for fiscal 2016. (Kyodo) ==Kyodo

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Toshiba submits delayed financial report, avoids immediate delisting

Satoshi Tsunakawa, president of Toshiba Corp., attends a press conference in Tokyo on Aug. 10, 2017, after the company submitted its delayed group financial results for fiscal 2016. The company's auditor PricewaterhouseCoopers Aarata LLC has issued an "opinion with qualifications" for Toshiba's annual earnings report. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on June 23, 2017, following an announcement that the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on June 23, 2017, following an announcement that the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

Toshiba Corp. President Satoshi Tsunakawa concludes a press conference in Tokyo on June 23, 2017, following an announcement that the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on June 23, 2017, following an announcement that the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba to be demoted to 2nd Section on Tokyo bourse

At a press conference in Tokyo on June 23, 2017, Toshiba Corp. President Satoshi Tsunakawa bows his head in apology as the company will be demoted from the Tokyo Stock Exchange's First Section to the Second Section on Aug. 1. (Kyodo) ==Kyodo

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Toshiba to stick to chip unit sale plan despite arbitration request

Toshiba Corp. President Satoshi Tsunakawa is pictured during a press conference in Tokyo on May 15, 2017. Tsunakawa said Toshiba will stick to its plan to sell its chip unit after partner Western Digital Corp. filed a request for arbitration with an international court to block the sale. (Kyodo) ==Kyodo

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Toshiba to stick to chip unit sale plan despite arbitration request

Toshiba Corp. President Satoshi Tsunakawa heads to a press conference in Tokyo on May 15, 2017. Tsunakawa said Toshiba will stick to its plan to sell its chip unit after partner Western Digital Corp. filed a request for arbitration with an international court to block the sale. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa (far R) attends a press conference at its headquarters in Tokyo on April 11, 2017, after the electronics maker released its consolidated earnings results for the April-December 2016 period without auditor approval. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa attends a press conference at its headquarters in Tokyo on April 11, 2017, after the electronics maker released its consolidated earnings results for the April-December 2016 period without auditor approval. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa attends a press conference at its headquarters in Tokyo on April 11, 2017, after the electronics maker released its consolidated earnings results for the April-December 2016 period without auditor approval. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa attends a press conference at its headquarters in Tokyo on April 11, 2017, after the electronics maker released its consolidated earnings results for the April-December 2016 period without auditor approval. (Kyodo) ==Kyodo

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Toshiba reports earnings without auditor OK amid rising delisting risk

Toshiba Corp. President Satoshi Tsunakawa see reporters raise their hands to ask questions during a press conference at the company's headquarters in Tokyo on April 11, 2017. Toshiba released its postponed earnings without auditor approval. (Kyodo) ==Kyodo

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Toshiba reports earnings without auditor OK amid rising delisting risk

Toshiba Corp. President Satoshi Tsunakawa leaves a room after attending a press conference at the company's headquarters in Tokyo on April 11, 2017. The electronics maker released its postponed earnings without auditor approval. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa attends a press conference at its headquarters in Tokyo on April 11, 2017, after the electronics maker released its consolidated earnings results for the April-December 2016 period without auditor approval. (Kyodo) ==Kyodo

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Toshiba release April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa speaks during a news conference at the company's headquarters in Tokyo on April 11, 2017, after the company announced its consolidated financial results for the April-December period without auditor approval. Toshiba postponed the announcement of the results twice. (Kyodo) ==Kyodo

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Toshiba releases April-Dec. earnings without auditor approval

Toshiba Corp. President Satoshi Tsunakawa bows in apology at the company's headquarters in Tokyo on April 11, 2017, after announcing the company's consolidated financial results for the April-December period without auditor approval. Toshiba postponed the announcement of the results twice. (Kyodo) ==Kyodo

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Toshiba's nuclear unit files for Chapter 11

Toshiba Corp. President Satoshi Tsunakawa completes a press conference in Tokyo on March 29, 2017, when the company announced its troubled U.S. nuclear unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection and it could post a net loss of over 1 trillion yen, the biggest ever for a nonfinancial Japanese entity. (Kyodo) ==Kyodo

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Toshiba's nuclear unit files for Chapter 11

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on March 29, 2017, as the company announced its troubled U.S. nuclear unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection and it could post a net loss of over 1 trillion yen, the biggest ever for a nonfinancial Japanese entity. (Kyodo) ==Kyodo

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Toshiba's nuclear unit files for Chapter 11

Toshiba Corp. President Satoshi Tsunakawa attends a press conference in Tokyo on March 29, 2017, as the company announced its troubled U.S. nuclear unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection and it could post a net loss of over 1 trillion yen, the biggest ever for a nonfinancial Japanese entity. (Kyodo) ==Kyodo

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Toshiba's U.S. nuclear unit files for Chapter 11 bankruptcy

Toshiba Corp. President Satoshi Tsunakawa speaks at a press conference in Tokyo on March 29, 2017. Toshiba's troubled U.S. nuclear unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection, and Toshiba now expects a group net loss of 1.01 trillion yen ($9.13 billion) for the fiscal year ending March 31, the biggest loss for a nonfinancial Japanese entity. (Kyodo) ==Kyodo

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Toshiba delays earnings release again on troubled U.S. nuclear unit

Toshiba Corp. President Satoshi Tsunakawa (R) speaks at a news conference at the company's headquarters in Tokyo on March 14, 2017. Toshiba once again pushed back the release of its financial results the same day, a month after missing the initial deadline due to the need for more time to look into an accounting problem at its U.S. nuclear unit. (Kyodo) ==Kyodo

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Toshiba delays earnings release again on troubled U.S. nuclear unit

Toshiba Corp. President Satoshi Tsunakawa (R) attends a news conference at the company's headquarters in Tokyo on March 14, 2017. Toshiba once again pushed back the release of its financial results the same day, a month after missing the initial deadline due to the need for more time to look into an accounting problem at its U.S. nuclear unit. (Kyodo) ==Kyodo

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Toshiba delays earnings release again on troubled U.S. nuclear unit

Toshiba Corp. President Satoshi Tsunakawa bows in apology during a news conference at the company's headquarters in Tokyo on March 14, 2017. Toshiba once again pushed back the release of its financial results the same day, a month after missing the initial deadline due to the need for more time to look into an accounting problem at its U.S. nuclear unit. (Kyodo) ==Kyodo

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Toshiba delays earnings release again on troubled U.S. nuclear unit

Toshiba Corp. President Satoshi Tsunakawa bows in apology during a news conference at the company's headquarters in Tokyo on March 14, 2017. Toshiba once again pushed back the release of its financial results the same day, a month after missing the initial deadline due to the need for more time to look into an accounting problem at its U.S. nuclear unit. (Kyodo) ==Kyodo

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Toshiba expects 712 bil. yen U.S. nuclear loss, delays earnings report

Undated file photo shows Toshiba Corp. Chairman Shigenori Shiga. Toshiba announced on Feb. 14, 2017, that Shiga, ex-president of its U.S. nuclear power unit, will step down on Feb. 15 and President Satoshi Tsunakawa and other executives will take pay cuts to take responsibility for an expected loss of 712.5 billion yen ($6.27 billion) from its U.S. nuclear business. (Kyodo) ==Kyodo

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Toshiba's alleged improper inner control delays earnings release

Reporters pack a room for a news conference by Toshiba Corp. President Satoshi Tsunakawa (back) at the company's headquarters in Tokyo on Feb. 14, 2017. Tsunakawa said the company found "inappropriate pressure" at its U.S. unit over the purchase of another U.S. company, prompting it to delay the release of its finalized financial results for the nine months through December. (Kyodo) ==Kyodo

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Toshiba's alleged improper internal control delays earnings release

Toshiba Corp. President Satoshi Tsunakawa (R) bows deeply at the end of a press conference at the company's headquarters in Tokyo on Feb. 14, 2017, after briefing reporters on the business forecast for the April-December period of 2016 and the full year ending March. Tsunakawa said the company found "inappropriate pressure" at its U.S. unit over the purchase of another U.S. company, prompting it to delay the release of its finalized financial results for the nine months through December. (Kyodo) ==Kyodo

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Toshiba's alleged improper inner control delays earnings release

Toshiba Corp. President Satoshi Tsunakawa bows in apology during a press conference at the company's headquarters in Tokyo on Feb. 14, 2017. Tsunakawa said the company found "inappropriate pressure" at its U.S. unit over the purchase of another U.S. company, prompting it to delay the release of its financial results for the nine months through December. (Kyodo) ==Kyodo

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Toshiba's alleged improper inner control delays earnings release

Toshiba Corp. President Satoshi Tsunakawa briefs reporters on the company's business forecast for the April-Dec. period in 2016 and the fiscal 2017 year through March during a press conference at its headquarters in Tokyo on Feb. 14, 2017. Tsunakawa said the company found "inappropriate pressure" at its U.S. unit over the purchase of another U.S. company, prompting it to delay the release of its financial results for the nine months through December. (Kyodo) ==Kyodo