Toshiba Storage Device Corporation Becomes Wholly Owned Subsidiary of Toshiba Corporation

December 28, 2010 by | Comments

 Fujitsu Limited and Toshiba Corporation today announced that Toshiba has acquired Fujitsu’s shareholding in Toshiba Storage Device Corporation (TSDC). With the completion of the transaction, TSDC has become a wholly owned subsidiary of Toshiba.

In October 2009, Fujitsu and Toshiba merged their HDD businesses. Toshiba acquired an 80.1 percent stake in TSDC, making it a Toshiba Group subsidiary. Fujitsu took a 19.9 percent stake in TSDC, which it was scheduled to hold until the end of December 2010. Toshiba has now acquired Fujitsu’s stake, making TSDC a wholly owned Toshiba subsidiary.

Overview of Toshiba Storage Device Corporation

Company name: Toshiba Storage Device Corporation (TSDC)
Capital: 350 million yen
Holding ratio: 100% Toshiba Corporation
Representative: Kazuyoshi Yamamori
Head office: 1-1, Shibaura 1-Chome, Minato-ku, Tokyo, Japan
Number of employees: Approximately 1,000
Business description: HDD design, development, production technology, quality assurance

Impact on Financial Results

Neither Fujitsu nor Toshiba will revise its consolidated financial projections for fiscal 2010 as a result of the above transaction.

–(Toshiba Corporation News Releases)–

Enjoyed it? Share it!

Digg facebook delicious live
google linkedin myspace reddit
stumble technorati twitter Yahoo
This page is archived in:

- Feeds - Financial - News 

Stay Tuned...