Editing Toshiba (section)

===2015 accounting scandal===
Toshiba first announced in May 2015 that it was investigating an accounting scandal and it might have to revise its profits for the previous three years.<ref>{{Cite news |last1=Ando |first1=Ritsuko |last2=Gallagher |first2=Chris |date=8 May 2015 |title=Toshiba cancels dividend, pulls outlook in accounting scandal |work=[[Reuters]] |url=https://www.reuters.com/article/us-toshiba-outlook-idUSKBN0NT0NN20150508 |access-date=15 May 2015}}</ref><ref>{{Cite news |last1=Ando |first1=Ritsuko |last2=Sano |first2=Hideyuki |last3=Desai |first3=Umesh |date=14 May 2015 |title=Toshiba eyes three-year profit markdown in accounts probe; impact seen limited, shares up |work=[[Reuters]] |url=https://www.reuters.com/article/us-toshiba-outlook-idUSKBN0NY2S020150514 |access-date=15 May 2015}}</ref> On 21 July 2015, CEO Hisao Tanaka announced his resignation amid an accounting scandal that he called "the most damaging event for our brand in the company's 140-year history". Profits had been inflated by $1.2 billion over the previous seven years.<ref>{{Cite web |date=22 July 2015 |title=Toshiba CEO quits over $1.2 billion accounting scandal |url=https://www.youtube.com/watch?v=fWOPuca6UjE  |archive-url=https://ghostarchive.org/varchive/youtube/20211211/fWOPuca6UjE| archive-date=11 December 2021 |url-status=live|publisher=CNN}}{{cbignore}}</ref> Eight other senior officials also resigned, including the two previous CEOs.<ref>{{Cite web |date=21 July 2015 |title=Toshiba CEO resigns over faked profits |url=https://www.youtube.com/watch?v=iupPUdScSyU  |archive-url=https://ghostarchive.org/varchive/youtube/20211211/iupPUdScSyU| archive-date=11 December 2021 |url-status=live|access-date=22 July 2015 |website=CNN Money}}{{cbignore}}</ref> Chairman Masashi Muromachi was appointed acting CEO.<ref name="reuters-20150721">{{Cite news |last=Ritsuko Ando |date=21 July 2015 |title=Toshiba CEO quits over accounting scandal |work=Reuters |url=http://in.reuters.com/article/us-toshiba-accounting-stocks-idINKCN0PV0B620150721 |archive-url=https://web.archive.org/web/20151228111625/http://in.reuters.com/article/us-toshiba-accounting-stocks-idINKCN0PV0B620150721 |url-status=dead |archive-date=28 December 2015 |access-date=21 July 2015}}</ref> Following the scandal, Toshiba Corp. was removed from a stock index showcasing Japan's best companies. That was the second reshuffle of the index, which picks companies with the best operating income, return on equity and market value.<ref>{{Cite news |last1=Kitanaka |first1=Anna |last2=Sano |first2=Nao |date=7 August 2015 |title=Japan Shame Index Dumps Toshiba After Scandal, Adds Olympus |publisher=Bloomberg Business |url=https://www.bloomberg.com/news/articles/2015-08-07/japan-s-shame-index-dumps-toshiba-adds-olympus-in-second-revamp |access-date=10 August 2015}}</ref>

Toshiba announced in early 2015 that they would stop making televisions in its own factories. From 2015 onward, Toshiba televisions will be made by [[Compal Electronics|Compal]] for the U.S., or by [[Vestel]] and other manufacturers for the European market. In September 2015, Toshiba shares fell to their lowest point in two and a half years. The firm said in a statement that its net losses for the quarterly period were 12.3 billion yen ($102m; £66m). The company noted poor performances in its televisions, home appliances and personal computer businesses.<ref>BBC News. "[https://www.bbc.com/news/business-34244350 Toshiba troubles continue with new losses and falling sales]". 14 September 2015. 22 September 2015.</ref> In October 2015, Toshiba sold the image sensor business to [[Sony]].<ref>{{Cite web |date=28 October 2015 |title=Toshiba sells sensor business to Sony, overhauls chip unit |url=https://www.cnbc.com/2015/10/28/toshiba-sells-sensor-business-to-sony-overhauls-chip-unit.html |access-date=16 July 2020 |website=CNBC |language=en}}</ref> In December 2015, Muromachi said the episode had wiped about $8 billion off Toshiba's market value. He forecast a record 550 billion yen (about US$4.6 billion) annual loss and warned the company would have to overhaul its TV and computer businesses. Toshiba would not be raising funds for two years, he said. The next week, a company spokesperson announced Toshiba would seek 300 billion yen ($2.5 billion) in 2016, taking the company's indebtedness to more than 1 trillion yen (about $8.3 billion).<ref>{{Cite news |last1=Alpeyev |first1=Pavel |last2=Amano |first2=Takashi |date=29 December 2015 |title=Toshiba Seeks $2.5 Billion Credit Line to Pay for Reforms |publisher=Bloomberg |url=https://www.bloomberg.com/news/articles/2015-12-29/toshiba-seeks-2-5-billion-credit-line-to-pay-for-restructuring |access-date=8 January 2016}}</ref>

In January 2016, Toshiba's security division unveiled a new bundle of services for schools that use its surveillance equipment. The program, which is intended for both K-12 and higher education, includes education discounts, alerts, and post-warranty support, among other features, on its IP-based security gear.<ref>Dian Schaffhauser, The Journal. "[https://thejournal.com/articles/2016/01/19/toshiba-intros-surveillance-education-program.aspx Toshiba Launches Surveillance Education Program]." 19 January 2016. 19 January 2016.</ref> In March 2016, Toshiba was preparing to start construction on a cutting-edge new semiconductor plant in Japan that would mass-produce chips based on the ultra-dense flash variant. Toshiba expected to spend approximately 360 billion yen, or $3.2 billion, on the project through May 2019.<ref>Maria Deutscher, Silicon Angle. "[http://siliconangle.com/blog/2016/03/17/toshiba-to-spend-3-2bn-on-cutting-edge-new-3d-flash-plant/ Toshiba to spend $3.2BN on cutting-edge new 3D flash plant]." 17 March 2016. 18 March 2016.</ref> In April 2016, Toshiba recalled 100,000 faulty laptop lithium-ion batteries, which were made by [[Panasonic]], that can overheat, posing burn and fire hazards to consumers, according to the U.S. Consumer Product Safety Commission. Toshiba first announced the recall in January and said it was recalling the batteries in certain Toshiba Notebook computers sold since June 2011.<ref>Aaron Smith, CNN Money. "[https://money.cnn.com/2016/04/01/technology/toshiba-laptop-battery-recall-panasonic/ Toshiba recalls 100,000 batteries that can melt your laptop]." 1 April 2016. 1 April 2016.</ref>

In May 2016, it was announced that Satoshi Tsunakawa, the former head of Toshiba's medical equipment division, was named CEO. This appointment came after the accounting scandal that occurred.<ref>{{Cite web |title=Toshiba nominates new CEO in bid to put accounting scandal behind it |url=http://www.businessinsider.com/r-toshiba-nominates-new-ceo-in-bid-to-put-accounting-scandal-behind-it-2016-5 |access-date=6 May 2016 |website=Business Insider}}</ref><ref>{{Cite news |last1=Mochizuki |first1=Takashi |last2=Fukase |first2=Atsuko |date=6 May 2016 |title=Toshiba Announces New Chief Executive After Accounting Scandal |work=[[The Wall Street Journal]] |url=https://www.wsj.com/articles/toshiba-announces-new-chief-executive-1462521234 |access-date=6 May 2016 |issn=0099-9660}}</ref> In September 2016, Toshiba announced the first wireless power receiver [[Integrated circuit|IC]] using the [[Qi (standard)|Qi]] 1.2.2 specification, developed in association with the [[Wireless Power Consortium]].<ref>{{Cite news |date=16 September 2016 |title=Toshiba Announces Industry's First Qi v1.2 Certified 15W Wireless Power Receiver IC |work=[[Business Wire]] |url=http://www.businesswire.com/news/home/20160915006688/en/Toshiba-Announces-Industrys-Qi-v1.2-Certified-15W |access-date=21 November 2016}}</ref> In December 2016, [[Toshiba Medical Systems Corporation]] was acquired by [[Canon Inc.|Canon]].<ref>{{Cite web |title=Canon Inc. to acquire Toshiba Medical Systems Corporation shares and make it a subsidiary |url=https://global.canon/en/news/2016/20161219.html |access-date=11 July 2020 |website=Canon Global |language=en}}</ref> A Chinese electrical appliance corporation [[Midea Group]] bought a controlling 80.1% stake in the Toshiba Home Appliances Group.<ref>{{Cite web |date=30 June 2016 |title=Toshiba and Midea Complete the Transfer of Toshiba's Home Appliances Business |url=http://www.midea.com/global/about_midea/News/201606/t20160630_204782.shtml |access-date=11 January 2019 |archive-date=5 September 2019 |archive-url=https://web.archive.org/web/20190905053624/http://www.midea.com/global/about_midea/News/201606/t20160630_204782.shtml |url-status=dead }}</ref><ref>{{Cite news |date=17 March 2016 |title=China's Midea Buys Majority of Toshiba's Home Appliance Business |publisher=Bloomberg |url=https://www.bloomberg.com/news/articles/2016-03-17/china-s-midea-buys-majority-of-toshiba-s-home-appliance-business |access-date=11 January 2019}}</ref>