Core Viewpoint - The article discusses the ambitious vision behind the development of the Cell processor by Sony, IBM, and Toshiba, highlighting its potential to revolutionize computing architecture and its eventual shortcomings in the market [1][3][21]. Group 1: Development of Cell Processor - In 2000, Sony, IBM, and Toshiba announced a collaboration to develop the Cell processor, aiming for a computing architecture that could achieve unprecedented performance levels, targeting 1 trillion floating-point operations per second [3][4]. - IBM committed to investing $400 million to establish design centers and manufacturing facilities for the Cell processor, while Sony and Toshiba contributed their respective technologies [4]. - The Cell processor was designed to integrate multiple computing units on a single chip, with the goal of creating a highly parallel computing environment [4][5]. Group 2: Technical Specifications - The Cell processor features a 64-bit PowerPC core (PPE) and up to 32 synergistic processing elements (SPEs), achieving peak performance of 1 TFLOPS in its initial prototype [11][12]. - The architecture includes a unique memory structure where SPEs cannot directly access system memory, requiring explicit data management, which increases programming complexity but enhances efficiency [9][12]. - The interconnect bus (EIB) allows for high bandwidth communication between processing units, crucial for maximizing the processor's performance [9]. Group 3: Market Performance and Challenges - Despite its theoretical performance, the Cell processor faced significant challenges in mass production due to high power consumption and complex architecture, leading to a reduced number of SPEs in the final version [11][12]. - The PlayStation 3, which utilized the Cell processor, struggled in the market due to its high manufacturing costs and the difficulty developers faced in optimizing games for its architecture [13][14]. - Competing products, such as Microsoft's Xbox 360, offered simpler architectures that were easier for developers to work with, further hindering the PS3's market performance [13][14]. Group 4: Legacy and Conclusion - Although the Cell processor did not achieve mainstream success in gaming, it found applications in high-performance computing, notably in the Roadrunner supercomputer, which was the first to exceed 1 PetaFLOPS [16][18]. - The innovative design of the Cell processor influenced future computing architectures, particularly in parallel processing and GPU computing [21]. - By 2012, IBM officially discontinued support for the Cell architecture, marking the end of an era for a processor that had once held great promise [19].

Core Points - Toshiba plans to cut up to 4,000 jobs in Japan as part of a restructuring program following its delisting in September after being taken private by a consortium [1][5] - The job cuts will be achieved through voluntary early retirement for employees aged over 50 who meet specific criteria, with the aim to restore the company's growth trajectory [2] - Toshiba targets an operating profit of 380 billion yen ($2.5 billion) and a return on sales of 10 percent by fiscal 2026, along with relocating its head office functions to Kawasaki by the first half of fiscal 2025 [3] Company Background - Toshiba has faced multiple crises in recent years, including a significant accounting scandal in 2015 and substantial losses from its US nuclear subsidiary Westinghouse [4] - The company was taken private in March 2023 through a takeover bid worth around $14 billion, leading to its shares being delisted after over 70 years on the Tokyo stock exchange [5]

Financial Performance - Net sales increased by 128 billion yen, from 7279 billion yen in FY2021/Q1 to 7407 billion yen in FY2022/Q1[7] - Operating income decreased by 193 billion yen, from 145 billion yen in FY2021/Q1 to -48 billion yen in FY2022/Q1[7] - Net income increased by 79 billion yen, from 180 billion yen in FY2021/Q1 to 259 billion yen in FY2022/Q1, due to higher non-operating income[7] - Free cash flow decreased by 617 billion yen, from 1553 billion yen in FY2021/Q1 to 936 billion yen in FY2022/Q1[7] - The company maintains its FY2022 full-year operating income forecast at 1700 billion yen, released on May 13, 2022[7] Segment Performance - Energy Systems & Solutions net sales increased by 23% (+231 billion yen), from 987 billion yen to 1218 billion yen[32] - Electronic Devices & Storage Solutions net sales decreased by 10% (-194 billion yen), from 2009 billion yen to 1815 billion yen[32] - Building Solutions net sales remained relatively flat, increasing by 03 billion yen, from 1420 billion yen to 1423 billion yen[32] Forecast - FY2022 net sales are forecasted to be 33 trillion yen, a decrease of 1% (-370 billion yen) compared to FY2021[63] - FY2022 operating income is forecasted to be 1700 billion yen, an increase of 111 billion yen compared to FY2021[63] - The company forecasts equity attributable to shareholders to be 128 trillion yen, an increase of 734 billion yen[61]

Financial Data and Key Indicator Changes - For Q3 2021, net sales increased to ¥2.3551 trillion, a year-on-year increase of ¥255.6 billion or 12% [16] - Operating income rose to ¥87.6 billion, an increase of ¥63.6 billion year-on-year [16] - Net income, excluding tax expenses, reached ¥114.9 billion, up ¥71.3 billion from the previous year [16] Business Line Data and Key Indicator Changes - **Energy Systems & Solutions**: Net sales were ¥361.5 billion, up ¥58 billion year-on-year, with operating income increasing by ¥14.3 billion to ¥8.1 billion [20] - **Infrastructure Systems & Solutions**: Net sales were ¥416.6 billion, with operating income at ¥6.9 billion, impacted by COVID-19 and semiconductor shortages [21] - **Building Solutions**: Net sales increased to ¥434.5 billion, with operating income at ¥17.9 billion, driven by recovery in air conditioning and elevators [22] - **Electronic Devices & Storage Solutions**: Net sales reached ¥659.8 billion, up ¥143 billion year-on-year, with operating income increasing by ¥48.5 billion to ¥55.8 billion [23] - **Retail & Printing Digital Solutions**: Net sales were ¥334.6 billion, with operating income recovering to ¥8.3 billion [24] - **Digital Solutions**: Net sales increased to ¥156.1 billion, with operating income at ¥13.2 billion, up by ¥4.1 billion [25] Market Data and Key Indicator Changes - Orders received increased by 11% year-on-year during the first nine months of the fiscal year [26] - Order backlog increased by 3% compared to the same period last year [26] Company Strategy and Development Direction - The company is pursuing a strategic reorganization plan, including a two-way spin-off to eliminate conglomerate discount and enhance shareholder value [7][12] - The management aims to achieve efficient capital allocation and focused management through the spin-off [7] - The company is engaging in continuous dialogue with potential partners to align interests for collaboration [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing impact of soaring material and logistics costs, as well as semiconductor shortages, which are expected to continue affecting performance [15][17] - The company revised its full-year performance forecast downward due to these challenges, projecting net sales of ¥3.34 trillion and operating income of ¥155 billion [28][31] Other Important Information - The company plans to hold an Extraordinary General Meeting of Shareholders on March 24 to confirm shareholder opinions on the strategic reorganization [5][6] - A capital surplus of ¥300 billion is expected over the next two years, which will be used for shareholder returns [10] Q&A Session Summary Question: Concerns about shareholder approval for the strategic reorganization - Management clarified that the current proposal seeks a simple majority for approval, not a two-thirds majority, to respect the wishes of the majority of shareholders [36][37] Question: Expectations for shareholder support and share price reactions - Management expressed confidence in receiving support from shareholders and acknowledged the complexity of share price fluctuations [42][43] Question: Feedback from shareholders and employees regarding the reorganization - Management indicated that various opinions have been received from shareholders and employees, and they are committed to listening and making improvements [52][54] Question: Governance structure and delays in director selection - Management explained that the delay in selecting directors is due to the ongoing spin-off process and the need to identify suitable candidates with the right expertise [75][78] Question: Impact of the two-way split on business operations - Management confirmed that the core business focus remains unchanged, and the two-way split is intended to enhance operational efficiency [77][79]

Financial Data and Key Metrics Changes - For the first half of FY 2021, sales revenue was ¥1,546.4 billion, an increase of ¥175 billion year-over-year, while operating income was ¥45 billion, up ¥41.9 billion compared to the same period last year [60][61] - Free cash flow improved to positive ¥131.4 billion, an increase of ¥124.3 billion year-over-year [61] - The company expects net sales of ¥3.5 trillion for FY 2023, with an operating margin of 5.7% and ROIC of 10% [55] Business Line Data and Key Metrics Changes - The Semiconductor business performed well, contributing to positive growth in revenue and income [59] - The Energy Systems segment saw net sales of ¥236 billion, with an operating income of ¥4.5 billion, reflecting a ¥45.9 billion increase from the previous year [72] - The Device & Storage segment reported net sales of ¥432.9 billion, up ¥108.9 billion year-over-year, with operating income increasing by ¥30.1 billion [75] Market Data and Key Metrics Changes - Orders received increased by 19% year-over-year, driven by large-scale projects [62][77] - The Infrastructure Systems segment experienced a slight decrease in revenue, while other segments saw increases [65] Company Strategy and Development Direction - The company plans to separate into three independent entities: Infrastructure Service Company, Device Company, and Toshiba, to enhance focus and agility in decision-making [15][21] - The Infrastructure Service Company aims for net sales of ¥2.1 trillion, focusing on renewable energy and infrastructure resilience [17] - The Device Company targets net sales of ¥870 billion, focusing on semiconductors and storage solutions [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges such as rising material and logistics costs and semiconductor shortages but emphasized the strong performance of the semiconductor business [63] - The strategic reorganization is seen as the best path forward for sustainable profitable growth and value creation for stakeholders [21][35] Other Important Information - The company has committed to a targeted dividend payout ratio of 30%, increasing dividends from ¥30 per share in FY 2018 to an expected ¥80 per share in FY 2021 [28] - A special dividend of ¥110 per share was distributed during FY 2021, and a stock buyback of ¥100 billion was completed [64][28] Q&A Session Summary Question: What discussions led to the separation into three entities? - The Board and SRC had ongoing discussions for five months, evaluating various strategic options before concluding that a tax-free spin-off was the best path forward [90][91] Question: What are the sources of growth post-spin-off? - The focus will be on creating agile management structures that can respond quickly to market conditions, with specific investments in power semiconductors and other growth areas [94][96] Question: How will stakeholders be informed about the reorganization? - The company plans to communicate the benefits and processes of the reorganization to all stakeholders, ensuring understanding and acceptance [104][105] Question: What is the plan for Kioxia shares? - The company intends to return the net proceeds from the sale of Kioxia shares to shareholders while maintaining the IPO strategy for Kioxia [107]

TOSHIBA FY2021 Second Quarter Consolidated Business Results -Supplementary Data- © 2021 Toshiba Corporation Toshiba Corporation November 12, 2021 Management Index by Segment * The amounts represent those disclosed in Toshiba TEC's consolidated balance sheets. | --- | --- | --- | --- | |----------------------------------------|---------|---------|---------| | Inventories | 2021/3E | 2021/6E | 2021/9E | | Energy Systems & Solutions | 91.0 | 97.2 | 98.0 | | Infrastructure Systems & Solutions | 120.7 | 137.7 | ...

Toshiba Corporation (OTCPK:TOSBF) Q4 2021 Earnings Conference Call May 14, 2021 ET Company Participants Midori Hara - Corporate Communications Satoshi Tsunakawa - President & Chief Executive Officer Masaharu Kamo - Executive Officer, Corporate Senior Vice President Conference Call Participants Kota Ezawa - Citigroup Securities Kazutaka Yoshizumi - SMBC Nikko Securities Kenji Yasui - UBS Midori Hara It is time. We'd like to begin a Presentation on Management Policy for the next Mid-Term Plan and Fiscal 2020 ...

TOSHIBA FY2020 Consolidated Business Results -Supplementary Data- Toshiba Corporation May 14, 2021 © 2021 Toshiba Corporation Management Index by Segment * The amounts represent those disclosed in Toshiba TEC's consolidated balance sheets. (Yen in billions) | --- | --- | --- | --- | --- | --- | |----------------------------------------|---------|---------|---------|----------|---------| | Inventories | 2020/3E | 2020/6E | 2020/9E | 2020/12E | 2021/3E | | Energy Systems & Solutions | 98.0 | 112.2 | 111.1 | 1 ...