Sony Digital Rapids Pixel Power calrec Sony

Deployment of the Toshiba Next Plan

15/05/2018

Toshiba Corporation (TOKYO: 6502) and Toshiba Group (hereafter collectively Toshiba ) will develop and implement Toshiba Next Plan as a five-year transformation plan. Toshiba Next Plan will include measures for enhancing core earning power, and medium- and long-term strategies for individual business. Toshiba plans to announce details, including numerical targets, within this year.

Under its new management team, Toshiba is making 2018 the first year of its transformation into an excellent company with high earning power, and the ability to survive in competition with the world's leading companies. Going forward, Toshiba will implement stepwise measures that extend its capabilities and enhance earnings.

Toshiba Next Plan is being developed from the viewpoint of shareholders and investors, and its scope will include key performance indicators (KPI) in each business, the compensation system for executive officers, and portfolio management. Toshiba aims to maximize enterprise value by building a firm financial base and securing stable growth, and is determined to regain the trust of all stakeholders by resolutely accomplishing the plan's targets.

1. Toshiba Group Management Policy and Focus Areas Toshiba will contribute to the realization of a sustainable future by focusing on business domains centered Social Infrastructure , Energy , Electronic Devices and Digital Solutions the basic infrastructure that sustains modern life and society and channel reliable technologies into creating new value.

2. Outline of Toshiba Next Plan (1) Measures to strengthen basic earning power

As a short-term measure, Toshiba will strengthen core earning power by concentrating on measures to build strong management infrastructure , improve operations and further structural reform .

i. Build strong management infrastructure

Toshiba will determine and visualize KPI for individual businesses that can be shared on both the

management and operation sides.

Toshiba will also expand confirmation procedures for handling daily expenses, and continue to

enhance accounting compliance confirmation processes, so as to broaden internal audit

functions.

ii. Improve Operations

Toshiba will cut the cost of sales ratio with a thoroughgoing reform of value chains, extending

from procurement and engineering to manufacturing and sales.

It will also reinforce project evaluation and monitoring functions by refining the process to

confirm the profitability of new orders and oversee their execution, in addition to the current

checks in the accounting process.

iii. Further structural reform

Toshiba will strengthen its constitution and build a muscular organization by focusing on

restructuring in areas that include the energy business domain, indirect staff, and the number of

group companies. Details of actions to be taken will be disclosed as decided.

(2) Mid-term business strategies

Toshiba will create a mid-term strategy for each business based on targets set by benchmarking the world's leading companies. In achieving those targets, each business will focus on free cash flow and return on invested capital, which better indicate the power to generate cash than net sales figures.

(3) Transformation to a Recurring Business model

Building on each business's mid-term strategy, Toshiba intends to use digital solutions to promote the transformation of its businesses to a profitable recurring business model. Defining the ideal image of each business over the next five years, and then combining their strengths with Toshiba's digital technologies for AI and IoT, will drive forward a shift enabling the businesses to deliver more services and solutions that maximize Toshiba's value to customers. Through this approach, Toshiba aims to transition to a recurring business model that realizes consistently profitable results.

3. Implementation of new compensation system In parallel with Toshiba Next Plan, Toshiba will introduce a new compensation structure that puts a clear emphasis on medium- and long-term enterprise value. With the intent of making medium- and long-term business performance a clear and effective incentive, Toshiba will implement a restricted stock compensation system for Executive Officers in July this year, a system that places limitations on stock transfers for a certain period.

Going further, Toshiba will closely consider how to best link its compensation system to the transformation and business plans it intends to announce within this year, as aspects of the overall Toshiba Next Plan. Incentives will be linked to performance over the course of the business year and to the achievement of targets in mid-term business plans, and structured into a system that includes stock grants.
LINK: http://www.toshiba.co.jp/about/press/2018_05/pr1501.htm...
See more stories from toshiba

Most recent headlines

26/05/2018

Amazon Announces First Fulfillment Center in Oklahoma, Creating More Than 1,500 Full-Time Jobs

Amazon Announces First Fulfillment Center in Oklahoma, Creating More Than 1,500 ...

26/05/2018

Ron Savage Named Dean of Berklee's Professional Performance Division

Berklee College of Music has named Ron Savage B.M. 84 as dean of the Professional Performance Division. Savage will oversee the division providing music perform...

26/05/2018

FIFA to provide 'player stats tablets' at World Cup

FIFA to provide player stats tablets at World Cup posted: 26/05/2018 After ratifying the usage of the video assistant referee in Russia, FIFA is set to br...

26/05/2018

Sigma Announces Pricing & Availability of 105mm F1.4 DG HSM Art Lens

-- Sigma Corporation of America, a leading still photo and cinema lens, camera, flash and accessory manufacturer, today announced that its 105mm F1.4 DG HSM A...

26/05/2018

Tokyo Sound Production creates new editing rooms with DaVinci Resolve Studio and Universal Videohub

-- Blackmagic Design announced today that Tokyo Sound Production installed a n...

26/05/2018

Herrick Goldman Lights Off-Broadway Hit Puffs in Elation Lighting

Herrick Goldman Lights Off-Broadway Hit Puffs in Elation Lighting posted: 26/05/2018 Flexible LED lighting rig keeps up with fast-paced spoof on a certain...

26/05/2018

The Switch Supports Royal Wedding

The Switch Supports Royal Wedding posted: 26/05/2018 Saturday, May 19, marked a historic occasion as Britain's Prince Harry and American Meghan Markle...

26/05/2018

DiGiCo S-Series delivers everything Y needs

DiGiCo S-Series delivers everything Y needs posted: 26/05/2018 Y have been a mainstay in Finnish popular rock music for over 30 years. They are the coun...

26/05/2018

Dance on Budapest with Bandaloop

in the wild May 25, 2018 Back in October, GoPro joined content partner BANDALOOP for its deput performance Budapest; a dance, to be sure, with no floor. BA...

26/05/2018

NBC to Air Hair Live!' in Spring 2019

NBC will air Hair Live! in the spring of 2019, the telecast shot in front of a live audience. Craig Zadan and Neil Meron, who have executive produced each of NB...

26/05/2018

Primetime Ratings: ABC Wins With Michael Jackson Special

ABC landed the top spot in Thursday prime ratings, as the special The Last Days of Michael Jackson led the net to a 0.9 rating in viewers 18-49 and a 4 share. T...

26/05/2018

History's Star-Studded Tribute to Vets Launches Memorial Day

With a long tradition of honoring the military, History is launching a campaign to recognize veterans that features public service announcements with big stars ...

26/05/2018

Thales Alenia Space signs partnership agreement with SCNTPL Polish technology center

25.05.2018 Thales Alenia Space Share Share this article Facebook Twitter ...

26/05/2018

PARTNER RELEASE: Crosslantic Capital Takes Over Leading Online Fitness Specialists 7NXT

PARTNER RELEASE: Crosslantic Capital Takes Over Leading Online Fitness Specialis...

26/05/2018

Paywizard Through the Years: 20 years on

25 May 2018 Paywizard Through the Years: 20 years on Share Who can believe it, that we're already celebrating our 20th anniversary? Throughout the ye...

26/05/2018

Digital storytelling, innovation and video creation in the San Ramon Valley

Adopting some of the best principles of their Silicon Valley neighbors, the San Ramon Valley Education Foundation (SRVEF) has created a high-tech style incubat...

26/05/2018

Vislink HCAM HEVC 4K UHD Camera Transmitter Makes an Appearance at the Royal Wedding

May 25 Vislink HCAM HEVC 4K UHD Camera Transmitter Makes an Appearance at the ...

26/05/2018

New IMT Vislink Videos: newsnet NAB 2018 Presentation and Interviews

May 25 New IMT Vislink Videos: newsnet NAB 2018 Presentation and Interviews At this year's NAB 2018 Event, we had a great turnout for our first-ever in-...

26/05/2018

Fujifilm announce firmware updates for X-A5 coming soon

Fujifilm announce firmware updates for X-A5 coming soon New complimentary upgrades provide enhanced usability including a new PDAF algorithm and extended movie ...

26/05/2018

Fujifilm Pledge AI Will Support Radiologists - Not Replace Them

Fujifilm Pledge AI Will Support Radiologists - Not Replace Them 25.05.2018 With Artificial Intelligence (AI) dominating both the headlines and the conversati...

26/05/2018

HARMAN Professional Solutions Delivers Exceptional Sound and Lighting to the Rock Island Club at Nam Nghi Resort

May 25, 2018 -- Ba Sao Audio deploys JBL, Crown, BSS, Soundcraft and Marti...

26/05/2018

Endemol Shine Group Launches International Brand Licensing Push for Black Mirror

Global content creator, producer and distributor Endemol Shine Group today announced that it will drive international brand licensing opportunities for the Emmy...

26/05/2018

Clear-Com Introduces New 800 Series Industrial Intercom System at InfoComm 2018

Home > About Clear-Com > News and Stories > 2018 News Archive May 21, 2018 A new range of Partyline intercom products suitable for use in Industrial and Mari...

26/05/2018

Clear-Com Highlights Cross-Domain Solutions at 2018 Special Operations Forces Conference

Home > About Clear-Com > News and Stories > 2018 News Archive May 21, 2018 - ...

25/05/2018

2018 Euroradio Folk Festival: Bigger and better than ever

2018 Euroradio Folk Festival: Bigger and better than ever...

25/05/2018

International Broadcasting Assembly stresses commitment to free and fact-based journalism

International Broadcasting Assembly stresses commitment to free and fact-based j...

25/05/2018

Award from The Catalyst Fund

Imagineer receives an award from The Catalyst Fund to develop further fundraising...

25/05/2018

2018 French Open: two-week Grand Slam tennis tournament to be broadcast in Ultra High Definition

Paris, 25 May 2018 - To celebrate the 30th anniversary of the coverage of the Fr...

25/05/2018

MTS Improves Loan Terms With Sberbank

Moscow, Russian Federation - MTS PJSC ( MTS or the Company - NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service prov...

25/05/2018

A Giant Legacy

East Rutherford, NJ Earlier this week Ferro had a crew on location at MetLife Stadium for a shoot with Bob Papa. On the second level of the stadium lies the pre...

25/05/2018

\u003cb\u003eMETLIFE WORLDWIDE BENEFITS BOASTS 4\u003csup\u003eth\u003c/sup\u003e CONSECUTIVE AWARD WIN AT 2018 EMMAs\u003c/b\u003e

METLIFE WORLDWIDE BENEFITS BOASTS 4th CONSECUTIVE AWARD WIN AT 2018 EMMAs Name...

25/05/2018

Furry Good Ideas - Creative Brits Pitching TV Ideas to Their Pets

UKTV s director of commissioning, Richard Watsham, talking about the art of making brilliant TV shows in response to research carried out by the broadcaster Ne...

25/05/2018

How 850 Live Events Became a Rallying Cry - and a Mark of Success - at the Pac-12 Networks

How 850 Live Events Became a Rallying Cry - and a Mark of Success - at the Pac-1...

25/05/2018

FIFA History Makers' Exhibit To Open June 9 in Moscow

FIFA History Makers' Exhibit To Open June 9 in Moscow Staged by FIFA World Football Museum, the exhibition will also track the 2018 World Cup in Russia B...

25/05/2018

Remembering AWS Elemental's Manuel De Pea, a Pillar of the Sports-Technology Industry

Remembering AWS Elemental's Manuel De Pe a, a Pillar of the Sports-Technolog...

25/05/2018

Ratings Roundup: 2018 NBA and NHL Conference Finals Make Network History

Ratings Roundup: 2018 NBA and NHL Conference Finals Make Network History By Kristian Hernandez, Assistant Editor Friday, May 25, 2018 - 8:00 am Print This ...

25/05/2018

AI, Machine Learning Are Top of Mind at SVG Australia Summit

AI, Machine Learning Are Top of Mind at SVG Australia Summit Panelists see artificial intelligence enabling better business decisions By Ken Kerschbaumer, Edi...

25/05/2018

A Record 110 Cameras Will Capture ABC/ESPN's Last Ride at the Indianapolis 500

A Record 110 Cameras Will Capture ABC/ESPN's Last Ride at the Indianapolis 5...

25/05/2018

LANG Partners with Haivision to Deliver High Performance Reliable Video Streaming Solutions to European Market

LANG joins more than 100 organizations as part of the SRT Alliance, the fastest ...

25/05/2018

Astro Radio Presents the Weekend Showcase

Astro Radio Presents the Weekend Showcase Date Released:25 May 2018 Share Tweet Leading radio brands - ERA and MY, are taking the weekends up a notch as th...

25/05/2018

Utah Scientific Manager Elected to Atlanta Chapter of SMPTE

Utah Scientific Manager Elected to Atlanta Chapter of SMPTE Salt Lake City - May 22, 2018 Utah Scientific today announced that George Wicker, southeast regional...

25/05/2018

MerleFest 2018: The Tradition Continues With DiGiCo

WILKESBORO, North Carolina - May 2018 - Long considered one of the mountaintops of North America's acoustic music festival season, Wilkesboro, North Carolin...

25/05/2018

Friday Tip: The Customizable Phaser

Studio One's Phaser is quite sophisticated, especially because you can set the number of stages from 2 to 20. This can emulate many classic phasers, as well...

25/05/2018

PreSonus Studio One 4 out now

DAW update adds Harmonic Editing, Patterns and Drum Editor Software > DAW > Studio One PreSonus Studio One, the company's capable DAW has undergone a fai...

25/05/2018

PBS Wins 22 Telly Awards

Winners of the 2018 Telly Awards were announced on Tuesday, May 22. The 39th Annual Telly Awards honor excellence in video and television across all screens. Co...

25/05/2018

Gearhouse Broadcast boosts 4K and HDR rental capabilities

Gearhouse Broadcast boosts 4K and HDR rental capabilities posted: 25/05/2018 Sony HDC-4300 cameras and range of Canon and Fujinon 4K lenses boost Gearhouse&...

25/05/2018

Ayrton adds architecture to Appelt's Eurovision splendour

Ayrton adds architecture to Appelt's Eurovision splendour posted: 25/05/2018 Ayrton is extremely proud that lighting designer, Jerry Appelt, chose mor...

25/05/2018

Large RoboSpot System is a Winner at Eurovision 2018

Large RoboSpot System is a Winner at Eurovision 2018 posted: 25/05/2018 Seventeen Robe RoboSpot Base Stations controlling tracking Robe BMFL fixtures prov...

25/05/2018

Crestron Masters ends on a high

Control and automation technology specialist Crestron is celebrating the close of Crestron Masters 2018 after hosting more than 1,200 premier Crestron programme...