Toshiba says it expects to book a 712.5 billion yen ($6.3 billion) writedown in its nuclear power business, citing cost overruns at a U.S. unit and diminishing prospects for its atomic-energy operations. According to Bloomberg, Shigenori Shiga will step down as chairman of the conglomerate.
The charge will result in a provisional 500 billion yen loss for the nine months through Dec. 31, the company said in a statement. In December, Toshiba had warned the writedown could reach several billion dollars, triggering a share decline that has erased more than $7 billion in market value. As a result of the losses, shareholder equity will drop to negative 150 billion yen for the current year ending in March, Toshiba forecast.
The earnings results came after a chaotic afternoon, which began when the company missed its own deadline for announcing earnings. That raised questions over whether the Japanese company has control over its finances, and the shares fell to near 38-week lows. Toshiba is now under pressure to come up with a plan for shoring up its balance sheet, which was already under strain from a profit-padding scandal in 2015 that led to restructuring, record losses and asset sales.
In a sign of how bad things are, Toshiba said it is considering selling a majority stake in its memory chip business. The company has previously planned to limit the sale to 20 percent to maintain control. Toshiba has said it will separate the chip unit by the end of March and hold a shareholders’ meeting that month. Strategic investors and foreign private equity funds are among the potential bidders, according to people with knowledge of the matter.
For the full fiscal year ending March 31, Toshiba forecast a net loss of 390 billion yen, reversing its November outlook for a 145 billion yen profit. That compares with a projected loss of 262.7 billion yen, the average of analysts’ projections compiled by Bloomberg.
Automated systems and bots now generate more than half of internet traffic, forcing hosting companies to manage performance, security, and infrastructure costs at the same time. Ivan Čačija argues that business users are no longer buying only storage and computing resources, but the availability and performance of their own operations. AI will reshape both data-centre management and infrastructure requirements, while regional providers can compete through local presence, predictable costs and hybrid models. Fastserver sees its partnership with Blackwall as part of a broader shift towards an integrated platform combining infrastructure, security, traffic protection and automation.
The President of the European Commission, Ursula von der Leyen, has unveiled comprehensive plans to restrict children’s access to social media platforms through the proposed EU Kids Act.
Ericsson Nikola Tesla no longer views artificial intelligence solely as a tool that helps developers write code, but as part of the entire software development lifecycle. At the upcoming ENT Technology Days, taking place from 21 to 25 September, artificial intelligence will also be among the central topics.
Siniša Krajnović, PhD, President of the Management Board of ENT, sees the transformation brought about by artificial intelligence through products, internal processes, and changes in the way work itself is performed, while Jelena Jurišić, Director of Technology of the ENT Group (CTO), explains how specialized AI agents are now part of analysis, design, implementation, testing, and verification. In such a model, autonomy increases gradually, with quality control and human decision-making at critical points. At the same time, the change does not diminish the importance of engineers, but increasingly shifts their role toward architecture, domain understanding, and the management of complex automated systems.
