Toshiba's Accounting Scandal- A Spotlight on Japan Inc’s Corporate Governance Systems




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Background Notes

Two electrical companies Tanaka Seizo-sho and Hakunetsu-sha merged in the year 1939 to form Tokyo Shibaura Electric Company Limited. The company was renamed in the year 1978 as Toshiba Corporation. Toshiba offered diversified electronic and electrical products and manufactured various types of industrial and engineering equipment.Toshiba was known for introducing various kinds of innovative products into the Japanese markets as well as in world markets, grouped into Energy & Infrastructure, Community Solutions, Health Care Systems & Services, Electronic Devices & Components, Lifestyle Products & Services and Industrial ICT Solutions.

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