Synopsis
The Nikkei index ended up 0.14 per cent at 29,683.37, while the broader Topix inched up 0.09 per cent to close at 1,960.87.
AP
Chip-related shares gained after Taiwan Semiconductor Manufacturing Ltd (TSMC), reported a 19.4 per cent rise in first-quarter profit on strong chip demand.
TOKYO: Japanese shares closed slightly higher on Friday as heavyweight chip shares rallied, although concerns around corporate outlook capped the gains. The Nikkei index ended up 0.14 per cent at 29,683.37, while the broader Topix inched up 0.09 per cent to close at 1,960.87. Chip-related shares gained after Taiwan Semiconductor Manufacturing Ltd (TSMC), reported a 19.4 per cent rise in first-quarter profit on strong chip demand.
Toshiba CEO faced board ouster before $20-billion buyout offer, sources say Makiko Yamazaki, Noriyuki Hirata and Takashi Umekawa TOKYO Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Issei Kato/Reuters
Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20-billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said.
Two members of Toshiba Corp’s nomination committee, including board chairman Osamu Nagayama, met Kurumatani, himself a former CVC executive, and told him they intended to look for a new chief executive, three of the people said.
International Business News: Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the
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