Recap of 2020 and Outlook for 2021

The COVID-19 pandemic has hit businesses worldwide. While the virus has undeniably altered the economic landscape, Toshiba has exhibited resilience in the face of adversity. Toshiba Group remains steadfast in its commitment to people andto building momentum for growth, and achieved better-than-expected results in first-half of the fiscal year.


Toshiba’s key contributions in India in 2020

ISSUE 10: January - In November, Toshiba Johnson Elevators India (TJEI) received its largest order to date: 161 elevators for the VTP Group in Pune. The elevators all run at 1.75 meters per second, and will be installed in VTP Group’s prestige projects, including Blue Water, Pegasus, HiLife, Solitaire, and Purvanchal.
Press release: Toshiba Johnson Elevators (India) Receives Its Largest-ever Order For VTP Group’s Residential Projects In Pune

Cementing its commitment to India, TJEI set up a Training Centre and Distribution Centre(TCDC) in January 2020 in Chennai. TCDC’s facilities will further enhance the competence and expertise of field engineers working in elevator sales, installation and maintenance.
Press release: Toshiba Johnson Elevators (India) establishes a Training Centre and Distribution Centre in India

In February 2020, Toshiba Water Solutions (TWS) received an order from Bihar Urban Infrastructure Development Corporation Ltd. for the design and construction of two sewage treatment plants (STP), with 32,000 m3 and 17,000 m3 a day capacities, and for related operation and maintenance (O&M) services. These STPs are part of the sewage construction projects undertaken by the Indian government to clean up the Ganges.
Press release: Toshiba Water Solutions receives order of two Sewage Treatment Projects in India

In November 2020, TWS, in partnership with SUEZ India Pvt. Ltd., received an order from Bangalore Water Supply and Sewerage Board. The project covers the design, construction, and commissioning of a 775 million litres per day water treatment plant at T.K. Halli, Karnataka, with seven years of O&M services.
Press release: Bangalore Water Supply and Sewerage Board awards an Order to SUEZ India & Toshiba Water Solutions for construction of Water Treatment Plant

In the energy sector, amidst the ongoing pandemic, Toshiba JSW Power Systems Pvt. Ltd. (TJPS) promoted business continuity in all of its locations, closely following government advisories to do so. By ensuring all staff followed essential prevention measures in the workplace, TJPS successfully secured seamless continuation of development work at project construction sites, and minimized the impact of the lockdown.

Pursuant to the Toshiba Group’s Basic Commitment, “Committed to People, Committed to the Future,” Toshiba group companies in India altogether donated approximately INR 2.28 crores towards the fight against the pandemic, as well as other CSR activities approved by the Government of India.
Press release: Toshiba is committed to support India during the COVID-19 pandemic

Mr. Tomohiko Okada Managing Director Toshiba India Pvt. Ltd.

“Toshiba Group has responded to the global coronavirus pandemic with measures that prioritize the safety of our employees and their families, and of our customers and business partners, while ensuring business continuity. Even during this challenging time, we are able to deliver an overall robust performance.

As we move ahead to 2021, we are making progress in line with the Toshiba Next Plan, and are dedicated to accelerating our investment into technology and innovation that further contributes to sustainable solutions for India’s growth and development.”

Outlook for 2021

Toshiba has a track record of providing long term support for the stable operation of infrastructure throughout its long life cycles. In the future, we plan to expand infrastructure services and to leverage data to refine our capabilities and create a new generation of solutions. By following the Toshiba Next Plan, Toshiba Group’s five-year business blueprint, Toshiba Group is moving toward stable growth as an infrastructure services company.

Source: The Toshiba Next Plan Progress Report – Resilience for Growth, 2020/6/5

Toshiba's close to 20 business units operate in a wide range of industries, and will be classified into four functional segments:

  • Devices/Products: hardware and software differentiated by technological capabilities.
  • Infrastructure Systems (Installation): initial construction of essential infrastructure.
  • Infrastructure Services: long-term equipment maintenance, inspection, renewal, and contracted operations.
  • Data Services: collect, analyze and utilize the diverse data generated from infrastructure service to create new value.

The four segments create synergies with one another, and will allow Toshiba to radically transform its profit structures as an infrastructure services company.

Toshiba’s Next plan is also leading Toshiba’s businesses to take full advantage of cyber-physical systems (CPS). CPS collects data from the physical world for analysis by digital technologies in the cyber world, and then feeds back the results to the physical world, where they are used to create value. It’s a major advance that will be a source of opportunities for India and the world. In Bengaluru, Toshiba has a software development center employing over a 1,000 talented AI & IT engineers who are working together to help Toshiba transform itself to become an excellent CPS company.

An important core value of Toshiba is “Create Together.” We believe in the power of partnership and the good it brings.Followings are some examples that we have partnered with companies in India to provide solutions for India and the world.

  • Toshiba Infrastructure Systems & Solutions Corporation in Japan has joined hands with India's Larsen & Toubro Ltd. to deliver eight sets of traction energy storage systems for the Dhaka Mass Rapid Transit Line-6 in Bangladesh.
  • Toshiba has also established a joint venture to set up India's first automotive rechargeable lithium-ion battery factory in Gujarat, which will soon start operation. The battery features excellent safety, long life, rapid charging, and high input and output—pluses that make it ideal for regenerative power systems in hybrid vehicles, where it contributes to improved fuel consumption efficiency and reduces tail-pipe emissions of CO2.

Toshiba Group has maintained a presence in India for close to 60 years, and we look forward to continuing the long-term partnership with India in its pursuit of sustainable economic growth. We once again pledge our commitment to India, and our determination to work closely with our partners here to provide world class products and services from 2021 onward.