TOKYO -- Toshiba and SoftBank Group ranked atop Japanese companies with huge cash holdings as of June, with a memory unit sale boosting the balance at the machinery maker and debt offerings replenishing the reserves at the investment conglomerate.
Toshiba logged an increase of $13.3 billion to $17.9 billion in cash on hand over a year through the end of June thanks to proceeds from selling off the memory chip unit.
