Toshiba was in financial trouble after the nuclear department in the United States they went bankrupt in March.
Visual Solutions division reported an operating loss of US $ 54.1 million in the last fiscal year. Meanwhile, Hisense itself has experienced other problems. In June, Sharp Corp. from Japan sued them in San Francisco court.
In the suit, Sharp accused Hisense of selling poorly quality Sharp TVs that drove their brand value down, misrepresenting the size and extent of Sharp's branded TV and making TVs that emit harmful excess radiation. However, in the end, Sharp canceled this demand.