A Post-Fukushima Rebound for Toshiba

After the Mar. 11 earthquake and tsunami, few Japanese companies were in worse shape than Toshiba. The Tokyo-based maker of semiconductors, computers, and televisions is also one of the world's leading makers of nuclear power plants, and with the Fukushima crisis putting that industry in peril worldwide, investors dumped the stock. Toshiba's share price plunged 27 percent in the week following the disaster, making its shares the second-worst-performing on the Nikkei index. Only Tokyo Electric Power, the operator of the Fukushima nuclear power plant, did worse.

Since then, Toshiba's stock has shown surprising resilience, a recognition of the company's underlying strength. The stock is up 15 percent since Mar. 18, the ninth-best performance on the Nikkei, and on May 10, Toshiba announced that profits for the year would climb to a record 140 billion yen ($1.7 billion).