Toshiba to split business into three

The Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory and are expected to be listed, possibly within two years.

“We are drafting a mid-term business plan to enhance our corporate value, and dividing our businesses is one of the options, but there is nothing officially decided at this point,” Toshiba spokesman Tatsuro Oishi told AFP.The decision, if confirmed, would cap a period of enormous upheaval for the firm, once a symbol of Japan’s advanced technology and economic power.

The revelations came after an unexpected buyout offer in April from a private equity fund associated with then-CEO Nobuaki Kurumatani. The decision to split Toshiba’s businesses “is a consequence of listening to activist shareholders”, said Hideki Yasuda, an analyst with Ace Research Institute.

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Report: Japan’s Toshiba to split business into three | Malay MailTOKYO, Nov 9 — Toshiba plans to split into three companies as early as 2023, aiming to make the performance and growth strategy of each sector clearer, the Nikkei business daily reported Tuesday. The Japanese firm confirmed to AFP that the option of splitting its business up was under...
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