Toshiba
Business

The famous Japanese company Toshiba is being divided into three parts

Toshiba, a Japanese electronics and technology company, is being split into three separate companies. The three companies will separately produce infrastructure, components and semiconductor memory. They will also be listed in the capital market in two years.

This information was given in a report of BBC Online.
Investors have been pushing for a change in the company since the 2015 for-profit fraud. At the same time, in the face of pressure from investors, this step has been taken to increase the valuation of the stock market of various businesses in Toshiba.

Toshiba’s energy and infrastructure division will be housed in a company. The device and storage business will be the backbone of another company. The third company will hold a 40.6 percent stake in Toshiba with Flash-memory chip company Kioxia Holdings and other companies. This division will be completed by 2023.

But some analysts are concerned about the timing of the change. “The move is on the right track,” said Atul Gayal of Investment Bank Jefferies. But it seems to be moving slowly. In my opinion, a six-month deadline could have been given for this restructuring. 2023 is a long way off and we are not sure what else will change in that time. ”

Toshiba is one of the oldest and largest farms in Japan. They range from household appliances to nuclear power generation. But over the years, the company has undergone catastrophic changes. Of these, the company’s account scandal is significant. At the same time, they have faced huge losses in the US nuclear unit.

In 2015, Toshiba’s 130-odd scandal came to light. The organization promised to increase transparency to avoid that scandal. According to the plan, 14,000 workers were laid off, and the Toshiba medical equipment manufacturing branch was sold to Japanese technology maker Canon for 5.9 billion. Satoshi Sunakawa, who heads the medical equipment department, took over as head of the organization. But there was pressure from investors to make further changes within the company.

Last week, US giant General Electronic announced a similar plan.

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