• Latest
  • Trending
Japan’s Toshiba announces plan to split into three firms

Japan’s Toshiba announces plan to split into three firms

NELFUND Halts ₦20k Upkeep Loans During School Breaks

NELFUND Halts ₦20k Upkeep Loans During School Breaks

How Adamawa Busts Child Trafficking Ring Selling Victims at N800k

How Adamawa Busts Child Trafficking Ring Selling Victims at N800k

UNRULY PASSENGERS UNDER NIGERIAN AVIATION LAW: A CRITICAL ANALYSIS

UNRULY PASSENGERS UNDER NIGERIAN AVIATION LAW: A CRITICAL ANALYSIS

EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud

EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud

Alaafin Gives Ooni 48-Hour Ultimatum Over Yorubaland Title Clash

‘48 Hours My Foot!’ Ooni’s Spokesman replies Alaafin’s Ultimatum

How Bandits killed 13 Worshippers During Fajr Prayer in Katsina Mosque

How Bandits killed 13 Worshippers During Fajr Prayer in Katsina Mosque

NCAA orders Phones Off During Flights

NCAA orders Phones Off During Flights

Friday, August 22, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Business News

Japan’s Toshiba announces plan to split into three firms

by iDeemlawful
November 12, 2021
in Business News, Featured
A A
0
Japan’s Toshiba announces plan to split into three firms

The logo of Japanese industrial group Toshiba is seen on top of a building at its headquarters in Tokyo on November 12, 2021.

Toshiba’s board has approved a plan to split the storied Japanese conglomerate into three companies, it announced Friday, following tension with shareholders and a controversial takeover offer.

The announcement confirms reports earlier in the week that said management was under pressure from shareholders to maximise the firm’s value by dividing its businesses.

The proposal aims to spin two companies off from the rest of Toshiba’s operations, one focused on infrastructure and the second on devices.

SeeThese

Drama as AI bot designed to Promote Isreal turned Pro-Palestinian

Breaking: Thousands frustrated as ChatGPT goes Offline

Service Providers issued ultimatum to deactivate USSD Service over N250b Bank debts

The move is expected to take two years, with the goal of listing both new companies, Toshiba said.

“The separation allows each business to significantly increase its focus and facilitate more agile decision-making and leaner cost structures,” the company said in a statement.

“As such, both companies will be much better positioned to capitalise on their distinct market positions, priorities and growth drivers to deliver sustainable profitable growth and enhanced shareholder value.”

The decision comes after months of tumult for the company, including the ouster of its board chairman and revelations that management sought to enlist government help in blocking shareholder action.

Analysts said it was the result of pressure from activist investors who believe the move will boost the value of Toshiba’s shares.

They want “moves to shake the company up and get investors to reevaluate it and hopefully get a higher share price,” said LightStream Research analyst Mio Kato, who publishes on Smartkarma.

Tags: DroneJapanToshiba company
Share196Tweet123SendShare
Previous Post

Nigerians get SHAREit app for file-sharing without mobile data

Next Post

Nokia Battles Competitors, Unveil First-Ever Tablet Device

iDeemlawful

iDeemlawful

Next Read

EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud
Business News

EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud

...

Read more
NCAA orders Phones Off During Flights
Business News

NCAA orders Phones Off During Flights

...

Read more
Nigerian Government Hits Back as US Tighten Visa Rule
Business News

Nigerian Government Hits Back as US Tighten Visa Rule

...

Read more
Alaafin Gives Ooni 48-Hour Ultimatum Over Yorubaland Title Clash
Breaking News

Alaafin Gives Ooni 48-Hour Ultimatum Over Yorubaland Title Clash

...

Read more
By-Election Results across States, recount as APC Sweeps 12 Seats, PDP, LP, ADC Struggle
Featured

By-Election Results across States, recount as APC Sweeps 12 Seats, PDP, LP, ADC Struggle

...

Read more
9mobile Changes Name, Logo
Business News

9mobile Changes Name, Logo

...

Read more
CAC sets Deadline to delist 100,000 Dormant Companies
Business News

CAC sets Deadline to delist 100,000 Dormant Companies

...

Read more
How President Tinubu, Opposition Coalition Leaders Snubbed Each Other at Buhari’s burial
Featured

How President Tinubu, Opposition Coalition Leaders Snubbed Each Other at Buhari’s burial

...

Read more
Next Post
Nokia Battles Competitors, Unveil First-Ever Tablet Device

Nokia Battles Competitors, Unveil First-Ever Tablet Device

2022 WCQ: Victor Osimhen, Ahmed Musa Score As Eagles Beat Liberia; Cape Verde Stay In Race With Win Vs CAR

2022 WCQ: Victor Osimhen, Ahmed Musa Score As Eagles Beat Liberia; Cape Verde Stay In Race With Win Vs CAR

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Tinubu, Biden in 30-minute phone talk on UN seat, Gambaryan

Tinubu, Biden in 30-minute phone talk on UN seat, Gambaryan

Bullied Abuja student, Namtira Bwara slams N500 million Lawsuit against Lead British International School

Bullied Abuja student, Namtira Bwara slams N500 million Lawsuit against Lead British International School

96 Feared Dead as South Korean Plane Crashes on Landing

Moment Boeing 737-800 South Korean Airplane Crashes [Video]

Most Popular

NELFUND Halts ₦20k Upkeep Loans During School Breaks
Breaking News

NELFUND Halts ₦20k Upkeep Loans During School Breaks

How Adamawa Busts Child Trafficking Ring Selling Victims at N800k
Breaking News

How Adamawa Busts Child Trafficking Ring Selling Victims at N800k

UNRULY PASSENGERS UNDER NIGERIAN AVIATION LAW: A CRITICAL ANALYSIS
Commentary

UNRULY PASSENGERS UNDER NIGERIAN AVIATION LAW: A CRITICAL ANALYSIS

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About Us
  • Advertise with Us
  • Editorial Policy

Follow Us

Copyright © 2019 iDeemlawful.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In