Nikkei: Toshiba to split into 3 companies

ccording to Nikkei Asia, Toshiba is considering splitting its infrastructure, device and Semiconductor memory businesses into three companies.

The report pointed out that, under the new plan, Toshiba’s power stations and other infrastructure businesses will be placed under one company, and nonchip devices including hard drives under another

Toshiba stated that it is a fact that business division is being discussed as an option in the process of formulating a mid-term business plan aimed at enhancing corporate value.

Previous reports showed that Toshiba has been restructuring its business in recent years. The company closed a factory in Dalian, China at the end of September, which was the company’s first production center in China, and it has been in operation for 30 years.

In addition, Toshiba also closed a factory in Saitama Prefecture, Japan. The factory began operations in 1965 and was Toshiba’s first color TV factory, but Toshiba stopped domestic production of TVs in Japan in 2012.

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