Toshiba plans spin-offs to speed reconstruction process
the-japan-news.com -- Apr 20
Toshiba Corp., which is undergoing business reconstruction, intends to spin off its main businesses, such as social infrastructure and energy, it was learned Tuesday.

Toshiba aims to speed up the decision-making process in each of its business areas so that reconstruction of its management can proceed more quickly.

Under the current plan, four businesses will be spun off: social infrastructure; energy such as thermal power plants; electronic devices other than memory chips; and ICT solutions, which mainly handle internet of things (IoT) products.

Toshiba's memory chips business was already spun off on April 1.

The separation of the four business areas may result in the transfer of about 20,000 employees to new companies, or about 80 percent of Toshiba's current staff.

News source: the-japan-news.com
Oct 21
Typhoon Lan is expected to reach waters near Okinawa Prefecture's Daitojima region at dawn on Sunday. (NHK)
Oct 21
An elderly driver has run over pedestrians in Tokyo's busy district of Kichijoji, reportedly injuring 7 people. (NHK)
Oct 21
Miyazaki Prefectural Police have arrested a 62-year-old man in the murder of the manager of a diner in Miyazaki City last month, reports Jiji Press (tokyoreporter.com)
Oct 21
The Tokyo metropolitan government said Friday it will issue 10 billion yen in "green bonds" for institutional investors on Oct. 31. (Jiji)
Oct 21
Dressed entirely in black and quick on his feet, he eluded Osaka's finest for nearly a decade. And then, to their surprise, they discovered upon his arrest that he is an elderly man. (tokyoreporter.com)
Oct 21
Tokyo Metropolitan Police have arrested six street touts over the alleged aggressive solicitation of pedestrians in the Ueno area of Taito Ward, reports the Sankei Shimbun. (tokyoreporter.com)
Oct 20
On the occasion of her 83rd birthday Friday, Empress Michiko welcomed the award this year of the Nobel Peace Prize to the International Campaign to Abolish Nuclear Weapons as a meaningful development in efforts to eliminate nuclear weapons. (Japan Times)
Oct 20
Japanese police say more than 900 people under the age of 18 were victimized through social media in the first 6 months of this year. (NHK)
Oct 20
Japan's volcanic eruption prediction committee offered the view Thursday that a major eruption may occur at Mount Shinmoe in the southwestern region of Kyushu. (Jiji)
Oct 20
Nissan Motor has just announced it will suspend domestic shipments of vehicles from all 6 factories in Japan. (NHK)