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.
Airbnb estimates that its services contributed 920 billion yen ($8.35 billion) to the Japanese economy in 2016, up 80% from the previous year, as foreign users took advantage of affordable lodging in big cities and rural areas. (Nikkei)
Princess Kako, a granddaughter of Emperor Akihito, will study at the University of Leeds in Britain from September this year to June next year as an exchange student, the Imperial Household Agency said Monday. (Japan Today)
Tokyo Metropolitan Police have arrested the former manager of an illicit parlor in Shinjuku who is suspected of instructing teenage girls to perform sex acts with customers, reports TBS News. (tokyoreporter.com)
The Japanese government has decided to start landfill work at the Henoko coastal area in the city of Nago, Okinawa Prefecture, on Tuesday for the relocation of the U.S. Marine Corps' Futenma air base, informed sources said Monday. (Jiji)
The Bank of Japan wants financial institutions to lend more money under its large-scale monetary-easing policy. But it's worried that some regional banks are too eager to offer real estate loans, especially for building rental housing. (NHK)
Two elderly women were hit and killed by a train at a station in Kanagawa Prefecture, south of Tokyo, with surveillance camera footage showing the two jumping on the tracks holding each other's hands, police said Monday. (Japan Today)
Rakuten Inc announced the official launch of "Rakuten Super English," a comprehensive English learning service utilizing technology to provide a practical English learning and a new style of studying. The launch of Rakuten Super English marks Rakuten's entry into the English education business. (Japan Today)