Toshiba's Delisting Marks New Era with New Owners and Digital Focus
Toshiba, one of Japan's biggest brands, will be delisted from the Tokyo exchange after 74 years, following a decade of scandals and upheaval. The conglomerate is being taken private by a group of investors led by Japan Industrial Partners (JIP), including Orix, Chubu Electric Power, and Rohm. The $14 billion takeover puts Toshiba in domestic hands after battles with overseas activist investors. The future of Toshiba under its new owners remains uncertain, but Chief Executive Taro Shimada is expected to focus on high-margin digital services. Some industry insiders suggest splitting up Toshiba may be a better option. The Japanese government will closely monitor the situation due to the company's critical operations and national security implications.