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InvestmentsToshiba considering split into three companies to resolve conglomerate discount By Reuters

Toshiba considering split into three companies to resolve conglomerate discount By Reuters

¬© Reuters. FILE PHOTO: The brand of Toshiba Corp. is seen on the firm’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD

TOKYO (Reuters) – Toshiba (OTC:) Corp is considering splitting itself into three companies specializing in infrastructure, units and semiconductors as a method to resolve its conglomerate discount, a spokesperson mentioned on Monday.

Toshiba is within the technique of formulating its subsequent mid-term plan to improve company worth, and the split is one potential strategic choice, the corporate mentioned in a press release.

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