TOSHIBA

Corporate brand

Japanese technology and infrastructure group serving power, industrial systems, electronic components, storage, and digital solutions.

Last updated November 1, 2026

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Overview

Toshiba is a Japanese technology and infrastructure group whose origins trace to Tanaka Seisakusho, an engineering enterprise established by inventor Tanaka Hisashige in 1875, and Tokyo Denki, a lighting and electrical-equipment company founded in 1890. The two corporate lineages were combined in 1939 as Tokyo Shibaura Denki, a name commonly shortened to Toshiba before the legal name became Toshiba Corporation in 1978. During Japan’s postwar industrial expansion, Toshiba developed a broad portfolio spanning electrical machinery, home appliances, lighting, communications equipment, computing, medical systems, television, semiconductors, storage, and heavy infrastructure. The company became associated with a series of Japanese technology milestones, including early radar and computing systems, transistor and color television, microwave ovens, word processors, magnetic-resonance imaging equipment, personal computers, NAND flash memory, DVDs, and high-definition optical discs. Its 1985 launch of the Toshiba T1100 is widely regarded as an important early mass-market laptop introduction, while the Libretto later helped define the subnotebook category. Toshiba was once a major consumer-electronics and personal-computer brand. It manufactured or sold televisions, home appliances, batteries, lighting, printers, hard-disk drives, laptops, and medical equipment, and it operated internationally through subsidiaries, joint ventures, and technology partnerships. It also expanded into enterprise and industrial markets through power-generation equipment, transmission and distribution systems, elevators and escalators, air conditioning, nuclear technology, electronic components, and information-technology services. Its acquisition of Westinghouse in 2006 significantly increased its exposure to the global nuclear-power industry, but the subsidiary’s later financial distress became a major burden on the parent group. The 2010s brought a severe strategic and governance crisis. Toshiba acknowledged that profits had been overstated over several years in an accounting scandal that led to investigations, executive resignations, restated results, and substantial reputational damage. The failure of Westinghouse, which entered bankruptcy protection in 2017, intensified the group’s financial pressure. Toshiba responded by selling or separating businesses, including its medical-equipment operations, personal-computer activities, and flash-memory business. The memory operation became Kioxia, while the PC business was reorganized under Dynabook. These changes reduced Toshiba’s presence in consumer markets and shifted the brand toward infrastructure, energy systems, industrial equipment, electronic devices, storage-related technology, and digital solutions. The company also remained involved in specialized areas such as quantum cryptography, batteries, printers, elevators, and social infrastructure. In 2023, a consortium led by Japan Industrial Partners completed a tender offer and Toshiba became privately held. Its shares were delisted from the Tokyo Stock Exchange after decades of public trading. Toshiba therefore remains an active brand and operating group, but its post-2023 identity is more focused on business, industrial, energy, and infrastructure customers than on the broad consumer portfolio that once made it a household electronics name.

History

Toshiba’s oldest corporate ancestor was Tanaka Seisakusho, founded by Tanaka Hisashige in 1875. The company manufactured telegraph equipment and later diversified into electrical and communications machinery. After financial difficulties, Mitsui Bank took control in 1893 and renamed the business Shibaura Seisakusho. Shibaura subsequently developed a technical and capital relationship with General Electric, helping it expand its electrical-engineering capabilities. The second major lineage was Hakunetsusha, founded in 1890 by Miyoshi Shōichi and Fujioka Ichisuke to manufacture incandescent light bulbs. Competition from imported products forced the company to seek technological and financial support. It became Tokyo Denki in 1905 and entered a close relationship with General Electric, which supplied technology and acquired a controlling interest at that time. Shibaura Seisakusho and Tokyo Denki merged in 1939, creating Tokyo Shibaura Denki. The new company expanded across heavy electrical equipment, communications, appliances, lighting, industrial machinery, and electronics. It was listed on the Tokyo Stock Exchange in 1949. The informal name Toshiba became increasingly common, although the legal corporate name was not changed to Toshiba Corporation until 1978. In the postwar period, Toshiba became one of Japan’s most prominent technology companies. It introduced or commercialized products in computing, television, microwave ovens, word processing, medical imaging, personal computers, optical media, and semiconductors. It also built a substantial international organization through subsidiaries and joint ventures. The company entered consumer markets aggressively while retaining major industrial and infrastructure operations. In 1961 it sold an early mini-split ductless air conditioner in Japan, and in 1985 it introduced the T1100, an important early mass-market laptop. Its semiconductor research produced NAND EEPROM technology, a foundation for later flash-memory products. Toshiba’s diversification continued through acquisitions and partnerships. It created or expanded operations in music, international trading, electrical equipment, chemicals, lighting, information systems, and air conditioning. In 2006 it acquired a controlling stake in Westinghouse Electric, seeking to benefit from expected growth in nuclear power. It later acquired Fujitsu’s hard-disk-drive business, IBM’s point-of-sale operation, Landis+Gyr, and assets of OCZ Technology’s storage business. These moves strengthened selected technology and infrastructure activities but also added complexity to an already sprawling group. The company’s consumer businesses faced mounting pressure from changing technology and intense international competition. Toshiba discontinued or reduced CRT television manufacturing, abandoned its SED display effort, and later withdrew from much of the television, home-appliance, and personal-computer markets. Its flash-memory operations were separated and became Kioxia, and its PC activities were reorganized under Dynabook. In 2015, Toshiba disclosed an accounting investigation that found profits had been overstated over a number of years. The episode led to an independent investigation, management departures, revisions to reported results, and extensive governance criticism. The situation worsened when Westinghouse and its subsidiaries encountered major cost overruns and filed for bankruptcy protection in 2017. Toshiba sold assets and reorganized its remaining operations to repair its balance sheet and narrow its strategic focus. Shareholder and governance disputes continued into the early 2020s, including disagreement over strategic alternatives and the company’s relationship with activist investors. A Japan Industrial Partners-led consortium eventually acquired Toshiba in 2023. Toshiba was delisted and became privately held, marking the end of its long life as a major public Japanese corporation. Its continuing business identity is centered primarily on energy, infrastructure, electronic components, industrial systems, storage-related products, and digital technologies rather than the consumer-electronics breadth associated with its earlier history.

2023
Privatization and delisting
[1]Toshibaen.wikipedia.org
A Japan Industrial Partners-led consortium acquires Toshiba, which becomes private and leaves the Tokyo Stock Exchange.
2023
Toshiba is privatized and delisted
[5]Toshiba privatization and delisting coveragestcn.com
A Japan Industrial Partners-led consortium completes its tender offer, and Toshiba leaves the Tokyo and Nagoya stock exchanges on December 20. Toshiba ends its approximately 74-year history as a listed company on December 20.
2023
Privatization tender offer succeeds
[12]BBC: Toshiba’s 74-year listed history endsbbc.com
A Japan Industrial Partners-led tender offer receives 78.65 percent of Toshiba shares.
2022
Taro Shimada becomes president and CEO
[17]Taro Shimada becomes president and CEOglobal.toshiba
Taro Shimada takes leadership as Toshiba continues to reassess its structure and ownership strategy.
2021
Toshiba proposes a corporate split
[8]Toshiba consumer-business divestituresbaike.baidu.com
The group proposes dividing its infrastructure, device, and corporate activities as part of a restructuring effort.
2020
Exit from personal computers
[1]Toshibaen.wikipedia.org
Toshiba completes its withdrawal from the PC business, which operates as Dynabook.
2019
Toshiba Memory changes its name to Kioxia
[16]Toshiba Memory changes its name to Kioxiazuuonline.com
The former Toshiba Memory business adopts the Kioxia name as an independent memory-technology group.
2018
Memory business becomes Kioxia
[1]Toshibaen.wikipedia.org
Toshiba’s flash-memory operation is separated from the group and later operates under the Kioxia name.
2018
Computer and memory businesses are separated
[2]Toshiba history and business overviewzh.wikipedia.org
Sharp acquires Toshiba's computer operation, while Toshiba Memory is separated and later renamed Kioxia.
2018
Toshiba Memory is sold
[15]Toshiba Memory is soldlow-theme.com
Toshiba transfers its memory business to a consortium led by Bain Capital and partners, beginning its separation from the Toshiba group.
2017
Westinghouse enters bankruptcy protection
[1]Toshibaen.wikipedia.org
Westinghouse files for bankruptcy protection amid nuclear-project losses and cost overruns.
2017
Hisense acquires Toshiba's television operation
[8]Toshiba consumer-business divestituresbaike.baidu.com
Hisense acquires control of Toshiba's television subsidiary and receives television brand rights.
2017
Toshiba raises capital after nuclear losses
[13]Toshiba privatization analysisthe-shashi.com
Toshiba conducts a large third-party share issuance after Westinghouse-related losses create severe balance-sheet pressure.
2016
Midea acquires Toshiba's appliance operation
[2]Toshiba history and business overviewzh.wikipedia.org
Midea purchases a controlling stake in Toshiba Lifestyle Products and receives a long-term global Toshiba brand license for appliances.
2015
Accounting scandal becomes public
[1]Toshibaen.wikipedia.org
An investigation reveals improper accounting and triggers executive resignations and restructuring. Accounting irregularities and overstated profits trigger executive resignations, investigations, and governance reform. An independent investigation identifies inappropriate accounting practices and leads to management and governance consequences.
2006
Westinghouse acquisition
[1]Toshibaen.wikipedia.org
Toshiba completes the acquisition of a controlling interest in Westinghouse Electric. Toshiba expands its international nuclear-power business by acquiring Westinghouse's nuclear operations.
2006
Westinghouse nuclear business is acquired
[1]Toshibaen.wikipedia.org
Toshiba acquires Westinghouse’s nuclear business from British Nuclear Fuels, expanding its global nuclear-power ambitions.
1991
NAND EEPROM milestone
[1]Toshibaen.wikipedia.org
Toshiba introduces NAND EEPROM technology, an important predecessor of modern flash-memory products.
1986
Toshiba enters notebook-computer history
[2]Toshiba history and business overviewzh.wikipedia.org
Reference material identifies Toshiba as an early pioneer in notebook computers.
1985
T1100 laptop launches
[1]Toshibaen.wikipedia.org
Toshiba introduces the T1100, an influential early mass-market laptop computer.
1984
The Toshiba name becomes the corporate brand
[2]Toshiba history and business overviewzh.wikipedia.org
Tokyo Shibaura Electric begins using Toshiba as its shortened corporate and commercial name.
1978
The legal name becomes Toshiba Corporation
[1]Toshibaen.wikipedia.org
The company officially adopts Toshiba Corporation as its legal name.
1978
Toshiba becomes the formal corporate name
[1]Toshibaen.wikipedia.org
The shortened Toshiba name becomes the company’s formal English corporate identity.
1959
Early transistor television and microwave products
[2]Toshiba history and business overviewzh.wikipedia.org
Toshiba is associated with early Japanese transistor television and microwave-oven production.
1954
TAC digital computer
[1]Toshibaen.wikipedia.org
Toshiba develops the TAC digital computer, one of the company’s early computing milestones.
1949
Toshiba is listed in Tokyo
[1]Toshibaen.wikipedia.org
Tokyo Shibaura Denki is listed on the Tokyo Stock Exchange.
1942
Toshiba develops radar technology in Japan
[2]Toshiba history and business overviewzh.wikipedia.org
The company is credited in reference material with producing Japan's first radar system.
1939
Shibaura and Tokyo Denki merge
[1]Toshibaen.wikipedia.org
The two principal predecessor companies combine to form Tokyo Shibaura Denki.
1939
Tokyo Shibaura Electric is created
[2]Toshiba history and business overviewzh.wikipedia.org
Tokyo Electric Company and Shibaura Engineering merge, creating the company that later adopts the Toshiba name.
1890
Hakunetsusha is founded
[1]Toshibaen.wikipedia.org
Hakunetsusha begins manufacturing electric lamps and later develops into Tokyo Electric Company, the second major predecessor of Toshiba.
1875
Tanaka Seisakusho is established
[1]Toshibaen.wikipedia.org
Tanaka Hisashige establishes an engineering company that becomes one of Toshiba’s principal corporate ancestors.

Products and positioning

A technology-led industrial and infrastructure group emphasizing engineering capability, reliability, energy systems, social infrastructure, electronic components, and enterprise digital solutions.

Personal computers · 1985
Toshiba laptops
Toshiba was a significant notebook-computer manufacturer and introduced the T1100 in 1985, one of the early laptops aimed at a broad commercial market. The company later developed the Satellite, Tecra, Portege, and Libretto families. Toshiba exited the PC business in 2020, with the remaining operation reorganized under Dynabook.
Storage
Toshiba Canvio
Canvio is a family of Toshiba-branded external storage products, generally built around portable or desktop hard-disk technology. The line served consumer and small-office users needing removable backup and file-storage devices.
Data storage
Toshiba hard-disk drives
Toshiba has supplied hard-disk drives for personal computers, enterprise systems, surveillance, and other storage applications. The business was strengthened by the acquisition of Fujitsu’s HDD operation in 2009 and remains associated with Toshiba’s electronic-device portfolio.
Energy infrastructure
Toshiba power systems
Toshiba develops equipment and systems for power generation, transmission, distribution, and related industrial infrastructure. These offerings represent the company’s post-restructuring emphasis on large business and public-infrastructure customers.
Building infrastructure
Toshiba elevators and escalators
Toshiba’s elevator and escalator business supplies vertical-transportation equipment for buildings and public facilities. It is part of the group’s broader social-infrastructure activities rather than its former consumer-electronics portfolio.
Semiconductors · 1991
Toshiba NAND flash technology
Toshiba was a pioneer of NAND flash memory and built a major semiconductor business around nonvolatile storage. The flash-memory operation was separated from Toshiba and became Kioxia, so the technology is historically central to the brand but no longer wholly part of the Toshiba corporate group.
Consumer electronics
Toshiba televisions
Toshiba televisions included CRT, plasma, LCD, and other display products sold in Japan and international markets. The company reduced and ultimately exited much of its in-house television manufacturing as display competition intensified.
Small kitchen appliances
Rice cookers
Rice cookers are among the most visible Toshiba-branded consumer products, particularly in Japan and Asian markets. Product lines have emphasized automatic cooking, multiple rice and grain programs, pressure or induction heating in selected models, and compact formats for household use. The consumer-appliance business is associated with Toshiba through Toshiba Lifestyle Products and regional licensing arrangements rather than representing the entire Toshiba corporate group.
Consumer appliances
Home appliances
Toshiba-branded home appliances include refrigerators, washing machines, microwave ovens, air conditioners, and related household products. In 2016 Midea acquired control of Toshiba's appliance business and obtained a long-term global brand license. As a result, ownership, manufacturing, distribution, and product portfolios differ by country, even though the Toshiba name remains prominent on selected appliances. Toshiba-branded consumer appliances include air conditioners, refrigerators, washing machines, rice cookers, microwave ovens and vacuum cleaners. These products are marketed through Toshiba Lifestyle-related companies and distribution partners rather than representing the full scope of Toshiba Corporation’s current industrial businesses. Advertising commonly highlights practical experimentation, product functions and everyday convenience.
Consumer electronics
Televisions
Toshiba televisions formed part of the company's historic consumer-electronics portfolio and helped establish its reputation for Japanese electronic engineering. Hisense acquired control of Toshiba's television operation in 2017 and received long-term rights to use the Toshiba television brand in global markets. Current models and support arrangements therefore depend on local market licensing and Hisense-related operations.
Personal computers · 1986
Notebook computers and Dynabook
Toshiba was an early and influential notebook-computer manufacturer, with products sold under the Toshiba and later Dynabook identities. In 2018 Sharp acquired a controlling interest in the computer business and developed it under the Dynabook name, subsequently acquiring the remaining Toshiba interest. Dynabook is therefore a successor business rather than a current Toshiba-owned personal-computer line.
Semiconductors and storage
NAND flash memory
Toshiba was a foundational company in NAND flash memory and built a major semiconductor and storage operation through internal research and joint ventures. The business was separated from Toshiba in 2018, sold to a Bain Capital-led consortium, and renamed Kioxia in 2019. Its technology and production heritage remains one of Toshiba's most consequential contributions to modern digital storage.
Healthcare technology
Medical-imaging systems
Toshiba developed diagnostic-imaging equipment, including advanced computed-tomography systems and other medical technologies. The medical-systems business was sold to Canon as part of Toshiba's post-crisis asset disposals. Medical imaging is therefore a major part of Toshiba's historical technology portfolio but is no longer a core Toshiba-owned product line.
Industrial and infrastructure technology
Energy and infrastructure systems
Toshiba's continuing industrial portfolio includes power-generation equipment, transmission and distribution systems, railway technologies, industrial plants, digital infrastructure, and services for public and commercial customers. These offerings represent the company's current strategic center of gravity after the divestiture of many consumer-facing businesses. Toshiba supplies equipment and integrated systems for electricity generation, transmission, distribution and related grid operations. Its energy portfolio has included thermal, hydroelectric, nuclear and renewable-energy applications, as well as digital tools for managing power networks and virtual power plants. The business is oriented primarily toward utilities, industrial customers and public infrastructure operators.
Building infrastructure
Elevators and building systems
Toshiba-branded elevator and building-system businesses provide elevators, escalators, monitoring, maintenance and related engineering services. The offering addresses commercial buildings, residential developments, transport facilities and other high-rise or high-traffic environments. Marketing emphasizes reliability, safety, energy efficiency and lifecycle service rather than a standalone consumer product.
Rechargeable batteries
SCiB rechargeable batteries
SCiB is Toshiba’s rechargeable battery technology platform. It has been promoted for applications requiring rapid charging, long service life, safety and repeated cycling, including vehicles, industrial equipment, energy storage and other mobility or infrastructure uses. The technology forms part of Toshiba’s broader energy-transition and electrification positioning.
Industrial software and digital transformation
Industrial digital solutions
Toshiba provides digital platforms, operational technology, industrial control, data systems and consulting for manufacturing, energy, transport and public-sector customers. These solutions connect equipment, operational data and analytics to improve productivity, maintenance, energy management and service delivery. The business reflects Toshiba’s shift toward recurring, technology-enabled infrastructure services.
Transportation infrastructure
Railway and transportation systems
Toshiba develops electrical systems and digital solutions for railways and other transportation networks. Offerings have included traction and propulsion equipment, power-conversion systems, control technologies, signaling-related solutions and maintenance support. The business serves railway operators, rolling-stock manufacturers and infrastructure authorities in Japan and overseas.
Semiconductors and electronic components
Electronic devices and components
Toshiba’s devices businesses include power semiconductors, discrete components, storage-related technologies and other electronic parts used in industrial, automotive, energy and consumer applications. The group’s former NAND flash-memory business became Kioxia after separation, so the present Toshiba portfolio should not be treated as equivalent to its former memory operation.

Controversies

2021
Ransomware attack on Toshiba TFIS
Toshiba TFIS said it was hacked by DarkSide ransomware on May 4. Toshiba said the attack was limited to part of Europe and hackers did not access client data; Toshiba TFIS said it detected no data leak.
Source
2019
Toshiba sues former employee over alleged fraud
Toshiba said it filed a lawsuit against a former employee of a US unit, alleging that the employee conspired with a contractor and defrauded the company. Toshiba said its internal assessment found evidence of inflated construction prices and kickbacks, and that it was still investigating the scale of the damages and whether other employees were involved.
Source
2017
Westinghouse nuclear losses and financial crisis
Cost overruns and losses associated with Toshiba’s Westinghouse nuclear business placed severe pressure on the parent company. Westinghouse entered bankruptcy protection, while Toshiba was forced into asset sales and a major capital raising to address balance-sheet stress.
Source
2015
Toshiba accounting scandal
An independent investigation found that Toshiba had overstated profits through improper accounting practices over several years. The scandal led to management departures, revised financial reporting, regulatory scrutiny, and a prolonged restructuring. Toshiba acknowledged accounting irregularities involving the recognition and presentation of profits and the pressure placed on business units to meet performance targets. The affair led to executive resignations, board changes, investigations, and substantial damage to the company's reputation and finances. An independent investigation found that Toshiba had used inappropriate accounting practices that overstated profits across several businesses. The disclosure led to executive resignations, regulatory attention, reputational damage and a reassessment of the company’s governance and internal controls.
Source
2012
LCD panel price-fixing allegations
Toshiba faced allegations concerning coordination of LCD-panel prices in the United States and joined a settlement with other manufacturers.
Source
1987
Toshiba-Kongsberg export-control scandal
Toshiba Machine and Norway’s Kongsberg were accused of supplying restricted computer-controlled milling technology to the Soviet Union. The case caused diplomatic tension, prosecutions, and sanctions involving Japan and the United States.
Source
1987
Toshiba Machine export-control controversy
Toshiba Machine, a Toshiba-affiliated company, was accused of illegally selling precision multi-axis machine tools, numerical-control equipment, and software to the Soviet Union. The equipment was reported to have potential military use in submarine manufacturing and the episode became a major export-control controversy.
Source

2007One Times Square sponsorship
United States · Global media audience
Toshiba became the sponsor of the prominent upper screen at One Times Square in New York and its New Year’s Eve countdown display, giving the brand a highly visible international advertising presence.
Outcome. The sponsorship continued until the New Year’s Eve countdown in 2018, when Capital One became the sponsor.
Source
1980Toshiba brand advertising and corporate song
Japan · China
Toshiba's mass-market advertising in the late twentieth century used a highly recognizable corporate song and the message associated with a new era for Toshiba. The campaign helped connect the company with household electronics and technological modernity.
Outcome. The advertising became strongly associated with Toshiba's consumer-electronics identity, particularly among audiences in Japan and China.
Source
1960Toshiba Corporate Advertising
Japan
A series of corporate advertisements created for Tokyo Shibaura Electric during the 1960s presented Toshiba as a comprehensive technology company. The work connected the company’s engineering capabilities with public fascination about space exploration, nuclear energy and the future, while stressing Toshiba’s ability to turn advanced technology into practical social and industrial applications.
Outcome. The campaign received multiple advertising awards and became an example of Toshiba’s mid-century corporate image-building.
Source
Create what is not yet commonplace in the world
Japan · International digital channels
Toshiba’s corporate communication platform promotes the idea of creating practical technologies that are not yet ordinary. Related films and graphics cover power distribution, manufacturing digitalization, weather, power generation, transportation, quantum cryptography, virtual power plants and semiconductors.
Outcome. The platform supports Toshiba’s repositioning as an infrastructure and technology group rather than primarily a household-electronics manufacturer.
Source
Toshiba Lifestyle Red Square campaign
Japan
Toshiba Lifestyle used the Red Square brand symbol in television commercials for appliances such as ovens, washing machines, vacuum cleaners, air conditioners, refrigerators and rice cookers. The creative work combined product demonstrations with a recognizable visual identity.
Outcome. The campaign supported continued consumer recognition of Toshiba-branded appliances in Japan.
Source
Toshiba Lifestyle Everyday Appliance Experiment
Japan
The Everyday Appliance Experiment series used entertaining demonstrations to test and explain the features of Toshiba Lifestyle products, including air conditioners.
Outcome. The format translated technical product benefits into accessible consumer advertising.
Source

Brand decisions

2023
Accept Japan Industrial Partners-led tender offerM&A
Background
Toshiba faced prolonged strategic and shareholder pressure over its future ownership and corporate structure. After years of governance disputes and competing restructuring proposals, Toshiba sought a stable ownership structure and invited acquisition proposals. Long-running disputes with activist shareholders and failed separation proposals made a stable ownership structure a central strategic issue.
Action taken
Toshiba’s board supported a TBJH tender offer backed by Japan Industrial Partners and a domestic investor consortium.
Aftermath
Toshiba became privately owned and was delisted from the Tokyo and Nagoya exchanges on December 20, 2023, ending its 74-year public listing history. The tender offer received 78.65 percent shareholder participation, and Toshiba was delisted in December 2023.
Tender-offer value. Approximately 2 trillion yen (2023)
Source
2021
Propose splitting the group into separate companiesStrategy
Background
Toshiba faced continuing disagreement among management, shareholders, and other stakeholders about governance, capital allocation, and the appropriate future structure of the conglomerate.
Action taken
The company proposed separating infrastructure services, device operations, and the remaining Toshiba corporate entity.
Aftermath
The split proposal did not settle the ownership and governance debate. Toshiba later pursued an open restructuring and acquisition-proposal process.
Source
2020
Exit the personal-computer businessStrategy
Background
Toshiba had progressively reduced its PC operations as the market consolidated and the group concentrated on other businesses.
Action taken
Toshiba transferred its remaining interest in the PC business, which operated under the Dynabook name.
Aftermath
The transaction ended Toshiba’s direct involvement in personal-computer manufacturing and marked a further retreat from consumer electronics.
Source
2018
Separate the flash-memory operationStrategy
Background
Toshiba needed to raise funds and reduce exposure to the financial consequences of the Westinghouse crisis.
Action taken
The flash-memory business was separated from Toshiba and subsequently operated as Kioxia.
Aftermath
Toshiba lost direct ownership of one of its most strategically important semiconductor businesses while focusing more heavily on infrastructure and industrial technology.
Source
2018
Transfer the personal-computer business to SharpM&A
Background
Toshiba was continuing to dispose of consumer and technology businesses to simplify the group and improve its financial position.
Action taken
Sharp acquired a controlling stake in Toshiba's personal-computer operation and developed it under the Dynabook name.
Aftermath
The computer operation became a Sharp-controlled successor business, and Toshiba later exited its remaining interest.
Source
2018
Sell the Toshiba Memory businessM&A
Background
Toshiba needed to raise funds after the accounting scandal and Westinghouse-related losses.
Action taken
Toshiba transferred its memory business to a consortium led by Bain Capital and its partners.
Aftermath
The business became independent and was later renamed Kioxia, ending Toshiba’s direct control of a major flash-memory operation.
Source
2017
Sell the television business to HisenseM&A
Background
Toshiba's consumer-electronics operations were being reduced as the group addressed financial pressure and concentrated on businesses viewed as more strategically important.
Action taken
Toshiba transferred control of its television subsidiary to Hisense and granted television-related brand rights.
Aftermath
Hisense became responsible for operating the Toshiba television business in covered markets, while Toshiba continued to receive visibility through brand licensing.
Source
2017
Divest the semiconductor and memory businessM&A
Background
Toshiba needed to raise capital after losses associated with Westinghouse and the broader corporate crisis. Its memory business was one of its most valuable assets, but its proposed sale faced opposition from joint-venture partner Western Digital.
Action taken
Toshiba selected a Bain Capital-led consortium to acquire the memory operation, with participation from strategic and financial investors.
Aftermath
The transaction was completed after legal and regulatory complications. The separated business became Toshiba Memory and was renamed Kioxia in 2019.
- Western Digital — Western Digital initiated arbitration, arguing that Toshiba could not transfer interests in certain flash-memory joint ventures without its consent.
Source
2017
Raise capital through a third-party share issueStrategy
Background
Westinghouse-related losses threatened Toshiba’s capital position and raised the possibility of delisting.
Action taken
Toshiba raised approximately 600 billion yen through a third-party allotment involving numerous investors.
Aftermath
The financing helped eliminate the immediate excess-liabilities problem but increased the influence of activist and other large shareholders.
Third-party capital raised. Approximately 600 billion yen (December 2017)
Source
2016
Sell control of the home-appliance business to MideaM&A
Background
Toshiba was seeking to strengthen its finances and reduce exposure to non-core consumer operations after the accounting crisis and losses in other businesses.
Action taken
Toshiba transferred 80.1 percent of Toshiba Lifestyle Products to Midea and granted a long-term global license for the Toshiba consumer-appliance brand.
Aftermath
Toshiba retained a minority interest for a period, while Midea became the principal operator of Toshiba-branded white goods in relevant markets.
Source

Showing the 10 most recent.

Recent events

2023
Toshiba becomes privately held and is delisted[1]Toshibaen.wikipedia.org
M&A
A consortium led by Japan Industrial Partners acquired Toshiba through a tender offer, ending its public listing after 74 years.
2023
Toshiba tender offer succeeds and delisting is approved[5]Toshiba privatization and delisting coveragestcn.com
M&A
A Japan Industrial Partners-led consortium acquired enough shares through a tender offer to meet the privatization threshold. Shareholders approved the delisting, which was completed on December 20, ending Toshiba's 74-year public listing history.
2023
Toshiba accepts a Japan Industrial Partners-led tender offer[11]Toshiba tender offer informationglobal.toshiba
M&A
Toshiba’s board supported a tender offer by TBJH, a special-purpose company established by Japan Industrial Partners, as the route to privatization after prolonged shareholder and restructuring disputes.
2023
Tender offer succeeds with 78.65 percent of shares tendered[12]BBC: Toshiba’s 74-year listed history endsbbc.com
M&A
The JIP-led consortium obtained sufficient support to proceed with Toshiba’s privatization and subsequent delisting.
2023
Toshiba ends its 74-year listed-company history[19]Tender-offer valuestrada-group.jp
M&A
Toshiba was delisted from the Tokyo Stock Exchange in December after the successful tender offer and a subsequent ownership transition.
2022
Japan Industrial Partners becomes preferred bidder for Toshiba[6]Toshiba restructuring and JIP acquisition proposalm.mp.oeeee.com
M&A
After Toshiba solicited restructuring proposals from domestic and international parties, Japan Industrial Partners was selected as the preferred bidder for a transaction intended to stabilize ownership and take the company private.
2021
Toshiba announces a plan to split into separate operating companies[8]Toshiba consumer-business divestituresbaike.baidu.com
Other
Toshiba proposed dividing its operations into infrastructure-related, device-related, and corporate entities as part of an effort to simplify the group and improve capital allocation. The proposal became part of a wider and contentious restructuring debate.
2020
Toshiba exits the personal-computer business[1]Toshibaen.wikipedia.org
Other
Toshiba completed its withdrawal from personal computers after transferring its remaining stake in the business that became Dynabook.
2019
Toshiba Memory is separated and later renamed Kioxia[16]Toshiba Memory changes its name to Kioxiazuuonline.com
M&A
The former Toshiba Memory business changed its name to Kioxia as ownership and corporate separation from Toshiba progressed.
2018
Toshiba completes sale of memory business[1]Toshibaen.wikipedia.org
M&A
Toshiba separated its flash-memory operation, which later operated as Kioxia, as part of its financial restructuring.

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