Toshiba Strips All Consumer Electronics Business

Since the financial scandal was infuriated, Toshiba, the old Japanese company, has not been able to shake off the tide, and the stock price has continued to fall. Shareholders have gradually lost confidence in the company. In order to reverse the situation, the new CEO, Masao Muromachi, began to implement the shou plan. Earlier this month, the company had already sold its sensor business to another Japanese company, Sony, and there were rumors later. Its PC business will also be stripped.

Toshiba slimmed down again, leaving only two major businesses: chip and nuclear power

Today, Toshiba formally confirmed the news, but the PC business will not be sold directly to other manufacturers, but will be combined with the sales of commercial computer subsidiaries; In addition, Toshiba also announced that it will sell television plants in Indonesia, completely stop the development TV products. It is said that the buyers of the TV factory are Skyworth Digital, a domestic company, and the transaction is expected to be between US$25 million and US$30 million.

After weight loss, Toshiba has almost no consumer electronics business. The only two remaining businesses are chip and nuclear power. According to Toshiba's plan, the company will focus on these two areas in the future.

After this reorganization, Toshiba will conduct a wave of large-scale layoffs. Toshiba officials have confirmed that it will lay off 6,800 people in the consumer electronics operations department. But this series of actions will increase the company's expenses. Toshiba expects the company's net loss will reach the highest historical record of 550 billion yen (approximately US$ 4.53 billion) in FY2015.

However, whether or not Toshiba after the streamlining of the business can get out of the predicament is still unknown...