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URLhttps://www.thestreet.com/investing/toshiba-to-split-into-three-companies
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Meta TitleToshiba to Break Up Into Three Separate Companies - TheStreet
Meta Description140-year-old Toshiba will split into an infrastructure services company, an electronics and storage company and a flash memory company that will keep the Toshiba name.
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Japanese electronics maker Toshiba  ( TOSYY )  announced Friday that it plans to split into three companies by 2024 in what the company says is a first-ever-spinoff for a company of its size.  Toshiba will split into an infrastructure service company, an electronic devices and storage company, and a third company that will keep the Toshiba name and manage the company’s stake in Kioxia Holdings, a flash-memory company. “Over our more than 140-year history, Toshiba has constantly evolved to stay ahead of the times. Today’s announcement is no different,” said Satoshi Tsunakawa, Toshiba CEO, president and interim chairperson.  “In order to enhance our competitive positioning, each business now needs greater flexibility to address its own market opportunities and challenges.” The infrastructure service company will consist of Toshiba’s energy systems and solutions, infrastructure systems, building solutions, digital solutions and battery businesses. The unit is expected to have $18.3 billion in fiscal revenue this year.  The device company will feature Toshiba’s semiconductors, optical semiconductors, analog integrated circuits, high-capacity hard disk drives and other hardware. That division is expected to have revenue of $7 billion.  The division that keeps the Toshiba name will seek to convert shares of Kioxia into cash “as soon as practicable.” The decision comes after a five-month review process that concluded that a separation into three standalone companies would enhance the most shareholder value.  Toshiba has been active in unloading certain units in recent years, including medical devices, personal computers, consumer electronics and Westinghouse Electric, its U.S. nuclear power unit that declared bankruptcy in 2017, according to the Wall Street Journal.  There have been a slew of company split-up announcements in recent days, with General Electric  ( GE )  and Johnson & Johnson  ( JNJ )  both announcing plans to spin off their business segments.  Related:  Johnson & Johnson Stock Leaps On Plan to Split Into Two Companies About the author Tony Owusu has been writing for TheStreet since 2014. He covers the latest automotive business news from Ford Motor, General Motors, Stellantis, and internationally. He writes about Japanese car companies, including Toyota and Honda, and German automakers, such as BMW and Mercedes-Benz. Tony frequently writes about Tesla, Elon Musk, electric vehicles, robotaxis, and the impact of tariffs on automakers. Tony's first car was a Chevy Corsica, but after spending 10 years in New York, his new dream car is a Chrysler Pacifica.An avid sports fan, Tony’s first professional job as a reporter was covering high school sports. Nowadays, he also writes sports business news and sports gambling during football season. He is a 2009 graduate of American University, and you can follow Tony Owusu on X @Tonythestreet 
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[Investing](https://www.thestreet.com/investing) # Toshiba to Break Up Into Three Separate Companies 140-year-old Toshiba will split into an infrastructure services company, an electronics and storage company and a flash memory company that will keep the Toshiba name. Nov 12, 2021 8:43 AM EST ![](https://www.thestreet.com/.image/MTY3NTQxMjI5MDA1MzgzMDQ3/tony-owusu.png?io=1&profile=w256&ar=1-1) By [Tony Owusu](https://www.thestreet.com/author/tony-owusu) 0 [Add us on](https://www.google.com/preferences/source?q=thestreet.com) Related Articles [View post: Down 76% from high, Nike stock offers dividend yield of about 4%](https://www.thestreet.com/investing/stocks/down-76-from-all-time-highs-nike-nke-stock-offers-a-dividend-yield-of-4)![](https://www.thestreet.com/.image/NDA6MDAwMDAwMDAyOTA5NTc5/shutterstock.jpg?io=1&profile=w256&ar=1-1) Stocks [Down 76% from high, Nike stock offers dividend yield of about 4%](https://www.thestreet.com/investing/stocks/down-76-from-all-time-highs-nike-nke-stock-offers-a-dividend-yield-of-4) Aditya Raghunath - [NKE](https://www.thestreet.com/quote/NKE) [View post: HSBC issues urgent take on the S\&P 500](https://www.thestreet.com/investing/hsbc-issues-urgent-take-on-the-sp-500)![](https://www.thestreet.com/.image/NDA6MDAwMDAwMDAyOTM2MDMz/sp500_marketsignal_mf_04082026.jpg?io=1&profile=w256&ar=1-1) Investing [HSBC issues urgent take on the S\&P 500](https://www.thestreet.com/investing/hsbc-issues-urgent-take-on-the-sp-500) Moz Farooque - [SPY](https://www.thestreet.com/quote/SPY) [View post: Morgan Stanley delivers blunt message to Tesla stock investors](https://www.thestreet.com/investing/stocks/morgan-stanley-delivers-blunt-message-to-tesla-stock-investors)![](https://www.thestreet.com/.image/NDA6MDAwMDAwMDAyOTM1Njc2/teslastock_analystmessage_mf_04072026.jpg?io=1&profile=w256&ar=1-1) Stocks [Morgan Stanley delivers blunt message to Tesla stock investors](https://www.thestreet.com/investing/stocks/morgan-stanley-delivers-blunt-message-to-tesla-stock-investors) Moz Farooque - [TSLA](https://www.thestreet.com/quote/TSLA) [View post: Amazon is selling a \$575 Citizen Eco-Drive watch for \$230 that's a great start to your luxury watch collection](https://www.thestreet.com/deals/citizen-weekender-eco-drive-chronograph-amazon-sale)![](https://www.thestreet.com/.image/NDA6MDAwMDAwMDAyOTE2NzI1/exterior-shot-of-amazons-german-headquarters.jpg?io=1&profile=w256&ar=1-1) Deals [Amazon is selling a \$575 Citizen Eco-Drive watch for \$230 that's a great start to your luxury watch collection](https://www.thestreet.com/deals/citizen-weekender-eco-drive-chronograph-amazon-sale) Adam Reeder Recommended on TheStreet Pro [View post: Updating 4 Names in the \$10K Portfolio With Plans to Increase 2 Positions](https://pro.thestreet.com/trade-ideas/updating-4-names-in-the-10k-portfolio-with-plans-to-increase-2-positions)![](https://www.thestreet.com/.image/MjIxMzUxNDk3NzE4MzEwNzc0/aggressive-bull-fighting-furious-bear-with-stock-market-image-in-the-background.jpg?io=1&profile=w256&ar=1-1) PROTrade Ideas [Updating 4 Names in the \$10K Portfolio With Plans to Increase 2 Positions](https://pro.thestreet.com/trade-ideas/updating-4-names-in-the-10k-portfolio-with-plans-to-increase-2-positions) Stephen Guilfoyle [View post: Stocks & Markets Podcast: Uranium, SMRs, and Eagle Nuclear Energy's Opportunity](https://pro.thestreet.com/portfolio/stocks-markets-podcast-uranium-smrs-and-eagle-nuclear-energys-opportunity)![](https://www.thestreet.com/.image/MjIwNDE3MjMzMzQ2NjM0ODIy/stocks-markets-podcast.png?io=1&profile=w256&ar=1-1) PROPortfolio [Stocks & Markets Podcast: Uranium, SMRs, and Eagle Nuclear Energy's Opportunity](https://pro.thestreet.com/portfolio/stocks-markets-podcast-uranium-smrs-and-eagle-nuclear-energys-opportunity) Chris Versace [View post: My Covered-Call Strategy Paid Off, Now I'm Going for the Gold (Miners)](https://pro.thestreet.com/trade-ideas/my-covered-call-strategy-paid-off-now-im-going-for-the-gold-miners)![](https://www.thestreet.com/.image/MjA0MzQ5MzE0MDE2MjkwMTM4/out-of-favor-gold-is-poised-to-stage-an-upside-reversal.png?io=1&profile=w256&ar=1-1) PROTrade Ideas [My Covered-Call Strategy Paid Off, Now I'm Going for the Gold (Miners)](https://pro.thestreet.com/trade-ideas/my-covered-call-strategy-paid-off-now-im-going-for-the-gold-miners) Bret Jensen GE JNJ Japanese electronics maker Toshiba (**TOSYY**) announced Friday that it plans to split into three companies by 2024 in what the company says is a first-ever-spinoff for a company of its size. Toshiba will split into an infrastructure service company, an electronic devices and storage company, and a third company that will keep the Toshiba name and manage the company’s stake in Kioxia Holdings, a flash-memory company. “Over our more than 140-year history, Toshiba has constantly evolved to stay ahead of the times. Today’s announcement is no different,” said Satoshi Tsunakawa, Toshiba CEO, president and interim chairperson. “In order to enhance our competitive positioning, each business now needs greater flexibility to address its own market opportunities and challenges.” The infrastructure service company will consist of Toshiba’s energy systems and solutions, infrastructure systems, building solutions, digital solutions and battery businesses. The unit is expected to have \$18.3 billion in fiscal revenue this year. The device company will feature Toshiba’s semiconductors, optical semiconductors, analog integrated circuits, high-capacity hard disk drives and other hardware. That division is expected to have revenue of \$7 billion. The division that keeps the Toshiba name will seek to convert shares of Kioxia into cash “as soon as practicable.” The decision comes after a five-month review process that concluded that a separation into three standalone companies would enhance the most shareholder value. Toshiba has been active in unloading certain units in recent years, including medical devices, personal computers, consumer electronics and Westinghouse Electric, its U.S. [nuclear power](https://www.thestreet.com/investing/etfs/how-to-invest-in-nuclear-energy-and-the-uranium-that-powers-it) unit that declared bankruptcy in 2017, according to the [Wall Street](https://www.thestreet.com/dictionary/w/wall-street) Journal. There have been a slew of company split-up announcements in recent days, with [General Electric (](https://www.thestreet.com/markets/general-electric-stock-soars-on-plans-to-split-into-3-companies)**[GE](https://www.thestreet.com/quote/GE)**) and [Johnson & Johnson (](https://www.thestreet.com/markets/johnson-johnson-stock-leaps-on-plan-to-split-into-two-companies)**[JNJ](https://www.thestreet.com/quote/JNJ)**) both announcing plans to spin off their business segments. Related: [Johnson & Johnson Stock Leaps On Plan to Split Into Two Companies](https://www.thestreet.com/markets/johnson-johnson-stock-leaps-on-plan-to-split-into-two-companies) ## About the author ![](https://www.thestreet.com/.image/MTY3NTQxMjI5MDA1MzgzMDQ3/tony-owusu.png?io=1&profile=w256&ar=1-1) ## [Tony Owusu](https://www.thestreet.com/author/tony-owusu) Tony Owusu has been writing for TheStreet since 2014. He covers the latest automotive business news from Ford Motor, General Motors, Stellantis, and internationally. He writes about Japanese car companies, including Toyota and Honda, and German automakers, such as BMW and Mercedes-Benz. Tony frequently writes about Tesla, Elon Musk, electric vehicles, robotaxis, and the impact of tariffs on automakers. Tony's first car was a Chevy Corsica, but after spending 10 years in New York, his new dream car is a Chrysler Pacifica.An avid sports fan, Tony’s first professional job as a reporter was covering high school sports. Nowadays, he also writes sports business news and sports gambling during football season. He is a 2009 graduate of American University, and you can follow Tony Owusu on X @Tonythestreet Start the Conversation [![](https://www.thestreet.com/.image/NDA6MDAwMDAwMDAyNzUwMjg4/thestreet-logo-1.svg?io=1&profile=w256)](https://www.thestreet.com/) *** - [Finance & Markets](https://www.thestreet.com/investing) Finance & Markets - [Commodities](https://www.thestreet.com/tag/commodities) - [Credit Cards](https://www.thestreet.com/tag/credit-cards) - [Estate Planning](https://www.thestreet.com/tag/estate-planning) - [Fintech](https://www.thestreet.com/tag/fintech) - [Insurance](https://www.thestreet.com/tag/insurance) - [IPOs](https://www.thestreet.com/tag/ipos) - [IRA](https://www.thestreet.com/tag/ira) - [Mortgages](https://www.thestreet.com/tag/mortgages) - [401K](https://www.thestreet.com/tag/401k) - [Commodities](https://www.thestreet.com/tag/commodities) - [Credit Cards](https://www.thestreet.com/tag/credit-cards) - [Estate Planning](https://www.thestreet.com/tag/estate-planning) - 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Readable Markdown
Japanese electronics maker Toshiba (**TOSYY**) announced Friday that it plans to split into three companies by 2024 in what the company says is a first-ever-spinoff for a company of its size. Toshiba will split into an infrastructure service company, an electronic devices and storage company, and a third company that will keep the Toshiba name and manage the company’s stake in Kioxia Holdings, a flash-memory company. “Over our more than 140-year history, Toshiba has constantly evolved to stay ahead of the times. Today’s announcement is no different,” said Satoshi Tsunakawa, Toshiba CEO, president and interim chairperson. “In order to enhance our competitive positioning, each business now needs greater flexibility to address its own market opportunities and challenges.” The infrastructure service company will consist of Toshiba’s energy systems and solutions, infrastructure systems, building solutions, digital solutions and battery businesses. The unit is expected to have \$18.3 billion in fiscal revenue this year. The device company will feature Toshiba’s semiconductors, optical semiconductors, analog integrated circuits, high-capacity hard disk drives and other hardware. That division is expected to have revenue of \$7 billion. The division that keeps the Toshiba name will seek to convert shares of Kioxia into cash “as soon as practicable.” The decision comes after a five-month review process that concluded that a separation into three standalone companies would enhance the most shareholder value. Toshiba has been active in unloading certain units in recent years, including medical devices, personal computers, consumer electronics and Westinghouse Electric, its U.S. [nuclear power](https://www.thestreet.com/investing/etfs/how-to-invest-in-nuclear-energy-and-the-uranium-that-powers-it) unit that declared bankruptcy in 2017, according to the [Wall Street](https://www.thestreet.com/dictionary/w/wall-street) Journal. There have been a slew of company split-up announcements in recent days, with [General Electric (](https://www.thestreet.com/markets/general-electric-stock-soars-on-plans-to-split-into-3-companies)**[GE](https://www.thestreet.com/quote/GE)**) and [Johnson & Johnson (](https://www.thestreet.com/markets/johnson-johnson-stock-leaps-on-plan-to-split-into-two-companies)**[JNJ](https://www.thestreet.com/quote/JNJ)**) both announcing plans to spin off their business segments. Related: [Johnson & Johnson Stock Leaps On Plan to Split Into Two Companies](https://www.thestreet.com/markets/johnson-johnson-stock-leaps-on-plan-to-split-into-two-companies) ## About the author ![](https://www.thestreet.com/.image/MTY3NTQxMjI5MDA1MzgzMDQ3/tony-owusu.png?io=1&profile=w256&ar=1-1) Tony Owusu has been writing for TheStreet since 2014. He covers the latest automotive business news from Ford Motor, General Motors, Stellantis, and internationally. He writes about Japanese car companies, including Toyota and Honda, and German automakers, such as BMW and Mercedes-Benz. Tony frequently writes about Tesla, Elon Musk, electric vehicles, robotaxis, and the impact of tariffs on automakers. Tony's first car was a Chevy Corsica, but after spending 10 years in New York, his new dream car is a Chrysler Pacifica.An avid sports fan, Tony’s first professional job as a reporter was covering high school sports. Nowadays, he also writes sports business news and sports gambling during football season. He is a 2009 graduate of American University, and you can follow Tony Owusu on X @Tonythestreet
Shard198 (laksa)
Root Hash16830918639483046198
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