ℹ️ Skipped - page is already crawled
| Filter | Status | Condition | Details |
|---|---|---|---|
| HTTP status | PASS | download_http_code = 200 | HTTP 200 |
| Age cutoff | PASS | download_stamp > now() - 6 MONTH | 0.2 months ago |
| History drop | PASS | isNull(history_drop_reason) | No drop reason |
| Spam/ban | PASS | fh_dont_index != 1 AND ml_spam_score = 0 | ml_spam_score=0 |
| Canonical | PASS | meta_canonical IS NULL OR = '' OR = src_unparsed | Not set |
| Property | Value |
|---|---|
| URL | https://www.thestreet.com/investing/toshiba-to-split-into-three-companies |
| Last Crawled | 2026-04-08 18:57:21 (7 days ago) |
| First Indexed | 2021-11-12 13:43:08 (4 years ago) |
| HTTP Status Code | 200 |
| Meta Title | Toshiba to Break Up Into Three Separate Companies - TheStreet |
| Meta Description | 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. |
| Meta Canonical | null |
| Boilerpipe Text | Japanese electronics maker ToshibaÂ
(
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.Â
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.Â
“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.Â
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.Â
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.Â
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.Â
There have been a slew of company split-up announcements in recent days, with
General ElectricÂ
(
GE
) Â and
Johnson & JohnsonÂ
(
JNJ
) Â both announcing plans to spin off their business segments.Â
Related:Â
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 |
| Markdown | [Skip to main content](https://www.thestreet.com/investing/toshiba-to-split-into-three-companies#main-content)
Newsletter
Sign in
[](https://www.thestreet.com/)
[](https://www.thestreet.com/)
- [Tech](https://www.thestreet.com/technology)
- [Retail](https://www.thestreet.com/retail)
Retail
[All Retail](https://www.thestreet.com/retail)[Travel](https://www.thestreet.com/travel)[Restaurants](https://www.thestreet.com/restaurants)[Automotive](https://www.thestreet.com/automotive)
[View post: New federal law could force thousands of stores to close](https://www.thestreet.com/retail/new-federal-law-could-force-thousands-of-stores-to-close-thc-hemp)
[New federal law could force thousands of stores to close](https://www.thestreet.com/retail/new-federal-law-could-force-thousands-of-stores-to-close-thc-hemp)
Read More
[View post: Target quietly launches cult-favorite brand to lure back customers](https://www.thestreet.com/retail/target-quietly-launches-cult-favorite-brand-to-lure-back-customers) 
[Target quietly launches cult-favorite brand to lure back customers](https://www.thestreet.com/retail/target-quietly-launches-cult-favorite-brand-to-lure-back-customers)
Read More
[View post: Bank of America identifies loudest K-shaped economic signal yet](https://www.thestreet.com/retail/bank-of-america-identifies-the-loudest-k-shaped-economic-signal-yet)
[Bank of America identifies loudest K-shaped economic signal yet](https://www.thestreet.com/retail/bank-of-america-identifies-the-loudest-k-shaped-economic-signal-yet)
Read More
- [Investing](https://www.thestreet.com/investing)
Investing
[All Investing](https://www.thestreet.com/investing)[ETFs](https://www.thestreet.com/investing/etfs)[Stocks](https://www.thestreet.com/investing/stocks)[Earnings](https://www.thestreet.com/investing/earnings)[Mutual Funds](https://www.thestreet.com/tag/mutual-funds)
[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)
[Morgan Stanley delivers blunt message to Tesla stock investors](https://www.thestreet.com/investing/stocks/morgan-stanley-delivers-blunt-message-to-tesla-stock-investors)
Read More
[View post: Moody’s and S\&P endorsed a freight merger built on a \$5 billion bet](https://www.thestreet.com/investing/stocks/moodys-and-sp-endorsed-a-freight-merger-built-on-a-5-billion-bet)
[Moody’s and S\&P endorsed a freight merger built on a \$5 billion bet](https://www.thestreet.com/investing/stocks/moodys-and-sp-endorsed-a-freight-merger-built-on-a-5-billion-bet)
Read More
[View post: Waymo ride quietly arrives in a new key U.S. city](https://www.thestreet.com/automotive/waymo-ride-quietly-arrives-in-a-new-key-us-city-nashville)
[Waymo ride quietly arrives in a new key U.S. city](https://www.thestreet.com/automotive/waymo-ride-quietly-arrives-in-a-new-key-us-city-nashville)
Read More
- [Markets](https://www.thestreet.com/markets)
- [Economy](https://www.thestreet.com/economy)
Economy
[All Economy](https://www.thestreet.com/economy)[Bankruptcy](https://www.thestreet.com/tag/bankruptcy)[Employment](https://www.thestreet.com/employment)[The FED](https://www.thestreet.com/fed)
[View post: Trump’s Iran speech puts drivers on edge](https://www.thestreet.com/economy/trumps-iran-speech-puts-drivers-on-edge)
[Trump’s Iran speech puts drivers on edge](https://www.thestreet.com/economy/trumps-iran-speech-puts-drivers-on-edge)
Read More
[View post: Bank of America identifies loudest K-shaped economic signal yet](https://www.thestreet.com/retail/bank-of-america-identifies-the-loudest-k-shaped-economic-signal-yet)
[Bank of America identifies loudest K-shaped economic signal yet](https://www.thestreet.com/retail/bank-of-america-identifies-the-loudest-k-shaped-economic-signal-yet)
Read More
[View post: Giant stock rally erupts as Trump offers reprieve to Iran](https://www.thestreet.com/economy/giant-stock-rally-erupts-as-trump-offers-reprieve-to-iran)
[Giant stock rally erupts as Trump offers reprieve to Iran](https://www.thestreet.com/economy/giant-stock-rally-erupts-as-trump-offers-reprieve-to-iran)
Read More
- [Personal Finance](https://www.thestreet.com/personal-finance)
Personal Finance
[All Personal Finance](https://www.thestreet.com/personal-finance)[Real Estate](https://www.thestreet.com/real-estate)[Taxes](https://www.thestreet.com/taxes)[Retirement](https://www.thestreet.com/retirement)
[View post: Capital One warns small business owners are solving the wrong problem](https://www.thestreet.com/personal-finance/capital-one-warns-small-business-owners-are-solving-the-wrong-problem)
[Capital One warns small business owners are solving the wrong problem](https://www.thestreet.com/personal-finance/capital-one-warns-small-business-owners-are-solving-the-wrong-problem)
Read More
[View post: Strategies for claiming Social Security as a couple](https://www.thestreet.com/personal-finance/strategies-for-claiming-social-security-as-a-couple)
[Strategies for claiming Social Security as a couple](https://www.thestreet.com/personal-finance/strategies-for-claiming-social-security-as-a-couple)
Read More
[View post: BlackRock uncovered a flaw in retirement plans](https://www.thestreet.com/personal-finance/blackrock-uncovered-a-flaw-in-retirement-plans)
[BlackRock uncovered a flaw in retirement plans](https://www.thestreet.com/personal-finance/blackrock-uncovered-a-flaw-in-retirement-plans)
Read More
- [Crypto](https://www.thestreet.com/crypto/)
- [Pro](https://pro.thestreet.com/?utm_source=thestreet&utm_medium=website&utm_campaign=pro&utm_content=site_top_navigation)
- More
More
[Latest Business & Market News](https://www.thestreet.com/latest-news)[Entertainment](https://www.thestreet.com/entertainment)[Health & Wellness](https://www.thestreet.com/health)[Personalities](https://www.thestreet.com/personalities)[Latest Deals](https://www.thestreet.com/deals)[Video](https://www.thestreet.com/video)[Whitepapers](https://subscriptions.thestreet.com/whitepapers)
[View post: Macy’s makes a major bet it will win where Saks failed](https://www.thestreet.com/retail/macys-makes-controversial-bet-to-save-company)
[Macy’s makes a major bet it will win where Saks failed](https://www.thestreet.com/retail/macys-makes-controversial-bet-to-save-company)
Read More
[View post: Kohl’s CEO tells customers major revamp is on the way](https://www.thestreet.com/retail/kohls-ceo-tells-customers-major-revamp-is-on-the-way)
[Kohl’s CEO tells customers major revamp is on the way](https://www.thestreet.com/retail/kohls-ceo-tells-customers-major-revamp-is-on-the-way)
Read More
[View post: Block stock explodes after Jack Dorsey makes a radical bet](https://www.thestreet.com/investing/stocks/block-stock-explodes-after-jack-dorsey-makes-a-radical-bet)
[Block stock explodes after Jack Dorsey makes a radical bet](https://www.thestreet.com/investing/stocks/block-stock-explodes-after-jack-dorsey-makes-a-radical-bet)
Read More
Newsletter
Sign in
1. [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

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)
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)
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)
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)
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)
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)
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)
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

## [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/)
***
- [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)
- [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)
- [Industries & Companies](https://www.thestreet.com/markets)
Industries & Companies
- [Biotechnology](https://www.thestreet.com/tag/biotechnology)
- [Casinos](https://www.thestreet.com/tag/casinos)
- [Cybersecurity](https://www.thestreet.com/tag/cybersecurity)
- [Electric Vehicles](https://www.thestreet.com/tag/electric-vehicles)
- [Mergers & Acquisitions](https://www.thestreet.com/tag/mergers-and-acquisitions)
- [Media](https://www.thestreet.com/tag/media)
- [Social Media](https://www.thestreet.com/tag/social-media)
- [Social Security](https://www.thestreet.com/tag/social-security)
- [Streaming](https://www.thestreet.com/tag/streaming)
- [Video Games](https://www.thestreet.com/tag/video-games)
- [Biotechnology](https://www.thestreet.com/tag/biotechnology)
- [Casinos](https://www.thestreet.com/tag/casinos)
- [Cybersecurity](https://www.thestreet.com/tag/cybersecurity)
- [Electric Vehicles](https://www.thestreet.com/tag/electric-vehicles)
- [Mergers & Acquisitions](https://www.thestreet.com/tag/mergers-and-acquisitions)
- [Media](https://www.thestreet.com/tag/media)
- [Social Media](https://www.thestreet.com/tag/social-media)
- [Social Security](https://www.thestreet.com/tag/social-security)
- [Streaming](https://www.thestreet.com/tag/streaming)
- [Video Games](https://www.thestreet.com/tag/video-games)
- [Lifestyle](https://www.thestreet.com/entertainment)
Lifestyle
- [Cruise Lines & News](https://www.thestreet.com/tag/cruise-lines)
- [Food & Drink](https://www.thestreet.com/tag/food-drink)
- [Jim Cramer](https://www.thestreet.com/tag/jim-cramer)
- [Net Worth](https://www.thestreet.com/tag/net-worth)
- [Sports](https://www.thestreet.com/tag/sports-business)
- [Cruise Lines & News](https://www.thestreet.com/tag/cruise-lines)
- [Food & Drink](https://www.thestreet.com/tag/food-drink)
- [Jim Cramer](https://www.thestreet.com/tag/jim-cramer)
- [Net Worth](https://www.thestreet.com/tag/net-worth)
- [Sports](https://www.thestreet.com/tag/sports-business)
- [Resources](https://www.thestreet.com/faq)
Resources
- [Dictionary](https://www.thestreet.com/dictionary)
- [FAQ](https://www.thestreet.com/faq)
- [Newsletters](https://www.thestreet.com/newsletters)
- [Whitepapers](https://subscriptions.thestreet.com/whitepapers)
- [Dictionary](https://www.thestreet.com/dictionary)
- [FAQ](https://www.thestreet.com/faq)
- [Newsletters](https://www.thestreet.com/newsletters)
- [Whitepapers](https://subscriptions.thestreet.com/whitepapers)
- [Premium Products](https://pro.thestreet.com/)
Premium Products
- [The Street Pro Login](https://www.thestreet.com/login)
- [Subscribe TSTPro](https://lp.thestreetpro.com/thestreet-pro-q1-sale/?utm_source=thestreet&utm_medium=website-display&utm_campaign=pro&utm_content=site_bottom_footer)
- [Portfolio (AAP)](https://pro.thestreet.com/portfolio)
- [Latest (All Real Money Pro Authors)](https://pro.thestreet.com/authors)
- [Doug's Daily Diary](https://pro.thestreet.com/dougs-daily-diary)
- [Pro Column: Top Stocks](https://pro.thestreet.com/tag/top-stocks)
- [Pro Column: Stocks Under \$10](https://pro.thestreet.com/tag/stocks-under-10)
- [What's New](https://subscriptions.thestreet.com/thestreet-pro-new)
- [The Street Pro Login](https://www.thestreet.com/login)
- [Subscribe TSTPro](https://lp.thestreetpro.com/thestreet-pro-q1-sale/?utm_source=thestreet&utm_medium=website-display&utm_campaign=pro&utm_content=site_bottom_footer)
- [Portfolio (AAP)](https://pro.thestreet.com/portfolio)
- [Latest (All Real Money Pro Authors)](https://pro.thestreet.com/authors)
- [Doug's Daily Diary](https://pro.thestreet.com/dougs-daily-diary)
- [Pro Column: Top Stocks](https://pro.thestreet.com/tag/top-stocks)
- [Pro Column: Stocks Under \$10](https://pro.thestreet.com/tag/stocks-under-10)
- [What's New](https://subscriptions.thestreet.com/thestreet-pro-new)
***
- [Sitemap](https://www.thestreet.com/sitemap)
- [Terms of Use](https://thearenagroup.net/terms-of-use/)
- [Privacy Policy](https://thearenagroup.net/privacy-policy/)
- [Advertise](https://thearenagroup.net/)
- [Market Holidays](https://www.thestreet.com/investing/stock-market-holidays)
- [Customer Service](https://www.thestreet.com/my-account#contact)
- [Topic Dictionary](https://www.thestreet.com/dictionary)
- [Subscriptions](https://subscriptions.thestreet.com/holiday-bogo-2025?placement=legal_footer)
- [Press Releases](https://prconnect.thestreet.com/)
- [Licensing Request](https://info.wrightsmedia.com/the-arena-group-licensing)
- [Editorial Policy](https://www.thestreet.com/editorial-policy)
- [About Us](https://www.thestreet.com/about-us)
- [Affiliate Disclosure](https://www.thestreet.com/affiliate-disclosure)
© 2026. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. |
| 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

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 |
| Shard | 198 (laksa) |
| Root Hash | 16830918639483046198 |
| Unparsed URL | com,thestreet!www,/investing/toshiba-to-split-into-three-companies s443 |