Toshiba told Agence France-Presse the option of splitting its business up was under consideration, but said nothing had been decided yet. The Nikkei, which did not cite sources, said the move could be announced on Friday, when Toshiba reports earnings and unveils a new mid-term business plan. The Nikkei report said that splitting up conglomerates had been a successful strategy for some firms in the US, including Hewlett-Packard Co. However, for others, such as chemical giant DuPont Co, which separated into three firms under shareholder pressure, overall market capitalization is now lower, the business daily said. The move is relatively rare in Japan, and Toshiba would be the first major conglomerate to split into completely independent listed companies, the Nikkei said.

Source: Taipei Times November 09, 2021 19:01 UTC