Toshiba to hold shareholder meeting as activist pressure mounts

Japanese conglomerate braces for tough questions from overseas investors

20210115 Toshiba shareholders meeting

Toshiba is being confronted by activist investors who demand answers to current management policy. © Reuters

Nikkei staff writers

TOKYO -- Toshiba announced on Friday that it has set Feb. 1 as the reference date for an extraordinary general shareholders meeting requested by major shareholders.

The company said the exact date of the meeting is undecided but that it should be held within three months from Feb. 1. According to sources, the meeting is expected to take place in March, while Toshiba said the date will be announced immediately after it has been decided.

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