Toshiba's reforms remain unfinished business 1 year after going private

Conglomerate turns profit across all segments, but structural challenges persist

Toshiba has adopted the strategy of generating stable revenues from installing and updating energy and other infrastructure. (Toshiba)

AYA ONISHI, Nikkei staff writer

December 21, 2024 05:41 JST

TOKYO -- In the year since Toshiba went private, the Japanese conglomerate has succeeded at improving profitability across the board, though it still faces the challenge of eliminating the organizational divisions that have prevented synergies between businesses.

Friday marked one year to the date since Toshiba delisted from the Tokyo Stock Exchange following the successful tender offer led by the investment fund Japan Industrial Partners (JIP).