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Toshiba in turmoil

Toshiba to split into 3 companies by 2023

New entities to list separately to maximize shareholder returns and profit

Toshiba plans to split itself into three companies to enhance shareholder value and profits.

TOKYO -- Toshiba is set to divide itself into three companies to focus on infrastructure, devices, and semiconductor memory as early as 2023, Nikkei has learned.

All three are expected to be listed, possibly in around two years. The move is part of Toshiba's strategy to strengthen shareholder value by creating independent companies that have different profit structures and growth strategies.

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