Toshiba's breakup marks first split by major Japanese company

Conglomerate aims to improve competitiveness of key units

20211112 Toshiba

Toshiba's planned reorganization will see it unbundle its sprawling businesses and make it easier for shareholders to understand each operation. (Photo by Yo Inoue) 

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Toshiba announced on Friday a plan to split itself into three public companies, in a move aimed at sharpening the focus and improving the profitability of key business units.

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