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TOSHIBA CORPORATION

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Toshiba to separate into 3 companies

11/12/2021 | 01:16pm EDT

Toshiba Corp. has announced its intention to separate into three standalone companies, according to a press release. They include:

  • Infrastructure Service Co., consisting of Toshiba's energy systems and solutions, infrastructure systems and solutions, building solutions, digital solutions and battery businesses.
  • Device Co., comprising Toshiba's electronic devices and storage solutions business. Products will include power semiconductors, optical semiconductors, analog integrated circuits, high-capacity hard disk drives for data centers and semiconductor manufacturing equipment.
  • Toshiba, holding its shares in Kioxia Holdings Corp. and Toshiba Tec Corp.

The separation will create two distinctive companies with unique business characteristics leading their respective industries in realizing carbon neutrality and infrastructure resilience (Infrastructure Service Co.), and supporting the evolution of social and IT infrastructure (Device Co.).

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Stocks mentioned in the article
ChangeLast1st jan.
TOSHIBA CORPORATION 0.32% 5605 Delayed Quote.18.12%
TOSHIBA TEC CORPORATION -1.51% 3905 Delayed Quote.-15.73%
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Analyst Recommendations on TOSHIBA CORPORATION
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Financials
Sales 2022 3 347 B 26 198 M 26 198 M
Net income 2022 147 B 1 149 M 1 149 M
Net Debt 2022 236 B 1 848 M 1 848 M
P/E ratio 2022 16,7x
Yield 2022 3,40%
Capitalization 2 425 B 18 983 M 18 983 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,79x
Nbr of Employees 117 300
Free-Float 90,4%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 5 605,00 JPY
Average target price 5 180,63 JPY
Spread / Average Target -7,57%
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Managers and Directors
Taro Shimada President & Chief Executive Officer
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
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