Business

Toshiba says strategic review will help identify non-core businesses

Toshiba Corp's board said on Friday a strategic review would facilitate the identification of non-core businesses as the scandal-hit Japanese conglomerate looks to ease shareholders concerns over governance.

FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki
FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon
(Updated: )

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TOKYO: Toshiba Corp's board said on Friday a strategic review would facilitate the identification of non-core businesses as the scandal-hit Japanese conglomerate looks to ease shareholders concerns over governance.

The initial focus of the review "has been on a full review of Toshiba's businesses, including competitive position, financial performance, capital needs and potential to achieve improved shareholder returns which, when complete, will facilitate the identification of core and non-core businesses," the statement said.

(Reporting by Makiko Yamazaki; editing by Jason Neely)

Source: Reuters