Toshiba Corporation was delisted on Wednesday (December 20) after 74 years on the Tokyo exchange as one of Japan’s biggest brands of electronic goods.
The company became a private entity in a US$14 billion (483 billion baht) takeover by a consortium of investors led by the private equity firm Japan Industrial Partners (JIP).
JIP also has financial services firm Orix, utility Chubu Electric Power and chipmaker Rohm under its belt.
The delisting of Toshiba Corporation is seen by many as the “end of an era”. Though it is still not clear what shape Toshiba will ultimately take under its new owners, chief executive Taro Shimada, who will stay in his role after the buyout, is expected to focus on high-margin digital services.
Toshiba traces its roots back to a factory set up in 1875, less than a decade after the end of 250 years of Japanese cultural and economic isolation. Then…
