Toshiba to be delisted from Nikkei confirmed
Haebom
Toshiba, the world’s third-largest hard disk manufacturer and Japan’s 80th largest company by market cap, has officially decided to delist. With a market cap of $14.34B—about 18 to 19 trillion won—this is on par with what it would mean if a company like LG Electronics delisted in Korea.
Why are they delisting? The reason is quite interesting. "With many shareholders trading stocks for short-term gains, it’s gotten hard to anticipate changes in the company’s value, making it difficult to plan and strategize for the mid to long term. That’s why they’re choosing to switch to a private form with less volatility, so they can focus on solid, sustainable management."
Actually, this isn’t something new. Toshiba already faced tough times after the accounting scandal in 2015, along with ongoing struggles from poor performance and unresolved voting rights issues. The process of delisting started earlier this year, and it’s now confirmed for December 20. From now on, JIP (Japan Industrial Partners Inc.) will take full control and manage Toshiba going forward.
Toshiba was the company that developed the world’s first portable hard disk and notebook computer and enjoyed a strong presence in the HDD and early memory markets. I hope this delisting won’t be a sign of business decline, but rather a period for regrouping and preparing for a new leap forward. Personally, I find this to be a remarkably sound decision—and quite impressive.
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haebom@kakao.com
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I post articles related to IT 💻, economy 💰, and humanities 🎭.
If you are curious about my thoughts, perspectives or interests, please subscribe.
haebom@kakao.com