Embattled Japanese technology conglomerate
Toshiba said it is restructuring to improve
its competitiveness, spinning off its energy
infrastructure and computer devices businesses.
The energy infrastructure spinoff will include
Tokyo-based Toshiba Corp.’s nuclear power
operations, including the decommissioning
efforts at the nuclear plant in Fukushima that
suffered meltdowns after an earthquake and
tsunami in March 2011.
The energy business will also include the
company’s sustainable energy and battery
businesses. Its annual sales total about 2 trillion
yen ($18 billion).
The other spinoff and stand-alone company
encompasses Toshiba’s computer devices and
storage operations, with annual sales of 870 billion
yen ($7.6 billion).