The management line-ups and names for the
spinoffs will be announced later, according to
Toshiba. It said adjustments to its operations and
workforce were still undecided.
Toshiba issued a statement promising to beef up
its corporate governance. An investigation by a
governance group found no illegalities, but some
managers engaged in dubious practices related to
blocking the views of some shareholders.
Toshiba has periodically run into governance
problems, including a scandal in 2015 over
accounting books that were doctored for years to
inflate earnings.
Since then, the company has eliminated
thousands of jobs and sold off chunks of its
sprawling business.
Toshiba reported a 41.8 billion yen ($367 million)
profit for July-September, more than double the
14.8 billion yen profit a year earlier.
Officials said the better results reflected
restructuring efforts and improved sales.
Quarterly sales rose 6% on year to 818.5 billion
yen ($7.2 billion).
Toshiba forecast a 130 billion yen ($1.1 billion)
profit for the fiscal year through March 2022,
raising its earlier projection by 20 billion yen ($175
million), and up from 114 billion yen in profit
posted a year earlier.