A significant chapter in the history of the Japanese tech industry has come to an end with Toshiba’s official delisting, after 74 years as a mainstay and recognizable face on the Tokyo Stock Exchange (TSE). Tokyo Shibaura Electric Company was the name under which Toshiba was first established in 1875. 2015 saw Toshiba rocked by a huge accounting scandal involving overstated profits, which resulted in steep fines and high-ranking resignations. They highlight JIP’s proficiency in revitalizing faltering businesses and its dedication to investing in Toshiba’s future. Whether this tech behemoth can regain its footing and add a new chapter to its amazing tale remains to be seen.

Source: The Guardian December 20, 2023 23:05 UTC