Toshiba, a major electronics manufacturer, has announced that it will strengthen dialogue with shareholders by establishing a new committee made up of outside directors in order to improve relations with investment funds of major shareholders who are still in conflict. ..
Toshiba, whose president was replaced last month, announced a new management policy in line with the announcement of financial results on the 14th.
As a result, we will establish a new "Strategy Committee" made up of outside directors and strengthen dialogue with shareholders.
Toshiba's management is trying to improve the relationship through dialogue as it continues to be in conflict with major shareholders such as Singapore's investment fund "Effissimo Capital Management", which is the largest shareholder known as the so-called "shareholder who says things". I will.
At a press conference, President Satoshi Tsunakawa said, "By establishing a committee, I would like to talk with shareholders in earnest and improve communication."
On the other hand, Toshiba announced on the 14th that the financial results of the entire group for the year ending March were 104.4 billion yen, a 20% decrease in operating income, which indicates the profit of the main business.
Due to the influence of the new coronavirus, overseas factories were temporarily unable to operate, and sales of hard disk drives for storage devices decreased.
The outlook for the year ending March next year is that operating income will increase by more than 62%, assuming that the impact of the new Corona will be reduced.