Toshiba, which has announced a policy of splitting the company into two, will hold an extraordinary general meeting of shareholders on the 24th to discuss a proposal to confirm the intentions of shareholders.
The company wants to proceed with the procedure with the support of a majority, but the situation is severe as so-called shareholders have expressed opposition.
Toshiba's extraordinary general meeting of shareholders is being held at a facility in Tokyo from 10 am on the 24th.
Toshiba has announced a policy of splitting the company into two by separating the semiconductor business and selling three subsidiaries such as air conditioners and elevators to return about 300 billion yen to shareholders in order to increase corporate value. ..
At the general meeting, a proposal to confirm the intentions of shareholders regarding this policy was consulted, and former president Satoshi Tsunakawa, who summarized the policy, said, "After considering all options for the company, we think that this plan is the best. "And appealed for support.
The company wants to get the support of the majority from the shareholders and proceed with the procedure for the split of the company, but the so-called mono-shareholders who are the major shareholders have already expressed opposition, and it is difficult to get the support of the majority. It is the situation.
Toshiba says the decision is not legally binding, but depending on the outcome, it may be necessary to revise the strategy from scratch, and management is likely to prolong the turmoil.