Toshiba consulted at the extraordinary general meeting of shareholders on the 24th about a policy to confirm the intentions of shareholders regarding the policy of splitting the company that was launched to increase corporate value into two, but it did not get the support of the majority. It was rejected.
It is expected that the company's strategy will have to be revised due to opposition from the "shareholders who say things" who are major shareholders.
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 the value of the company. ..
The company held an extraordinary general meeting of shareholders on the 24th, hoping to proceed with the procedure with the support of a majority of shareholders, and consulted a proposal to confirm the intentions of shareholders.
However, even before the general meeting, several shareholders who are major shareholders expressed their opposition one after another, and an external advisory company that advised on the approval or disapproval of the agenda also recommended the opposition. Did not spread, and as a result of the vote, the bill was rejected because it did not reach the majority.
Toshiba states that the resolution of the shareholders' meeting is not legally binding.
However, this unusual policy not only increased corporate value, but also resolved the conflict with shareholders who have been talking about things for the past few years, and ended the management turmoil. As a result, Toshiba is expected to be forced to revise its strategy.