On 12 November 2021, Toshiba announced that it would split into three separate companies. Two of the companies will respectively focus on infrastructure and electronic devices; the third, which will retain the Toshiba name, would manage the 40.6% stake in Kioxia and all other remaining assets. The company expected to complete the plan by March 2024 but the plan was challenged by stockholders, and at an extraordinary general meeting on 24 March 2022, they rejected the plan. They also rejected an alternative plan put forward by a large institutional investor that would have had the company search for buyers among private equity firms. Toshiba announced in February 2022 that it plans to split into two companies instead after the original proposal proved unpopular with shareholders.
On 12 November 2021 Toshiba announced that it would split into three separate companies Two of the companies will respectively focus on infrastructure and electronic devices; the third which will retain the Toshiba name would manage the 406% stake in Kioxia and all other remaining assets The company expected to complete the plan by March 2024 but the plan was challenged by stockholders and at an extraordinary general meeting on 24 March 2022 they rejected the plan They also rejected an alternative plan put forward by a large institutional investor that would have had the company search for buyers among private equity firms Toshiba announced in February 2022 that it plans to split into two companies instead after the original proposal proved unpopular with shareholders