Toshiba breakup still undecided by investor

Strategic plan: A file picture of a production worker at Toshiba’s factory in Fuji. The company has said that splitting it up into three firms is the best path to enhance shareholder value. ― AFP

TOKYO: Toshiba Corp’s biggest investor Effissimo Capital Management said it has not decided whether to support plans outlined by the Japanese industrial conglomerate to split into three companies.

Toshiba outlined plans to split into three companies in an attempt to appease activist shareholders calling for a radical overhaul of the Japanese conglomerate after years of scandals.