The chart that worried Toshiba’s shareholders

To have one of your leading shareholders demand an extraordinary general meeting is unfortunate – two looks like a pattern. Japanese corporate giant Toshiba is facing a messy situation.

Jump To

Received wisdom has it that corporate Japan is changing. The days of trophy acquisitions for status rather than shareholder value are behind us, we are told. Today’s corporate titans listen to shareholders, divest non-core assets and focus on their core strengths.

Broadly, that has been the direction of recent years, as illustrated by Olympus, Fujitsu, Takeda Pharmaceuticals and more broadly by Japan’s corporate governance code. Until recently, Toshiba, troubled but rebuilding, was thought to be part of that welcome new direction.

Thanks for your interest in Euromoney!
To unlock this article: