https://english.kyodonews.net/news/2023/10/5e4f364913d7-toshiba-to-delist-in-japan-on-dec-20-after-74-years-of-history.html KYODO NEWS * ENGLISH * Jian Ti Zhong Wen * Fan Ti Zhong Wen * Ri Ben Yu * Latest * Japan * G7 * Travel/Tourism * World * Sports * Feature * Arts * Coronavirus * Olympics * Paralympics * About us Toshiba to delist in Japan on Dec. 20 after 74 years of history KYODO NEWS KYODO NEWS - 13 hours ago - 16:23 | All, Japan [thumbnail] * * * * * * Japanese conglomerate Toshiba Corp. said Thursday it will be delisted from the Tokyo Stock Exchange on Dec. 20, ending its 74-year-long history as a public company, as it seeks to rebuild itself following a takeover bid. Last month, a 2 trillion yen ($13 billion) takeover bid for Toshiba by a consortium led by Japan Industrial Partners Inc. ended in success. Toshiba also said it will convene an extraordinary shareholders' meeting on Nov. 22 in Tokyo to discuss share consolidation and other agendas in a bid to squeeze out remaining shareholders. The JIP-led group, which consists of companies such as financial firm Orix Corp. and semiconductor company Rohm Co., has acquired a 78.65 percent stake in Toshiba through the tender offer. The bid was intended to allow Toshiba to sever ties with overseas activist shareholders, who it says were only seeking short-term returns. Toshiba, one of Japan's leading companies, was founded in 1875. It started as an electric appliance maker and gradually branched out into new business sectors such as infrastructure and renewable energy. Toshiba has been struggling to recover from a spate of problems that occurred in the 2010s, including a scandal related to overstating its profits in financial filings. It also incurred massive losses in its U.S. nuclear business during the same period. --------------------------------------------------------------------- Related coverage: 2 tril. yen Toshiba takeover bid succeeds, Japan investor group says JIP-led 2 tril. yen Toshiba buyout begins in bid to turn it around --------------------------------------------------------------------- Oct 12, 2023 | KYODO NEWS * * * * * * [INS::INS] [INS::INS] [INS::INS] Popular Japan lawmaker who made unannounced Russia trip removed from party Oct 10, 2023 | KYODO NEWS Japan disallowing same-sex marriage in unconstitutional state: court Nov 30, 2022 | KYODO NEWS Car hits pedestrians near Tokyo's iconic Shibuya scramble crossing Oct 7, 2023 | KYODO NEWS Japan payments clearing system glitch impacts 1.4 mil. transactions Oct 10, 2023 | KYODO NEWS Japan to postpone plan to extend Hokkaido Shinkansen Line by 2031 Oct 7, 2023 | KYODO NEWS The First Slam Dunk More from Japan Kyodo News Digest: Oct. 12, 2023 Kyodo News Digest: Oct. 12, 2023 Oct 12, 2023 | KYODO NEWS Japan court says requiring surgery for gender switch unconstitutional Japan court says requiring surgery for gender switch unconstitutional Oct 12, 2023 | KYODO NEWS Few commercial flying taxis likely to be ready for 2025 World Expo Few commercial flying taxis likely to be ready for 2025 World Expo Oct 12, 2023 | KYODO NEWS Toyota, Idemitsu tie up in mass production of advanced EV batteries Toyota, Idemitsu tie up in mass production of advanced EV batteries Oct 12, 2023 | KYODO NEWS Japan decides to seek court order to dissolve Unification Church Japan decides to seek court order to dissolve Unification Church Oct 12, 2023 | KYODO NEWS Toshiba to delist in Japan on Dec. 20 after 74 years of history Toshiba to delist in Japan on Dec. 20 after 74 years of history Oct 12, 2023 | KYODO NEWS Transport ministry to penalize used car dealer Bigmotor over fraud Transport ministry to penalize used car dealer Bigmotor over fraud Oct 12, 2023 | KYODO NEWS Japan payments clearing network restored after 2-day disruption Japan payments clearing network restored after 2-day disruption Oct 12, 2023 | KYODO NEWS Kyodo News Digest: Oct. 12, 2023 KYODO NEWS KYODO NEWS - 7 hours ago - 23:00 | All, World, Japan * * * * About Us * Privacy Policy * Cookie Policy * Copyright * Links * Contact (c) Kyodo News. Subscribe x Subscribe to get daily news To have the latest news and stories delivered to your inbox, subscribe here. Simply enter your email address below and an email will be sent through which to complete your subscription. [ ] Subscribe * Something went wrong Subscribe x Thank you. Please check your inbox for a confirmation email. Follow us * * * Contact Us x If you wish to change your message, press 'Cancel' to go back and edit. Subject Name Email Message Cancel Send Contact Us x Thank you for reaching out to us. We will get back to you as soon as possible.