Toshiba Delisted from Tokyo Stock Exchange, Taken Private in $14 Billion Deal

Japan Industrial Partners leads buyout following a decade of scandals and upheaval; new focus expected on high-margin digital services.

Toshiba, a Japanese conglomerate, has been delisted from the Tokyo Stock Exchange after 74 years, marking the end of an era for the electronics giant.
The company was taken private in a $14 billion deal led by Japan Industrial Partners (JIP) and including Orix Corp, Chubu Electric Power Co. Inc., and Rohm Co Ltd.
Toshiba's delisting follows a decade of upheaval and scandal, including accounting malpractices, a bankruptcy of its US unit Westinghouse, and backlash from activist shareholders.
Under the new ownership, Toshiba is expected to focus on high-margin digital services, with some industry insiders suggesting that splitting up Toshiba may be a better option.
The Japanese government will closely monitor the company's transition, as Toshiba employs around 106,000 people and some of its operations are seen as critical to national security.