Toshiba PC Business Not Affected By Company's Restructuring
Toshiba plans to keep its personal computer business for the time being, the company's president said Thursday, in a shift from the initial plan to integrate it with other partners. After a broad restructuring triggered by its accounting scandal last year, Toshiba will keep the PC unit now that the company is expected to emerge from losses.
"We've been boosting productivity and would like to rehabilitate it by ourselves," Satoshi Tsunakawa, who assumed his post Wednesday, said in an interview with Japanese media outlets.
Toshiba's PC business is now shifting more of its focus to corporate customers from individuals, Tsunakawa added.
Toshiba had weighed the option of integrating the unit with those of competitors Vaio, a spinoff from Sony, and Fujitsu, but talks apparently broke down.
A day after stepping into his new role, Toshiba President has cautioned that the company is still recovering from a bruising accounting scandal and faces a lengthy turnaround process.
"We are not even at the halfway point yet," Tsunakawa said. 'We are still at the mountain?s foothills."
Tsunakawa said his immediate goals were to improve Toshiba?s finances, win back shareholder trust and get the company off a Tokyo Stock Exchange list of securities under supervision. He aims to increase its shareholder-equity ratio from about 6.1 percent now to more than 10 percent by fiscal 2018.
Toshiba is predicting a return to profit this fiscal year after narrowing the scope of its businesses. The Tokyo-based company agreed to sell its medical unit to Canon and home-appliance division to China?s Midea Group Co.