Hey guys!I'm Uncle Wen.
Today we are talking about an old boss in the field of home appliances - Toshiba Group. That's right, the household name that invented the first incandescent lamp and created the world's first laptop.
However, today is not to praise how amazing they are, but because they have just announced their official delisting!
100 help plan
Hey, to be honest, I'm a little emotional.
First of all, let's popularize the history of Toshiba. Founded in 1875 as the Industrial Manufacturing Institute of Hisashige Tanaka and the Shirahotsha founded by Ichisuke Fujioka and Shoichi Miyoshi. In 1939, the two companies merged into one and became the famous "Toshiba".
Toshiba was a pioneer in manufacturing, inventing countless things, such as the first incandescent lamp, electric fan, hydro-generator, electric refrigerator and washing machine, and the world's first laptop, the T1100. This laid the foundation for the laptop market, and Toshiba held the top spot in the PC field for nearly a decade.
Unfortunately, Toshiba's peak came to an abrupt end, and everything started in the nuclear power business. In 2006, they bought Westinghouse's nuclear power business for a whopping $5.4 billion. As a result, orders for the Fukushima nuclear power plant leak have plummeted, and the construction of nuclear power plants around the world has been put on hold. As a result, Toshiba's business began to decline.
In order to cover up the black hole of the nuclear power business, Toshiba actually played financial fraud for eight years. The scandal that broke out in 2015 showed that they had falsely reported a profit of 156.2 billion yen!At the same time, the company acquired the nuclear power business of another U.S. company through Westinghouse, and the subsidiary went bankrupt in 2017, leaving Toshiba insolvent.
Seeing that such a former manufacturing giant fell into the abyss, Toshiba had no choice but to sell and sell. The medical device business was sold to Canon, the laptop business was sold to Sharp, the white goods were taken over by Midea Group, and the black electricity business was also bought by Hisense. In the end, they only announced their withdrawal from the market.
As a business consultant, I think Toshiba's delisting is a big deal for business and the economy. Take a look at the following:
First of all, it is crucial to understand why Toshiba is delisting. Is it an internal management problem?Is it a financial crisis?Is the market too competitive?In short, figure out these questions to know what the problem is.
Secondly, we have to study Toshiba's financial situation to see if they are already financially strapped and need to retreat. If the money is not enough, no matter how good the company is, it will not be able to hold on.
Furthermore, let's analyze the competitive environment in the market to see if Toshiba is still competitive in this market. After all, the market is changing, and no one can say which company will rise and which will fall.
Delisting can have a significant impact on shareholders and investors, with stock prices likely to falter and liquidity to decline. Business advisors are available to help them minimize these impacts.
Finally, it is suggested that if Toshiba wants to survive after delisting, it must have a strategic plan for the future. Whether it is to realign the business, carry out technological innovation, or reposition the market is all to consider.
Overall, Toshiba's delisting is a big move, and it is a big shock to those of us who love electronics. I hope they can find their place in this changing market and continue to bring us more surprises!
Pay attention to Uncle Wen and practice together to create wealth!