According to Japan's **20** province, Toshiba Corporation will be delisted from the Tokyo ** exchange on the same day, ending the 74-year history of listing since 1949.
Founded in 1875, Toshiba Corporation was once a symbol of Japan's technology manufacturing industry, known as one of Japan's "Big Three" of white goods, and has a significant influence in the fields of home appliances, electricity, energy, and infrastructure.
However, since 2015, Toshiba has been plagued by accounting fraud scandals and financial crises, and has been in a state of management chaos and operational difficulties. During this period, Toshiba repeatedly reported mergers and acquisitions and restructuring plans, but they were all unsuccessful.
On September 21 this year, Toshiba announced that the Japan Business Alliance had completed a tender offer for the company. Through the delisting, Toshiba will try to solve the current chaotic situation. However, the Nihon Keizai Shimbun noted that Toshiba's future reconstruction is uncertain due to the lack of a unified leadership.
Toshiba's delisting marks the end of an era and raises doubts about its future. But Toshiba's experience is a microcosm of Japanese companies, and it is a reminder that other companies should be wary of financial scandals before they fall into a similar predicament.