Latest news: Toshiba Corporation of Japan held an extraordinary shareholder meeting and passed a privatization proposal, announcing its delisting from the Tokyo Stock Exchange on December 20th.

Starting from August this year, a consortium led by Japan's domestic fund "Japan Industry Partnership" (JIP) officially launched a tender offer to Toshiba for a total amount of approximately 2 trillion yen (149 yen). Toshiba's official website has released a document stating that the JIP consortium will acquire the remaining shares from ordinary shareholders and acquire Toshiba as a wholly-owned subsidiary.

Toshiba will be delisted within the year, and its status as a 74 year listed company will be terminated. Its shareholders will be unified into a JIP consortium consisting of over 20 Japanese companies.

Toshiba President Taro Shimada pointed out at the shareholders' meeting that "Toshiba once became popular around the world with amazing technology" and emphasized the hope of having a stable shareholder system through being included in domestic alliances such as JIP, so that innovative technology can once again shine in the world.

Toshiba Corporation was founded in 1875 and was once a symbol of the strength of Japan's technology manufacturing industry. Along with Sharp and Panasonic, it is listed as one of Japan's "three giants in white electricity" and has a huge influence in fields such as home appliances, electrical, energy, and infrastructure.

In 2015, Toshiba fell into a financial crisis after being exposed for accounting fraud scandals, and was in a state of long-term management chaos and operational difficulties. During this period, Toshiba has repeatedly reported merger and restructuring plans, all of which have failed. Some analysts say that Toshiba's restructuring plan is difficult to determine, which is related to Toshiba's sensitive technology and Japan's careful selection of investors.