November 19, Toshiba announced plans to issue new shares to raise 600 billion yen, and divestment of its nuclear-related company Westinghouse Electric assets.
Prior to November 14, the Chinese Hisense Group to 12.9 billion yen (about 753 million yuan) acquisition of Toshiba TV package business and global brand authorization for 40 years, which is following Sanyo, Sharp sold themselves after the Japanese Appliance companies once again big sale.
Mentioned Toshiba, the Chinese are no stranger to this Japanese home appliance brand was established in 1875 can be described as household names, has been more than 140 years of history in the era of lack of supply of goods, high-quality Toshiba appliances become a lot of Chinese living class Standard.
Now the feast is no longer, this once the home appliance giant has been running into crisis, year after year loss.Chi Toshiba fiscal year 2013 net profit for the third consecutive year of loss, a net loss of 965.7 billion yen.This earnings after two degrees of deferment , And without an accountant's approval increased Toshiba's possibility of delisting by the Tokyo Stock Exchange, Toshiba had to break the arm and survive in a hurry to sell its assets to avoid a delisting crisis.
The strategic direction of a problem, stick to conventions, the road to black, which is a direct cause of Toshiba's serious loss Toshiba business crisis began in 2006 to 54 billion acquisition of the United States Westinghouse Electric, which is higher than the original price nearly 3 times Originally thought that this generous investment, embracing a 'golden knot', you can get the United States advanced nuclear technology, which captured the global nuclear power plant construction market, exclusive market dividend .. Unexpectedly, Japan in 2011 erupted Fukushima nuclear power plant issue, Leading to doubts about the safety of nuclear power plants around the world, the nuclear power station market has shrunk, Westinghouse Electric Company has become a hot potato.
However, with most of Japan's business head a muscle, I do not know flexible, Toshiba is facing a crisis, knowing that in front of thousands of cliffs, but also stubborn stubbornly move forward.
Due to the nuclear power business dragged down by Toshiba in 2015 a loss of 4.4 billion US dollars, the largest loss ever; in 2016, the huge losses of Westinghouse also let Toshiba year goodwill devaluation up to 6.1 billion in size, a direct result of Toshiba 2016 Reimbursement of up to 552.9 billion yen.
To fill a huge hole in the nuclear power sector, Toshiba began to sell its assets and fill the vacancy gap.
Toshiba is just a microcosm of the decline of many Japanese electronics companies. Over the past few decades, in the context of a shortage of local resources, the Japanese electronics companies relied on a highly fragmented industrial system to expand aggressively and accurately, Monopoly of the global electronics market, eventually becoming the overlord of the world electronics market.However, the narrow island nation awareness, the paranoid conservative Japanese electronics companies, missed the Internet era of second pioneering opportunities, but also hesitated when the wave of intelligence hesitate , Is declining.
At that time, Japanese electronics companies Matsushita, Sharp, Sanyo, Fuji, Hitachi, Sony and so on, one by one like a wolf tiger, iron hooves swept the global market, now like a frost eggplant, Sold to a few easy to its owner; Fuji difficult transition, tears out of the electronics field; Sony sells the United States headquarters building in New York to make years of financial losses in the hole; Sharp in its owner Hon Hai Chairman Terry Gou terrible disgrace Business, tough time.
However, it is too pessimistic to conclude that the Japanese electronics enterprises have been sluggish and failing to decline, and perhaps the widespread downsizing of Japanese electronics companies is a roundabout strategy of 'withdrawing from progress.'
If the consumer electronics, IC components, precision manufacturing equipment, materials, compared with the Japanese Empire four amulets, you can see that although Japanese companies have shown the potential for consumer electronics failure, but in the semiconductor materials, precision manufacturing Equipment and other fields still occupy an important position.
Among the 19 required materials for producing semiconductor chips, Japanese companies account for half of the global market for 14 important materials such as silicon wafers, synthetic semiconductor wafers, photomasks, photoresists, and target materials. In the market segment, In the field of IC components, Sony ranks first in the world for its CMOS image sensor market with many years of experience in the field of camera operations. Renesas is the global leader in automotive semiconductors. In the field of semiconductor-related precision manufacturing equipment, Tokyo Electron is the second largest in the world Large chip equipment manufacturers, in addition to a number of large technology companies have the strength of semiconductor equipment.
Toshiba 'sold themselves' is not necessarily a bad thing, rather than being dragged to death by Westinghouse, it is better to spin off this part of the non-performing assets in order to maintain the qualifications of listed companies, if not thin, Westinghouse will drag the entire Toshiba, was expelled from the capital market, No financing to stand up again.
In addition to the big sales, Toshiba actively adjusted its business direction and focused on social infrastructure, energy, electronic components and ICT solutions as the four key business modules in response to global market trends and demand. While stripping out the related assets of nuclear power company Westinghouse, The sale of television business, it is the signal of a clear strategic layout of the future Toshiba, the sale of sunset industry business, the main attack on the future industry, it is the strategic layout of Toshiba's wise move.
More than 140 years of technical genetics have given Toshiba, a veteran enterprise, a mission to create the future by technology. Solutions such as public infrastructure, building facilities and railway industry systems provided by Toshiba will provide a guarantee for the sustainable economic and social development of all countries and will choose these areas as TOSHIBA's focus on future developments can be described as a measure of Toshiba Toshiba's technological breakthroughs in power energy to solve the global energy problems, but also for all countries to solve the economic development of the worries Toshiba in cloud computing, Internet of Things, artificial intelligence, no one Driving the same technical areas such as decisive layout, through the future layout of ICT business, Toshiba technology to connect people and things, connecting the reality and the future.
Toshiba 'selling' is, of course, sympathetic and sigh, but its 'downsizing' strong courage is even more impressive and admirable Toshiba can review the situation in the global market ups and downs, the decisive to give up the once brilliant industry, Toshiba Technology Thickness Planting industry development, while looking for new global pain points, re-adjust the layout of the global market, this century-old companies have the opportunity, it is possible to continue to create brilliant.