Toshiba’s debt reduction exceeds 40%. Does the storage business not sell?

The micro-network news, Nikkei News reported that Toshiba still owed more than 900 billion yen to the bank group at the end of last year. However, at the end of March this year, Toshiba’s arrears have left about 500 billion yen, a decrease of more than 40%. The dramatic improvement in the financial structure and the acceleration of debt repayment to reduce the influence of creditors show that Toshiba is prepared to suspend the sale of the memory sector (TMC), triggering more market speculations.

The previous attitude of the bank group was to keep the creditor’s rights, thus forcing Toshiba to sell the memory department early. However, this case has not been approved by the Ministry of Commerce of the People's Republic of China, and the bank group’s weakening of the bond to Toshiba has given Toshiba more options. There have been B plans to surface.

Toshiba's new CEO, Nobuaki Kurumatani, had previously stated that the company would not implement the option of abandoning the sale of the chip business unless there was a 'significant change'.

It is not known whether the substantial reduction in debt is in line with the definition of 'significant changes'. The legendary B plan is ultimately expected to be realized in the form of an initial public offering (IPO).