Japan's Toshiba set to outline plans to break up into three listed companies

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

Japanese industrial conglomerate Toshiba Corp is set to outline plans on Friday to break up into three listed companies that will focus on infrastructure, devices and memory chips, sources with knowledge of the matter said.

The plan – borne of a strategic review undertaken after a highly damaging corporate governance scandal – is aimed at improving shareholder value and encouraging activist shareholders to exit, they said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter