Toshiba Corporation today announced that it will implement comprehensive reforms in its business segments and corporate staff organization that will allow Toshiba Group to secure the main objective of its current management strategy: creative growth through innovation. Through the reorganization, Toshiba will realign key businesses, promote internal synergies, and seek sustained growth without excessive dependence on market growth.
In a business environment of fast changing customer need and requirements, Toshiba will initiate reforms on October 1 that will allow it to take full advantage of its group strengths. The company's four current business segments, "Digital Products Group," "Electronic Devices & Components Group," "Infrastructure Systems Group," ,and "Consumer Electronics Group," will be reorganized into five: "Energy & Infrastructure Group", "Community Solutions Group," "Healthcare Systems & Services Group," "Electronic Devices & Components Group" and "Lifestyle Products & Services Group".
At the corporate staff organization level, Toshiba will improve management quality and maximize enterprise value, Toshiba will reform of corporate divisions from 27 to 13 aiming to strengthen its strategic functions and improve productivity. In addition, Toshiba will newly establish new business development division that creates new businesses through marketing and products planning taking full advantage of technological assets and resources across business segments.