Toshiba, a Japanese multinational conglomerate headquartered in Minato, Tokyo, is set to demerge its infrastructure and electronic device units into separate public companies. "Over our more than 140 year history, Toshiba has constantly evolved to stay ahead of the times. Today’s announcement is no different. In order to enhance our competitive positioning, each business now needs greater flexibility to address its own market opportunities and challenges. We are convinced that the business separation is attractive and compelling: it will unlock immense value by removing complexity, it enables the businesses to have much more focused management, facilitating agile decision making, and the separation naturally enhances choices for shareholders. Our Board and management team firmly believe that this strategic reorganization is the right step for sustainable profitable growth of each business and the best path to create additional value for our stakeholders. We are grateful for the Strategic Review Committee’s thorough evaluation and recommendation on our best path forward," Satoshi Tsunakawa, Toshiba Interim Chairperson, President and CEO. On March 10, 2022, Toshiba's top shareholder to vote against break-up plan.