Toshiba is looking to sell more assets to repair a balance sheet facing multibillion-dollar writedowns. The conglomerate happens to have more than 600 different businesses, but raising cash from the fire sale will be far from simple.
While Toshiba's two biggest enterprises are nuclear reactors and semiconductors, the Tokyo-based company also has its hands in a wide range of endeavors, including elevators, a general hospital, software services and light bulbs. It even had a lettuce-growing factory. Making matters worse, a round of asset sales following Toshiba's 2015 accounting scandal eliminated many of the easy choices.
Satoshi Tsunakawa, Toshiba's president, said the company is looking at selling shareholdings, real estate and other assets in order to come up with capital. "We will keep considering all options as needed and promptly, and take all necessary steps," he said at a briefing in Tokyo Friday. Read more here and pay attention to the paragraph that mentions Toshiba Tec.
