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Toshiba to Implement Organizational Reforms towards Creative Growth

-To establish new business development division in corporate staff organization -
19 Sep, 2013

TOKYO—Toshiba Corporation (TOKYO: 6502) 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.

Business Segments

The new segments, their business organizations and objectives are described below.

1. Energy & Infrastructure Group

  • Power Systems Company
  • Social Infrastructure Systems Company

To provide low carbon and high efficiency power systems and wide ranging social infrastructure systems and solutions, including transmission and distribution systems and their related power electronics.

2. Community Solutions Group

  • Community Solutions Company (newly established, which will oversee Toshiba Elevator and Building Systems Corporation (TELC), Toshiba Lighting & Technology Corporation (TLT) and Toshiba Carrier Corporation (TCC))
  • Toshiba TEC Corporation

To strengthen the smart community business and deliver multiple urban and regional solutions that includes building, factory and home energy management systems and solutions for urban facilities and the retail sector.

3. Healthcare Systems & Services Group

  • Healthcare Business Development Division (newly established)
  • Toshiba Medical Systems Corporation (TMSC)

To integrate TMSC's diagnostic imaging business and related Toshiba Group businesses and to extend the scope of business from medical diagnostics to new health care related business, including disease prevention and patient care based on analysis of medical records and sensor data.

4. Electronic Devices & Components Group

  • Semiconductor & Storage Products Company
  • Materials & Devices Div.
  • ODD Div.

To strengthen integrated storage products and to continue to operate a world-class semiconductor business that also contributes to Toshiba Group's other products and systems businesses.

5. Lifestyle Products & Services Group

  • Digital Products and Services Company
  • Toshiba Home Appliances Corp. (THA)

To integrate Digital Products and Services Company and THA in a more efficient consumer-oriented business. Toshiba will aim to strengthen overseas sales in both areas, primarily in emerging markets where demand growth is expected, and to promote use of shared resources and cost optimization.  In this group, Toshiba continues to seek the optimized organization for the TV business, which is still undergoing structural reform.

Note:
Toshiba Consumer Electronics Holding Corporation (TCEH) will be integrated into Toshiba Corporation effective on January 1, 2014.

6. Other business

  • Cloud & Solutions Company (new, which will oversee Toshiba Solutions Corporation)

To integrate ICT cloud services and storage systems and promote global outsourcing services, including information technology outsourcing (ITO) and business process outsourcing (BPO) for Toshiba Group and as a business.

Corporate Staff Divisions

1. Reform of Organizations

Toshiba will improve management quality and maximize enterprise value by reorganizing its current 27 corporate divisions into 13.

  •  Corporate Audit Div.
  •  Strategic Planning Div.
  •  Technology & Innovation Div.
  •  Productivity Planning Div.
  •  Procurement Div.
  •  Marketing Div.
  •  Quality Promotion Div.
  •  Risk Management Div.
  •  Legal Affairs Div.
  •  Corporate Communications Div.
  •  Finance & Accounting Div.
  •  Human Resources & Administration Div.
  •  Information Systems Div.

2. New Business Development Div.

Toshiba will meet new and fast evolving customer and market needs by promoting new concept innovation that creates businesses and value for customers with a new business development division. The new division will draw on Toshiba Group's wide ranging technologies and capabilities and promote product and marketing planning across business segments.

 

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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