Toshiba Thailand Ltd has confirmed that its operations will continue as usual, unaffected by the recent delisting of its parent company, Toshiba Corporation, from the Tokyo Stock Exchange. The Thai subsidiary highlighted its operational independence, having separated its business operations from the Japanese parent several years ago.
In the wake of Toshiba Corporation’s delisting and subsequent takeover, Toshiba Thailand reassured its customers and trade partners of its commitment to maintaining its role as the distributor of Toshiba-branded electrical appliances in Thailand. The company expressed its dedication to quality products and after-sales services, aiming to remain a top choice for customers.
Toshiba Thailand also announced plans to celebrate its 55th year in Thailand with various marketing events, sales promotions, and social activities, adhering to its motto of positively impacting Thai lives and society’s sustainability.
The delisting of Toshiba Corporation, a significant event after 74 years on the Tokyo exchange, followed the company’s transformation into a private entity. The takeover, valued at US$14 billion (483 billion baht), was led by Japan Industrial Partners (JIP), a consortium involving several prominent firms.
Toshiba, with a history dating back to 1875, has been a major player in Japan’s economic growth. The company’s future under its new ownership remains uncertain, although CEO Taro Shimada, who will retain his role post-buyout, is expected to steer Toshiba towards high-margin digital services. (NNT)
