Toshiba overhauls future outlook with major divestments

JAPAN’s Toshiba Corp has pulled out of multiple developments and sold off major assets including its US LNG business and UK nuclear power plant development in a move to divest assets that are draining financial resources and cut its losses across the board. 

Toshiba overhauls future outlook with major divestments Toshiba overhauls future outlook with major divestments Toshiba overhauls future outlook with major divestments Toshiba overhauls future outlook with major divestments Toshiba overhauls future outlook with major divestments

Toshiba spinning off US LNG and UK nuclear

The company, which recently revised its business results forecast for this financial year, expects to make a total consolidated loss on sales before taxes of approximately 93 billion yen (A$1.

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