Toshiba Again Seeks Acquisitions After String of Deal Flops
- CEO Kurumatani is drawing up a list of smaller targets
- The Japanese icon is again on the prowl after failing at M&A
Nobuaki Kurumatani reaffirmed Toshiba’s intention of unloading its stake in former flash memory unit Kioxia.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Toshiba Corp., chastened by a string of disastrous overseas acquisitions, is once again looking to buy. This time more cautiously and closer to home in Japan.
The Tokyo-based industrial giant is looking at small and mid-size firms, especially those in areas adjacent to its own infrastructure services and digital technology businesses, Chief Executive Officer Nobuaki Kurumatani said in an interview.