TOSBF - Toshiba talking with 10 potential investors over strategic options

Toshiba (OTCPK:TOSBF) said Friday it has received interest from 10 potential investors after it solicited proposals on strategic alternatives, including a buyout. The investors have been given detailed information on the company's business and finances after signing confidentiality agreements, Toshiba (OTCPK:TOSBF) said. The company also released earnings for FY 2021 ended in March, with net profit rising 70% Y/Y to ¥194.7B (~$1.5B), or ¥442.05/share, from ¥114B, or ¥251.25/share, in the prior year, as sales rose in all business segments. For the current financial year, Toshiba (OTCPK:TOSBF) forecasts a 7% increase in operating profit to ¥170B on sales of ¥3.3T. Toshiba (OTCPK:TOSBF) put itself up for auction last month after its proposed restructuring plan to split itself in two was rejected by shareholders.

For further details see:

Toshiba talking with 10 potential investors over strategic options