Toshiba to implement reforms in visual products business

TOKYO, JAPAN: Toshiba Corporation today announced that it will implement structural reform of its visual products business, including LCD TVs, toward improving profitability and strengthening foundations of the business.

Toshiba will allocate resources to large screen Ultra HD (4K) LCD TVs, where growing demand is expected, to differentiated functions for viewing and recording. The company will also concentrate resources on strengthening cloud services, which are expected to enhance linkage between digital products and between digital products and home appliances.

The company will separate the visual products business from its in-house Digital Products and Services Company and merge it with Toshiba Home Appliances Corporation, a consolidated subsidiary that oversees the home appliances business. Toshiba plans to establish Toshiba Consumer Electronics Corporation to operate both businesses.

Going forward, Toshiba aims to see profit in its visual products business in the second half of this fiscal year through continued review and reform of business processes and operations.