Afterwards sells business of gain is big chip is mixed once after business of star product PC, the Japanese Toshiba company in management reforming (Toshiba, TOKYO: 6502) the decision contracts in the round its energy business, include to will be in the beauty liquefied natural gas (LNG) business sells Chinese business new abstruse share, and liquidate NuGeneration of company of electron of its England nucleus. Evaluate in Toshiba interior in, afore-mentioned two all are belonged to " domain of blame core business " , toshiba is about to borrow what come off and liquidate farther cleared oneself to run a risk.
Afore-mentioned decisions are Toshiba company board of directors approved on November 8 " Toshiba plans next " (Toshiba Next Plan) medium main component. Adopt a plan of 5 years of transition, the target of Toshiba is " will come in domain of extensive professional work for years (arrive from infrastructure electronic equipment) accumulated knowledge and ability, combinative oneself is mixed in information processing, digitlization the advantage of respect of artificial intelligence technology, transition becomes one of companies of science and technology with lead domain of information physics system. Transition becomes one of companies of science and technology with lead domain of information physics system..
Toshiba put forward clear gain to grow a target at the same time, include: To 2021 money year end, realize 3.7 trillion yen (add up to 32.5 billion dollar about) sale, sales profit ratio (ROS) more than 6% , net assets yield (ROE) more than 10% . Further, when ending to Five-Year Plan, sale reachs 5 trillion yen (add up to 44 billion dollar about) , sales profit ratio and net assets yield are achieved respectively 10% with 15% .
Toshiba will carry out 4 reform act to promote core gain capability. Except exit domain of blame key business besides, this company returns provision to optimize employee rank, reforming manufacturing base and reduce subsidiary amount, at the same time reform purchases link, adopt all sorts of measure to reduce cost. Did not come 5 years, toshiba plans to cut down the member of persons employed about 7000 people, up to by this year June, sum total of this company staff is 132 thousand person about.
Quit LNG professional work completely
Toshiba Ceng Shidong reachs place advocate board the brunt of the market, Japan most one of enterprises that take great pride. Bubble economy period, toshiba is the enterprise of before the market prise outside dividing financial orgnaization 10, share price exceeds 1000 yen for a time. July 2015, toshiba is immersed in accounting scandal because of business profit of make a false report, share price issues defeat considerably. Be worth Toshiba to restore from inside accounting scandal gradually when vigour, share price picks up, company of beautiful nucleus electron is in by 2016 on the west house is electric (Westinghouse) asset of a huge sum is decreased write down make its are sufferred again inflict heavy losses on.
Because in the beauty two AP1000 project overspends badly,reach atrophy of demand of market of global nucleus cable to affect, on the west house is electric management state is exasperate, recombine at announcing to implement the strategy in March 2017. This year in January, brookfield of company of Canadian asset management is bought with 4.6 billion dollar on the west house is electric, dan Dongzhi still needs those who continue to assume American nuclear power plant to build item loss to assure compulsory.
To avoid to appear endowment not pay a debt in kind or by labour and be picked the card retreats city, toshiba already sold a series of asset before this, include to issue the standard carry out of core movie company to grant the leading financial group of American Bain capital, of 80.1% equity carry out PC business grants Xia Pu.
Toshiba 2017 money year money newspaper shows, its net profit amounts to 804 billion yen, come 4 years first make up the deficits and get surpluses. But asset comes off still continueing, toshiba is casting off a likelihood to make its are faced with the asset of prospective deficit with all one's strength.
On November 8 noon, toshiba company announcement says, the board of directors has decided to exit American liquefied natural gas (LNG) business, provision leaves the division company of LNG of United States of wholy-owned subsidiary Toshiba (Toshiba America LNG Corporation) all share make over tripartite to buy the home.
Toshiba 2013 harbor of freedom of Texas of sortie United States (Freeport) LNG exports terminal project, signed a by a definite date 20 years, the contract that wins 2.2 million tons LNG every year. Toshiba most first the plan includes to generate electricity the liquefied natural gas with its equipment makes packet of sale, but discovery is found very hard later buy the home, according to pay the contract that does not view to may make its 20 years suffer in future highest the deficit of a huge sum that amounts to 1 trillion yen.
Announcement says, to sell LNG to Japan and abroad client, toshiba is in all the time before this to started liquefacient service 2020 business prepares, include with Freeport subsidiary FLNG Liquefaction 3, LLC (FLIQ3) the natural gas liquefaction that signs by a definite date 20 years treats an agreement, with Enbridge company affiliated company signs conduit to carry an agreement to wait a moment. After company of LNG of Toshiba United States held water 2017, toshiba makes over afore-mentioned rights and interests this company, make its obtained 2.2 million tons / year ability of natural gas liquefaction. Meanwhile, system of another of Toshiba subsidiary Toshiba the sources of energy that pursues energy business technically and solution company (Toshiba Energy Systems&Solutions Corporation) , come to an agreement to be produced what accept latter entirely with American LNG company can, the utility company that appears personally to regard LNG as potential client with much home by its exchanges views.
Announcement says, making " next plans " in the process, toshiba company evaluated its business combination in the round. Should evaluate LNG business fixed position is blame core task, cannot see the synergism of as other as Toshiba business beforehand from which. Toshiba thinks, because afore-mentioned reasons and market environment put the uncertainty that be in, this part business is put in potential loss risk. After survey, toshiba put forward to exit a few kinds of option of LNG business, include to make over or remove LNG agreement, final choice with one-time the means that pays to buyer comes off LNG business. After this, toshiba is given out to global LNG buyer bid invite.
On November 8 evening, toshiba announces as new as China abstruse zoology accuses an Inc. to reach agreement of relevant purchase and sale.
New abstruse share (600803) announce at the same time, through many rounds negotiation and make an on-the-spot investigation on the spot, reach asset to buy an agreement with group of Japanese Toshiba energy, plan to buy business of LNG of Toshiba United States to valence with the cash of 15 million dollar 100% equity. At the same time system of Toshiba the sources of energy and solution company plan to new abstruse share pays 821 million dollar, as former the relevant contract right that signs with LNG of Toshiba United States and compulsory contract be adopted as heir to one's uncle are right valence.
New abstruse share is field of domestic clean energy resources civilian battalion tycoon is new the subordinate of abstruse group appears on the market company, the strategy is located in resource of natural gas upper reaches to get surely, become the supplier of natural gas upper reaches that has competition ability. relatively Yu Dongzhi is in the awkward unfavorable situation of natural gas domain, new of abstruse share backside new abstruse group, had formed perforative and downstream cent to sell, the complete natural gas that production of upper reaches of Chu Yunhe of middle reaches commerce extracts industrial catenary.
Be in an Asia personally especially the driving force center of Chinese this one global LNG demand, new the strategy that gas source seeks outside abstruse share Xiang Hai is very clear. 2016, new abstruse share becomes Australia through investing external the biggest partner of SANTOS of company of gas of the 2nd lard, up to now the share of aggregate hold SANTOS 10.07% , established relationship of long-term strategy collaboration with its. Carry on Toshiba is in the beauty business of free port LNG, be helpful for new the diversity combination that abstruse share perfects LNG of its whole world to supply.
The target of Toshiba is afore-mentioned cession is finished before March 31, 2019, but suffer a government likely also to approve wait for a reason and defer. Trade after finishing, company of LNG of Toshiba United States will be become new the wholy-owned subsidiary of abstruse share.
Liquidation is in company of flower nucleus electron
Toshiba board of directors decides at the same time, the nuclear power plant that exits its to be located in England builds a project, will liquidate stage by stage (Wind-up) NuGeneration of the subsidiary below the banner (next weighing NuGen) .
NuGen is the joint ventures of Toshiba company and group of ENGIE of tycoon of French the sources of energy, plan to pit in British north originally cloth Li Yajun (Cumbrian) Muersaide (Moorside) the site of factory builds group of electric machinery of 3 AP1000 nucleuses, about 6 million power supply will are after building. According to original plan, first aircrew general 2024 put into production generates electricity.
Moorside the site of factory plans to create 3 AP1000 unit formerly
Get company of American nucleus electron on the west house is electric go bankrupt recombine reach the incident be a burden on such as financial scandal, toshiba company is immersed in endowment not pay a debt in kind or by labour. Face clear challenge in view of NuGen, ENGIE is in in April 2017 exercise right, requirement Toshiba buys his to hold some in NuGen all 40% share. Afore-mentioned equity buy a program at be being finished finally in July in those days, nuGen becomes Toshiba 100% accuse enterprise. Meanwhile, toshiba begins to seek the investor that is interested in NuGen, consider to sell its are in the share of NuGen.
This act accords with Toshiba the train of thought that its remove the nuclear power plant outside going to sea to build business. According to insurgent news understanding, on the west house is electric start go bankrupt after the program, toshiba is gone to before the company inside much family property invited inside global limits inspect Moorside project and become a shareholder NuGen undertakes negotiating, those who hope to choose a NuGen from which is new buy the home.
Still include company of Korea nucleus phone to what NuGen interest holds high, korea power company (Kepco, korea calls electric power below) the first negotiation target that becomes Toshiba for a time. Be in early 2016, korea power company ever around join NuGen financial group to launch a negotiation. For the Korea electric power that market of cable of abroad to be being advanced actively nucleus develops, if can take next Nugen, hopeful gains foothold in England.
However, toshiba announced on November 8, after undertaking negotiating with much home company, toshiba still cannot be in 2018 money year to finish during March 31, 2019 sell NuGen. Considering continue the additional cost that operation NuGen place requires, toshiba thinks, go up from economy for, rational decision is to exit British nuclear power plant to build a project, adopt measure to liquidate Nugen. The special end company that Toshiba creates for hold NuGen share -- company of England of advanced the sources of energy (ADVANCE ENERGY UK LIMITED, AEUL) , also will face liquidation.
Toshiba will start liquidation program on January 31, 2019, will fulfill the process of all England law that the place that finish requires. After liquidating NuGen and AEUL, toshiba predicts to will be recorded before duty integrated deficit 15 billion yen.
Exit LNG in the round business and in business of flower nucleus cable, show Toshiba is breaking those project cycle to make longerly, easily in first cut the asset of risk of loss of its incur a huge sum.
