Non-PC

5 Jun 2018 By Quentin Webb

The Japanese group is buying its rival’s laptop business for a song. Toshiba was a PC pioneer, but the last thing it needs now is to battle in this cutthroat, scale-dependent and low-growth industry. Backing from Taiwan’s Foxconn puts Sharp in a slightly stronger position.

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Context News

Toshiba agreed to sell control of its personal computer business to rival Sharp for about 4 billion yen ($36 million), the Japanese electronics group said on June 5.

The deal gives Sharp 80.1 percent of subsidiary Toshiba Client Solutions, plus various other PC-focused units and operations. Toshiba will also continue to license brands to TCS. The two sides expect the deal to close by Oct. 1.

In May, Toshiba said its PC business generated an operating loss of 9.6 billion yen in the 12 months to March, as sales fell 13 percent to 167 billion yen. Toshiba forecast the unit would make an operating profit of 1 billion yen on sales of 190 billion yen in this financial year.

The company had grouped PCs alongside televisions in a non-core division called “Others”. Toshiba closed the sale of the TV business, Toshiba Visual Solutions Corp, to China’s Hisense in February.

Context News

Toshiba agreed to sell control of its personal computer business to rival Sharp for about 4 billion yen ($36 million), the Japanese electronics group said on June 5.

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