One year ago, on April 7, 2021, the Nikkei reported on its online edition and newspaper that "a British fund company made a takeover proposal to Toshiba". The content is that the British fund company wants to acquire all the shares of Toshiba and "privatize" it. Regarding this report, Toshiba's then-president Chetani Masaki said in the morning that "the company is researching." Since then, Toshiba has had a "perfunctory year".
Chetani Changaki, after retiring job email list from Sumitomo Mitsui Banking Corporation as vice president, served as the head of the Japanese branch of the British fund company mentioned in the "Nihon Keizai Shimbun" report, and then joined Toshiba as the president, and was entrusted with reconstruction. The task of revival has been three years. Che Gu Changzhao was recruited by Toshiba, apparently related to his experience as a fund company executive. However, he failed to establish a good working relationship with those fund shareholders who have the right to speak, and he fell into trouble.
The major shareholder of Toshiba's overseas investment fund was originally introduced by Toshiba itself. Due to the bankruptcy of the US nuclear electronics company Westinghouse Electric Corporation, Toshiba suffered losses of more than 1 trillion yen and fell into a situation of insolvency. As a result, Toshiba filled this gap by issuing additional financing of 600 billion yen and solved the problem of insolvency. Before the additional issuance of financing, the total number of outstanding shares was about 4.2 billion shares, and the newly issued shares were 2.2 billion shares. The total number of shares increased by 1.5 times, which is a forced additional issuance.