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Toshiba Australia back in black after shedding businesses

Hafizah Osman | July 13, 2017
Reports $22.3 million in post-tax profit after offloading its Medical and PC businesses.

As of 1 July, its industrial ICT solutions company was merged into Toshiba Solutions Corporation, responsible for construction work related to the ICT solutions business and holds construction business licenses. 

The merger also allowed for the establishment of a business structure that unified development, manufacturing and sales of ICT solutions that utilise IoT and AI, increased the scale of solutions business for manufacturing, industry, social infrastructure, distribution and finance, government and municipalities and supported further business growth. 

The new company aims to focus heavily on digital transformation by expanding business through its Spinex IOT architecture and providing services. Its storage and electronics devices solutions company was also recently transferred into its newly established Toshiba Memory Corporation, created on 1 April. 


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