Toshiba exits or returns as a "new energy giant"

2023-12-20 18:49:03

We will strive to increase the sales scale of renewable energy business to 650 billion yen by fiscal year 2030.

On December 20, Toshiba Corporation of Japan, a century-old giant, was officially delisted. Toshiba, a major Japanese home appliance and semiconductor manufacturer, delisted from the Jingdong Stock Exchange and Nagoya Stock Exchange on Wednesday after 74 years of listing

, Kyodo News Agency reported on the 20th.

This enterprise, which once relied on "TOSHIBA, TOSHIBA, Toshiba in the new era", an advertising slogan sweeping China in the 1980s, ended the "Toshiba era" in a mess after more than 10 years of turbulence, and stepped into an uncertain future.

But what the outside world may not know is that under the halo of "home appliance giant" and "semiconductor giant", Toshiba's "new energy" territory has quietly taken shape .

Photovoltaic, inverter, hydrogen energy, "the world's first" new energy layout

in this privatization process, digital new energy DataBM

. At present, Toshiba Group has achieved revenue of 3.361 trillion yen in wind power generation, year" (converted at the exchange rate of 20 days). About RMB 167.1 billion , the same below). Among them, the company's power generation and other energy business revenue reached 669.5 billion yen ( about 33.279 billion yuan ). It accounts for 19.92% of the total revenue, and due to the high gross profit of this part of the business, it achieves 31.8 billion yen in net profit. 28% of total profits.

. However, Due to the fierce competition in the market, Toshiba announced on February 3 this year that it would withdraw from the field of household photovoltaics, stop developing new business and sell the sector to Xsol Co., Ltd

., but this does not mean that Toshiba's photovoltaic business will completely retreat as early as 2021. Toshiba turned its attention to the field of perovskite batteries, and in that year introduced a film-making technology that can evenly coat materials, and achieved 15

in the field of inverters in 700 square centimeters of trial products. It also made a reference display at the "PVJapan2015" held on July 29 of that year. At the same time, according to industry organization data, in the IGBT single tube market, the core component of photovoltaic inverters, Toshiba had previously ranked fifth in market share, accounting for 5.

In October this year, the company launched 2200 V silicon carbide (SiC) metal oxide semiconductor field effect transistor to help the miniaturization process of inverters. In the field of

hydrogen energy, Toshiba began to lay out the research and development of hydrogen energy technology as early as 50 years ago, and continued to make efforts in the field of pure hydrogen fuel cells and electrolytic water.

As early as March 2019, the company delivered more than 100 pure hydrogen fuel cell systems. In September

2021, the company developed a hydrogen fuel cell that was 80% smaller in weight and volume than product at that time. In October of

the following year, Toshiba announced a breakthrough in large-scale electrode production technology, and the conversion of electricity to gas entered an era of high efficiency. In October

this year, Toshiba's Energy Systems and Solutions Company announced that it had reached a strategic memorandum of understanding with Guya Metal Co., Ltd. on the establishment of a stable iridium supply network, which is an important material for the manufacture of proton exchange membranes (PEM) used in water electrolyzers for hydrogen production.

Toshiba, formerly known as Tokyo Shibaura Electric Co., Ltd., was founded in 1875 and was merged by Tokyo Shibaura Electric Co., Ltd. and Tokyo Electric Co., Ltd. in 1993. Previously, Sharp and Panasonic, two other Japanese companies, were called the "three giants of white household appliances".

In the most brilliant moment, the company has created many "first in Japan" and "first in the world". Its business spans nuclear power, thermal power generation, wind power generation, medical equipment, transportation equipment, industrial robots and other fields. It is a giant enterprise with more than 200,000 employees worldwide.

However, after the company was exposed to a seven-year accounting fraud scandal involving 224.8 billion yen in 2015, the white goods giant began to be divided up by its peers.

In 2016, the United States undertook Toshiba's white household appliances business, including refrigerators and washing machines, for 53.7 billion yen, namely Toshiba Living Electrical Appliances Co., Ltd.

The sale of the white goods business sent an important signal to the outside world, and the century-old giant began its curtain call.

The following year, Hisense Electric bought a 95% stake in Toshiba's TV business, TVS, for 12.9 billion yen.

And then the computer business..

Energy storage chip business..

Household and light commercial HVAC business.. Up

to now, the huge empire has almost been "undeserved reputation".

According to media reports, The company still owns about 10.

After years of struggle, Japan Industrial Partnership (JIP), a group of more than 20 Japanese companies, gained the upper hand in the battle for control in September. Toshiba accepted an offer of about 2 trillion yen ( $14 billion) to start the privatization process and officially enter the countdown to delisting. In the view of Macquarie Capital Securities, head of Japan research

at Macquarie Capital Securities, Toshiba's predicament is closely related to poor strategic decision-making and bad luck. Toshiba's most glorious era is also the era of Japan's rapid economic growth, and with the transfer of the global industrial chain to China and Southeast Asia, Toshiba has inevitably fallen into the "lost 30 years". Whether

this "lost 30 years" can be recovered from new energy and power semiconductors as Toshiba wishes remains to be seen.

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