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Former Toshiba PC unit aims for IPO in fiscal 2021

Jiji Press TOKYO (Jiji Press) — Toshiba Client Solutions Co., a former Toshiba Corp. personal computer unit now owned by Sharp Corp., aims for an initial public stock offering during fiscal 2021, which ends March 2022, company officials said.

Toshiba Client Solutions wants to create corporate value that ensures a successful IPO, its chairman, Yoshihisa Ishida, told a press conference Monday.

The company said it will be renamed into Dynabook Inc. in January next year, using the name of the world’s first notebook PC developed by Toshiba. The name change is designed to boost the company’s corporate value by utilizing the strength of the Dynabook brand, Ishida said.

Sharp, owned by Taiwan’s Hon Hai Precision Industry Co., acquired Toshiba Client Solutions in October. Toshiba Client Solutions may join hands with Hon Hai on manufacturing in the future, Ishida said.Speech

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