New Toshiba Corp. President Hisao Tanaka is confident the company can rebuild its loss-making TV business by slashing fixed costs and taking other restructuring measures that will make it profitable in the second half.
Tanaka, 62, who assumed his post Tuesday, succeeding Norio Sasaki, was also optimistic about promoting mergers and acquisitions, though he declined comment on reports that Toshiba is trying to invest in Panasonic Corp.'s health care business.
The most important criteria in pursuing M&As are "whether there will be synergies and (whether) we can aim for further growth through a complementary relationship," Tanaka said, adding that health care is an area the company wants to focus on.