New Toshiba Corp. Chairman and CEO Nobuaki Kurumatani emphasized Tuesday that the company does not intend to change plans to sell its lucrative memory chip unit even now that it has staved off financial woes.
"I've experienced a lot of M&As, and it's common sense that stakeholders need to work sincerely toward closing the deal once they've signed a contract," Kurumatani said during an interview at the firm's headquarters in Minato Ward, Tokyo.
The new head, who had worked exclusively in banking before taking over at the struggling technology giant Sunday, added that he aims to transform the 143-year-old electronics firm so that the lion's share of its long-term revenue falls under "recurring" business models.