Toshiba shareholders last week rejected plans to split the company into three standalone companies.
Shareholders voted on the proposal at an extraordinary general meeting last week.
Shareholders also voted on a proposed sale by seeking out a private buyer but this was also rejected.
After the meeting Toshiba issued a statement which said: “ Toshiba accepts the opinion of the shareholders expressed at the extraordinary general meeting and will make best efforts to build trust with shareholders and reconsider strategic options to enhance corporate value continuously.”
It’s back to the drawing board for Toshiba with the next meeting of shareholders to be held in June, 2022.
Toshiba has 120,000 employees worldwide and was founded in 1875.