Toshiba Rises After Share Buyback Announcement

Toshiba is undergoing a financial turnaround after selling its memory chip business to raise cash and avoid delisting. The sale, agreed with Bain Capital, was initially necessary due to financial troubles from its US nuclear business. Now, with an excess of cash, Toshiba plans to return capital to shareholders. The company is restructuring to focus on lower-risk ventures, moving away from large projects. This strategy aims to stabilize Toshiba's future, making it more conservative and diversified across various industries.

What challenges did Toshiba face in the past that led to its current restructuring efforts?

In what ways is Toshiba expected to change its business strategy moving forward?