Japanese industrial conglomerate Toshiba Corp (6502.T) outlined plans on Friday to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and storage business.

Toshiba says it plans to split into three firms, rejects calls to go private

The firm's shares plunged 9.45% after it surprised markets by saying its nine-month earnings report had 'not yet become available'

Toshiba stocks nosedive after it delays release of financial results

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toshiba earnings

Toshiba says it plans to split into three firms, rejects calls to go private

Toshiba stocks nosedive after it delays release of financial results