Under our new organization, our former in-house companies now operate as independent corporations. This strategic move fully realizes the goal of autonomous operations, the reason why we introduced the in-house company system in the first place, in 1999. Now each corporation is free to develop the operations and systems best suited to its business, while working together to rebuild Toshiba Group.
Three in-house companies were split off on July 1, 2017, as Toshiba Infrastructure Systems & Solutions Corporation, Toshiba Electronic Devices & Storage Corporation, and Toshiba Digital Solutions Corporation. The Energy Systems & Solutions Company was also split off on October 1, 2017, and combined with the Nuclear Energy Systems & Solutions Division in Toshiba Energy Systems & Solutions Corporation.
The new companies are focused on maximizing value and enhancing direct accountability to the market and customers, and strengthening cooperation with their group companies. By establishing optimized systems, they are also ensuring business continuity in such areas as retaining licenses for specified construction work.
In parallel with this, Toshiba Corporation is now focused on maximizing the corporate value and enhancing governance for Toshiba Group as a whole.