In November 2019, Toshiba group announced that three listed subsidiaries, including TPSC, would be wholly owned subsidiaries of Toshiba corporation to increase the value of the total Toshiba group, based on a five-year transformation plan called the “Toshiba Next Plan.” Since then, TPSC has strengthened profitability by cooperating with other Toshiba groups in terms of sales, engineering, quality and production. Until now, Toshiba ESS and TPSC have been conducting hydropower business separately, but through this integration, TPSC business will be included in ESS business. KAWASAKI/YOKOHAMA, JAPAN―Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) announced today that they have signed an agreement on hydropower business integration as of December 1 to improve efficiency and expand hydropower business.
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