Japanese corporation Toshiba has announced its plan to separate into three businesses on Friday, November 12. The company will focus on two main areas: energy and facilities and device and storage operations. Additionally, it will maintain its 40.6% share in memory chipmaker Kioxia and other assets. Toshiba aims to raise the stock market prices of its several companies after suffering stakeholder pressure. The reorganization is expected to be completed in 2023, but analysts are concerned about the timeline. Atul Goyal of investment bank Jefferies prefers a three-to-six month schedule and says that the progress “seems slow.” Established in the 1870s, Toshiba is one of Japan’s largest companies, offering products and services that range from home electronics to nuclear power plants. The decision to split the corporate into three businesses marks the end of an era, but it also points out activist investors’ growing power, as indicated by the effective removal of the board’s chairperson in June.