Big problems call for big decisions - and this, say analysts, could be the first of many for Toshiba.
"We decided at today's board meeting that on March 31 of this year we are to spin off our memory chip business."
Less than 20 per cent will be sold initially of what, for Toshiba, accounts for 75 per cent of its profits.
A move made imperative by the need to raise funds for a big bill.
Six billion dollars of charges expected for cost overruns at its US power plant construction business.
That too the subject of this announcement.
TOSHIBA CHIEF EXECUTIVE, SATOSHI TSUNAKAWA, SAYING: