On December 30, 2021, 3D Investment Partners announced that on November 24, 2021, objected to Toshiba Corp's plan to split itself into 3 companies and called on it to instead solicit offers from potential buyers. In the letter, 3D Investment stated that the proposed break-up is extremely unlikely to resolve any of the Company's current problems and is instead very likely to create 3 underperforming companies in the image of today's Toshiba. The Company launched its strategic review after pressure from investors following a governance scandal over management's alleged collusion with Japan's trade ministry to pressure foreign shareholders.