In a big change, Toshiba (6502.T) said goodbye to the Tokyo exchange after being there for 74 years. This follows a lot of problems and scandals that brought down one of Japan’s biggest brands. Now, a group of investors, led by a company called Japan Industrial Partners (JIP), is taking over Toshiba. Other investors in this group include financial services firm Orix (8591.T), utility Chubu Electric Power (9502.T), and chipmaker Rohm (6963.T).

This $14 billion takeover is happening because Toshiba had trouble with investors from other countries. Now, Japanese investors are taking control. Toshiba, known for making batteries, chips, and nuclear and defense equipment, thanked its supporters and said it’s taking a big step toward a new future with new owners.

Toshiba’s last day of trading saw its shares at 4,590 yen. Even though we’re not sure what Toshiba will look like with its new owners, the CEO, Taro Shimada, who stays after the takeover, will probably focus on digital services that make more money.

Some people wanted Toshiba to work with a government-backed fund, but that didn’t happen because JIP supported Shimada. Now, there’s talk of maybe splitting Toshiba into different parts.

Damian Thong, who watches Japan for Macquarie Capital Securities, said Toshiba had problems because of bad decisions and bad luck. He hopes that by selling some parts, of Toshiba’s stuff, people can find new places where they can do their best.

The Japanese government is watching closely. Some of Toshiba’s work is important for national security, and the company has around 106,000 employees.

Four executives from JIP, along with others from Orix and Chubu Electric, will join the board. A senior adviser from Toshiba’s main bank, Sumitomo Mitsui Financial Group (8316.T), will also help the new management team.

Toshiba is already starting to do new things. They’re working with Rohm to spend $2.7 billion on making power chips together. But experts say Toshiba needs to stop doing things that don’t make much money and find better ways to sell its advanced technologies.

As Toshiba goes through all these changes, the big question is how the company, with its deep technical knowledge, can become an important player in the future.

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