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Accounting scandal

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Wed, Dec 28, 2016

A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.

Toshiba may book big loss on US nuclear acquisition, shares plunge

Toshiba may book big loss on US nuclear acquisition, shares plunge

Tue, Dec 27, 2016

Toshiba Corporation said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12%.

Toshiba first-half profit triples on asset sales

Toshiba first-half profit triples on asset sales

Fri, Nov 11, 2016

Toshiba said on Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal.

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Foreign investors sue Toshiba over accounting scandal

Foreign investors sue Toshiba over accounting scandal

Thu, Oct 13, 2016

A group of investors, mostly foreign institutions, are suing Toshiba Corporation in a Tokyo court for 16.7 billion yen ($162.3 million or nearly Rs 1,079.74 crore ) in damages, over a $1.3 billion (nearly Rs 8,648.6 crore) accounting scandal uncovered last year.

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