Japan's Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen (US$2.34 billion/1.5 billion pounds) for the past fiscal year on the nuclear business, a much-anticipated move to address lingering doubts over its book-keeping.
The logo of Toshiba Corp is seen at its headquarters in Tokyo, Japan, November 6, 2015. REUTERS/Yuya Shino
TOKYO: Japan's Toshiba Corp said on Tuesday that it booked an
impairment charge of 260 billion yen (US$2.34 billion/1.5 billion
pounds) for the past fiscal year on the nuclear business, a
much-anticipated move to address lingering doubts over its book-keeping.
Toshiba, however, raised its earnings estimates for the year ended in March as it booked a pretax profit of 590 billion yen from the sale of a medical equipment division to Canon Inc .
It now forecasts a group net loss of 470 billion yen, smaller than a 710 billion yen loss estimated earlier.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)
Toshiba, however, raised its earnings estimates for the year ended in March as it booked a pretax profit of 590 billion yen from the sale of a medical equipment division to Canon Inc .
It now forecasts a group net loss of 470 billion yen, smaller than a 710 billion yen loss estimated earlier.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)
- Reuters
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