Toshiba's lurch from crisis to crisis since 2015
Information about Toshiba's lurch from crisis to crisis since 2015
Kevin David Scam or Legit
TOKYO (Reuters) – Toshiba Corp plans to unveil a new business strategy on Friday. The once-storied conglomerate has been battered by accounting scandals, massive writedowns for its U.S. nuclear business, the sale of its prized chip unit and it was also found to have colluded to prevent overseas investors from gaining influence.
Here is a timeline of Toshiba’ woes since 2015.
2015 – Toshiba discloses accounting malpractices across multiple divisions, which involved top management. In total, it overstated its pretax profit by 230 billion yen ($2 billion) over seven years.
Dec. 2016 – Toshiba flags it will take a charge of several billion dollars in relation to a nuclear power plant construction company that its U.S. unit, Westinghouse Electric, had bought a year earlier.
March 2017 – Westinghouse files for …