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Toshiba considering capital strategy after flagging potential big losses

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[TOKYO] Toshiba Corp said on Tuesday the conglomerate was considering to steps to raise capital as it could not rule out that a huge charge to its US nuclear business might wipe out its shareholders' equity.

[TOKYO] Toshiba Corp said on Tuesday the conglomerate was considering to steps to raise capital as it could not rule out that a huge charge to its US nuclear business might wipe out its shareholders' equity.

"We are considering measures including some kind of capital strategy," CEO Satoshi Tsunakawa told a news conference, after Toshiba announced it may have to book several billion US dollars in losses related to a US nuclear power acquisition.

He did not detail the measures under consideration.

Asked if Toshiba could fall into negative net worth as a result of the charge over the purchase by its Westinghouse unit, Chief Financial Officer Masayoshi Hirata said the company cannot yet estimate the amount of the charge.

REUTERS

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