Mark down of past Toshiba earnings may exceed 100b yen
On-going probe finds more accounting irregularities, latest relating to computer parts procurement: report
Mon, Jul 06, 2015 - 5:50 AM
Toshiba has not been able to close its books for the year that ended in March while a third-party committee reviews its past bookkeeping practices in a probe prompted by regulators.
TOSHIBA Corp may need to mark down past earnings by over 100 billion yen (S$1.1 billion), more than double earlier estimates, after an ongoing investigation into past accounting practices found more irregularities, a source familiar with the matter said last Saturday.