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Future of Japan's Toshiba in doubt as losses soar
Japan's electrical and engineering conglomerate Toshiba Corporation on Tuesday (April 11) appeared to be close to the point of collapse after reporting a group net loss of 552 billion yen (S$7 billion) for the period from April to December 2016, owing to losses related to its US nuclear power business.
PHOTO: AFP
Tokyo
JAPAN'S electrical and engineering conglomerate Toshiba Corporation on Tuesday appeared to be close to the point of collapse after reporting a group net loss of 552 billion yen (S$7 billion) for the period from April to December 2016 owing to losses related to its US nuclear power
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