Toshiba Says Nuclear Writedown May Reach Billions of Dollars
- Nikkei, NHK report charges related to Westinghouse acquisition
- Writedowns may be more than company’s projected profit
Toshiba: Nuclear Writedown May Reach Billions
This article is for subscribers only.
Toshiba Corp. can’t get past its accounting problems.
The Japanese company, which paid a record fine a year ago for its bookkeeping practices, warned that it may now have to take another charge of several billion dollars related to an acquisition made by U.S. unit Westinghouse Electric.