Toshiba Shares Recover From Early Plunge on Accounting Report

Views Of Toshiba Corp. Headquarters As Toshiba's Default Risk Surges Most In Japan On Accounting Probe — Photographer: Akio Kon/Bloomberg

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By Yuji Nakamura and Takashi Amano

January 4, 2017 at 2:24 AM UTC

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Shares of Toshiba Corp. recovered from an early dive after the Asahi newspaper reported regulatory concerns about the company’s earnings.

Toshiba rose 2.3 percent to 289.6 yen as of 11:13 a.m. in Tokyo after slumping as much as 6.9 percent in early trade. Japan’s Securities and Exchange Surveillance Commission suspects the company padded earnings by about 40 billion yen ($339 million) in the three fiscal years through March 2014, Asahi reported citing unidentified sources. Toshiba didn’t immediately respond to a request for comment.