![]() Many countries have frozen nuclear energy expansion plans in recent years, especially in the aftermath of the Fukushima disaster. The laptops-to-nuclear conglomerate said the reversal was prompted by its weaker debt-financing abilities for nuclear projects after the scandal led to a business overhaul and a slew of credit-rating downgrades.Ĭhief Executive Masashi Muromachi, however, dismissed suggestions that the nuclear division was in trouble. Fed chair’s testimony Toshiba’s 6.3bn nuclear writedown Queen opens cyber-security centre Elisabeth Perlman These three things will have an impact on the wider world. The shares closed at 241.9 yen on Tuesday, still worth less than half of their value before the company first disclosed cases of accounting irregularities around a year ago. The company said its chairman, Shigenori Shiga, would resign to take responsibility for a 6.3 billion loss. Investors have said that concerns over the value of the business have been a major reason behind the lack of recovery in Toshiba’s share price following a $1.3 billion accounting scandal last year. A Toshiba spokesman at the company’s headquarters in Tokyo on Tuesday. It is feared Toshiba may have to write down the value of. ![]() Toshiba bought Westinghouse in 2006 for $5.4 billion. Shares in Toshiba have dived 16 on reports that the embattled Japanese conglomerate faces bigger losses at its US nuclear power business. The 260 billion yen writedown is a reversal of Toshiba’s long-time refusal to mark down the 330 billion yen goodwill value of Westinghouse despite a deterioration in the nuclear business since the 2011 Fukushima disaster.
0 Comments
Leave a Reply. |