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Toshiba Accounting Scandal News

Foreign institutions

13 Oct 2016

Foreign investors sue Toshiba over $162.3 million accounting scandal

A group of investors, mostly foreign institutions, are suing Toshiba Corp in a Tokyo court for 16.7 billion yen ($162.3 million) in damages, over a $1.3 billion accounting scandal uncovered last year.

13 Oct 2016

Foreign investors sue Toshiba over accounting scandal

Toshiba Corp on Thursday said a group of investors had sued the company for 16.7 billion yen ($162.29 million) in damages over its false profit statements, the largest single claim of compensation over the accounting scandal so far.

14 Sep 2015

Toshiba reports $102 million quarterly net loss

Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.

18 Aug 2015

Toshiba taps ex-top execs of major firms as outside directors

Crisis-hit Toshiba said Tuesday it will book a net loss for the last fiscal year, as it scrambles to revise its financial records to account for a billion dollar accounting scandal.

21 Jul 2015

Toshiba CEO to step down over accounting scandal

CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.

15 Jul 2015

Toshiba CEO to quit in accounting scandal: Sources

Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday.

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