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Toshiba to take $6.3 billion hit on U.S nuclear unit Feb 14, 2017
 

The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, JapanToshiba Corp said on Tuesday it would take a 712.5 billion yen ($6.28 billion) writedown on its U.S. nuclear business, wiping out its shareholder equity and dragging the company to a full-year loss. The company estimated a 390 billion yen ($3.44 billion) net loss for the year ending March 31, compared with a 460 billion yen loss a year earlier, following a 2015 accounting scandal. The results have yet to be approved by the company's auditor and have been released as guidance, Toshiba said.


 
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