Toshiba posts ¥37.8 billion loss after profit-padding scandal

Sep 7, 2015

Toshiba posts ¥37.8 billion loss after profit-padding scandal

Crisis-hit Toshiba Corp. said Monday it would book a ¥37.8 billion ($318 million) loss for the latest fiscal year because of a billion dollar profit-padding scandal. The vast 140-year-old conglomerate announced its annual loss for the year to March 2015, reversing a previously expected ...

Aug 13, 2015

Takata competitors making 68% of air bag inflator replacements

Takata Corp., the company whose faulty air bags are behind a record vehicle-safety recall, is depending on three of its key competitors to produce the majority of millions of replacement parts. By March, Autoliv Inc., Daicel Corp. and ZF TRW Automotive will make about ...

Jun 22, 2015

JFA says search finds no record of World Cup payment

Japan found no record of any payment made to the South American confederation (CONMEBOL) during its bid for the 2002 World Cup hosting rights as alleged by a recent report from Spain, Japan Football Association president Kuniya Daini said Monday. Citing a former CONMEBOL ...