Toshiba puts downward profit revision at over ¥50 billion

May 14, 2015

Toshiba puts downward profit revision at over ¥50 billion

Toshiba Corp. has announced it might have to revise operating profit downward by just over ¥50 billion ($412 million) for the three years through March 2014 because of an in-house investigation into improper accounting at its infrastructure-related businesses. The estimate, contained in a statement ...