• Kyodo

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Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006.

But Toshiba, reeling from a scandal over fraudulent accounting practices, said Tuesday it projects a smaller overall loss than previously estimated due to profits from selling some noncore operations as part of its extensive restructuring.

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