Toshiba will report about a huge net loss
We recently learned that Toshiba is going to allocate the semiconductor business into a separate company and to sell part of it. Such a need the company had, due to a huge loss in business related to nuclear energy.
According to sources, the Japanese giant is likely to announce a net loss in the amount of about $ 3.5 billion in the first nine months from April to December 2016. It will also be caused by write-offs of 5.26-6,14 billion in nuclear business, which is associated with the depreciation of the goodwill (business reputation).
Due to this situation, Toshiba’s own capital could become negative, which will even more aggravate position of the company. Also in connection with problems, the company delayed the publication of the next financial report.