Toshiba says U.S. SEC completes accounting probe, no penalty

Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that ... Read More

Toshiba Says Suing Western Digital for $1 Billion

Japan’s Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital Corp. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying ... Read More

Toshiba facing fresh lawsuit from another group of foreign investors

Japanese electronics giant Toshiba says it is facing a fresh lawsuit from another group of foreign investors seeking damages following its $1.2bn accounting scandal. The company says it has ... Read More

Toshiba Is Replacing Its Auditor PwC Over Irreconcilable Differences

Toshiba Corp (TOSBF, +1.24%) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, ... Read More

Toshiba may book loss of several hundreds of billion yen; stock tumbles 12 percent

Toshiba Corp (6502.T) said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition – a shock warning that sent ... Read More
toshiba building

Foreign investors sue Toshiba over accounting scandal

Toshiba sued by a group of investors for accounting damages Latest lawsuit seeking the largest amount of money Toshiba has 15 other lawsuit from other investors Toshiba Corp on ... Read More

Toshiba: Japan trunk bank sues it for $120 million over accounting scandal

Toshiba Corp (6502.T) said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company’s $1.3 billion accounting scandal ... Read More
Asian Stocks

Asia markets mixed; Nikkei up 0.4%, Kospi down 0.5%

Asia markets traded mixed on Thursday, with some markets partially retracing their advances following Federal Reserve chair Janet Yellen’s cautious stance on the path of tightening earlier this week. Japan’s Nikkei 225 wavered ... Read More
toshiba building

Toshiba confirms SEC investigation as accounting woes spread to US

Securities commission and justice department examining ‘accounting problem’ at US units, says Japanese corporation, amid profit-padding crisis Toshiba has announced its US businesses are cooperating with authorities over alleged accounting ... Read More

Toshiba says it is not considering ending PC production

A Toshiba Corp said on Tuesday it was not considering withdrawing from personal-computer production and selling its Hangzhou factory in China. The comment by a Toshiba spokesman followed a ... Read More
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