• Home
  • Tv
  • Tv News
  • Toshiba to Expand Accounting Probe to TV, Other Businesses: Reports

Toshiba to Expand Accounting Probe to TV, Other Businesses: Reports

Toshiba to Expand Accounting Probe to TV, Other Businesses: Reports
Advertisement
Toshiba Corp will expand its accounting probe to other operations with a focus on its TV, computer and chip businesses, public broadcaster NHK reported Friday, as it investigates bookkeeping irregularities for some infrastructure projects.

An announcement could be made as early as next week, the Nikkei business daily reported. The probe will cover the five years through March this year, NHK said, citing unnamed sources.

A Toshiba spokesman said the reports were not based on any company announcements, adding that it has nothing to announce now regarding the scope of the investigation.

The industrial conglomerate last week said it had set up a new committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years.

It is the second accounting investigation in less than two years for Toshiba, whose shares have slid about 20 percent since it disclosed the latest scandal in early April. The stock was down 0.2 percent Friday morning in Tokyo, in line with the broader market.

Toshiba has twice delayed reporting its earnings for the year ended in March because of the irregularities. It says it plans to release them as promptly as possible after the new probe is complete.

© Thomson Reuters 2015

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Home entertainment, Laptops, PC, Toshiba
Disney to Bring Mobile Technology to More of Its Parks
Sennheiser Urbanite Review: Cans for the City Slicker
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »