Seeking to address inhibitions over its bookkeeping, Toshiba Corp. announced it recorded an impairment cost of ¥260 billion ($2.3 billion) for the previous financial year on Westinghouse.
In 2006, the Japanese firm acquired the US nuclear business for $5.4 billion. Amid a degeneration since the Fukushima disaster in 2011, the company refused to lower the ¥330 billion ($3 billion) goodwill value of the unit.
Investors have expressed their woes over the worth of the US business, considering it the major reason for insufficient recuperation in share price after a $1.3 billion accounting scandal in 2015.
Shares ended at ¥241.9 ($2.18).
The material has been provided by InstaForex Company – www.instaforex.com