Toshiba To Write Down Over $800 Million After Accounting Probe: Nikkei

[Ron Burgundy]

Toshiba Corp plans to book more than 100 billion yen ($802 million) in impairment charges for the last fiscal year in addition to marking down past results following an accounting investigation, the Nikkei business daily reported on Tuesday. The impairment charges include a more conservative estimate of Toshiba's Westinghouse nuclear business and reflect weakness in its semiconductor and appliances units, the Nikkei said, without citing sources. It said the financial results were not yet finalised as Toshiba's accountants were still reviewing them but that operating profit for the year through March was probably around 150-200 billion yen rather than the 330 billion yen the company had forecast.

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