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Nuclear Write-Down Leaves Toshiba With $3.5-Billion Loss In Third-Quarter: Nikkei

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion) in the nine months through December, the Nikkei reported on Sunday. The loss is largely due to a goodwill impairment of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016. During the year-earlier period, Toshiba lost a similarly significant 479.4 billion yen.

 

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