- Toshiba (OTCPK:TOSYY) shares are poised to feel more pressure after an ongoing investigation into past accounting practices found more irregularities than previously expected.
- A source familiar with the matter said Toshiba may need to write down past earnings by over ¥100B ($818M), more than double earlier estimates.
- Since the company disclosed the internal investigation in early April, shares have fallen 22% and many analysts have suspended their ratings.
Toshiba profit markdown said to double
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Symbol | Last Price | % Chg |
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Toshiba Corporation |