Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale

SHARE:

FILE PHOTO : A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012.

TOKYO - Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit.

Toshiba, which separated out the unit in April as a prelude to a sale, said it was being taxed on the basis of assets and liabilities of the transferred business at the time of the split.

The latest forecasts, however, do not reflect expected gains from the 2 trillion yen ($17.6 billion) sale as the deal has yet to receive regulatory approval.

Toshiba said that due to the tax impact, it expects a loss of 110 billion yen ($970 million) in the year to March, instead of its previously forecast profit of 230 billion yen.

It kept its annual revenue and other profit forecasts unchanged.

Toshiba, desperate for funds to cover liabilities arising from it U.S. nuclear unit Westinghouse, agreed last month to sell the unit - the world’s second biggest producer of NAND flash memory chips - to a group led by Bain Capital.

A highly contentious auction meant that a decision on the buyer took much longer than expected, and Toshiba has run the risk of not getting anti-trust clearance before the end of the financial year in March as regulatory reviews usually take at least six months.

If it doesn’t get the deal done in time, it could end the year in negative net worth for a second year in a row, putting pressure on the Tokyo Stock Exchange to delist it.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale
Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale
Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calculating taxes related to the sale of its prized chip unit. Toshiba, which separated out the unit in April as a prelude to a sale, said it was being taxed on the basis of assets and liabilities of the transferred business at the time of the split.
https://3.bp.blogspot.com/-fqAzWxUtWkY/We27eswFEzI/AAAAAAAAlGI/zSdoyNcrjd0hRdPMYScSQw7i0RQTGZb9gCLcBGAs/s640/A%2Blogo%2Bof%2BToshiba%2BCorp%2Bis%2Bseen%2Bon%2Ba%2Bprinted%2Bcircuit%2Bboard%2Bin%2Bthis%2Bphoto%2Billustration%2Btaken%2Bin%2BTokyo%2BJuly%2B31%252C%2B2012.jpg
https://3.bp.blogspot.com/-fqAzWxUtWkY/We27eswFEzI/AAAAAAAAlGI/zSdoyNcrjd0hRdPMYScSQw7i0RQTGZb9gCLcBGAs/s72-c/A%2Blogo%2Bof%2BToshiba%2BCorp%2Bis%2Bseen%2Bon%2Ba%2Bprinted%2Bcircuit%2Bboard%2Bin%2Bthis%2Bphoto%2Billustration%2Btaken%2Bin%2BTokyo%2BJuly%2B31%252C%2B2012.jpg
Muslim Global
http://www.muslimglobal.com/2017/10/toshiba-sees-annual-loss-of-almost-1.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/10/toshiba-sees-annual-loss-of-almost-1.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy