Toshiba's Delayed Results and 700 Billion US Nuclear Impairment Add to Its Woes
ISSUER COMMENT CORPORATES FEBRUARY 20, 2017 Toshiba’s Delayed Results and ¥700 Billion US Nuclear Impairment Add to Its Woes From Credit Outlook On 14 February, Toshiba Corporation (Caa1 review for downgrade) postponed the release of its third-quarter earnings results, but provided a provisional forecast of a ¥390 billion ($3.4 billion) net loss for fiscal 2016, which ends 31 March 2017. At the saToshiba is engaged in the manufacture and sale of electronics and energy products. Along with its affiliates, Co. operates in six business segments: energy systems & solutions, infrastructure systems & solutions, retail & printing solutions, storage & electronic devices solutions, industrial ICT solutions, and others. Co. provides thermal power generation systems, nuclear power generation systems, water supply and sewerage systems, instrumentation and control systems, environmental systems, automatic railroad station equipment, transportation equipment, POS systems, small-signal devices, information technology ("IT") solution services, personal computers, tablets, televisions, and others.
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