Stock market quotes, forex, financial news, forex tools – money-investing.com

The anti-record of the year – the loss of the Japanese company Toshiba is estimated at one billion dollars

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
The anti-record of the year – the loss of the Japanese company Toshiba is estimated at one billion dollars
October 24
09:00 2017

Over the past few years, the once innovative Japanese company has been plagued by financial disasters. Unfortunately for investors, this year has not become an exception. The company has published a forecast regarding the loss for the year, according to which Toshiba is being waited for almost a billion in losses (or more precisely – $ 968 million).

Paradoxically, the cause of the anti-record was the sale of the last profitable division of the company engaged in semiconductors.

This unit was sold to an association of investors headed by the Bain Capital fund for $ 17.5 billion. Such a huge loss is the tax effect of the transaction. Excluding taxes on the transaction, the annual revenue was expected to be about 5 trillion yen; EBIT is estimated by experts at 430 billion yen.

Such famous companies as Apple, Toshiba itself, Dell and Hoya are among those international investors who have bought the semiconductor division of the Japanese high-tech company.

We recall that the Japanese company Toshiba has suffered a number of financial failures associated with a failed nuclear project and a scandal with the forgery of the financial reporting. The company’s shares are being traded on the Tokyo Stock Exchange; some time ago there was a risk of delisting the company.

Against the backdrop of the news about the alleged billion-dollar losses, the shares have fallen by 2%. The trend will continue with a probable small correction in the future.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

Related Articles

6 Comments

  1. Marina Umstead
    Marina Umstead December 22, 11:10

    Some genuinely fantastic information, Glad I detected this. “The historian must have some conceptions of how men who are not historians behave.” by Edward Morgan Forster.

    Reply to this comment
  2. brawlhalla mammoth
    brawlhalla mammoth June 18, 18:54

    Thanks for another informative site. Where else could I get that kind of information written in such an ideal way? I have a project that I am just now working on, and I’ve been on the look out for such information.

    Reply to this comment
  3. monty_teece
    monty_teece August 07, 03:17

    Thank you for any other magnificent article. Where else may just anybody get that kind of information in such a perfect approach of writing?
    I’ve a presentation next week, and I am at the look
    for such info.

    Reply to this comment
  4. melissa_copeland
    melissa_copeland August 09, 04:28

    This is the perfect webpage for anyone who really wants to understand
    this topic. You understand so much its almost hard to argue with you (not
    that I actually would want to…HaHa). You certainly put a
    new spin on a topic that’s been written about for many
    years. Great stuff, just excellent!

    Reply to this comment
  5. myrasteffen
    myrasteffen August 17, 00:04

    You are so cool! I don’t think I’ve truly read a single thing like this before.
    So wonderful to discover somebody with unique thoughts on this topic.
    Seriously.. thanks for starting this up. This web site is one thing that is
    required on the web, someone with some originality!

    Reply to this comment
  6. Merle
    Merle August 29, 21:18

    I know this website gives quality based content and additional stuff, is there any
    other website which gives these data in quality?

    Reply to this comment

Write a Comment