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Satoshi Tsunakawa

Not Again! Another Big, Bad Surprise from Toshiba

December 28, 2016 by Ted Leave a Comment

Loses Almost a Third of Its Total Market Value in 2 Days

Toshiba FacilityToshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made by its U.S. unit, Westinghouse Electric. The acquisition was related to the construction of two nuclear power plant projects being built in the U.S. as the company made a big bet on a nuclear renaissance in the U.S. power structure – a bet that is not paying off.

Toshiba President apologizes for a potentially multi-billion dollar writedown… [Read more…] about Not Again! Another Big, Bad Surprise from Toshiba

Filed Under: Asian Connection, Financial, Management, Manufacturers Tagged With: energy, nuclear, Satoshi Tsunakawa, Toshiba, Westinghouse Electric, writedown

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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