trendingNowenglish1976963https://zeenews.india.com/international-business/toshiba-chairman-shigenori-shiga-quits-post-over-huge-losses_1976963.html
News> International Business
Advertisement

Toshiba chairman Shigenori Shiga quits post over huge losses

Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.  

Toshiba chairman Shigenori Shiga quits post over huge losses

Tokyo: Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.

Hours after delaying the release of its financial results, the company issued a forecast that said it was on track to report a net loss of 390 billion yen (USD 3.4 billion) in the current fiscal year to March, with losses in its atomic division topping 700 billion yen.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

Read More
NEWS ON ONE CLICK