The company which is expanded in huge business sectors, from laptops and notebooks to nuclear power, is in the wake of redeveloping after revealing that it overstated around USD 1.3 billion of earnings in the financial year 2008. Today, Toshiba is all set to forecast the net loss recorded of around US $4.13 billion (500 bn. Yen) for the year 2015-16 with restructuring costs, according to Nikkei website. The company is in the throes to restructure. Toshiba is all set to report the restructuring costs of around 200 billion yen and it is planning to cut the workforce at its business of consumer electronics, according to the reports.

Toshiba Expected to Record Around 500 Billion Yen of Net Loss

According to Toshiba, they have also sold their image sensor business and handed it to Sony. Toshiba is also forecasting the operating loss of around 200 billion yen this financial year. About 1 year ago, it had the operating profit of around 170 billion yen, according to Nikkei.

https://techiebun.com/wp-content/uploads/2015/12/Toshiba-Expected-to-Record-Around-500-Billion-Yen-of-Net-Loss.jpg https://techiebun.com/wp-content/uploads/2015/12/Toshiba-Expected-to-Record-Around-500-Billion-Yen-of-Net-Loss-150x150.jpg Sachin Saxena Featured News The company which is expanded in huge business sectors, from laptops and notebooks to nuclear power, is in the wake of redeveloping after revealing that it overstated around USD 1.3 billion of earnings in the financial year 2008. Today, Toshiba is all set to forecast the net loss recorded... The tech Mag