Thursday, December 29, 2016

Hard after the Toshiba purchase in the united states – Today’s Industry

The japanese elektronikbolaget Toshiba confirmed on Tuesday plans for a miljardnedskrivning in their u.s. activities. Toshiba’s share price plunged by 12 percent on the tokyo stock exchange.

Toshiba battled for a little more than a year ago by a large revisionsskandal, which cost the company 12 billion Swedish kronor.

Last year, forced the japanese teknikjätten also make write-downs of over sek 18 billion for the business which focuses on nuclear power.

Previously known losses are now at risk to grow with a vengeance. The business in question is operated by its subsidiary Westinghouse Electric, which, among other things, build nuclear power plants in the united states-the state of Georgia. The company completed in January the acquisition of branschkollegan CB&Stone & Webster. In the wake of the deal to have the owner Toshiba now detected problems.

How to make large write-downs, as expected, is still unknown, but Toshibachefen Satoshi Tsunakawa has been talked about hundreds of billions of yen, round turns twenty billion Swedish kronor.

More details are expected in the company’s quarterly report in February.

Tuesday’s turmoil is particularly unwelcome for Toshiba, who have tried to steer away from tvs and computers to nuclear power and semiconductors. The latter business has experienced a boost thanks to increased demand from the chinese mobiltelefonförsäljare.

Nuclear power as energy source has, however, struggled in the headwind after the disaster in Fukushima 2011. On Tuesday caused the field to Toshiba’s market capitalization decreased by sek 15 billion.

Toshiba’s share has been a good year after last year’s decline. Even after Tuesday’s race sums up the Toshiba to an increase of 56.7 per cent in 2016.

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