|
The
laptops-to-nuclear conglomerate said it had overstated past
profits by 5.8 billion yen ($51.30 million) on a pretax basis
due to seven new accounting errors, on top of the 224.8 billion
in overstated profits it has already announced.
Toshiba said the company had treated the additional errors as
losses in financial reports for two quarters through December,
but had not publicly announced them because the amount was below
the threshold requiring regulatory disclosure.
The company "lacked awareness for appropriate disclosure", a
Toshiba spokeswoman said.
Fixing responsibilities for the latest errors, Toshiba said it
had "punished" 40 more employees, in addition to 26 which it
said previously had been punished. The company has not specified
what form the punishment has taken.
Toshiba also said it would aim to bolster internal controls by
hiring a permanent auditor who will oversee its accounts to
ensure the company complies with regulations.
Toshiba "will make a united effort to improve internal control
and corporate culture," it said in a statement.
The conglomerate also announced it will unveil on Friday its
business strategy for the next fiscal year, which, analysts say,
will include plans to boost its finances with the sale of
business units.
In the wake of the book-keeping scandal in which Toshiba
overstated profits from around 2009, Chief Executive Masashi
Muromachi has announced more than 10,000 job cuts and plans to
sell its loss-making laptops and home appliances businesses.
Toshiba last week said it granted Canon Inc exclusive
negotiating rights to buy its medical equipment unit after a
hotly contested auction, and one source with knowledge of the
talks put Canon's offer at more than $6 billion.
Funds from the deal will help Toshiba drop earlier plans to seek
about $1.8 billion in additional loans from Sumitomo Mitsui
Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank,
sources familiar with the situation said on Tuesday.
The deadline for finalizing a deal is Friday.
(Reporting by Makiko Yamazaki, Kentaro Hamada and Taro Fuse;
Editing by Chang-Ran Kim and Muralikumar Anantharaman)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
