The long-running crisis at Japan's Toshiba
newscatcher
2023-03-26 08:31
The long-running crisis at Japan's Toshiba
TOKYO – Toshiba Corp's board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial Partners (JIP), ending months of speculation over whether the investors would be able to take it private. The deal would potentially draw a line under the Japanese conglomerate's recent troubled history. Here is a timeline of Toshiba‘ woes since 2015. 2015 – Toshiba discloses accounting malpractices across multiple divisions, which involved top management. It overstated pretax profit by 230 billion yen ($1.

https://business.inquirer.net/393141/the-long-running-crisis-at-japans-toshiba

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