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Toshiba Corp. to book $6.3 billion U.S. nuclear write-down

Staff Writer |
Toshiba said it would book a $6.3 billion write-down on its nuclear business due to cost overruns at ongoing U.S. projects.

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Toshiba also said it expects an operating loss of Y544.7 billion ($4.8 billion) during the nine-month period due to the impairment charge.

Toshiba was scheduled to announce April-December earnings on Tuesday, but delayed the release to conduct internal checks for possible inappropriate influence by management on accounting with respect to the U.S. nuclear subsidiary, Westinghouse Electric Co.

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