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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Toshiba : finds doubtful transactions in unit, to revise past statements

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01/17/2020 | 10:23pm EST
A shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba

Toshiba Corp said on Saturday it "could not confirm existence" of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past financial statements.

The irregularities, which occurred over multiple years, were uncovered at Toshiba IT-Services Corporation, a wholly-owned subsidiary, as a result of an internal probe launched at the end of November, Toshiba said in a statement.

The company has been trying to win back the market's trust after a 2015 accounting scandal uncovered widespread irregularities at the laptops-to-nuclear conglomerate for years.

Toshiba said it would eliminate some 20 billion yen worth of sales from net sales in its digital solution segment of its financial statements of the third quarter of the fiscal year that started on April 1, 2019.

It warned that the final impact on profit and revenue are subject to further investigation.

(Reporting by Antoni Slodkowski; Editing by Muralikumar Anantharaman)

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Financials (JPY)
Sales 2020 3 442 B
EBIT 2020 135 B
Net income 2020 -117 395 M
Finance 2020 389 B
Yield 2020 0,96%
P/E ratio 2020 -13,1x
P/E ratio 2021 13,6x
EV / Sales2020 0,32x
EV / Sales2021 0,28x
Capitalization 1 474 B
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 3 756,00  JPY
Last Close Price 3 250,00  JPY
Spread / Highest target 41,8%
Spread / Average Target 15,6%
Spread / Lowest Target -4,62%
EPS Revisions
Managers
NameTitle
Nobuaki Kurumatani Executive Chairman & Chief Executive Officer
Satoshi Tsunakawa President, Chief Operating Officer & Director
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Hiroshi Yamamoto Chief Technology Officer
Keiichi Yumita Chief Information Officer
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