Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business Toshiba to reduce capital to partly cover losses May 22, 2016 02:00 JST | Japan
Toshiba plans to reduce its capital by 200 billion yen ($1.81 billion) to offset some of its accumulated losses. As of the end of March, the company was more than 470 billion yen in the red.
Toshiba's ulterior motive in covering part of its losses with a capital reduction is to be able to legally pay dividends.
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