ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
 (placeholder image)
  © Reuters
Toshiba in turmoil

Toshiba stock plunges 13% to 10-month low

Investors doubtful over unclear revival plan

KENTARO IWAMOTO, Nikkei staff writer | Japan

TOKYO -- Toshiba's stock started 12% down on Wednesday after the company announced huge losses the day before. The price further declined in morning trade, marking a 10-month low at 199.2 yen, or 13% down from Tuesday and the lowest point since April 2016.

Tuesday's earnings announcement came after the market closed. Toshiba booked a 712.5 billion yen ($6.3 billion) impairment loss on its nuclear business for the October-December quarter, which severely dented its shareholders' equity to negative 191.2 billion yen as of the end of December.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more