This week in Japan: 2015/12/19-25

投稿者: | 2015年12月25日

– Major electrical products manufacturer Toshiba announced that this year’s net deficit was expected to soar to 0.55 trillion yen. Toshiba is being revealed to have window-dressed their accounts years long under being connived by its accountant office. Since its window-dressing being revealed, the authority decided to impose a heavy penalty on the accountant office, and Toshiba is forced to make a plan to cut its cost drastically, including surrendering its business for manufacturing home appliances totally, that has been symbolic in the history of the company.