Toshiba books $2.3 billion impairment charge in FY2015 on nuclear business

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Reuters TOKYO
Last Updated : Apr 26 2016 | 10:48 AM IST

TOKYO (Reuters) - Japan's Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen ($2.34 billion) for the past fiscal year on the nuclear business, a much-anticipated move to address lingering doubts over its book-keeping.

Toshiba, however, raised its earnings estimates for the year ended in March as it booked a pretax profit of 590 billion yen from the sale of a medical equipment division to Canon Inc.

It now forecasts a group net loss of 470 billion yen, smaller than a 710 billion yen loss estimated earlier.

($1 = 110.9900 yen)

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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First Published: Apr 26 2016 | 10:32 AM IST

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