Toshiba to hold press conference over WH impairment
Apology for concealing huge losses
Toshiba Corp President and CEO Masashi Muromachi attends a press conference at the company headquarters on November 27, 2015, Tokyo, Japan. Toshiba announced an accumulated 290 million USD operating loss from its nuclear business subsidiary Westinghouse Electric Co. since 2006, the year that it acquired the American company. Japanese magazine Nikkei Business had reported earlier this month that Toshiba had never disclosed the performance of Westinghouse, prompting this announcement. (Photo by Rodrigo Reyes Marin/AFLO)