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Toshiba undergoing management restructuring Announcement of Business Plan for FY2004
Toshiba Corp. President and CEO Masashi Muromachi speaks during a news conference at the company headquarters on March 18, 2016, Tokyo, Japan. Toshiba said that it expected to return to profitability in the next fiscal year starting in April. Muromachi announced restructuring and business consolidation measures that would lead to 40 billion Yen in group net profit for 2016 (approx. $360 million) after an accounting scandal that led to 710 billion Yen projected losses for 2015. As part of the business consolidation measures it will sell its medical equipment unit to Canon Inc. and home-appliances business to China's Midea Group Co. (Photo by Rodrigo Reyes Marin/AFLO)
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33260392
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18-03-2016
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