Toshiba finds doubtful transactions in unit, to revise past statements

toshiba-finds-doubtful-transactions-in-unit,-to-revise-past-statements

TOKYO: Corp said on Saturday it “could not confirm existence” of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past .

The irregularities, which occurred over multiple years, were uncovered at Toshiba IT-Services , a wholly-owned subsidiary, as a result of an internal probe launched at the end of November, Toshiba said in a statement.

The company has been trying to win back the market’s trust after a 2015 accounting scandal uncovered widespread irregularities at the laptops-to-nuclear conglomerate for years.

Toshiba said it would eliminate some 20 billion yen worth of sales from net sales in its digital


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