Boosting capital to ¥800 bil.

Jiji Press TOKYO (Jiji Press) — Toshiba Corp. is considering boosting its capital by ¥600 billion to ¥800 billion in case it fails to complete the planned sale of its flash memory unit by the end of next March, informed sources said Friday.

The struggling company is consulting with brokerage firms and others about some options, including a share issuance under a third-party allotment scheme, the sources said.

Unless the sale of Toshiba Memory Corp. is completed, Toshiba is projected to suffer a negative net worth of ¥750 billion at the end of fiscal 2017 next March.Speech

Click to play


+ -

Generating speech. Please wait...

Become a Premium Member to use this service.

Become a Premium Member to use this service.

Offline error: please try again.