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Toshiba to meet bankers on Wednesday after detailing loss
February 14, 2017 / 10:43 AM / 8 months ago

Toshiba to meet bankers on Wednesday after detailing loss

TOKYO (Reuters) - Toshiba Corp executives will meet with the company’s bankers on Wednesday, after the conglomerate said it would book a $6.3 billion (5 billion pound) writedown on its U.S. nuclear business, chief financial officer Masayoshi Hirata said.

Reporters raise their hands for a question during a news conference by Toshiba Corp CEO Satoshi Tsunakawa and other senior sompany officials at the company's headquarters in Tokyo, Japan February 14, 2017. REUTERS/Toru Hanai

Toshiba is also considering all options for its NAND flash memory unit as it tries to raise cash, including a complete sale, CEO Satoshi Tsunakawa said at the same briefing.

Reporting by Taiga Uranaka; Editing by Edwina Gibbs

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