Almost every one of Toshiba’s business have been impacted by last year’s corruption scandal, now the Company has warned that their annual operating loss could top A$8 Billion dollars, they have also said that they are getting “right out” of consumer electronics.
What is not known at this stage is whether this means they will exit the PC market altogether.
In Australia the Company is sacking staff, getting out of the consumer PC market and very soon they will lose control of their medical equipment business to Canon.
Their latest write-down comes after Toshiba wrote down the value of its stake in US nuclear unit Westinghouse in the wake of the $1.3bn accounting scandal.