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Fictitious transaction of Toshiba subsidiary over 43.5 billion yen in 5 years

2020-02-14T08:34:48.330Z

Toshiba announced the results of a fictitious transaction conducted at a subsidiary, and in the five years up to this year, 26 cases, sales of over 43.5 billion yen ...



Fictitious transaction of Toshiba subsidiary 53.5 billion yen in 5 years February 14 17:11

Toshiba announced the results of a fictitious transaction conducted at a subsidiary and revealed that the company had sold 26 cases and sales of more than 43.5 billion yen over the past five years.

According to the announcement, Toshiba's subsidiary, Toshiba IT Services, conducted fictitious transactions with multiple business partners. Fictitious transactions totaled 26 cases over the past five years, totaling more than 43.5 billion yen, of which Toshiba canceled sales of 21.5 billion yen, which affected the financial results of this year.

On the other hand, the fictitious transaction was led by a business partner's sales representative, and there was no evidence that Toshiba IT Services recognized that it was a fictitious transaction. Fuji Electric and a subsidiary of Nippon Steel are also involved in the transaction, and an IT company Net One Systems revealed on March 13 that a former employee who was in charge of sales led the transaction.

Toshiba's Managing Director Masayasu Toyohara said at a press conference, "I'm sorry for the inconvenience and concerns of our shareholders and stakeholders.

Toshiba is aiming to return from the second section of the Tokyo Stock Exchange to the first section by restructuring its operations. I want to apply for a return. "

Source: nhk

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