Toshiba has lurched from scandals and losses to a $20-billion buyout offer AFP/Kazuhiro NOGITOKYO: Once a shining symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years, facing scandals and losses before staging a recovery.
Despite this, the group suffers a record net loss of around US$4.4 billion for the 2015/16 financial year. The conglomerate posts a net loss of US$8.8 billion in 2016/17 as it faces the humiliating threat of being delisted from the Tokyo Stock Exchange. But the group faces pressure from activist shareholders who want to see faster growth and a clearer long-term strategy.
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