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Toshiba Share Price Once Slumps Over 26%
The share price of Toshiba has nosedived as Japanese press reported that Toshiba will have to make an impairment which would cost JPY500 billion-700 billion (US$4.37 billion-6.11 billion) for the acquisition by its subsidiary Westinghouse Electric over the US nuclear business. Some report said Toshiba will have to sell off its business and assets. Toshiba issued a statement that the amount of impairment loss is still estimating.
The share price of Toshiba once plunged by 26.5% to JPY212; it last stood at JPY233.6, down 19%, on a turnover of over JPY139 billion (US$1.21 billion).

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