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Toshiba may book big loss on US nuclear acquisition, shares plunge

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan, November 6, 2015.

Toshiba Corp (6502.T) said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12 percent.

Toshiba did not specify a figure in its statement. Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen ($850 million to $4.3 billion)

Such a loss would deal another heavy blow to a sprawling conglomerate hoping to recover from a $1.3 billion accounting scandal as well as a writedown of more than $2 billion for its nuclear business in the last financial year.

Toshiba said a board meeting would...


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