Toshiba Corp applies for return to first section at Tokyo Stock Exchange

On Friday, Japan’s Toshiba Corp stated, it has filed an application to return to the Tokyo Stock Exchange’s first section.

In 2017, Toshiba was relegated to the second section following a massive writedowns at its U.S. nuclear power business after posting liabilities that exceeded its assets. This condition triggers an automatic demotion.

Although previously, the Tokyo Stock Exchange had required that companies that have been demoted would have required at least five consecutive years of audited financial reporting to return to the first section, that requirement was reduced to two year earlier this year.



Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: