FIRST AIRED: January 27, 2017

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Transcript

00:00:01
>> Big problems call for big decisions and they say analysts could be the first of many for Toshiba.>> We decided on today's board meeting that on March 31st of this year we are going to spin off our memory chip business. Less than 20% will be sold initially of what for Toshiba accounts for 75% of its profits, a move made imperative by the need to raise funds for a big bill, $6 billion of charges expected for cost overruns at its U.S. power plant construction business.
00:00:31
That, too, the subject of this announcement. We have decided to make our nuclear business independent from energy system solutions and bring it directly under control of the president.>> Without the funds the charge could wipe out Toshibas shareholder equity. Even with them, it still faces tough choices. Reportedly, it wants 1.7 billion dollars from this sale.
00:00:54
More sales could be needed later on for a Japanese conglomerate still batted from a 2015 accounting scandal.>>
FOREIGN]
00:01:16
That announcement expected on February the 14th.>>