Toshiba investigation into his account and falling stock market – Boursorama

Toshiba shares fell nearly 5% on the Tokyo Stock Exchange after the announcement of the opening of an audit of its accounts.

The action Toshiba has lost nearly 5% on the Tokyo Stock Exchange after the announcement of the opening of an audit of its accounts. (AFP / File /)

The bad news is rarely compatible with the Exchange. Toshiba has paid the price after Friday night possible irregularities in its results for the 2013-2014 year. This Monday, April 6, the title lost nearly 4.87% in Tokyo at 487.4 yen. In the early morning, the share had plunged 9% to 466.3 yen.

The Japanese group suspected of inadequate consideration of infrastructure projects for its accounts in April 2013 to March 2014 and has set up a special audit committee to take the case to clear. Mandated specialists will “consider whether the accounting method used percentage of completion was appropriate or not, and provide recommendations to improve the prevention of errors and prevent their recurrence,” said Toshiba in a statement.

Apologizing to its shareholders, the company has still not provided more details on these doubts concerned or the nature of hypothetical inaccuracies, intentional or not.

2013-2014 Toshiba announced a consolidated net profit of 50.8 billion yen ($ 391 million at current prices), and a net profit of 58.7 billion for the single parent, for respective turnovers of 6502 , 5 and 3,294.5 billion yen. A review of these results could have an impact on those of 2014-2015, which will be announced in late April or early May.