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Toshiba accounting errors may be over $800 million - source| Reuters

Jul 04, 2015    

TOKYO Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an ongoing investigation into past accounting practices found more irregularities, a source familiar with the matter said on Saturday.The Nikkei business daily reported earlier on Saturday the newly discovered errors, related to computer parts procurement, could see an earnings mark down of around 150 billion yen.Company officials were not immediately available for comment. The industrial conglomerate has not been able to close its books for the year that end...

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