Hisao Tanaka

Regulators to seek penalty on Toshiba for false accounting: Nikkei

Japan's financial watchdog plans to seek a financial penalty on Toshiba Corp, currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday.

Toshiba CEO to step down in September: Report

Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said.