Inactive Instrument

Toshiba

Equities

6502

JP3592200004

Japan finance minister: No comment on reports Westinghouse to file Chapter 11

March 28, 2017 at 05:44 am IST

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday he did not want to comment on media reports that Toshiba Corp's U.S nuclear unit, Westinghouse, will file for Chapter 11 bankruptcy protection.

Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday, a source with direct knowledge of the matter told Reuters, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.

(Reporting by Stanley White; Editing by Chang-Ran Kim)

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Company Profile

Toshiba Corp is a Japan-based company mainly engaged in energy system solutions business and other businesses. The Company operates in six business segments. The Energy System Solutions segment provides thermal power generation systems, nuclear power generation systems and hydroelectric power generation systems. The Infrastructure System Solutions segment provides water and sewage systems, broadcasting systems, radio equipment, environmental systems, road systems, transportation equipment, and battery systems. The Retail & Printing Solutions segment provides point-of-sale (POS) systems, multifunction devices. The Storage & Device Solutions segment provides power devices, small signal devices, optical semiconductors, mixed signal integrated circuits (ICs), hard disk drives (HDDs), semiconductor manufacturing equipment. The Industrial ICT Solutions segment provides information technology (IT) solution services. The Others segment provides logistics services.

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