Toshiba has attributed to itself almost $ 2 billion of excess profit.

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Toshiba yesterday released a revised financial statement for the fiscal year that ended in late March 2015. As expected, the corporation had to write off some assets, as well as reduce the figures by $ 1.9 billion, Vedomosti reports. Previously, due to problems with financial reporting, many senior managers, including the president, left the company. The new president, Masashi Muromachi, was appointed to his post in July 2015.

Interestingly, the corporation did not write off the Westinghouse nuclear power units, which cost the company $ 5.4 billion in 2006. However, Toshiba had to incur an additional expenditure of 5.5 billion yen. “The decision not to write off Westinghouse’s assets makes the prospect of Toshiba’s nuclear business uncertain. There are questions about lawsuits and possible fines, so investors are unlikely to want to seriously invest in Toshiba shares, even if the quotes are low, "says fund fund manager Shinkin Asset Management Naoki Fujiwara. From the moment the company’s financial results were overstated Toshiba shares fell by 34%.

As previously reported , the company for seven years, inflated profits, with the top managers of the company involved in the fraud. Taking into account the adjustments, the company's previous fiscal year ended with a loss of $ 318 million. Before the scandal, experts predicted a net profit of about $ 1 billion.