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Toshiba to review overseas nuclear power business www3.nhk.or.jp
Struggling Japanese electronics giant Toshiba says it will review its overseas nuclear power business. Its loss in the US is reported to be more than several billion dollars.
President Satoshi Tsunakawa told reporters on Friday that the company will reconsider its plan to accept new orders for more than 45 nuclear reactors by fiscal 2030.
Toshiba said its massive losses in the US were due to construction costs for 4 reactors. The equipment and material costs ballooned to meet stricter safety standards following the Fukushima crisis.
Company officials said they are considering an end to accepting new construction orders for reactors. Instead, they are thinking of only taking orders for the delivery of equipment for reactors.
Toshiba is expected to include this revision in its business plan. The company will reveal it together with its earnings report on February 14.
Published Date:2017-01-30
