Struggling Toshiba returns to black; avoids delisting

Since the Olympus scandal, and the way Michael Woodford was treated, I will never trust the accounting of a Japanese company again. Same goes for Toshiba.

Those books have been cooked alright. Marinated in seven herbs and spices.

"Those books have been cooked alright. Marinated in seven herbs and spices."

You are right and the cook was an American company called Ernst and Young!

Didn't Toshiba sell it's Westinghouse business for about $4 billion which would appear to help it's profit profile.

Also the Westinghouse deal to Bain seems like happening which is apparently worth $18+ billion.

So no surprises re returning to Black.

What a lie. Do anything, say anything to save face in the world.

Creative accounting and auditing, the speciality of the big four.

Better concentrate on the nuclear power plant decommission business, that's potentially their biggest market.

Saved a little bit of money by cutting their sponsorship of Sunday night's Sazae-san cartoon too.

@ yakyak

What a lie. Do anything, say anything to save face in the world.

Based on what knowledge? Enlighten this forum with your inside expertise :)