Toshiba shares fall on media report of profit padding

Reuters News
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Posted: Jan 03, 2017 7:39 PM

TOKYO (Reuters) - Toshiba shares fell more than five percent on Wednesday after media reported that Japan's security watchdog suspects it of padding profits by 40 billion yen ($339.59 million) over three years.

Asahi Shimbun newspaper reported on Tuesday, when Tokyo markets were closed, that the Securities and Exchange Surveillance Commission would present allegations of profit padding to prosecutors.

(Reporting by Hideyuki Sano; Editing by Stephen Coates)