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Toshiba shares fall on media report of profit padding
January 4, 2017 / 12:38 AM / a year ago

Toshiba shares fall on media report of profit padding

TOKYO, Jan 4 (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. ($1 = 117.7900 yen) (Reporting by Hideyuki Sano; Editing by Stephen Coates)

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