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Toshiba announced the sale of some assets to improve financial predicament

Toshiba July 22 announced the sale of 4.6% stake held by the world's largest elevator manufacturer Kone, Finland (Kone) of approximately 860 million euros, in order to improve the financial situation.

A day earlier, Toshiba president Hisao Tanaka officially announced his resignation, the Vice Chairman Norio Sasaki and Toshiba former president and current director of consultant Nishida also resign. Toshiba is currently 16-man board, eight people resign. Toshiba 22 announced in mid-August announcement of the new list management, efforts to restore credibility as soon as possible.

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In February, Japan's financial regulator warned potential accounting irregularities Toshiba Corporation, Toshiba then appoint an independent investigation team to investigate financial problems. In early May, Toshiba said the project cost due to improper accounting practices, especially the impact of power system business, you may need to 2009-2013 fiscal year profit down 54.8 billion yen (about 440 million US dollars), but also announced the cancellation of 2014 fiscal year earnings release.

However, third-party research report released this week showed the Commission a Toshiba false profits in recent years, up to 151.8 billion yen (about 1.22 billion US dollars), far higher than the company had expected. It is reported that Toshiba will announce fiscal 2014 earnings on August 31, September 14 announced the 2015 fiscal first quarter earnings.