Blowback from Going Nuclear: Massive Goodwill Impairment Looms at Toshiba

On December 27, 2016 Toshiba Corporation announced the possibility of a goodwill impairment charge related to its U.S. nuclear power plant construction business, which was acquired for $229 million in late 2015 by Toshiba’s Westinghouse Electric Company subsidiary.  Karolina Calhoun, senior financial analyst with Mercer Capital, describes that both the buyer and target have been plagued by financial difficulties (and goodwill impairment charges) since that time.

To read the full article in Mercer Capital’s Financial Reporting Blog, click: Blowback from Going Nuclear: Massive Goodwill Impairment Looms at Toshiba.

This article is republished from Mercer Capital’s Financial Reporting Blog.  It is reprinted with permission.  To subscribe to the blog, visit: http://mercercapital.com/category/financialreportingblog/.