Toshiba is set to be dropped from Japan's Nikkei 225 index
Toshiba will be dropped from Japan's list of top 225 companies
Published: 10th July 2017 | Source: PCR Online |
Toshiba is set to be dropped from Japan's Nikkei 225 index amid financial issues
On August 8th Toshiba will be removed from Japan's Nikkei 225 share index, which lists the country's top 225 companies. This is the first time that Toshiba has been removed from the index since its creation in 1950, with Toshiba being replaced with Seiko Epson, who is famous for creating watches and printers.
Toshiba's legal battle with Western Digital could be resolved as soon as July 14th, which may allow Toshiba to finally sell a partial stake in Toshiba's memory division. If this fails Toshiba will need to find another way to raise the $18 billion that they require to pay off their huge debts.