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February 12,
2015
Received a report order from the Securities and Exchange
Surveillance Commission
Late March
Identified matters requiring investigation in relation to
accounting pertaining to the percentage-of-completion method
for certain infrastructure projects undertaken by the Company
April 3 Established the Special Investigation Committee
May 8 Established the Independent Investigation Committee
July 20 Received the Investigation Report from the Independent
Investigation Committee
September 7 Made corrections to the financial statements for FY2009 to
FY2013
Inappropriate Accounting Issues and the
Correction of Past Financial Results
Toshiba expresses sincere apologies to all shareholders for any inconvenience or concerns caused by
the inappropriate accounting issue.
The following report covers the sequence of events thus far, an outline of the accounting
treatments subject to correction, the action taken to clarify managerial responsibility, and the status
of action taken on matters such as the new management team, governance structure and recurrence
prevention measures, based on the matters that the Company had identied or decided by the time
of the Extraordinary General Meeting of Shareholders held on September 30, 2015.
Any further disclosures of new information on this issue will be posted on the Toshiba website in
a timely manner.
1. Sequence of events
The Company received a report order under Article 26 of the Financial Instruments and Exchange Act from the Securities and
Exchange Surveillance Commission on February 12, 2015, and was subject to a disclosure statements inspection in relation to
matters such as the percentage-of-completion accounting method.
Subsequently, in a self-led investigation conducted by the Company in response to matters pointed out during the
disclosure statements inspection regarding the percentage-of-completion accounting method, the Company identied matters
requiring investigation in relation to accounting for scal 2013 pertaining to the percentage-of-completion method for certain
infrastructure projects undertaken by the Company, and on April 3, 2015, the Company established a Special Investigation
Committee comprising internal committee members from the Company as well as an outside attorney-at-law and public certied
accountant, and conducted a self-led investigation into the relevant facts. The Special Investigation Committee identified
05 TOSHIBA Annual Report 2015