The claim described an earlier position that has since changed.
Press reports in July 2015 said an independent committee found Toshiba had overstated profits by JPY 151.8 billion between 2008 and 2014.
- About
- Toshiba Corporation
- Claim made by
- The Christian Science Monitor, press report
- Published
- 21 July 2015
- Evidence score
- 83 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The Monitor reported the committee figure of JPY 151.8 billion and the president's resignationS1. That was the committee's estimate at the time. By September 2015 the Tokyo Stock Exchange stated that pretax income from continuing operations had been overstated by JPY 224.8 billion and net income by JPY 155.2 billionS2. The total figure grew after the committee report as Toshiba restated its accounts. We did not read the committee report itself, which is a company-commissioned document.
Current procedural position
Committee report published in July 2015S1. Restated figures cited by the Tokyo Stock Exchange on 15 September 2015S2. Final.
Record supporting the assessment
overstated by JPY 224.8 billion and by JPY 155.2 billion respectively
I apologize from my heart to all our stakeholders.
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 83 of 100
The score grades how well the record establishes this assessment. It is not a score of Toshiba Corporation. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 25 | 30 | The exchange notice is an official record of the restated amounts. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 17 | 20 | It states the overstatement amounts directly. |
| CorroborationDo independent records support the same material point? | 10 | 15 | The SESC recommendation and the FSA order rest on the same false statements, but do not restate the total. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 13 | 15 | The restatement and penalties are final. |
| CurrencyHas the record been checked against later developments? | 9 | 10 | A search found no 2025 or 2026 change to these figures. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 9 | 10 | The exchange notice and press report are public. |
| Total | 83 | 100 |
Timeline
Related cases
- Tokyo Stock Exchange and Toshiba CorporationTokyo Stock Exchange. Regulatory. Not published.Stage: Designation and penalty imposed.
- Security on Alert designation and JPY 91.2 million listing agreement violation penaltyS2
Responses
- Toshiba Corporation, then president, 21 July 2015: The then president apologised to stakeholders at a news conference and stepped down.S1
Revision history
- Assessment first published with label Outdated.
Have a record that changes this assessment? See corrections and responses.
Sources
- S2Tier A Designation of Security on Alert and Imposition of Listing Agreement Violation Penalty -TOSHIBA CORPORATION-Japan Exchange Group, Tokyo Stock Exchange. Regulator order. 15 September 2015.Supports the designation, the JPY 91.2 million penalty and the restated overstatement amounts. It does not cover the FSA penalty.Link working, checked 25 October 2026
- S1Tier C How did Toshiba get away with padding profits for 6 years?The Christian Science Monitor. Press report. 21 July 2015.Article by Michelle Toh reporting the committee's JPY 151.8 billion figure and the resignations. The committee report itself was not read.Link working, checked 25 October 2026
Other claims about Toshiba Corporation
- Supported94Japan's Financial Services Agency ordered Toshiba in December 2015 to pay an administrative penalty of more than JPY 7.3 billion for false statements in its securities reports.Regulator statement, 6 January 20163 records citedAccounting
- Opinion65Toshiba said on its delisting in December 2023 that it would take a major step toward a new future with a new shareholder.Company statement, 20 December 20232 records citedCorporate status