Electronics manufacturer Toshiba will leave one of the most important stock indices of Japan - Nikkei 225. The company's location will be occupied by Epson.
The Nikkei 225 index is calculated as a simple arithmetic average of the stock prices of the 225 most actively traded companies of the first section of the Tokyo Stock Exchange. The index was first published on September 7, 1950 under the name TSE Adjusted Stock Price Average.
Toshiba has always been a part of this index. However, in June 2017, the Tokyo Stock Exchange warned that the company's shares would be transferred to a lower category due to negative share capital, which became so after the huge losses in the US nuclear business.
On August 1, 2017, Toshiba securities will leave Nikkei 225, giving way to Epson shares, which on Monday, July 10, rose by almost 1%.
As a result of the 12-month period ended March 31, 2017, Toshiba's net loss was a record 950 billion yen (8.4 billion dollars), compared to 460 billion yen (4.1 billion dollars) in cash losses a year earlier.
In the current fiscal year, Toshiba forecasts a net profit of 50 billion yen ($ 440 million). This figure does not include the estimated revenues from the planned sale of the semiconductor business and the controlled Swiss manufacturer of Landis + Gyr counters. Due to these assets Toshiba expects to get out of the financial crisis.