8 Worst Corporate Scandals in Japan

5. Toshiba Corporation

$1.2 billion

Toshiba announced having financial problems in April this year and immediately changed up the management of the company. After this announcement, Toshiba faced the falling of shares and caused the trouble to many shareholders and clients. The chief executive Hisao Tanaka resigned in July after it is found that the company overstated its profits by $1.2 billion over the past several years. It was an embarrassing scandal for Toshiba, one of the most well-respected companies in Japan and a worldwide respected brand.

Ditty_about_summer/Shutterstock.com 8 Worst Corporate Scandals In Japan

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