Toshiba has announced a new partnership agreement with Compal Electronics, which will see the Taiwanese company take on responsibility for Toshiba’s TV brand licensing in Europe. The move follows Toshiba’s announcement in January that Compal would be its licensing partner in North America (Toshiba is Re-Assessing its US TV Plans).
The company said it is also in negotiations with third parties on TV brand licensing in the ASEAN countries, as part of its ongoing review of its business structure.
The announcement came as Toshiba provided an update on its internal investigation into the company’s accounting practices. The scope of the alleged inappropriate accounting has expanded and now covers 24 cases and the size of its operating profit corrections to ¥54.8 billion ($442.1 million). The investigation originally covered infrastructure projects, and not areas of Toshiba’s business related to consumer electronics, but the scope has been widened to include its semiconductor, personal computer and television businesses.
A third-party panel looking at the accounts of the infrastructure, computer, chip and television businesses is expected to issue a report in mid-July. Toshiba has also delayed releasing its end of year results until all investigations are completed.
