Tanaka and Sasaki pressured business divisions to meet difficult targets and knew they were overstating profits and delaying the reporting of losses, amid a culture of not going against the wishes of superiors, the report said.Koichi Ueda, an attorney and head of the panel, said he was surprised by what they had found."That a company that represents Japan, to be doing something like this institutionally, was shocking," he told reporters on Tuesday.Tanaka did not dispute the findings, but said he had no intention of encouraging accounting irregularities. http://www.in.com/news/business/toshiba-ceo-quits-over-accounting-scandal-53216962-in-1.html.
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Can you say "watered down inventory". Wait till Follett needs to take the markdowns. Better transfer them to wholesale so the retail division remains marginal.