• Kyodo

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Toshiba Corp. has sought financial assistance from the state-owned Development Bank of Japan as it expects an asset impairment loss of up to ¥700 billion ($6.17 billion) from its U.S. nuclear business, sources said Thursday.

With such a huge loss, Toshiba would face the risk of falling into a capital deficit, the sources said, adding the company will also seek to secure funds by spinning off its mainstay flash memory business and selling assets.

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