Embattled Toshiba Corp. said Tuesday its grave financial situation puts it at risk of not being able to survive as a company.
The reference was made in the earnings report for the April-December period of 2016 that Toshiba submitted the same day without approval from its auditing firm. The troubled company made the unusual move in a desperate bid to avoid postponing it for the third time amid the debacle tied to Westinghouse Electric Co. that has caused it hundreds of billions of yen in losses.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.