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.

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