Toshiba has filed its delayed financial results, warning that the company’s survival is at risk. “There are material events and conditions that raise substantial doubt about the company’s ability to continue as a going concern,” the company said in a statement. The electronics-to-construction giant reported a loss of 532bn yen (£3.8bn; $4.8bn) for April to … Read more
Toshiba on Tuesday warned its survival was at risk as the struggling Japanese industrial giant reported a loss of $4.8 billion in long-overdue financial results. One of the country’s best-known firms, Toshiba had twice delayed its earnings and faced the possibility of an embarrassing delisting from the Tokyo stock exchange if it missed the Tuesday … Read more
Toshiba faced a deadline Tuesday to publish a long-overdue earnings report with the loss-hit industrial giant’s shares at risk of being pulled from the Tokyo stock exchange. One of Japan’s best-known firms, Toshiba will reportedly release unaudited nine-month results after missing an original deadline in February and another one in March. The deadline comes as … Read more