Toshiba has warned its very survival is at risk while releasing twice-delayed financial results showing huge losses that its auditors were unable to approve.
The crisis-hit firm said: “There are events and circumstances that may bring about significant questions about the idea of (carrying on) as a going concern,” in a Japanese language statement accompanying the unaudited figures.
They showed a loss of 532.5bn yen (£3.9bn) in the nine months to December 2016 and suggested annual losses to the end of March were on track to come in at 1.1tn yen (£8bn).
The company, a colossus of corporate Japan with 188,000 employees globally, had been threatened with expulsion from the Tokyo Stock Exchange unless it met the extended deadline of Tuesday to file its accounts.
Source: Toshiba warns its survival is at risk as financial losses mount
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