Toshiba warns over survival as it reports delayed results

AFP

© AFP/File | Toshiba warned its survival was at risk as the troubled Japanese industrial giant reported a loss of $4.8 billion in long-overdue financial results

TOKYO (AFP) – Toshiba on Tuesday warned its survival was at risk as the troubled Japanese industrial giant reported a loss of $4.8 billion in long-overdue financial results.”There are events and circumstances that may bring about significant questions about the idea of (carrying on) as a going concern,” it said in a Japanese language statement released with unaudited financial results, which showed it lost 532.5 billion yen in April-December. The firm unveiled the figures to meet a deadline set by market regulators after two previous delays.

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One Response to “Toshiba warns over survival as it reports delayed results”

  1. daveyone1 Says:

    Reblogged this on World Peace Forum.

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