Toshiba – one of the best-known names in electronics – is in crisis, saying its very survival is in doubt.
The Japanese conglomerate's latest results reveal much bigger than previously estimated losses for the nine months through to the end of last year.
Toshiba risks its share being delisted from the Tokyo Stock Exchange and its auditor, PricewaterhouseCoopers Aarata, has refused to approved those results because of concerns over billions in losses at its US nuclear power plant subsidiary Westinghouse Electric.
