Toshiba’s continuing struggle to stave off bankruptcy

Author: Imazawa Makoto

Categories: In-Depth with Nippon.com

Toshiba was one of Japan’s best-known electronics and machinery companies, with operations all over the world. But in addition to accounting irregularities that came to light two years ago, the company’s sudden December 2016 announcement of huge losses has left its reputation in tatters. The company is in danger of being delisted from the Tokyo Stock Exchange and its plunge into negative net worth puts it at risk of bankruptcy.

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