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Toshiba wins unusual auditor sign-off, staves off delisting

Reuters  |  TOKYO 

By Makiko YamazakiTOKYO (Reuters) - Cash-strapped Toshiba Corp has staved off delisting after its accounting won auditor approval, albeit with a stern rebuke, leaving its listed status largely dependent on whether it can complete the stalled sale of its chip business by March.The Japanese conglomerate, as a listed entity, was required to file last year's finances by June, but delayed due to disagreements with its auditor about multi-billion dollar losses at now-bankrupt U.S. nuclear power subsidiary Westinghouse."It's cleared the first hurdle," said Makoto Kikuchi, chief executive at Myojo ...

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First Published: Thu, August 10 2017. 19:07 IST