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Toshiba expresses doubt about its survival for the first time due to significant losses incurred by its U.S. nuclear subsidiary, Westinghouse Electric Co., which recently filed for bankruptcy. The accounting scandal in 2015 and subsequent cost overruns at U.S. nuclear projects have severely impacted Toshiba's financial position. The company warns of a substantial net loss for the fiscal year and reports its delayed earnings without the approval of its auditor.
Monday, 10 April, 2017