Toshiba has filed its delayed financial results, warning that the company's survival is at risk. These latest financial results have already been delayed twice and raise the possibility that Toshiba could be delisted from the Tokyo Stock Exchange. The loss reported is for the first nine months of Toshiba's financial year, covering April to December 2016. Toshiba's share price falls by more than 40% over three daysJan 2017: Toshiba says the unit that makes memory chips for smartphones and computers - NAND - will be split off so it can sell a slice to raise fundsFeb 2017: Toshiba delays reporting its Q3 earnings (Oct-Dec 2016). Toshiba finally puts out its Q3 results, without the stamp of approval from its auditors, with a warning that its future may be in jeopardy

Source: The Star April 11, 2017 13:18 UTC