Japan’s Toshiba under threat after $4.8bn loss

Japan’s Toshiba under threat after $4.8bn loss

The survival of Japanese conglomerate Toshiba is under threat after it posted a loss of $4.8bn for most of last year.

The electronics and construction conglomerate has also warned it may lose more than $8bn this year.

This follows the bankruptcy of Toshiba’s US-based nuclear-reactor subsidiary.

The company may be removed from trading on the Tokyo stock exchange because its auditors have not approved the earnings’ report.

Al Jazeera’s Tom Ackerman reports.

– Subscribe to our channel: http://aje.io/AJSubscribe
– Follow us on Twitter: https://twitter.com/AJEnglish
– Find us on Facebook: https://www.facebook.com/aljazeera
– Check our website: http://www.aljazeera.com/

In This Story: Japan

Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

4 Recent Items: Japan

  • Asian nations struggle to contain highly infectious Delta strain | The World
  • Olympic gymnast Simone Biles praised for mental health stance
  • Tokyo Olympics: S Korea team brings own meals over radiation fears
  • When Will the Covid-19 Pandemic End?
  • Leave a Comment