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.
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In This Story: Japan
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.