Last month, the Asahi newspaper reported the auditor was considering issuing an adverse opinion only, a move which could have led to the delisting of the 140-year-old firm.
Raft of new gadgets shows Sony back on track Toshiba chariman to resign amid forecast of Dh23bn writedown That would have reduced its ability to raise money for its cash-hungry memory chip business, risking its competitiveness. PwC said some Westinghouse-related losses booked in the business year through March 2017 should have been recorded in the previous year.
If the losses were booked as per PwC's opinion, Toshiba would have recorded negative net worth - liabilities exceeding assets - for two consecutive years.