Toshiba Partners Brace for Possible Bankruptcy Filing - News Summed Up

Toshiba Partners Brace for Possible Bankruptcy Filing


TOKYO—Toshiba Corp.’s business partners are preparing for a scenario in which the company seeks to reorganize under Japanese bankruptcy laws, with consequences for the global nuclear-power and electronics industries. Toshiba last month expressed “substantial doubt” about its “ability to continue as a going concern.” The company said it expected to record a net loss of some ¥1 trillion ($8.83 billion) for the year ended March 2017...


Source: Wall Street Journal May 09, 2017 08:48 UTC



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