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President Satoshi Tsunakawa
Business

Toshiba teeters on brink of delisting

Earnings report delay, TSE demotion pile onto embattled company's woes

| Japan

TOKYO -- With Toshiba's fiscal 2016 results delayed yet again and its shares headed to the Tokyo Stock Exchange's second section, the embattled conglomerate's listing now hangs in the balance.

Toshiba has reeled from an accounting scandal in 2015, as well as massive losses at a U.S. nuclear unit that came to light late last year. In the latest embarrassment, the company has postponed until Aug. 10 its annual securities report for the year ended in March.

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