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Toshiba President Satoshi Tsunakawa looked grim during a news conference Tuesday.
Business

Earnings release fails to brighten Toshiba's outlook

Full-year results, memory unit sale, fundraising still on to-do list

| Japan

TOKYO --  Toshiba's earnings announcement on Tuesday for the nine months ended December has done little to assuage the doubts of the industrial conglomerate's creditors, as its prospects remain murky.

Satoshi Tsunakawa, Toshiba's president, has asked lenders to decide by Friday whether to roll over syndicated loans to the company that come due later this month. He wants the creditors to take shares in listed Toshiba units as collateral. 

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