ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Toshiba keeps fighting, but its future looks grim

Embattled giant fails audit as it prepares to sell its memory chip division

Toshiba President Satoshi Tsunakawa at a press conference in Tokyo on April 11 (Photo by Nozomu Ogawa)

TOKYO Toshiba's problems just won't go away. The company failed to get its auditor's approval of a delayed earnings report. The sale of its prized memory chip business is faltering. And wary creditors are casting doubt over future funding. It's definitely not a pretty picture, and if the electronics giant can't turn things around quickly, its troubles could multiply.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more