TOKYO -- Toshiba is considering boosting its capital by 600 billion yen ($5.3 billion) to ensure its stock will not be delisted at the end of the current fiscal year, but raising such a large sum may not be easy given the company's dire condition.
The embattled Japanese conglomerate forecasts that it will end the current year through March at 750 billion yen in negative equity if nothing is done. This would result in a second consecutive year of liabilities in excess of assets, triggering a condition for delisting at the Tokyo Stock Exchange.
