took the unprecedented step of announcing its Q3 results
without the approval of its auditor, PricewaterhouseCoopers
Aarata. The report does not make pleasant reading for shareholders, with a net loss of 4.6 billion U.S. dollars on the board as of Q3. Worse still, the company forecasts the fiscal year to end with total losses of 9 billion dollars; warning that it may not be able to find a way through the crisis.
The bankruptcy of Toshiba's nuclear engineering subsidiary Westinghouse last month has led to an operating loss of 760 billion Yen ($6.9 billion) in the segment 'Energy Systems & Solutions. Compounding the crisis, Japanese regulators now have to decide whether to accept the unaudited earnings report. If they choose not to, Toshiba could be delisted from the Tokyo Stock Exchange.