It looks like Toshiba could be in serious trouble this year. In a statement this week, they have admitted that their current conditions "raise substantial doubt" on the company's future. According to them it could be just be a matter of time before the ship sinks.


This week Toshiba published its financial report from April to December 2016, which shows the company’s financial situation. In addition they published another statement as part of the financial report, according to Toshiba there are events and conditions that raise doubt about the company’s future. However they hope to fix its financial issues with "significant changes" to its subsidiaries. For example a few days ago Toshiba considered selling their TV business.

Toshiba’s TV business is currently a loss and selling this division could be a good start in order to balance the books. Furthermore Toshiba is looking to sell a part of their chip-manufacturing unit, which is basically their crown jewellery. As if this is not enough bad news Toshiba could be unlisted from the New York Stock Exchange and lose 1 trillion Yen (around £7 billion) which would be one of the largest company losses in Japanese history.




Source: KitGuru