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Toshiba will do utmost to avoid Tokyo delisting - CEO
April 11, 2017 / 10:52 AM / in 8 months

Toshiba will do utmost to avoid Tokyo delisting - CEO

TOKYO (Reuters) - Japan’s Toshiba Corp will make every effort to avoid being delisted by the Tokyo Stock Exchange (TSE), the company’s CEO said on Tuesday, after releasing delayed third-quarter results with a disclaimer from its auditor.

Toshiba Corp CEO Satoshi Tsunakawa bows as the start of a news conference at the company's headquarters in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai

“The decision on any delisting is for the stock exchange to make,” Satoshi Tsunakawa said at a press briefing in Tokyo. “We will do our utmost to avoid it.”

The results filing for the three months to end-December carried a disclaimer from auditor PricewaterhouseCoopers (PwC) Aarata LLC that it was unable to form an opinion of the results.

Such a disclaimer is one of several criteria the TSE can use to justify removing companies from the bourse.

Reporting by Makiko Yamazaki; Editing by Ian Geoghegan

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