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Toshiba has reported another huge loss as it continues to try to recover from the bankruptcy of its Westinghouse nuclear unit:
Toshiba has filed its delayed financial results, warning that the company's survival is at risk. "There are material events and conditions that raise substantial doubt about the company's ability to continue as a going concern," the company said in a statement.
The electronics-to-construction giant reported a loss of 532bn yen (£3.8bn; $4.8bn) for April to December. However, the results have not been approved by the firm's auditors. These latest financial results have already been delayed twice and raise the possibility that Toshiba could be delisted from the Tokyo Stock Exchange.
Previously: Toshiba Nuked Half its Assets
Huge Nuclear Cost Overruns Push Toshiba's Westinghouse Into Bankruptcy
(Score: 3, Interesting) by sjames on Thursday April 13 2017, @05:58PM
To be fair, the tech at that time carried a big proliferation risk. Since then, we have developed processes and reactors that permit the necessary reprocessing while not yielding weapons grade material at any step. The actinides stay in the mix and work fine in the right reactor design but would poison a bomb.
Unfortunately, the political process hasn't kept up.