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Toshiba Corp faces multiple problems

Already under accounting probe, it may be dropped from stock index

THE LIGHTS ARE DIMMING: Toshiba estimated on May 13 that earnings in its last three fiscal years would be cut by about 50 billion yen.


ADD the prospect of being dumped from Japan's best-stocks index to Toshiba Corp's woes.

The Tokyo-based manufacturer, mired in an accounting probe, is racing against the June 30 deadline when members of the JPX-Nikkei Index 400 will be reassessed. Toshiba risks losing its