Toshiba Corp wins auditor sign-off, likely to have avoided delisting for now

Tokyo

TOSHIBA Corp has likely avoided immediate delisting after its auditor signed off on its financial results albeit with criticism of its governance, yet its future remains uncertain with no progress in talks to sell its chips unit for much-needed cash.

PriceWaterhouseCoopers (PwC) gave a "qualified opinion" on Toshiba's results for the year ended March as well as for April-June, according to a filing. That means the auditor broadly vouched for Toshiba's book-keeping.