time toshiba: At this point, completion of the auditing is expected to take some more time Toshiba recognizes that it will not have the lead time required to prepare and provide the business report for the June 28 ordinary shareholders meeting, Toshiba said in a statement on Wednesday, according to The Japan Times. The company expresses its sincere apologies to its shareholders, investors and all other stakeholders for any concerns or inconvenience caused by this situation, it added. Struggling to win approval for its results from its auditor, the embattled conglomerate is already at the brink of stock market delisting, and the delay could affect the Tokyo Stock Exchange's review of Toshiba's qualifications for remaining on the bourse. Toshiba said it will continue to work with its auditor to submit the securities report, which must come with an audit opinion. Toshiba also said it hopes to explain the outlook for the results for the year ending March 2017 at a future extraordinary shareholders meeting with an auditor approval. June 30 is the deadline for submitting its full-year financial statements including an earnings report.
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