Toshiba Reveals FY16 Net Loss of $8.78B

Toshiba is facing financial difficulties due to its nuclear business in the U.S., leading to a $6 billion write-down. The company is attempting to sell its valuable chips business to restore positive shareholders' equity and avoid delisting from the Tokyo Stock Exchange. However, legal disputes with Western Digital are delaying the sale. Despite some optimism, the risk of delisting remains if financial improvements are not achieved by the next fiscal year.

What are the potential consequences for Toshiba if they do not restore their shareholders' equity?

How is Toshiba's partnership with Western Digital affecting their business operations?