TOKYO Japan's Toshiba Corp (6502.T) will make every effort to avoid being delisted by the Tokyo Stock Exchange (TSE), the company's CEO said on Tuesday, after releasing delayed third-quarter results with a disclaimer from its auditor.
"The decision on any delisting is for the stock exchange to make," Satoshi Tsunakawa said at a press briefing in Tokyo. "We will do our utmost to avoid it."
The results filing for the three months to end-December carried a disclaimer from auditor PricewaterhouseCoopers (PwC) Aarata LLC that it was unable to form an opinion of the results.
Such a disclaimer is one of several criteria the TSE can use to justify removing companies from the bourse.
(Reporting by Makiko Yamazaki; Editing by Ian Geoghegan)