TOKYO — Auditors signed off, belatedly, on Toshiba Corp.’s earnings Thursday, meaning the embattled Japanese electronics and nuclear company will likely avert delisting, for now. But the auditors, PriceWaterhouseCoopers Aarata, cautioned about remaining risks in a separate statement.
The approval had not come on schedule because of concerns about Toshiba’s money-losing nuclear business in the United States. Toshiba’s U.S. nuclear unit, Westinghouse Electric Co., filed for bankruptcy protection in March.
Reactors that Westinghouse was building there were behind schedule, partly because of beefed-up safety regulations following the 2011 Fukushima nuclear disaster. Westinghouse’s reactor projects in South Carolina were abandoned earlier this month after the towering costs were weighed.