As of June 30, Toshiba's shareholder equity - its assets minus liabilities - stood at minus Yen504 billion ($4.6 billion), mainly stemming from losses on US nuclear power plant projects handled by a now-bankrupt Toshiba subsidiary, Westinghouse Electric Co. Otherwise, its shares would be delisted under Tokyo Stock Exchange rules.
PwC will either issue a so-called "opinion without qualifications", given where there are no problems in a company's accounts or an "opinion with qualifications", given where only minor problems exist by a bourse-imposed deadline on Thursday, the business daily said, without citing sources.
Toshiba President Satoshi Tsunakawa will hold a press conference later in the day to explain the financial statement and the progress of the negotiations for the sale of its chip unit, a transaction the Japanese manufacturer is desperate to complete to boost its financial standing and remain listed.
The auditor, PricewaterhouseCoopers Aarata, however, issued an "adverse opinion" on Toshiba's internal controls as the 142-year-old Japanese company overlooked huge losses linked to the now-defunct US nuclear power unit Westinghouse Electric.
"But this is nothing more than just a beginning of its restructuring", he added. The U.S. company filed for bankruptcy protection in March.
Deadly violence as opposition claims 'vote fraud — KENYA
His deputy Kalonzo Muyoka repeated the call for calm but said the opposition might call for unspecified "action" at a later date. The other leaders are county governors, senators, members of parliament, women representatives and members of county assemblies.
Toshiba's joint venture partner Western Digital Corp, which has said any sale would require its consent, has opposed the auction and has taken Toshiba to court in addition to lodging its own offer for the chip business. Toshiba said it disagreed.
There were growing worries that Toshiba may not make this morning's deadline to supply financial statements for the fiscal year ended in March, as it was at odds with its auditor over multi-billion dollar losses at Westinghouse.
Toshiba also reported first quarter earnings Thursday, a return to profit April-June at 50 billion yen ($458 million) after Westinghouse was removed from Toshiba's books.
Toshiba on Tuesday said its negative shareholder equity at the end of June was 504.3 billion yen.
However, Mr. Tsunakawa repeatedly told reporters that selling the chip unit was the only path he could think of for Toshiba to survive.