Independent essays and ideasAboutContactDeutsch
Tech

Japan’s Government Has No Plans to Come Save Toshiba

The Japanese government is not considering steps to support embattled conglomerate Toshiba, the chief cabinet secretary said on Friday.

JAPAN-TOSHIBA-COMPANY-EARNINGS

The Japanese government is not considering steps to support embattled conglomerate Toshiba (TOSBF), Chief Cabinet Secretary Yoshihide Suga said on Friday.

Toshiba this week missed submitting audited third-quarter earnings for a second time and said it would consider selling a majority stake in the Westinghouse nuclear unit at the center of its financial troubles.

Get Data Sheet, Fortune’s daily technology newsletter.

For more news on Toshiba, watch Fortune’s video:

Sources have told Reuters that a fund backed by the government may invest as a minority stakeholder in Toshiba‘s memory chip business, which the company is looking to sell to raise cash.