Tokyo electronics manufacturer Toshiba is poised to delist and enter administration after the company failed to post accounts for Q3, on the back of ‎¥532bn loss in 2016.

The Japanese giant’s woes follow the Chapter 11 filing of US subsidiary Westinghouse in March, after the nuclear manufacturer faltered following the Fukishima reactor disaster in 2011.

Foxconn are likely bidders for the semi-conductor arm in the break-up of the electronics goliath which employs 187,000 worldwide, reports the BBC.