Toshiba asks again to extend deadline for third-quarter earnings filing
March 14, 2017
TOKYO (Reuters) – Japan’s Toshiba Corp <6502.T> said it has asked financial regulators to extend its Tuesday deadline for submitting official third-quarter earnings until April 11.
Toshiba also said in a statement that its auditing committee had confirmed that management at U.S. nuclear unit Westinghouse had inappropriately exerted pressure with regard to the calculation of the acquisition price of the CB&I unit.
It would be the second extension after Toshiba postponed its earnings filing a month ago to probe potential problems at Westinghouse. It has flagged a $6.3 billion writedown for the nuclear unit in preliminary estimates.
(Reporting by Makiko Yamazaki; Editing by Chang-Ran Kim)
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