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Toshiba seeks to postpone earnings release, will probe Westinghouse

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's Corp said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its unit.

said in a statement it needs to look at allegations that Westinghouse's management exerted inappropriate pressure over the calculation of assets and liabilities for the nuclear construction company it bought from Chicago Bridge & Iron.

was due to announce quarterly earnings on Tuesday but now says it wants an extension, which if approved would extend the deadline to March 14.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Toshiba seeks to postpone earnings release, will probe Westinghouse

TOKYO (Reuters) - Japan's Toshiba Corp said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its Westinghouse unit.

TOKYO (Reuters) - Japan's Corp said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its unit.

said in a statement it needs to look at allegations that Westinghouse's management exerted inappropriate pressure over the calculation of assets and liabilities for the nuclear construction company it bought from Chicago Bridge & Iron.

was due to announce quarterly earnings on Tuesday but now says it wants an extension, which if approved would extend the deadline to March 14.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Toshiba seeks to postpone earnings release, will probe Westinghouse

TOKYO (Reuters) - Japan's Corp said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its unit.

said in a statement it needs to look at allegations that Westinghouse's management exerted inappropriate pressure over the calculation of assets and liabilities for the nuclear construction company it bought from Chicago Bridge & Iron.

was due to announce quarterly earnings on Tuesday but now says it wants an extension, which if approved would extend the deadline to March 14.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22