Toshiba delays release of nuclear writedown, says 'not ready'

Image
Reuters TOKYO
Last Updated : Feb 14 2017 | 8:57 AM IST

TOKYO (Reuters) - Toshiba Corp has delayed its earnings release, including details of a multi-billion charge related to cost overruns at its U.S. nuclear arm.

The release had been planned for noon (0300 GMT).

At midday, when it was slated to release its latest results, business outlook and nuclear charge, the company said in an e-mail instead that it was not yet ready. It did not give a reason for the delay or say when it would announce the numbers.

A spokeswoman for the company said it may also push back a planned 1600 (0700GMT) press conference.

(Reporting by Makiko Yamazaki; Editing by Clara Ferreira-Marques)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 14 2017 | 8:52 AM IST

Next Story