Toshiba Misses Deadline for Earnings Report, Rattling Investors
- The company’s auditor disagrees over nuclear unit writedown
- The new earnings results filing deadline is March 14
Toshiba Misses Planned Time for Earnings Release
This article is for subscribers only.
Toshiba Corp. missed its own deadline for announcing earnings and detailing losses in its nuclear business, shaking investor confidence that the Japanese company has control over its finances.
Toshiba’s shares dropped the most in almost a month after it failed to release earnings for the nine months through December at noon Tokyo time, as it had previously pledged. Instead, it issued a statement saying that it needed another month to complete an auditor review of the results.