April 3, 2017
Toshiba Corp. shares fell as much as 9.4 percent on Monday after the struggling electronics conglomerate signaled that it may miss another deadline to release results for the last quarter of 2016.
It may be difficult to report figures by April 11, a Toshiba executive said last week. The Tokyo-based company has already delayed earnings twice, as it sought to assess a multibillion-dollar loss at Westinghouse Electric, its U.S. nuclear unit. Toshiba will be able to apply to the Tokyo Stock Exchange for another extension to the earnings deadline, but another delay could impact the exchange’s review of the company’s qualifications for remaining listed. read the rest here