Toshiba seeks to postpone earnings release, will probe Westinghouse

Features Reuters

  • Copyright Reuters 2017

    (Copyright Reuters 2017)

  • The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai

    The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai (Copyright Reuters 2017)

  • A spokesperson for Toshiba Corp speaks to the media to delay the company's earnings announcement at the company's headquarters in Tokyo, Japan, February 14, 2017.      REUTERS/Toru Hanai

    A spokesperson for Toshiba Corp speaks to the media to delay the company's earnings announcement at the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai (Copyright Reuters 2017)

Japan's Toshiba Corp <6502.T> 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.

Continue Reading Below

Toshiba 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 .

Toshiba 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)