Toshiba delays earnings reports until March over audit woes

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  • In this April 16, 2016 photo, a man walks past a display of Toshiba Corp.'s products in Tokyo. Japanese electronics and energy giant Toshiba delayed reporting its financial results by a month Tuesday, Feb. 14, 2017, citing problems with its auditing. Toshiba stock tumbled 8 percent in Tokyo trading after its earnings weren't announced as scheduled. The company said the earnings won't be out until March 14. Auditors had questioned Toshiba's reporting on the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse, the company said in a statement. (AP Photo/Koji Sasahara)

    In this April 16, 2016 photo, a man walks past a display of Toshiba Corp.'s products in Tokyo. Japanese electronics and energy giant Toshiba delayed reporting its financial results by a month Tuesday, Feb. 14, 2017, citing problems with its auditing. ... Toshiba stock tumbled 8 percent in Tokyo trading after its earnings weren't announced as scheduled. The company said the earnings won't be out until March 14. Auditors had questioned Toshiba's reporting on the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse, the company said in a statement. (AP Photo/Koji Sasahara) (The Associated Press)

  • In this Jan. 30, 2017, photo, a man walks past an advertisement of Toshiba Corp.'s products in Tokyo. Japanese electronics and energy giant Toshiba delayed reporting its financial results by a month Tuesday, Feb. 14, 2017, citing problems with its auditing. Toshiba stock tumbled 8 percent in Tokyo trading after its earnings weren't announced as scheduled. The company said the earnings won't be out until March 14. Auditors had questioned Toshiba's reporting on the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse, the company said in a statement. (AP Photo/Koji Sasahara)

    In this Jan. 30, 2017, photo, a man walks past an advertisement of Toshiba Corp.'s products in Tokyo. Japanese electronics and energy giant Toshiba delayed reporting its financial results by a month Tuesday, Feb. 14, 2017, citing problems with its ... auditing. Toshiba stock tumbled 8 percent in Tokyo trading after its earnings weren't announced as scheduled. The company said the earnings won't be out until March 14. Auditors had questioned Toshiba's reporting on the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse, the company said in a statement. (AP Photo/Koji Sasahara) (The Associated Press)

Japanese electronics and energy giant Toshiba Corp. says it is unable to report its financial results on schedule. It is delaying the report, which was due Tuesday, until March 14.

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The company said auditors had questioned its reporting on the acquisition of CB&I Stone & Webster by Toshiba's U.S. nuclear unit Westinghouse.

Toshiba denies any wrongdoing. The company expects a big write-down for the value of the acquisition.

Toshiba is grappling with a scandal over company officials' doctoring of accounting books after it set unrealistic profit targets.

The company is expected to restructure its ailing nuclear business, but nothing has been announced. Japan's nuclear sector was thrown into crisis after multiple meltdowns of reactors at a power plant in Fukushima prefecture triggered by the March 2011 earthquake and tsunami.