February 14, 2017 / 6:37 AM / 10 months ago

Toshiba seeks to postpone earnings release, will probe Westinghouse

TOKYO (Reuters) - Japan’s Toshiba Corp 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.

A logo of Toshiba Corp is seen behind a red light signal outside an electronics retail store in Tokyo, Japan, January 19, 2017. REUTERS/Toru Hanai/Files

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

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