On March 14, Toshiba Corp. announced it will delay, for the second time, the release of its financial earnings for the third-quarter period until April 11, saying it needs more time for an audit of its accounting problems at U.S. nuclear unit Westinghouse, which filed for bankruptcy protection last week.
Toshiba stocks have halved in the past three months, and the company, one of the top three electronics manufacturers in Japan, risks being delisted from the Tokyo Stock Exchange.
An earnings report is a crucial tool to assess the financial health of a company, closely watched by investors, clients, business partners, analysts and other stakeholders.
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