 pushed back the filing of its annual earnings again on Friday.){kind=link}
Troubled electronics firm Toshiba (TYO:6502) pushed back the filing of its annual earnings again on Friday, alongside the announcement of a larger net loss than previously anticipated.
The Japanese company said it had seen a net loss of 995 billion yen for the year to March, up from its earlier estimate of 950 billion yen. It also announced that it had received regulatory approval to delay filing its annual earnings until 10 August, after a previous extension to the end of this month.
The company has been experiencing financial difficulties after a succession of controversies. An accounting scandal that took place in 2015 led to the resignation of chief executive and several senior managers, after it was found to have enlarged the previous seven years’ profits by $1.2 billion.
In January the company announced that its US nuclear unit, Westinghouse, was in financial trouble, ending with it filing for bankruptcy.
The Japanese conglomerate have no been forced to consider selling their prized chip unit, saying on Friday that it may reopen negotiations Western Digital Corp despite previously shunning their bid.
Toshiba shares are currently trading down 4.44 percent at 307.80 (1341GMT).