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Asia

Troubled Toshiba reports unaudited results after 2 delays

Associated Press
Published | Updated
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    A photographer takes a photo before a press conference at the Toshiba Corp.'s headquarters in Tokyo, Tuesday, April 11, 2017. Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, said Tuesday it expects a loss of 1.01 trillion yen ($9.2 billion) for the fiscal year that ended in March. (AP Photo/Shizuo Kambayashi) (The Associated Press)

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    Toshiba Corp. President Satoshi Tsunakawa listens to a reporter's question during a press conference at the company's headquarters in Tokyo, Tuesday, April 11, 2017. Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings Tuesday and projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March. (AP Photo/Shizuo Kambayashi) (The Associated Press)

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    Toshiba Corp.'s President Satoshi Tsunakawa speaks during a press conference at the company's headquarters in Tokyo, Tuesday, April 11, 2017. Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings Tuesday and projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March. (AP Photo/Shizuo Kambayashi) (The Associated Press)

TOKYO – Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, said Tuesday it expects a loss of 1.01 trillion yen ($9.2 billion) for the fiscal year that ended in March.

The company issued unaudited fiscal third-quarter results after having twice delayed reporting them.

In February, the company, whose products include computer chips and household appliances, had forecast a 390 billion yen ($3.5 billion) loss for the fiscal year.

Its auditors, PricewaterhouseCoopers Aarata, said it could not reach a conclusion in its review of the figures because of uncertainties related to the acquisition of U.S. nuclear construction company CB&I Stone and Webster. Toshiba has been in deep trouble since costs at Westinghouse have ballooned.