The Japanese conglomerate Toshiba warned that it will not have time to submit audited financial results for the last reporting year to the shareholders meeting scheduled for June 28, 2017.
After Toshiba reported multibillion-dollar write-downs in the nuclear business, the corporation began to provide regulators with reports that were not approved by the audit firm PricewaterhouseCoopers Aarata.
"Now it is expected that the audit will take some time," the Reuters agency quoted Toshiba.
The company intends to continue working with an independent auditor to have time to submit a financial report in accordance with Japanese law - by June 30, 2017. Delinquency may lead to the withdrawal of shares from the Tokyo Stock Exchange.
At the next meeting of shareholders, Toshiba's management promises to make public the revenue forecast, tell about the status of auditing and investments in the semiconductor business, which is for sale.