Troubled Toshiba misses deadline to report earnings. Again.

For the 2d time in as many months, Toshiba has neglected its cash document cut-off date, citing “difficult circumstances.”

The struggling japanese conglomerate requested to increase the deadline to April 11, saying on Tuesday that it wants more time to analyze ongoing troubles at its U.S. nuclear business.

Toshiba (TOSBF) had already acquired a 4-week extension following a manic cash liberate last month, when the corporate suggested a $ 6.3 billion writedown at its U.S. nuclear business, stemming from its 2015 acquisition of nuclear construction business CB&I Stone and Webster.

The acquisition was presupposed to lend a hand the corporate’s U.S. subsidiary Westinghouse full nuclear reactor projects in Georgia and South Carolina. however the U.S. tasks are running means over budget and at the back of time table.

Now, Toshiba says Westinghouse senior managers exerted “inappropriate pressures” to push in the course of the takeover. additionally it is investigating considerations concerning the accounting course of at the U.S. nuclear division.

related: Toshiba chairman steps down as company takes $ 6.3B hit from nuclear unit

the company’s chairman, Shigenori Shiga, resigned closing month to take responsibility for the widening predicament.

Toshiba shares had been down 8% noon Tuesday and have more than halved in worth on the grounds that information of the nuclear issues first emerged.

the company has stated it’s bearing in mind selling a stake in its reminiscence chip business to lift dollars.

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Toshiba is an iconic jap firm. It made the usa’s crack of dawn bulb and manufactured Japan’s first electrical washing machines and refrigerators. It now makes the whole lot from TVs to memory chips, and had became to nuclear plant construction to try to assist it recuperate in the wake of a huge $ 1.2 billion accounting scandal.

there have been signs of a turnaround closing yr, when Toshiba suggested income of a hundred and fifteen billion yen ($ 977 million) through the first six months of its 2016 financial 12 months.

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but now the company is back on shaky ground, and Toshiba admits the huge funding within the nuclear business can have been every other misstep.

“We may revise the positioning of nuclear industry sooner or later if it can be needed,” CEO Satoshi Tsunakawa stated in December.

CNNMoney (Hong Kong ) First published March 13, 2017: 11:fifty seven PM ET

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