Toshiba withdraws outlook, delays results amid accounting probe

[TOKYO] Japanese industrial conglomerate Toshiba Corp said on Friday it has withdrawn previously issued earnings guidance for the fiscal year ended March 31 and would delay announcing full-year results until after June while it looked into possible accounting irregularities.

The probe is the company's second investigation into its bookkeeping practices in less than two years. It said last month that it was setting up a committee to investigate accounting practices, saying it may have underreported costs of some infrastructure projects in the business year from April 2013.

REUTERS