Second Extension of Deadline for Toshiba Submitting Quarterly Earnings; Our FVE Is Under Review
Toshiba requested a second extension of the deadline for submitting its quarterly earnings announcement for one month, regarding the purchase price allocation procedure related to the acquisition of CB&I Stone & Webster, which closed in December 2015. Toshiba’s audit committee identified inappropriate pressures from senior management intending to minimize the impairment loss of the deal, and estimates that four weeks is necessary for further investigation.ÂMeanwhile, Toshiba disclosed t...
Toshiba is engaged in the manufacture and sale of electronics and energy products. Along with its affiliates, Co. operates in six business segments: energy systems & solutions, infrastructure systems & solutions, retail & printing solutions, storage & electronic devices solutions, industrial ICT solutions, and others. Co. provides thermal power generation systems, nuclear power generation systems, water supply and sewerage systems, instrumentation and control systems, environmental systems, automatic railroad station equipment, transportation equipment, POS systems, small-signal devices, information technology ("IT") solution services, personal computers, tablets, televisions, and others.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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