Toshiba Corp is dealing with the aftermath of a delayed earnings report, today, as the company had originally announced it would release the key metrics on Tuesday. With rumors circulating that Toshiba will pull out of overseas nuclear projects—and some reports indicating a potential net loss of 500 billion yen (approximately $4.4 billion) shares of the Japanese conglomerate sank 8 percent, in Tokyo.

Indeed, Asahi Life Asset Management Co senior fund manager, Yoshihiro Nakatani, notes, “It’s just getting really difficult to trust this company. The fact that they can’t stick to a schedule makes you wonder what is going on. It just seems like the company doesn’t have a grip on the situation.”

Toshiba chairman Shigenori Shiga is expected to take responsibility for the company’s massive writedown that is overshadowing its troubled US nuclear subsidiary, Westinghouse Electric. Shiga was actually once the chairman of Westinghouse; his resignation has been expected.

But its not for want of trying, necessarily, BGC Partners Inc (Singapore) head of Japanese equity sales, Amir Anvarzadeh, comments, “Toshiba is being torn apart. All the big assets will go and Toshiba will be a shadow of itself. It’s going to survive, it’s not going to go bankrupt. But it’s the end of Toshiba as a company with any hopes to grow.”
Looking at this more closely, the charge off will certainly cost the company a provisional 500 billion yen for nine months, proceeding through Dec. 31. Because of this, though, shareholder equity will fall to negative 150 billion yen for the present fiscal year, which ends in March.

Now, this is not the first time the company has delayed earnings (perhaps this is why they are getting so hard to trust). You may recall, in August of 2015, Toshiba was bogged down by a profit-padding scandal and had to suddenly delay its annual fiscal earnings release as it was not able to finish its accounting investigation in a timely manner.

Still, could this be the end for the company? Tokai Tokyo Securities analyst Masahiko Ishino laments: “The questions surrounding Toshiba are so numerous, where do you even begin. Investors want to know what will happen to nuclear and chip businesses, whether elevator operations and some of Toshiba’s listed subsidiaries will sold off. There is also the question of why the nuclear writedown happened in the first place.”