The ailing industrial conglomerate said it expects to post a net loss of 995.2 billion yen (7.05 billion pounds), worse than its previous estimate of 950 billion yen.

It said negative shareholder equity at end-March was likely 581.6 billion yen, bigger than a previously estimated 540 billion yen.

It also said that it had received approval from regulators for an extension to file its annual earnings. The new deadline is Aug. 10.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)