Ron Burgundy Posted September 7, 2015 Share Posted September 7, 2015 By Ritsuko Ando and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba rose 1.8 percent on Monday, but they are still down around 30 percent since its accounting issues were disclosed in early April. "Toshiba is still facing a number of daunting issues, such as what to do with its unprofitable PC and TV businesses," said Hiroyasu Nishikawa, a senior analyst at IwaiCosmo Securities Co, adding that its accounting woes were set to drag on due to shareholder lawsuits. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.