Streamlining could help Toshiba regain lost value

Hong Kong

TOSHIBA can regain some of its lost value through streamlining. The scandal-hit Japanese electronics group has finally produced figures for the last financial year, reporting a net loss of 37.8 billion yen (S$453 million), and also restated results for the six previous years.

Adjustments for dodgy accounting erased a total 155.2 billion yen of previously disclosed net income. With clarity on the numbers and overhauled corporate governance, Toshiba can now start regaining investors' trust. Shedding troublesome units like personal computers would help.