Toshiba posts 2014 loss, restates profits for previous 6 years

Tokyo

TOSHIBA Corp posted an annual loss and restated earnings for the previous six years as it tries to recover from an accounting scandal that led to the ouster of its president and two predecessors.

The net loss was 37.8 billion yen (S$453 million) in the 12 months ended March, compared with revised net income of 60.2 billion yen a year earlier. The Tokyo-based company didn't issue dividend or earnings forecasts for the current year.