Toshiba may deepen full-year loss forecast as restructuring costs mount | Reuters

TOKYO Toshiba Corp (6502.T) said on Thursday it is examining whether to deepen its full-year loss forecast when it reports quarterly earnings later in the day, amid mounting restructuring costs after an accounting scandal.

Kyodo News and The Nikkei reported that the industrial electronics conglomerate will downgrade its net loss projection to over 600 billion yen ($5.1 billion), from the 550 billion yen currently foreseen, for the year ending March 31.

Toshiba said in a statement that the reports were not based on any company announcements and it would release its earnings at 0600 GMT.

(Reporting by Chris Gallagher; Editing by Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Published Date: Feb 04, 2016 06:30 am | Updated Date: Feb 04, 2016 06:30 am


Also See