Toshiba (TYO:6502) 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.
The submission of its books, twice postponed due to its accounting woes, helped to allay concerns among some investors that the laptops-to-nuclear power conglomerate risked a delisting if it had missed its latest filing deadline.
Shares in Toshiba rose 1.8% yesterday, but they are still down around 30% since its accounting issues were disclosed in early April. Analysts, however, said the company still had to tackle deep-rooted problems.
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