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.
Help employers find you! Check out all the jobs and post your resume.
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.
Help employers find you! Check out all the jobs and post your resume.
