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| Toshiba posts $318m full-year loss | Toshiba posts $318m full-year loss |
| (35 minutes later) | |
| Troubled Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March. | Troubled Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March. |
| The delayed result follows the sale of its stake in Finnish firm Kone, done in a bid to bolster its bottom line amid a recent accounting scandal. | The delayed result follows the sale of its stake in Finnish firm Kone, done in a bid to bolster its bottom line amid a recent accounting scandal. |
| The sale of the 4.6% stake in the elevator-maker was worth $946.2m. | The sale of the 4.6% stake in the elevator-maker was worth $946.2m. |
| Toshiba's president and vice-president resigned in July after an independent panel found the company had overstated profits for the past six years. | Toshiba's president and vice-president resigned in July after an independent panel found the company had overstated profits for the past six years. |
| The panel said operating profits had been overstated by $1.22bn, roughly triple an initial estimate by Toshiba. | The panel said operating profits had been overstated by $1.22bn, roughly triple an initial estimate by Toshiba. |
| The company has apologised to investors and has made attempts to avoid further accounting irregularities. | The company has apologised to investors and has made attempts to avoid further accounting irregularities. |
| The firm said in statement that "while the US economy had lost some momentum ... the UK had witnessed a strong performance and the Eurozone had sustained a gradual recovery". | |
| It also said despite China's slowdown, solid growth had been seen in South East Asia and India. | |
| The full-year results posted on Monday had been delayed twice. | The full-year results posted on Monday had been delayed twice. |
| Shares rose on the results news by as much as 3.5%. | Shares rose on the results news by as much as 3.5%. |