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| Version 1 | Version 2 |
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| Toshiba posts $318m full-year loss | Toshiba posts $318m full-year loss |
| (about 7 hours 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, in a bid to bolster its bottom line amid a recent accounting scandal. | |
| The sale of the 4.6% stake in the lift manufacturer 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. |
| 'Strong performance' | |
| The firm said in a 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 that despite China's slowdown, solid growth had been seen in South East Asia and India. | |
| During a news conference after the earnings were released, Toshiba also announced that it had decided there was no need to write down the value of its US nuclear operation, Westinghouse. | |
| The accounting scandal had raised concerns that it was overestimating the value of the business. | |
| Chief executive Masashi Muromachi also said that he was considering a "bold restructuring" of its semiconductor business by the end of the year. | |
| 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 earnings by as much as 3.5%, closing higher by 1.8% in Tokyo. |