TOKYO: Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo. Toshiba yesterday reported a loss of US$102 million in the three months to June after sales fell to a two-and-half-year low due to a poor performance in television and personal computer businesses.
It was a fresh blow to the Japanese conglomerate after a huge accounting scandal. Last week, the 140-year-old company, which sells everything from vacuum cleaners to nuclear reactors, said it would book a 37.8 billion yen (US$314 million) annual loss to March 2015 to account for a billion-dollar profit-padding scandal that hammered the reputation of one of Japan’s best-known firms.