Toshiba reported a group net loss of 552.41 billion yen ($5 billion) due to losses related to hefty writedowns incurred by its US nuclear subsidiary Westinghouse Electric Co, Xinhua news agency reported.
On sales of 576.28 billion yen, Toshiba posted a group operating loss of 3.85 trillion yen during the April-December period.
At the end of March, the multinational corporation approved a Chapter 11 bankruptcy filing in the US by its embattled Westinghouse Electric unit with the conglomerate saying it faced a possible 712.5 billion yen writedown on its failing nuclear energy business and a related group net loss of more than 1 trillion yen.
Toshiba's shares were placed on a "securities on alert" watchlist by the Tokyo Stock Exchange in September 2015, following an accounting scandal, which had initially dented the company's reputation.
The filing on Tuesday without the approval of an auditor has yet to be accepted by regulators or the Tokyo bourse and could see the Tokyo-based firm delisted.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.