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TOKYO — Toshiba booked a net loss for the last 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 because of accounting woes, helped allay concerns among some investors that Toshiba risked delisting if it missed its latest filing deadline.

Shares in Toshiba rose 1.8 percent on Monday, but they are still down around 30 percent since early April, when its accounting problems were disclosed.

“Toshiba is still facing a number of daunting issues, such as what to do with its unprofitable PC and TV businesses,” said Hiroyasu Nishikawa, a senior analyst at IwaiCosmo Securities Company, adding that the accounting troubles would drag on because of shareholder lawsuits.

For the last financial year, Toshiba reported a 37.8 billion yen ($318 million) net loss. At one time it had expected a ¥120 billion net profit before withdrawing that estimate in May when it announced the accounting inquiry was being expanded.

The weaker assessment included a more conservative estimate on the value of its investment in the South Texas Project, a United States power plant project. Toshiba denied speculation, however, that it would need to draw down deferred tax assets of Westinghouse, its United States-based nuclear business.

All in all, Toshiba said it had overstated profits going back to the 2008-9 fiscal year by ¥155 billion ($1.3 billion).

In July the accounting investigation found dysfunction in governance and a culture of discouraging employees from questioning their superiors, prompting the previous chief, Hisao Tanaka, and several other board members to step down.

Toshiba’s new chief executive, Masashi Muromachi, promised on Monday to announce by the end of the year a restructuring plan for the semiconductor, PC and TV businesses. He also said it was reconsidering plans by his predecessor, who stepped down in July in the face of the scandal, to expand the health care unit through acquisitions.

Read more http://rss.nytimes.com/c/34625/f/640387/s/49a5a1b5/sc/24/l/0L0Snytimes0N0C20A150C0A90C0A80Cbusiness0Cafter0Edelays0Etoshiba0Eposts0Ea0Eyearly0Eloss0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm


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