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Toshiba said on Thursday it now expected a net loss of 710
billion yen ($6 billion) compared with a previously expected
loss of 550 billion yen.
Chief Executive Masashi Muromachi told a press conference that
Toshiba had lowered its expectations to fully reflect possible
downside risks to its business.
Muromachi also pledged to accelerate restructuring efforts,
announcing an additional 240 job cuts or replacements on top of
some 10,000 already announced.
He also reiterated plans to sell Toshiba's loss-making laptops
and home appliances businesses.
Muromachi said he could not rule out a possible deal with Sharp
Corp <6753.T> for the home appliances unit even after it chose
Taiwan's Foxconn, known formally as Hon Hai Precision Industry
Co, as its preferred bidder in takeover talks.
He also said a foreign manufacturer could be the buyer.
Toshiba is trying to recover from a book-keeping scandal in
which it overstated profits from around 2009. In December, it
said it would slash 6,800 consumer electronics jobs, taking
total cuts beyond 10,000, including previously announced plans.
(Reporting by Ritsuko Ando and Makiko Yamazaki; Editing by
Stephen Coates and Mark Potter)
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