Toshiba suffers a sales blow after accounting scandal

Poor TV and personal computer sales sent struggling Toshiba to a loss in the last three months as the Japanese business attempts to put a devastating accounting scandal behind it.

The company delayed its filing to the Tokyo Stock Exchange after the revelation that bosses had overstated accounts by £800 million over the last six years.

Twice-delayed full-year results were only posted last week – with a £209 million net loss – and a meeting will be held for shareholders later this month to discuss how they will address its governance issues.

Catching up with reporting, Toshiba, which makes everything from computers to nuclear reactor parts, revealed an operating loss for the three months to June hit 10.96 billion yen (£58.9 million) compared with a 47.7 billion yen (£256 million) profit a year earlier.