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Toshiba says full-year loss forecast may rise after accounting scandal

Ethan Miller | Getty Images

Toshiba said on Thursday it was examining whether to deepen its full-year loss forecast when it reports quarterly earnings later in the day, amid mounting restructuring costs after an accounting scandal.

Kyodo News and The Nikkei reported that the industrial electronics conglomerate will downgrade its net loss projection to over 600 billion yen ($5.1 billion), from the 550 billion yen currently foreseen, for the year ending March 31.

Toshiba said in a statement that the reports were not based on any company announcements/

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