Toshiba logs 317.7 mln USD net loss in FY 2014

Japan's Toshiba Corp. logged 37.83 billion yen (about 317.7 million U.S. dollars) group net loss for the past fiscal year through March due to asset impairment charges and other losses, local media reported Monday.

The high-tech giant had planned to release earnings on Aug. 31, however, a serious of accounting irregularities forced it to postpone the results twice. In fiscal 2013, it reported a net profit of 60.24 billion yen (505.47 million dollars).

Toshiba also saw operating profit down from the previous year, which decreased 33.7 percent to 170.4 billion yen, while sales up 2.6 percent to 6.66 trillion yen (55.88 billion U.S. dollars).

The company did not give an earnings outlook for the current business year through next March.