Japanese electronics firm Toshiba (TYO:6502) may disclose a net loss of about 10 billion yen (54.24 million pounds) later this week when it reports its financial earnings for the year, according to the Yomiuri daily.

Toshiba has been at the centre of an accounting scandal for a number of months, after an independent probe discovered it had overstated profits for $1.2 billion over the course of several years.

On Monday Toshiba postponed its annual results for a second time, but the company is due to announce earnings by September 7 or face being delisted. Shares in Toshiba were up 2.5 percent on Thursday morning.

Elesewhere in Japan, activity in the country’s services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday.

The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to 53.7 from 51.2 in July to reach the highest since October 2013, meaning that the index has remained above the 50 threshold that separates expansion from contraction for the fifth consecutive month.

Previous articleEasyjet up 7 percent on strong August figures
Next articleNissan to invest £100 million into UK car plant