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Toshiba in turmoil

Toshiba suffers operating loss amid progress in buyout discussion

Company blames legacy projects for inconsistent performance

Beleaguered Toshiba is still mulling its options, including a possible buyout by a private equity company. (Photo by Makoto Okada)

TOKYO -- Toshiba on Wednesday reported a small operating loss for April-June, illustrating the company's ongoing struggle to stabilize its performance despite years of attempted restructuring.

The lackluster results for the first quarter of the fiscal year came as discussions progress within the Japanese industrial conglomerate over its strategic options, including a possible buyout by a private equity company.

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