Olympus said on Wednesday it revised its first-quarter 2011/12 net earnings to a 1.4 billion yen ($17.96 million) loss from a 2.2 billion yen loss.

The company is restating its accounts for the past five years as it looks to sort out an accounting scandal, and must report its half-year results by the end of the day to avoid a delisting of its shares on the Tokyo Stock Exchange.

($1=77.97 yen)

(Reporting by Mayumi Negishi; Editing by Joseph Radford)