Seibu Railway Co. hopes to go public again as early as 2008, according a final report by the scandal-tainted group's reform panel released Friday.

The Seibu group falsified its financial reports on share ownership and was delisted from the Tokyo Stock Exchange.

It will carry out a sweeping overhaul that is intended to reduce the influence of its founder and disgraced former chairman, Yoshiaki Tsutsumi.