Toshiba reports latest financial results
February 12, 2021
In Toshiba’s latest consolidated financial results, for the period ending 31 December 2020, the company said that the amount of orders steadily increased year-on-year.
Overall net sales for the nine-month period which ended 31 December were 15% down year-on-year at ¥2,099.5 billion ($19.97 billion/ €16.53 billion). Toshiba said that the lower sales it attributes to impacts from COVID-19.
Looking at Toshiba’s Retail & Printing business segment, the company says impact from the pandemic has been a loss of ¥17.6 billion ($167 million/ €138 million) for the nine-month period due to decreased demand of MFP and POS systems as well as restriction of sales activities. Net sales for the business segment were recorded at ¥297.5 billion ($2.83 billion/ €2.34 billion) for Q1-Q3 and ¥103.4 billion ($984 million/ €814 million) for the third quarter.
Forecasts for the Retail & Printing segment for the full year, are set at ¥400 billion ($3.8 billion/ €3.15 billion).
Categories : City News
Tags : Business Financials OEM Toshiba
