February 12, 2021
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).
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