Placeholder image

Toshiba reports profitable Half-Year

November 8, 2018

The OEM has published its latest financials for the first half-year of 2018, reporting that it has met its targets for operating, ordinary and net profit.

For the first six months of 2018, Toshiba achieved net sales of ¥236.1 billion ($2 billion/€1.8 billion), just shy of the ¥243.1 billion ($2.1 billion/€1.8 billion) the company received for the same financial period in 2017.

The OEM’s ordinary profit for 1H 2018 was higher than its 9 May 2018 forecast, reaching ¥5.9 billion ($51.8 million/€45.4 million), while its operating profit was also higher than predicted, at ¥7.2 billion ($63.3 million/€55.4 million).

Net sales for Toshiba’s Retail Solutions Business Group were reported at ¥145.5 billion ($1.2 billion/€1.1 billion), with an operating profit of ¥5.2 billion ($45.7 million/€40 million). Meanwhile, its Printing Solutions Business Group achieved net sales of ¥94.8 billion ($833.7 million/€729.5 million), with an operating profit of ¥2 billion ($17.5 million/€15.3 million).

Toshiba has also released its overall forecast for 2018, predicting net sales of ¥500 billion ($4.3 billion/€3.8 billion), operating profit of ¥18 billion ($158.3 million/€138.5 million) and ordinary profit of ¥15 billion ($131.9 million/€115.4 million)

Forecasting by segment, the OEM predicts its Printing Solutions Business Group will attain net sales of ¥204 billion ($1.7 billion/€1.5 billion), with an operating profit of ¥8 billion ($70.3 million/€61.5 million).

The OEM also prophesies a rise in R&D expenses, to a sum of ¥30 billion ($263.9 million/€230.9 million).

Categories : City News

Tags :

Leave a Reply