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Toshiba reports sales are down

February 14, 2020

The company has released its third quarter consolidated and nine months cumulative business results for the fiscal year 2019.

Total net sales for the nine months period were ¥2,458 billion ($/ €), down ¥188.6 billion ($/ €) compared to the same period of the previous fiscal year. Looking at the Retail & Printing Solutions business segment, net sales were ¥371.1 billion ($/ €), up ¥9.5 billion ($/ €) compared to the same period of the previous year, a growth rate of 3%.

Toshiba explains the increase in this segment with higher sales in its Retail segment in Japan but also adds, sales overseas saw a decrease. In the printing business segment, Toshiba says it has seen a decrease too.

Toshiba forecasts net sales for the Retail & Printing Solutions business segment to be ¥500 billion for the full year 2019, up 10% from the last announced forecast in November 2019.

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