Toshiba Tec releases latest financials

August 10, 2022

The company published its latest consolidated financial results for the three months period ended 30 June 2022.

Net sales for the reporting period were ¥109.3 billion ($809.85 million/ €791.88 million), a 2.1% increase compared to the same period of the previous fiscal year. Operating profit dropped a massive 93.8%, at ¥203 million ($1.5 million/ €1.47 million).

The Workspace Solutions Business Group which handles MFPs for the domestic and overseas markets, recorded net sales of ¥46.77 billion ($346.52 million/ €338.9 million), an increase of 8% year-on-year. Toshiba Tec said: “Sales of MFPs increased due to the impact of foreign exchange rates in addition the steady sales in the Americas, Europe, Asia, and other overseas regions as a result of changing transportation method or route and focusing on product supply response such as aggressive design changing and adoption of alternative components, despite the tight supply-demand balance in components and international cargo transportation.”

Toshiba Tec added it has no revision to its financial results forecast for the fiscal year.