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Toshiba Tec releases latest financials

February 10, 2021

In the nine-month period ended 31 December 2020, Toshiba Tec sees nearly 20% decline in net sales year-on-year.

The company has released its latest consolidated financial results for the nine months, showing net sales of ¥293.92 billion ($2.81 billion/ €2.31 billion), a decrease of 19.7% compared to the same period in the previous fiscal year.

Operating profit was hit even harder with a 76.1% decline compared to the previous year, at ¥3.197 billion ($30 million/ €25 million).

In its announcement, Toshiba Tec said there were no changes to its forecasted results for the full year.

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