Updated
Updated · MarketWatch · May 11
Toshiba Tec reports fiscal year loss
Updated
Updated · MarketWatch · May 11

Toshiba Tec reports fiscal year loss

3 articles · Updated · MarketWatch · May 11

Summary

  • For the year ended 31 March, the Japanese company posted a Y2.29 billion net loss versus a Y29.94 billion profit a year earlier.
  • Revenue fell to Y569.27 billion from Y577.02 billion, while operating profit declined to Y14.34 billion from Y20.25 billion and pretax profit dropped to Y10.61 billion from Y18.34 billion.
  • Per-share earnings swung to a Y43.13 loss from Y565.44 profit, with results prepared under Japanese accounting standards.

Insights

With AI leadership but bleak forecasts, can Toshiba Tec's tech save it from financial decline?
Is Toshiba Tec's joint venture with Ricoh a masterstroke for market dominance or a desperate defensive play?