Toshiba Reports Decline in Fiscal Results

Toshiba Reports Decline in Fiscal Results

Due to the impact of COVID-19, Toshiba Group reports its net sales decreased by 303.6 billion yen to 3,389.9 billion yen (US$31,099.7 million). Infrastructure Systems & Solutions, Building Solutions, and Retail & Printing Solutions recorded higher sales.

Other highlights include:

• Operating income was of 130.5 billion yen (US$1,196.9 million), an increase of 95.1 billion yen (US$868.28 million). Retail & Printing Solutions reported lower operating income in the overseas retail systems business and printing solutions business.
• Income (loss) from continuing operations, before income taxes and noncontrolling interests, was 58.4 billion yen (US$533.2 million) lower at (47.5) billion yen (US$(436.1) million)
• Net income (loss) attributable to shareholders of the company decreased by 1,127.9 billion yen to (114.6) billion yen US$(1,051.7)million).
• Total assets decreased by 913.9 billion yen from the end of March 2019 to 3,383.4 billion yen (US$31,040.7 million).
• Shareholders’ equity, or equity attributable to the shareholders of the company, was 939.8 billion yen (US$8,622.1 million), a decrease of 516.9 billion yen from the end of March 2019.

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