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Toshiba operating loss revised to Y430 billion

Staff writer |
Toshiba said it would record the biggest annual loss in its 140-year-old history of Y710 billion ($6 billion).

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Revenue is unchanged at Y6.2 trillion and the operating loss was revised to Y430 billion from Y340 billion. For the previous 12-month period, the company posted a Y37.8 billion net loss.

Toshiba plans to sell its loss-making personal computer and home appliance businesses, as well as its profitable medical arm to set aside cash for its core nuclear power plant and flash memory businesses.

For the three-month quarter ended in December, Toshiba reported a net loss of Y516.7 billion, while its operating loss was Y139 billion and revenue was Y1.449 trillion.

In the same period a year earlier, Toshiba earned Y1.61 trillion in revenue, Y63.9 billion in operating profit and Y54.6 billion in net profit.

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