twice connect
careers

Toshiba Digital Products Posts Lower Sales

5/08/2013 06:41:00 AM Eastern

Tokyo — Toshiba’s digital products segment reported lower sales but a lower operating loss for the fiscal year, ended March 31.

Sales dropped 228.3 billion yen to 1,432.7 billion yen ($15.2 billion), a 14 percent decrease. The operating loss improved by 2.8 billion yen to 24.4 billion yen ($259.4 million), compared with the prior year.

Toshiba said the retail information systems and office equipment businesses reported higher sales due to the acquisition of IBM’s retail store solutions unit. But the visual products business, which includes LCD TVs, saw sales slide. Sales were also sluggish in the U.S.

The PC business also recorded a decrease on lower unit sales, due to eroding demand in the U.S., Toshiba said.

Both retail information systems and office equipment businesses both recorded higher operating income. There was small improvement in visual products due to “a continuing decline in demand in Japan.”

The PC business saw lower operating income on lower sales, “even though it secured positive operating income” due to cost reductions, the company said.

Corporately Toshiba’s net sales were $61.7 billion, up 300 billion yen, and its net income was $824.8 million, up 7.4 billion yen from the prior year.

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston