Tokyo — Toshiba’s digital products segment reported lower sales and an operating loss in its fiscal first quarter, ended June 30.
Sales for the segment were down 1 percent year on year to 334.5 billion yen. The operating loss was 16.3 billion yen, 13 billion more than the prior year’s fiscal first quarter.
Toshiba said, “Even though the visual products business, which includes LCD TVs, is on path for recovery in Japan, it also recorded a decrease on slumping sales in the United States and Europe.”
In its PC business sales dropped “on reduced demand, reflecting a shift in demand to smartphones and tablets” and it posted a loss due to lower demand and the impact of the yen depreciation.
Corporately, net sales increased by 121.7 billion yen to 1,390.6 billion yen ($14.04 billion). And Toshiba recorded a profit, with net income of 5.3 billion yen ($53.6 million), a gain of 32.1 billion yen.
- DEG Honors Dolby, Sony And Warner At Annual CES Awards Event - January 11, 2019
- LG’s CES Keynote: AI Is ‘Opportunity Of Our Lifetime’ - January 9, 2019
- Memories Of Our Friend John - April 12, 2018