Toshiba Posts FY Profit

Toshiba Corp. (TOSYY.PK,TOSBF.PK) reported that net income for fiscal year 2020 was 114.0 billion yen or 251.25 yen per share compared to a loss of 114.6 billion yen or 236.39 yen per share in the prior year.

Annual operating income was 104.4 billion yen down from 130.5 billion yen last year.

Net sales for the year declined to 3.05 trillion yen from last year's 3.39 trillion yen, mainly due to the impact of COVID-19.

For fiscal year 2021, the company projects net income to be 110.0 billion yen, operating income of 170 billion yen and net sales of 3.25 trillion yen.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines canceled hundreds of flights this weekend and plans to cut more through at least mid-July due to bad weather and staffing shortages, multiple reports said. The shortage of flights come as demand is increasing heavily in the United States with reducing coronavirus cases benefited mainly by increased vaccination. Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions.
Follow RTT