Toshiba Tec Posts Lower Sales, Revenue, Profit for Third Quarter
On February 7th, Toshiba Tec of Japan posted results for the nine months ending December 31, 2018 (third quarter), with net sales down 4.7 percent year-over-year to 354 billion yen; operating profit down 18.1 percent year-over-year to 14 billion yen; and profit down 22.1 percent to 9 billion yen.
Earnings per share for the nine-month period were 166.84, versus 214.15 yen per share for the same nine months a year earlier.
Toshiba Tec, which is owned by Toshiba Corporation of Japan, makes RFID and office desktop printers, office A3 copier/MFPs, and their consumables, many of which are sourced by Toshiba America Business Solutions (TABS).
For its complete fiscal year that will end on March 31, 2019, Toshiba Tec is forecasting net sales of 490 billion, down 4.5 percent versus the previous fiscal year; operating profit of 19 billion yen, down 22.6 percent versus the previous fiscal year; and profit of 10 billion yen, down 42.9 percent versus the previous fiscal year. It’s also forecasting earnings per share of 182.01 per share.
- January 2019: Investment Firm Asks Toshiba to Sell Toshiba Tec
- August 2018: Toshiba, Toshiba TEC Report Latest Financial Results
- May 2018: Stellar Fiscal Year for Toshiba TEC
- February 2018: Profit up Sharply for Toshiba TEC, but Profit Padding at Subsidiary Reported