Sales, Profits Up for Toshiba TEC

Toshiba Tec of Tokyo, Japan, today reported results for the first nine months of its fiscal year, with the first nine months ending on December 31, 2019.

Net sales totaled ¥366.0 billion, up 3.3 percent year-over-year, operating profit was  ¥13.3 billion, down 5.1 percent year-over-year; and profits were ¥10.4 billion, up 13.5 percent year-over-year. Earnings per share (EPS) were ¥189.07, versus ¥166.1 for the same period a year earlier.

Forecast

For its fiscal year that will end on March 31, 2020, Toshiba TEC is forecasting net sales of ¥485.0 yen, up 1.7 percent year-over-year; operating profit of ¥17.0 billion, down 5.5 percent year-over-year; profits of ¥11.0 billion, down 1.9 percent year-over-year; and EPS of ¥200.16.

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