Japanese electronics giant Toshiba Corporation posted net income attributable to shareholders of 17.996 billion yen ($162.4 million) in the first quarter of the fiscal year 2021-2022 (ended June 30) versus a loss of 11.348 billion yen ($ 102.4 million) a year earlier, the company said.
Earnings per share were yen 39.6 ($ 0.35) against a loss of yen 25.02 ($ 0.23) a year ago. The company’s revenue grew by 25% in annual terms and amounted to 747.86 billion yen (6.7 billion dollars).
Operating income was 14.5 billion yen (130.9 million dollars) against a loss a year earlier of 12.635 billion yen (114 million dollars).
Japan, which accounts for just over half of Toshiba’s revenue, rose 2%. In Europe, sales grew 1.6 times, and in North America, by 40%.
The company predicts revenues for the 2021-2022 fiscal year at 3.25 trillion yen ($ 29.3 billion), operating profit – 170 billion yen ($ 1.5 billion), net profit – 110 billion yen ($ 993 million).
Toshiba Corporation, founded in 1875 in Tokyo, specializes in ultra-precise electronics and electrical engineering, integrated circuits, industrial computers, cell phones, LCD TVs, elevators.
