Toshiba anticipates 15.7% drop in annual profit, limited coronavirus impact
TOKYO (Business) – Toshiba expects a drop of 15.7% on its annual operating profit as a recent portfolio overhaul aids it to limit the coronavirus outbreak impact.
A profit forecast of 110 billion yen ($1 billion) for the year through March 2021 was given, down from 130.46 billion yen a year ago.
The outlook compared with the 136.71 billion yen average as given by 13 analysts’ estimates as Refinitiv compiles.
(Photo syndicated via Reuters)
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