The company said its operating profit improved due to increased sales, structural reform and through cost management.
For the full year 2020 net sales were ¥405.7 billion (3.7 billion/ €3.07 billion) which beat forecasts but was down ¥78.1 billion ($718 million/ €590 million) year-on-year.
For the second half of FY2020 net sales in Toshiba Tec’s Printing Solutions Business Group were ¥79.7 billion ($733 million/ €602 million) , with full year net sales being ¥145.2 billion ($1.3 billion/ €1.1 billion). This again beat the forecasts by 2.2% but was down year-on-year by ¥34.7 billion ($319 million/ €262 million).
The net sales forecasts for the new Workplace Solutions Business Group, which takes effect for FY2021 and includes the Printing Solutions Business Group, was set as ¥175 billion ($1.61 billion/ €1.32 billion) for the FY2021.
