The company has released its financial results for the nine month period ended 31 December 2022.
Toshiba Tec said that it found the world economy for the nine months ended 31 December 2022 appeared to be in a favourable climate for recovery with progress seen in balancing economic activities with measures taken to prevent COVID-19 infection in various countries.
The company added that “the economic outlook still remained uncertain due to the unpredictable effects of accelerated monetary tightening overseas, the Russian-Ukrainian problem, and economic activity restrictions in China, in addition to sharp price rises, soaring raw material prices, and supply restrictions.”
In the nine months period, sales of POS systems for the overseas market and multifunction peripherals (MFPs) for the overseas market increased resulting in overall net sales of ¥374,470 million ($2.83 billion/ €2.63 billion), up 14% year-on-year. On the profit front, although there were effects of tight supply-demand balance and soaring prices in components and international cargo transportation, profitability of MFPs improved, which resulted in operating profit of ¥11,804 million ($89 million/ €83 million), up 36% year-on-year.
