Toshiba Corp. Posts Loss In Q1 - Quick Facts

(RTTNews) - Toshiba Corp. (TOSYY.PK, TOSBF.PK) reported a first-quarter net loss to shareholders of 12.3 billion yen compared to profit of 16.7 billion yen, prior year. Basic loss per share was 2.90 yen compared to profit of 3.95 yen. The Group recorded an operating loss of 11.0 billion yen, a decline of 58.7 billion yen from last year.

Net sales decreased to 1.35 trillion yen from 1.41 trillion yen, a year ago. Although the Healthcare Systems & Services segment recorded higher sales, the Lifestyle Products & Services segment saw significantly lower sales due to a shift in focus to redefined sales territories.

The Group said, while the US and UK witnessed accelerated growth, the Eurozone dipped slightly and the growth rate in China declined to 7.0%. The impact of these factors resulted in slower growth in Southeast Asian economy.

Toshiba Corp. said, as announced, the company will not announce fiscal 2015 forecast at the current time, as it continues to evaluate the operational impacts of inappropriate accounting.