Toshiba forecasts annual profit drop vs rise expected, limited virus impact
TOKYO (Reuters) – Toshiba (OTC:TOSYY) Corp expects annual operating profit to drop 15.7%, it said on Friday, as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak.
It forecast profit of 110 billion yen ($1 billion) for the year through March 2021,