Toshiba Tec Reports H1 & Q2 Results
For the first 6 months of the fiscal year 2022, Toshiba Tec’s net sales turned out to be JPY243.9 billion (US$1.72 billion), up 26.9% compared to the same period last year. Operating profit increased 1.6% year-over-year to JPY 6 billion (US$42.35 million).
In the second quarter (Q2), Toshiba Tec’s net sales increased 24.7% year-over-year to JPY 134.6 billion (US$950.07 million), while operating profit increased 4.8% year-over-year.
By segment, workplace solutions business group net sales turned out to be JPY100.2 billion (US$707.28 million) in the first six months, up 12.3% year-over-year. Operating profit was JPY1.1 billion (US$7.77 million), up 2.5% year-over-year.
In Q2, the workplace solutions business group’s net sales turned up to be JPY53.4 billion (US$377.07 million), up 8.7% year-over-year. Operating profit increased 2.2% year-over-year to JPY 1.0 billion (US$7.06 million).
TOSHIBA TEC CORPORATION is a Japan-based company mainly engaged in the development, manufacture, sale and maintenance of office machinery and electrical machinery. The Company operates through two business segments.
Through three business units, the company provides point-of-sale (POS) terminals and electronic cash registers for retailers; office peripherals such as digital copiers, fax machines, and printers; and barcode and radio frequency identification (RFID) printers and terminals for the logistics and financial markets. Toshiba TEC has a worldwide manufacturing and sales network. Its products are generally sold under the Toshiba brand by both domestic and foreign subsidiaries and distributors.
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