Toshiba, a major electronics manufacturer, posted an operating loss of 4.8 billion yen in the financial results for the three months until June this year, due to factors such as soaring global raw material prices.
Toshiba announced the financial results of the entire group from April to June this year, sales increased by 1.8% from the same period of the previous year to 740.6 billion yen, while operating loss was 4.8 billion yen deficit. .
Revenues from overseas infrastructure and power generation businesses were inflated by the impact of the weaker yen, and sales increased. In addition, the shortage of semiconductors affected production, leading to the first deficit in two years during this period.
However, we have left our forecast of an operating profit of 170 billion yen for the current fiscal year unchanged, as we expect to see progress in price passing on.
Masayoshi Hirata, CFO of Toshiba, said, "The impact of semiconductor shortages and soaring raw material prices has exceeded expectations somewhat. We would like to steadily raise sales prices."
In addition, Toshiba announced in the middle of last month that it had received false instructions from a person pretending to be a senior executive at a subsidiary in the United States, and outflowed approximately 500 million yen in Japanese yen to the outside.
We have filed a damage report with the investigative authorities, so we plan to post a loss in the second quarter financial results.