The prediction came after the Nikkei business daily reported that Toshiba likely had a first-quarter operating loss of more than 10 billion yen as electronic device sales slipped during the virus outbreak.
Toshiba said in a statement the Nikkei report was roughly in line with results it would release later in the day, noting that it flagged in June that operating losses in the April-September half may total 10 billion to 20 billion yen. Toshiba last suffered a quarterly operating loss in the October-December quarter of 2016, at the peak of a crisis stemming from the failure of its U.S. nuclear power unit Westinghouse.
After cleaning up its cook book, people thought that it'd be gone for good by its huge assets sold out (hisense tv is one of its beneficiaries). Toshiba was one of the magnificient JP companies. It's still today but in a diff scope.
Which is unfortunate but realistic. Many industries could use this time to trim upper echelon waste.
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