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8/7, 7:09 AM (Source: TeleTrader)
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Toshiba's net sales drop 3.45% in Q1 to total $7.6B

Toshiba Corp. reported on Wednesday net sales of ¥813.16 billion ($7.66 billion) in its first fiscal quarter of 2019, dropping from ¥842.27 billion in the same period last year. At the same time, net loss attributable to shareholders of the company stood at ¥140.23 billion, compared to an income of ¥1.02 trillion in the corresponding quarter in the year before.

Toshiba added that the sales in Japan represented 55% of the total, up from 53% a year ago, with North America's share rising from 9% to 10% as well. Sales in the rest of Asia were down by 2 percentage points on an annual basis to arrive at 26%.

Electronic devices and storage solutions was the largest segment by percentage in total sales, at 22%, but sliding from 24% in the three months through June of 2019. Infrastructure systems and solutions followed second with 17%, up from 15% annually, and building solutions at 16%.

Breaking the News / NI