The Japanese OEM has released its figures for the first half of 2017.
Toshiba and released their financial results for the first six months of the year, and simultaneously its forecast for the full year figures. The results are positive for the OEM, with operating income, ordinary income, and net income all rising compared to the results from the same period in 2016.
Furthermore, the operating income of Toshiba’s printing solutions business “increased significantly”, which the company puts down to new product ranges.
In the first half of 2017, Toshiba’s operating income rose to ¥10.4 billion ($91.5 million/€78.9 million), from ¥6.4 billion ($56.3 million/€48.6 million) the year before. Meanwhile, ordinary income and net income rose from ¥7.6 billion ($66.8 million/€57.7 million) to ¥9.5 billion ($83.6 million/€72.1 million), and from ¥4.3 billion ($37.8 million/€32.6 million) to ¥5.2 billion ($45.7 million/€39.5 million), respectively. All three increases were substantially larger than those originally forecast by the OEM.
The company’s net sales dropped marginally from ¥243.4 billion ($2.143 billion/€1.848 billion) to ¥243.2 billion ($2.142 billion/€1.847 billion), although the latter figure is again considerably higher than the forecast.
Looking solely at Toshiba’s Printing Solutions Business Group operating income doubled, from ¥2.1 billion ($18.5 million/€15.9 million) in the first half of 2016 to ¥4.2 billion ($36.9 million/€31.8 million) this year.
Net sales also increased, rising to ¥98.3 billion ($865 million/€746 million), from ¥92.4 billion ($813 million/€701 million) in the equivalent period last year.
Toshiba has also published its revised full year forecast, based on these results. Net income is predicted to reach ¥9 billion ($79.2 million/€68.3 million), whilst ordinary income is scheduled to hit ¥18 billion ($158 million/€136 million) and operating income ¥20 billion ($176 million/€151 million). All three represent not only an increase on the full year results for 2016, but also an increase on the OEM’s initial forecast for 2017. Net sales, meanwhile, are forecast to reach ¥505 billion ($4.4 billion/€3.8 billion).
In the Printing Solutions Business Group forecast, it is a similar story, with operating income now forecast to reach ¥7.5 billion ($66 million/€56.9 million) (an improvement on the original forecast of ¥6 billion ($52.8 million/€45.5 million)), whilst net sales in that segment are predicted to hit ¥203 billion ($1.7 billion/€1.5 billion), a significant revision from the original forecast of ¥188 billion ($1.6 billion/€1.4 billion).