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Toshiba Tec post last fiscal year earnings

Net sales up 14.7% to 510,767 million yen ($3.8 billion)

  • Operating profit up 39% to 16,078 million yen ($121 million)
  • Operating profit margin of 3.1%
  • Recorded a $121 million loss due to “loss on litigation” related to a patent dispute
  • Workplace Solutions (printers, MFPs, etc.) division
    • Net sales up 19.5% to 217,672 million yen ($1.6 billion)
    • Operating profit of 6,882 million yen ($50 million)
    • Operating profit margin of 3.2%

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