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%