Toshiba is now 479.4 billion Yen in the red according to latest FY2015 report
Toshiba has reported its financial results for its first three fiscal quarters ending March 31, 2016. During these nine months, sales have fallen by 6.4 percent from 4.723 trillion Yen to 4.421 trillion Yen (33.79 billion Euros) while net income is -479.4 billion Yen in the red compared to a 107.2 billion Yen a year earlier.
Strong areas of the manufacturer include its Energy, Electronic Devices, and Components sectors who deal directly with storage, semiconductors manufacturing, and memory. Weakening areas include Toshiba's Lifestyle Products and Services that are involved in PCs, household appliances, and other consumer electronics.
The Japanese manufacturer recently announced massive restructurings and with additional layoffs to come. Toshiba announced a partial withdrawal from the notebook business whilst selling off its smartphone sensor arm to Sony late last year in hopes of refocusing its efforts to enterprise HDDs, SSDs, and more streamlined products.
A worldwide recall of Panasonic batteries for specific Toshiba notebooks was issued late last month. Potentially affected models span over five years and can only tarnish the manufacturer's already mediocre image to the public regarding notebooks and portables. A current limited time promotion allows new Satellite owners to sign up for 36 months of extended warranty free of charge to encourage more buyers.