Toshiba reported a 44 percent improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Know more:
TOKYO—Toshiba reported a 44 percent improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.
Toshiba has promised to boost sales by forging ahead with clean energy, infrastructure projects, data services, devices and storage businesses. Profitability improved for electronic devices, storage and digital solutions, and demand was good from the auto sector, it said. Toshiba has been studying privatization as it tries to move ahead with its restructuring plan. It has set up a special committee that includes outside directors to oversee restructuring efforts.
The company has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that’s still partly a no-go zone. The company is involved in the decommissioning effort, which will take decades.
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