Toshiba earn significantly less on PCs and TVs




Toshiba has turned considerably less turnover in the last quarter than in the same period last year, especially in the “lifestyle products”, including PCs, home appliances and LCD TVs. These divisions put 76.3 billion yen less to converted about 564 million euros.

Toshiba logo The medical division of the Japanese electronics group, inter alia tomography imaging devices and systems, then did a lot better. She recorded a growth of 10 billion yen in the quarter, which ran from April to June 2015. Toshiba writes turnover reduction of net 64 billion yen in part to ‘risk factors’ such as natural disasters and legal problems such as the accounting scandal. Negative growth of the economy in the homeland itself and rapidly evolving situations in several other markets, including in political and economic terms, are mentioned as the cause.

With the heavy losses in the PC and TV division will be subject to increasing pressure on the interim CEO of the company, writes Yahoo Finance. Interim CEO Masashi Muromachi took over the function of Hisao Tanaka on his position after the latter resigned because of the accounting scandal. Muromachi said Monday that he is considering the underperforming divisions to a thorough investigation. Analysts also expect large savings from operations include the PC and TV divisions.

Muromachi said that he will not long remain as CEO. A successor must be ready after every major retrenchment exercises completed.


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