Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact
 

[May 11, 2020]  TOKYO (Reuters) - Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year.

The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai

It forecast a profit of more than 130 billion yen ($1.2 billion), roughly in line with the previously estimated 140 billion yen.

The outbreak is likely to have reduced revenue by about 40 billion yen and profit by about 20 billion yen, it added.

(Reporting by Makiko Yamazaki)

[© 2020 Thomson Reuters. All rights reserved.]

Copyright 2020 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.