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Toshiba recorded a net deficit of 377 million euros in April-September

The Japanese technological corporation Toshiba incurred a net deficit of 49,790 million yen (377 million euros / 437 million dollars) between April and September, a 78.6 percent less than the one registered a year earlier, mainly due to the spin-off of its chip branch.

Tokyo, Nov 9 (EFE) .- The Japanese technological corporation Toshiba incurred a net deficit of 49,790 million yen (377 million euros / 437 million dollars) between April and September, 78.6 percent less than the one registered a year earlier, due mainly to the spin-off of its chip branch.

In the aforementioned period, first half of the Japanese fiscal year, its operating profit amounted to 213,770 million yen (1,629 million euros / 1,889 million dollars), which is a record figure and more than double that between April and September 2016, the company announced today in a statement.

Its sales revenue also doubled to 2,386 billion yen (18,096 million euros / 20,994 million euros). dollars).

This advance was due to the good performance of the market for electronic devices and data storage, while its energy and infrastructure areas saw Its sales decreased, explained Toshiba.

The factor that had the greatest impact on its results, however, was the spin-off of its branch of memory chips, the most profitable of the company, and in particular "the derived fiscal costs" of said operation.

Toshiba constituted last April a separate entity with its branch manufacturer of NAND flash memory, the second largest global market share after South Korea's Samsung Electronics, with a view to obtaining liquidity and offsetting part of the losses caused in its nuclear operations in the US.

The board of The group's shareholders recently approved the sale of the new spun-off entity to an international consortium led by the US investment fund Bain Capital, of which They are part of companies such as Apple or South Korea's SK Hynix.

Both parties plan to agree by the end of March 2018 the final terms of the operation, which could be closed around to 2 trillion yen (about 15.166 million euros / about 17.594 million dollars).

For the current year, which will end at the end of March 2018, Toshiba expects to register a net deficit of 110,000 million yen (834 million euros / 967 million dollars), which would be the eighth part of the previous year.

Its operating profit was would double to 430,000 million yen (3,260 million euros /3,782 million dollars), while its turnover for sales would advance slightly to 4.97 billion yen (€ 37,687 million /43,726 million).

This estimate of results does not include the foreseeable income from the sale of its chip branch, with which the company expects Close the exercise in positive.

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