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Japan's Toshiba boosts profit on devices, auto sector demand



FILE - The logo of Toshiba Corp. is seen at a company’s building in Kawasaki near Tokyo, on Feb. 19, 2022. Toshiba reported Wednesday, Aug. 8, 2022, a 44% improvement in profit for the first fiscal quarter as the Japanese technology giant sought to revamp its brand image and reassure investors about its management. (AP Photo/Shuji Kajiyama, File)
FILE - The logo of Toshiba Corp. is seen at a company’s building in Kawasaki near Tokyo, on Feb. 19, 2022. Toshiba reported Wednesday, Aug. 8, 2022, a 44% improvement in profit for the first fiscal quarter as the Japanese technology giant sought to revamp its brand image and reassure investors about its management. (AP Photo/Shuji Kajiyama, File)






TOKYO — Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.

Tokyo-based Toshiba Corp. said Wednesday that it recorded a 25.9 billion yen ($192 million) profit in the April-June period, up from 18 billion yen the year before. Quarterly sales rose nearly 2% to 740.7 billion yen ($5.5 billion).

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.

In March, investors rejected a company-backed reform proposal to split Toshiba into two businesses. An earlier plan that also was scrapped had called for a three-way split. read the rest here

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