Toshiba: Fiscal 4Q20 Financial Results
Revenue for HDDs in FY20 at ¥398 billion, down 12% Y/Y, but nearline units shipped up 31% Q/Q
This is a Press Release edited by StorageNewsletter.com on May 20, 2021 at 2:32 pm| (in ¥ billion) | 3Q20 | 4Q20 | FY19 | FY20 |
| Revenue | 116.7 | 105.2 | 449.8 | 398.0 |
| Growth | -10% | -12% | ||
| Operating loss) | NA | (1.3) | 12.1 | (1.2) |
Toshiba Corp. announced FY20 financial results ended March 31, 2021.
The figures in the table above represent HDDs only (and others: materials and devices, and resale of memory products).
Forecast is excellent with ¥460 billion revenue in FY21 (+16%) and operating income of ¥24 billion.
Despite this poor results, Toshiba America Electronic Components, Inc. (TAEC), an independent operating company owned by Toshiba America, Inc., announced that Toshiba shipped a nearline HDD record of 2.11 million units and 25.6EB in 1CQ21, delivering an average capacity of 12.1TB per unit. These units were up 31% Q/Q and 11% Y.Y while total exabytes shipped vaulted 47% Q/Q and 53% Y/Y.
It’s the same for bigger competitors Seagate and WD being particularly successful in this segment.
High-capacity 3.5-inch HDDs, up to 18TB and rotating at 7,200rpm, are currently the only segment growing in the disk drive industry, as they are largely competitive in price per megabyte compared to SSDs.
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