Toshiba: Fiscal 4Q21 Financial Results

Toshiba Corporation announced its financial results for FY21 ended March 31, 2022.

All dollar amounts used in reporting are calculated at ¥122 yen to the dollar.

Toshiba Group’s net sales increased by ¥282.6 billion to ¥,337.0 billion ($27 billion), -3% Y/Y, with operating income at ¥158.9 billion and net income of ¥194.7 billion. The figure was ¥238.1 billion in 4FQ21 (-2.3%).

Electronic Devices & Storage Solutions experienced higher sales in both semiconductors and HDDs and others at $7.0 billion (+0.1% Y/Y) with operating income of $341,992

For HDD and others only (including sales of HDDs, materials and devices, and resale of memory products, etc.), net sales of ¥495.8 billion in FY21 (or $4.4 billion) vs. ¥398.0 in FY20, with operating income of ¥16.7 billion and operating loss of ¥1.2 billion, respectively.

Sales increased in HDDs for large-scale data centers.

Forecast for HDD and others for FY22: ¥490 billion, -1% Y/Y, with operating income of ¥18 billion.