Toshiba: FY22 Financial Results

Toshiba Corporation announced its consolidated results for fiscal year 2022, ended March 31, 2023

Among its businesses, Electronic Devices & Storage Solutions recorded higher sales in semiconductors but was offset by declines in mobile and desktop markets. This was compounded by lower sales in the HDD market and nearline HDD market adjustment.

For HDDs and others including sales of HDDs, materials and devices, and resale of memory products, projections in sales are flat: from ¥351.7 billion ($2.93 billion) in FY22 to ¥350.0 billion ($2.92 billion) in FY23 with operating loss of ¥28.1 billion and ¥8.0 billion, respectively.