© Reuters. FILE PHOTO: The logo of Toshiba Corp is displayed atop of the company’s facility building in Kawasaki, Japan, June 24, 2022. REUTERS/Issei Kato
TOKYO (Reuters) – Japan’s Toshiba Corp on Friday reported a 75% slump in second-quarter operating profit and lowered its full-year earnings outlook. It posted an operating profit of 7.54 billion yen ($53.2 million) for the July-September quarter. The result compared with a consensus estimate of 36.9 billion yen from four analysts polled by Refinitiv.
Toshiba, which is exploring options for a buyout, cut its profit forecast for the year ending March to 125 billion yen from 170 billion yen. ($1 = 141.6500 yen)