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Toshiba Revises Financial Outlook on Quake, Tsunami Impact

Toshiba won’t be able to meet its full-year revenue and profit forecasts due to the impact of the March 11 earthquake and tsunami in Japan. The company shaved 200 billion (US$2.4 billion) off its sales forecast, and 10 billion off its operating income forecast. The revised revisions represent respective drops of 3 percent and 4 percent to the previous forecasts that were made on January 31. Toshiba is about halfway through calculating full year financial results, which are due to be announced on May 9.”]

Source: https://www.csoonline.com/article/2128305/toshiba-revises-financial-outlook-on-quake–tsunami-impact.html

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