Toshiba Tec (6588) Q1 2025 earnings summary

Executive summary

• Net sales declined 13% year-over-year to 121.4 billion yen due to weaker POS and MFP sales, especially overseas, and adverse FX impacts.

• Operating loss of 2.1 billion yen versus a 4.3 billion yen profit in the prior year, mainly due to US tariffs and reduced overseas retail sales.

• Loss attributable to owners of parent was 5.0 billion yen, compared to a profit of 3.4 billion yen a year earlier.

• Domestic retail sales remained stable year-over-year, but workplace business profits declined from last year's high levels.

• Comprehensive income was negative 5.1 billion yen, reflecting operating losses and FX translation effects.

Financial highlights

• Net sales for FY2025 Q1 were 121.4 billion yen, down 18.8 billion yen year-over-year.

• Operating loss was 2.1 billion yen, compared to a 4.3 billion yen profit in the same quarter last year.

• Ordinary loss reached 3.5 billion yen, and net loss attributable to owners was 5.0 billion yen.

• Gross profit fell to 46.7 billion yen from 57.3 billion yen year-over-year.

• Basic earnings per share was negative 94.18 yen, compared to 65.03 yen in the previous year.

Outlook and guidance

• Full-year FY2025 operating profit forecast is 12.0 billion yen, down from 20.3 billion yen in FY2024.

• Net sales forecast for FY2025 is 550.0 billion yen, a decrease of 27.0 billion yen year-over-year.

• Net profit forecast is 0.0 billion yen, down from 29.9 billion yen last year; dividend is TBD.

• Tariff impact for FY2025 is estimated at 11.0 billion yen, with 7.0 billion yen recovery expected through price revisions and other measures.

• Forecast revision announced due to updated assessment of U.S. tariffs and market conditions.