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Toshiba posts fiscal Q4 profit

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Toshiba posts fiscal Q4 profit

Toshiba Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥180.82 billion.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 17.7%.

Total revenue came to ¥1.019 trillion, and total operating expenses totaled ¥841.98 billion.

Reported net income totaled ¥948.32 billion, or ¥223.99 per share.

For the year, the company's normalized net income totaled ¥82.87 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of .

EPS was a loss of ¥29.99 in the prior year.

Normalized net income was ¥350.88 billion, compared with a loss of ¥126.97 billion in the prior year.

Full-year total revenue decreased year over year to ¥4.910 trillion from ¥5.197 trillion, and total operating expenses declined year over year to ¥4.549 trillion from ¥5.357 trillion.

The company said reported net income came to ¥314.44 billion, or ¥74.27 per share, in the full year, compared with a loss of ¥589.75 billion, or a loss of ¥139.29 per share, the prior year.

As of Oct. 13, US$1 was equivalent to ¥111.94.