Toshiba has promised to boost sales by forging ahead with clean energy, infrastructure projects, data services, devices and storage businesses. Profitability improved for electronic devices, storage and digital solutions, and demand was good from the auto sector, it said.
In March, investors rejected a company-backed reform proposal to split Toshiba into two businesses. An earlier plan that also was scrapped had called for a three-way split.
Toshiba has been studying privatization as it tries to move ahead with its restructuring plan. It has set up a special committee that includes outside directors to oversee restructuring efforts.
Founded in 1875, Toshiba was a revered Japanese brand behind electric rice cookers and laptop computers. It sold off its prized flash memory business as its fortunes tumbled.
The company has been struggling since the Fukushima nuclear disaster in
It also was embroiled in problems at its former
Its reputation also was tarnished by an accounting scandal, which involved books being doctored for years.
Toshiba officials declined comment on the direction of its nuclear business, noting Wednesday's event was focused on financials. They said a review was continuing.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source