Toshiba Corp. reported Wednesday a net loss of 11.35 billion yen ($106 million) in the April-June period due to sluggish performance in its storage device segment amid the coronavirus pandemic.

The Japanese industrial conglomerate logged an operating loss of 12.64 billion yen and sales slumped 26.2 percent to 599.82 billion yen in the first quarter of fiscal 2020 through next March.

Toshiba retained its full-year forecasts for an operating profit of 110 billion yen, down 15.7 percent from the previous year, on sales of 3.18 trillion yen, down 6.2 percent.

It did not disclose its net earnings outlook.

Toshiba has been undergoing restructuring to become a leaner firm with its focus on businesses that can produce stable profits, selling its TV and laptop units. It has exited from its U.S. nuclear power and liquefied natural gas businesses.

==Kyodo

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