It is now focusing on social infrastructure businesses that are resilient to a global economic slump driven by the coronavirus
It forecast profit of 110 billion yen
($1 billion) for the year through March 2021, down from 130.46 billion yen
a year earlier.
REUTERS/Toru Hanai TOKYO (Reuters) - Toshiba
Corp forecast on Friday a 15.7% drop in annual operating profit compared with expectations of a small rise in profit, even as a recent portfolio overhaul helps the industrial conglomerate
limit the impact of the coronavirus
FILE PHOTO - The logo of Toshiba
Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017.
Strong orders for infrastructure projects and cost cuts will help partly offset a 90 billion yen
impact from the outbreak, the company said in an earnings presentation document.