TOKYO, Nov. 14 (Xinhua) — Japan’s Toshiba Corporation reported on Tuesday a internet lack of 52.14 billion yen (344 million U.S. {dollars}) for the six months ended September, marking its final earnings announcement earlier than its stock delisting scheduled for subsequent month.
The determine for the primary half of fiscal 2023 is a reversal from a internet revenue of 100.66 billion yen Toshiba logged a yr earlier, because the Japanese conglomerate posted a lack of about 100 billion yen linked to its 40 % stake in its chip affiliate Kioxia Holdings Corp.
Sales within the reporting interval fell 6.1 % from a yr earlier than to 1.50 trillion yen, partly because of the shrinking marketplace for exhausting disk drives and falling demand for semiconductors.
Toshiba introduced final month that it is going to be delisted from the Tokyo Stock Exchange on Dec. 20, ending its 74-year-long historical past as a public firm, because it seeks to rebuild itself following a takeover bid. (1 U.S. dollar equals 150.89 Japanese yen)