Toshiba reported its results for the first quarter of FY2025, ending 30 June 2025. Net sales fell 1.5% year-over-year due to weaker performance in Retail & Printing Solutions, despite growth in public infrastructure, semiconductors and HDD.
Operating income rose sharply to ¥40.1 billion, nearly three times higher than last year’s ¥14.3 billion, supported by strong results in energy, infrastructure, HDD, defense, elevators and semiconductors.
Net income saw a significant jump, boosted by profits from the sale of shares in some businesses, adding over ¥100 billion compared to last year. Free cash flow also improved by ¥226 billion, driven by these asset sales, better EBITDA and improved working capital.
Orders remained strong, especially in Energy Systems & Solutions, with the order backlog reaching its highest level since 2018.
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