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Toshiba Tec Posts Much Improved Financial Results Due to Easing of U.S. Tariffs, Higher Sales, Etc.

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Toshiba Tec of Japan today reported financial results for its first quarter, which ended on June 30, 2026.

In a nutshell, it was a great quarter for the company, including for its Workplace Solutions business.

First-quarter net revenue was ¥148.89 billion ($934.94 million), up 22.7 year-over-year (YoY); operating profit was ¥4.38 billion ($27.50 million), versus a loss for the first quarter a year earlier; and net income was ¥2.01 billion ($12.55 million ), versus a loss for the first quarter a year earlier.

Toshiba Tec said net revenue was up due mainly to significantly increased sales of point-of-sales systems for overseas markets, and favorable foreign-currency exchange rates. 

Additionally, profit was up mainly due to the successful offsetting of cost increases and downturn in customer demand caused by U.S. tariffs, which had been the primary causes of profit deterioration in the same period of the previous fiscal year.

Both the company’s Retail Solutions and Workplace Solutions’ businesses achieved increases in both net sales and operating profit. In the overseas Retail business, customer investment that had been delayed due to the impact of U.S. tariffs recovered. In the Workplace business, measures such as price revisions contributed to improved profitability.

Workplace Solutions Group

Workplace Solutions’ first-quarter net revenue was up 12 percent YoY, and operating profit was up 97.13 percent YoY. 

Retail Solutions Business

Retail Solutions’ net revenue was up 31 percent YoY, and operating profit was up ¥486 million ($3.05 million) versus a loss for the first quarter a year earlier.

Forecast

Toshiba Tec maintained its forecast for its fiscal year that will end on March 31, 2027. 

It said that while it expects U.S. tariff refunds will help it increase profit, it must take into account the risks associated with rising costs for semiconductors, oil, and other components, as well as demand uncertainty.

For the year, the company is forecasting net revenue of ¥610.00 billion ($3.83 billion), up 7.2 percent YoY; operating profit of ¥20.00 billion ($125.58 million), up 39.5 percent YoY; and net income of ¥7.00 billion ($43.95 million), versus a loss for the previous year.

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