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Toshiba Tec Returns to Profitability, But Declines to Issue Forecast Due to Tariff Uncertainty

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On May 12th, Toshiba Tec reported financial results for its complete fiscal year and fourth quarter, with both ending on March 31, 2025.

In a nutshell, results were excellent, but the company declined to issue a forecast, citing uncertainty involving U.S. tariffs.

Full Year

For the full year, Toshiba Tec’s net sales, operating profit, ordinary profit, and net profit all exceeded those of the previous year, with sales and net profit reaching record highs

Net sales were ¥577.02 billion ($3.90 billion), up 5 percent year-over-year (YoY), due mainly to increased sales of point of sale (POS) systems for the overseas market, and the positive impact of foreign exchange rates. 

Profit for POS systems for the overseas markets, mainly in the Americas, improved, and the profitability of copier/MFPs continued to secure profit despite a decline in profit due to a decrease in sales beginning in October 2024, resulting in full-year operating profit of ¥20.25 billion ($137.01 million), up 28 percent YoY.

Net income was ¥29.93 billion ($202.51 million), versus a loss for the previous year. 

Workplace Solutions Business Group 

The Workplace Solutions Business handles MFPs, auto ID systems, inkjet print, and related products.

Toshiba Tec said that there was a severe business environment for this business marked by declining printing volumes due to work style reforms and office digital transformation (DX), as well as intensifying competition. 

However, sales of MFPs increased due to strong sales in the Americas, Asia, and other regions and the impact of foreign exchange rates. 

As a result, full-year net sales for the Workplace Solutions Business Group were ¥247.09 billion ($1.67 billion), up 2 percent YoY. Operating profit was ¥12.15 billion ($82.21 million), down 11 percent YoY due to a deterioration in profit for MFPs caused by lower sales beginning in October 2024, despite structural reforms.

Fourth Quarter

Toshiba Tec’s fourth-quarter net revenue was ¥151.5 billion ($1.02 billion), up 0.07 percent YoY, and operating profit was ¥8.5 billion ($57.51 million), up 24.71 percent YoY.

ETRIA

The firm noted that it established the ETRIA company with Ricoh for joint MFP development and manufacturing in July 2024, and that OKI of Japan will also join ETRIA in October 2025. It also noted that it transferred its Inkjet Head Business to RISO Technologies in July 2024.

Forecast

Toshiba Tec declined to issue a forecast due to the impact of U.S. tariffs. It noted however that it expects operating profit for its full year, which will end on March 31, 2026, will improve by approximately 20 percent YoY before the impact of tariffs. It also expects that the annual impact of the tariffs will be a loss of ¥12 billion ($81.12 million) for operating profit. 

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