Wirth Consulting

For in-depth print and document workflow research and insight

Tough Nine Months for Toshiba Tec, but Improvements in Third Quarter as Company Mitigates Tariffs

by ·

On February 9th, Toshiba Tec of Japan released financial results for its third quarter and last nine months, with both ended on December 31, 2025.

The company painted a bleak picture of declining revenue, profit, and income, but on the positive sides, its financials improved significantly in its latest quarter, and it says it’s mitigating the cost of U.S. reciprocal tariffs that have cost it millions in revenue

Nine-Month Period

Toshiba Tec’s nine-month revenue was ¥399.83 billion ($2.61 billion), down 6.0 percent YoY; operating profit was ¥2.54 billion ($16.58 million), down 78.4 percent YoY; and net income was a loss of ¥8.81 billion ($57.51 million).

The company said revenue was down due to decreased sales of both office copier/MFPs and retail point-of-sale (POS) systems. This, along with the negative effect of U.S. reciprocal tariffs, resulted in sharply lower operatingprofit and net income.

The company also said that sales of MFPs in Japan declined due to a decrease in printing volume and customers refraining from purchasing. Sales of MFPs for overseas markets also declined, due to a decrease in sales in all regions, mainly in the Americas as a result of the U.S. tariff measures, and a reaction following the temporary increase in sales resulting from the recovery of product supply in the same period for the previous fiscal year.

Workplace Solutions Business

Toshiba Tec’s Workplace Solutions business handles MFPs for overseas markets, auto ID systems for overseas markets, and related products.

Nine-month revenue for the Workplace Solutions business was ¥165.51 billion ($1.08 billion), down 6 percent YoY, and operating profit was ¥2.39 billion ($15.60 million), down 71 percent YoY,  due to the deterioration of profit and loss across all regions.

Tariffs

Toshiba Tec said the impact of tariffs for the nine-month period was ¥11.0 billion ($71.81 million), but expects that the indirect impact of tariffs, such as deteriorating market conditions, will ease starting in the next quarter and beyond.

It expects to minimize the impact of U.S. reciprocal tariffs in the fourth quarter (January to March 2026) through price revisions, optimization of production sites, and sales maximization by fulfilling demands postponed from earlier periods

Third Quarter

Toshiba Tec’s third-quarter revenue was ¥142.2 billion ($928.31 million), up 4.23 percent YoY, and operating profit was ¥3.6 billion ($23.50 million), up 36.11 percent YoY.

Forecast

Toshiba Tec forecast that operating profit for its fourth quarter (January to March 2026) will increase significantly across all businesses as it mitigates tariff costs. For its fiscal year that will end on March 31, 2026, it raised its forecast for revenue. It’s forecasting full-year revenue of ¥570.00 billion ($3.71 billion), down 1.2 percent YoY; operating profit of ¥12.00 billion ($78.33 million), down 40.7 percent YoY; and zero (0) profit versus net income of ¥8.00 billion  ($52.17 million) for the previous year.

More Resources