Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business - which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters - posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.The Japanese group's transmission and distribution systems business - a unit that sells PV systems under the Energy Systems and Solutions division - reported "lower sales on deteriorated market conditions in solar photovoltaic systems." The unit recorded net sales of JPY 58.4 billion in the first quarter, down 8.1% year on year.
Toshiba - which posted a group net loss of JPY 460 billion in the preceding fiscal year - attributed its poor results in the 12 months to the end of March 2017 to a $11,096.3 million loss posted by Westinghouse, its bankrupt U.S. nuclear unit. The Tokyo-based conglomerate recorded group net income of JPY 50.3 billion in the first quarter of the current fiscal year, from JPY 79.8 billion in the same period a year earlier.
The group's financial position sharply worsened in the year to the end of March 2017, with total assets of JPY 4,269.5 billion, down roughly JPY 1,163.8 billion from ...Den vollständigen Artikel lesen ...