TOKYO (Kyodo) -- Toshiba Corp. said Friday it expects a 15.7 percent drop in operating profit for fiscal 2020 to 110 billion yen ($1 billion) as the coronavirus pandemic will hit demand for its industrial products and delay the recovery to full production.
The industrial conglomerate also projects its sales to fall 6.2 percent to 3.18 trillion yen. For the current business year through March next year, it estimates the pandemic to reduce operating profit by 90 billion yen, including 46 billion yen in the April-June quarter.
