TOKYO -- Toshiba on Monday lowered its profit forecast for the year ending March, as its businesses -- which range from the production of automotive batteries to railway systems -- face rising commodity prices and shortages of semiconductors.
Group operating profit is now expected at 155 billion yen ($1.3 billion), up 48.5% from a year earlier, instead of the 170 billion yen previously forecast on sales of 3.34 trillion yen, up 9%.
