TOKYO -- Toshiba on Friday announced a 94% plunge in operating profit for the six months through September from the same period last year and cut its full-year forecast, as investors monitor discussions about taking the Japanese industrial conglomerate private.
Toshiba's operating profit for the period came to 2.7 billion yen ($19 million), as sales grew 3.2% to 1.6 trillion yen. Its net profit, meanwhile, totaled 100 billion yen, up 68%, thanks to contributions from Kioxia, a memory chipmaking affiliate.
