Japanese electronics company Toshiba has to deal with a sizeable loss in the first quarter of its fiscal year, because of slower television and computer sales.
Profit from computer chips is waning
In the first quarter of 2015, Toshiba's turnover reached 1.35 trillion yen (10 billion euro), with a 12.3 billion yen loss (90 million euro). THe consumer electronics division suffered a 20.7 billion yen (150 million euro) operational loss, while the component division - including the important computer chip industry - saw its profits drop 13 % to 35.6 billion yen (360 million euro).
It is the second time in quick succession that Toshiba has had to release weak results: the numbers of its previous fiscal year were delayed after an accounting scandal within Toshiba came to light. The investigation into that scandal is still on-going and there is a good chance the company will have to pay a hefty fine in the future.