TOKYO (Reuters) – Toshiba Corp said on Friday it expected operating profit to drop 0.5% this financial year, ahead of a planned $15-billion buyout by a group led by private equity firm Japan Industrial Partners (JIP).
Toshiba forecasts operating profit of 110 billion yen ($814.51 million) for the year through March 2024, almost flat with 110.5 billion yen a year prior.
The outlook compared with an average estimate of 166.03 billion yen by seven analysts compiled by Refinitiv.
($1=135.0500 yen)
(Reporting by Makiko Yamazaki; Editing by Clarence Fernandez)
