Toshiba: Fiscal 3Q20 Financial Results
HDD sales down 16% for 9 months of FY20
This is a Press Release edited by StorageNewsletter.com on February 18, 2021 at 2:16 pmToshiba Corporation announced its consolidated results for the first nine months (April-December) and the third quarter (October-December) of FY20, ending March 31, 2021.
For HDDs and others, including HDDs, materials and devices, and resale of memory products, the Japanese company records ¥116.7 billion in sales for 3FQ20. This figure was down 16% from ¥348.3 billion in the 9 months of FY19 to ¥292.8 billion in the 9 months of FY20.
It’s the result of a deterioration of operation rate in factories in 1FQ20, delays in submission of sample products due to deterioration of factory operation and delays in products approval from customers.
The financial impact was -¥8.9 billion in 3FQ20 and -¥39.8 billion in the 9 months of FY20.
According to Trendfocus, Toshiba shipped 52.80 million HDDs in calendar year 2020, down 16% from 2019, ranking ≠3 in WW industry with 20% global market share, and representing total capacity of 116.10EB.
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