Toshiba Corporation reported that its net sales for the first half of the fiscal year increased 13% when compared to the same period last year to climb to ¥1,546 billion ($13.5 billion)
The company's net income hit ¥59.8 billion ($520 million), skyrocketing from last year's figure of ¥3.5 billion ($31 million). Meanwhile, Toshiba's operating income also saw a significant yearly gain, jumping 1,351% to ¥45 billion ($390 million). It's company's earnings per share went from ¥7.70 ($0.07) in 2020 to ¥133.76 ($1.17) this year.
Lastly, Toshiba noted that the impacts of semiconductor shortages and material and logistics costs were offset by strong sales and operating income, adding that the amount of orders increased by 19% year-over-year.
