Toshiba Issues Revised Business Forecasts for FY1999|
16 March, 2000
Tokyo--Toshiba Corporation today issued revised forecasts for its consolidated and non-consolidated business for the current fiscal year ending March 31, 2000.
However, the board of directors decided to reflect an extraordinary loss of 330 billion yen in this fiscal term, in order to increase reserves against a projected shortfall in the retirement fund and to minimize the burden of such transfers in coming years. The extraordinary loss will be reflected in the parent company's accounts. In line with the US SEC standards, it will not impact on the consolidated figures.
The year-end dividend covering Oct 1, 1999 through Mar 31, 2000 is expected to be 3 yen per share.
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