Toshiba on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signaling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations.
Toshiba, whose output is as diverse as consumer electronics and nuclear power reactors, reported profit of 20.1 billion yen ($197 million) for April-June. That compared with a year-earlier loss of 6.5 billion yen, and missed the Starmine SmartEstimate of a 33.5 billion yen profit based on five analyst estimates.
