Toshiba says likely to report first-quarter operating loss on coronavirus impact

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The prediction came after the Nikkei business daily reported that Toshiba likely had a first-quarter operating loss of more than 10 billion yen ($94 million) as electronic device sales slipped during the virus outbreak.

Toshiba said in a statement the Nikkei report was roughly in line with results it would release later in the day, noting that it flagged in June that operating losses in the April-September half may total 10 billion to 20 billion yen.

Toshiba last suffered a quarterly operating loss in the October-December quarter of 2016, at the peak of a crisis stemming from the failure of its U.S. nuclear power unit Westinghouse.