{"id":5245,"date":"2023-05-12T11:30:10","date_gmt":"2023-05-12T06:30:10","guid":{"rendered":"https:\/\/www.asiafreepress.com\/?p=5245"},"modified":"2023-05-12T11:30:12","modified_gmt":"2023-05-12T06:30:12","slug":"toshiba-expects-0-5-drop-in-annual-profit-ahead-of-jip-buyout","status":"publish","type":"post","link":"https:\/\/www.asiafreepress.com\/en\/news\/toshiba-expects-0-5-drop-in-annual-profit-ahead-of-jip-buyout\/","title":{"rendered":"Toshiba expects 0.5% drop in annual profit ahead of JIP buyout"},"content":{"rendered":"<p><strong>TOKYO, May 12 (Reuters) &#8211; Toshiba Corp\u00a0(6502.T)\u00a0said on Friday it expected operating profit to drop 0.5% this financial year, ahead of a planned $15-billion buyout by a group led by private equity firm Japan Industrial Partners (JIP).<\/strong><\/p>\n\n\n\n<p>Toshiba forecasts operating profit of 110 billion yen ($814.51 million) for the year through March 2024, almost flat with 110.5 billion yen a year prior.<\/p>\n\n\n\n<p>The outlook compared with an average estimate of 166.03 billion yen by seven analysts compiled by Refinitiv.<\/p>\n\n\n\n<p>($1=135.0500 yen)<\/p>","protected":false},"excerpt":{"rendered":"<p>TOKYO, May 12 (Reuters) &#8211; Toshiba Corp\u00a0(6502.T)\u00a0said on Friday it expected operating profit to drop 0.5% this financial year, ahead of a planned $15-billion buyout by a group led by private equity firm Japan Industrial Partners (JIP). Toshiba forecasts operating profit of 110 billion yen ($814.51 million) for the year through March 2024, almost flat [&hellip;]<\/p>","protected":false},"author":21,"featured_media":5246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,3,396,2],"tags":[],"class_list":["post-5245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-business","category-latest","category-news"],"_links":{"self":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/5245"}],"collection":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/comments?post=5245"}],"version-history":[{"count":0,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/5245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media\/5246"}],"wp:attachment":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media?parent=5245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/categories?post=5245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/tags?post=5245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}