Toshiba Tec Posts Downturn in Sales and Profits in FY 2018

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On May 10, Toshiba Tec reported its financial results for fiscal 2018, which ended on March 31, 2019. Fiscal 2017 was a strong year for the company (see “Toshiba Tec Reports Revenue Growth Plus Record Net Profit in FY 2017”). Toshiba Tec’s revenue increased, but profits soared, and the company posted the highest net income

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