Toshiba Tec Lowers FY 2021 Profit Forecast Due to Rising Costs and Supply-Chain Woes

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On April 27, Toshiba Tec Corporation lowered its full-year profit forecast for fiscal-year 2021, citing supply-chain troubles such as shortages for semiconductors, shortages of Toshiba Tec’s finished products, and rising costs for components and transportation. The company is scheduled to report financials results for FY 2021, which ended on March 31, 2022, on May 11.

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