Toshiba Tec to record 4.02 billion yen extraordinary loss

Toshiba Tec Corporation expects to record an extraordinary loss of approximately 4.02 billion yen in its consolidated and non-consolidated financial statements for the second quarter of the fiscal year ending March 31, 2026. This loss stems from the downsizing of Toshiba Tec Information Systems (Shenzhen) Co., Ltd. (TESS), a subsidiary of ETRIA Co., Ltd., which is a joint venture formed by Toshiba Tec and Ricoh Company, Ltd.

The company previously transferred TESS shares to ETRIA on July 1, 2024. A contract signed on September 26, 2024, stipulates that Toshiba Tec will bear a portion of economic compensation payments for employee layoffs at TESS as ETRIA consolidates manufacturing sites to streamline production.

This temporary expense associated with the restructuring has already been reflected in Toshiba Tec's full-year consolidated financial forecast announced on August 6, 2025. No further expenses related to the ETRIA Group restructuring are anticipated from the third quarter of the fiscal year ending March 31, 2026.