Toshiba posts 12.3b yen Q1 loss as sales of TVs, PCs fall

Tokyo

TOSHIBA Corp posted a net loss for the first quarter as sales of televisions and personal computers slumped and profit fell at its division that makes chips.

The net loss was 12.3 billion yen (S$144 million) for the three months ended June, the Tokyo-based industrial group reported on Monday. Sales were 1.35 trillion yen, the lowest since the quarter ended December 2012.

President Masashi Muromachi this month pledged a "bold restructuring" of its chipmaking and lifestyle divisions after reporting an annual loss and restating six years' worth of ea…