Toshiba will to post a seven-fold increase from a year earlier in Apr.-Sept operating profit, the Nikkei reported Sunday.
The company's core businesses seems to has stabilized. In a wide range of sectors, including the infrastructure and energy units, profitability improved and costs were cut, according the report.
Consolidated operating profit for the half-year ending September reached about 50 billion yen, or $460 million, roughly seven times that of the same period last year, Nikkei has learned.
Despite the 50 billion yen ($458 million) in operating profit in the six-month period, the company will report on Nov. 13 a net loss because of the weak performance of a chip-making subsidiary and deficits in its LNG business, the newspaper said.
After suffering huge losses in 2016 at its U.S. nuclear power plant business and spinning off its memory business in 2018, Toshiba has been restructuring its entire corporate structure.
Toshiba has shifted to a "profit-first" management, selling its PC business to Sharp in 2018 as part of that strategy.
However, semiconductor memory affiliate Kioxia -- formerly Toshiba Memory -- looks to have performed poorly.
The financial results for the April-September period will be announced on Wednesday.