Japan's Toshiba Annual Profit Dwindles 46.5%

Japan's Toshiba said Tuesday its full-year net profit dropped by almost half to $921 million on a strong yen and weak digital product sales, and last year's natural disasters in Japan and Thailand.

Toshiba said net profit was 73.7 billion yen in the fiscal year to March, down 46.5 percent from 137.8 billion yen a year earlier.