Japan's Toshiba almost trebles first-half earnings forecast

Oct 21, 2010

Japanese electronics giant Toshiba on Thursday almost trebled its profit projections for the first half, thanks to strong sales of semiconductors and liquid crystal displays.

For the six months to September, upgraded its net profit expectation to 27 billion yen (333 million dollars) from an earlier estimate of 10 billion yen.

Its operating profit is estimated at 104 billion yen, up from an earlier estimate of 70 billion.

Toshiba, which produces everything from light bulbs to nuclear power plants, said its semiconductor business, led by NAND flash memory products, enjoyed significant successes during the period, boosting the profit figures.

Its LCD operation also returned to the black, adding to the earnings, Toshiba said.

However, it cuts its sales forecast to 3.08 trillion yen from an earlier projection of 3.30 trillion yen, due to the appreciation of the yen and the discontinuation of its mobile phone business.

Toshiba will announce its first half earnings on November 9.

Explore further: Judge approves $450 mn deal in Apple ebook suit

add to favorites email to friend print save as pdf

Related Stories

Japan's Toshiba still in red

Jul 29, 2009

Japanese high-tech giant Toshiba said Wednesday it had lost more than 600 million dollars in the fiscal first quarter as the economic downturn hit sales of televisions and other electronics.

Japan's Toshiba sees losses narrow

May 07, 2010

Japanese high-tech giant Toshiba Corp. announced Friday a sharply narrowed annual net loss based on strong demand for flash memory chips used in laptops, smartphones and other gadgets.

Sony rebounds to profit in April-June quarter

Jul 29, 2010

(AP) -- Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions.

Toshiba to cut costs by $3.5 bln

May 24, 2009

Japanese electronics giant Toshiba plans to reduce fixed costs 10 percent more than previously announced, a news report said on Sunday.

Toshiba to spend big on chips, nuclear power

May 11, 2010

(AP) -- Toshiba Corp. unveiled an ambitious three-year agenda Tuesday, aiming to quadruple profits and spend $14 billion to amplify its strengths in semiconductors and nuclear power.

Fujitsu back in the black for fiscal year

Apr 30, 2010

Japan's Fujitsu, embroiled in a dispute with its former boss, announced a return to profit Friday after massive losses the previous year as cost-cutting measures offset a decline in sales.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Vendicar_Decarian
not rated yet Oct 22, 2010
Why is the Capitalist state of America dying when Socialist states like Japan are doing very well in comparison?

Could 30 years of Borrow and spend Conservative American treason have something to do with it?

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.