Toshiba returns to black on smartphone chip demand

Jan 31, 2011

(AP) -- Toshiba Corp. said Monday it returned to the black in the October-December quarter thanks to robust global demand for the flash memory chips used in digital cameras and smartphones.

Toshiba's net profit of 12.4 billion yen ($151 million) reversed a net loss of 10.6 billion yen in the same period in 2009.

The Japanese conglomerate - whose business encompasses everything from memory chips to household electronics to nuclear power plants - said booming global demand for flash memory chips helped the company swing into the black for the quarter.

Toshiba is one of the world's largest producers of NAND-flash memory, the chips used for storage on smartphones, portable music players, mobile phones and digital cameras.

Operating income from its electronic devices business which includes flash memory chips, totaled 17.3 billion yen in the October-December quarter compared with an operating loss of 6.6 billion yen in the same period in 2009.

Toshiba's quarterly revenue rose 1.6 percent year-on-year to 1.6 trillion yen. Over half of Toshiba's revenue comes from overseas. Toshiba's sales in North America expanded 7.2 percent with those in Asia slightly down.

For the nine months to December, Toshiba's operating income surged to a record 142 billion yen from 16.6 billion yen in the same period in 2009.

For the fiscal year through March 2011, Toshiba expects to post a net profit of 100 billion yen, against a net loss of 19.7 billion yen a year earlier, with revenue likely to increase by 4.9 percent to 6.6 trillion yen.

Explore further: News Corp. to buy Move Inc. for about $950 million

not rated yet
add to favorites email to friend print save as pdf

Related Stories

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.

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.

Toshiba profits surge but yen overshadows outlook

Nov 09, 2010

Japanese electronics giant Toshiba said Tuesday its net profit surged in the three months ended September from a year earlier but left its profit outlook unchanged on uncertainties caused by a strong yen.

NEC sees losses triple

Jan 27, 2011

Japan's NEC said Thursday its net loss in the October-December quarter almost tripled from a year earlier, blaming a delay in the recovery of IT-related capital investment in the country.

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.

Recommended for you

What's PayPal's first solo move?

14 hours ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

19 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

23 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0