Monday, September 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Creative's Super X-Fi Magical Headphone Holography Launches
Google Automatically Logs Users into Chrome Whenever They Log into a Google Site
Singapore Fines Grab and Uber
Intel Targets 5G Infrastructure with New Silicon Photonics Transceivers
WD Proposes New Approach to Providing Fault Tolerance in SCM-based Memory
Comcast is the Winner in Auction for Sky
Fujitsu Algorithm Achieves Compresses Images by 1,000:1
Samsung Galaxy J4+ and J6+ Launched in India
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 19, 2008
Toshiba Posts Revised Business Forecast


Toshiba today announced a revision to its business forecast for FY2007, ending March 31, 2008, which includes lower sales figures and losses due to the discontinuation of the HD DVD business.

The new business forecast replaces the previous forecast announced on October 29, 2007.

Toshiba expects net sales to be lower than previously forecast, reflecting the discontinuation of the HD DVD business and the decline in sales prices of NAND flash memories.

While toshiba's PC business and Social Infrastructure segment are moving forward strongly, the Semiconductor business has seen a significant decrease in operating income due to a larger than anticipated declines in sales prices of NAND flash memories. Given this, the overall operating income is anticipated to see a decrease from the previous forecast. Income before income taxes and minority interest and net income are also expected to decrease from the previous forecast, primarily on costs incurred in the discontinuation of the HD DVD business.

Toshiba lowered its earnings forecast for this fiscal year on Wednesday on 45 billion yen ($460 million). Toshiba also said it would rack up a 65 billion yen ($666 million) operating loss in its HD DVD business.

The Japanese electronics maker lowered its group profit forecast for the fiscal year ending March 31 to 125 billion yen ($1.26 billion), down from the initial forecast for 180 billion yen profit. Toshiba had earned a 137 billion yen profit the previous fiscal year.

The Japanese company also lowered its sales projection for the fiscal year ending March 31 to 7.7 trillion yen ($78 billion) from the earlier 7.8 trillion yen.


Previous
Next
TiVo Brings Internet Video on Television Sets        All News        Adobe Adds DRM to Flash With New Media Rights Management Server
Best Buy to Offer $10 mln to HD DVD Purchasers     Optical Storage News      Convert Movie Files For Viewing on Portable Digital Devices With TMPGEnc MovieStyle

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Memory Accelerates 96-layer 3D flash Memory Production, Sticks with IPO Plans
Toshiba Posts Quarterly Profit on Chip Sale
Toshiba Delivers First SSD Using 96-Layer 3D Flash Memory
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Toshiba Develops 703cm2 Film-based Perovskite Photovoltaic Module With a 11.7 Percent Power Conversion Efficiency
Toshiba Delivers RM5 vSAS Series SSDs Targeting SATA Applications
Value-Optimized Toshiba RC100 NVMe SSDs Now Available
Sharp to buy Toshiba's PC Business
Sharp close to Buying Toshiba's PC Business
Bain Capital to Support Toshiba Memory's Future Acquisitions
Toshiba Completes $18bn Sale of Flash Memory Unit
Toshiba Introduces New XS700 Series of Portable SSDs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .