Tuesday, May 30, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Teams Up With Sharp to Advance Adoption of LCDs in VR
ASUS Introduces X299 Based Motherboards at Computex
Samsung Electronics Is Considering Adding Second 3D NAND Line in China
New 4GHz Predator DDR4 Memory Debuts at Computex 2017
ARM Launches New Cortex A75, A55 and Mali-G72 Processors to Power AI, VR Mobile Tech
ASUS Presents New ZenBook and VivoBook Laptops at Computex 2017
New Toshiba XG5 of NVMe SSDs are Using 64-Layer 3D Flash Memory
Sharp's President Confirms US Panel Plant Plan
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 > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 31, 2012
Toshiba Cuts Profit Goal


Toshiba cut its full-year operating profit forecast 13 percent amid weaker sales of semiconductors and as a stronger yen erodes overseas earnings.

Operating income may total 260 billion yen ($3.3 billion) for the year ending March 31, compared with the previous estimate of 300 billion yen, the world's second- largest flash-memory chipmaker said in a statement today.

Toshiba revised its forcasts due to the deepening downturn in the global economy due to the European debt crisis, slowdowns in emerging economies including India and China, and the stronger yen that erodes overseas earnings.

Although Toshiba's Social Infrastructure segment recorded a healthy performance, its Digital Products and Electronic Devices segments saw decreases that reflected impact including market deterioration.

First-half operating income at Toshiba?s social infrastructure business, its biggest by sales, more than doubled to 49.7 billion yen from 24.1 billion yen a year earlier on rising orders to build gas turbines and the acquisition of Landis+Gyr, a Swiss maker of electric meters, last year.

Earnings from home appliances fell 65 percent and electronic devices income slumped 23 percent.

Toshiba also agreed to pay about 125 billion yen to buy out Shaw Group Inc.'s 20 percent stake in its nuclear power equipment unit, Westinghouse Electric Co., it said earlier this month.

Toshiba has also reduced NAND flash memory production by 30 percent since July. Demand for storage cards used in mobile devices including cameras and USB memory slumped amid economic weakness in Europe, prompting Toshiba to cut output at its Yokkaichi factory in Japan, the company said in July.


Previous
Next
UMC Sees Decrease In 4Q12 Chip Shipments        All News        Foxconn 3Q12 Profit Surges
UMC Sees Decrease In 4Q12 Chip Shipments     General Computing News      Foxconn 3Q12 Profit Surges

Get RSS feed Easy Print E-Mail this Message

Related News
New Toshiba XG5 of NVMe SSDs are Using 64-Layer 3D Flash Memory
Western Digital Raises its Offer For Toshiba's Memory Business: report
Broadcom, KKR and SK Hynix - Bain Join Final Bidding Round for Toshiba's Memory Unit
Western Digital Takes Legal Action Against Toshiba to Block Sale Of Memory Chip Business
Toshiba Tells Western Digital To Stop Messing Up With Chip Unit Sale
Toshiba Demonstrates 64-Layer BiCS FLASH on Client NVM Express SSD
Toshiba to Spin Off 4 Operations
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
Toshiba's Shareholders Seek For New Compensatory Damages
Toshiba's New 8TB Consumer Hard Disk Focuses on Reliability
INCJ Added to the List Of Companies Interested In Toshiba's Chip Unit
Apple Eyes Toshiba's Memory Chip Business: reports

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .