Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic Raises Profit Outlook
Toshiba Offers New 4TB and 5TB Desktop HDDs
Samsung Introduces New Ultra Slim Galaxy A5 and Galaxy A3 Smartphones For The Chinese Market
Sharp 2Q Profit Slides
PlayStation 4 Sales Sustain Sony's Quarterly Loss
MSI Debuts The GT80 Titan Gaming Notebook With Mechanical Keyboard
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 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
Toshiba Offers New 4TB and 5TB Desktop HDDs
Toshiba Debuts New 2-in-1 Convertible PC with a 360-Degree Design
Toshiba Develops Lifelike Communication Android, Smart Glasses
New Toshiba Tecra C50 Laptop Delivers Security at Affordable Price
Toshiba to Develop New Transistor Series Using Latest Process Technology
Toshiba to Restructure Its PC Business
Toshiba 2014 4K UHD Models Now Available
Toshiba and SanDisk Celebrate the Opening of the Second Phase of Fab 5 and Start Construction of New Fab 2 Semiconductor Fabrication Facility
Toshiba Achieves world's Highest Rate of Quantum Encryption Key Data Distribution
Logitech Unveils Keyboard Designed For Your Computer, Smartphone and Tablet
Toshiba at IFA 2014
Toshiba Responds To Samsung, Introduces 3-Bit SSD

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .