Toshiba’s Q3 sales were 3% down on Q3 2010 at $20.48bn and net profit was 19% down on Q32 2010 at $284m. Toshiba blamed the effects of the earthquake, the strong Yen, the high unemployment in the
For its fiscal year to the end of March 2012 it expects sales of $89.6bn, operating profit of $3.84bn and net profit of $1.8bn.
Toshiba’s semiconductor business had lower sales reflecting price reductions in memories and a “temporary decrease in demand for System LSIs.” Toshiba recorded electronics devices sales of $2.43bn for a profit of $140m.
The PC business had higher operating income following cost reductions and lower parts and materials costs.
The visual products business, including TVs, felt the impact of price declines in
