Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Toshiba Reports Loss in Fiscal Half
Oct 24, 2003
 Printable format
 Email this Article
 Search

Japanese electronics maker Toshiba Corp. sank deeper into losses for the first half of the fiscal year compared to the same period a year ago, as sales tumbled in personal computers, TV sets, cell phones, and air-conditioners.

The Tokyo-based company posted a 32 billion yen (U.S. $292 million) loss in the April through September period -- an even bigger loss than the 26 billion yen a year ago. Fiscal-half sales totaled 2.6 trillion yen ($23.7 billion), down 1 percent from 2.64 trillion yen, the company reported.

About 90 billion yen ($822 million) of the sales drop came from the transfer of businesses from the parent company, such as TV cathode-ray tubes and power transmission, according to Toshiba. Without such transfers, sales would have increased, it said.

The results were slightly worse than Toshiba's outlook in September, when it projected a loss of 25 billion yen ($228 million) on 2.6 trillion yen ($23.7 billion) in sales.

Price falls battered Toshiba's personal computer sales, offsetting gains in the numbers of PCs sold both in Japan and overseas. Television and cell phones sales were also sluggish, although liquid crystal displays (LCDs) and computer chips fared better. Air-conditioner sales faltered in Japan because of an unusually cold summer, but the nuclear power plant business improved, the company said.

Toshiba said it expected recovery in the second half as the U.S. economy continues to rebound and companies in Japan begin to spend more. But global uncertainty remains about the continuing drop in electronic prices, it said.

Toshiba is forecasting a return to profitability for the fiscal year ending March 31, 2004. It expects a 25 billion yen ($228 million) profit, up 35 percent from 18.5 billion yen in fiscal 2002 on 5.6 trillion yen sales, unchanged from a year ago. (AP)

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows