Tweet

Toshiba Reports Q1 Profit Growth

By TWICE Staff -- TWICE, 7/27/2007

Tokyo — Toshiba reported a five-fold net profit growth in its first quarter (April-June period), resulting largely from semiconductors and special profits from the sale of real estate and a stake in a Japanese music-content venture to EMI Group.

Net income rose to $174 million (20.6 billion yen) in the three months, ended June 30, over the same period in 2006. Toshiba reported a $105.8 million (12.7 billion yen) gain from selling its 45 percent stake in Toshiba-EMI to EMI Group.

The company reported a 1.6 percent rise in quarterly operating profit on its chips and laptops, driven by stronger demand for its semiconductors, including Cell chips used in Sony’s PlayStation3, and chips used in LCD televisions, including those produced by Sharp and Hitachi.

Sales rose 15 percent to $13.3 billion (1.66 trillion yen), Toshiba said. Operating profit rose 1.6 percent to $176.6 million (21.2 billion yen) in the quarter.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

No related content found.

Also by this author

• CEA To Mark 90th Birthday Of Industry Icon Jack Wayman

• Auto Page Restructures Operations

• Monster's Lee Given Plus X Award

• Record CES '12 Attendance, Says Indy Audit

• Mizco Grows Tablet Accessories Line

» MORE

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Webcollage

  

  WebCollage, the world's leading provider of rich product information to retailer web sites (and their mobile visitors) perfected a new form of channel-marketing by helping manufacturers instantly publish content that increases sales, reduces return rates and improve conversions b..more

---

Most Recent Resources

• The Impact of Enhanced Content on Online Retail Sales
• Device Lifecycle Services
• Bicycles & eCommerce
• Benchmark Study of Shopatron Retailers
• Web 2.0: Engaging Customer Passion