Tokyo - Toshiba reported lower sales and a reduced net profit in its fiscal second quarter ended, Sept. 30.

However, its digital products segment during the quarter, which includes CE products, had higher operating income.

The main reason for the overall corporate performance year on year was the sharp appreciation of the yen, Toshiba said.

Its digital products segment during the quarter had higher operating income. Sales in this segment were down 5 percent to 450.9 billion yen with operating income at 4.5 billion yen, up 0.5 billion yen.

Toshiba said that while the segment recorded lower sales in Europe and the U.S. and was impacted by the yen's appreciation, operating income increased due to "proactive cost reductions, lower parts and materials costs."
Release Date: 
2011-10-31 20:36:45
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Abstract Web: 
Tokyo - Toshiba reported lower sales and a reduced net profit in its fiscal second quarter ended, Sept. 30.
Article Type: 
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