Toshiba: Digital Products Down In Q3 - Twice

Toshiba: Digital Products Down In Q3

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Tokyo - Toshiba reported lower sales and an operating loss in its digital products segment in its fiscal third quarter, a group that consists of its LCD TV and PC businesses.

Digital products segment sales in its fiscal third quarter, ended Dec. 31, 2011, were down 25 percent to 430,759 million yen. The operating loss was 15,163 million yen, compared with a year-on-year loss of 27,189 million yen.

Toshiba said its PC business had positive income but its visual products business, such as LCD TV, saw operating income decrease on lower unit sales in Japan and intensifying price competition.

Sales in its electronic devices segment were down 10 percent to 371,030 million yen, but its operating income grew from 7,824 million yen the prior year to 11,501 million yen in the current quarter.

Hard disk drives, mostly for mobile applications, drew better sales, but semiconductor sales were off due to the yen, flooding in Thailand, price declines in memories, and a falloff for discrete semiconductors and system LSI. And LCDs saw lower sales.

Overall, Toshiba reported lower consolidated net sales and a net loss in its fiscal third quarter. Consolidated net sales decreased by 141.1 billion yen, to 1,441.4 billion yen ($18.5 billion), and the net loss decreased by 23 billion yen, to 10.6 billion yen ($134.8 million).

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