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Toshiba Reports CE Sales Gain, Net Loss In Half

Tokyo – While Toshiba reported increases in consolidated sales and net income, consumer electronics posted a 13 percent sales gain but a loss for its fiscal first half ended Sept. 30.

Consolidated sales during the half were $26.8 billion, an increase of $2.22 billion over the previous year’s first half, while net income was $329.1 million, a $205.1 million gain.

In Toshiba’s digital products business, where its consumer electronics and PC categories reside, sales rose significantly from a year ago largely on increased sales of storage devices and TVs. The PC business saw a sales increase as a result of increased unit sales, primarily in North America and Europe, while the Mobile Phones business saw a sales decline, mostly due to the Japanese market, the company said.

Consolidated sales for digital products increased 13 percent to $11.8 billion. But the unit registered a loss of $64.4 million for the first half.