Despite carrying the burden of developing HD DVD and making a hefty investment in SED TV technology (pictured above), Toshiba’s financial results for the 2005 fiscal year have a rosy glow with a reported 16 per cent profit rise to 41.69 billion Yen in the last quarter. The corporation’s consolidated sales in 2005 were 6,343.6 billion Yen, 507.4 billion Yen higher than the previous fiscal year.
Consolidated income increased by 85.8 billion yen from the same period a year earlier, to 204.6 billion Yen.
The Corporation confirmed that all its business segments have posted healthy results. Income was up 67 billion Yen to 178.2 billion Yen, with net income up by 32.2 billion Yen to 78.2 billion Yen, year on year.
Net sales of digital products increased by 14 per cent, to 312.3 billion Yen; its operating income was 20.9 billion, up 13.6 billion Yen. Mobile phones and storage all performed well. Toshiba’s LCD business remained profitable, but is under pressure from falling prices.
JVC left reeling – but remains confident in D-ILA TV tech
Sharp announces record profits powered by Aquos LCD TVs
Falling LCD prices batter Samsung profits
1 response so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment