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Toshiba

Toshiba

In April, Toshiba reported a smaller than expected operating loss for the year to March 31, which executives attributed to improved profitability in the TV business and increased sales of system LSI products and memory chips.

Global HQ: Tokyo, Japan Website: www.toshiba.co.jp

Global leader: Norio Sasaki, director, president and CEO

Local leader: Mark Whittard, MD Australia

Core activity: Electronics and electrical appliances, battery/fuel cells, computer components, desktop and notebook PCs

Revenue: ¥6.7 trillion (US$86 billion) (FY08-09 ended March 31)

Key customers: St Kentigern College (New Zealand), Frankston High School (Australia)

Employees: 199,000

In April, Toshiba reported a smaller than expected operating loss for the year to March 31, which executives attributed to improved profitability in the TV business and increased sales of system LSI products and memory chips.

However, the company’s net loss was worse than previously expected because of a write-off of deferred tax assets. The company said sales for 2009 would probably meet its revised target of ¥6.65 trillion, issued in January. It reported sales of ¥7.7 trillion last year.

In February, Toshiba announced the acquisition of Fujitsu’s hard-disk drive business, a move that industry watchers say could make the company a leading contender in the enterprise-class solid-state disk drive market, as well as help it leap to the head of the pack in the 2.5-inch HDD space.

Toshiba is also planning to launch an external battery charger based on a direct methanol fuel cell and aiming for fuel cell sales of ¥160 billion by 2015. Teng Fang Yih

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Tags strategic 100 2009

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