Toshiba aims to break even in LCDs, TVs in 07/08

Toshiba aims to break even in LCDs, TVs in 07/08

By Reuters

Tokyo: Japanese electronics group Toshiba Corp said on 29 October it aims to break even in its liquid crystal display business and its TV business by the end of this business year.

Both businesses reported operating losses for the April-September first half, with the LCD business posting a 7.7 billion yen loss (Rs265 crore) on price falls in displays for mobile phones, executive vice president Fumio Muraoka said.

Toshiba’s TV business reported an operating loss of tens of billions of yen in the same period, he said. The world’s No.2 maker of NAND flash memory chips after South Korea’s Samsung Electronics Co Ltd also said it expected prices of NAND flash memory, used by clients such as Apple Inc and Nokia in their digital music players and cellphones, to fall 20% in October-March.

That would mean an annual price fall of 40% in 2007/08. Toshiba had previously said it expected a 50% fall in NAND prices.