Toshiba's Profit Reduces Resulted from Quake

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ammy1001
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Joined: Wed Jun 15, 2011 11:25 pm

Toshiba's Profit Reduces Resulted from Quake

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According to Toshiba (Tokyo), the sales of the fiscal fourth quarter is 1.73 trillion yen (about $21.5 billion) which is 102 percent drop when compared to the fourth quarter of fiscal 2009. The net income of Toshiba is 98 billion yen (about $1.2 billion) in the quarter with 11 percent decrease from the fourth quarter of fiscal 2009. The decline of profit is affected by the damage of many chip firms caused by earth quake in March.

Because of this disaster, many chip firms got serious damage.AZ70XXThe subsequent aftershocks also caused power outages which aggravated the situation of chip fabs. Toshiba had to suspend manufacturing at least two chip fabs. The most seriously damaged Toshiba fab is a microcontroller fab in Kitakami, Iwate prefecture, which idled in whole March and did not recover production until April 18, according to Toshiba.

As regard to fiscal 2010, which by the end of March 31,AZ70XXthe sales is 6.4 trillion yen (about $80 billion) with 107 percent increase when compared to fiscal 2009, said Toshiba. And the company posted a net income for the year of 137.8 billion yen ($17.1 billion), up 158 percent from fiscal 2009.
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