Arab Today, arab today toshiba cuts operating profit outlook on quake
Last Updated : GMT 21:18:33
Arab Today, arab today
Arab Today, arab today

Toshiba cuts operating profit outlook on quake

Arab Today, arab today

Arab Today, arab today Toshiba cuts operating profit outlook on quake

Tokyo - AFP

Japan\'s Toshiba on Tuesday said its sales and operating profit forecast for the financial year ended March would miss earlier projections due to last month\'s earthquake and tsunami. The firm lowered its forecasts due to the impact of the March 11 disasters and the power supply problems they triggered, forcing some domestic plants to shut down and lowering production. \"Toshiba?s forecast of consolidated sales and operating income will fall short of projections announced on January 31, 2011, due to the impact of the Great East Japan Earthquake,\" it said in a statement. Supply chains have been broken and power shortages have hit production across key industries, with the impact of the March 11 disasters threatening to throw an export-driven economy into a temporary recession, analysts say. Many key component manufacturers are based in the worst-hit regions of Japan, their facilities damaged by the 9.0 magnitude earthquake or inundated by the giant wave that followed. The shortage of key parts has hit companies worldwide and hit production across Europe, the United States and Asia. Toshiba said it now expects to post an operating profit of 240 billion yen ($2.9 billion), a four percent decrease from its January forecast for 250 billion yen. It cut its revenue outlook to 6.4 trillion yen from 6.6 trillion. The electronics giant, whose business spans consumer electronics and nuclear reactors, was forced to close a chip-making factory in Iwate Prefecture in Japan\'s quake-hit northeastern region, which has since partially resumed production. Toshiba is the world\'s second largest maker of flash memory chips used to store data in hot-selling smartphones, tablet devices and various other consumer electronics, after Samsung Electronics of South Korea. It was also forced to shutter a factory making small liquid crystal display panels at its factory in Saitama Prefecture, north of Tokyo. The plant partially resumed production on March 28 and is to hit full volume by end of this month. However, on Tuesday Toshiba also raised its net profit forecast for the fiscal year that ended last month to 135 billion yen, from 100 billion yen predicted in January, citing smaller-than-expected \"non-operating\" expenses. It is scheduled to release its earnings for the period on May 9.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toshiba cuts operating profit outlook on quake Arab Today, arab today toshiba cuts operating profit outlook on quake

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday