Raising Toshiba's FVE to JPY 270, but Sale of NAND Flash Memory Business Is Still not Promising
We will revise our FVE to JPY 270 from JPY 210, as we update our sales price assumption of the NAND flash memory business to JPY 2 trillion from JPY 1.7 trillion. Although it has been extremely volatile because of the huge uncertainty, Toshiba’s share price has raised more than 60% since the latest bottom in March. We believe that this surge is derived from two major causes: 1) the market became more confident about the sale of the memory business; and 2) the forecast of the likely sale price fo...Toshiba is engaged in the manufacture and sale of electronics and energy products. Along with its affiliates, Co. operates in six business segments: energy systems & solutions, infrastructure systems & solutions, retail & printing solutions, storage & electronic devices solutions, industrial ICT solutions, and others. Co. provides thermal power generation systems, nuclear power generation systems, water supply and sewerage systems, instrumentation and control systems, environmental systems, automatic railroad station equipment, transportation equipment, POS systems, small-signal devices, information technology ("IT") solution services, personal computers, tablets, televisions, and others.
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