Toshiba Raised Earnings Forecast Driven by Strong Demand of NAND Flash Memory; in Line with our View
Toshiba reported JPY 76.7 billion operating profit for the September quarter, which was above our forecast of JPY 55 billion for two reasons. First, supply-demand balance of NAND flash memory was tight as Chinese set makers increased storage, and the new iPhone 7/7plus began mass production. Second, HDD demand from note PC and game consoles was solid. On the other hand, the profitability of Toshiba’s TV business was below both our forecast and company’s guidance, in contrast with many other majo...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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