Japan's Toshiba said Thursday net profit in the nine months to December
soared six fold to 54.52 billion yen ($600 million) thanks to brisk
sales in its semiconductor and power plant businesses.
April-December period, the firm also posted an operating profit of 98.3
billion yen, up 12.1 percent year on year, on sales of 4.04 trillion
yen, down 7.1 percent as troubles in its television unit weighed.
though we saw declines in profit in the digital products segment and
home appliances segment, a record profit in the social infrastructure
segment (including power plants)" boosted results, Toshiba said.
"Our business in thermal power generation plants went very well, as well as our nuclear plant business abroad," it added.
companies involved in atomic power have been increasingly looking
overseas as demand has dried up at home following the 2011 disaster at
On Thursday, Toshiba also said strength in the "high value-added semiconductor products" division helped boost its bottom line.
technology and engineering conglomerate kept its profit forecast for
the fiscal year to March unchanged at 110 billion yen, on sales of 6.1
Electronics manufacturers worldwide are struggling
to profit from making televisions as they face fierce competition in the
overcrowded, low-margin market.