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Toshiba
(TSE: 6502)
Japan
Under new boss Atsutoshi Nishida, the world's second-largest chip maker is finally hitting its stride. After four years of lackluster earnings, Toshiba's net income in the fiscal year through March rocketed 70%, to $697 million, thanks to restructuring and a 9% gain in revenues, to $56.5 billion. That's helped its share price, which is now up nearly 70% in the past 12 months. The company's big bet is on NAND chips, where it trails market leader Samsung Electronics of Korea. It's investing more than $10 billion on new chip plants over the next three years, and spending on making smaller, denser, less power-consuming hard disks. Energy is a hot sector, too, and in January, Toshiba ponied up $5 billion for Westinghouse Electric's nuclear reactor business, hoping to sell services to China. But the company is hardly giving up on electronics. By 2010, it wants one-fifth of the global market for flat-panel TVs with screens bigger than 40 inches. And it's bracing for a fight over a next-generation DVD format that pits its own HD-DVD standard against Sony's Blu-ray.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 56,555.3 |
| Sales Growth (over prev. year) |
9 % |
| Profits* ($ Millions) | 697.1 |
| Return on Equity | 7.8 % |
| Total Return on Sales (12-mo.) | 70.0 |
| Share Price As of 5/31/06 | 6.69 |
| CURRENT MARKET INFO | TSE: 6502 |
| No. of Employees | |
| Industry | Computers & Peripherals |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Toshiba and its subsidiaries engage in the development and manufacture of electronic devices and components, information and communication systems, digital consumer products, and power systems worldwide. The company's digital products segment offers mobile phones, color televisions, digital high-definition and projection TVs, digital tuners, projectors, industrial and surveillance cameras, DVD recorders and players, digital still cameras, hard-disk drives, portable personal computers, personal digital assistants, servers, copiers, point-of-sale terminals, and other products. Its electronic devices segment provides system large-scale integration devices, microcomputer and peripheral control systems, opto semiconductor devices, polysilicon and amorphous silicon thin film transistor LCDs, and other products. Toshiba's social infrastructure segment offers boiling water reactor plants; nuclear fuel reprocessing facilities; power generating equipment; superconducting magnets; water supply and sewerage monitoring systems; building energy management systems; transportation management systems; railway station service systems; industrial computers; devices for control and measurement systems; broadcasting and network systems; banknote processing machines; automatic letter-processing systems; face-recognition security systems; air-traffic control and navigation-aid systems; elevators and escalators; medical systems; and other products. This segment also offers information technology solutions, software maintenance, and related engineering services. The company's home appliances segment offers washing machines, vacuum cleaners, refrigerators, microwave ovens, fluorescent lights, air conditioners, and batteries. In addition, the company offers network, content, and media services. It has a strategic collaboration with Arc International. Toshiba was founded in 1875 by Hisashige Tanaka. The company is headquartered in Tokyo.
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