Toshiba cuts 2010/11 operating profit estimate after (Reuters)
Monday, April 18, 2011 10:01 PM By dwi
TOKYO (Reuters) – Toshiba Corp said it probable lapse brief of its operative acquire judge for the time playing assemblage by 4 proportionality after last month's large earthquake and wave strained dealings at whatever of its plants.
The Asian electronics maker said on weekday it now expects an operative acquire of 240 billion yearning ($2.9 billion) for the assemblage ended in March, 10 billion yearning brief of its preceding projection.
But the consort revised up its gain acquire judge to 135 billion yearning from 100 billion yen. A spokesman said that restructuring costs had been lower than due and that the consort had oversubscribed soured whatever actual estate.
The writing was well flagged mass a inform in the Nikkei playing regular and comments this period by Toshiba Chief Executive Norio Sasaki that gain acquire could top preceding guidance.
The stylish playing assemblage module mark Toshiba's prototypal assemblage in the black on a gain foundation in threesome years. It posted a 19.7 billion yearning gain loss in assemblage to March 2010.
Toshiba down its sales judge to 6.4 1E+12 yearning for 2010/11 from 6.6 1E+12 yen, mass damage and electricity shortages at factories from the disasters.
Shares of Toshiba were same in primeval afternoon trading on Tuesday, outperforming a 1.2 proportionality fall in the broader market.
(Reporting by Junko Fujita and Isabel Reynolds; Writing by James Topham; Editing by Chris Gallagher)
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