Toshiba 2005 Annual Report Download - page 47

130th Anniversary Toshiba Corporation 5
> NET INCOME (LOSS)
Consolidated operating income decreased by ¥19.8 billion from the same period a year earlier
to ¥154.8 billion (US$1,447 million). Digital Products Segment improved its operating income sig-
nificantly, while Electronic Devices, Social Infrastructure, and Home Appliances Segments saw
decreases. However, if a one-time gain from the transfer of Toshiba’s employee pension fund
to the government (“daiko-henjo”) in the previous year is excluded, and if a one-time environ-
ment-related cost accounted for in this fiscal year is also excluded, consolidated operating
income for Toshiba as a whole and for the Social Infrastructure Segment would show increases.
Income before income taxes, minority interest and equity in earnings of affiliates was ¥110.6
billion (US$1,033 million), a ¥34.4 billion decrease from FY2003. Net income increased by
¥17.2 billion from the previous year to ¥46.0 billion (US$430 million). Basic earnings per share
also increased by ¥5.36 to ¥14.32 (US$0.134) from a year ago.
> DIVIDEND
Toshiba Corporation will pay ¥3 per share as a year end dividend. This will be paid from June 6,
2005. Combined with the ¥2 interim dividend, the total full-term dividend will be ¥5 per share.
> RESULTS BY INDUSTRY SEGMENT
(Billions of yen)
Net Sales Operating Income (loss)
Year ended March 31 — Change (%) — Change
Digital Products 2,224.2 11% 7.3 +31.1
Electronic Devices 1,307.2 2% 92.5 –24.5
Social Infrastructure 1,765.3 3% 48.6 –10.0
Home Appliances 661.0 4% –3.3 –6.8
Others 371.6 –21% 9.8 –9.0
Eliminations –493.2 — –0.1 —
Total 5,836.1 5% 154.8 –19.8
> DIGITAL PRODUCTS—Consolidated net sales of Digital Products Segment increased by
¥214.8 billion to ¥2,224.2 billion (US$20,787 million). The Personal Computer business saw
sales increase from a year ago on overseas sales growth, mainly in North America and Europe.
The Digital Media business saw sales increase on higher sales of hard disk drives for portable
audio players and LCD TVs, and the start of operations at a Joint Venture in optical disk drives
with Samsung Electronics Co., Ltd. Retail information and office document processing systems
business increased sales on higher sales of digital multi-function peripherals, mainly in overseas
markets. In the Mobile Phones business, despite increased sales in Japan as a result of consecutive
introduction of high-functionality products, sales were flat against the previous year on lower
sales overseas.
Consolidated operating income of Digital Products Segment posted a profit of ¥7.3 billion (US$68
million), an improvement of ¥31.1 billion from a year earlier, as a result of the return to profit
of the Personal Computer business, which showed significant improvement, and the Mobile
Phones business, which saw higher sales in the domestic market. Storage Devices saw operating
income decline on market price erosion.
> ELECTRONIC DEVICES—Electronic Devices Segment increased consolidated net sales by
¥23.6 billion to ¥1,307.2 billion (US$12,216 million). The Semiconductor business saw
increased sales against the previous year on higher sales of System LSIs for digital consumer
products and Discrete semiconductors in the first half of the fiscal year, despite sluggish sales
in the second half of FY2004. The LCD business increased sales as a result of focusing on high-
value-added products, particularly Small- to Medium-sized displays, and promotions that
expanded overseas sales, despite significant price erosion in the TV and monitor market in the
second half of the period. The Display Devices & Components Control Center business reported
a significant sales decline, largely the result of ceasing production of Cathode Ray Tubes and
Lithium-Ion Batteries.
Consolidated operating income of Electronic Devices Segment was ¥92.5 billion (US$865
million), a decrease of ¥24.5 billion from the previous year. The LCD business posted a profit.
The semiconductor business reported lower operating income, largely reflecting inventory
adjustment in the digital consumer industry in the second half of FY2004, while Memories,