Toshiba 2006 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2006 Toshiba annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

To O u r S h a r e h o l d e r s
To s h i b a G r o u p h a s emerged from a period of business reform
and restructuring, and management has now set a course that is
carrying us toward “Growth”. Our goal is to shape a dynamic
Group that achieves high growth and stable profitability, and
where individual employees are quick to achieve and apply busi-
ness process innovations.
In the term under review, our management team promoted
“Proactive Management” toward the objectives of “Sustained
Growth with Profit” and further acceleration in the pace of man-
agement decision making. This approach has produced positive
results, as we recorded increased sales and profit in our business
segments, Digital Products, Electronic Devices, Social
Infrastructure and Home Appliances. Consolidated net sales rose
to 6,343.5 billion yen, a year-on-year increase of 507.4 billion yen;
the consolidated operating income was 240.6 billion yen, up by
85.8 billion yen; and consolidated net income stood at 78.2 billion
yen, an increase of 32.2 billion yen.
As good as this performance is, we are not satisfied; we are deter-
mined to go beyond our present level of achievement. This year,
we have defined Toshiba Group’s “Vision for 2010,” which calls for
sustained growth with profit across our business domains and for
net sales of 9,000 billion yen and operating income of 540 billion
yen. As a stepping stone to achieving these targets, we have also
established our mid-term plan to the end of fiscal year 2008, and
set the goals of net sales of 7,800 billion yen and operating
income ratio of over 5%.
We wi ll a ch ie ve our mid-term plan through constant innovation
to secure a firm profit structure and by taking strategic capital
expenditures plan to a new level. In addition, we will direct
efforts to execution of management CSR, in order to assure the
trust and support of all our stakeholders and recognition as
Company that is Rooted in the Earth. Our aim is a dynamic
To s h i b a G r o u p t h a t d e l iv e r s a b u n dance as it achieves “Sustained
Growth with Profit”.
Tadashi Okamura
Chairman of the Board of Directors
Atsutoshi Nishida
Director, President and CEO