Toshiba 2007 Annual Report Download - page 71

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5
4
DIVIDEND
Toshiba, while giving full consideration to such factors as the strategic investments necessary to secure medium- to long-term
growth, seeks to achieve continuous increases in its actual dividend payments, in line with a payout ratio in the region of 30
percent, on a consolidated basis.
Toshiba will pay ¥6.5 per share as a year-end dividend, a ¥3.0 increase from the year-earlier period. The interim dividend
was ¥4.5 per share, a ¥1.5 increase from the same period a year ago. Payment of the year-end dividend has started since June
1, 2007.
The dividend for FY2007 has not yet been decided.
RESULTS BY INDUSTRY SEGMENT
Billions of yen
Net Sales Operating Income (loss)
Year ended March 31 — Change (%) — Change
Digital Products 2,805.5 11% 15.8 –5.1
Electronic Devices 1,657.3 19% 119.7 –3.6
Social Infrastructure 2,067.7 10% 96.8 +20.3
Home Appliances 748.9 9% 9.7 +7.0
Others 391.6 3% 18.7 +0.7
Eliminations –554.6 — –2.3 –1.5
Total 7,116.4 12% 258.4 +17.8
DIGITAL PRODUCTS
Consolidated net sales of Digital Products increased by ¥269.0 billion to ¥2,805.5 billion (US$23,775.3 million). The PC
business saw sales increase from a year ago on overseas sales growth, and the Digital Media Network business saw increased
sales on higher sales of TV and portable digital music players. The Mobile Phones business saw sales decrease from the pre-
vious year, on lower sales in the Japanese market, while the Retail Information and Office Document Processing Systems
business saw increased sales on higher sales of POS systems and digital multi-function peripherals.
Consolidated operating income in Digital Products was ¥15.8 billion (US$133.8 million), a decrease of ¥5.1 billion from a
year earlier. The PC business posted a solid performance as a result of profitability improvement programs, and the Digital
Media Network business saw improved operating income on increased sales. The Retail Information and Office Document
Processing Systems business recorded increased operating income on higher sales. The Mobile Phones business remained
profitable although lower sales resulted in a decrease in operating income.
ELECTRONIC DEVICES
Electronic Devices increased consolidated net sales by ¥269.2 billion to ¥1,657.3 billion (US$14,044.9 million). The
Semiconductor business saw increased sales against the previous year on solid sales of memories, mainly NAND flash mem-
ory. Sales in the LCD business also increased on overseas sales growth.
Consolidated operating income of Electronic Devices was ¥119.7 billion (US$1,014.8 million), a decline of ¥3.6 billion
from the previous year. The Semiconductor business saw decreased operating income as a result of a significant decline in
prices of NAND flash memories, while the LCD business posted higher operating income, largely the result of focusing sales
on high-value added products and of thorough cost reduction programs.
SOCIAL INFRASTRUCTURE
Social Infrastructure saw consolidated net sales of ¥2,067.7 billion (US$17,522.6 million), ¥185.4 billion higher than for the
previous year. The Power Systems business saw sales rise on the consolidation of Westinghouse into the Group. The Social
Infrastructure Systems business reported increased sales, primarily in the telecommunications network systems. Sales in the
Medical Systems business rose from a year earlier, on strong sales of multi-slice CT scan systems, and the Industrial Systems
business also recorded increased sales on higher sales of automation systems for train station operations. While the IT
Solutions business saw a sales decline, the Elevator business saw increased sales on order growth in the Japanese market.
Consolidated operating income in Social Infrastructure was ¥96.8 billion (US$820.0 million), a ¥20.3 billion increase from
the year earlier period. The Medical Systems business maintained solid profitability, while the Industrial Systems business
saw a decline in operating income. The Power Systems business saw improved performance, and the Elevators, Social
Infrastructure Systems and IT Solutions businesses all posted solid performances.