Toshiba 2011 Annual Report Download - page 71

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5
DIVIDEND
While giving full consideration to such factors as the strategic investments necessary to secure medium- to long-term
growth, the Company 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. The Company has secured a reasonable level of profit in this fiscal year
(fiscal year 2010). Accordingly, following full consideration of the Company’s future business plans, financial position and
shareholders’ expectations, the Company has decided to pay both an interim dividend and a year-end dividend. The
Company paid 2.0 yen per share as the interim dividend and the year-end dividend has been set at 3.0 yen per share. As a
result, the annual dividend for FY2010 will be a 5.0 yen per share.
The Company will carefully examine and decide on the dividend plan for the next term, FY2011, in light of the Group’s
financial position and strategic investment plans, and other factors will announce the dividend for FY2011 as soon as it is
determined.
DIGITAL PRODUCTS
The Digital Products segment saw overall sales increase by 65.4 billion yen to 2,328.6 billion yen. The Visual Products
business saw sales rise, reflecting the approaching end of analog broadcasting in Japan, positive results from eco-point-the
Japanese government’s program to stimulate domestic demand-and higher overseas sales, primarily in emerging countries,
including those of Asia. The PC business also saw higher sales in both the domestic and overseas markets, mainly due to
higher shipment in the U.S. and Asia and the launch of 25th anniversary models. The Storage Products business saw
lower sales, reflecting the impact of price erosion.
Overall segment operating income decreased by 8.1 billion yen to 13.2 billion yen. The PC business recorded higher
operating income on higher sales and cost reductions and the Retail Information Systems and the Office Equipment
businesses also reported healthy performances. The Visual Products business maintained profit due to higher sales in
emerging counties, but at a lower level than in the previous year, due to changes in foreign exchange rates and the impact
of the Great East Japan Earthquake. The Storage Products business reported a significantly worsened operating loss on
lower sales.
ELECTRONIC DEVICES
The Electronic Devices segment saw sales increase by 77.7 billion yen to 1,347.7 billion yen. The Semiconductor business
recorded higher sales on higher sales in Memories, reflecting expanded demand for mobile products, such as smartphones,
and solid state drives (SSD)-data storage devices based on NAND flash memories-and price stability in NAND flash
memories. The LCD business also reported a healthy performance.
Overall segment operating income (loss) improved significantly by 107.2 billion yen to 86.8 billion yen. Memories
recorded a healthy performance, primarily as a result of higher sales and cost reductions, and the LCD business improved
on cost reductions and progress in business restructuring.
RESULTS BY INDUSTRY SEGMENT
Billions of yen
Net Sales Operating Income (loss)
Year ended March 31 —Change (%) —Change
Digital Products 2,328.6 3% 13.2 (8.1)
Electronic Devices 1,347.7 6% 86.8 107.2
Social Infrastructure 2,267.7 (2%) 137.1 (0.1)
Home Appliances 599.8 3% 8.8 14.2
Others 352.9 2% (7.6) 0.1
Eliminations (498.2) — 2.0 —
Total 6,398.5 2% 240.3 115.1