Toshiba 2013 Annual Report Download - page 77

05
TOSHIBA Annual Report 2013
DIVIDEND
The Company, 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.
The Company has decided to pay both an interim dividend and a year-end dividend. The Company paid 4.0 yen per
share as the interim dividend and the year-end dividend has been set at 4.0 yen per share. As a result, the annual dividend
for the year ended March 31, 2013 was 8.0 yen per share, same as the previous year.
The Company will carefully examine and decide on the dividend plan for the next term, the year ending March 31, 2014,
in light of the Group's financial position, strategic investment plans and other factors. The Company will announce the
dividend for the year ending March 31, 2014 as soon as it is determined.
RESULTS BY INDUSTRY SEGMENT
Billions of yen
Net Sales Operating Income (loss)
Year ended March 31 −Change
(%) − Change
Digital Products 1,432.7 (14%) (24.4) 2.8
Electronic Devices 1,335.3 (7%) 91.4 16.0
Social Infrastructure 2,564.2 +6% 135.9 6.8
Home Appliances 591.5 +3% 2.4 0.3
Others 310.7 (38%) (11.8) (33.0)
Eliminations (434.1) − 0.8 −
Total 5,800.3 (5%) 194.3 (8.4)
DIGITAL PRODUCTS
The Digital Products segment saw overall sales decrease by 228.3 billion yen to 1,432.7 billion yen ($15,241.3 million). The
Retail Information Systems and the Office Equipment businesses reported higher sales due to the positive effects of the
acquisition of IBM's Retail Store Solutions business. However, the Visual Products business, which includes LCD TVs, saw
sales slide on a deepening decline in demand in Japan and sluggish sales in the United States and China. The PC business
also recorded a decrease on lower unit sales, due to eroding demand in the United States, while Japan and Europe saw
flat sales.
Overall segment operating income (loss) improved by 2.8 billion yen to -24.4 billion yen ($-259.4 million). The Visual
Products business was limited to a small improvement, due to a continuing decline in demand in Japan. The PC business
also saw lower operating income on lower sales, even though it secured positive operating income through wide ranging
measures to promote cost reductions. The Retail Information Systems and the Office Equipment businesses both
recorded higher operating income on higher sales.
The Digital Products segment is now undertaking structural reform, particularly in Visual Products business, in order to
secure an enhanced operating structure and improved profitability.
ELECTRONIC DEVICES
The Electronic Devices segment saw overall sales decrease by 101.6 billion yen to 1,335.3 billion yen ($14,205.0 million).
Although the Storage Products business secured comparable year-on-year sales, the Semiconductor business saw lower
sales. In Memories, sales volume increased considerably in the second half, but lower overall sales for the full year period
reflected price declines in the first half and the impact of production cutbacks due to an adjustment in production.
Discretes and System LSIs also recorded lower sales on decline in demand.
Overall segment operating income increased by 16.0 billion yen to 91.4 billion yen ($972.6 million). Even though prices
declined in the first half, Memories secured positive operating income, as a result of a significant increase in operating
income in the second half from a better balance in supply and demand, achieved by a production adjustment and
expanded sales of high value-added products. System LSIs also saw a considerable improvement in operating income on
a higher ratio of high value-added products and business restructuring. The Storage Products business secured operating
income.