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Toshiba Issues Revised Business Forecasts for FY1998

11 September, 1998

TOKYO--Toshiba Corporation today issued revised non-consolidated and consolidated forecasts for the current fiscal year to March 31, 1999. The revisions are to forecasts Toshiba made on May 25, 1998, when the company announced business results for the fiscal year ended March 31, 1998. The key points are as in the tables below.

  1. Non-consolidated Basis
    (1)1st Half FY98 (Apr.1, 1998 - Sept. 30, 1998)

    (2)FY98 (Apr.1, 1998 - Mar. 31, 1999)

  2. Consolidated Basis (Apr.1, 1998 - Mar. 31, 1999)

The revisions reflect sharper price erosion in 64-megabit DRAMs and other key semiconductor devices than anticipated in the original forecasts; sluggish demand for semiconductors for consumer products due to the Asian economic crisis; and price decreases in electronic components for PCs, including color display tubes, LCDs and peripherals.

Toshiba plans to pay a reduced dividend of 3 yen per share for the 1st half of the fiscal year ending March 31, 1999, compared with 5 yen for the same period of the previous year.

Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement,but is subject to change without prior notice.

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