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Toshiba Issues Revised Business Forecasts for FY2000

21 August, 2000


TOKYO --Toshiba Corporation today issued revised consolidated and non-consolidated business forecasts for the 1st half and full fiscal year to March 31, 2001. The company also announced its planned interim dividend for the first half of the current fiscal term.


1. Consolidated forecast

Today's announcement revises upwards the forecast that Toshiba issued with the announcement of its results for the last fiscal year, on April 28, 2000. The key points are as in the table below.

(1) 1st Half FY2000 (Apr. 1st, 2000 through Sept. 30, 2000)
(¥billion)
-- Net Sales Operating
Income
(Loss)
Income (Loss)
Before Income
Taxes and
Minority Interest
Net Income
(Loss)
Original Forecast (A) 2,780 50 65 35
Revised Forecast (B) 2,900 105 105 50
(B) - (A) 120 55 40 15
1H/FY1999 2,622.5 -30.6 -65.7 -48.3

(2) FY2000 (Apr. 1st, 2000 through Mar. 31, 2001)
(¥billion)
-- Net Sales Operating
Income
Income (Loss)
Before Income
Taxes and
Minority Interest
Net Income
(Loss)
Original Forecast (A) 6,100 200 180 100
Revised Forecast (B) 6,240 285 250 135
(B) - (A) 140 85 70 35
FY1999 5,749.4 101 -44.8 -28



2. Non-consolidated forecast

Today's announcement revises upwards the forecast that Toshiba issued with the announcement of its results for the last fiscal year, on April 28, 2000. The key points are as in the table below.

(1) 1st Half, FY2000 (Apr. 1st, 2000 through Sept. 30, 2000)
(¥billion)
-- Net Sales Recurring
Profit
Extraordinary
Gains (Loss)
Net Income
(Loss)
Original Forecast (A) 1,750 10 -35 -15
Revised Forecast (B) 1,780 60 -35 23
(B) - (A) 30 50 0 38
1H/FY1999 1,552.1 -49.2 -34.2 -46.1

(2) FY2000 (Apr. 1st, 2000 through Mar. 31, 2001)
(¥billion)
-- Net Sales Recurring
Profit
Extraordinary
Gains (Loss)
Net Income
(Loss)
Original Forecast (A) 3,850 85 -50 20
Revised Forecast (B) 3,960 150 -45 70
(B) - (A) 110 65 5 50
FY1999 3,505.3 16.2 -429.8 -244.5



3. Reasons for revision

Sales of information and communication systems, cellular phones and PC peripheral equipment continue to enjoy positive growth, in line with growing demand for IT related products since the latter half of FY1999. Semiconductor operations are recording robust gains in sales and profits in the first half of this fiscal term, backed by stronger than expected market growth for digital equipment, such as cellular phones, DVD-ROM drives and personal computers. Accordingly, both consolidated and non-consolidated sales and profit are now expected to significantly exceed the original forecast.



4. Planned Interim dividend for 1H/FY2000

Toshiba expects to declare an interim dividend of five yen per share for the 1st half of the fiscal year 2000. No interim dividend was paid for the same period a year ago. The dividend payment for the end of the current fiscal year, which was three yen per share for the last fiscal year, is yet to be decided.


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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