| Toshiba Announces Basic Strategies for the Period to
9 April, 2004
TOKYO -- Toshiba Corporation today announced key corporate goals for
the period to the end of FY2006 and a set of major initiatives that the
Company will implement in support of the basic strategic direction defined
in its March 2003 mid-term business plan.
In its mid-term business plan for the period FY2003-2005, which the Company
announced in March 2003, Toshiba defined three major business domains:
Digital Products, Electronic Devices and Social Infrastructure. The Companys
latest measures build on this delineation, and aim to establish digital
products strategies for the ubiquitous network society.
||In Digital Products businesses, Toshiba will promote proactive collaboration
with Electronic Devices operations, with the goal of reinforcing its
visual products business and establishing it as a major source of
profits by 2006 alongside the PC business. Toshiba intends to attain
this goal by taking full advantage of its core technologies in visual
and imaging products, data storage and electronic devices.
|| In Electronic Devices businesses, the Company will continue to
devote substantial management resources to further sharpening its
competitiveness, and enhance collaboration with Digital Products operations.
|| In Social Infrastructure businesses, the Company will actively
seek business opportunities in China, Southeast Asia and new business
areas, and in Europe and North America will expand the scale of rehabilitation
businesses to enhance the efficiency of power plants.
||The Company has identified a total of 93 strategic technologies
and products that will drive future profits, and defined a strategic
product map that will support the timely introduction of successive
Goals in FY2006
- Consolidated sales: 6,200 billion yen
- Operating income: 280 billion yen
- Debt/equity ratio: 100% at the end of March 2007.
- Capital expenditure: 1 trillion yen over three years largely on Digital
Products and Electronic Devices fields.
- R&D expenditure: 1.1 trillion yen over three years. A major emphasis
will be placed on collaboration between Digital Products and Electronic
- Overseas sales ratio: 50% of total sales. Expansion of business in
China will be a driving force.