TOKYO (AFX) - Toshiba Corp will likely post consolidated operating profit of 250 bln yen in the year to March 2007, short of the initial projection by 20 bln because of falling prices for its mainline semiconductors, the Nikkei reported over the weekend, without citing sources.
Operating profit at Toshiba's semiconductor segment is expected to fall more than 10 bln yen short of its initial projection of 140 bln, as prices of flash memory chips are expected to drop some 80 pct by the end of March from a year earlier, the business daily said.
Toshiba's net profit is forecast to jump 53 pct from a year earlier to about 120 bln yen, exceeding the projection by about 10 bln yen, thanks to capital gains of about 55 bln yen from the sale of shares in Toshiba Ceramics Co and another affiliate, it said.
(1 usd = 121.55 yen)
yasuhiko.seki@xfn.com