Higher sales and stable pricing of NAND flash chips helped propel Toshiba to calendar Q2 sales of $16.7bn with a record Q2 operating income of $335m and a net profit of $5.3m.
Toshiba’s Electronic Devices segment had sales of $3.8bn - a 60% increase in sales over Q2 2009 for a 70% improvement in operating income.
Toshiba said it saw balanced supply and demand, and price stability, for NAND flash memories, and recovering sales in System LSIs and discretes.
‘The semiconductor business recorded a profit, largely reflecting the performance in memories, which saw higher sales in combination with effective cost reductions, and performance improvements in System LSIs and discretes,’ says Toshiba’s report, ‘the LCD business also saw higher sales and returned to profit as cost reductions produced positive effects.’
Toshiba repeated its full-year forecast of a doubling of operating profit to $2.85bn.