Toshiba Issues Revised Business Forecasts for FY1999
29.10.1999, 10:52
TOKYO (PROTEXT) - Toshiba Corporation today issued revisednon-consolidated and consolidated forecasts for the currentfiscal year to March 31, 2000. 1. Non-consolidated forecast Today's announcement revises the forecast for FY1999 thatToshiba issued on October 26, 1999, when the company announcedthe 1st half result of the fiscal year. The key points are as inthe table below. (billion YEN) Net Sales
Recurring Profit Extraordinary
Net Income
Gains (Losses)
(Loss) Original Forecast (A) 3,520
0
-50
-30 Revised Forecast (B) 3,520
0
-110
-65 (B)-(A) 0
0
-60
-35 FY1998 3,407.6
4.9
-17.1
-15.5 2. Consolidated forecast Today's announcement revises the forecast for FY1999 thatToshiba issued on September 13, 1999. The key points are as inthe table below. (billion YEN) Net Sales
Income (Loss) Before
Net Income(Loss) Income Taxes and Minority Interests Original Forecast (A) 5,670
-10
-15 Revised Forecast (B) 5,670
-70
-50 (B)-(A) 0
-60
-35 FY1998 5,300.9
11.2
-13.9 3. Reason for revision Toshiba has reached a settlement in a class-action lawsuit inthe U.S. concerning the floppy disc drive controller (FDC) in itsportable PCs. The company will reflect a 110 billion yen(approximately US$1 billion) extraordinary loss in its financialresults for fiscal year 1999 in connection with the settlement.The company also anticipates an extraordinary gain of 50 billionyen (approximately US$455 million) from sales of securities. otsOriginal Text Service: Toshiba Corporation Internet:http://www.newsaktuell.de Contact: Keisuke Ohmori of ToshibaCorporation, +81-3-3457-2105, or keisuke.oomori@toshiba.co.jpWeb site: http://www.toshiba.co.jp
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