[High-tech LED News] Japan's Toshiba (Toshiba) recently announced its first quarter (April-June) earnings report, Toshiba's business in the last quarter created 4.12 billion yen ($52.8 million) in operating profit, surpassing the original target of flattening, mainly Thanks to the strong sales of TV sets, energy-saving air conditioners and LED lighting, and the reduction in restructuring expenses, overshadowing the strong earthquake in March caused the suspension of production in the Northeast Japan chip factory.

Affected by the appreciation of the yen and the earthquake, Toshiba's revenue in the previous quarter decreased by 8.6% to 1.33 trillion yen compared with the same period of last year. However, the profit increased slightly by 0.9% to 470 million yen, which successfully reduced the impact of the strong earthquake on the business. Toshiba added that if there is no strong earthquake, the company's operating profit in the last quarter should increase by another 25 billion yen, and revenue will increase by 90 billion yen.

Toshiba maintains its full-year financial results ending this year to the end of March next year. It is estimated that profits will increase by 1.6% to 140 billion yen, operating profit will be 300 billion yen, and revenue is estimated to reach 7 trillion yen.

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