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    6502   JP3592200004

TOSHIBA CORPORATION

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Delayed Japan Exchange  -  05/18 02:00:00 am EDT
5573.00 JPY   +2.07%
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Toshiba says has restarted some chip production at quake-hit plant

01/26/2022 | 02:43am EDT
FILE PHOTO: Pedestrians walk past a Toshiba logo outside an electronics retailer in Tokyo

TOKYO (Reuters) - Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the weekend.

One of the two production lines at the factory was restarted on Wednesday, Toshiba Electronic Devices & Storage Corp said in a statement. It did not say when the other line would reopen.

The plant makes system LSI chips, around 60% of which are sold to automakers and industrial machinery makers.

The company also makes those chips at a factory in northern Japan, with other domestic producers, such as Renesas Electronics Corp, also building the devices.

(Reporting by Tim Kelly; Editing by Christopher Cushing)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
RENESAS ELECTRONICS CORPORATION 3.73% 1447 Delayed Quote.-1.97%
TOSHIBA CORPORATION 2.07% 5573 Delayed Quote.15.43%
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Analyst Recommendations on TOSHIBA CORPORATION
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Financials
Sales 2022 3 347 B 25 873 M 25 873 M
Net income 2022 147 B 1 135 M 1 135 M
Net Debt 2022 236 B 1 826 M 1 826 M
P/E ratio 2022 16,3x
Yield 2022 3,49%
Capitalization 2 411 B 18 640 M 18 640 M
EV / Sales 2022 0,79x
EV / Sales 2023 0,78x
Nbr of Employees 117 300
Free-Float 90,4%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 5 460,00 JPY
Average target price 5 180,63 JPY
Spread / Average Target -5,12%
EPS Revisions
Managers and Directors
Taro Shimada President & Chief Executive Officer
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
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