Toshiba will report a smaller than expected operating loss for the year to March 31, thanks to improved profitability in the TV business and increased sales of system LSI and memory chips, it said Friday. However, its net loss will be worse than previously expected because of a write-off of deferred tax assets, it said.
With its 2008 fiscal year now over and final preparations being made for its annual earnings report on May 8, the company said sales are likely to be in line with revised targets issued in January this year of
It expects to make an operating loss of around
Toshiba now expects to report a net loss of