Toshiba cut its full-year sales predictions on Friday as a result of continued weakness in the global economy.
The Tokyo-based maker of products as diverse as computer chips, televisions and nuclear power stations said it now expects net sales in the year to March 31 to be
It kept other key forecasts unchanged and still expects to lose
"Toshiba's overall consolidated sales have been strongly influenced by the global recession, which has proved to be more persistent than expected in all segments," it said in a statement.
Sales forecasts were reduced in each of the company's five main business areas and as a result the digital products division is now expected to be the largest of Toshiba's business areas by sales during the year.
The unit, which includes Toshiba's TV and laptop computer operations, had its sales forecast cut by 3 percent to
Toshiba's social infrastructure division, which includes its nuclear business, is expected to see sales of
The third-largest business, the electronic devices and chips unit, is predicted to see sales of
Toshiba said the chip sector was benefiting from improved demand for NAND flash memory, which is the type of memory chip used in digital cameras, cell phones and removable memory cards.