TOKYO: Japanese electronics giant Toshiba said Monday it returned to profit for the three months to December thanks to brisk sales of electronic devices, and revised upward its full-year earnings forecast.Toshiba, whose business embraces consumer electronics and nuclear power plants, reported a net profit of 12.4 billion yen ($151 million) in the period, reversing a net loss of 10.6 billion yen a year earlier.
The profit gain was largely due to "a significantly improved performance in electronic devices, driven mainly by the return to profit of the LCD business and demand expansion in NAND flash memories," it said in a statement.Toshiba upgraded its net profit forecast for the year to March to 100 billion yen from its earlier estimate of 70 billion yen, while downgrading its sales forecast to 6.6 trillion yen from 7.0 trillion yen projected earlier.
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