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Toshiba aims to boost annual sales by 1 trillion yen in three years
May 22, 2014 / 5:31 AM / 3 years ago

Toshiba aims to boost annual sales by 1 trillion yen in three years

Toshiba Corp. President and Chief Executive Officer Hisao Tanaka presents the company's glasses-shaped wearable display during a news conference on the company's latest multi-year management strategy in Tokyo May 22, 2014. REUTERS/Issei Kato

TOKYO (Reuters) - Toshiba Corp said on Thursday it aimed to boost annual sales by 1 trillion yen (5.83 billion pounds) to 7.5 trillion yen by the financial year ending in March 2017 as it increases sales to business customers and boosts revenues outside Japan.

Toshiba, a leading supplier of flash memory chips used in smartphones and tablet computers, also said in its latest multi-year business plan that it aims to earn 450 billion yen in operating profit and 200 billion yen in net profit in the 2016/17 business year.

In the year ended on March 31, it made an operating profit of 290.8 billion yen and net profit of 50.8 billion yen.

Reporting by Yoshiyasu Shida and Sophie Knight; Writing by Chang-Ran Kim; Editing by Edmund Klamann

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