Toshiba to post H1 profit on chips, nuclear-Nikkei

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21 October 2009 @ 07:46 pm ET

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TOKYO - Toshiba Corp will likely beat its own estimate to post a first-half operating profit of 1 to 2 billion yen ($11 million-$22 million), helped by cost cuts and solid earnings from its chip and nuclear power businesses, the Nikkei newspaper reported on Thursday.

Toshiba Corp. President and CEO Atsutoshi Nishida speaks during a news conference at the Toshiba headquarters in Tokyo October 17, 2006. Toshiba said on Thursday it had launched a new company in the United States to enhance its nuclear power businesses. (Reuters Photo / Toshiyuki Aizawa)

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Toshiba, Japan's biggest semiconductor maker and the owner of nuclear power firm Westinghouse, has forecast an operating loss of 30 billion yen for April-September. It posted an operating loss of 23.5 billion yen in the first half last year.

(Reporting by Nathan Layne; Editing by Edwina Gibbs)

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