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AP National Business

Japan’s Toshiba boosts profit on devices, auto sector demand

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Published 2:37 AM

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Toshiba has reported a 44% improvement in profit in the last quarter as the Japanese technology giant revamps its brand image and seeks to reassure investors about its management. Quarterly sales rose 2%. Toshiba has promised to boost annual sales by forging ahead with clean energy, infrastructure projects, data services, devices and storage businesses. The company said Wednesday that demand for electronic devices and storage and digital solutions, including from the auto sector, was healthy. In March, investors rejected a company-backed reform proposal to split Toshiba into two businesses. An earlier plan that also was scrapped called for a three-way split.

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