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Medical sales still slow at Toshiba

This article was originally published in Clinica

Executive Summary

Sales by Toshiba's (Japan) Information/Communication Systems and Electronic Devices division, which includes medical devices, rose 9.3% to reach ¥,664,627 million ($31,350 million) in the year ended March 31st, 1995. Divisional operating income almost trebled to Yen108,688 million from Yen36,886 million a year earlier. However, the company attributes the rise to personal computers and semiconductors, suggesting that medical sales were as difficult in fiscal 1995 as in fiscal 1994. Group turnover was up 3.5% at Yen4,790,766 million; net income increased 268% to Yen44,693 million.

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