OREANDA-NEWS. Toshiba Corporation announced its consolidated results for the first quarter (April-June) of fiscal year (FY) 2013, ending March 31, 2014.

All comparisons in the following are based on the same period a year earlier, unless otherwise stated.

In these circumstances, Toshiba Group's net sales increased by 121.7 billion yen to 1,390.6 billion yen. Although the Digital Products segment saw reduced sales, the Electronic Devices and Social Infrastructure segments recorded significant increases. Consolidated operating income was 24.3 billion yen, an increase of 12.8 billion yen. Although the operating incomes of the Digital Products and Home Appliances segments deteriorated because of the weak yen, the Electronic Devices segment saw a significant rise in income. Thanks to significant growth in the Electronic Devices segment and yen depreciation, income before income taxes and noncontrolling interests increased by 32.1 billion yen to 17.4 billion yen, and net income attributable to shareholders of the Company increased by 17.4 billion yen to 5.3 billion yen.

Total assets increased by 12.8 billion yen from the end of March 2013 to 6,112.8 billion yen. Shareholders’ equity, or equity attributable to the shareholders of the Company, was 1,075.3 billion yen, an increase of 41.0 billion yen from the end of March 2013, despite a dividend payment. This reflects a rise in net income (loss) attributable to shareholders of the Company and a significant improvement in the accumulated other comprehensive income, due to the acceleration in yen depreciation and ensuing upturn in the stock market since the end of 2012.

Total interest-bearing debt decreased by 40.0 billion yen from the end of March 2013 to 1,431.6 billion yen.