• Kyodo News


Toshiba Corp.’s departing president, Atsutoshi Nishida, said Wednesday that cost-cutting efforts are on track as it aims to return to profitability in the current business year.

At an annual meeting of shareholders in Tokyo, Nishida said the company is aiming to slash ¥330 billion in fixed costs for fiscal 2009, which ends next March, up ¥30 billion from its previous target.

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