• Kyodo News


Toshiba Corp. said Tuesday it will aim to raise its overseas sales ratio to 63 percent by fiscal 2012 from 55 percent in fiscal 2009 by tapping into growing demand in emerging countries.

Toshiba, which makes a range of products such as nuclear power plants, NAND flash memory and televisions, will also vastly increase its capital spending in the next three years on the back of a recovery in global economic conditions.

As part of its medium-term business plan, Toshiba will target a group operating profit of ¥450 billion by the year through March 2013, compared with ¥250 billion it anticipates for the current financial year, on sales of ¥8 trillion, against ¥7 trillion expected this year.

The company will make investments and loans totaling ¥1.3 trillion over the next three years through fiscal 2012, up 74 percent from fiscal 2009, as it pours resources into growth areas like next-generation rechargeable batteries.

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