P.M. BRIEFING : Profits Soar at Toshiba, NEC
From Times Wire Services
TOKYO —
Toshiba and NEC, top Japanese electronics firms, today announced impressive rises in group net profits due mainly to surging global demand for computers.
Toshiba Corp., Japan’s second-largest electronics manufacturer, posted a group net profit of $437 million in the six months prior to Sept. 30 against $372 million a year earlier.
NEC Corp., one of the country’s biggest computer makers, showed a group net profit of $232 million in the six months, up from $182 million.
“Demand all over the world for computers has been very strong,” said a Toshiba spokesman. The company’s sales of computers, semiconductors, word processors and other communication systems soared 51% in the six months.
NEC’s sales of computers rose 16.5%.
