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Toshiba: FY17 Financial Results

HDD sales decreasing 5%, SSD up 34% Y/Y

Toshiba Corporation announced its consolidated results for fiscal year 2017 ended March 31, 2018.

Revenue of Storage & Electronic Devices Solutions for FY17
(before reclassification of the memory business)

(in ¥ billion) FY16 FY17 Growth
HDD
461.3 439.5 -5%
SSD 897.2 1,204.9 +34%
Device and others 341.7 362.0 6%

Storage and Electronic Devices Solutions record higher sales and lower operating income although HDDs saw decreased sales of 5%, devices and others saw increased sales.

Sales prices were stable on robust demand for smartphones and SSDs. Both net sales and operating income were higher than the previous year.

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