Net loss totaled 8.9 billion yen ($79 million) in the first quarter, more than the 7.8 billion yen loss it reported in the same period last year, the company said in a statement.

Overall sales rose 4 percent to 1.298 trillion yen ($11.6 billion), from 1.247 trillion, but sales in its key electronic devices division dropped 11 percent to 294 billion yen ($2.6 billion).

Toshiba said that its electronic devices division was hit by falling sales of liquid crystal displays for personal computers. It was also hurt by price drops of flash memory chips.

Increased sales of digital devices and home appliances, particularly of personal computers and air conditioners in overseas markets, helped offset those difficulties, it said.

The company raised its half-year outlook, saying its group businesses are moving forward more strongly than originally anticipated.

By: DocMemory
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