Toshiba says TV sales may miss 16 million target this year

TOKYO Thu Sep 27, 2012 2:52am EDT

A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011. REUTERS/Yuriko Nakao

A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011.

Credit: Reuters/Yuriko Nakao

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TOKYO (Reuters) - Toshiba Corp said its global television sales in the current financial year are likely come in 10-20 percent short of the company's target of 16 million units amid tough market conditions.

Toshiba's TV business is likely to post a loss in the six months through September but the division aims to return to profit in the second half, Masahiko Fukakushi, a Toshiba executive vice president, told reporters on Wednesday.

(Reporting by Reiji Murai; Writing by Shinichi Saoshiro; Editing by Edwina Gibbs)

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