Solid social infrastructure business, including thermal power generation plants, transmission and distribution systems, and elevator and escalator businesses Strong competitiveness of its NAND flash memory semiconductor business, backed by technological strengths and efficient production Lingering downward pressure on overall earnings as a result of inappropriate accounting at the company Susceptibility of overall profitability to high volatility in the semiconductor business Heavy debt in the social infrastructure business because of slow progress in reducing working capital requirements Consistently heavy burden of capital investment, mainly in semiconductor and social infrastructure businesses Relatively weak measures of cash flow to debt for the current ratings Strong funding, backed by firm relationships with financial institutions Standard&Poor's Ratings Services' negative outlook on Toshiba Corp.
