Strong business franchise in a broad range of electronics markets Leading market position in semiconductors (NAND flash memory), as well as the power generation and medical equipment businesses Ability to mitigate downside earnings risks, given its technological advantages in semiconductors, strong cost reduction capabilities and its selection business strategy Cautious cash flow management, despite aggressive investments in strategically important businesses Very good access to capital markets and strong bank support High dependence on profits and cash flow from the volatile semiconductor business, mainly NAND flash memory Relatively high FFO/total debt ratio compared with its competitors Toshiba Corp. has a strong business franchise in a broad range of electronics markets, and is aggressively investing in its core businesses, which include semiconductors
