Solid business franchise and stable profitability in social infrastructure segment, including power generation and medical equipment. Strong competitiveness in NAND flash memory market, backed by technological strength and enhanced production system. Very good access to capital markets and strong bank support. Substantial drop in overall profitability due to deterioration of the economy in Japan and abroad, especially the weakened semiconductor market. Consistently heavy burden of capital investment, mainly in the semiconductor business. Profitability unlikely to recover in home digital appliances and home electric appliances. Weak debt-to-capital structure for the current rating. Toshiba's Electronic Devices segment has suffered a material deterioration in business performance since the financial crisis accelerated in autumn 2008. During this time, the market for NAND flash memory,
