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 Very good access to capital markets and strong bank support High susceptibility of core semiconductor business and profit to market fluctuations Consistently heavy burden of capital investment, mainly in semiconductor business Weaker profitability, cash flow-related indicators, and debt-to-capital structure than those of domestic and overseas peers Toshiba is Japan's second-largest diversified electronics manufacturer, after Hitachi Ltd. (BBB+/Stable/A-2). Toshiba's three core segments—Digital Products, Electronic Devices, and Social Infrastructure—accounted for about 90% of total sales in fiscal 2009 (ended March 31, 2010). The Social Infrastructure segment, which produces power generation plants, industrial
