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Penney stock has worst fall ever 16 May 2012 Discussed 171 Romney apologizes for bullying incident at school 157 Germany’s Merkel dealt heavy blow in state vote 112 Weary warriors favor Obama Watched A look at the UK’s most beautiful face Thu, May 10 2012 Paralysis patient tastes freedom through thought control Wed, May 16 2012 Drought blamed for fall of Mayan civilization Tue, May 15 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Nigeria's oil thieves Nigeria is Africa's largest crude oil exporter but its production capacity has been slashed by thieves drilling into pipelines. Slideshow Life in an Amazon tribe A look at life in the Brazilian Amazon basin with the Yawalapiti tribe. Slideshow Toshiba eyes $5.6 billion operating profit by 2014-15 Tweet Share this Email Print Related News Tepco posts annual net loss on nuclear crisis Mon, May 14 2012 Sony sees return to profit, aims to halve TV losses Thu, May 10 2012 REFILE-UPDATE 3-Japan to take over Tepco after Fukushima disaster Wed, May 9 2012 Toshiba sees rebound as Apple leads demand for NAND Tue, May 8 2012 Toshiba sees op profit rising 45 percent this year Tue, May 8 2012 Analysis & Opinion Don’t blame Japan for foreign CEO departures Related Topics Tech » TOKYO | Thu May 17, 2012 3:24am EDT TOKYO (Reuters) - Japan's biggest chip maker, Toshiba Corp, said on Thursday its annual operating profit is likely to reach 450 billion yen ($5.60 billion) by the business year ending in March 2015. In its mid-term business plan, the electronics conglomerate also said its capital spending for the three years to March 2015 will be about 1.4 trillion yen and it plans to spend around 1.1 trillion yen on research and development during the same period. The firm forecast an operating profit for the current year of 300 billion yen last week, buoyed by strong sales of its flash NAND memory chips used in Apple Inc's blockbuster iPhones and iPads. ($1 = 80.3550 Japanese yen) (Corrects figure in headline to $5.6 billion and in alert and text to 450 billion yen not 470 billion) (Reporting by Mari Saito, writing by Yoko Kubota; Editing by Michael Watson) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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