Toshiba today announced a 14-fold rise in quarterly profit, driven by strong sales of flash memory chips, while Fujitsu swung to a profit on robust demand for electronics components.

Japan's Toshiba, the world's fourth-largest chipmaker, raised its net profit forecast for the full year by less than expected. And chips-to-computers conglomerate Fujitsu stuck to its outlook.

Toshiba is the world's 2nd largest maker of NAND-type flash memory behind Samsung Electronics. Growing use of flash memory chips in portable electronic devices such as cell phones and digital music players has gaven the leading players a significant boost.

Both conglomerates are turning out to be winners in the Japanese electronics sectors on the back of international expansion and success in key tech niches.

Toshiba, currently the preferred bidder for Westinghouse, also stated that it is aiming to take about a 51% stake in the US power plant arm of British Nuclear Fuels. Are these Japanese conglomerates stretching themselves too thin?

Energy and consumer electronics - hey, I could think of worse sectors to be in right now. Just look at how ExxonMobil performed yesterday!