Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2019
(Based on Japanese GAAP)
July 31, 2019
Company name:Toshiba Machine Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

6104
URL https://www.toshiba-machine.co.jp
President and Chief Operating Officer
Takahiro Mikami

Inquiries:

Corporate Strategy DepartmentSenior Manager

Yoshiaki Kai

TELScheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 9, 2019–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo

055-926-5072(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2019 (from April 1, 2019 to June 30, 2019)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 201925,7153.2(388)–(401)–(441)–
Three months ended June 30, 2018
24,9138.3(324)–(164)–(184)–
Earnings per share

Diluted earnings per share

Yen(18.29)(7.63)

Three months ended June 30, 2019
Three months ended June 30, 2018

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
148,488
150,724

As of June 30, 2019
As of March 31, 2019

Equity ratio

Millions of yen
81,29583,197%54.7
55.2

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
7.50

Yen–

Yen
37.50

Yen–

42.50

–

42.50

85.00

Year ended March 31, 2019Year ending March 31, 2020
Year ending March 31, 2020 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
Net sales
Millions of yen
Six months ending
September 30, 2019
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

60,000

0.9

2,400

48.2

2,700(0.0)

2,000

3.4

82.86

122,000

3.9

5,300

38.2

6,300

13.0

4,400

7.9

182.3014. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2019(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2019

29,977,106 shares As of March 31, 2019

29,977,106 shares

Number of treasury shares at the end of the period
As of June 30, 2019

5,841,713 shares As of March 31, 2019

5,841,537 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 201924,135,441 shares Three months ended June 30, 20182

24,136,344 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2019

As of June 30, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade25,59237,405

24,73135,081

Merchandise and finished goods
Work in process

12,15329,793

11,091
33,593

Raw materials and supplies
Other

73
3,909

67
2,482

Allowance for doubtful accounts
Total current assets

(89)

(58)

108,838

106,990

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation and impairment loss

39,35039,096(28,052)(28,000)

Buildings and structures, net

11,297

11,095

Machinery, equipment and vehicles

24,18524,426(21,964)(22,048)

2,220

2,377

Land

6,460

6,460

Leased assets
Accumulated depreciation and impairment loss

264(160)

262(155)

Leased assets, net

104

107

Construction in progress
Other

130
7,428

97
7,425(6,877)(6,895)

Accumulated depreciation and impairment loss
Machinery, equipment and vehicles, net

Accumulated depreciation and impairment loss
Other, net

550

529

20,765

20,667641

609

Total intangible assets

641

609

Investments and other assets
Investment securities

18,37917,967

16703

15800

Other
Allowance for doubtful accounts

1,726(345)

2,052(613)

Total investments and other assets

20,47920,220Total property, plant and equipment
Intangible assets
Other

Long-term loans receivable
Deferred tax assets

Total non-current assets
Total assets

341,885

41,498150,724

148,488

(Millions of yen)
As of March 31, 2019

As of June 30, 2019

Liabilities
Current liabilities
Notes and accounts payable - trade28,20728,155

Short-term borrowings
Income taxes payable

10,090466

10,090133

Accrued expenses
Provision for product warranties

4,854
604

3,844
643

Advances received
Other7,842
1,423

8,531
1,864

Total current liabilities

53,48853,262

Non-current liabilities
Long-term borrowings

4,300

4,300

Long-term accounts payable - other
Deferred tax liabilities

566

519

Provision for retirement benefits for directors (and otherofficers)

32

33

9,475
51

9,414
51

Retirement benefit liability
Asset retirement obligations
Other

105

106

14,037

13,931

67,526

67,193

Share capital
Capital surplus

12,484
11,53812,484
11,538Retained earnings
Treasury shares

71,983(16,375)

70,636(16,375)

Total shareholders' equity

79,63078,283

2,844

2,729

0
1,711

–
1,235

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans

(988)

(953)

Total accumulated other comprehensive income

3,566

3,011

Total net assets
Total liabilities and net assets

483,197

81,295

150,724

148,488

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2018

June 30, 2019

Net sales
Cost of sales

24,913
18,171

25,715
18,497Gross profit

6,742

7,218

Selling, general and administrative expenses

7,066

7,606

Operating loss

(324)

(388)

Interest income
Dividend income

11136

14122

Foreign exchange gains
Rental income

225
13–
12

Other

97

46

Total non-operating income

484

196

Interest expenses
Brand fee expense

20
18

20
24

Foreign exchange losses
Share of loss of entities accounted for using equity method–232

3787Other

53

40

Non-operating income

Non-operating expenses

Total non-operating expenses

325

209

(164)

(401)

4–

4–

1

21

1

21

Loss before income taxes

(162)

(422)

Income taxes - current
Income taxes - deferred

232
(210)

132
(113)

21

18

Loss(184)(441)

Loss attributable to owners of parent

(184)

(441)

Ordinary loss
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses

Total income taxes

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Loss
Other comprehensive income

Three months ended

Three months ended

June 30, 2018

June 30, 2019
(184)

(441)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

56
(3)

(95)
(0)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax(3)
40(475)26

Share of other comprehensive income of entities accounted
for using equity method

(26)

(10)

Total other comprehensive income

63(555)

(120)

(997)

(120)

(997)

––Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6