FY2016 First Six Months
Consolidated BusinessResults

November 8, 2016

© 2016 Toshiba Tec Corporation

1.FY2016 First Six Months
Consolidated Business Results
2.FY2016 Forecast© 2016 Toshiba Tec Corporation1

Key Points of FY2016 First Six Months Business Results
Operating Income, Ordinary Income and Net Income turned
positive due to the significant improvement of the retail solutions
business profitability.

Net Sales:

243.4 billion yen (YoY: △21.3 billion yen)

Decreased due to the impact of yen appreciation of △19.9 Billion yen against theprevious year.

Operating Income: 6.4 billion yen (YoY: +6.3 billion yen)
Increased due to the significant improvement in the retail solutions business.

Ordinary Income:

7.6 billion yen (YoY: +9.2 billion yen)

Improved as the non-operating income increased.

Net Income*:

4.3 billion yen (YoY: +77.9 billion yen)

Improved significantly due to the reduced deficit in the overseas retail business asa result of the structural reform. The effective corporate tax rate was adjusted aswell.
*Hereinafter “Net Income(△Loss)” refers to Profit (△Loss) attributable to owners of parent.
© 2016 Toshiba Tec Corporation2FY2016 First Six Months Business Results
FY16/1H

FY16/1H

FY15/1HActual

Forecast

Actual

243.4

253.0

6.4

(Rate of sales)(Billions of Yen)

Difference
vs. FY16/1H FC

vs. FY15/1H

264.8

△9.6

△21.3

4.0

0.1+2.4+6.3(2.6%)(1.6%)(0.0%)

Ordinary Income (△Loss)

7.6

2.0

△1.7+5.6+9.2(Rate of sales)(3.1％)(0.8%)(△0.6%)

4.3△2.0△73.6+6.3+77.9(1.8%)(△0.8%)(△27.8%)

US$107.29

110.00*121.76△2.71△14.47

EUR120.05

120.00*134.55+0.05△14.50Net Sales
Operating Income

Net Income (△Loss）(Rate of sales)
Foreign currency
exchange rate

＊Foreign currency exchange rates were revised to US$=110yen, EUR=120yen in the “FY2016 Toshiba Tec ManagementPolicy（Mid-Term Business Plan）” announced on Aug. 30, 2016.

© 2016 Toshiba Tec Corporation3

Operating Income Analysis of FY2016/1H
Gross Profit

SG&A(Decrease of profit by 7.4)

(Increase of profit by 13.7)(Billions of yen)

Others

ＤＥＰ

Personnel + 5 . 2Expenses

6.4

R&D+1.3

0.1
FY15/1H
OperatingIncome+0.5
Currency
ExchangeCurrencyExchange△8.1+6.7

FY16/1H
OperatingIncomeOthers△0.8
Decrease inNet Sales+1.5© 2016 Toshiba Tec Corporation4

FY2016 First Six Months Business Results by Segment(Billions of yen)

RetailSolutions
BusinessGroup

PrintingSolutions
BusinessGroupNet Sales

FY2015/1H

Difference

ActualActual

vs. FY2015/1H

157.1

158.1

△1.0

Operating Income (△Loss)

4.4△6.5+10.8(Rate of Sales)(2.8%)(△4.1%)

92.4

112.8

△20.4

2.1

6.6

△4.5

(2.3%)(5.8%)

243.4

264.8

△21.3

6.4

0.1

+6.3

(2.6%)(0.0%)Net Sales
Operating Income(Rate of Sales)

Net Sales
Consolidated
Total

FY2016/1H

Operating Income(Rate of Sales)© 2016 Toshiba Tec Corporation

5

Balance Sheet(Billions of yen)

Assets
281.6
22.7
16.9

251.6
32.8
14.6

Cash and cash
equivalents

Liabilities and Net Assets
281.6
3.4
251.6
1.2

Loans
payable187.4

Others70.4

63.0

Netassets

16/3E

16/9E

Intangible assets

207.8
242.0

16/3E

204.2

16/9E

OthersNet assets decreased by 7.4 Billion yen due to the drop in foreign
currency translation adjustment. Net cash flow increased.
© 2016 Toshiba Tec Corporation

6

Free Cash Flows(Billions of yen)Free cash flow
Cash flow from investing activities
Cash flow from operating activities

24.0

20.1

△ 3.9
△ 10.2

 Cash flow from operating activities:
Increased by 34.2 billion yen due tothe increase of profit and thedeterioration of working capital.

◆ Cash flow from investing activities:
Decreased by 4.7 billion yen as
plant and equipment investment
decreased.

△ 18.8
△ 8.6

15/9E

16/9E
© 2016 Toshiba Tec Corporation7

1.FY2016 First Six Months
Consolidated Business Results
2.FY2016 Forecast© 2016 Toshiba Tec Corporation8

FY2016 Forecast, Overall
FY16(Billions of Yen)

Forecast

FY16

FY15Difference

Forecast

Actualvs. FY16(Aug. 5th)

vs. FY15(Aug. 5th)

Net Sales

490.0

520.0532.8

△30.0

△42.8

14.0

14.0

1.6ー+12.4(Rate of sales)(2.9%)(2.7%)(0.3%)

Ordinary Income (△Loss)

13.0

10.0

△2.3+3.0+15.3(Rate of sales)(2.7％)(1.9%)(△0.4%)

Operating Income

Net Income (△Loss)(Rate of sales)
Foreign currency
exchange rate

5.0

0.5 △103.4+4.5 +108.4(1.0%)(0.1%)(△19.4%)

US$104.00*1

110.00*2120.77△6.00△16.77

EUR115.00*1

120.00*2

132.74△5.00△17.74＊1:Foreign currency exchange rates of 16/2H forecasts are US$=100yen, EUR=110yen.
＊2:Foreign currency exchange rates were revised to US$=110yen, EUR=120yen in the “FY2016 Toshiba Tec Management
Policy（Mid-Term Business Plan）” announced on Aug. 30, 2016.

© 2016 Toshiba Tec Corporation

9

FY2016 Forecast by Segment
FY16

FY16

FY15

Forecast

Forecast

Actual

314.0

322.0

324.8

△8.0

△10.8

Operating
Income (△Loss)

8.55.0△11.5+3.5+20.0(Rate of Sales)(2.7%)(1.6%)(△3.5%)

189.0

212.0

220.2

△23.0

△31.2

5.5

9.0

13.1

△3.5

△7.6

(2.9%)(4.2%)(5.9%)Net Sales

490.0

520.0

532.8

△30.0

△42.8

Operating
Income14.0

14.0

1.6ー+12.4(2.9%)(2.7%)(3.6%)(Billions of yen)

RetailSolutions
BusinessGroupNet Sales

PrintingSolutions
BusinessGroup

Net Sales

Consolidated
Total

Operating
Income(Rate of Sales)(Rate of Sales)(Aug 5th)

Difference
vs. FY16(Aug 5th)

vs. FY15© 2016 Toshiba Tec Corporation10

Forward-looking statements concerning TOSHIBA TEC's future
performance contained in this presentation represent certain
reasonable assumptions based on economic, financial andcompetitive data and information currently available. However,actual results will be affected by the business and competitiveenvironment and may differ materially from forecasts.

© 2016 Toshiba Tec Corporation11

© 2016 Toshiba Tec Corporation12