Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Year Ended March 31, 2018
[Japanese GAAP]
May 09, 2018
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: http://www.toshibatec.co.jp/
Representative: Takayuki Ikeda
President and CEO
Contact: Takashi Mizuno
Senior Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of Annual General Meeting of Shareholders: June 26, 2018
Scheduled date of commencing dividend payments: June 05, 2018
Scheduled date of filing annual securities report: June 26, 2018
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2018 (April 01, 2017 to March 31, 2018)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Fiscal year ended
March 31, 2018513,289
3.2
24,54667.6
22,76881.6
17,512
125.7
March 31, 2017497,611(6.6)
14,649814.5
12,534
7,758(Note) Comprehensive income:Fiscal year ended March 31, 2018:¥19,264 million [210.0%]
Fiscal year ended March 31, 2017:¥
6,214 million [-%]Basic earnings per share

Diluted earnings per
share

Yen
Fiscal year ended
March 31, 2018
63.74
March 31, 2017
28.24
(Reference) Equity in earnings (losses) of affiliated companies:

Ordinary profit
Rate of return on
Operating profit
to total assets
equityto net sales ratio
ratio
%

%

%

63.67
23.7
28.20
12.6
Fiscal year ended March 31, 2018:
Fiscal year ended March 31, 2017:

Yen

8.2
4.5

4.8
2.9
- million- million¥¥(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2018
March 31, 2017
(Reference) Equity:

Net assets

Million yen

282,630
269,393
As of March 31, 2018:
As of March 31, 2017:

Capital adequacy ratio

Million yen¥¥

93,21576,04782,518 million
65,406 million

Net assets per share

%

Yen

29.2
24.3

300.38238.07(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2018
March 31, 2017

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at endof period

Million yen

Million yen

Million yen

Million yen

29,09237,016(11,487)(6,876)(6,095)(5,439)57,355
46,1291

2. Dividends
Annual dividends per share
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total

Total
dividends

Ratio ofdividends
to netassetsPayoutratio(consolidated)(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%

March 31, 2017

-

0.00

-

2.00

2.00

549

7.1

0.9

March 31, 2018

-

3.00

-

5.00

8.00

2,197

12.6

3.0

-

4.00

-

20.00

-

Fiscal year ending
March 31, 201927.5

(Forecast)
The Company plans to carry out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018. Accordingly, the amount of the year-end dividend per share for the year ending March 31, 2019 (Forecast) takes this shareconsolidation into account and disclosure of the total annual dividends per share are described as "-". For details, please refer to"Dividends and consolidated earnings forecasts after the share consolidation"
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2019 (April 01, 2018 to March 31, 2019)(% indicates changes from the previous corresponding period)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen

Six months ended
September 30, 2018
Full year% Million yen% Million yen% Million yen%

Yen

240,000

(1.3)

6,000

(42.3)

4,500(52.8)

2,000(61.2)

7.28

500,000(2.6)

18,000(26.7)

15,000(34.1)

8,000(54.3)

145.61

Basic earnings per share for consolidated earnings forecasts for the year ending March 31, 2019

(Forecast) takes the shareconsolidation into account. For details, please refer to "Dividends and consolidated earnings forecasts after the share consolidation"* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No
New(Company name:)
Exclusion:(Company name:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2018:
288,145,704 shares
March 31, 2017:
288,145,704 shares2) Total number of treasury shares at the end of the period:
March 31, 2018:
13,441,335 shares
March 31, 2017:13,414,545 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2018:
Fiscal Year ended March 31, 2017:274,718,859 shares
274,700,360 shares

2

*(Dividends and consolidated earnings forecasts after the share consolidation)
TOSHIBA TEC CORPORATION "the Company" announced that the Board of Directors today (May 09, 2018) propose the matter for
share consolidation to the 93th Annual General Meeting of Shareholders of the Company to be held in the late June 2018. The
Company plans to carry out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018,subject to the approval of the proposals that the matter for share consolidation at the Annual General Meeting of Shareholders of theCompany. On the assumption that share consolidation is not carried out, dividends and consolidated earnings forecasts for the year
ending March 31, 2019 are as follows:(1) Dividends forecasts for the year ending March 31, 2019
Dividends per share
Year-end : 4 yen(2) Consolidated earnings forecasts for the year ending March 31, 2019
Basic earnings per share
Year-end : 29.12 yen

3Consolidated Financial Statements
Consolidated Balance Sheets(Million yen)
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Customer relationship assets
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of March 31, 201846,12963,76932,849
1,629
6,100
7,560
32,900(2,572)
188,367

57,35567,99632,885
1,525
6,758
6,155
32,775(1,925)203,528

25,480(19,038)
6,441
43,742(36,279)
7,462
47,441(41,536)
5,904
1,640
11,220(4,874)
6,346
1,272
29,06824,044(17,944)
6,099
41,686(33,718)
7,968
45,442(39,423)
6,018
1,269
11,758(6,208)5,550
1,183
28,090

6,053
639
7,624
14,317

4,083
568
8,484
13,1355,350
2,204
16,731
14,008(655)
37,64081,026269,393

6,058
2,448
17,213
12,262(107)
37,875
79,101
282,630

(Million yen)
As of March 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Lease obligations
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of March 31, 2018

61,860
1,048
4,033
24,044
13,816
5,485
32,786
143,076

59,604304
4,795
25,26914,443
4,771
30,754
139,942

5,172
35,066
10,03050,269193,346

5,682
35,7798,010
49,472
189,415

39,97011
19,722(5,488)54,21739,97012
35,861(5,507)70,337

1,581

2,181

(6)
8,927
(720)
1,407
11,189104
10,53776,047269,393(22)
10,207(655)
468
12,180153
10,543
93,215
282,630

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year
ended March 31, 2017
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Gain on valuation of derivatives
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange losses
Loss on sales and retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Gain on sales of shares of subsidiaries
Gain on reversal of foreign currency translation
adjustment
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Restructuring cost
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

6

For the fiscal year
ended March 31, 2018497,611
298,128
199,483
184,833
14,649513,289
305,196
208,093
183,547
24,546

250
95
616
459
1,421

560
97
820
339
1,818

639
629
173
2,094
3,536
12,534

631
1,235
89
1,640
3,597
22,768

2,114

274
238

-

438

2,114

951

1,002
1,002
13,646
8,623(1,461)
7,162
6,484(1,274)
7,758

236
176
412
23,307
5,079
(572)
4,507
18,8001,287
17,512

Consolidated Statements of Comprehensive Income(Million yen)
For the fiscal year
ended March 31, 2017
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

7

For the fiscal year
ended March 31, 2018

6,484

18,800106(77)(3,232)
(332)
3,266
(269)
6,214

598
(16)
732
76
(927)
463
19,264

7,978

18,504(1,764)760

Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31, 2017
(Million yen)
Shareholders' equity
Capital stock
Balance at
beginning of current
periodChanges of items
during period
Profit attributableto owners ofparentPurchase oftreasury shares
Disposal oftreasury shares
Deficit disposition
Net changes of
items other thanshareholders'equityTotal changes of
items during period
Balance at end ofcurrent period

Capital surplus

39,970Retained earnings

52,970Treasury shares(41,006)

Total shareholders'equity(5,523)

46,411

7,758

7,758

11

(10)

(10)

45

57

(52,970)

52,970--(52,959)

60,72935

7,805

39,97011

19,722(5,488)54,217

Accumulated other comprehensive income
Valuation
Total
Share
Nondifference Deferred Foreign Minimum
Remeasurements accumulated acquisition controlling Total net
ongains or currency pension
assetsof definedotherrightsinterests
available- losses on translation liability
benefit plans comprehensive
for-salehedges adjustment adjustment
incomesecurities

Balance at
beginning of current
periodChanges of items
during period
Profit attributableto owners ofparentPurchase oftreasury shares
Disposal oftreasury shares
Deficit disposition
Net changes of
items other thanshareholders'equityTotal changes of
items during period
Balance at end ofcurrent period

1,476

71

11,740(461)(1,857)

10,969116

12,86270,359

7,758
(10)
57
104

(77)

(2,812)

(258)

3,264

220

(11)

(2,325)(2,116)104(77)(2,812)

(258)

3,264

220

(11)

(2,325)

5,688

1,581

(6)

8,927

(720)

1,407

11,189104

10,53776,047

8

For the fiscal year ended March 31, 2018
(Million yen)
Shareholders' equity
Capital stock
Balance at
beginning of current
periodChanges of items
during period
Dividends ofsurplusProfit attributableto owners ofparentPurchase oftreasury shares
Disposal oftreasury shares
Net changes of
items other thanshareholders'equityTotal changes of
items during period
Balance at end ofcurrent period

Capital surplus

39,970Retained earnings

11

Total shareholders'equityTreasury shares

19,722(5,488)54,217(1,373)(1,373)

17,512

17,512

0

(22)

(22)

3

4

-

0

16,139(19)

16,12039,97012

35,861(5,507)70,337

Accumulated other comprehensive income
Valuation
Total
Share
Nondifference Deferred Foreign Minimum
Remeasurements accumulated acquisition controlling Total net
ongains or currency pension
assetsof definedotherrightsinterests
available- losses on translation liability
benefit plans comprehensive
for-salehedges adjustment adjustment
incomesecurities

Balance at
beginning of current
periodChanges of items
during period
Dividends ofsurplusProfit attributableto owners ofparentPurchase oftreasury shares
Disposal oftreasury shares
Net changes of
items other thanshareholders'equityTotal changes of
items during period
Balance at end ofcurrent period

1,581

(6)

8,927

(720)

1,407

11,189104

10,53776,047(1,373)
17,512
(22)
4

600

(16)

1,280

65

(939)

991

49

6

1,046

600

(16)

1,280

65

(939)

991

49

6

17,167

2,181

(22)

10,207(655)

468

12,180153

10,543

93,2159

Consolidated Statements of Cash Flows(Million yen)
For the fiscal year
ended March 31, 2017
Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Loss (gain) on sales and retirement of property, plantand equipment
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of shares of subsidiaries
Restructuring cost
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of intangible assets
Payments for transfer of businessNet decrease (increase) in short-term loans receivable
Payments of long-term loans receivableCollection of long-term loans receivable
Payments for sales of shares of subsidiaries resulting
in change in scope of consolidation
Proceeds from sales of shares of subsidiaries resulting
in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Repayments of finance lease obligations
Repayments of long-term loans payable
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

10

For the fiscal year
ended March 31, 2018

13,646
13,95523,307
14,036

173

89

618
410
(345)
639

(1,247)
(315)
(658)
631

7,816

(4,253)

4,815

(756)

(4,165)(983)(2,114)
1,002
7,961
44,413338(723)(7,012)37,016

(274)
236
(238)
176
5,966
35,716632(610)(6,646)29,092(6,356)649(399)
4(2,534)
(2)
(29)
13

(8,214)
123
(13)
313
(3,349)
(320)
0
(7)
12

-

(289)

1,747

-

32
(6,876)257(11,487)(2,256)(2,823)
(3)
(10)
(4)
(397)
57
(5,439)(787)(3,415)(3)(22)(1,374)(492)
0(6,095)(1,231)(282)

23,46822,66046,12911,226
46,12957,355