FY2019 First Six Months
Consolidated Business Results

Nov 6, 2019

© 2019 Toshiba Tec Corporation

Contents

01 Key Messages
FY2019 First Six Months
02 Consolidated Business Results

03 FY2019 Forecast© 2019 Toshiba Tec Corporation1

01
Key Messages© 2019 Toshiba Tec Corporation

2

Key Messages

Ordinary profit and profit attributable to owners of parent
reached record highs for the first half of fiscal year
All of operating profit, ordinary profit and profit attributable to owners ofparent increased significantly.

Profits increased significantly in the retail solutions business
Operating profit of domestic retail solutions business in the first half of
FY2019 reached record high.

Structural Reform
Implemented structural reform to improve profitability of overseas business.

© 2019 Toshiba Tec Corporation3

02
FY2019 First Six Months
Consolidated Business Results© 2019 Toshiba Tec Corporation

4

FY2019 First Six Months Business Results(Billions of yen)

FY2019/1H

FY2018/1H

ActualForecast(May 10)

Actual

249.9

235.0

236.1

10.2

8.0

7.2

(4.1%)(3.4%)(3.0%)

9.7

7.0

5.9(3.9%)(3.0%)(2.5%)

7.9

4.6

4.3(3.2%)(2.0%)(1.8%)

US$109.19

105.00EUR

122.01125.00Net Sales
Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)
Foreign currency
exchange rate(Yen)FY2019/1HDifference
vs.
FY2019/1H FC(May 10)vs.
FY2018/1H
Actual+14.9+13.8+2.2+3.0+2.7+3.8+3.3+3.6

109.50+4.19△0.31

129.52

△2.99

△7.51

© 2019 Toshiba Tec Corporation5

Operating Profit Analysis of FY2019/1H
SG&A

Gross Profit+6.5(Billions of yen)

+1.1+0.8△0.8△1.8Others

7.2Currency
Exchange△1.4PersonnelExpenses

10.2
Others△1.4
Currency
Exchange

FY2018/1H
OperatingProfit

R&D

Increase in
Net Sales

FY2019/1H
OperatingProfit© 2019 Toshiba Tec Corporation

6FY2019 First Six Months Business Results by Segment(Billions of yen)

RetailSolutions
BusinessGroupNet Sales
Operating Profit(Rate of Sales)

PrintingSolutions
BusinessGroupNet Sales
Operating Profit(Rate of Sales)

Net Sales
Consolidated
Total
Operating Profit(Rate of Sales)

FY2019/1H

FY2018/1H

Difference

ActualActualvs. FY2018/1H

159.9

145.5

8.4

5.2(5.2％)(3.6％)

94.0

94.8

1.8

2.0(1.9%)(2.1%)

249.9236.1

10.2

7.2

(4.1%)(3.0%)+14.4+3.2△0.7△0.2+13.8+3.0© 2019 Toshiba Tec Corporation7

Balance Sheet
Equity ratio decreased by 1.2% to 31.8%, due to the impactof new lease accounting(Billions of yen)

Liabilities and Net Assets
295.9
275.1
-Loans0.9

Assets

275.1
55.5
60.1
43.3
30.4

295.9
57.1

-Cash and cash
equivalents

61.5-Notes andaccounts
receivable-trade

45.0-Inventories

31.7-Other current
assets

85.8

100.6

19/3E

19/9E

-Non-current
assetspayable

0.4

173.9

100.8

19/3E

192.0

103.0-Others
liabilities-NetAssets

19/9E© 2019 Toshiba Tec Corporation

8

FY2019/1H Cash Flows
Created free cash flow through efficient cash management(Billions of yen)Free cash flow
Cash flows from investing activities

14.7

Cash flows from operating activities

9.9

7.7
3.4

△6.5

△7.0

FY2018/1H

FY2019/1H© 2019 Toshiba Tec Corporation

9

03
FY2019 Forecast© 2019 Toshiba Tec Corporation

10

FY2019 Forecast, Overall(Billions of yen)

FY2019FY2018

Forecast

Forecast(May 10)

Actual

480.0

480.0

476.8

20.0

20.0

18.0

(4.2%)(4.2%)(3.8%)

18.0

18.0

16.5

(3.8%)(3.8%)(3.5%)

12.0

12.0

11.2

(2.5%)(2.5%)(2.4%)

US$

107.34*105.00EUR120.84*

125.00Net Sales
Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)
Foreign currencyexchange rate(Yen)FY2019Difference
vs. FY2019 FC(May 10)

vs. FY2018
Actualー+3.2ー+2.0ー+1.5ー+0.8

110.69+2.34△3.35

128.78

△4.16

△7.94

＊Foreign currency exchange rates of 19/2H forecasts are US$=105yen, EUR=120yen.
© 2019 Toshiba Tec Corporation

11FY2019 Forecast by Segment
FY2019FY2019FY2018

Forecast

Forecast(May 10)

ActualNet Sales

301.0

296.0

292.3

Operating
Profit

15.0

13.5

12.3

(5.0％)(4.6％)(4.2%)Net Sales

188.0

193.0

192.9

Operating
Profit

5.0

6.5

5.7

(2.7%)(3.4%)(2.9%)

480.0

480.0

476.8

20.0

20.0

18.0

(4.2%)(4.2%)(3.8%)(Billions of yen)

RetailSolutions
BusinessGroup(Rate of Sales)

Printing
Solutions
BusinessGroup(Rate of Sales)

Net Sales
Consolidated
Total
Operating
Profit(Rate of Sales)

Difference
vs. FY2019 FC(May 10)vs. FY2018
Actual+5.0+8.7+1.5+2.7△5.0△5.0△1.5△0.7ー+3.2ー+2.0© 2019 Toshiba Tec Corporation12

Appendix© 2019 Toshiba Tec Corporation

13

FY2019 Forecast: Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen (Annual)

FY2019/2HNet Sales

Operating Profit

US$105 yen＋1.9 billion yen△0.1 billion yen

EUR125 yen+0.4 billion yen＋0.2 billion yen© 2019 Toshiba Tec Corporation

14

FY2019 Forecast:

Capital investment, Depreciation and Amortization, R&D expenses(Billions of Yen)

Capital investment ,Depreciation and Amortization
20R&D expenses
35301514.2 14.0

14.1 14.3

15.0 15.0

28.1

27.8

FY17

FY1829.025
201015105500
FY17
Capital investment

FY18

FY19Forecast
Depreciation & Amortization

FY19Forecast

R&D expenses© 2019 Toshiba Tec Corporation15

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.

© 2019 Toshiba Tec Corporation16

© 2019 Toshiba Tec Corporation

17