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 Six Months Ended September 30, 2018
[Japanese GAAP]
November 07, 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 filing quarterly securities report: November 09, 2018
Scheduled date of commencing dividend payments: December 03, 2018
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2018 (April 01, 2018 to September 30, 2018)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent%
Million yen%
Million yen%
Million yen%
Million yen
Six months ended
September 30, 2018
236,071(2.9)
7,184(30.9)
5,897(38.2)
4,307(16.4)
243,218(0.1)
10,392
61.3
9,535
26.1
5,150
19.5
September 30, 2017
(Note) Comprehensive income:Six months ended September 30, 2018:¥
5,002 million [(29.4) %]Six months ended September 30, 2017:¥
7,085 million [-%]
Basic earnings
per share

Diluted earnings pershare

YenYenSix months endedSeptember 30, 2018
78.38
78.27
September 30, 2017
93.73
93.63
(Note)The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.

Accordingly, the figures for basic earnings per share and diluted earnings per share have been calculated assuming that the stock split
was executed at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2018277,708
March 31, 2018282,630(Reference) Equity: As of September 30, 2018:
As of March 31, 2018:Net assets

Capital adequacy ratio

Million yen¥¥

1

96,09893,21586,247 million
82,518 million

%

31.1
29.2

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2018

-

3.00

-

5.00

8.00

Fiscal year ending March 31, 2019

-

4.00

Year-end

Total

Fiscal year ending March 31, 2019

20.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
NoThe Company carried 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 is 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%

Million yen%

Million yen%

Million yen%

Yen

Full year
500,000(2.6)
18,000 (26.7)
15,000 (34.1)
8,000 (54.3)
145.61(Note) Revision to the financial results forecast announced most recently:
No
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".

2* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2018(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2018:
57,629,140 shares
March 31, 2018:
57,629,140 shares2) Total number of treasury shares at the end of the period:
September 30, 2018:
2,669,178 shares
March 31, 2018:
2,688,267 shares
3) Average number of shares during the period:
Six months ended September 30, 2018:
Six months ended September 30, 2017:

54,950,335 shares
54,945,183 shares(Note)The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.
Accordingly, the figures for total number of issued shares (common shares), total number of treasury shares at the end of the period,
and average number of shares during the period have been calculated assuming that the stock split was executed at the beginning of theprevious fiscal year.

*(Dividends and consolidated earnings forecasts after the share consolidation)
At the 93th Annual General Meeting of Shareholders of TOSHIBA TEC CORPORATION held on June 26, 2018, it was approved tocarry out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.
Accordingly, The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October01, 2018.
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
Full year : 29.12 yen

3Quarterly Consolidated Financial Statement
Quarterly Consolidated Balance Sheet(Million yen)
As of March 31, 2018
AssetsCurrent assets
Cash and deposits
Group Deposits PaidNotes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
OtherTotal intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of September 30, 201857,35567,99632,885
1,525
6,758
32,775(1,925)
197,373

46,91010,00057,42933,384
1,306
7,393
34,309(1,818)
188,915

28,09028,647

4,083
9,052
13,135

3,863
9,141
13,004

44,138(107)
44,03085,257
282,630

47,240(99)
47,141
88,792
277,708

(Million yen)
As of March 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Other
Total current liabilities
Non-current liabilities
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 plansTotal accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of September 30, 2018

59,604304
4,771
75,218139,898

57,951296
3,356
70,389131,994

35,77913,73749,516
189,415

35,643
13,972
49,615
181,610

39,97012
35,861(5,507)70,33739,97039,480(5,471)
73,980

2,181

2,078

(22)
10,207(655)468
12,180153
10,543
93,215
282,630

10
10,155(555)
578
12,267
147
9,702
96,098
277,708

Quarterly Consolidated Statemaent of Income and Comprehensive Income
Quarterly Consolidated Statemaent of Income (For the six months)(Million yen)
For the six months
ended September 30, 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
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
Total extraordinary income
Extraordinary losses
Restructuring cost
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

6

For the six months
ended September 30, 2018

243,218
143,109
100,108
89,715
10,392

236,071
138,153
97,91890,733
7,184

270
67
127
464

180
24
824
177
1,206

293
201
4
39
782
1,321
9,535

176
1,388
73
855
2,493
5,897

-506
506

110
110
9,424
4,085
5,339
188
5,150

6,403
2,1254,278
(28)
4,307

Quarterly Consolidated Statemaent of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30, 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 toOwners of parent
Non-controlling interests

7For the six months
ended September 30, 2018

5,339

4,278

321
111,265(54)
202
1,746
7,085(103)
32
476
208
110
724
5,002

6,757
328

4,393
608

Quarterly Consolidated Statemaent of Cash Flows (For the six months)(Million yen)
For the six months
ended September 30, 2017
Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sales and retirement of property, plantand equipment
Restructuring cost
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
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 intangible assets
Purchase of investment securities
Net decrease (increase) in short-term loans receivableProceeds from sales of investment securities
Payments of long-term loans receivableCollection of long-term loans receivable
Purchase 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
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Payments from changes in ownership interests insubsidiaries that do not result in change in scope ofconsolidation
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

8

For the six months
ended September 30, 2018

9,424
7,075
(557)
(6)
(337)
293

6,403
7,042
(180)
(239)
(204)
176

39

73

110
-

(506)

5,727

12,496(6,648)228

484(4,588)(1,257)
14,348323(293)(4,516)9,862(6,459)14,242226(200)(4,387)9,880(3,559)53(1,900)
(6)
(1)
(4)
6(5,487)
39(1,157)
(6)
0631
(0)
5-

(667)

(61)
(5,474)160(6,481)(686)(1,536)
(11)
(549)
(421)

(7)
(1,649)(7)(1,373)(749)-(1,495)(1)(3,206)(1)(5,285)

1,549

1,441

2,730
46,12948,859(444)
57,35556,911

Notes to Quarterly Consolidated Financial Statement(Changes in Accounting Policy)
TOSHIBA TEC CORPORATION Group's subsidiaries reporting under IFRS and US GAAP have applied IFRS 15and ASU 2014-09 "Revenue from Contracts with Customers" from the three months ended June 30, 2018.
The impact of this change on profit or loss for the six months ended September 30, 2018 is insignificant.
The Group has adopted the approach of recognizing the cumulative effect of applying this standard at the date ofinitial application as permitted by transitional method of IFRS 15 and ASU 2014-09.
(Additional Information)
TOSHIBA TEC CORPORATION has applied the ASBJ Statement No.28 "Partial Amendments to AccountingStandard for Tax Effect Accounting" and relevant Guidances effective from the beginning of the first quarter of thefiscal year ending March 31, 2019. Accordingly, Deferred tax assets were classified as Investments and other assets, andDeferred tax liabilities were classified as Non-current liabilities.

9