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, 2017
[Japanese GAAP]
November 08, 2017
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 13, 2017
Scheduled date of commencing dividend payments: December 01, 2017
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, 2017 (April 01, 2017 to September 30, 2017)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to owners
Net sales
Operating income
Ordinary incomeof parent
Million yen%
Million yen%
Million yen%
Million yen%Six months ended
September 30, 2017
243,218(0.1)
10,392
61.3
9,535
26.1
5,150
19.5
September 30, 2016
243,412
(8.1)
6,443
7,560
4,310
(Note) Comprehensive income:Six months ended September 30, 2017:¥7,085 million [-%]
Six months ended September 30, 2016:¥(7,041) million [-%]
Basic earnings
per share
Six months ended
September 30, 2017
September 30, 2016

Diluted earnings pershare
YenYen18.74
15.69

18.72
15.67

(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2017
279,044
March 31, 2017269,393(Reference) Equity: As of September 30, 2017:
As of March 31, 2017:

Net assets

Capital adequacy ratio

Million yen¥¥

182,45376,04771,607 million
65,406 million

%

25.7
24.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2017-

0.00

-

2.00

2.00

Fiscal year ending March 31, 2018-

3.00-3.00

6.00

Fiscal year ending March 31, 2018
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotalYes

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2018(April 01, 2017 to March 31, 2018)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating income
Ordinary income
owners of parent
per share%

Million yen%

Million yen%

Yen

Full year
505,000
1.5
20,00036.5(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

18,000
Yes

43.6

9,000

16.0

32.76

* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2017(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:
Exclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) 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(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, 2017:
288,145,704 shares
March 31, 2017:
288,145,704 shares2) Total number of treasury shares at the end of the period:
September 30, 2017:13,423,974 shares
March 31, 2017:13,414,545 shares
3) Average number of shares during the period:
Six months ended September 30, 2017:Six months ended September 30, 2016:274,725,915 shares
274,663,320 shares2))
YesQuarterly Consolidated Financial Statements
Quarterly 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
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of September 30,2017

46,12963,76932,8491,629
6,100
40,460(2,572)
188,367

48,85960,90836,701
1,713
9,923
41,097(2,061)
197,142

29,06830,627

6,053
8,263
14,317

5,020
8,759
13,77938,295(655)
37,64081,026269,393

38,200(705)
37,495
81,901
279,044(Million yen)
As of March 31,2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
OtherTotal 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 adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of September 30,2017

61,8601,048
5,485
74,681
143,076

64,832405
4,802
76,997147,037

35,066
15,20350,269193,346

34,868
14,68549,554
196,591

39,97011
19,722(5,488)54,21739,97012
24,323(5,495)58,811

1,581

1,901

(6)
8,927
(720)
1,407
11,189104
10,53776,047269,3935
10,056(775)
1,608
12,796
153
10,69182,453
279,044

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended September 30,2016
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
Foreign exchange losses
Loss on sales and retirement of non-current assets
Loss on valuation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Restructuring cost
Total extraordinary losses
Profit before income taxesIncome taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

5

For the six months
ended September 30,2017

243,412141,372
102,039
95,596
6,443

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

134
66
2,004
212
2,418

270
67
127
464

336
58
155
751
1,301
7,560

293
4
39
201
782
1,321
9,535

783
783
6,776
3,359
3,416
(894)
4,310

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

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2016
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 ofparent
Comprehensive income attributable to non-controllinginterests

6

For the six months
ended September 30,2017

3,416

5,339

(168)
(72)
(10,100)(27)(89)(10,458)(7,041)

321
111,265(54)
202
1,746
7,085

(4,774)

6,757(2,267)328

Quarterly Consolidated Statements of Cash Flows (For the six months)(Million yen)
For the six months
ended September 30,2016
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
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 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 receivable
Payments of long-term loans receivableCollection of long-term loans receivable
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
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

7For the six months
ended September 30,2017

6,776
7,915224(91)
(200)
336

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

58

39

783

110

8,701

5,727

1,088

(6,648)(1,984)484

3,094
26,702184(381)(2,459)24,045(1,257)
14,348323(293)(4,516)
9,862(2,916)69(1,090)
(7)
(6)
(21)
5
45
(3,922)(3,559)53(1,900)
(6)
(1)
(4)
6
(61)
(5,474)(2,072)(1,421)
(3)
(2)
(323)
39
(3,784)(686)(1,536)
(11)
(549)
(421)
(1)
(3,206)(6,234)

1,549

10,103
22,66032,764

2,730
46,12948,859