FY2017
Consolidated Business Results

May 9, 2018
Toshiba Tec Corporation© 2018 Toshiba Tec Corporation

Content01

Key Messages

02

FY2017 ConsolidatedBusiness Results

03

FY2018 Forecast© 2018 Toshiba Tec Corporation1

Key Messages
Toshiba Tec achieved the highest net income inthe company’s history
Achieved the highest net income in the company’s history(about twice that of the previous fiscal year)
Operating income, ordinary income and net income increasedsignificantly.
The domestic retail solutions business achieved the highest sales andoperating income in its history.

Overseas retail solutions business profitability improved
Improved profitability for two consecutive years due to improved
business efficiency.

Dividend policy
Due to its significantly improved profitability, Toshiba Tec will
increase its annual dividend by about 30% compared to theprevious forecast to 8 yen per share. In FY2018, a 30% equity ratio
and a 30% dividend ratio are expected.
© 2018 Toshiba Tec Corporation

2

Content01

Key Messages

02

FY2017 Consolidated
Business Results

03

FY2018 Forecast© 2018 Toshiba Tec Corporation3

FY2017 Business Results(Billions of Yen)FY2017FY2017FY2016ActualForecastActualDifference
vs. FY2017
ForecastNet Sales

513.3

505.0497.6

Operating Income

24.5

20.0

14.6(4.8%)(4.0%)(2.9%)

22.8

18.0

12.5(4.4%)(3.6%)(2.5%)

17.5

12.5

7.8(3.4%)(2.5%)(1.6%)

US$

111.21110.00EUR

129.34128.00(Rate of sales)

Ordinary Income(Rate of sales)

Net Income Attributableto Owners of Parent(Rate of sales)
Foreign currency
exchangerate(Yen)

vs. FY2016
Actual+8.3+15.7+4.5+9.9+4.8+10.2+5.0+9.8

108.73+1.21+2.48

119.30+1.34+10.04© 2018 Toshiba Tec Corporation4Operating Income Analysis of FY2017
Gross Profit

SG&A(Billions of yen)

△1.2+7.9+5.2△0.6
146 Business14.6 Transfer

FY16
Operating
IncomeCurrency
Exchange

Increase inNet Sales△3.4
OthersCurrency
Exchange△0.1△3.0+5.1
OthersR&D
Personnel
Expenses

Others24.5245

FY17
Operating
Income© 2018 Toshiba Tec Corporation

5

FY2017 Business Results by Segment(Billions of Yen)

RetailSolutions
BusinessGroupFY2016

ActualForecast

ActualDifference
vs. FY2017
Forecast

vs. FY2016
Actual

324.5

314.0

320.8

+10.5+3.7

Operating
Income17.312.511.3(5.3％)(4.0％)(3.5%)+4.8+6.0

Net Sales

200.0

203.0

189.1

△3.0+10.8

Operating
Income7.3

7.5

3.4(3.6%)(3.7%)(1.8%)△0.2+3.9

Net Sales

513.3

505.0

497.6

+8.3

+15.7

Operating
Income

24.5

20.0

14.6

(4.8%)(4.0%)(2.9%)+4.5+9.9(Rate of Sales)

Consolidated
Total

FY2017

Net Sales(Rate of Sales)

PrintingSolutions
BusinessGroupFY2017(Rate of Sales)© 2018 Toshiba Tec Corporation

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FY2017(18/3E) Balance Sheet
AssetsLiabilities and Net Assets(Billions of yen)

269.4

282.6

269.457.4-Cash and cash
equivalents

63.8

68.0

-Notes andaccounts
receivable

40.6

41.2

-Inventories

37.9

37.0

-Other current
assets81.0

79.1-Non-current
assets

17/3E

18/3E

46.1

1.0

192.4

282.6
0.3

189.1

76.0

93.2

17/3E

18/3E

-Loanspayable-Otherliabilities-Net
assets

The equity ratio improved significantly due tohigher profitability© 2018 Toshiba Tec Corporation

7

FY2017 Cash Flows(Billions of yen)Free cash Flow
Cash flow from investing activities
Cash flow from operating activities

37.0

30.1

29.1
17.6

△6.9FY2016△11.5

FY2017

Maintained a positive free cash flow due togood business performance© 2018 Toshiba Tec Corporation

8Content01

Key Messages

02

FY2017 ConsolidatedBusiness Results

03

FY2018 Forecast© 2018 Toshiba Tec Corporation

9

FY2018 Forecast, Overall(Billions of Yen)FY2018FY2017

Difference

Forecast

Actualvs. FY2017

Net Sales

500.0

513.3

Operating Income

18.0

24.5

(3.6%)(4.8%)

15.0

22.8(3.0%)(4.4%)

8.0

17.5(1.6%)(3.4%)

US$110.00

111.21△1.21

EUR

130.00129.34+0.66(Rate of sales)

Ordinary Income(Rate of sales)
Net Income Attributable to Ownersof Parent(Rate of sales)

Foreign currency
exchange rate(Yen)

△13.3

△6.5

△7.8

△9.5

© 2018 Toshiba Tec Corporation

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FY2018 Forecast by Segment(Billions of yen)

RetailSolutions
BusinessGroupNet Sales
Operating Income(Rate of Sales)

PrintingSolutions
BusinessGroup

Net Sales
Operating Income(Rate of Sales)

Net Sales
Consolidated
Total
Operating Income(Rate of Sales)

FY2018FY2017

Difference

Forecast

Actualvs. FY2017

303.0

324.5

8.5

17.3

(2.8％)(5.3％)

209.0

200.0

9.5

7.3

(4.5%)(3.6%)

500.0

513.3

18.0

24.5

(3.6%)(4.8%)△21.5△8.8+9.0+2.2

△13.3

△6.5

© 2018 Toshiba Tec Corporation

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Appendix© 2018 Toshiba Tec Corporation

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FY2018 Forecast: Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen (Annual)

FY2018

Sales

O/I

US$

110 yen＋1.8 billion yen△0.0 billion yen

EUR

130 yen+0.5 billion yen＋0.2 billion yen© 2018 Toshiba Tec Corporation

13

FY2018 Forecast:

Capital investment, depreciation and amortization, R&D expenses(Billions of yen)

Capital investment ,Depreciation and Amortization

R&D expenses
352016.01514.0

14.2 14.0

3028.228.1

FY16

FY1730.0

15.02512.1
201015105500
FY16
Capital investment

FY17FY18
Forecast
Depreciation & Amortization

FY18
Forecast

R&D expenses© 2018 Toshiba Tec Corporation

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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.

© 2018 Toshiba Tec Corporation15

© 2018 Toshiba Tec Corporation