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, 2021
[Japanese GAAP]May 10, 2021
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: https://www.toshibatec.co.jp/
Representative: Hironobu Nishikori
President and CEO
Contact: Akira Abe
Senior Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of Annual General Meeting of Shareholders: June 28, 2021
Scheduled date of commencing dividend payments: June 07, 2021
Scheduled date of filing annual securities report: June 28, 2021
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, 2021 (April 01, 2020 to March 31, 2021)(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, 2021
405,694(16.1)
8,263(40.9)
7,193(37.8)
7,126
91.0
March 31, 2020
483,799
1.5
13,977(22.3)
11,559(29.8)
3,730(66.7)(Note) Comprehensive income:Fiscal year ended March 31, 2021:¥
14,128 million [-%]Fiscal year ended March 31, 2020:¥(1,383) million [-%]Basic earnings per share

Diluted earnings per
share

Yen
Fiscal year ended
March 31, 2021
129.55
March 31, 2020
67.84
(Reference) Equity in earnings (losses) of affiliated companies:

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

%

%

129.46
7.5
67.76
4.2
Fiscal year ended March 31, 2021:
Fiscal year ended March 31, 2020:

Yen

2.5
4.1

2.0
2.9
- million- million¥¥(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2021
March 31, 2020
(Reference) Equity:

Net assets

Million yen

289,313
288,473
As of March 31, 2021:
As of March 31, 2020:

Capital adequacy ratio

Million yen¥¥

109,862
96,384
102,710 million
87,399 million

Net assets per share

%

Yen

35.5
30.3

1,867.01
1,589.48(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2021
March 31, 2020

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

9,240
20,751(9,573)(13,844)(4,309)(7,051)51,75353,3021

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

Year-end

Total

Payoutratio

Total
dividends(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%

March 31, 2020

-

20.00

-

10.00

30.00

1,649

44.2

1.8

March 31, 2021

-

0.00

-

20.00

20.00

1,100

15.4

1.2

-

20.00

-

-

-

Fiscal year ending
March 31, 2022-

(Forecast)(Note) The forecast for dividends of year end is undecided.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 01, 2021 to March 31, 2022)(% indicates changes from the previous corresponding period.)
Basic
Profit attributable to
Net sales
Operating profit
Ordinary profit
earnings perowners of parent
shareMillion yen

Full year

420,000% Million yen

3.5% Million yen

21,000154.1

18,000% Million yen

150.2

10,000

%

Yen

40.3

181.79* 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, 2021:
57,629,140 shares
March 31, 2020:
57,629,140 shares2) Total number of treasury shares at the end of the period:
March 31, 2021:
2,616,163 shares
March 31, 2020:
2,642,915 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2021:
Fiscal Year ended March 31, 2020:

55,006,249 shares
54,979,836 shares

2

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 01, 2020 to March 31, 2021)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
Net income
Million yen%
Million yen%
Million yen%
Million yen%
Fiscal year ended
March 31, 2021
216,332(19.6)(2,169)1,297(84.7)
8,437
March 31, 2020
268,970
7.8
7,149
33.4
8,503
2.0
279
(96.9)
Basic earnings per share
Fiscal year ended
March 31, 2021
March 31, 2020

Diluted earnings per share

Yen

Yen

153.385.07

153.275.06(2) Non-consolidated Financial Position
Total assets
Million yen
As ofMarch 31, 2021
197,459
March 31, 2020
199,090(Reference) Equity: As of March 31, 2021:
As of March 31, 2020:

Net assets

Capital adequacy ratio

Million yen¥¥

383,47675,126
83,419 million
75,016 million

Net assets per share

%

Yen

42.2
37.7

1,516.35
1,364.27

Consolidated Financial Statement
Consolidated Balance Sheet(Million yen)
As of March 31,2020
AssetsCurrent assets
Cash and deposits
Group deposits paid
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
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
Retirement 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 31,2021

44,907
8,394
59,70133,502
4,974
8,026
30,435(1,393)
188,549

42,17910,064
63,92831,582
4,376
6,944
24,115(1,394)
181,797

23,657(17,831)
5,825
45,252(34,685)
10,566
41,155(36,183)
4,971
1,268
30,294(9,122)
21,171
2,241
46,04624,554(18,480)
6,074
49,532(39,399)
10,13340,983(35,856)
5,126
1,270
33,981(12,814)
21,167
1,395
45,168

2,377
426
9,572
12,376

1,633
355
9,521
11,5104,276
1,908
21,86913,466(19)
41,501
99,924288,473

5,170
4,621
27,367
13,768(91)
50,837
107,516
289,313(Million yen)
As of March 31,2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease obligations
Accounts payable - other
Income taxes payable
Unearned revenue
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
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
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of March 31,2021

54,775346
7,043
22,101
3,845
12,15730,201
130,471

48,509542
7,178
20,8091,375
15,014
31,917125,346804
18,74735,861
6,204
61,617
192,088

1,019
18,484
26,624
7,976
54,104
179,450

39,97024
46,040(5,422)80,612

39,97057
52,616(5,372)87,273

1,208

1,681

(4)
7,795
(521)
(1,691)
6,786
110
8,873
96,384288,473(16)
10,805(832)
3,799
15,43657
7,094
109,862
289,313

Consolidated Statement of Income and Comprehensive Income
Consolidated Statement of Income(Million yen)
For the fiscal year
ended March 31,2020
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 sale and retirement of non-current assets
Commission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Reversal of environmental expenses
Total extraordinary income
Extraordinary losses
Impairment loss of noncurrent assets
Loss on valuation of investment securities
Restructuring cost
Environmental expenses
Total extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

6

For the fiscal year
ended March 31,2021

483,799
289,093
194,706
180,728
13,977

405,694
243,421
162,272
154,009
8,263

364
84
599
1,049

272
46
832
484
1,635

522
150
920
181
1,692
3,467
11,559

506
673
48
353
1,123
2,705
7,193

18
18

284
284

85
13
589
729
1,418
10,159
5,242
1,394
6,636
3,522
(207)
3,730

25
7,628
7,653
(176)
1,212
(6,614)(5,402)
5,225(1,900)7,126Consolidated Statement of Comprehensive Income(Million yen)
For the fiscal year
ended March 31,2020
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 to
Owners of parent
Non-controlling interests

7

For the fiscal year
ended March 31,2021

3,522

5,225

(627)
(25)
(1,710)(62)(2,480)(4,906)(1,383)

473
(12)
3,263
(311)
5,490
8,902
14,128

(781)
(601)

15,776(1,648)

Consolidated Statement of Changes in Net Assets
For the fiscal year ended March 31,2020(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitattributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

39,970Retained earnings-

Treasury shares

45,103

Total shareholders'equity(5,474)

79,599(44)
39,970-(44)45,058(5,474)79,554(2,748)(2,748)

3,730

3,730

24

(10)

(10)

62

86

-

24

981

52

1,058

39,97024

46,040(5,422)80,612

Accumulated other comprehensive income
Valuation
Total
Share
Deferred Foreign Minimum Remeasurements
difference
accumulated acquisition Non-controlling Total net
gains or currency pension of definedinterests
assetsonotherrightslosses on translation liability
benefitavailable-for-salecomprehensive
hedges adjustment adjustment planssecurities
incomeBalance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitattributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period

1,835

21

9,111

(458)

788

11,298147

9,712

100,758
(44)

1,835

21

9,111

(458)

788

11,298147

9,712

100,713(2,748)
3,730
(10)
86
(627)

(25)

(1,315)(62)(2,480)(4,511)

(36)

(838)

(5,387)

(627)

(25)

(1,315)(62)(2,480)(4,511)

(36)

(838)

(4,328)

1,208

(4)

7,795

(521)

(1,691)

6,786

110

8,873

96,3848

For the fiscal year ended March 31,2021(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitattributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

Retained earnings

24

46,04039,970Treasury shares

Total shareholders'equity(5,422)80,612-

39,97024

46,040(5,422)80,612

(549)

(549)

7,126

7,126

33

(12)

(12)

62

95

-

33

6,576

50

6,660

39,97057

52,616(5,372)87,273

Accumulated other comprehensive income
Valuation
Total
Share
Deferred Foreign Minimum Remeasurements
difference
accumulated acquisition Non-controlling Total net
gains or currency pension of definedinterests
assetsonotherrightslosses on translation liability
benefitavailable-for-salecomprehensive
hedges adjustment adjustment planssecurities
incomeBalance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitattributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period

1,208

(4)

7,795

(521)

(1,691)

6,786

110

8,873

96,384
-

1,208

(4)

7,795

(521)

(1,691)

6,786

110

8,873

96,384

(549)
7,126
(12)
95
473

(12)

3,010

(311)

5,490

8,650

(53)

(1,779)

6,817

473

(12)

3,010

(311)

5,490

8,650

(53)

(1,779)13,478

1,681

(16)

10,805

(832)

3,799

15,43657

7,094

109,8629

Consolidated Statement of Cash Flows(Million yen)
For the fiscal year
ended March 31,2020
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation and amortization
Loss (gain) on sales of investment securities
Reversal of environmental expenses
Impairment loss of noncurrent assets
Loss (gain) on valuation of investment securities
Restructuring cost
Environmental expenses
Interest and dividend income
Interest expenses
Loss (gain) on sale and retirement of non-current
assetsIncrease (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Payment for extra retirement payments
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Net decrease (increase) in short-term loans receivable
Long-term loan advances
Proceeds from collection of long-term loans receivable
Payments for acquisition of businesses
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of finance lease obligations
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
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 31,2021

10,15916,629
(18)
85
13
589
729
(449)
522

(176)
15,884
(284)
25
7,628
(318)
506

181

48

(148)
(1,721)(1,267)(4,307)543
3,370
24,913419(509)(4,480)408
20,751

22(4,106)(1,046)
4,989(8,788)
8,776
23,161
346(508)(7,505)(6,319)66
9,240(9,922)194(2,740)(1,254)
22
(34)
(1)
7
(115)
(13,844)(450)(6,986)383(2,128)
(316)
11
57
(3)
7
(124)
(23)
(9,573)13(4,856)
834
(3)
(10)
(2,745)(284)(7,051)(291)(3,932)
609
(12)
(552)
(130)
(4,309)(2,051)

3,093(2,196)55,49853,302(1,549)53,30251,753