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, 2021
[Japanese GAAP]
November 08, 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 filing quarterly securities report: November 10, 2021
Scheduled date of commencing dividend payments: December 01, 2021
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, 2021 (April 01, 2021 to September 30, 2021)(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, 2021
216,977
13.2
4,332
3,079
2,464
191,735(23.3)(930)(1,388)(6,968)September 30, 2020
(Note) Comprehensive income:Six months ended September 30, 2021:¥
2,032 million [-%]
Six months ended September 30, 2020:¥(8,770) million [-%]
Basic earnings
per share

Diluted earnings pershare

YenYenSix months ended
September 30, 2021
44.79
44.78
September 30, 2020
(126.71)(Note) Diluted earnings per share for the six months ended September 30, 2020 is not presented even though The Company has
issued potential shares, because the per share date is a net loss per share.

(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2021
293,967
March 31, 2021
289,313(Reference) Equity: As of September 30, 2021:
As of March 31, 2021:

Net assets

Capital adequacy ratio

Million yen¥¥

1

110,974
109,862
104,956 million
102,710 million

%35.7
35.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021

-

0.00

-

20.00

20.00

Fiscal year ending March 31, 2022

-

20.00
-

20.00

40.00

Fiscal year ending March 31, 2022
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

TotalNo

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.)
Profit attributable to Basic earningsNet sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Yen

440,000
8.5
15,00081.5
12,000
Full year(Note) Revision to the financial results forecast announced most recently:
No

Million yen%

Million yen%

66.8

7,000

(1.8)

127.22* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2021
(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:(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, 2021:
57,629,140 shares
March 31, 2021:
57,629,140 shares2) Total number of treasury shares at the end of the period:
September 30, 2021:
2,595,730 shares
March 31, 2021:
2,616,163 shares
3) Average number of shares during the period:
Six months ended September 30, 2021:
Six months ended September 30, 2020:

55,020,601 shares
54,998,810 shares2))
YesQuarterly Consolidated Financial Statement
Quarterly Consolidated Balance Sheet(Million yen)
As of March 31,2021
AssetsCurrent assets
Cash and deposits
Group deposits paid
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contractassets
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
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of September 30,2021

42,17910,064
63,92852,617
7,535--

59,78331,582
4,376
6,944
24,115(1,394)
181,797

31,762
4,946
9,927
23,279(1,405)
188,448

45,16842,7301,633
9,876
11,5101,266
9,868
11,13450,929(91)
50,837
107,516
289,31351,741(88)
51,653
105,518
293,967(Million yen)
As of March 31,2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
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

4

As of September 30,2021

48,509542
1,375
74,918125,346

54,496636
2,292
73,826131,253

1,019
26,624
26,46054,104
179,450

992
25,512
25,23551,739
182,992

39,97057
52,616(5,372)87,27339,970107
54,160(5,334)88,905

1,681

1,716

(16)
10,805(832)3,799
15,43657
7,094
109,862
289,31317
11,514(832)
3,634
16,05048
5,969
110,974
293,967

Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the six months)(Million yen)
For the six months
ended September 30,2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend incomeGain on valuation of derivatives
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Reversal of environmental expenses
Total extraordinary income
Extraordinary losses
Restructuring cost
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Loss attributable to non-controlling interests
Profit (loss) attributable to owners of parent5For the six months
ended September 30,2021

191,735
116,73175,00375,933(930)

216,977
130,477
86,50082,167
4,332

150
22
387
220
780

175
22
689
139
1,027

263
164
809
1,238
(1,388)

253
1,430
596
2,280
3,079

284
284

-

6,630
6,630
(7,735)470(8,205)(1,236)(6,968)

863
863
2,216
866
1,349
(1,114)2,464

Quarterly Consolidated Statement of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2020
Profit (loss)
Other 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

6For the six months
ended September 30,2021(8,205)1,349

329
0(1,042)
(16)
164
(564)
(8,770)

3434
777
(0)
(164)
682
2,032

(7,391)(1,378)3,078(1,046)

Quarterly Consolidated Statement of Cash Flows(Million yen)
For the six months
ended September 30,2020
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation and amortization
Reversal of environmental expenses
Restructuring cost
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
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
Proceeds from withdrawal of 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

7

For the six months
ended September 30,2021(7,735)
7,932
(284)
6,630
154
(4,171)(172)263
1,262
4,263
(10,747)
1,239(1,362)
197(260)(6,154)(2,787)20(10,347)

2,216
7,958
863
2(1,423)
(198)
253
6,702
(4,262)
5,337(217)
17,232
199
(258)
(637)
(1,210)
1,395
16,722(4,097)66(1,006)
(36)
11
32
(3)
2(124)(67)(5,224)477(3,689)128(1,127)(1,168)08(0)263(5,304)(89)(1,571)
207
(6)
(550)
(130)
(2,141)(273)(2,495)
355
(21)
(6)
(1,099)(79)(3,621)

311

595(17,401)
53,30235,9008,392
51,75360,145