February 7, 2024
Listed company:
Representative:

Contact:

Toshiba Tec Corporation
Hironobu Nishikori
Representative Director
President and Chief Executive Officer(Securities code: 6588,
Tokyo Stock Exchange Prime Market)
Akira Abe
General Manager of Corporate
Communications Division(Tel: +81-3-6830-9151)

Notice of revision to the consolidated financial results forecast
for the fiscal year ended March 31, 2024
Toshiba Tec Corporation (the “Company”) hereby announces that the consolidated financial results forecast released on
November 13, 2023 for the fiscal year ended March 31, 2024 has been revised as follows.
1.

Revision to the consolidated financial results forecast for the fiscal year ended March 31, 2024 (April 1, 2023-March31, 2024)(Million yen)
Operating profit

Ordinary profit

Profitattributable toowners of parent

Million yen

Million yen

Million yen

Million yen

Yen

Previously announced forecast (A)540,000

18,00015,0007,000

129.33

Revised forecast (B)545,000

18,00015,00000.00－－(7,000)(129.33)－－(100.0)(100.0)16,07813,149(13,745)(248.37)

Net sales

Change (B)-(A)Change (%)(Reference) Results of the previousfiscal year (ended March 31, 2023)

2.

5,000
0.9
510,767

Basic earnings
per share

Reasons for revision to the consolidated financial results forecast
Net sales of the Retail Solutions Business Group remain unchanged, while those of the Workplace Solutions
Business Group have been revised upward due mainly to the impact of exchange rates. Operating profit and ordinary
profit remain unchanged from the previously announced forecast. Meanwhile, operating profit of the Retail Solutions
Business Group has been revised downward mainly due to the decline in demand overseas owing to factors such asincreasing uncertain overseas market conditions and delays in the timing of customer investments, etc., whereas thatof the Workplace Solutions Business Group has been revised upward in line with the fact that the business is steady.
Profit attributable to owners of parent has been revised downward due to the impact of the reversal of deferred tax
assets for some overseas subsidiaries of the Retail Solutions Business in the third quarter of the fiscal year ending
March 31, 2024, despite an expected increase in operating income in the fourth quarter of the fiscal year and apossible decrease in corporate tax adjustments. Based on these factors, the consolidated financial results forecast for
the fiscal year ending March 31, 2024 has been revised as stated above.
The reference exchange rates used in the consolidated financial results forecast for the fiscal year ending March 31,
2024 are ¥142.31 to the US dollar and ¥154.03 to the euro.

Additionally, the year-end dividend forecast remains unchanged from 25 yen per share (annual dividend of 45 yen)announced on November 13, 2023.
Note: For details, please refer to the “Notice regarding partial reversal of deferred tax assets” separately announced
today (February 7, 2024).
(Supplementary information)

Consolidated sales forecasts by segment for the fiscal year ending March 31, 2024
Previouslyannounced forecast(A)

Revised forecast(B)

Change (B) − (A)Retail Solutions

310,000

310,000–

Workplace Solutions

235,000

240,000

5,000

Eliminations(5,000)(5,000)–Net sales

540,000

545,000

5,000(Million yen)
Reference: resultsof the previous
fiscal year (endedMarch 31, 2023)

Change (%)–
2.1

296,951
217,672–0.9(3,857)
510,767

Consolidated operating profit forecasts by segment for the fiscal year ending March 31, 2024
(Million yen)
Reference: resultsof the previous
fiscal year (endedMarch 31, 2023)

Previously
announced forecast(A)

Revised forecast(B)

Change (B) − (A)Retail Solutions

9,000

6,500

(2,500)(27.8)

9,196

Workplace Solutions

9,000

11,500

2,500

27.8

6,882

Operating profit

18,00018,000––16,078Change (%)

Average exchange rate forecasts for the fiscal year ending March 31, 2024

Average exchange rate
(Yen to the US dollar)
Average exchange rate
(Yen to the euro)(Yen)
Reference: resultsof the previous
fiscal year (endedMarch 31, 2023)

Previously
announced forecast(A)

Revised forecast(B)

Change (B) − (A)140.78142.311.53

1.09

135.11151.24154.032.79

1.84

140.86

Change (%)* Financial results forecasts and dividends forecasts described in this document are based on information currently
available to the Company and certain assumptions deemed reasonable and are not intended to be the Company’s
guarantee that they will be achieved. Actual results may significantly vary due to a variety of factors.