May 8, 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 onFebruary 7, 2024, 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)
Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share

Million yen

Million yen

Million yen

Million yen

Yen

Previously announced forecast (A)545,000

18,00015,00000.00

Revised forecast (B)545,000

16,00011,000(6,500)(120.10)

Change (B)-(A)－(2,000)(4,000)(6,500)(120.10)

Change (%)－(11.1)(26.7)－－

510,767

16,07813,149(13,745)(248.37)

Net sales(Reference) Results of the previous
fiscal year (ended March 31, 2023)(2) Reasons for revision to the consolidated financial results forecast
Net sales in the consolidated financial results forecast for the fiscal year ended March 31, 2024 are expected to bein line with the previously announced forecast in general. And on the profit front, operating profit and ordinary profit
are expected to decrease from the previously announced forecast, mainly due to the shift of the projects of POS
systems for the overseas markets and the domestic markets to the next fiscal year, and the impact of non-operating
expenses derived from foreign exchange rates, although the profit in Workplace Solutions Business Group improved.
In addition, profit attributable to owners of parent is expected to decline mainly due to the increase of income taxes
by increasing taxable income in contrast with the previously announced forecast owing to factors that incomes ofdomestic consolidated subsidiaries in Retail Solutions and some of overseas consolidated subsidiaries in Workplace
Solutions varied from the forecast and the amount of additional items for tax purposes such as intangible assets in
non-consolidated basis increased. 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 ¥143.81 to the US dollar and ¥156.27 to the euro.
Additionally, the year-end dividend forecast remains unchanged from 25 yen per share (annual dividend of 45 yen)announced on February 7, 2024.

(Supplementary information)

Consolidated sales forecasts by segment for the fiscal year ending March 31, 2024

Previously
Revised forecast
announced forecast
Change (B) − (A)(B)(A)(Million yen)
(Reference)
Results of theprevious fiscalyear (ended March31, 2023)

Change (%)

Retail Solutions

310,000

310,000－－

296,951

Workplace Solutions

240,000

240,000－－

217,672

Eliminations(5,000)(5,000)－－(3,857)

Net sales

545,000

545,000－－

510,767

Consolidated operating profit forecasts by segment for the fiscal year ending March 31, 2024

Previously
Revised forecast
announced forecast
Change (B) − (A)(B)(A)

Change (%)(Million yen)
(Reference)
Results of theprevious fiscal
year (ended March31, 2023)

Retail Solutions

6,500

2,500(4,000)(61.5)

9,196

Workplace Solutions

11,50013,500

2,000

17.4

6,882

Operating profit

18,00016,000(2,000)(11.1)

16,078Average exchange rate forecasts for the fiscal year ending March 31, 2024
(Yen)
Previously
Revised forecast
announced forecast
Change (B) − (A)(B)(A)
Average exchange rate
(Yen to the US dollar)
Average exchange rate
(Yen to the euro)

Change (%)(Reference)
Results of theprevious fiscal
year (ended March31, 2023)

142.31143.811.50

1.05

135.11154.03156.272.24

1.45

140.86* 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.