FY2023 Third Quarter
Consolidated Business Results

Toshiba Tec CorporationFeb 7, 2024

© 2024 Toshiba Tec Corporation

Contents

01 Key Messages
02

FY2023 Third Quarter
Consolidated Business Results

03 FY2023 Forecast© 2024 Toshiba Tec Corporation2

01Key Messages© 2024 Toshiba Tec Corporation

3

Key Messages
Domestic retail business and Workplace business performed well in the 3Q of FY2023
while overseas retail business posted lower sales and profit
Both the domestic retail business and Workplace business achieved higher sales and profit in the 3Q(Oct – Dec）versus the same period last year, but the overseas retail business decreased sales and profit
due to the customer’s weaker investment appetite affected by the uncertainty of the market

For the full year forecast, operating profit and dividend will remain unchanged fromthe previous forecast, while the profit attributable to owners of parent will be
reduced to break even.
Owing to the company’s planning to reverse some deferred tax assets related to U.S. subsidiary of theoverseas retail business and other reasons, the profit attributable to owners of parent is expected to be
break even

Announced the transfer of the Inkjet Head business to RISO KAGAKU CORPORATION
via Company Split
Implement business transformation and corporate transformation through promoting business portfolio
restructuring

Sales activities (in progress)
Domestic Retail Business: Final adjustments for the conclusion of a major contract
Overseas Retail Business: Won a large-scale deal with CVS customer in Australia© 2024 Toshiba Tec Corporation

4

02
FY2023 Third Quarter
Consolidated Business Results© 2024 Toshiba Tec Corporation

5

FY2023/1Q-3Q Business Results (Consolidated)(Billions of yen)

Net Sales

FY2022/1Q-3Q

Difference

ActualActualvs FY2022/1Q-3Q

396.7

374.5

+22.2

9.5

11.8

△2.3(2.4%)(3.2%)

6.4

9.9(1.6%)(2.7%)△14.7△2.0(-%)(-%)

US$142.87

135.72+7.15

EUR154.99

140.30+14.69Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Loss Attributable toOwners of Parent(Rate of sales)

Foreign Currency
Exchange Rate (Yen)FY2023/1Q-3Q

△3.5
△12.7

© 2024 Toshiba Tec Corporation6FY2023/1Q-3Q Business Results (Quarterly)(Billions of yen)

FY2023/1Q

FY2023/2Q

FY2023/3Q

FY2023/1Q-3Q

ActualActualActualActualNet Sales

122.4

141.3

133.1

396.7

1.3

4.6

3.6

9.5

(1.1%)(3.3%)(2.7%)(2.4%)

Operating Profit(Rate of sales)

Quarterly net sales and operating profit
134.6

136.3

130.6

5.8

4.6

4.3

Net sales

Operatingprofit
3.6

1.3

0.2
1Q

133.1

122.4

109.3

5.8

141.3

2Q

3Q
FY2022

4Q

1Q

2Q

3Q

FY2023© 2024 Toshiba Tec Corporation7

Operating Profit Analysis of FY2023/1Q-3Q
SG&A
▲16.2

Gross Profit+13.8

Salesmix

11.8

Sales
volume+6.1
FY2022/1Q-3Q
OperatingProfit+2.4

Impact ofexchange ratechanges+5.4(Billions of yen)*This chart shows
profit transition

PersonnelExpenses▲4.9R&D▲3.3Others▲3.1

Impact ofexchange ratechanges▲4.99.5
FY2023/1Q-3Q
OperatingProfit© 2024 Toshiba Tec Corporation8

FY2023/1Q-3Q Business Results by Segment(Billions of yen)

Retail Solutions
Business GroupFY2023/1Q-3Q

FY2022/1Q-3Q

Difference

ActualActualvs FY2022/1Q-3Q

Net Sales

224.0

218.4+5.5

Operating Profit△0.46.2△6.5(-%)(2.8%)(Rate of sales)

224.0
200.0150.0

Sales by regions

19.4
18.1
58.7

218.4
17.8
21.5

Others64.8EuropeAmericas

100.0

50.0

Domestic
127.8

114.3

FY2023/1Q-3Q

FY2022/1Q-3Q

0.0© 2024 Toshiba Tec Corporation

9FY2023/1Q-3Q Business Results by Segment (Quarterly)(Billions of yen)

RetailSolutions
BusinessGroupFY2023/1Q

FY2023/2Q

ActualActualFY2023/3Q FY2023/1Q-3Q
ActualActualNet Sales

69.1

80.5

74.3

224.0

Operating Profit

△0.8

1.7

△1.3

△0.4

(Rate of sales)(-%)(2.1%)(-%)(-%)

Quarterly net sales and operating profit

82.0

78.573.0

63.4

69.1

80.5

74.3
Net sales

4.8
3.0
1.7

1.3

0.1

△0.8
1Q

2Q

3Q
FY2022

4Q

1Q

Operatingprofit
△1.3

2Q

3Q

FY2023© 2024 Toshiba Tec Corporation

10FY2023/1Q-3Q Business Results by Segment(Billions of yen)

WorkplaceSolutions
Business GroupNet Sales

FY2023/1Q-3Q

FY2022/1Q-3Q

Difference

ActualActualvs FY2022/1Q-3Q

176.1

158.8+17.3

9.9

5.7+4.2(5.6%)(3.6%)

Operating Profit(Rate of sales)

180.0
160.0

176.1

Sales by regions

38.7
34.2

140.0
120.0
100.0

158.8

50.0Europe45.1

80.0
60.0
40.0

OthersAmericas
Domestic

76.1

68.0

11.3

11.5

FY2023/1Q-3Q

FY2022/1Q-3Q

20.00.0© 2024 Toshiba Tec Corporation

11FY2023/1Q-3Q Business Results by Segment (Quarterly)(Billions of yen)

WorkplaceSolutions
BusinessGroupFY2023/1Q

FY2023/2Q

ActualActualFY2023/3Q FY2023/1Q-3Q
ActualActual

54.5

61.9

59.7

176.1

Operating Profit

2.1

2.9

4.8

9.9

(Rate of sales)(3.9%)(4.7%)(8.1%)(5.6%)Net Sales

Quarterly net sales and operating profit
53.4

46.8

58.9

58.6

61.9

54.5Net sales

59.7

4.8

4.6
2.1

Operatingprofit

2.9

1.2

1.0
0.1
1Q

2Q

3Q
FY20224Q

1Q

2Q
FY20233Q© 2024 Toshiba Tec Corporation

12

Balance Sheet
AssetsLiabilities and Net Assets

310.7
43.8
74.3
55.5
27.0
110.1
2023/3E

Exchange rate
Impact+13.1

Exchange rate
Impact+3.1

Exchange rate
Impact+2.9

310.7

300.6
41.1
70.4
61.9
29.3
97.9
2023/12E(Billions of yen)

300.6

Cash and cash
equivalents
Notes and accounts
receivables-trade,and contract assets

208.5

Non-currentassets

220.2

+7.5

Inventories
Other current
assetsExchange rate
Impact102.2
2023/3E

Liabilities

80.4

Net Assets

2023/12E© 2024 Toshiba Tec Corporation

13

03
FY2023 Forecast© 2024 Toshiba Tec Corporation14

FY2023 Forecast (Consolidated)(Billions of yen)

FY2023

FY2023

FY2022

Forecast

Prev. Forecast

Actual(Nov 13)Difference
vs Prev.
Forecast

vs FY2022
ActualNet Sales

545.0

540.0

510.8

+5.0

+34.2

Operating Profit

18.0

18.0

16.1

-+1.9

(3.3%)(3.3%)(3.1%)

15.0

15.0

13.1

-+1.9

(2.8%)(2.8%)(2.6%)

0.0

7.0

△13.7

△7.0

+13.7(-%)(1.3%)(-%)

Dividends

45Yen

45Yen

40Yen

-+5YenUS$Foreign Currency
Exchange Rate (Yen) EUR

142.31*140.78135.11+1.53+7.20

154.03*151.24140.86+2.79+13.17(Rate of sales)

Ordinary Profit(Rate of sales)

Profit/loss Attributable toOwners of Parent(Rate of sales)*Foreign currency exchange rates of FY2023/4Q forecast are US$=140.00 yen, EUR=148.00 yen.

© 2024 Toshiba Tec Corporation

15

FY2023 Forecast by Segment(Billions of yen)

FY2023Prev. Forecast

Forecast

RetailSolutionsBusinessGroupNet Sales

WorkplaceSolutionsBusinessGroupFY2023(Nov 13)

FY2022Differencevs Prev.
Forecast

Actualvs FY2022
Actual

310.0

310.0

297.0

-+13.0

6.5

9.0

9.2

△2.5

△2.7(2.1%)(2.9%)(3.1%)Net Sales

240.0

235.0

217.7

+5.0+22.3

Operating Profit

11.5

9.0

6.9+2.5+4.6(4.8%)(3.8%)(3.2%)

Operating Profit(Rate of sales)(Rate of sales)© 2024 Toshiba Tec Corporation16

FY2023 Operating Profit Outlook（Retail Solutions Business）
Aim for achieving forecasted operating profit for 4Q by securing increased sales due tostrong demand in domestic business and reaping major deals in overseas business（Billions of yen）

RetailSolutionsBusinessGroupFY2023/3Q

FY2023/4Q

ActualForecast

Net Sales

74.3

86.0

Operatingprofit△1.3

6.9(-%)(8.0%)（Rate of sales）⚫ Domestic Business： Increased sales due to strong demand in 4Q⚫ Overseas Business： Increased sales due to concentration of projects in 4Q© 2024 Toshiba Tec Corporation17

Initiatives for FY2024
Aim for further profitability and growth in FY2024 and beyond through business modeltransformation, investment of resources for growth and optimization of growth investment

・Transfer of the Inkjet Head Business to RISO KAGAKU CORPORATIONBusiness ModelTransformation

Investment ofresources for growth

Optimization ofgrowth investment(July 1, 2024)
・Launch of the MFPs and Auto ID development and manufacturing JVwith Ricoh company, Ltd. (July 1, 2024)
・Accelerate structural transformation toward solutions business・Secure sales and profit by enhancing solutions development
・Implement disciplined growth investments by R&D areas

・Improve operational efficiency through DX promotion© 2024 Toshiba Tec Corporation18

Next generation smart storeToshiba Tec opened next generation store “NEXMART 01 GO”
in Narashino city, Chiba prefecture on Dec 15, 2023

Store overview
Store name：Place：NEXMART 01 GONarashino city, Chiba prefectureStore hours： 24 hours a day, 7 days a week
Store floor space： approximately 250m2© 2024 Toshiba Tec Corporation

19

Appendix© 2024 Toshiba Tec Corporation20

FY2023 Forecast : Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen

FY2023/4Q

Net Sales（Annual）

Operating Profit（Annual）

US$140 yen＋1.7 billion yen△0.1 billion yenEUR148 yen+0.3 billion yen＋0.15 billion yen© 2024 Toshiba Tec Corporation

21

FY2023 Forecast:
Capital investment*, Depreciation and Amortization, R&D expenses(Billions of yen)

Capital investment*,
Depreciation and Amortization
25

R&D expenses
35
31.0
30

20

15

17.6
14.9

15.5

16.8

17.0

18.0

25

24.5
21.9

20
15

10

10
5
500
FY2021

Capital investment*

FY2022

FY2023
Forecast

Depreciation and Amortization*The increase amount of tangible assets and intangible assets

FY2021

FY2022

FY2023
Forecast

R&D expenses© 2024 Toshiba Tec Corporation22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.

© 2024 Toshiba Tec Corporation23

© 2024 Toshiba Tec Corporation24