Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2019
(Based on Japanese GAAP)May 9, 2019
Company name:Toshiba Machine Co., Ltd.

Stock exchange listing: Tokyo
Stock code:
6104
Representative:
Inquiries:

URL

http://www.toshiba-machine.co.jp

President and Chief Operating Officer
Takahiro Mikami
General Affairs Department Senior Manager Satoshi Tominaga

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 21, 2019
June 21, 2019

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

May 31, 2019
Yes

Holding of financial results meeting:

Yes

TEL

055-926-5141(for analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2019 (from April 1, 2018 to March 31, 2019)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended March 31, 2019
117,4050.5
3,834(17.4)
5,573(20.2)
4,079(18.7)
Year ended March 31, 2018
116,862
5.0
4,640
3.7
6,982
29.1
5,016 182.4
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
–
5.0
3.7
3.3
–
6.3
4.8
4.0

Diluted earnings pershare

Earnings per share
Yen
169.03207.83

Year ended March 31, 2019Year ended March 31, 2018
(2) Consolidated financial position

Total assets
As of March 31, 2019
As of March 31, 2018

Net assets

Equity ratio

Millions of yen
150,724
148,763

Millions of yen
83,197
81,334

Cash flows fromoperating activities
Millions of yen(2,176)
6,813

Cash flows frominvesting activities
Millions of yen(1,493)(3,921)

Net assets per share%
55.2
54.7

Yen
3,447.10
3,369.80(3) Consolidated cash flows

Year ended March 31, 2019Year ended March 31, 2018

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(1,785)25,592(2,102)30,798

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2018Year ended March 31, 2019Year ending March 31, 2020
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

7.00
7.50

––

7.00
37.50

14.00
–

1,689
1,810

33.744.4

2.1
2.2–

42.50

–

42.50

85.00

146.6

3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
Net sales
Millions of yen
Six months ending
September 30, 2019
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

60,000

0.9

2,400

48.2

2,700(0.0)

2,000

3.4

82.86

122,000

3.9

5,300

38.2

6,300

13.0

4,400

7.9

182.304. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2019(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2019

29,977,106 shares As of March 31, 2018

29,977,106 shares

Number of treasury shares at the end of the period
As of March 31, 2019

5,841,537 shares As of March 31, 2018

5,840,715 shares

24,135,956 shares Year ended March 31, 201824,137,313 shares

Average number of shares during the period
Year ended March 31, 20192

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2018

As of March 31, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade30,39438,531

25,59237,405

Securities
Merchandise and finished goods

404
8,811

–
12,153Work in process
Raw materials and supplies

24,76578

29,79373

Other
Allowance for doubtful accounts

4,290
(67)

3,909
(89)

107,207108,838

39,227(27,282)

39,350(28,052)

Buildings and structures, net

11,944

11,297

Machinery, equipment and vehicles
Accumulated depreciation

24,339(22,171)

24,185(21,964)

2,167

2,220

6,450
209

6,460
264

(132)

(160)

76104

Total current assetsNon-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress

105

130

7,321
(6,760)7,428(6,877)560

550

21,305

20,765

Other

740

641

Total intangible assets

740

641

18,25519

18,379
16

544
769

703
1,726

Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts

(77)

(345)

Total investments and other assets

19,51020,479Total non-current assets
Total assets

341,555

41,885

148,763

150,724

(Millions of yen)
As of March 31, 2018

As of March 31, 2019

Liabilities
Current liabilities
Notes and accounts payable - trade29,83528,207

Short-term loans payable
Income taxes payable

14,390865

10,090466

Accrued expenses
Provision for product warranties

5,247
597

4,854
604

Advances received
Other

5,117
1,773

7,842
1,423

Total current liabilities57,827

53,488Non-current liabilities
Long-term loans payable–4,300Long-term accounts payable - other
Deferred tax liabilities

5113

566

Provision for retirement benefits for directors (and otherofficers)

30

32

9,312
50

9,475
51

Retirement benefit liability
Asset retirement obligations
Other89

105

9,601

14,03767,42867,526

Capital stock
Capital surplus

12,484
11,53812,484
11,538Retained earnings
Treasury shares

69,514(16,373)

71,983(16,375)

Total shareholders' equity

77,164

79,630Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

3,684

2,844

Deferred gains or losses on hedges
Foreign currency translation adjustment

2
1,606

0
1,711

Remeasurements of defined benefit plans(1,123)(988)

Total accumulated other comprehensive income

4,170

3,566

Total net assets
Total liabilities and net assets

481,334

83,197

148,763

150,724Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2018

Fiscal year ended
March 31, 2019

Net sales
Cost of sales

116,862
83,712

117,405
84,493Gross profit

33,15032,912

Selling, general and administrative expenses
Sales commission
Packing and transportation expenses
Provision for product warranties
Employees' salaries and allowances
Retirement benefit expenses
Depreciation
Rent expenses
Traveling and transportation expenses
Research and development expenses
Subcontract expenses
Other

2,448
3,814
507
11,456
672
718
755
1,272
1,258
612
4,994

1,579
3,839
495
11,883669730
805
1,408
1,246
495
5,923

28,50929,078Operating profit

4,640

3,834

Non-operating income
Interest income
Dividend income
Rent income
Share of profit of entities accounted for using equity method
Foreign exchange gains
cancellation fee income
Other50
402
42
1,031
52
1,309
92

60
322
51
1,241
335–
210

2,982

2,222

100
125
414

81
113
288

640

483

6,982

5,573

14
16

4
186

31

190

107
44
121–
–

Total selling, general and administrative expenses

Total non-operating income
Non-operating expenses
Interest expenses
Brand fee expense
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on valuation of shares of subsidiaries and associates
Impairment loss

152

21

Profit before income taxes

Total extraordinary losses

6,860

5,742

Income taxes - current
Income taxes - deferred

1,903
(59)

1,507
155

Total income taxes

1,844

1,662

Profit

5,016

4,079

Profit attributable to owners of parent5,016

4,079

5Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2018

March 31, 2019
5,016

4,079

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

4640(804)(2)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

6288

104128

Share of other comprehensive income of entities accounted
for using equity method

12(29)

772(603)

5,789

3,475

5,789

3,475––

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6Consolidated statements of changes in equity
Fiscal year ended March 31, 2018
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

12,484Retained earnings

19,600Total shareholders'equityTreasury shares

67,534(25,898)

73,722

Changes of items during period
Dividends of surplus(1,568)(1,568)

Profit attributable to ownersof parent

5,016

5,016

Purchase of treasury shares
Retirement of treasury shares

(5)

(5)

(8,062)(1,467)9,530––(8,062)

1,979

9,524

3,441

12,484

11,53869,514(16,373)

77,164

Increase by merger
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Deferred gains orlosses on hedges

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income3,210

11,600(1,415)

3,397

Total net assets

77,120Changes of items during period
Dividends of surplus(1,568)

Profit attributable to ownersof parent

5,016

Purchase of treasury shares(5)

Retirement of treasury shares–

Increase by merger
Net changes of items otherthan shareholders' equity

473

06292

772

772

Total changes of items during
period

473

06292

772

4,214

Balance at end of current period

3,684

2

1,606

(1,123)

4,170

81,334

7

Fiscal year ended March 31, 2019
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

12,484Retained earnings

11,538

Total shareholders'equity

Treasury shares

69,514(16,373)

77,164

Changes of items during period
Dividends of surplus(1,749)(1,749)Profit attributable to ownersof parent

4,079

4,079

Purchase of treasury shares

(2)

(2)

Retirement of treasury shares
Increase by merger

138

138

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period––

2,468

(2)

2,466

12,484

11,53871,983(16,375)

79,630

Accumulated other comprehensive income

Balance at beginning of current
periodValuationdifference on
available-for-salesecurities

Deferred gains orlosses on hedges

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income

3,684

2

1,606

(1,123)

4,170

Total net assets

81,334

Changes of items during period
Dividends of surplus(1,749)Profit attributable to ownersof parent

4,079

Purchase of treasury shares(2)

Retirement of treasury shares
Increase by merger

138

Net changes of items otherthan shareholders' equity

(839)

(2)

104

134(603)(603)

Total changes of items duringperiod

(839)

(2)

104

134(603)

1,862

Balance at end of current period

2,844

0

1,711

(988)

3,566

83,1978

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2018

March 31, 2019
6,860

5,742

Depreciation
Impairment loss

2,049
11,868–

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for product warranties

(156)
67289
7

12356(453)291(383)

100(1,309)

81–

Loss on valuation of shares of subsidiaries and associates
Loss (gain) on sales of investment securities

44(16)–(186)

Loss (gain) on sales and retirement of property, plant andequipment and intangible assets

92

17

Share of loss (profit) of entities accounted for using equity
method(1,031)(1,241)

Decrease (increase) in notes and accounts receivable - tradeDecrease (increase) in inventories

912(6,942)

1,128(8,332)

Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in advances received

4,985
1,785(1,652)
2,719

464325(385)30

Increase (decrease) in accounts payable - other
Other, net(154)(1,433)

(305)
(528)

Subtotal

6,550

(835)

Interest and dividend income received
Interest expenses paid

679
(102)

654
(89)

cancellation fee income received
Income taxes (paid) refund

1,309(1,622)–(1,906)

Net cash provided by (used in) operating activities

6,813(2,176)

Increase (decrease) in provision for retirement benefits for
directors (and other officers)
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
cancellation fee income

Increase (decrease) in accrued expenses
Increase (decrease) in deposits received

Cash flows from investing activities
Purchase of property, plant and equipment(3,221)(1,101)

Proceeds from sales of property, plant and equipment
Purchase of intangible assets

20(214)7(74)Purchase of investment securities
Proceeds from sales of investment securities

(499)
0(99)
167

–
0(400)
03(10)

35(3,921)(1,493)Purchase of shares of subsidiaries and associates
Decrease (increase) in short-term loans receivableCollection of long-term loans receivable
Other, net
Net cash provided by (used in) investing activities

9(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2018

March 31, 2019

Cash flows from financing activities
Proceeds from long-term loans payable–4,300

Repayments of long-term loans payable
Purchase of treasury shares

(500)
(5)

(4,300)(2)

Cash dividends paid
Other, net(1,568)(28)(1,749)(33)

Net cash provided by (used in) financing activities(2,102)(1,785)

Effect of exchange rate change on cash and cash equivalents

(51)

111

Net increase (decrease) in cash and cash equivalents

738(5,344)

Cash and cash equivalents at beginning of period

30,06030,798–138

30,79825,592

Increase in cash and cash equivalents resulting from merger withunconsolidated subsidiaries
Cash and cash equivalents at end of period10