FY2024 First Quarter
Consolidated Business Results

Toshiba Tec Corporation
Aug 8, 2024

© 2024 Toshiba Tec Corporation

Contents

01 Key Messages
02

FY2024 First Quarter
Consolidated Business Results

03 FY2024 Forecast© 2024 Toshiba Tec Corporation

2

01
Key Messages© 2024 Toshiba Tec Corporation

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Key Messages
Performance exceeding the previous year in the 1Q of FY2024
for the entire company
In the 1Q, net sales, operating profit, ordinary profit, and profit attributable to owners ofparent all surpassed the previous year

The retail business has improved from the previous year, and theworkplace business also increased net sales and operating profit
The Workplace Solutions Business Group continues to perform well from the previous year

The formation of a joint venture with Ricoh (the company name of thejoint venture is ETRIA) and the transfer of the inkjet head business toRISO KAGAKU CORPORATION were carried out as planned on
July 1
Accelerating business transformation towards a global top solutions partner© 2024 Toshiba Tec Corporation

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02
FY2024 First Quarter
Consolidated Business Results© 2024 Toshiba Tec Corporation5

FY2024/1Q Business Results (Consolidated)(Billions of yen)

FY2024/1Q

FY2023/1Q

Difference

ActualActualvs FY2023/1Q

140.2

122.4+17.8

4.3

1.3+3.0(3.1%)(1.1%)

4.60.4(3.3%)(0.3%)

3.40.0(Rate of sales)(2.5%)(0.0%)

US$155.04
167.06135.79147.93

Net Sales
Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent

Foreign Currency
Exchange Rate (Yen)

EUR+4.2+3.4+19.25+19.13© 2024 Toshiba Tec Corporation6FY2024/1Q Business Results (Quarterly)(Billions of yen)

Quarterly net sales and operating profit151.4

141.3

140.2

133.1

Net sales

122.4

6.4

Operatingprofit(4.2%)

4.6

3.6(3.3%)

4.3(3.1%)(2.7%)

1.3(1.1%)

1Q

2Q

3Q
FY2023

4Q

1Q
FY2024© 2024 Toshiba Tec Corporation7

Operating Profit Analysis of FY2024/1Q(Billions of yen)

The chart of profit transition
Gross Profit
+8.1

SG&A
▲5.1

Sales
volumePersonnel
Expenses+2.6

Salesmix

1.3
FY2023/1Q
OperatingProfit+1.0

Impact ofexchange ratechanges

+4.4

▲1.1

R&D+0.2

Others▲0.3
Impact ofexchange ratechanges

4.3▲3.8
FY2024/1QOperatingProfit© 2024 Toshiba Tec Corporation8

FY2024/1Q Business Results by Segment(Billions of yen)

Retail Solutions Business GroupFY2024/1Q

FY2023/1Q

Difference

ActualActualvs FY2023/1Q

Net Sales

78.6

69.1+9.4

Operating Profit△0.1△0.8+0.7

(-%)

(-%)

(Rate of sales)

90.0
80.0

78.6

Domestic
1.1
Overseas △1.2

Domestic
0.3
Overseas △1.2

69.1

70.0
60.0

42.6

50.0

38.2

Sales by regions
40.0
30.0
20.0
10.0
0.0

21.8

18.6

6.5
7.7

6.1
6.2

FY2024/1Q

FY2023/1Q■ Domestic■ Americas■ Europe■ Others© 2024 Toshiba Tec Corporation

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FY2024/1Q Business Results by Segment (Quarterly)(Billions of yen)

Retail Solutions Business Group
Quarterly net sales and operating profit
87.0

80.5

78.6

74.3

69.1

Net sales

2.6
1.7(3.0%)(2.1%)

△0.1

△0.8
1Q

Operatingprofit

△1.3
3Q

2Q
FY2023

4Q

1Q
FY2024© 2024 Toshiba Tec Corporation

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FY2024/1Q Business Results by Segment(Billions of yen)

Workplace Solutions Business GroupFY2024/1Q

FY2023/1Q

Difference

ActualActualvs FY2023/1Q

Net Sales
Operating Profit(Rate of sales)

70.062.9

60.0

3.8

50.0

62.9

54.5

+8.4

4.4

2.1+2.3(7.0%)(3.9%)

3.7■ Domestic

23.4■ Americas

15.2■ Europe

14.0

12.2

■ Others

FY2024/1Q

FY2023/1Q

27.0

40.0
30.0
Sales by regions
20.0
10.0

54.5

18.1

0.0

© 2024 Toshiba Tec Corporation

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FY2024/1Q Business Results by Segment (Quarterly)(Billions of yen)

Workplace Solutions Business Group
Quarterly net sales and operating profit
Net sales

65.5

61.9

62.9 Operating

59.7

54.5

profit4.8

4.4(8.1%)(7.0%)(5.7%)

2.9
2.1

3.8

(4.7%)(3.9%)

1Q

2Q

3Q
FY2023

4Q

1Q
FY2024© 2024 Toshiba Tec Corporation

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Balance Sheet(Billions of yen)

Liabilities and Net Assets

Assets337.5

Exchangerate
Impact

+14.3

48.6
86.5

349.7

Exchangerate
Impact+3.5

Exchangerate
Impact45.1

Cash and cash
equivalents

84.7

Notes and accounts
receivables-trade,and contract assets

241.3
68.9

Inventories

29.8

30.6

Other current
assets

113.9

120.4

Non-current
assets2024/3E

2024/6E

58.7

+3.3

349.7

337.5

Exchangerate
Impact+8.6

251.7

96.2

98.0

2024/3E

2024/6ELiabilities

Net Assets© 2024 Toshiba Tec Corporation

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03
FY2024 Forecast© 2024 Toshiba Tec Corporation

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FY2024 Forecast (Consolidated)(Billions of yen)

FY2024Forecast

FY2024
Prev. Forecast(May 10)

FY2023Difference

Actualvs Prev.
Forecast

vs FY2023

565.0

550.0

548.1

+15.0

+16.9

18.0

18.0

15.9

-+2.1

(3.2%)(3.3%)(2.9%)

15.0

15.0

11.0

-+4.0

(Rate of sales)(2.7%)(2.7%)(2.0%)

Profit/loss Attributableto Owners of Parent

20.0

20.0

△6.7-+26.7(Rate of sales)(3.5%)(3.6%)

(-%)

45Yen

45Yen

45Yen--US$

152.20*145.00143.81+7.20+8.39

EUR

162.81*155.00156.27+7.81+6.54

Net Sales
Operating Profit(Rate of sales)

Ordinary Profit

Dividends
Foreign Currency
Exchange Rate (Yen)*Foreign currency exchange rates of FY2024/2Q~ forecast are US$=150.00 yen, EUR=160.00 yen.

© 2024 Toshiba Tec Corporation

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FY2024 Forecast by Segment
Retail Solutions Business GroupNet Sales
Operating Profit(Rate of sales)(Billions of yen)

FY2024FY2024FY2023

Forecast

Prev. Forecast

Actual(May 10)

Difference
vs Prev.
Forecastvs FY2023

323.0

318.0

311.0

+5.0

+12.0

8.0

8.0

2.3-+5.8(2.5%)(2.5%)(0.7%)

Domestic 8.0
Overseas 0.0

Domestic 166.0
Overseas 157.0

Domestic 8.0
Overseas 0.0

Domestic 166.0
Overseas 152.0

Workplace Solutions Business GroupNet Sales
Operating Profit(Rate of sales)

FY2024FY2024FY2023

Forecast

Prev. Forecast

Actual(May 10)

Difference
vs Prev.
Forecast

vs FY2023

246.0

235.0

241.6

+11.0

+4.4

10.0

10.0

13.6

-△3.6(4.1%)(4.3%)(5.6%)© 2024 Toshiba Tec Corporation

16(July 1) The formation of a joint venture with Ricoh and the transfer of the inkjet
head business to RISO KAGAKU CORPORATION were implementedOperations started under new structures from July 1

Formed a joint venturewith RicohTransferred the inkjet
head business to RISO
Technologies Corporation© 2024 Toshiba Tec Corporation17

Status of Growth Business Initiatives of Retail Solutions Business
Domestic Business

Overseas Business

Expansion of Touchpoints & ELERA®

Expansion of ELERA® recurring business

Steady growth in both # of contracted
companies and stores⚫ Received Wall-to-Wallmaintenance service order froma world-class drugstore

Approx. US$ 50M / 5 years# of companies
170

203300# of stores
6,000
4,940
3,995

⚫ Enhanced security solution with AI
throughout the checkout area,
named ELERA® SECURITY SUITE,
received SaaS based orders
Retail Tech Breakthrough Awards, 2024

FY23

as of 1Q*

FY24 Target

Accelerating PoC initiatives
Implementing
new PoCs toexpand selfcheckout
business

FY23

as of 1Q*

FY24 Target

Smart Receipt®
Smart Receipt# ofmembers
exceeds
2 million !

*As of June 30, 2024

“A.I. Innovation of the Year”
Partners

Partners

PartnersProducers

e-BRIDGE
Cloud Services

Partners

Consumers

Retailers

Manufacturers

Ecosystem

Logistics

Ecosystem© 2024 Toshiba Tec Corporation18

Status of Growth Business Initiatives of Workplace Solutions Business

Workplace Domestic/Overseas Business
Expanding office solutions
recurring business
Device management cloud service for dealers

Subscribed to about 80% of U.S. dealers

End User
PortalEnd User &Reseller

Predict Knowledge

Elevate Sky®
Services*1
Reseller

View MFP Connect

AI

Expanding “Gemba*2” solutions⚫ Launching solution packages one after
another in the market・Inventory management package/Production process
management packageRFID
Hand reader

×From manufacturing sites
to store backyard

RunningOrange/Blue⚫ Toshiba’s duplex linerless label
printer wins the Gold Stevie®
Award in the U.S.
Remote Assist*1 Service under the name "Elevate Sky®" is not available in the European region.
*2 Gemba : On-site Workplaces other than office, such as logistics centers, factories, stores, etc.

© 2024 Toshiba Tec Corporation19

Our business environment and future vision
Future Goal
「Global Top Solutions Partner」
Our businessenvironment

Aiming to become a Leader ofWorldwide Retail Innovationand contribute to solve social issues“Toshiba Tec aims to be a company
that contributes to society”
100th Anniversary of the foundation
Achieve growth worthy of a company
with a 100 year history
Create new value in growth areas, not limited toretail market, and solve social challenges in 2050

・Big data, Spread of AI
・Increased demand for information security
・Labor shortage, Increased demand for manpower saving
・Increased importance of SDGs response

2050

2030

2025

2023
・Progress of DX in the retail industry
・Diversification of payment methods
・Increased supply chain complexity▲ServiceCAD／SDM／SLM*1・Changing ways of working
・Paperless
・Increasing demand for
document solutions●Edge gateway●Dynamic pricing

Platform▲System Modeling●AI Camera(AI Cart, fraud detect) ●Traceability(Encode, decode)●Retail media●AI robotics●Human-Augmentation●Robot swarm optimization ●Super long-term forecast●Service optimization(Mathematical optimization/Quantum computing)●Large-scale Optimization with Quantum Computers

PhysicalCyber© 2024 Toshiba Tec Corporation*1 CAD : Computer Aided Design, SDM : Service Data Management, SLM : Service Life Cycle Management20

Appendix© 2024 Toshiba Tec Corporation21

FY2024 Forecast: Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen

FY2024/2Q~

Net Sales（Annual）

Operating Profit（Annual）

US$150 yen＋1.8 billion yen△0.15 billion yen

EUR160 yen+0.3 billion yen＋0.16 billion yen© 2024 Toshiba Tec Corporation

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FY2024 Forecast:
Capital investment*, Depreciation and Amortization, R&D expenses(Billions of yen)

Capital investment*,
Depreciation and Amortization
35.0

Capital investment*
Depreciation and Amortization

30.0
25.0
20.0

16.8

35.0

17.4

17.0 17.0

15.0

10.0

10.0

5.0

5.0

0.0

0.0

FY2023FY2024
Forecast

R&D expenses
26.0

24.5

20.0

15.0

FY2022

29.8

30.0
25.0

21.9
17.6

R&D expenses

FY2022

FY2023

FY2024
Forecast*The increase amount of tangible assets and intangible assets© 2024 Toshiba Tec Corporation23

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 Corporation24

© 2024 Toshiba Tec Corporation

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