ANNUAL REPORT2013
For the Year Ended March 31, 2013

Financial Highlights
Years ended March 31

Thousands of
U.S.dollars

Millions of yen
Consolidated
Net sales
Operating income

2009

2010

2011

2012

2013

2013

¥422,601¥364,578¥362,302¥350,604¥403,694$4,292,334

10,123

9,725

13,997

10,83015,886

168,910Net income

2,634

4,144

6,510

2,566

6,212

66,050Total assets

281,732

289,518

288,592

276,436

388,513

4,130,920

Net assets

142,034

142,692

140,519

139,732

176,558

1,877,278

Yen

U.S.dollars

Per share data:
Net income Basic¥9.53¥15.06¥23.71¥9.35¥22.64$0.241

Total shareholders' equity

465.63474.85473.44472.36549.42

5.842
Thousands of
U.S.dollars

Millions of yen
Non-Consolidated
Net sales

2009

2010

2011

2012

2013

2013

¥237,364¥211,345¥221,674¥224,933¥233,686$2,484,700

Operating income(1,477)

2,544

2,906

3,226

2,557

27,188Net income

4,722

5,476

4,476

2,421

3,901

41,478

Common stock

39,971

39,971

39,971

39,971

39,971

424,997

Total assets

200,658

210,729

221,925

226,188244,3682,598,278

Net assets

116,766

122,704

124,888

125,273

127,428

1,354,896

Yen

U.S.dollars

Per share data:
Net income Basic
Cash dividends
Total shareholders' equity¥17.09¥19.89¥16.30¥8.82¥14.22$0.151

5.00

5.00

7.00

7.00

8.00

0.085

424.09445.75455.03456.27463.994.933

The dollar amounts in this report represent translations of yen, for convenience only, at the rate of ¥94.05=US$1.00, the exchange rate
prevailing on March 31, 2013.

CONTENTS
Financial Highlights ................................................................................................................................ 1
Business Review ..................................................................................................................................... 2
Consolidated Balance Sheet .................................................................................................................... 6
Consolidated Statement of Income ......................................................................................................... 8
Consolidated Statement of Comprehensive Income................................................................................ 9
Consolidated Statement of Changes in Net Assets ................................................................................10
Consolidated Statement of Cash Flows .................................................................................................11
Notes to Consolidated Financial Statements .........................................................................................121

Business Review

Business Overview in the Consolidated Fiscal Year 2012
As for the global economy in the consolidated fiscal year 2012, Europe experienced economic downturn, a full-scaleeconomic recovery continued to elude the US, and overall economic expansion in Asia slowed down due to Europe’s
protracted debt problems. Although there were signs of some improvements with support from reconstruction demand andthe yen depreciation since the end of 2012, the Japanese economy continued to face a severe situation due to weak exports
and consumer spending along with the slowdown in the global economy.
Under such circumstances, the Toshiba TEC Group was committed to expanding its business scale and further increasing
earning power by streamlining resources and assets together in and outside Japan, with the aim of achieving growth throughsolutions services.
In addition, with the aim of becoming a leading company in retail POS systems, which develops advanced products andsolutions in the retail solutions market on a global basis, Toshiba TEC Corporation acquired retail store solution (RSS)
business from International Business Machines Corporation (IBM) as of August 1, 2012.
As for the consolidated business operations, sales of system solutions business maintained a healthy performance andacquisition of RSS business from IBM was completed. As a result, net sales amounted to 403,694 millions of yen, a 15%
increase, operating income amounted to 15,886 millions of yen, a 47% increase, ordinary income amounted to 14,868
millions of yen, a 66% increase, and net income amounted to 6,212 millions of yen, a 142% increase from the previous
consolidated fiscal year respectively.
Non-consolidated operating results are described next, as a result of strong sales of system solutions business. Net sales
amounted to 233,686 millions of yen, a 4% increase, operating income amounted 2,557 millions of yen, a 21% decrease,ordinary income amounted to 5,303 millions of yen, a 34% increase, and net income amounted to 3,901 millions of yen, a
61% increase from the previous year respectively.

Business Highlights for each Report Segment
The business highlights for each report segment in the consolidated fiscal year 2012 are described below.
System Solutions Business
The system solutions business that deals with POS systems for the Japanese market, MFPs, Automatic Identification systems
and related products, was committed to developing new products appropriate to market needs, expanding sales of coreproducts, and promoting area marketing, along with reinforcing cost competitiveness to improve profit structure, in a severebusiness environment where the overall retail industry as a major market remained restrained and intense competition withrivals still continued.
With growing sales of POS systems for convenience stores, specialty stores and restaurants, along with steady sales ofAutomatic Identification systems, the retail solutions business that developed business for the store automation and factory
automation markets gained sales.
With an increase in the sales volume of color MFPs and sales expansion to the retail market despite continued intensecompetition, the office solutions business that developed business for the office automation market gained sales.
As a result, net sales of the system solutions business increased 7% over the previous consolidated fiscal year to 180,777
millions of yen, and operating income increased 48% over the previous consolidated fiscal year to 8,708 millions of yen.

2

Global Solutions Business
The global solutions business that deals with MFPs, POS systems, Automatic Identification systems, printers and related
products and inkjet heads for markets outside Japan, focused efforts on releasing and expanding sales of strategic products,
while expanding sales by pioneering new business fields, new sales channels and new customers and promoting an alliancestrategy, in a severe business environment where intense competition with rivals still continued, in response to deteriorating
market conditions due to the slumping global economy and other factors.
With growing sales of MFPs and Automatic Identification systems in the U.S. as a major market, and through acquisition of
RSS business from IBM, sales in the American market increased.
Despite a decline in total sales of existing business due to decreased demand caused by deteriorating market conditions, sales
in the European market increased through acquisition of RSS business from IBM.
Despite a decline in total sales of existing business due to deteriorating market conditions in China and other factors, sales in
Asia and other markets remained the same as the previous consolidated fiscal year, through acquisition of RSS business fromIBM.
Sales of the ODM business grew along with an increase in sales of payment terminals for new customers.
Despite a decline in sales to customers in Japan, sales of the inkjet head business remained the same as the previous
consolidated fiscal year, with an increase in sales to customers outside Japan.
As a result, net sales of the global solutions business increased 22% over the previous consolidated fiscal year to 235,442
millions of yen, and operating income increased 45% over the previous consolidated fiscal year to 7,178 millions of yen.
Notes:(1) Automatic Identification (AI) Systems refer to systems, which contain hardware and software to automatically retrieve,
identify and manage data, from barcodes and IC tags.
(2) ODM refers to designing and manufacturing products with customer brand.

Key Achievements for 2012
■ Accelerated globalization
Established Toshiba Global Commerce Solutions (TGCS).
(1) Completed business transfer in all bases, can support customers in more than 120 countries and regions(2) Showed Toshiba presence in US and Europe largest exhibitions⇨ POS terminal sales global No.1 (Japan No.1 in 11 consecutive years)■ Expand solutions & services
Launch products adapted to solutions(1) Release omni-channel platform "TCxGravity"(2) Launch cloud computing products in Japan・Net supermarket system "@Nexmart"・Total system for restaurants "FoodCaster"・Total system for specialized stores "ShopDirector"(3) Products adapted to eco-solutions
Release MFP "Loops" using erasable toners

3Forecast for Fiscal Year 2013
As for the future global economy, the European economy is expected to slump due to budget austerity, and the US economy
is expected to continue a gradual recovery. The Asian and other economies are expected to remain firm. With an increase inpublic investments and the recovery in exports related to the economic policy, the Japanese economy is expected to recovermoderately.
Under such circumstances, the Toshiba TEC Group is committed to accelerating globalization, expanding solutions services
and reforming a high-profit corporate structure, with the aim of becoming a global one-stop solutions company.
Main measures on a segment basis for fiscal year 2013 ending March are as follows:
System Solutions Business
The system solutions business strives to promote area marketing, develop new products appropriate to market needs, andenhance service and supply business, toward expanding sales of POS systems, MFPs, Automatic Identification systems andrelated products into the Japanese market as well as providing total solutions. The system solutions business is also
committed to further streamlining sales and service systems at home to improve profit structure.
Global Solutions Business
The global solutions business strives to develop and release strategic new products, as well as expand sales and marketing in
response to the region, optimize sales and service channels, toward expanding sales of MFPs, POS systems, Automatic
Identification systems, related products and inkjet heads into markets outside Japan as well as providing total solutions,which capitalize on a wide range of products and markets. The global solutions business is also committed to expanding
business by enhancing operations in emerging countries and areas.
The consolidated forecasts for fiscal year 2013 are expected as follows based on the aforementioned measures:

Forecasts for fiscal year 2013
Net sales

470,000 millions of yen

Operating income

21,000 millions of yen

Ordinary income

19,000 millions of yen

Net income

6,500 millions of yen

4Expected situation per report segment for fiscal year 2013
Parenthesis: Relative to fiscal 2012 ended March
Net sales

Operating income

System Solutions Business

184,000 millions of yen (102%)

9,500 millions of yen (109%)

Global Solutions Business

300,000 millions of yen (127%)

11,500 millions of yen (160%)

Eliminations(14,000) millions of yen

-

Total

470,000 millions of yen (116%)

21,000 millions of yen (132%)

For the above-mentioned forecasts, the exchange rates for fiscal 2013 are 93 yen per dollar and 120 yen per euro.
Notes: Forecasts are based on the Toshiba TEC Group's currently available data and certain assumptions considered rational, and are notintended to encourage the realization. Actual results are subject to change due to various factors.

Mid-term Business Plan
Basic Strategy(1) Structural Transformationi) Expansion of retail store solutions⇨ Expand solution business utilizing global top customer basesii) Differentiation of printing solutions⇨ Expand into retail market and differentiate with eco-solutioniii) Deployment of new business(2) Restructuringi) Streamlining of operations⇨ Maximize synergy / Promote global shared serviceii) Optimization of human resources⇨ Optimally positioned human resources
Achievement of Goals(100 millions of yen)

5

FY2012 (Result)

FY2013 (Target)

FY2015 (Target)

Net Sales

4,037

4,700

5,500

Operating income

159

210

340

ROS

3.9%

4.5%

6.2%

Consolidated Balance Sheet
March 31, 2013

Thousands of
U.S.dollars (Note 1)

Millions of yen

ASSETS

2013

2012

2013

Cash and cash equivalents¥72,032¥85,959$765,890

Trade notes and accounts receivable

83,88256,817

891,887

Inventories

37,72031,758401,063

Current assets

Deferred tax assets (Note 9)

6,222

6,311

66,156

Prepaid expenses and other current assets

31,56812,760335,653

Allowance for doubtful accounts(1,252)(1,253)(13,312)

Total current assets

230,172

192,352

2,447,337

Buildings and structures

28,99928,624308,336

Machinery and equipment

38,72233,985

411,71749,53850,466

526,720

2,546

2,568

27,071

Fixed assets
Property, plant and equipment:

Land
Lease assets
Less accumulated depreciation
Construction in progress

9,138

7,946

97,161(99,123)(94,421)(1,053,939)

2,026

1,360

21,541

31,84630,528338,607

Goodwill

75,223

16,853799,819

Other intangible assets

19,312

5,745

205,338

94,535

22,5981,005,157

43

39

457

Intangible assets:

Investments and other assets:
Investment securities: (Note 13)
4,074

3,420

43,317

Deferred tax assets (Note 9)

Other19,672

19,509209,165

Other investments and other assets

8,291

8,233

88,156

Allowance for doubtful accounts

(312)

(243)

(3,317)31,76830,958337,778

158,149

84,084

1,681,542

192

-

2,041

¥388,513¥276,436$4,130,920

Deferred assets
Total assets

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

6

Thousands of
U.S.dollars (Note 1)

Millions of yen

LIABILITIES AND NET ASSETS

2013

2012

2013

¥71,764¥46,995$763,041

3,093

1,929

32,887-1-

Accounts payable-other

38,058

11,647

404,657

Lease liabilities (Note 3)

2,602

2,752

27,666

Accrued income and other taxes

3,417

1,635

36,332

59

48

627

43,561

32,167463,169

162,554

97,174

1,728,379

Current liabilities
Trade notes and accounts payable
Short-term loans (Note 3)
Current portion of long-term debt (Note 3)

Accrued bonuses to directors and corporate auditors
Other current liabilities
Total current liabilities
Long-term liabilities
Long-term debt (Note 3)

-

1

-

Lease liabilities (Note 3)

2,922

2,106

31,06939,68336,405421,935

143

137

1,520

Other long-term liabilities

6,653

881

70,739Total long-term liabilities

49,401

39,530525,263

Total liabilities

211,955

136,704

2,253,642

39,971

39,971

424,997

Capital surplus

52,984

52,986563,360

Retained earnings

60,48456,466643,105

Contingent liabilities (Note 5)
Shareholders' equity
Common stock
Authorized-1,000,000 thousand shares
Issued- 288,146 thousand shares

Less treasury stock, at cost:
13,827 thousand shares in 2013

(5,624)-(59,798)

13,839 thousand shares in 2012-

(5,629)-147,815

143,794

1,571,664

Total shareholders' equity
Accumulated other comprehensive income
Unrealized holding gain (loss) on securities

764

341

8,123

Foreign currency translation adjustments

2,213(14,499)

23,530

Minimum pension liability adjustment

(74)

(63)

(786)

2,903

(14,221)30,867

145

113

1,542

25,695

10,046273,205

Net assets

176,558

139,732

1,877,278

Total liabilities and net assets¥388,513¥276,436$4,130,920

Total accumulated other comprehensive income
Share subscription rights
Minority interests

7

Consolidated Statement of Income
Year ended March 31, 2013

Thousands of
U.S.dollars (Note 1)

Millions of yen

2013

2012

2013

Net sales¥403,694¥350,604$4,292,334

Cost of sales (Notes 4 and 8)

224,362

185,919

2,385,561

179,332

164,685

1,906,773

163,446

153,855

1,737,863

15,886

10,830168,910

Selling, general and administrative expenses (Notes 4, 6 and 8)
Operating income
Non-operating income and expenses:
Interest and dividend income

382

419

4,062

Interest expense

(526)

(614)

(5,593)

Restructuring cost

(1,987)(824)(21,127)

Gain (loss) on sales of investments in securities

33

10

351

Gain (loss) on valuation of derivatives

214

(322)

2,275

Gain (loss) on sales or disposals of property, plant and equipment

(110)

132

(1,170)Foreign exchange gain or loss

316

(608)

3,360

-

(308)

-

Gain on reversal of the cost related to employee transfer

-

588

-

Compensation

-

100

-

Loss on withdrawal from pension fund

-

(575)

-

Other, net(1,328)(916)(14,120)

Income before income taxes and minority interest

12,8807,912

136,948

Current

6,171

3,307

65,614

Deferred

458

2,413

4,869

6,251

2,192

66,465

39

(374)

415

¥6,212¥2,566$66,050

Income taxes (Note 9):

Income before minority interest
Minority interest in income of consolidated subsidiaries
Net income

Yen

Per share data

U.S.dollars

2013

2012

2013

Net income-Basic¥22.64¥9.35$0.241

Cash dividends

¥8.00

¥7.00

$0.085The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

8

Consolidated Statement of Comprehensive Income
Year ended March 31, 2013

Thousands of
U.S.dollars (Note 1)

Millions of yen

Income before minority interests

2013

2012

2013

¥6,252¥2,192$66,475

423

118

4,498

-

12

-

20,350(968)

216,374

(22)

36

(234)

Other comprehensive income
Unrealized holding gain (loss) on securities
Deferred gain (loss) on hedges
Foreign currency translation adjustments
Minimum pension liability adjustment
Total other comprehensive income (Note 7)
Comprehensive income

20,751(802)

220,638¥27,003¥1,390$287,113

23,336

1,909

248,123

3,667

(519)

38,990(breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

9Consolidated Statement of Changes in Net Assets
Year ended March 31, 2013

Millions of yen

Shareholder's equity

Balance at April 1, 2012
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2013

Commonstock

CapitalsurplusRetaindearnings¥39,971¥39,971¥52,986(2)¥52,984¥56,466(2,194)
6,212¥60,484

Treasurystock,
at cost¥(5,629)(10)
15¥(5,624)

Total
shareholder'sequity¥143,794(2,194)
6,212
(10)
13
¥147,815

Millions of yen

Balance at April 1, 2012
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2013

Accumulated other comprehensive income
Share
Minimum
Total accumulated subscription
Unrealized holding Foreign currency
pension liability other comprehensive
gain (loss) on
translationrightsadjustment
incomesecurities
adjustments

¥341
423
¥764

¥(14,499)
16,712¥2,213

¥(63)
(11)
¥(74)

¥(14,221)
17,124¥2,903

¥113
32
¥145

Minority
interests

Net assets¥10,046
15,649¥25,695¥139,732(2,194)
6,212
(10)
13
32,805¥176,558

Thousands of U.S. dollars

Shareholder's equity

Balance at April 1, 2012
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2013

Commonstock

CapitalsurplusRetaindearnings$424,997$424,997$563,381(21)$563,360$600,383(23,328)
66,050$643,105

Treasurystock,
at cost$(59,851)(106)
159$(59,798)

Total
shareholder'sequity$1,528,910(23,328)
66,050(106)
138$1,571,664

Thousands of U.S. dollars

Balance at April 1, 2012
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2013

Accumulated other comprehensive income
Share
Minimum
Total accumulated subscription
Unrealized holding Foreign currencytranslation
pension liability other comprehensive
gain (loss) onrightsadjustments
adjustment
incomesecurities$3,626
4,497$8,123$(154,163)
177,693$23,530$(670)(116)$(786)$(151,207)
182,074$30,867$1,201341$1,542

Minority
interests

Net assets$106,816
166,389$273,205$1,485,720(23,328)
66,050(106)
138
348,804$1,877,278

Millions of yen

Shareholder's equity

Balance at April 1, 2011
Cash dividends (Note 20)
Net income for the year
Reclassification to minimum pension liability adjustment
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2012

Commonstock

CapitalsurplusRetaindearnings¥39,971¥39,971¥52,988(2)¥52,986¥56,012(2,193)
2,566
81¥56,466

Treasurystock,
at cost¥(5,691)(3)
65¥(5,629)

Total
shareholder'sequity¥143,280(2,193)
2,566
81
(3)
63
¥143,794

Millions of yen

Balance at April 1, 2011
Cash dividends (Note 20)
Net income for the year
Reclassification to minimum pension liability adjustment
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2012

Accumulated other comprehensive income
Minimum
Unrealized holding Deferred gain or loss Foreign currencytranslation
pension liability
gain (loss) onon hedges
adjustments
adjustment
securities

¥224
117
¥341

¥(11)
11
-

¥(13,694)(805)¥(14,499)

(81)
18
¥(63)

Share
Total accumulated subscription
other comprehensive
rightsincome¥(13,481)
(81)
(659)
¥(14,221)

¥135
(22)
¥113

Minority
interests

Net assets¥10,585(539)¥10,046¥140,519(2,193)
2,566
(3)
63
(1,220)¥139,732

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Numbers of shares in issue: 288,146 thousand shares in fiscal year 201210

Consolidated Statement of Cash Flows
Year ended March 31, 2013

Millions of yen

2013

2012

2013

¥12,880¥7,912$136,948

16,856
(65)
3,015
(382)
526
110
(32)
8
1,987

13,571
158
2,124
(419)
614
(132)
(10)
74
308
(588)
(100)
575
824

179,224(691)
32,057(4,062)
5,593
1,170
(340)
85
21,127(17,486)(1,835)
16,435(718)
31,299390(504)(4,674)
26,511(3,724)
1,849
5,084(6,646)
21,474
411
(624)
(26)
(5,068)16,167(185,922)(19,511)
174,747(7,634)
332,791
4,147(5,359)(49,697)
281,882

Acquisitions of property, plant and equipment
Proceeds from sales of property, plant and equipment
Acquisitions of intangible assets
Acquisitions of investment securities
Proceeds from sales of investment securities
Payments of loans receivable
Proceeds from loans receivable
Payment for business acquisition
Other
Net cash used in investing activities(8,298)971(2,013)
(114)
60
(12)
19
(33,510)(865)(43,762)(7,230)750(2,281)
(59)
43
(18)
18
(524)
(208)
(9,509)(88,230)
10,324(21,404)(1,212)
638
(128)
202
(356,300)(9,196)(465,306)

Repayments of short-term loans, net
Repayments of long-term debt
Repayments of Finance-Lease liabilities
Purchases of treasury stock
Payments of dividends
Payments of dividends to minority shareholders of subsidiaries
Other
Effect of exchange rate changes on cash and cash equivalents
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year701
(2)(2,404)(135)(2,191)(96)
13(4,114)
7,438(13,927)
85,959(8,791)(6)(2,454)(5)(2,193)(15)
65(13,399)(228)(6,969)92,9287,453(21)(25,561)(1,435)(23,296)(1,021)
138(43,743)
79,086(148,081)
913,971

Cash and cash equivalents at end of year

¥72,032¥85,959$765,890

Income before income taxes and minority interest
Adjustment to reconcile income before income taxes andminority interest to net cash provided by operating activities:
Depreciation and amortization
Allowance for doubtful accounts
Interest and dividend income
Interest expense
Gain on sales of investment securities
Write down of investment securities
Reversal of the cost related to employee transfer
Compensation
Loss on withdrawal from pension fundRestructuring cost
Changes in assets and liabilities:
Notes and accounts receivable
Inventories
Notes and accounts payable
Other
Sub TotalInterest and dividend income received
Interest paid
Payments of extra pension for early retirement
Income taxes paid
Net cash provided by operating activities

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

11

Thousands of
U.S.dollars (Note 1)

Notes to Consolidated Financial Statements

1. Basis of Presenting Consolidated
Financial Statements
The consolidated financial statements of Toshiba TEC
Corporation (the ”Company”) have been prepared in accordancewith accounting principles generally accepted in Japan, which are
different in certain respects as to the application and disclosure
requirements of International Financial Reporting Standards, andare compiled from the consolidated financial statements preparedby the Company as required by the Financial Instruments andExchange Law of Japan.
Certain reclassifications have been made to present theconsolidated financial statements in a format which is morefamiliar to the readers outside Japan.
Solely for the convenience of the readers, the consolidated
financial statements have been presented in U.S. dollars bytranslating Japanese yen amounts at the exchange rate of ¥94.05= US$1.00 prevailing as of March 31, 2013. The translation
should not be construed as a representation that the Japanese yen
could be converted into U.S. dollar at the above or any other rateof exchange.

2. Summary of Significant Accounting
Policies(A) Basis of Consolidation and Accounting ofInvestments in Affiliated Companies
The consolidated financial statements include the accounts of
the Company and its majority-owned subsidiaries (together the“Companies”). For the years ended March 31, 2013 and 2012, theaccounts of 88 and 53 subsidiaries are consolidated, respectively.
All significant inter-company transactions and accounts are
eliminated in consolidation.
All assets and liabilities of the consolidated subsidiaries arerevaluated on acquisitions, if applicable. The difference between
the cost of investments in subsidiaries and the equity in theirassets and liabilities at the dates of acquisition is recognized as
goodwill in the consolidated balance sheet and principallyamortized by the straight-line method over 5 to 17 years.
The Company has no unconsolidated subsidiary for which theequity method of accounting has been applied for the years ended
March 31, 2013 and 2012.
From the perspective of immateriality, the investments in theremaining unconsolidated subsidiaries and affiliated companies
are stated at cost.
Certain subsidiaries have year end which differs from that of theCompany. As a result, adjustments have been made for any
significant transactions as needed in consolidation that took place
during the period between the year end of the subsidiaries and theyear end of the Company.

(B) Foreign Currency Translation
Revenue and expense accounts of foreign consolidated
subsidiaries are translated into yen using the annual average rateduring the year. The balance sheet accounts, except for thecomponents of net assets, are translated at the rate in effect at thebalance sheet date. The components of net assets are translated attheir historical rates. Translation adjustments are presented as acomponent of “Accumulated other comprehensive income” under
Net Assets in the consolidated balance sheet.
Foreign currency transactions are measured at the applicablerates of exchange prevailing at the transaction dates, unlesshedged by foreign exchange contracts. Assets and liabilities
denominated in foreign currencies at the balance sheet date arere-measured at the applicable rates of exchange prevailing at thatdate, unless hedged by foreign exchange contracts. Exchange
differences are charged or credited to income.

(C) Cash and Cash Equivalents
Cash and cash equivalents include all highly liquid investments,
generally with original maturates of three months or less.

(D) Investment Securities
Marketable securities classified as “Other securities” arereported at fair value with unrealized holding gains or losses, netof taxes, presented as a component of “Accumulated othercomprehensive income” under Net Assets in the consolidatedbalance sheet. Cost of securities sold is determined by the moving
average method.
Non-marketable securities classified as “Other securities” arecarried at cost, which is determined by the moving averagemethod.

(E) Inventories
Finished goods, merchandises and semi-finished components
are principally stated at the lower of cost, determined by the
first-in, first-out method, or net realizable value. Work-in-process
and raw materials are principally stated at the lower of cost,
determined by the moving average method, or net realizablevalue. Supplies are principally stated at the latest purchase cost
method.

(F) Property, Plant and Equipment and Depreciation
Property, plant and equipment are carried at cost. Material
improvements are capitalized, but repair and maintenanceincluding minor improvements are charged to income.
Depreciation of property, plant and equipment is generally
computed by the declining-balance method for the Company andits domestic subsidiaries, except for buildings (except for building
accessories) and leasehold improvements acquired subsequent toApril 1, 1998 for which the straight-line method is applied, and by
the straight-line method for the overseas subsidiaries, at the rates
based on the estimated useful lives of the respective assets.
The useful lives of principal property, plant and equipment aresummarized as follows:
Buildings and structures 15 to 38 years
Machinery and equipment 5 to 13 years
Tools, furniture and fixtures 2 to 6 years(G) Intangible Assets and Amortization
Intangible assets are amortized by the straight-line method overtheir estimated useful lives.

(H) Leases
The Companies lease certain equipment under non-cancelable
lease agreements referred to as finance leases. Prior to April 1,
2008, finance leases other than those which transferred theownership of the leased property to the Companies had been
primarily accounted for as operating leases. Depreciation at leaseassets is calculated by the straight-line method over the lease
period with no residual value.

12(I) Allowance for Doubtful Accounts
Allowance for doubtful accounts is provided in the amountsufficient to cover probable losses on collection. It consists ofindividually estimated uncollectible amounts and an amountcalculated using the rate of actual losses on collection in the past.

(J) Retirement Benefits
Upon retirement or termination of employment, employees of
the Company and its domestic subsidiaries are generally entitledto lump-sum payments determined by reference to their current
basic rate of pay, length of service and conditions under which
the termination occurs.
The Company and its domestic subsidiaries provide allowancefor the retirement benefits and make contributions to a
non-contributory tax-qualified pension plans (the ” Funded
Plan” ) for employees’ severance indemnities payable, as part ofthe existing retirement plan.
Allowance for the employees’ retirement benefits isdetermined mainly by the amount based on the retirement benefit
obligation and the fair value of the pension plan assets, asadjusted for amortization of unrecognized actuarial gain or loss
and past service costs.

(K) Accrued Retirement benefits to Directors andCorporate Auditors
The retirement benefits to directors and corporate auditors are
determined based on the internal rule and accounted for as an
expense of the accounting period in which such retirement
benefits were accrued.

(L) Accrued Bonuses to Directors and Corporate
Auditors
The bonuses to directors and corporate auditors are determinedbased on the internal rule and accounted for as an expense of theaccounting period in which such bonuses were accrued.

(M) Income Taxes, Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are determined based on the
differences between financial reporting and the tax bases of theassets and liabilities, and are measured using the enacted tax
rates and laws which will be in effect when the temporary
differences are expected to reverse.
The Company and its wholly owned domestic subsidiaries filetheir consolidated tax return in Japan for the Corporation Tax
purpose.

(P) Research and Development Expenses
Research and development costs are charged to income as
incurred.

(Q) Impairment of Fixed Assets
According to the accounting standard, fixed assets arereviewed for impairment at least once a year and whenever
events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable.

(R) Standards Issued but Not Yet Effective
Accounting Standards for Retirement Benefits (AccountingStandards Board of Japan (ASBJ) Statement, No.26 of May 17,
2012)
Guidance on Accounting standard for Retirement Benefits(ASBJ Guidance No.25 of May 17, 2012)
1.Outline
These accounting standard are revised from the point of
improving financial reporting and international trend focusing on
the accounting and disclosures for unrecognized actuarial gain or
loss, unrecognized past service cost, retirement benefit
obligation and service cost.
2.Scheduled date of adoption
These accounting standards will be adopted from the end of
the fiscal year ending March 31, 2014.
However, to in terms of the calculation method of theretirement benefit obligation and the service cost, it will be
adopted from the beginning of the fiscal year ending March 31,
2015.
3.Impact of adoption of these accounting standards
The impact on the consolidated financial statements as a resultof the adoption of these accounting standards is currently being
evaluated.

(S) Change in Presentation(Consolidated Balance Sheet)

Consumption taxes withheld from sales and paid uponpurchasing goods and services by the Companies are notincluded in revenues and expenses.

Effective for the year ended March 31,2013, the amount of theaccounts payable-other, included and presented in “the other” oncurrent liabilities for the year ended March 31,2012,exceeded thetotal liabilities and net assets by 5%, it is presented as “accounts
payable-other”. To reflect this change in presentation,
Consolidated Balance Sheet of the previous year is reclassified.
For Consolidated Balance Sheet of previous year, the accounts
payable presented in “the other” on current liabilities, ¥11,647
millions is reclassified as “accounts payable-other”, which
results in ¥32,167 millions for “the other” and ¥43,814 millions
in total.

(O) Derivative Financial Instruments(T) Additional Information(N) Consumption taxes

The Company and certain subsidiaries have entered into
forward exchange contracts to hedge the risk of fluctuation in
exchange rate in the foreign currency transactions related toaccounts receivable and payable denominated in foreign
currency.
Derivative financial instruments are reported at fair value withunrealized gain or loss, charged or credited to income, except for
those which meet the criteria for the deferral hedge accounting
under which unrealized gains or losses is deferred as assets or

13

liabilities. Receivables and payables hedged by qualified forward
foreign exchange contracts are translated at the corresponding
foreign exchange contract rates.

Not applicable3. Short-Term Loans and Long-Term Debt
The average interest rate for short-term loans outstanding at
March 31, 2013 and 2012 is 0.43 % and 0.62 %, respectively.
The long-term debt (including lease liabilities) at March 31,
2013 and 2012, consists of the following :Thousands of
U.S.dollars

Millions of yen

2013

2012

2013

-

¥2
1
¥1

-

¥5,524
2,602¥2,922¥4,8582,752¥2,106$58,735
27,666$31,069

Long-term debt:
Due serially through 2014
Less current portion

Lease liabilities
Less current portion

The aggregate annual maturities of lease liabilities (excluding
the current portion) outstanding at March 31,2013 are as follows:Year ending
March 31201520162017 and thereafter

Millions of yen

Thousands of
U.S.dollars

733
730
1,459
¥2,922

7,794
7,762
15,513$31,069

The components of retirement benefit expenses for the years
ended March 31, 2013 and 2012 are as follows:
Millions of yen

Service cost
Interest cost
Expected return on plan assets
Amortization of actuarial gain or loss
Amortization of past service cost
Total

Thousands of
U.S.dollars

2013

2012

2013

¥3,475
1,110
(835)
1,605
1,018
¥6,373¥3,475
1,441
(785)
1,539
1,078
¥6,748$36,948
11,802(8,878)17,066
10,824$67,7621) Apart from the retirement benefit expenses above,
additional retirement benefit payments are included in
Non-operating expenses.
The additional retirement benefit payments for the years ended
March 31, 2013 and 2012 were ¥62 millions ($659 thousands)
and ¥70 millions respectively.
2) Retirement benefit expenses of subsidiaries which adopt
simplified method are recorded as "Service cost".
The assumption used in accounting for the above plans for theyears ended March 31, 2013 and 2012 are as follows:
2013

Discount rates
Expected return on assets
Amortization period of past service cost
Amortization period of actuarial gain or loss

2012

Mainly 1.2%
Mainly 1.2%
Mainly 2.5%
Mainly 2.5%
10 years Straight-line method 10 years Straight-line method
10 years Straight-line method 10 years Straight-line method

4. Retirement Benefits
The Company and its domestic subsidiaries have defined
benefit plans, i.e., the Funded Plans and the lump-sum payment
plans.
The following table sets forth the funded status of the plans
and the amounts recognized as of March 31, 2013 and 2012 in
the consolidated balance sheet for the Company's and theconsolidated subsidiaries' defined benefit plans.
Millions of yen

Plan assets
Unrecognized actuarial gain or loss
Unrecognized past service cost
Net amount recognized in the
consolidated balance sheet

Thousands of
U.S.dollars

2013

2012

2013

¥(92,667)
44,123(48,544)
5,791
3,070

¥(89,025)
36,890(52,135)
11,6304,100$(985,295)
469,144(516,151)
61,57432,642(39,683)¥(39,683)(36,405)¥(36,405)(421,935)$(421,935)

5. Contingent liabilities
Contingent liabilities at March 31, 2013 and 2012 are as
follows :Millions of yen

Trade notes receivablediscounted or endorsed
Guarantees on employees' bank loans

2013

2012

2013

¥250
360

¥412
448

$2,6583,828

6. Selling, General and Administrative
ExpensesMajor components of selling, general and administrative
expenses for the years ended at March 31, 2013 and 2012 are as
follows:
Millions of yen

1)Certain subsidiaries adopted a simplified method in thecalculation of their retirement benefit obligation.

Thousands of
U.S.dollars

Delivering expense
Advertising expense
Personal expense
Depreciation and amortization
Research and development expense
Other selling expense

Thousands of
U.S.dollars

2013

2012

2013

¥6,461
1,266
87,874
1,380
18,8335,771¥6,303
1,475
84,773
1,523
16,3086,027$68,698
13,461
934,333
14,673200,245
61,36114

7. Other Comprehensive Income
Other Comprehensive Income for the year ended March 31,
2013, consists of the following :Thousands of
U.S.dollars

Millions of yen

2013

2012

2013

Other comprehensive income
Unrealized holding
gain (loss) on securities
Amount of accrual
Amount of recycling
Amount before tax effect adjustment
Tax effect adjustments
Unrealized holding
gain (loss) on securities

¥689
(31)
658
(235)

¥165
(11)
154
(36)

$7,326(330)
6,996(2,498)

¥423

¥118

$4,498Deferred gain or loss on hedges
Amount of accrualTax effect adjustments
Deferred gain or loss on hedges

-

¥20
(8)
¥12

-

Foreign currency translation adjustments
Amount of accrual
Amount of recycling
Amount before tax effect adjustment
Tax effect adjustments
Foreign currency translation adjustments¥20,350
20,350¥20,350¥(1,213)245(968)¥(968)$216,374
216,374$216,374

Minimum pension liability adjustment
Amount of accrualTax effect adjustments
Minimum pension liability adjustment

¥(36)
14
¥(22)

¥60
(24)
¥36

$(383)
149$(234)

Total other comprehensive income¥20,751¥(802)$220,638

8. Research and Development Expenses
Research and development costs charged to income for theyears ended March 31, 2013 and 2012 are as follows:
Millions of yen

Thousands of
U.S.dollars

2013

2012

2013

¥22,147¥20,353$235,481

9. Income Taxes and Deferred Tax Assets
and Liabilities
The following table summarizes the difference between thestatutory tax rate and the Company's effective tax rate for theyears ended March 31, 2013 and 2012.
1.Significant components of the Companies' deferred tax
assets and liabilities for the years ended March 31, 2013 and2012 are as follows:

15

Thousands of
U.S.dollars

Millions of yen

2013

2012

2013

¥13,813
5,867
2,554

¥12,863
6,677
2,778

$146,869
62,382
27,156

1,355
3,805
27,394(1,500)25,894

1,103
4,554
27,975(1,342)
26,633

14,40740,457291,271(15,949)
275,322

441

461

4,689

407
896
1,744
¥24,150

178
379
1,018
¥25,615

4,327
9,528
18,544$256,778

Deferred tax assets:
Intangible assets
Accrued bonuses
Elimination of consolidated
unrealized gains
Other
Total gross Deferred tax assets
Valuation allowance
Total Deferred tax assets
Deferred tax liabilities:
Retained earnings
appropriated for tax
allowable reserves
Unrealized gains on
securities
Other
Total Deferred tax liabilities
Net deferred tax assets

Net deferred tax assets are included as below on consolidatedbalance sheet for the years ended March 31, 2013 and 2012.
Thousands of
U.S.dollars

Millions of yen

Current assets Deffered tax assets
Fixed assets Deffered tax assets
Current liabilities Deffered tax liabilities
Long-term liabilities Deffered tax liabilities

2013

2012

2013

¥6,222¥6,311$66,156

19,672

19,509209,165(115)-(1,223)(1,630)204(17,331)

2.Difference between statutory tax rate and Company's
effective tax rate
2013

2012

Statutory tax rate
Effect of :Different tax rates applied to income of foreignsubsidiaries
Expenses permanently not deductiblefor income tax purposes
Income permanently not included asrevenue
Corporation tax special credit for
research expenditures

38.0%

40.6%

(5.7)

(12.1)

1.1

2.2

(4.3)

(5.4)

(3.2)

(4.3)

Changes in valuation allowance

1.7

0.3

Downward revision of deffered tax
asset by changes in tax rate
Amortization of goodwill of foreignsubsidiaries
Other, net
Effective tax rates

-

28.9

23.1

21.1

0.8
51.5%

1.0
72.3%

10. Leases(E) Other related information
Future minimum lease payments for noncancelable operating
sub-leases are summarised as follows:(A) Finance Lease as a lessee
Finance Lease transactions, except for those which meetthe conditions that the ownership of the leased assets wastransferred to the lessee.
1-1. The content of Lease assets: tangible assets (tools, furnituresand fixture)
1-2. Depreciation method of lease assets:
According to the "Accounting Standard for Lease
Transactions" and "Implementation Guidance for
Accounting Standard for Lease Transactions", which havebeen adopted from the consolidated fiscal year beginning
April 1, 2008, depreciation of assetes under finance leases
which do not transfer ownership of the leased assets to thelessee are calculated by the straight-line method over thelease period with no residual value.

(B) Operating Lease as a lessee
Future minimum lease payments for noncancelable operatingleases are summarised as follows:
Millions of yen

Due within one year
Due after one year

Thousands of
U.S.dollars

2013

2012

2013

¥463
463
¥926

¥367
422
¥789

$4,923
4,923$9,846(C) Finance Lease as a lessor

1-2) Investment lease - others
Lease revenues receivable
Interests receivable

Millions of yen

Thousands of
U.S.dollars

2013

2012

2013

¥131
(7)
¥124

¥132
(7)
¥125

$1,393(75)$1,318¥1,271(72)¥1,199¥1,554(88)¥1,466$13,514(765)$12,749

2.Expected collect amounts of lease revenues receibable are as follows:
Millions of yen

Within one year
Between 1 to 2 years
Between 2 to 3 years
Between 3 to 4 years
Between 4 to 5 years
More than 5 years

Thousands of
U.S.dollars

2013

2012

2013

¥131
620
439
110
21
81
¥1,402

¥132
959
426
147
22
¥1,686$1,393
6,592
4,668
1,170
223
861
$14,907(D) Operating Lease as a lessor
Future minimum lease payments for noncancelable operatingleases are summarised as follows:
Millions of yen

Due within one year
Due after one year

Investment lease
Current assets
OthersLease expenses payable
Current liabilities
Fixed liabilities

Thousands of
U.S.dollars

2013

2012

2013

¥414
372
¥786

¥655
344
¥999

$4,402
3,955$8,357

¥414
372
¥786

¥655
344
¥999

$4,402
3,955$8,357

11. Consolidated Statement of Cash FlowsThe content of important non-cash transaction
The impact of non-cash transactions on assets and liabilities
under finance lease is ¥2,797 millions ($29,740 thousands) and¥2,841 millions ($30,207 thousands) for the year ended March
31, 2013 and ¥2,237 millions and ¥2,230 millions for the year
ended March 31, 2012, respectively.

12. Financial Instruments
For the year ended March 31, 2013
Overview

1. Details of investment lease1-1) Investment lease current assets
Lease revenues receivable
Interests receivable

Millions of yen

Thousands of
U.S.dollars

2013

2012

2013

¥646
799
¥1,445¥422
1,022¥1,444$6,8698,495$15,364

1. Policy for financial instruments
The Companies raise funds mainly using Toshiba Group
Finance program. Essentially the Companies use the program
for temporarily excess funds.
The Companies use derivatives for the purpose of reducing
risks (described below) and does not enter into derivatives for
speculative or trading purposes.
2. Types of financial instruments and related risks
Trade receivables (trade notes and accounts receivable) are
exposed to credit risk in relation to customers. In addition, theCompanies are exposed to foreign currency exchange rate
fluctuation risk arising from receivables denominated inforeign currencies. In principle, the foreign currency
exchange rate fluctuation risk deriving from the tradereceivables denominated in foreign currencies, net of trade
payables denominated in the same currencies, are hedged byforward foreign exchange contracts.
Investment securities are exposed to market risk. These are
the equity securities of certain enterprises with which theCompanies have business relationship.
Substantially all trade payables (trade notes and accounts
payable) are due within one year. Although the Companies
are exposed to foreign currency exchange rate fluctuation risk
arising from those payables denominated in foreign
currencies. But the volume of account payable is in the rangeof accounts receivable of the same currency.
A debt is a short-term used working capital which is mainly
raised using the Toshiba Group Finance program.
Regarding derivatives, the Companies enter into forward
foreign exchange contracts to reduce the foreign currency
exchange rate fluctuation risk arising from the receivables
and payables denominated in foreign currencies.

163. Risk management for financial instruments
1) Monitoring of credit risk
In accordance with the internal policies, the Credit
Managing division monitors credit worthiness of theircustomers periodically, and monitors due dates andoutstanding balances by individual customer. In addition,
the Companies are making efforts to identify and mitigate
risks of bad debts from customers who are having financial
difficulties.
2) Monitoring of market risks (the risks arising fromfluctuations in foreign exchanges rates, interest rates andothers)For trade receivables and payables denominated inforeign currencies, the Companies identify the foreign
currency exchange rate fluctuation risk for each currency
on a monthly basis and enters into forward foreignexchange contracts to hedge such risk.
The Accounting Division manages risks on derivativetransaction, in accordance with the internal policies.
Monthly reports including actual transaction data aresubmitted to top management for their review.
For marketable securities and investment securities, theCompanies periodically review the fair values of suchfinancial instruments and the financial position of theissuers. In addition, the Companies continuously evaluate
whether securities should be maintained taking into
account their fair values and relationships with the issuers.
3) Monitoring of liquidity risk (the risk that the Companies
may not be able to meet its obligations on scheduled due
dates)
Based on the report from each division, the Companies
prepare and update its cash flow plans on a timely basis to
manage liquidity risk.
4. Supplementary explanation of the estimated fair value offinancial instruments
The fair value of financial instruments is based on theirquoted market price, if availble. When there is no quoted
market price available, the fair value is determined based onreasonable esteimates. Since various assumptions and factors
are reflected in estimating the fair value, different
assumptions and factors could result in different fair value. In
addition, the notional amounts of derivatives in Note 14
Derivative Transactions are not indicative of the actual
market risk involved in derivative transactions.

Consolidatedbalance sheet

Millions of yen
Estimated
fair value(a) Cash and cash equivalents
notes and accounts(b) Trade
receivable¥72,032¥72,032-

Allowance for doubtful
accounts *1(1,126)82,75682,756-securities and(c) Marketable
investment securities

2,268

2,268

-

notes and accounts(d) Tradepayable(71,764)(71,764)-(e) Short- term loans(3,093)(3,093)-(f) Derivative transactions *2

(150)

(150)

-

Difference

83,882Thousands of U.S. dollars
Consolidated
Estimatedbalance sheet
fair value
Differene(a) Cash and cash equivalents
notes and accounts(b) Trade
receivable$765,890$765,890-

Allowance for doubtful
accounts *1(11,972)
879,915

securities and(c) Marketable
investment securities

879,915-

24,115

24,115-

notes and accounts (763,041)(d) Tradepayable(763,041)-(e) Short- term loans(32,887)(32,887)-(f) Derivative transactions *2(1,595)(1,595)-*1*2891,887

Allowance for doubtful accounts provided for individual customers are deducted.
The value of assets and liabilities arising from derivatives is shown at net value.

Note: 1 Method to determine the estimeted fair value of financial instruments and other mattersrelated to securities and derivative transactions(a) Cash and cash equivalents, (b) Trade notes and accounts receivable
Since these items are settled in a short period of time, their carrying value approximatesfair value.
(c) Marketable securities and investment securities
The fair value of marketable equity securities is based on the quoted market price.
For information on securities by each holding purpose, refer to Note 13 Securities.
(d) Trade notes and accounts payable, (e) Short-term loans
Since these items are settled in a short period of time, their carrying value approximatesfair value.
(f) Derivatives transactions
Refer to Note 14 Derivative Transactions
2 Financial instruments for which it is extremely difficult to determinie the fair value

Unlisted stocks

Millions of yen

Thousands of
U.S. dollars¥1,849$19,660

Because no quoted market price is available and it is extremely difficult to determine
the fair value, the above financial instruments are not included in the above table.
3 Redemption schedule for receivables and marketable securities with maturities at March
31,2013

Estimated Fair Value of Financial Instruments

The carrying value of financial instruments in the consolidatedbalance sheet as of March 31, 2013, and their estimated fairvalue are as follows:

Due in One
Year or Less

Millions of yen
Due after One Due after Fiveyears throughyear throughTen years
Five years

Due after
Ten Years

Cash and cash equivalents¥72,032---

Trade notes and accountreceivable
Marketable securities
and invetment securities
Held-to-maturity
debt securities
National and local
government bonds

83,882

-

-

-

-

-

-

-

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

¥155,914---

Corporate bonds
Other marketablesecurities with maturities

Total

17

Due in One
Year or Less

Thousands of U.S. dollars
Due after One Due after Fiveyears throughyear throughTen years
Five years

Due after
Ten Years

Cash and cash equivalents$765,890---

Trade notes and accountreceivable
Marketable securities
and invetment securities
Held-to-maturity
debt securities
National and local
government bonds

891,887---

Corporate bonds

-

-

-

-

-

-

-

-

Other marketablesecurities with maturities

-

-

-

-

-

-

-

-

$1,657,777

-

-

-

Corporate bonds
Other

Total

3. Redemption schedule for receivables and marketable securities with maturities at March
31, 2012

Due in One
Year or Less

¥85,959---

Trade notes and accountreceivable
Marketable securities
and invetment securities
Held-to-maturity
debt securities
National and local
government bonds

56,817

-

-

-

-

-

-

-

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

¥142,776---

Corporate bonds
Other marketablesecurities with maturities

13. Securities

balance sheet as of March 31, 2012, and their estimated fairvalue are as follows:
Consolidatedbalance sheet

Millions of yen
Estimated
fair value(a) Cash and cash equivalents
notes and accounts(b) Trade
receivable¥85,959¥85,959-

Allowance for doubtful
accounts *1(1,108)55,70955,709-securities and(c) Marketable
investment securities

1,795

1,795

-

notes and accounts(d) Tradepayable(46,995)(46,995)-(e) Short- term loans(1,929)(1,929)

-

(364)

(364)

-

(f) Derivative transactions *2*1*2

Difference

56,817

Allowance for doubtful accounts provided for individual customers are deducted.
The value of assets and liabilities arising from derivatives is shown at net value.

Note: 1

related to securities and derivative transactions(a)Cash and cash equivalents, (b)Trade notes and accounts receivable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
(c)Marketable securities and investment securities
The fair value of marketable equity securities is based on the quoted market price.
For information on securities by each holding purpose, refer to Note 13 Securities.
(d)Trade notes and accounts payable,(e)Short-term loans,
Since these items are settled in a short period of time, their carrying value
approximates fair value.
(f)Derivatives transactions
Refer to Note 14 Derivative Transactions

1. Information regarding marketable Other Securities as ofMarch 31, 2013 and 2012 are as follows:
Millions of yen

2013
Carrying Acquisition Unrealized
value
cost
gain (loss)

2012
Carrying Acquisition Unrealized
value
cost
gain (loss)

Securities whose carrying value exceeds their acquisition cost:
Stocks¥2,005¥892 ¥1,113 ¥1,622¥940
Securities whose acquisition cost exceeds their carrying value:
Stocks
263
306
(43)
173
206
Total
¥2,268 ¥1,198 ¥1,070 ¥1,795 ¥1,146

Carrying value

2013
Acquisition cost

(33)
¥649

Unrealized gain (loss)

Securities whose carrying value exceeds their acquisition cost:
Stocks$21,319$9,484
Securities whose acquisition cost exceeds their carrying value:
Stocks
2,796
3,254
Total
$24,115$12,738$11,835(458)$11,377

2. The proceeds from sales of securities, except those of theaffiliated companies, for the years ended March 31, 2013 and2012 were ¥57 millions ($ 606 thousands) and ¥31 millions,
respectively. The realized gains on those sales for the years
ended March 31, 2013 and 2012 were ¥33 millions ($351
thousands) and ¥10 millions, respectively.
3. Information regarding non-marketable securities as of March
31, 2013 and 2012 is as follows.
Thousands of
U.S.dollars

Millions of yen

Millions of yen

2013¥1,665

Because no quoted market price is available and it is extremely¥682

Thousands of U.S.dollars

2Unlisted stocks

Due after
Ten Years

Cash and cash equivalents

Total

For the year ended March 31, 2012
Estimated Fair Value of Financial Instruments

Millions of yen
Due after One Due after Fiveyears throughyear throughTen years
Five years

2012

Carrying value

Other securities
Unlisted stocks
OthersTotal¥1,849¥1,849¥1,665¥1,6652013
Carrying value$19,660$19,66018

14. Derivative Transactions

Thousands of U.S. dollars
2013

1. Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2013 and 2012, for which hedged accounting
has not been applied.

Contract amount
Maturing
within one year
Forward foreignexchange contracts

Sell:
CAD
AUD

Transaction outside the market
Currency-related transactions

Fair value

Maturing
after one year

Total

$3,3701,797$5,167-$(500)(276)$(776)

Millions of yen
2013

2012
Fair
value

Contract amount

UnrealizedGain(Loss)

Maturing Maturing
within after one
one year
year

Fair
value

Contract amount

UnrealizedGain(Loss)

Maturing Maturing
within after one
one year
year(A) Business Segment for the years ended in March
31, 2013 and 2012

Forwardforeignexchange
contracts

Sell:
EUR
CAD
Total

- (149) (149)(1)(1)- ¥(150) ¥(150)¥6,005
5¥6,010¥6,21238¥6,250- (361) (361)(3)(3)- ¥(364) ¥(364)Thousands of U.S. dollars
2013
Fair value

UnrealizedGain(Loss)$(1,584)(11)$(1,595)$(1,584)(11)$(1,595)

Contract amount
Maturing
within one year

Maturing
after one year

Forward foreignexchange contracts

Sell:
EUR
CAD
Total

$63,849
53$63,902-

2. Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2013 and 2012, for which hedged accounting
is applied.

Currency-related transactions(1) Net deffered profits on hedges,accounted for as part ofaccounts receivable
Not appricable(2) Forward foreign exchange contracts, accounted for as part ofaccounts receivable
Millions of yen
2013
Contract amount2012
Fair value

Maturing Maturing
within one after one
year
year

Contract amount

Fair value

Maturing
within one
year

Maturing
after one
year

¥352
476
¥828

-

Forward foreignexchange contracts

Sell:
CAD
AUD
Total

19

¥317
169
¥486

-

¥(47)
(26)
¥(73)

15. Segment Information

¥(18)
(31)
¥(49)

1. Summary of reportable segument
The reportable segments of the Companies are components
for which discrete financial information is available andwhose operating results are regularly reviewed by the
Executive Committee to make decisions about resource
allocation and to assess performance.
Aiming the growth as a total solution provider, theCompanies create comprehensive strategies per market anddevelop business activities under a framework for business
operation by each market segment.
Therefore, the Companies report on "System Solutions
Business Group"and "Global Solutions Business Group" asa reportable segments.
2. The calculation method for amounts of sales, income, assets
and other items per reportable segments
The accounting policies of the segments are substantiallythe same as those described in the significant accouting
policies in Note 2.

Thousands of
U.S.dollars

Millions of yen

2013

2012

Net Sales
System Solutions Business Group¥179,008
Intersegment
1,769
Total
180,777
Global Solutions Business Group
224,686
Intersegment
10,756
Total
235,442
Adjustments(12,525)
Consolidated¥403,694¥167,911
1,773
169,684$1,903,328
18,8091,922,137

182,693
10,070192,763(11,843)¥350,604

2,389,006
114,365
2,503,371(133,174)$4,292,334

Segment Income
System Solutions Business Group
Global Solutions Business Group
Consolidated¥8,708
7,178¥15,886¥5,865
4,965¥10,830$92,589
76,321$168,910

Segment Assets
System Solutions Business Group
Global Solutions Business Group
Adjustments
Consolidated¥74,546
302,062
11,905¥388,513¥69,035
147,650
59,751¥276,436$792,621
3,211,717
126,582$4,130,920

Depreciation
System Solutions Business Group
Global Solutions Business Group
Consolidated¥2,475
9,587¥12,062¥2,735
8,304¥11,039$26,316
101,935$128,251

Amortization
System Solutions Business Group
Global Solutions Business Group
Consolidated

¥164
4,630
¥4,794¥199
2,333¥2,532$1,74449,229$50,973

Capital Expenditures
System Solutions Business Group
Global Solutions Business Group
Consolidated¥2,67381,064¥83,737¥2,205
9,962¥12,167$28,421861,925$890,346

Note:1

Adjustments of Segment Assets are Corporate assets, and consist of cash and cash
equivalents and investment securities in the amount of ¥11,905 millions ($126,582
thousands) and ¥59,751 millions in March 31, 2013 and 2012, respectively.

2

Segment Income corresponds to Operating Income of Cosolidated Statement of
Operations.
The main products of each business segments
System Solutions Business GroupPOS Systems, Electronic Cash Register, Electronic Scales , Multifunction
Peripherals, in Japan
Global Solutions Business GroupPOS Systems, Electronic Cash Register, Electronic Scales , Multifunction
Peripherals, abroad(B) Relative Information
1. Products and service information
Millions of yen

Net sales of Retail
Net sales of MFP

2. Information by geographical area

2013

Thousands of
U.S.dollars

2013

2012

2013

¥238,110
165,584¥403,694¥192,402
158,202¥350,604$2,531,739
1,760,595$4,292,334

Millions of yen

Thousands of
U.S.dollars

2013

2012

2013

¥190,086
103,326
76,211
34,071¥403,694¥177,158
67,62873,77532,043¥350,604$2,021,116
1,098,628
810,324362,266$4,292,334¥13,425
7,173
7,058
4,190
¥31,846¥13,752
6,800
6,049
3,927
¥30,528$142,743
76,26875,04544,551$338,607

Net SalesJapan
American States
EuropeAsia and others
Net sales
Tangible Fixed Assets

Japan
American States
EuropeAsia and others
Net sales

Criteria of geographical segmentation and the name of countries
or areas mainly included in each segment except for Japan are as
follows:
1) Criteria: geographical closeness2) Countries & Areas
1 American States
U.S.A., Canada, Mexico, Puerto Rico, Panama, Venezuela,
Brazil, Chile
2 Europe
U.K., France, Germany, Spain, Switzerland, Belgium, Italy,
Netherlands, Sweden, Norway, Denmark,Finland, Poland
3 Asia and Others
Singapore, Malaysia, Indonesia, China, Australia, Korea
3. Information by major customer
There are no customers whom the Companies sell it to morethan 10% of total sales for the years ended in March 31, 2013
and 2012.
4. Information on impairment loss in fixed assets be businesssegument
There are no events to be noted for this purpose for the years
ended in March 31, 2013 and 2012.
5. Information on amortization of goodwill and unamortizedbalance by business segment

System Solutions Business Group
Global Solutions Business Group
Consolidated

Millions of yen

Thousands of
U.S.dollars

2013
2012
Balance at endof period

2013
Balance at endof period¥492
74,731¥75,223¥682
16,171¥16,853$5,231
794,588$799,819

For the amount of amortization of goodwill, it is omitted as it isdisclosed in "Segment Information"
6. Information on negative goodwill by business segment
The year ended in March 31, 2013
The importance of the amount of money is scarce, so astatement is omitted.
The year ended in March 31, 2012
There are no events to be noted for this purpose.

Retail : POS system, Auto-ID system which contain hardware and software to automatically
retrieve, identify and manage data, from Barcodes and IC tags
MFP : Multi Function Peripherals, Facsimiles,various unit parts and inkjet print heads

2016. Stock Option Plan
The stock options outstanding as of March 31, 2013 are as follows:
1. The amount and the accounting subject in relation to the stock
options existing for the year ended March 31, 2013. Selling,
General and Administrative Expenses for the years ended
March 31, 2013 and 2012 are ¥45 millions ($478 thousands)
and ¥40 millions, respectively.
2. The size of stock option and its circumstances
1) General information
The first new share subscription rights
as share-reward type stock option
18 of the Company directors and corporate
Type of shares for which new
subscription rights offered (Note1)

83,000 shares of Common stock

Date of issuanceAugust 1, 2008

Condition of exercising(Note2)

Vesting period

No conditional period required

Subscription rights exercise period

From August 2, 2008 to August 1, 2038
The second new share subscription rights
as share-reward type stock option
17 of the Company directors and corporate

Type of shares for which new
subscription rights offered (Note1)

169,000 shares of Common stock

Date of issuance

July 31, 2009

Condition of exercising(Note2)

Vesting period

No conditional period required

Subscription rights exercise period

From August 1, 2009 to July 31, 2039

2) The size of stock option and movement
Addressed is the amount of stock option existing as of March
31, 2013.
As for the number of stock option, it is converted into thenumber of shares.
2)-1. The number of stock option
The fourth
The fifth
The third
The second
new share
new share
new share
new share
new share
subscription subscription subscription subscription subscription
rights as
rights as
rights as
rights as
rights as
share-reward share-reward share-reward share-reward share-reward
type stock
type stock
type stock
type stock
type stock
optionoptionoptionoptionoptionBefore theresolution
End of thepreceding term
Offered

-

-

-

-

-

-

-

-

-

156,000

Cancelled

-

-

-

-

-

Vested----156,000

Outstanding

-

-

-

-

-

After theresolution
End of thepreceding term
Vested32,00078,00077,000128,000

-

-

-

-

-

156,000

Exercised

4,000

-

10,0008,000

14,000Cancelled

-

-

-

-

-

Outstanding

28,00068,00069,000114,000

156,0002)-2. Per share data
The fourth
The fifth
The third
The second
new share
new share
new share
new share
new share
subscription subscription subscription subscription subscription
rights as
rights as
rights as
rights as
rights as
share-reward share-reward share-reward share-reward share-reward
type stock
type stock
type stock
type stock
type stock
optionoptionoptionoptionoptionThe third new share subscription rights
as share-reward type stock option
17 of the Company directors and corporate
Type of shares for which new
subscription rights offered (Note1)

134,000 shares of Common stock

Date of issuance

July 30, 2010

Condition of exercising(Note2)

Vesting period

No conditional period required

Subscription rights exercise period

From July 31, 2010 to July 30, 2040
The fourth new share subscription rights
as share-reward type stock option
17 of the Company directors and corporate

The average
price at thetime ofexercising
Official
price atthe date ofoffered¥1($0.011)¥1($0.011)¥1($0.011)¥1($0.011)¥1($0.011)¥287($3.052)¥287($3.052)¥287($3.052)¥293($3.115)-¥560($5.954)¥393($4.179)¥307($3.264)¥316($3.360)¥291($3.094)

3. The evaluation of fair price of stock option
1) The evaluation method used: Black–Scholes method
2) General information and the method of estimation

Type of shares for which new
subscription rights offered (Note1)

128,000 shares of Common stock

Date of issuanceAugust 2 , 2011

Condition of exercising(Note2)

Vesting period

No conditional period required

Stock market volatility (Note 1)

30.8%

Subscription rights exercise period

From August 3, 2011 to August 2, 2041

Estimated residual period (Note 2)

1.5 years

The fifth new share subscription rights
as share-reward type stock option
17 of the Company directors and corporate
Type of shares for which new
subscription rights offered (Note1)

156,000 shares of Common stock

Date of issuanceAugust 2 , 2012

Condition of exercising(Note2)

Vesting period

No conditional period required

Subscription rights exercise period

From August 3, 2012 to August 2, 2042

Note:1 The amount is converted into the number of shares.
2 Fixed term of the right is not given.
Subscription rights may be exercised in a lump sum within expiration cycle and 10 days

21

Exercisedprice

The fifth new share subscription rights
as share-reward type stock option

Estimated dividents (Note 3)
Risk-free rate (Note 4)¥7 ($0.074) per share
0.09%

Note:1 The figure is calculated based on actual share data from January 24, 2011 up to the weekof offered.
2 The calculation is based on the condition that the Company's directors or corporate
officers are resigned and the exercised exactly after the day of resignation.
3 The estimated figure is based on the actual dividend amount for the year ended March 31,
2012.
4 Estimated capitalisation cycle of government bond is in accordance with estimatedresidual period

4. The method of estimating the number of stock option vested
Fundamentally, only the actual number of cancelled is shownas it is difficult to estimate possible number of cancelled.

17. Business Combination
Business Combinations of acquisition
1. Outline of the business combination:
The Company acquired IBM's RSS business effective on
August 1, 2012.
In this connection, the Company has started the businessaround the world by founding the holding company, businesscorporations and branches in 43 countries and areas
Moreover, the Company plans to start the business in othercountries and areas, but the effect on the consolidated
financial statements will be immaterial.
Ownership investment in the holding company establishedin Japan is as below:
The Company 80.1%
IBM Taiwan 19.9%
The Company will acquire 100% ownership of this holding
company in certain periods of time.
1) Name of the acquired company and business contents:
Name of the acquired company:International Business
Machines Corporation
Business contents:Hardware (system & technology),
Software, Service,Consulting in IT and Integration solution2) Main reason for business combination:
By acquiring IBM's RSS business,
the Company aims at becoming a leading company of theretail point of sales system
which develops high level products and solution globallyin a retail solution market.
3) Date of business combination:
August 1, 2012
4) Legal form of the business combination:
Acquisition of Business5) Name of companies subsequent to the combination:
The Company established subsdiaries in each country,
which acquired the business:
Toshiba Global Commerce Solutions Holdings
Corporation
Toshiba Global Commerce Solutions, Inc.
Toshiba Global Commerce Solutions Mexico, S. de R.L.
de C.V. etc.
2. Period of operating result of the aquired business included in
the consolidated financial statements:
From August 1, 2012 to March 31, 2013
3. Acquisition costs and its detail:The acquisition cost was $850 millions (¥68.0 billions)based on the original agreement, but it is estimated at$797millions (¥66.2 billions) under the current conditions.
Expenses incidental to this acquisiton was ¥1,833 millions($19,490 thousands).
In addition, the total amount of acquisition cost may change
in the future because there are some companies for which thecontents of acquired assets and liabilities have not been
determined yet in 43 countries and areas, and the change of
the working capital at the time of acquisition has been
scrutinized based on the agreement.

4. Amount of goodwill recoginized, amortization method ,amortization period and reason for recognizing goodwill:
1) Amount of goodwill recoginized, amortization method ,amortization period
The amount of goodwill is ¥52,523 millions ($558,458
thousands) which is provisionally estimated for theacquired business in the 43 countries and areas includedin the year ended March 31, 2013.
In addition, in the third quarter ended December 31, 2012,
the amount of goodwill of ¥29,359 millions ($312,164
thousands) was recoginized by the result of provisional
allocation of acquisition costs.
But during the course of further investigation of theCompany reconsidered allocation of current acquisition
costs, and the Company transferred some intangible assets
to goodwill at the end of this fiscal year.
Moreover, method and term to amortize goodwill isstraight-line method 17 years.
2) Reason for recognizing goodwill:
Goodwill was recognized because the net value allocatedto the assets acquired and liabilities assumued underrun
the acquisition cost of the company.
5. Amounts of assets and liabilities acquired on the day of thebusiness combination:
Current assets :¥3,810 millions ( $40,510 thousands)

Non-current assets :¥14,621 millions ($155,460 thousands)

Total assets :¥18,431 millions ($195,970 thousands)

Current liabilities :¥2,971 millions ( $31,590 thousands)

Total liabilities :¥2,971 millions ( $31,590 thousands)

6. Pro forma amounts of impact and its calculation method on
the consolidated statement of income for the fiscal year
ended March 31, 2013, assuming that the businesscombinations had been completed on the commencement
date of the fiscal year:
Net Sales
Operating income
Ordinary profit¥23,527 millions ($250,154 thousands)¥1,012 millions ( $10,760 thousands)¥724 millions ( $7,698 thousands)(Calculation method of the approximate amounts)
Pro forma amounts of impact were calculated at thedifference between the sales and other income data
estimated assuming that the business combination had been
completed on the commencement date of the fiscal year, andthe actual sales and other income data that are recorded in the
consolidated statement of income.
In addition, the amount of amortization of goodwill
recoginized at the acquisition has been adjusted which are
newly recognized at the time of business combination.
This pro forma information mentioned above has not been
audited.

Note: The rate of yen amounts in this represent translations of dollar is used the rate of theacquisition day.

22

18. Asset Retirement Obligation(¥=Million, US$=Thousand, S$=Thousand)

The importance of the amount of money is scarce, so a statement
is omitted.

19. Transaction with Related Parties
1.Transaction with Related Parties(A) Transaction with Related Parties for the year
ended March 31, 2013.
(¥=Million, US$=Thousand)StatusParentcompanyName

Toshiba
Corporation

Address

CapitalBusiness

Percentage of voting
rights held (%)

Minato-ku,
Tokyo

Manufacturing
and sales of
Degital Products¥439,901
direct: 52.8%
and Electronic$(4,677,310)
indirect: 0.1%
devicesand Home
Appliances

Transaction

Transaction
AmountStatusName

Address

CapitalBusiness

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
Capital (Asia)
LTD.

Singapore

S$4,000

Financingof corporate
subsidiaries
overseas etc.

Note

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal Year End

Deposits offunds

Deposits offunds(Note)Cash and Cashequivalents,
interest
income¥8,379($89,091),
¥7
($74)

Note

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.
(¥=Million, US$=Thousand, GBP=Thousand)Relationship
Dispatch of
executive

Business
Relationship

Sales of our
products ,interlocking of Deposit of fundand Purchasedirectorsof Toshiba
products

Deposits offunds(Note)

Account item
Cash and Cashequibalent,
Accuredinterst,Interst income

Balance at
Fiscal Year End¥19,323($205,455),
¥0
($0),
¥34
($362)

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:

Business

Percentage of voting
rights held (%)

Subsidiary
ToshibaLondon, UKof the parent
International
company
Finance (UK) Plc.

GBP 5,000

Financingof corporate
subsidiaries
overseas etc.

Note

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal YearEnd

Deposits offunds

Deposits offunds(Note)Cash and Cashequivalents¥4,838($51,441)

Notesettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.
(¥=Million, US$=Thousand, S$=Thousand)Status

Subsidiaryof the parent
company

Name

Address

Percentage of voting
rights held (%)

CapitalBusiness

S$11,600

Sales andmaintenanceof audio visualequipment, personal
computers,document
processing andtelecommunicationequipments,etc.

Note

Name

Address

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.
(¥=Million, US$=Thousand)Toshiba
Singapore
Pte.,Ltd.

Singapore

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal Year End

Sales of our
products

Sales of document
processing and
Maltifunction
Peripherals, etc.

¥7,552

Accounts
receivable¥3,023($32,142)

Note

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.

23

CapitalStatusStatusName

Address

CapitalBusiness

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
America,Ltd.

New York,
USA$1,002,550

The holding
company of the U.S.
operation
supervising company

Note

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal YearEnd

Deposits offunds

Deposits offunds(Note)Cash and Cashequivalents¥10,450($111,111)

Note

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.

(B) Transaction with Related Parties for the year
ended March 31, 2012.

(¥=Million, US$=Thousand, S$=Thousand)StatusName

Address

CapitalBusiness

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
Capital(Asia)
LTD.

Singapore

S$ 4,000Financing ofcorpotrate
subsidiaries
overseas etc.

Note

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal YearEnd

Deposits offunds

Deposits offunds(Note)Cash and Cashequivalents,
Interest
income(¥=Million, US$=Thousand)StatusParentcompanyName

Toshiba
Corporation

Address

Minato-ku,
Tokyo

Capital¥439,901

Business

Percentage of voting
rights owned (%)

Manufacturing
and sales of
Degital Products
direct: 52.9%
and Electronic
indirect: 0.1%
devices and Social
Infrastructure andHome Appliances

Relationship
Dispatch of
executive

Business
Relationship

Sales of our
products ,interlocking of
Deposit of funddirectors
and Purchase of
Toshiba products

Transaction

Deposits offunds

Transaction
AmountAccount item

(Note)Cash and Cashequibalent,
Accuredinterst,Interst income¥58,593¥2

settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.
(¥=Million, US$=Thousand, S$=Thousand)Status

Subsidiaryof the parent
companyName

Toshiba
Singapore
Pte.,Ltd

Relationship
Dispatch of
Business
executive
Relationship
Note

Sales of our
products

Address

Singapore

Percentage of voting
rights held (%)

CapitalBusiness

S$11,600

Sales andmaintenanceof audio visualequipment,
personalcomputers,
document
processing andtelecommunicationequipments, etc.

Note

¥3

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:

¥134

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:

Note

Balance at
Fiscal Year End¥5,799settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.
(¥=Million, S$=Thousand, GBP=Thousand)StatusName

Address

CapitalBusiness

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
International
Finance(UK)Plc.

London,UK

GBP 5,000

Financingof corporate
subsidiaries
overseas etc.

Note

Relationship
Dispatch of
Business
executive
RelationshipTransaction

Transaction
AmountAccount item

Balance at
Fiscal YearEnd

Deposits offunds

Deposits offunds(Note)Cash and Cashequivalents¥1,559Note

With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Note:Transaction

Transaction
AmountAccount item

Balance at
Fiscal YearEnd

Sales of document
processing andtelecommunicationequipments, etc.

¥6,895

Accounts
receivable¥2,368With regard to the amount above, Transaction Amount and Balance at Fiscal Year End don't
include consumption taxes.
Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.

settlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

Policy for determining trade terms and conditions and other related matters(1) Depositing funds are determined from market rates and offers from third party interests rates.
(2) For sales of the products, it is determined as general transaction over negotiation withoffering our price, considering market price and total cost.

2. Notes regarding parent company and material
Information on the parent company
Toshiba Corporation (listed on Tokyo Stock Exchange, Osaka
Securities Exchange, Nagoya Stock Exchange, London Stock
Exchange)2420. Cash Dividends

21. Per share Information(A) Cash dividends for the year ended March 31, 2013

Per share information at March 31, 2013 and 2012 are as follows:
Yen(1) Cash dividends paid
(resolution)

Type ofsharesBoard ofCommondirectors held on
stock
April 27, 2012
Board of directors
Commonheld on November
stock
1, 2012(resolution)

Type ofsharesBoard ofCommondirectors held on
stock
April 27, 2012
Board of directors
Commonheld on November
stock
1, 2012(resolution)

Type ofsharesBoard ofdirectors
held on April
26, 2013

Commonstock(resolution)

Type ofsharesBoard ofdirectors
held on April
26, 2013

Commonstock

Total amount Dividendsof dividends per share Record date Effective date(Millions of yen)

(Yen)

¥1,097¥4.0

March 31, 2012

June 1, 2012

¥1,097¥4.0

September 30,
2012

December 3,
2012

Net assets per share
Net income per share
Net income per share fully diluted

Board ofCommondirectors
held on April 28, stock2011
Board of directors
Commonheld on November
stock
2, 2011(resolution)

Type ofsharesBoard ofCommondirectors
held on April 27, stock
2012

25

2013

¥549.42
22.64
22.61

¥472.36
9.35
9.34$5.8420.241
0.240

Thousands of
U.S.dollars

Millions of yen

Total amountof dividends

Dividends
per share(U.S.dollars)$11.664$0.04

March 31, 2012

June 1, 2012$11.664$0.04

September 30,
2012

December 3,
2012

Total amountof dividends(Millions of yen)

¥1,097
Total amountof dividends(Thousands of
U.S.dollars)$11.664

Dividend
resource

Retainedearnings

Dividend
resource

Retainedearnings

2013

Record date Effective date(Thousands of
U.S.dollars)

Dividends
per share Record date Effective date
(Yen)

¥4.0

March 31, 2013

June 3, 2013

Dividends
per share Record date Effective date

(U.S.dollars)$0.04

March 31, 2013

June 3, 2013

(1) Cash dividends paid
(resolution)

2012* Net income per share and net assets per share fully diluted were calculated on the basis of thefollowing data.

Net income per share
Net income¥6,212
Amounts not attributable tocommon stock
Net income attributable tocommon stock
6,212
Average number of sharesof common stock during theperiod (thousand shares)
274,324
Net income per share fully diluted
Adjustment to net income
Increase in number ofcommon stocks(thousand shares)
389(Share subscription rights)
389
Outline of the residual
securities excluded fromthe calculation of the fully
diluted net income per sharebecause they have no dilutive
effects.

(B) Cash dividends for the year ended March 31, 2012
Type ofsharesU.S.dollars

2013

22. Subsequent Event

Total amountof dividends

Dividends
per share

Record date Effective date

¥1,370¥5.0March, 31, 2011 June 1, 2011

¥823

¥3.0

September 30,
2011

Total amountof dividends

Dividend
resource(Millions of yen)

(Millions of yen)

¥1,097(Yen)

Retainedearnings

December 1,
2011

Dividends
per share Record date Effective date
(Yen)

¥4.0

March, 31, 2012 June 1, 2012

Not applicable

2012

2013

¥2,566$66,050

2,566

66,050274,274
305
305

-

-

Corporate Data
1-11-1, Osaki, Shinagawa-ku, Tokyo 141-8562, Japan
Tel: +81-3-6830-9100
Fax: +81-3-6684-4001
http://www.toshibatec.co.jp/
Established: February 21, 1950
Employees: 3,735 <Consolidated: 20,517> (as of March 2013)
Common Stock: ¥39,971 million (as of March 2013)
Stock Listing: Tokyo Stock Exchange (1st Section)

Board of Directors and Audit ＆ Supervisory Board (as of June 27, 2013)
President and Chief Executive Officer◊Mamoru Suzuki
Directors

Hiroshi Inubushi
Masato Yamamoto
Takayuki Ikeda
Masayoshi Hirata
Issei Ichihara
Mitsuhiro Taketani
Masahiko Fukakushi
Audit & Supervisory Board Members

Hiroyuki Ikeda
Hiroshi Kitano
Takehiko Ouchi
Toshihiko Matsumoto◇:Representative Director

Main Consolidated Companies (as of March 31, 2013)• TOSHIBA AMERICA BUSINESS SOLUTIONS, INC.
• TOSHIBA TEC SOLUTION SERVICES CORPORATION• TOSHIBA GLOBAL COMMERCE SOLUTIONS, INC.
• TOSHIBA TEC GERMANY IMAGING SYSTEMS GmbH• TOSHIBA TEC FRANCE IMAGING SYSTEMS S.A.
• TOSHIBA TEC EUROPE RETAIL INFORMATION SYSTEMS S.A.
• TOSHIBA GLOBAL COMMERCE SOLUTIONS MEXICO, S. DE R.L. DE C.V.
• TOSHIBA TEC U.K. IMAGING SYSTEMS LTD.
• TOSHIBA TEC INFORMATION SYSTEMS (SHENZHEN) CO., LTD.
• TOSHIBA TEC SINGAPORE PTE LTD• P.T. TEC INDONESIA• TEC PRECISION CO., LTD.
• TOSEI CORPORATION• TEC INFORMATION SYSTEMS CORPORATION• KOKUSAI CHART CORPORATION• TOSHIBA TEC (H.K.) LOGISTICS & PROCUREMENT LTD.
• TOSHIBA GLOBAL COMMERCE SOLUTIONS HOLDINGS CORPORATION