ANNUAL
R E P ORT

2 0 12For the Year Ended March 31, 2012

Financial Highlights
Years ended March 31

Thousands of
U.S.dollars

Millions of yen
Consolidated
Net sales
Operating income

2008

2009

2010

2011

2012

2012

¥492,970¥422,601¥364,578¥362,302¥350,604$4,265,774

26,075

10,123

9,725

13,997

10,830131,768

Net income

13,382

2,634

4,144

6,510

2,566

31,220Total assets

313,900

281,732

289,518

288,592

276,4363,363,378

Net assets

161,169

142,034

142,692

140,519

139,732

1,700,110

Yen

U.S.dollars

Per share data:
Net income Basic¥48.20¥9.53¥15.06¥23.71¥9.35$0.114

Total shareholders' equity

504.00465.63474.85473.44472.36

5.747
Thousands of
U.S.dollars

Millions of yen
Non-Consolidated

2008

2009

2010

2011

2012

2012

¥266,537¥237,364¥211,345¥221,674¥224,933$2,736,744

Operating income

5,008(1,477)

2,544

2,906

3,226

39,251

Net income

7,777

4,722

5,476

4,476

2,421

29,456

Net sales

Common stock

39,971

39,971

39,971

39,971

39,971

486,324

Total assets

204,069

200,658

210,729

221,925

226,188

2,752,014

Net assets

117,124

116,766

122,704

124,888

125,273

1,524,188

Yen

U.S.dollars

Per share data:
Net income Basic¥28.01¥17.09¥19.89¥16.30¥8.82$0.107

Cash dividends

12.00

5.00

5.00

7.00

7.00

0.085

Total shareholders' equity

421.99424.09445.75455.03456.27

5.551

The dollar amounts in this report represent translations of yen, for convenience only, at the rate of ¥82.19=US$1.00, the exchange rate
prevailing on March 31, 2012.

CONTENTS

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

Business Review

Business Overview in the Consolidated Fiscal Year 2011
As for the global economy in the consolidated fiscal year 2011, a full-scale economic recovery continued to elude the US,
the economy slumped in Europe, and overall economic expansion in Asia slowed down due to the influence of the financial
crisis caused by Europe's debt problems. The Japan’s economy continued to face a severe situation due to the Great East
Japan Earthquake and flooding in Thailand as well as the downturn in the global economy and appreciation of the yen.
Under such circumstances, by making full use of its power, the Toshiba Tec Group was committed to providing totalsolutions, developing and releasing differentiated products such as Environmentally Conscious Products (ECPs) andintegrated products, and expanding its business scale by focusing on emerging countries and areas expected to grow, alongwith increasing earning power by streamlining resources and assets together.
On April 1, 2011, we established new global solutions business by merging the document solutions business andinternational POS, AI & printer business, with the aim of further streamlining and expanding international operations. We
devoted ourselves to further developing business operations in markets centering on the system solutions business in Japanand the global solutions business outside Japan.
The consolidated business operations were influenced by fluctuations in exchange rates and the downturn in the global
economy. As a result, net sales amounted to 350,604 millions of yen, a 3% decrease, operating income amounted to 10,830
millions of yen, a 23% decrease, ordinary income amounted to 8,931 millions of yen, a 16% decrease, and net income
amounted to 2,566 millions of yen, a 61% decrease from the previous consolidated fiscal year respectively.

Business Highlights for each Report Segment
The business highlights for each report segment in the consolidated fiscal year 2011 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 ofcore products, and promoting area marketing, along with streamlining sales and service systems at home to improve profit
structure, in a severe business environment where intense competition with rivals still continued while the retail industry asa major market tends to pick up.
The retail solutions business that developed business for the store automation and factory automation markets reduced
sales of automatic identification systems for manufacturing due to postponement of equipment investment, however, steady
growth in sales of POS systems for mass-sales shops and acquisition of Kokusai Chart Corporation increased sales.
The office solutions business that developed business for the office automation market gained sales as sales volume of color
MFPs increased despite a drop in sales prices and decrease in print volume.
As a result, net sales of the system solutions business increased 1% over the previous consolidated fiscal year to 169,684
millions of yen, while operating income increased 2% over the previous consolidated fiscal year to 5,865 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 appreciation of the yen and slumping global economy.
Despite steady growth of MFPs, sales in the US market decreased due to fluctuations in exchange rates.
A drop in sales of all MFPs, POS systems and automatic identification systems due to the slumping economy andfluctuations in exchange rates caused sales in the European markets to decrease.
A decline in sales of MFPs due to the downturn in each country's economy and fluctuations in exchange rates caused sales
in the emerging markets to decrease.
Sales in the Chinese and East Asia markets remained the same as the previous consolidated fiscal year since A3 MFPs
witnessed an increase in sales.
Sales of the ODM business decreased due to a decline in sales of MFPs and printers.
Expansion of the sales to major customers and acquisition of new customers increased sales of the inkjet head business.
As a result, net sales of the global solutions business decreased 7% over the previous consolidated fiscal year to 192,763
millions of yen, and operating income decreased 40% yen over the previous consolidated fiscal year to 4,964 millions ofyen.
Notes: (1) Automatic Identification (AI) Systems refer to systems, which contain hardware and software to automatically retrieve,
identify and manage data, from bar codes and IC tags.
(2) ODM refers to designing and manufacturing products with customer brand.

Key Achievements for 2011
■ No. 1 share in POS terminal market (’10) in Japan for nine consecutive years.
[Unit share of Japan market: 47%]
■ No. 1 share in A3 MFP market in China for twelve consecutive years.
[Unit share of Chinese market: 19%]
Source: “China Copier & MFP Market Report 2012 July” published by Key Research Inc. / A3 Copier & MFP
market■ Supply business enhanced by acquisition of Kokusai Chart Corporation■ Increased sales of MFPs to POS customers[Sales of MFPs for the Japanese market: 115% over the previous year]■ The multifunction peripheral that reuses paper receives the Minister of theEnvironment's FY2011 Commendation for Global Warming Prevention
Activity (Nov. 2011)3

Forecast for Fiscal Year 2012
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 economy is expected to remain on a downturn trend due to weak
exports to Europe. An increase in domestic demand in accordance with reconstruction of the Great East Japan Earthquake
may contribute to moderate economic expansion in Japan.
Under such circumstances, the Toshiba Tec Group is 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.
Major measures on a segment basis for fiscal year 2012 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
and related 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 products such as KIOSK terminals, 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 2012 are expected as follows based on the aforementioned measures:

Forecasts for fiscal year 2012
Net sales

420,000 millions of yen

Operating income

15,000 millions of yen

Ordinary income

13,000 millions of yen

Net income for the fiscal year

4,900 millions of yen

The aforementioned consolidated forecasts include the effect when Toshiba Tec Corporation completes acquisition of retailstore solution business from IBM, announced as of April 17, 2012.
The exchange rates for fiscal year 2012 are 80 yen per dollar and 105 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.

4Mid-term Business Plan
Basic Strategy(1) Realize growth through expansion of domainsi) Strengthen Retail Store Solution Business⇨ Enhance global one-stop solutionii) Differentiate in Printing Solutions⇨ Get involved in retail sector and eco solutionsiii) Go into new vertical domains⇨ Utilize core products and technology for new domain(2) Restructuring
Build profitability by reorganizing cost structure
Achievement of Goals
				(100 millions of yen)

FY2011 (Result)

FY2012 (Target)

FY2014 (Target)

Net Sales

3506

4200

5200

Operating income

108

150

320

ROS

3.1%

3.6%

6.2%

Resource Loading Plan
(1) Research & development investment plan

3 years 90,000 millions of yen(2) Capital investment/investment & loan program 3 years 38,000 millions of yen

5Consolidated Balance Sheets
March 31, 2012 and 2011

Thousands of
U.S.dollars (Note 1)

Millions of yen

ASSETS

2012

2011

2012

Cash and cash equivalents¥85,959¥92,928$1,045,857

Trade notes and accounts receivable

56,81754,527691,288

Inventories

31,75834,278386,397

Current assets

Deferred tax assets (Note 9)

6,311

7,115

76,785Prepaid expenses and other current assets

12,76013,102

155,252

Allowance for doubtful accounts(1,253)(1,330)(15,245)

Total current assets

192,352

200,620

2,340,334

Buildings and structures

28,62429,293

348,266

Machinery and equipment

33,98530,485

413,493

Tools, furniture and fixtures

50,466

51,577614,016

Land

2,568

2,760

31,245

Fixed assets
Property, plant and equipment:

Lease Assets
Less accumulated depreciation
Construction in progress

7,946

8,264

96,678(94,421)(94,116)(1,148,814)

1,360

1,264

16,54830,52829,527

371,432

16,853

19,405205,049

Intangible assets:
Goodwill
Other intangible assets

5,745

5,595

69,89922,59825,000274,948

39

39

475

Investments and other assets:
Investment securities: (Note 13)
Unconsolidated subsidiaries and affiliates

3,420

3,400

41,611

Deferred tax assets (Note 9)

Other19,50921,443

237,365

Other investments and other assets

8,233

8,624

100,170

Allowance for doubtful accounts

(243)

(61)

(2,957)30,95833,445

376,664

84,08487,972

1,023,044¥276,436¥288,592$3,363,378

Total fixed 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

2012

2011

2012

¥46,995¥43,002$571,785

1,929

10,863

23,4701

6

12

Lease liabilities

2,752

2,898

33,483

Accrued income and other taxes

1,635

3,392

19,893Current 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

48

66

584

43,814

48,427533,082

97,174

108,654

1,182,309

1

1

12

Long-term liabilities
Long-term debt (Note 3)
Lease liabilities (Note 3)

2,106

2,689

25,624

Accrued retirement benefits (Note 4)

36,40534,304442,937

Allowance for retirement benefits for directors and corporate auditors

137

192

1,667

Other long-term liabilities

881

2,233

10,719Total long-term liabilities

39,53039,419480,959

Total liabilities

136,704

148,073

1,663,268

39,971

39,971

486,324

Capital surplus

52,98652,988644,677

Retained earnings

56,46656,012

687,018(5,629)-(68,488)

Contingent liabilities (Note 5)
Shareholders' equity
Common stock
Authorized-1,000,000,000 shares
Issued- 288,145,704 shares

Less treasury stock, at cost:
13,839,000 shares in 2012
13,988,000 shares in 2011-

(5,691)-

Total shareholders' equity

143,794

143,280

1,749,531

341

224

4,149

Accumulated other comprehensive income
Unrealized holding gain (loss) on securities
Deferred gain or loss on hedges

-

(11)

-

(14,499)(13,694)(176,408)

(63)

-

(767)

(14,221)(13,481)(173,026)

113

135

1,375

10,046

10,585

122,230

Net assets

139,732

140,5191,700,110

Total liabilities and net assets¥276,436¥288,592$3,363,378

Foreign currency translation adjustments
Minimum pension liability adjustment
Total accumulated other comprehensive income
Share subscription rights
Minority interests

7

Consolidated Statements of Operations
Years ended March 31, 2012 and 2011

Thousands of
U.S.dollars (Note 1)

Millions of yen

2012

2011

2012

Net sales¥350,604¥362,302$4,265,774

Cost of sales (Note 8)

185,919

192,3222,262,063

164,685

169,980

2,003,711

153,855

155,983

1,871,943

10,83013,997

131,768

Gross profit
Selling, general and administrative expenses (Note 6 and 8)
Operating income
Non-operating income and expenses:
Interest and dividend income

419

513

5,098

Interest expense

(614)

(806)

(7,470)Restructuring cost

(824)

(591)

(10,026)

Gain on sale of investments in securities
Loss on valuation of derivative

10

5

122

(322)

(51)

(3,918)Gain (loss) on sales or disposals of property, plant and equipment

132

(243)

1,606

Foreign exchange gain or loss

(608)

(1,361)(7,397)Retirement benefit expenses

(308)

-

(3,747)-

156-

Gain on reversal of the cost related to employee transfer

588

-

7,154

Compensation

100

-

1,217

Gain on reduction of accrued retirement benefits

Loss on withdrawal from pension fund

(575)

-

(6,996)

Other, net(916)(1,448)(11,146)

Income before income taxes and minority interest

7,912

10,171

96,265Current

3,307

4,550

40,236

Deferred

2,413

(375)

29,359

Income before minority interest

2,192

5,996

26,670

Income taxes (Note 9):

Minority interest in income of consolidated subsidiaries
Net income

(374)

(514)

(4,550)¥2,566¥6,510$31,220Yen

Per share data

U.S.dollars

2012

2011

2012

Net income-Basic¥9.35¥23.71$0.114

Cash dividends

¥7.00

¥7.00

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

8

Consolidated Statements of Comprehensive Income
Years ended March 31, 2012 and 2011

Thousands of
U.S.dollars (Note 1)

Millions of yen

Income before minority interests

2012

2011

2012

2,192

5,996

26,670

Other comprehensive income-

Unrealized holding gain (loss) on securities

118

(125)

1,436

Deferred gain (loss) on hedges

12

(12)

146

Foreign currency translation adjustments(968)(6,213)(11,778)

Minimum pension liability adjustment

36

66

438

(802)

(6,284)(9,758)¥ 1,390(¥288)¥16,912

Total other comprehensive income (Note 7)
Comprehensive income(breakout)
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

9

1,909

1,385

23,227(519)(1,673)(6,315)

Consolidated Statements of Changes in Net Assets
Years ended March 31, 2012 and 2011

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
Share
Minimum
Total accumulated subscription
Unrealized holding Deferred gain or loss Foreign currencytranslation
pension liability other comprehensive
gain (loss) onrightsonhedgesadjustments
adjustment
incomesecurities

¥224
117
¥341

(¥11)
11
-

¥(13,694)(805)¥(14,499)

(81)
18
¥(63)

¥(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

Thousand of U.S. dollars

Shareholder's equity
Commonstock

CapitalsurplusRetaindearnings

Balance at April 1, 2011
$486,324
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
$486,324$644,701(24)$644,677$681,494(26,682)
31,220986$687,018

Treasurystock,
at cost$(69,242)(37)
791$(68,488)

Total
shareholder'sequity$1,743,277(26,682)
31,220986(37)
767$1,749,531

Thousand of U.S. dollars

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
Share
Minimum
Total accumulated subscription
Unrealized holding Deferred gain or loss Foreign currencytranslation
pensionliability
othercomprehensive
gain (loss) onrightson hedges
adjustments
adjustment
incomesecurities$2,725
1,424$4,149($134)
134-$(166,614)(9,794)$(176,408)

(986)
219
$(767)$(164,023)(986)(8,017)$(173,026)$1,642(267)$1,375

Minority
interests

Net assets$128,787(6,557)$122,230$1,709,683(26,682)
31,220(37)
767(14,841)$1,700,110

Millions of yen

Shareholder's equity

Balance at April 1, 2010
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2011

Commonstock

CapitalsurplusRetaindearnings¥39,971¥39,971¥52,988¥52,988¥51,392(1,924)6,510
34¥56,012

Treasurystock,
at cost¥( 5,424)(277)
10¥ 5,691

Total
shareholder'sequity¥138,927(1,924)
6,510
(277)
10
34
¥143,280

Millions of yen

Balance at April 1, 2010
Cash dividends (Note 20)
Net income for the year
Purchases of treasury stock
Retirement of treasury stock
Other, net
Balance at March 31, 2011

Accumulated other comprehensive income
Share
Unrealized holding Deferred gain or loss Foreign currency Total accumulated subscription
translation
other comprehensive
gain (loss) onrightsonhedgesadjustments
incomesecurities

¥349
(125)
¥224

¥0
(11)
¥(11)

¥( 8,672)(5,022)¥(13,694)¥( 8,323)(5,158)¥(13,481)

¥103
32
¥135

Minority
interests

Net assets¥11,985(1,400)¥10,585¥142,692(1,924)
6,510
(277)
10
(6,492)¥140,519

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Numbers of shares in issue: 288,145,704 shares in fiscal year 201010

Consolidated Statements of Cash Flows
Years ended March 31, 2012 and 2011

Millions of yen

Cash flows from operating activities
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
Accrual for retirement benefits, less payments
Interest and dividend income
Interest expense(Gain) loss on sales or disposal of fixed assets
Gain on sales of investment securities
Write down of investment securities
Retirement benefit expenses
Gain on reduction of accrued retirement benefits
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 refund
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities
Acquisitions of property, plant and equipment
Proceeds from sales of property, plant and equipment
Acquisitions of intangible assets
Acquisitions of investment securities
Acquisitions of investments in newly consolidated subsidiaries (Note 11)
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
Cash flows from financing activities
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
Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

2012

2011

2012

¥7,912¥10,171$96,265

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

13,518
(116)
1,760
(513)
806
243
(5)
41
(156)
591

(3,724)
1,849
5,084(6,646)
21,474
411
(624)
(26)
(5,068)16,167(1,735)(4,844)
2,978
3,030
25,769
513
(806)
(109)
636
(2,739)23,264

165,117
1,922
25,843(5,098)7,470(1,606)
(122)
900
3,747
(7,154)(1,217)
6,996
10,026(45,310)
22,49761,857(80,860)
261,273
5,001(7,592)(316)(61,663)
196,703(7,230)750(2,281)
(59)
43
(18)
18
(524)
(208)
(9,509)(5,579)1,161(2,371)
(190)
(979)
18
(32)
48
(8)
(7,932)(87,967)
9,125(27,753)
(718)
523
(219)
219
(6,375)(2,531)(115,696)(8,791)(6)(2,454)(5)(2,193)(15)
65(13,399)(228)(6,969)92,928(4,054)(1)(2,238)(277)(1,924)(70)
11(8,553)(2,520)4,259
88,669(106,959)(73)(29,858)(61)(26,682)(183)
791(163,025)(2,773)(84,791)
1,130,648¥85,959¥92,928$1,045,857

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 TECCORPORATION (the ”Company”) have been prepared inaccordance with accounting principles generally accepted inJapan, which are different in certain respects as to the applicationand disclosure requirements of International Financial ReportingStandards, and are compiled from the consolidated financial
statements prepared by the Company as required by the
Financial Instruments and Exchange 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 ¥82.19= US$1.00 prevailing as of March 31, 2012. 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 accountsof the Company and its majority-owned subsidiaries (together
the “Companies”). For the years ended March 31, 2012 and2011, the accounts of 53 and 58 subsidiaries are consolidated,
respectively. All significant inter-company transactions andaccounts 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 15 years.
The Company has no unconsolidated subsidiary for which
the equity method of accounting has been applied for the years
ended March 31, 2012 and 2011.
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 thatof the Company. As a result, adjustments have been made forany significant transactions as needed in consolidation that took
place during the period between the year end of the subsidiaries
and the year end of the Company.

(B) Foreign Currency Translation
Revenue and expense accounts of foreign consolidated
subsidiaries are translated into yen using the annual averagerate during 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
at their historical rates. Translation adjustments are presented

as a component of “Accumulated other comprehensive income”
under Net Assets in the consolidated balance sheets.
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 operations.

(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,
net of taxes, presented as a component of “Accumulated othercomprehensive income” under Net Assets in the consolidatedbalance sheets. Cost of securities sold is determined by themoving average method.
Non-marketable securities classified as “Other securities”
are carried at cost, which is determined by the moving averagemethod. Supplies are principally stated at the latest purchase cost
method.

(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, and by the straight-line method for theoverseas subsidiaries, at the rates based on the estimated useful
lives of the respective assets.

(G) Intangible Assets and Amortization
Intangible assets are amortized by the straight-line method overtheir estimated useful lives.
Goodwill recognized through purchase and acquisition ofsubsidiary is basically amortized by the straight-line method
over 5 to 15 years period.
The useful lives of principal property, plant and equipment aresummarized as follows:
Buildings and structures15 to 38 years
Machinery and equipment 5 to 13 years
Tools, furniture and fixtures 1 to 6 years

12(H) Leases(N) Consumption taxes

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.

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

(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 thepast.

(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 noncontributory tax-qualified pension plans (the ”Funded Plan”)
for employees’ severance indemnities payable, as part of theexisting 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
the assets 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.

13(O) Derivative Financial Instruments
The Company and certain subsidiaries have entered into
forward exchange contracts to hedge the risk of fluctuationin exchange rate in the foreign currency transactions related
to accounts receivable and payable denominated in foreign
currency.
Derivative financial instruments are reported at fair value
with unrealized gain or loss, charged or credited to operations,
except for those which meet the criteria for the deferral hedge
accounting under which unrealized gains or losses is deferred
as assets or liabilities. Receivables and payables hedged byqualified forward foreign exchange contracts are translated at thecorresponding foreign exchange contract rates.

(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 are reviewed
for impairment at least once a year and whenever events orchanges in circumstances indicate that the carrying amount of anasset may not be recoverable.

(R) Change in Presentation (Consolidated Statementof Operations)
Effective for the year ended March 31, 2012, the amount of theloss on valuation of derivative, included and presented in “theother” on non-operational expenses for the year ended March
31, 2011, exceeded the total non-operational expenses by 10%,
it is presented as “loss on valuation of derivative”. To reflect thischange in presentation, Consolidated Statement of Operationsof the previous year is reclassified. For Consolidated Statementof Operations of the previous year, the loss on valuation ofderivative presented in “the other” on non-operational expenses,¥51 millions is reclassified as “loss on valuation of derivative”,
which results in ¥1,828 millions for “the other” and ¥1,880
millions in total(S) Additional Information
Effective for the year ended March 31, 2012, the Company
and its domestic subsidiaries adopted “Accounting Standard
regarding correction of accounting changes and errors”(Accounting Standards Board of Japan (ASBJ) statement No.24,
issued on December 4, 2009) and “Guideline of AccountingStandard regarding correction of accounting changes and errors”(ASBJ Guideline No.24, issued on December 4 ,2009)

3. Short-Term Loans and Long-Term Debt
The average interest rate for short-term loans outstanding at
March 31, 2012 and 2011 is 0.62 % and 0.75%, respectively.
The long-term debt (including lease liabilities) at March 31,
2012 and 2011, consists of the following :Thousands of
U.S.dollars

Millions of yen

2012

2011

2012

Long-term debt:
Due serially through 2014, with interest
rate of 3.72%¥2
Less current portion
1
¥1

¥7
6
¥1

$24
12
$12

¥5,587
2,898¥2,689$59,10733,483$25,624

Lease liabilities
Less current portion¥4,8582,752¥2,106

The aggregate annual maturities of long-term debt (excluding
the current portion) outstanding at March 31, 2012 are as
follows:
Year ending
March 31

2014

Millions of yen

1¥1

Thousands of
U.S.dollars

12$12

The aggregate annual maturities of lease liabilities (excluding
the current portion) outstanding at March 31,2012 are as follows:Year ending
March 31201420152016 and thereafter

Millions of yen

Thousands of
U.S.dollars

529
526
1,051
¥2,1066,436
6,400
12,788$25,624

4. Retirement Benefits
The Company and its domestic subsidiaries have defined
benefit plans,i.e., the Funded Plans and the lump-sum payment
plans, covering substantially all employees who are entitledto lump-sum or annuity payments, the amounts of which are
determined by reference to their basic rates of pay, length ofservice, and the conditions under which termination occurs.
TOSEI ELECTRIC CORPORATION and TEC APPLIANCE
CO.,LTD., however, withdrew from the "Shizuoka Metalworking
Industrial Welfare Pension" and "Toshiba Corporation Pension
Fund" which they were belong to, respectively. Also, the former
company(stock company surviving absorption-type merger)
and the latter company(Procedures for a company absorbed inabsorption-type merger) merged together and changed its tradename to "TOSEI CORPORATION".
The following table sets forth the funded status of the plans,
and the amounts recognized in the consolidated balance sheets asof March 31, 2012 and 2011 for the Companies' defined benefit
plans:

Thousands of
U.S.dollars

Millions of yen

Retirement benefit obligation
Plan assets
Unfunded retirement benefit obligation
Unrecognized actuarial gain or loss
Unrecognized past service cost
Net amount recognized in the
consolidated balance sheet
Accrued retirement benefit obligation

2012

2011

2012

¥(89,025)
36,890(52,135)
11,6304,100¥(80,804)
36,133(44,671)
5,247
5,120

$(1,083,161)
448,838(634,323)
141,501
49,885(36,405)¥(36,405)(34,304)¥(34,304)(442,937)$(442,937)

The components of retirement benefit expenses for the years
ended March 31, 2012 and 2011 are as follows:
Thousands of
U.S.dollars

Millions of yen

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

2012

2011

2012

¥3,475
1,441
(785)
1,539
1,078
¥6,748¥3,455
1,492(1,238)
1,422
1,210¥6,341$42,280
17,533(9,551)
18,724
13,116$82,102

1) 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, 2012 and 2011 were ¥70 millions ($852 thousands)
and ¥236 millions, respectively.
2) Retirement benefit expenses of subsidiaries which adopt
simplified method are recorded as "service cost".
3) The infuluence on changes of calculation method from
simplified method to principle method concerning retirement
benefit obligation of parts of domestic subsidiaries is ¥308
millions ($3,747 thousands)
4)Loss on withdrawal from pension fund of parts of domestic
subsidiaries is recored as extraordinary loss, which amounted¥575 millions ($6,996 thousands)
The assumption used in accounting for the above plans for theyears ended March 31, 2012 and 2011 are as follows:
2012

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

2011

Mainly 1.2%
Mainly 2.0%
Mainly 2.5%
Mainly 4.0%
10 years Straight-line method 10 years Straight-line method
10 years Straight-line method 10 years Straight-line method

One company of the domestic companies joined a multiemployer
defind benefit pension plans.
Information on such fund as of and for the year ended March
31, 2011 is as follows:
Reserve position of whole plan

Millions of yen

amount of pension assets¥67,950
amount of benefit obligation on pension financing
84,142amount of balance¥(16,192)
Percentage of our required contribution to total institution

1.3%

14

Main factor of above amount of balance is amortization of
past service cost (¥12,132 millions) and lack of amount carriedforward (¥4,060 millions).
Amortization period of past service cost is 20 years, using thestraight-line method.

5. Contingent liabilities
Millions of yen

Thousands of
U.S.dollars

2012

2011

2012

¥412
448

¥411
504

$5,013
5,451

6. Selling, General and Administrative
ExpensesMajor components of selling, general and administrative
expenses for the years ended at March 31, 2012 and 2011 are as
follows:
Millions of yen

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

Thousands of
U.S.dollars

2012

2011

2012

¥6,303
1,475
84,773
1,523
16,3086,027¥6,246
1,432
85,3801,627
16,451
7,909$76,688
17,946
1,031,427
18,530
198,418
73,330

7. Consolidated Statements ofComprehensive Income
Consolidated Statements of Comprehensive Income for theyear ended March 31, 2012, consists of the following :Millions of
yen
2012

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

¥165
(¥10)
¥154
(¥36)
¥118

Unrealized holding gain (loss) on securities
Amount of accrual
The 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

15(¥968)

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

¥60
(24)
¥36

Total other comprehensive income

Contingent liabilities at March 31,2012 and 2011 are as follows :Trade notes receivablediscounted or endorsed
Guarantees on employees' bank loans

Foreign currency translation adjustments(¥1,213)
246
(968)
-

8.

(¥802)

Research and Development Expenses

Research and development costs charged to income for theyears ended March 31, 2012 and 2011 are as follows:
Thousands of
U.S.dollars

Millions of yen

2012

2011

2012

¥20,353¥23,203$247,634

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 2012 and 2011.
1. Significant components of the Companies' deferred tax assets
and liabilities for the years ended March 31, 2012 and 2011
are as follows:
Thousands of
U.S.dollars

Millions of yen

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

2012

2011

2012

¥12,863
6,677
2,778

¥13,289
7,974
2,904

$156,503
81,23933,800

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

1,353
5,972
31,492(2,489)29,003

13,42055,408340,370(16,328)
324,042

461

241

5,609

178
379
1,018
¥25,615

147
188
576
¥28,427

2,166
4,611
12,386$311,656

Net deferred tax assets are included as below on consolidatedbalance sheet for the years ended March 31, 2012 and 2011.
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

2012

2011

2012

¥6,311¥7,115$76,785

19,50921,443

237,365

-

(132)

-

204

-

2,482

2. Difference between Statutory tax rate and Company's effective
tax rate
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
Downward revision of deffered tax
asset by changes in tax rate
Amortization of goodwill of foreignsubsidiaries
Other, net
Effective tax rates

2011(B) Operating Lease as a lessee
Future minimum lease payments for noncancelable operatingleases are summarised as follows:
Millions of yen

40.6%(12.1)

-

2.2

-

(5.4)

(4.3)

-

Due within one year
Due after one year

Thousands of
U.S.dollars

2012

2011

2012

¥367
422
¥789

¥361
400
¥761

$4,4655,135$9,600(C) Finance Lease as a lessor
1. Details of investment lease

28.9
21.1

-

1.3
72.3%

-

*There is no significant difference between the statutory tax
rate (40.6%) and the Company's effective tax rate for the year
ended March 31, 2011.
3. Influence by changes of corporation tax rate
“Partial amendments of income tax law purposed for rebuilding
system of taxation corresponding to changes in economic
and social structure” and “Special measures law concerning
reserving source of tax necessary for executing the policy forrecovery from Great East Japan Earthquake” were proclaimedon December 2, 2011 and effective for the year starting April 1,
2012, decrease corporation tax rate and impose special corporate
tax for reconstruction. Along with that, effective statutory tax
rate used to calculate deferred tax asset and deferred tax liabilitychanges from 40.64% to 37.97% regarding expected reversal of
temporary difference for the effective year starting April 1, 2012
and 35.60% for the effective year starting April 1, 2015. By thischange of tax rate, net amount of deferred tax asset decreasesby ¥2,261 millions ($ 27,509 thousands) and income taxes
adjustment increases by ¥2,288 millions ($ 27,837 thousands).

10. Leases(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 Standards for Lease
Transactions" and "Implementation Guidance for
Accounting Standards for Lease Transactions", which havebeen adopted from the consolidated fiscal year beginning
April 1, 2008, depreciation of assets 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.

1-1) Investment lease current assets
Lease revenues receivable
Interests receivable1-2) Investment lease - others
Lease revenues receivable
Interests receivable

Millions of yen

Thousands of
U.S.dollars

2012

2011

2012

¥132
(7)
¥125

¥1,375(130)¥1,245$1,606(85)$1,521¥1,554(88)¥1,466¥2,069(196)¥1,873$18,907(1,070)$17,8371-3) Expected collect amounts of lease revenues receibable are as follows:
Within one year¥132
¥1,375$1,606
Between 1 to 2 years
959
1,375
11,668Between 2 to 3 years
426
694
5,183
Between 3 to 4 years
147
1,789
Between 4 to 5 years
22267
More than 5 years
00¥1,686¥3,444$20,513(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

Thousands of
U.S.dollars

2012

2011

2012

¥422
1,022
¥1,444¥734
1,259¥1,993$5,134
12,435$17,56916

(E) Other related information

payables denominated in foreign currencies.

Future minimum lease payments for noncancelable operating
sub-leases are summarised as follows:
Thousands of
U.S.dollars

Millions of yen

Lease revenues receivable
Current assets
OthersInvestment lease
Current assets
OthersLease expenses payable
Current liabilities
Fixed liabilities

2012

2011

2012

-

-

-

¥655
344
¥999

¥730
889
¥1,619$7,9694,185$12,154

¥655
344
¥999

¥730
889
¥1,619$7,9694,185$12,154

11. Consolidated Statements of Cash FlowsThe content of important non-cash transaction
The impact of non-cash transactions on assets and liabilities
under finance lease is ¥2,237 millions ($27,217 thousands) and¥2,230 millions ($27,132 thousands) for the year ended March
31, 2012 and ¥3,045 millions and ¥2,973 millions for the year
ended March 31, 2011, respectively.

12. Financial Instruments
For the year ended March 31, 2011
Overview
1. Policy for financial instruments
The Companies raise funds mainly using Toshiba Group
Finance program. Esentially the Companies use the program inexcess funds the Companies have temporary. 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,
the Companies are exposed to foreign currency exchange
rate fluctuation risk arising from receivables denominated inforeign currencies. In principle, the foreign currency exchangerisks deriving from the trade receivables denominated inforeign currencies, net of trade payables denominated in thesame currencies, are hedged by forward foreign exchange
contracts.
Investment securities are exposed to market risk. These areshare of stock related on our business.
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 account receivable of the same currency.
Regarding derivatives, the Companies enter into forward
foreign exchange contracts to reduce the foreign currency
exchange rate fluctuation risk arising from the receivables and17

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 15 Derivative
Transactions are not indicative of the actual market risk
involved in derivative transactions.

Estimated Fair Value of Financial Instruments
The carrying value of financial instruments in the consolidatedbalance 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- time loans(1,929)(1,929)(f) Derivative transactions *2

(364)

(364)

difference-

56,817

-

-

-

-

-

-

Other marketablesecurities with maturities

-

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

$1,737,145

-

-

-

(23,470)-(f) Derivative transactions *2(4,429)(4,429)-Allowance for doubtful accounts provided for individual customers are deducted.
The value of assets and liabilities arising from derivatives is shown at net value.
The liability position is shown in parenthesis.

Note: 1. Method to determine the estimeted fair value of financial instruments and other mattersrelated to securities and derivative transactions
Cash and cash equivalents, Trade notes and accounts receivable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
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.
Short-term loans, Trade notes and accounts payable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
Derivatives transactions
Refer to Note 14 Derivative Transactions
2. Financial instruments for which it is extremely difficult to determinie the fair value

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
31,2012Due after
Ten Years

Cash and cash equivalents¥85,959---

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

56,817

-

-

-

Total

Effective for the year ended March 31, 2011, a new accounting standard for financial instruments
and related implementation guidance have been adopted.

For the year ended March 31, 2011
Estimated Fair Value of Financial Instruments
The carrying value of financial instruments in the consolidatedbalance sheet as of March 31, 2011, 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¥92,928¥92,928-

Allowance for doubtful
accounts *1(1,295)53,232

53,232-securities and(c) Marketable
investment securities

1,593

1,593

-

notes and accounts(d) Tradepayable(43,002)(43,002)-(e) Short- time loans(10,869)(10,869)

-

(42)

(42)

-

(f) Derivative transactions *2
*1
*2
*3

-

-

-

-

-

-

-

-

Other marketablesecurities with maturities

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

¥142,776---

difference

54,527

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

Note: 1. Method to determine the estimeted fair value of financial instruments and other mattersrelated to securities and derivative transactions
Cash and cash equivalents, Trade notes and accounts receivable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
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 14 Securities.
Short-term loans, Trade notes and accounts payable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
Derivatives transactions
Refer to Note 15 Derivative Transactions
2. Financial instruments for which it is extremely difficult to determinie the fair value

Unlisted stocks

Corporate bonds

Total

-

-

(23,470)

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

-

-

-

(e) Short- time loans

Due in One
Year or Less

-

-

-

-

$20,258-

691,288--¥1,665$1,045,857

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

Millions of yen

Cash and cash equivalents--

Unlisted stocks

Due after
Ten Years-(a) Cash and cash equivalents $1,045,857 $1,045,857
notes and accounts 691,288(b) Trade
receivable
Allowance for doubtful (13,481)
accounts *1
677,807
677,807
securities and21,84021,840(c) Marketable
investment securities
notes and accounts (571,785) (571,785)(d) TradepayableThousands of
U.S. dollars

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

Corporate bonds

Thousands of U.S. dollars
consolidated
estimatedbalance sheet
fair value
differene

*1
*2
*3

Due in One
Year or Less

Millions of yen

Thousands of
U.S. dollars¥1,848$22,225

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.

183. Redemption schedule for receivables and marketable securities with maturities at March
31, 2011

Due in One
Year or Less

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

Due after
Ten Years

Cash and cash equivalents¥92,928---

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

54,527---

14. Derivative Transactions
1. Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2012 and 2011, for which hedged accounting
has not been applied.

Transaction outside the market
Currency-related transactions

Corporate bonds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

¥147,455---

Millions of yen
2012

Other marketablesecurities with maturities
Corporate bonds
Other

Total

13. Securities
1. Information regarding marketable Other Securities as ofMarch 31, 2012 and 2011 are as follows:

¥512
(48)
¥464

Thousands of U.S.dollars

2012
Acquisition cost

Unrealized gain (loss)

Securities whose carrying value exceeds their acquisition cost:
Stocks$19,735$11,437
Securities whose acquisition cost exceeds their carrying value:
Stocks
2,105
2,506
Total
$21,840$13,943$8,298(401)$7,897

2. The proceeds from sales of securities, except those of theaffiliated companies, for the years ended March 31, 2012 and2011 were ¥31 millions ($378 thousands) and ¥16 millions,
respectively. The realized gains on those sales for the years
ended March 31, 2012 and 2011 were ¥10 millions ($123
thousands) and ¥5 millions, respectively.
3. Information regarding non-marketable securities as of March
31, 2012 and 2011 is as follows.
Thousands of
U.S.dollars

Millions of yen

2012

2011

Carrying value

Other securities
Unlisted stocks
OthersTotal

19¥1,665¥1,665Maturing Maturing
within after one
one year
year

Contract amout

Fair
value

UnrealizedGain(Loss)

¥(42)
0
(¥42)

¥(42)
0
(¥42)

Maturing Maturing
within after one
one yearyear

Forwardforeignexchange
contracts

Sell:
EUR
CAD
AUD
Total

- ¥(361) ¥(361)(3)(3)- ¥(364) ¥(364)¥6,21238¥6,2502011
Carrying Acquisition Unrealized
value
cost
gain (loss)

Securities whose carrying value exceeds their acquisition cost:
Stocks¥1,622¥940¥682 ¥1,315¥803
Stocks
173
206
(32)
278
326
Total
¥1,795 ¥1,146¥650 ¥1,593 ¥1,129

Carrying value

UnrealizedGain(Loss)¥1,7295¥1,734-*Calculation of fair value is based on the value from financial institutions.

Millions of yen

2012
Carrying Acquisition Unrealized
value
cost
gain (loss)

2011
Fair
value

Contract amout¥1,848¥1,8482012
Carrying value$20,258$20,258

Thousands of U.S. dollars
2012
Fair value

UnrealizedGain(Loss)$(4,392)(37)$(4,429)$(4,392)(37)$(4,429)

Contract amout
Maturing
within one year

Maturing
after one year

Forward foreignexchange contracts

Sell:
EUR
CAD
AUD
Total

$75,581462$76,043-*Calculation of fair value is based on the value from financial institutions.

2. Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2012 and 2011, for which hedged accounting
has been applied.

Currency-related transactions(1) Net deffered profits on hedges,accounted for as part ofaccounts receivable
Millions of yen
2012
Contract amout

2011
Fair value

Maturing Maturing
within one after one
year
year

Contract amout

Fair value

Maturing
within one
year

Maturing
after one
year

¥656
78
¥734

-

Forward foreignexchange contracts

Sell:
EUR
AUD
Total

¥¥-

-

$-

*Calculation of fair value is based on the value from financial institutions.

¥(16)
(2)
(¥18)

Thousands of U.S. dollars
Contract amout
Maturing
within one year

2012

Fair value

Maturing
after one year

Forward foreignexchange contracts

Sell:
EUR
AUD

$$-

Total

-

$-

*Calculation of fair value is based on the value from financial institutions.

(2) Forward foreign exchange contracts, accounted for as part ofaccounts receivable
Millions of yen
2012

2011

Contract amout

Fair value

Maturing Maturing
within one after one
year
year

Contract amout
Maturing
within one
year

Fair value

Maturing
after oneyear

Forward foreignexchange contracts

Sell:
CAD
AUD
Total

¥352
476
¥828

-

¥(18)
(31)
¥(49)

¥168
83
¥251

-

¥(3)
(2)
¥(5)

*Calculation of fair value is based on the value from financial institutions.
Thousands of U.S. dollars
2012
Contract amout
Maturing
within one year

Fair value

Maturing
after one year

Forward foreignexchange contracts

Sell:
CAD
AUD
Total

$4,283
5,791$10,074-

Thousands of
U.S.dollars

Millions of yen

2012$(219)(377)$(596)*Calculation of fair value is based on the value from financial institutions.

15. Segment Information(A) Business Segment for the years ended in March
31, 2012 and 2011

Net Sales
System Solutions Business Group
Unaffiliated customers¥167,911
Intersegment
1,773
Total
169,684
Global Solutions Business Group
Unaffiliated customers
182,693
Intersegment
10,070
Total
192,763
Adjustments(11,843)
Consolidated¥350,604

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 1.

2012¥164,987
2,491
167,478$2,042,961
21,572
2,064,533

197,3169,830
207,146(12,322)¥362,302

2,222,813
122,5212,345,334(144,093)$4,265,774

Segment Income
System Solutions Business Group
Global Solutions Business Group
Consolidated¥5,865
4,965¥10,830¥5,741
8,256¥13,997$71,359
60,409$131,768

Segment Assets
System Solutions Business Group
Global Solutions Business Group
Adjustments
Consolidated¥69,035
147,650
59,751¥276,436¥68,752
152,677
67,163¥288,592$839,944
1,796,447
726,987$3,363,378

Depreciation
System Solutions Business Group
Global Solutions Business Group
Consolidated¥2,735
8,304¥11,039¥2,684
8,243¥10,927$33,277
101,034$134,311

Amortization
System Solutions Business Group
Global Solutions Business Group
Consolidated

¥199
2,333
¥2,532¥35
2,555¥2,590$2,421
28,385$30,806

Capital Expenditures
System Solutions Business Group
Global Solutions Business Group
Consolidated¥2,205
9,962¥12,167¥2,952
8,920¥11,872$26,828
121,207$148,035

Note1:
				
Note2:

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 early realization of business expansion andthe positional establishment as total solution provider,
the Companies create inclusive strategies per market anddevelop business activity under a framework for business
operation per market. Therefore, the Companies report on"System Solutions Business Group"and "Global Solutions
Business Group" as a reportable segments.

2011

Adjustments of Net Sales for the years ended March 31, 2012 and 2011 areintersegments elimination, and ¥11,843 millions ($144,093 thousands) and ¥12,322
millions, respectively.
Adjustments of Segment Assets are Corporate assets ,and consist of cash and cash
equivalents and investment securities.
Adjustments of Segment Assets at March 31, 2012 and 2011 are ¥59,751 millions($726,986 thousands) and ¥67,163 millions, respectively.
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
the year ended in March 31, 2012
Millions of yen

Net sales of Retail
Net sales of MFP

Thousands of
U.S.dollars

2012

2011

2012

¥192,402
158,202¥350,604¥186,234
176,068¥362,302$2,340,942
1,924,833$4,265,774

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 heads20

2. Information by geographical area
Millions of yen

Thousands of
U.S.dollars

2012

2011

2012

¥177,158
67,62873,77532,043¥350,604¥193,885
62,87373,00132,543¥362,302$2,155,469
822,825
897,615
389,865$4,265,774¥13,752
6,800
6,049
3,927
¥30,528¥14,891
3,740
6,820
4,076
¥29,527$167,320
82,73573,59847,779$371,432

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 closeness(2) Countries & Areas
1 American States
U.S.A., Canada, Mexico, Puerto Rico, Panama, Venezuela,
Brazil, Chile
2 Europe
U.K., France, Germany, Belgium, Spain, Netherlands,
Sweden, Norway, Denmark,Finland, Switzerland, Poland
3 Asia and Others
Singapore, Malaysia, Indonesia, China, Australia, Korea
3. Information by major customer
the year ended in March 31, 2012
There are no customers whom the Companies sell it to morethan 10% of total sales.
the year ended in March 31, 2011
There are no customers whom the Companies sell it to morethan 10% of total sales.
4. Information on impairment loss in fixed assets be businesssegument
the year ended in March 31, 2012
No events to be noted for this purpose.
the year ended in March 31, 2011
No events to be noted for this purpose.

Millions of yen

Thousands of
U.S.dollars

2012
2011
Balance at endof period

2012
Balance at endof period¥682
16,171¥16,853¥882
18,523¥19,405$8,298
196,751$205,049

For the amount of amortization of goodwill, it is omitted as it isdisclosed in "Segment Information"21

the year ended in March 31, 2011
No events to be noted for this purpose.

16. Stock Option Plan
Stock option for the years ended March 31, 2012 and 2011 are
as follows:

The Year ended March 31, 2012
1. The amount and the accounting subject in relation to thestock option in the fiscal year 2011 Selling, General and
Administrative Expenses: ¥40 millions ($ 486 thousands).
2. The size of stock option and its circumstances
1) General information
The first new share subscription rightas share-reward type stock option
Qualified beneficiaries

18 of the Company directors and corporate
officers

Type of shares for which new
subscription rights offered

83,000 shares of Common stock

Date of issuanceAugust 1, 2008

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From August 2, 2008 to August 1, 2038
The second new share subscription rightas share-reward type stock option

Qualified beneficiaries

17 of the Company directors and corporate
officers

Type of shares for which new
subscription rights offered

169,000 shares of Common stock

Date of issuance

July 31, 2009

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From August 1, 2009 to July 31, 2039
The third new share subscription rightas share-reward type stock option

Qualified beneficiaries

17 of the Company directors and corporate
officers

Type of shares for which new
subscription rights offered

134,000 shares of Common stock

Date of issuance

July 30, 2010

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From July 31, 2010 to July 30, 2040
The third new share subscription rightas share-reward type stock option

5. Information on amortization of goodwill and unamortizedbalance by business segment
the year ended in March 31, 2012

System Solutions Business Group
Global Solutions Business Group
Consolidated

6. Information on negative goodwill by business segment
the year ended in March 31, 2012
No events to be noted for this purpose.

Qualified beneficiaries

17 of the Company directors and corporate
officers

Type of shares for which new
subscription rights offered

128,000 shares of Common stock

Date of issuanceAugust 2 , 2011

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From August 3, 2011 to August 2, 2041

(Note) 1.
2.

The amount is converted into the number of shares.
Fixed term of the right is not given.
Subscription rights may be exercised in a lump sum within expiration cycle and 10
days after a beneficiary resigns from directors or corporate officers.

2) The size of stock option and movement
Addressed is the amount of stock option existing as of March
31, 2012.
As for the number of stock option, it is converted into thenumber of shares.
2)-1. The number of stock option
The forth
The third
The second
The first
new share
new share
new share
new share
subscription subscription subscription subscription
right asright asright asright asshare-reward share-reward share-reward share-reward
type stock
type stock
type stock
type stock
optionoptionoptionoptionBefore the resolution
End of the preceding term

-

-

-

128,000

Offered---Cancelled

-

-

-

-

Vested---128,000

Outstanding

-

-

-

-

62,000151,000

134,000

-

-

-

-

128,000

Exercised

30,00073,00057,000-Cancelled

-

-

-

-

32,00078,00077,000128,000

17. Business Combination
Not applicable

18. Asset Retirement Obligation
Not applicable

19. Transactions with Related Parties
1.Transactions with Related Parties(A) Transactions with Related Parties for the year
ended March 31, 2012.
(¥=Million, US$=Thousand)StatusName

Address

Capital(Millions of yen)

After the resolution
End of the preceding term
VestedOutstanding2)-2. Per share data
The forth
The third
The second
The first
new share
new share
new share
new share
subscription subscription subscription subscription
right asright asright asright asshare-reward share-reward share-reward share-reward
type stock
type stock
type stock
type stock
optionoptionoptionoptionExercised price
¥1
¥1
¥1
¥1
($0.01)($0.01)($0.01)($0.01)
The average price
¥345
¥347
¥347
at the time of exercising($4.198)($4.222)($4.222)
Official price at the date
¥560
¥393
¥307
¥316
of offered($6.813)($4.782)($3.735)($3.845)

Parentcompany

Toshiba
Corporation

Business
Relationship

Sales of ourinterlocking of products anddirectors
Deposit offundTransactions

Transaction
Balance at
Account item
Amounts
Fiscal Year End(Millions of yen)

Deposit offund

Cash and Cashequibalent,
Accuredinterst,Interst income

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)
Name

Address

1) The evaluation method used: Black–Scholes method
2) General information and the method of estimation
The first new share subscription rightas share-reward type stock option
Stock market volatility (Note 1)

32.1%

Estimated residual period (Note 2)

2.2 years(Note) 1.
2.
3.
4.

*1

¥58,593$(712,897),¥2$(24),¥134$(1,630)

With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1: Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

StatusRisk-free rate (Note 4)

Manufacturing
and sales of
Degital Products
direct: 52.9%
and Electronic
indirect: 0.1%
devices and Social
Infrastructure andHome Appliances¥439,901$(5,352,245)

3. The evaluation of fair price of stock option

Estimated dividents (Note 3)

Percentage of voting
rights owned (%)

Minato-ku,
Tokyo

Relationship
Dispatch of
executive
officers, etc.

Business¥7 ($0.09) per share
0.17%

The forth: The figure is calculated based on actual share data from May 11, 2009 up
to the week of offered.
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.
The forth: The estimated figure is based on the actual dividend amount at March 31,
2011.
Estimated capitalisation cycle of government bond is in accordance with estimatedaccumulated period

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

Capital(Thousands ofSingapore
dollars)

Business

Percentage of voting
rights held (%)

None

Toshiba
Singapore
Pte.,Ltd.

Singapore

S$11,600

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

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

Transactions

Transaction
Amounts(Millions of yen)Account item

Balance at
Fiscal Year End

Sales of our
products

Sales of document
processing andtelecommunicationequipments, etc.

¥6,895

Account
receivable¥2,368$(28,811)

Subsidiaryof the parent
company

NoneWith regard to the amounts above, Transaction Amounts 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.

22(¥=Million, US$=Thousand, S$=Thousand)CapitalBusiness

Percentage of voting
rights held (%)

Financingof corporate
subsidiaries
overseas etc.

None

Transactions

Transaction
Amounts(Millions of yen)Account item

Balance at
Fiscal Year End

Deposits of
funds

*1

Cash and Cashequivalents,
interest
income¥5,799$(70,556),
¥3
$(37)

StatusName

Address(Thousands ofSingapore dollars)

Subsidiaryof the parent
company

Toshiba
Capital (Asia)
LTD.

Singapore

S$4,000

Relationship
Dispatch of
Business
executive
Relationshipofficers.
Deposits of
funds

None

With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement 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)StatusName

Address

Subsidiary
ToshibaLondon, UKof the parent
International
company
Finance (UK) Plc.
Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.
Deposits of
None
funds

Capital(Thousands ofsterling pounds)

Business

GBP 5,000

Financingof corporate
subsidiaries
overseas etc.

None

Transactions

Account item

Balance at
Fiscal YearEnd

Deposits of
funds

*1

Cash and Cashequivalents¥1,559($18,968)

With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement 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) Transactions with Related Parties for the year
ended March 31, 2011.
(¥=Million, US$=Thousand)StatusParentcompanyName

Toshiba
Corporation

Address

Minato-ku,
Tokyo

Relationship
Dispatch of
executive
officers, etc.

Business
RelationshipTransactions

interlocking of
directors

Deposit offund

Deposit offund¥439,901

Business

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

Cash and Cashequibalent,
Accuredinterst,Interst income¥65,102¥7¥227With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
With regard to the amounts above, the amounts include the transaction amount with Toshiba
Capital Corporation. Toshiba Capital Corporation was merged into by Toshiba Corporation
at October 1, 2010.
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

Name

Address

Business

Percentage of voting
rights held (%)

None

Toshiba
Singapore
Pte.,LtdSingapore

S$11,600

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

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

Transactions

Transaction
Amounts(Millions ofyen)Account item

Balance at
Fiscal YearEnd

Sales of our
products

Sales of document
processing andtelecommunicationequipments, etc.

¥8,579Trade notes
and accountreceivable¥2,819Subsidiaryof the parent
company

NoneWith regard to the amounts above, Transaction Amounts 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.
(¥=Million, US$=Thousand, S$=Thousand)CapitalBusiness

Percentage of voting
rights held (%)

S$ 4,000Financing ofcorpotrate
subsidiaries
overseas etc.

None

Transactions

Transaction
Amounts(Millions ofyen)Account item

Balance at
Fiscal YearEnd

Deposits of
funds

*1

Cash and Cashequivalents,
Interest
incomeStatusName

Address(Thousands ofSingapore dollars)

Subsidiaryof the parent
company

Toshiba
Capital(Asia)
LTD.

Singapore

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.
Deposits of
funds

None

¥6,485¥17

With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement 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.

Percentage of voting
rights owned (%)

Transaction
Balance at
Account item
Amounts
Fiscal Year End(Millions of yen)*1

StatusPercentage of voting
rights held (%)

Transaction
Amounts(Millions of yen)

Capital(Millions of yen)(¥=Million, US$=Thousand, S$=Thousand)Capital(Thousands ofSingapore dollars)(¥=Million, S$=Thousand, GBP=Thousand)StatusName

Address

Capital(Thousands ofsterling pounds)

Business

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
International
Finance(UK)Plc.

London,UK

GBP 5,000

Financingof corporate
subsidiaries
overseas etc.

None

Transactions

Transaction
Amounts(Millions ofyen)Account item

Balance at
Fiscal YearEnd

Deposits of
funds

*1

Cash and Cashequivalents¥2,934

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.
Deposits of
None
funds

With regard to the amounts above, Transaction Amounts and Balance at Fiscal Year End don't
include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement 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
affiliated companies

21. Per share Information

Information on the parent company
Toshiba Corporation (listed on Tokyo Stock Exchange, Osaka
Securities Exchange, Nagoya Stock Exchange, London Stock
Exchange)

Per share information at March 31, 2012 and 2011 are as follows:

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

Yen

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

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

Type ofsharesBoard ofCommondirectors held on
stock
April 28, 2011
Board of directors
Commonheld on November
stock
2, 2011

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

(yen)

¥1,370¥5.0March 31, 2011

June 1, 2011

¥3.0

Septemer 30,
2011

December 1,
2011

¥823

Total amountof dividends

Dividends
per share

Record date Effective date(Thousands of
U.S.dollars)(U.S.dollars)$16.669$0.06

March 31, 2011

June 1, 2011$10.013$0.04

Septemer 30,
2011

December 1,
2011(2) Year end dividends of the following fiscal year
(resolution)

Type ofsharesBoard ofdirectors
held on April
27, 2012

Commonstock

Total amountof dividends(Millions of yen)

¥1,097

Dividend
resource

Retainedearnings

Dividends
per share Record date Effective date

¥4.0

March 31, 2012

June 1, 2012

(1) Cash dividends paid
Type ofsharesBoard ofdirectors
Commonheld on April 28, stock2010
Board of directors
Commonheld on Octoberstock
28, 2010

Total amountof dividends(Thousands of
U.S.dollars)(U.S.dollars)

Dividends
per share

Record date Effective date

¥1,375¥5.0

March, 31, 2010 June 1, 2010

¥548

¥2.0

Septemer, 31,
2010

December 1,
2010(2) Year end dividends of the following fiscal year
(resolution)

Type ofsharesBoard ofdirectors
Commonheld on April 28, stock
2011

Total amountof dividends(Millions of yen)

¥1,371Dividend
resource

Retainedearnings¥473.44
23.71
23.68

$5.7470.114
0.114

Thousands of
U.S.dollars

Net income per share
Net income¥2,566
Amounts not attributable tocommon stock
Net income attributable tocommon stock
2,566
Average number of sharesof common stock during theperiod (thousand shares)
274,274
Net income per share fully diluted
Adjustment to net income
Increase in number ofcommon stocks (thousand
shares)305(Share subscription rights)
305
Outline of the residual
securities excluded fromthe calculation of the fully
diluted net income per sharebecause they have no dilutive
effects.

2011

2012

¥6,510$31,220

6,510$31,220274,541
-

-

307
307

-

(yen)

(B) Cash dividends for the year ended March 31, 2011

(resolution)

2012¥472.36
9.35
9.34

2012

(1) Cash dividends paid
Type ofshares

2011

Millions of yen(A) Cash dividends for the year ended March 31, 2011
(resolution)

U.S.dollars

2012

Dividends
per share Record date Effective date
(yen)

¥5.0

March, 31, 2011 June 1, 2011

22. Subsequent Event
Transfer of Business
The Company reached an agreement at the meeting of board of
directors held on April 17, 2012, to take over retail store solution
business from IBM, effective on the same day.
The Company plans to establish new companies to transfer
business in each countries, and its holding company in Japan,
and start business.
Considering smooth business transfer, for certain period oftime after the completion of the transfer, the Company shall hold80.1% share of the holding company while IBM holds 19.9%
share. The Company plans to make the holding company of its
subsidiary after certain period of time.
(1) Company name and its content of business
The name: International Business Machines Corporation
The address: New Orchard Road, Armonk, New York 10504,
USA
The representative: Virginia M. Rometty
President and Chief Executive Officer
Amount of stated capital: $48,129 millions (About ¥3,850
billions) *The content of business: Hardware through IT and integrated
solution (system & technology), software, service, andconsulting etc*exchange rate to calculate is $1 = ¥80, applied below as well.

24

(2) The content of business to be transferred
Development, sale, and maintenance service pertaining toretail store solution business(3) Purpose of business transfer
By transferring retail store solution business from IBM, theCompany aims to become a leading company of retail POS
system which provides high quality products and solution
and develops its business globally in the retail solution
market.
(4) The date of transfer
From at the end of June to July, 2012 (Scheduled)(5) Legal form of business combination
Business transfer under common control(6) Company name after combination
Undecided as the Company establishes new companies ineach countries(7) The price of transfer
About $850 millions (About ¥68 billions)25

Corporate Data
1-11-1, Osaki, Shinagawa-ku, Tokyo, Japan
Tel: +81-3-6830-9100
Fax: +81-3-6684-4001
http://www.toshibatec.co.jp/
Established: February 21, 1950
Employees: 3,821 <Consolidated: 19,823> (as of March 2012)
Common Stock: ¥39,971 million (as of March 2012)
Stock Listing: Tokyo Stock Exchange (1st Section)

Board of Directors and Corporate Auditors
President and Chief Executive Officer (as of June 26, 2012)◊Mamoru Suzuki
Directors

Hiroshi Inubushi
Shigenobu Osawa
Ushio Kawaguchi
Masato Yamamoto
Takayuki Ikeda
Masayoshi Hirata
Hidejiro Shimomitsu
Corporate Auditors

Takao Saito
Hiroyuki Ikeda
Takehiko Ouchi
Toshihiko Matsumoto◊:Representative Director

Main Consolidated Companies (as of March 31, 2012)• TOSHIBA AMERICA BUSINESS SOLUTIONS, INC.
• TOSHIBA TEC GERMANY IMAGING SYSTEMS GmbH• TOSHIBA TEC FRANCE IMAGING SYSTEMS S.A.
• TOSHIBA TEC SOLUTION SERVICES CORPORATION• TOSHIBA TEC EUROPE RETAIL INFORMATION SYSTEMS S.A.
• TOSHIBA TEC U.K. IMAGING SYSTEMS LIMITED• TOSHIBA TEC NORDIC AB• TER CORPORATION• TOSHIBA TEC INFORMATION SYSTEMS (SHENZHEN) CO., LTD.
• TOSHIBA TEC SINGAPORE PTE LTD• P.T. TEC INDONESIA• TEC INFORMATION SYSTEMS CORPORATION• TIM ELECTRONICS SDN. BHD.
• TOSHIBA TEC EUROPE IMAGING SYSTEMS S.A.
• TEC PRECISION CO., LTD.
• TOSEI CORPORATION• KOKUSAI CHART CORPORATION• TOSHIBA TEC (H.K.) LOGISTICS & PROCUREMENT LTD.