FY2017 First Six Months
Consolidated BusinessResults

November 8, 2017

© 2017 Toshiba Tec Corporation

Content

1. Key Messages

2. FY2017 First Six Months
Consolidated Business Results
3. FY2017 Forecast© 2017 Toshiba Tec Corporation1

Key Messages
Operating income increased significantly owing togreater sales and improved productivity
Operating income, ordinary income and net income
increased over the previous year
The domestic retail solutions business achieved the highest operating
income ever for the first half of fiscal year.
The operating income of printing solutions business in the first half ofFY17 increased significantly owing to new product.
Toshiba Tec recorded the highest ordinary income ever for the first halfof fiscal year.

Profitability of the overseas retail solutions business improved
The overseas retail solutions business maintained operating profit in thefirst half of FY17, following the previous term.

Dividend policy
Toshiba Tec will increase its annual dividend by 50% compared to theinitial forecast in the beginning of the fiscal year.
© 2017 Toshiba Tec Corporation2

Content

1. Key Messages

2. FY2017 First Six Months
Consolidated Business Results
3. FY2017 Forecast© 2017 Toshiba Tec Corporation3FY2017 First Six Months Business Results
FY17/1H

FY17/1H

FY16/1H

ActualForecast(May 12)Actual(Billions of Yen)

243.2

233.0

243.4

10.4

5.0

6.4

(4.3%)(2.1%)(2.6%)

9.5

3.5

7.6

(Rate of sales)(3.9%)(1.5%)(3.1%)Net Income Attributable toOwners of Parent

5.2

1.5

4.3

(Rate of sales)(2.1%)(0.6%)(1.8%)

US$

111.20100.00EUR

125.60110.00Net Sales
Operating Income(Rate of sales)

Ordinary Income

Foreign currency
exchange rate

Difference
vs. FY17/1H
Forecastvs. FY16/1H
Actual+10.2△0.2+5.4+3.9+6.0+2.0+3.7+0.8

107.29+11.20+3.91

120.05+15.60+5.55© 2017 Toshiba Tec Corporation4

Operating Income Analysis of FY2017/1H
SG&A

Gross Profit

△0.4

6.4

BusinessTransfer

FY16/1H
Operating
Income+1.7
Currency
Exchange+0.5
Increase in
Net Sales+1.4△1.4+0.8

OthersCurrency
Exchange

R&D(Billions of yen)

△1.4
Personnel
Expenses+2.8
Others10.4

FY17/1H
Operating
Income© 2017 Toshiba Tec Corporation5

FY2017 First Six Months Business Results by Segment(Billions of yen)

FY16/1H

Difference

ActualActualvs. FY16/1H
Actual

150.6

157.1

Operating Income

6.2

4.4

(Rate of Sales)(4.1％)(2.8%)

98.3

92.4

Operating Income

4.2

2.1

(Rate of Sales)(4.2%)(2.3%)

243.2

243.4

Operating Income

10.4

6.4

(Rate of Sales)(4.3%)(2.6%)

RetailSolutions
BusinessGroupNet Sales

PrintingSolutions
BusinessGroupNet Sales

Net Sales
Consolidated
Total

FY17/1H△6.5+1.9+5.9+2.1△0.2+3.9© 2017 Toshiba Tec Corporation6Balance Sheet(Billions of yen)

AssetsLiabilities and Net Assets

269.4

269.4

279.0

46.1

48.9

-Cash and cash
equivalents

63.8

60.9

-Notes andaccounts
receivable

40.6

48.3

-Inventories

37.9

39.0

-Other current
assets81.0

81.9-Non-current
assets

17/3E

17/9E

279.0
0.4

-Loanspayable

192.4

196.1

-Otherliabilities

76.0

82.5

-Net
assets

17/3E

17/9E

1.0

Capital ratio improved due to the profit growth andcredit management optimization© 2017 Toshiba Tec Corporation

7

Cash Flows(Billions of yen)Free cash flow
Cash flow from investing activities
Cash flow from operating activities

24.0

20.1
9.9

Cash flow from operatingactivities decreased due to:・Increased inventory
owing to a large-scale
project in the second halfof FY17
・Increased corporatetaxes following theincrease in taxable income
the previous year

4.4
△ 3.9

FY16/1H△ 5.5
FY17/1H© 2017 Toshiba Tec Corporation

8

Content

1. Key Messages

2. FY2017 First Six Months
Consolidated Business Results
3. FY2017 Forecast© 2017 Toshiba Tec Corporation9

FY2017 Forecast, Overall(Billions of Yen)

FY17

FY17

FY16

Forecast

Forecast(May 12)ActualDifference
vs. FY17 FC(May 12)

vs. FY16
Actual505.0

490.0497.6+15.0+7.4

20.0

16.0

14.6+4.0+5.4(4.0%)(3.3%)(2.9%)

18.0

13.0

12.5

(Rate of sales)(3.6%)(2.7%)+5.0+5.5(2.5%)

Net Income Attributable toOwners of Parent

9.0

6.0

7.8+3.0+1.2(Rate of sales)(1.8%)(1.2%)(1.6%)

US$

110.00*100.00108.73+10.00+1.27

EUR

128.00*110.00119.30+18.00+8.70

Net Sales

Operating Income(Rate of sales)

Ordinary Income

Foreign currency
exchange rate

＊Foreign currency exchange rates of 17/2H forecasts are US$=110yen, EUR=130yen.

© 2017 Toshiba Tec Corporation

10

FY2017 Forecast by Segment(Billions of Yen)

FY17

FY17

FY16

ForecastForecast(May 12)ActualRetailSolutions
BusinessGroupNet Sales

314.0

314.0

320.8

Operating
Income

12.5

10.0

11.3

(4.0％)(3.2％)(3.5%)

PrintingSolutions
BusinessGroupNet Sales

203.0

188.0

189.1

Operating
Income

7.5

6.0

3.4

(3.7%)(3.2%)(1.8%)Net Sales

505.0

490.0

497.6

Operating
Income

20.0

16.0

14.6

(4.0%)(3.3%)(2.9%)

ConsolidatedTotal(Rate of Sales)(Rate of Sales)(Rate of Sales)

Difference
vs. FY17 FC(May 12)

vs. FY16Actual-△6.8+2.5+1.2+15.0+13.9+1.5+4.1+15.0+7.4+4.0+5.4© 2017 Toshiba Tec Corporation11

Forward-looking statements concerning TOSHIBA TEC's future
performance contained in this presentation represent certain
reasonable assumptions based on economic, financial andcompetitive data and information currently available. However,actual results will be affected by the business and competitiveenvironment and may differ materially from forecasts.

© 2017 Toshiba Tec Corporation12© 2017 Toshiba Tec Corporation13