Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended December 31, 2019
[Japanese GAAP]
February 06, 2020
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: http://www.toshibatec.co.jp/President and CEO
Representative: Takayuki Ikeda
Senior Manager of Corporate Communications Division
Contact: Takashi Mizuno
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: February 07, 2020
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2019 (April 01, 2019 to December 31, 2019)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to owners
Net sales
Operating profit
Ordinary profitof parent%
Million yen%
Million yen%
Million yen%
Million yen
Nine months ended
December 31, 2019
366,034
3.3
13,383(5.1)
12,4540.6
10,40813.5
December 31, 2018354,417(4.7)
14,103(18.1)
12,383(22.4)
9,168(22.1)(Note) Comprehensive income:Nine months ended December 31, 2019:¥
7,673 million [(2.1) %]Nine months ended December 31, 2018:¥7,839 million [(51.6) %]Basic earnings
per share

Diluted earnings pershare

YenYenNine months endedDecember 31, 2019189.31189.07
December 31, 2018166.84166.61(Note) The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018.Accordingly, the figures for basic earnings per share and diluted earnings per share have been calculated assuming thatthe share consolidation was executed at the beginning of the previous fiscal year.

(2) Consolidated Financial Position
Total assets
As ofDecember 31, 2019
303,389
March 31, 2019
275,055(Reference) Equity: As of December 31, 2019:
As of March 31, 2019:

Net assetsMillion yen

Capital adequacy ratio

Million yen¥¥

1

105,443
100,758
96,680 million
90,898 million

%

31.9
33.0

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2019

-

4.00

-

30.00

-

Fiscal year ending March 31, 2020

-

20.00

-

Fiscal year ending March 31, 2020

40.00
60.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
NoThe Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018. Accordingly, the amount of the year-end dividend per share for the year ended March 31, 2019 takes this shareconsolidation into account and disclosure of the total annual dividends per share is described as "-".
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020(April 01, 2019 to March 31, 2020)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parentper share%

Million yen%

Million yen%

Yen

Full year
485,000
1.7
17,000(5.5)(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

15,500Yes(5.9)

11,000(1.9)

200.16* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2019(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:
Exclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2019:57,629,140 shares
March 31, 2019:57,629,140 shares2) Total number of treasury shares at the end of the period:
December 31, 2019:
2,642,427 shares
March 31, 2019:
2,670,805 shares
3) Average number of shares during the period:
Nine months ended December 31, 2019:54,977,699 shares
Nine months ended December 31, 2018:
54,953,396 shares(Note) The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018. Accordingly, average number of shares during the period have been calculated assuming that the stock split wasexecuted at the beginning of the previous fiscal year.

2Quarterly Consolidated Financial StatementQuarterly Consolidated Balance Sheet(Million yen)
As of March 31,2019
AssetsCurrent assets
Cash and deposits
Group deposits paid
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of December 31,2019

45,501
9,99660,054
34,775
1,905
6,584
31,888(1,443)
189,263

55,556
5,407
53,503
40,1136,451
8,137
30,806(1,392)
198,582

28,29046,9593,691
10,055
13,746

2,711
9,565
12,27743,909(153)
43,75585,792275,055

45,659(88)
45,570104,806
303,389

(Million yen)
As of March 31,2019Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4As of December 31,2019

56,215383
1,800
68,374
126,774

64,952525
3,308
67,815
136,6020
34,621
12,901
47,523
174,297595
33,84926,89961,343
197,945

39,97045,103(5,474)
79,59939,97024
52,718(5,420)87,293

1,835

1,788

21
9,111
(458)
788
11,298147
9,712
100,758
275,055

(11)
7,454
(452)
608
9,387
110
8,652
105,443
303,389

Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2018
Net sales
Cost of salesGross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Impairment loss of non-current assets
Restructuring cost
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

5For the nine months
ended December 31,2019

354,417205,835
148,581
134,477
14,103366,034
216,527
149,506
136,123
13,383

265
47
30
316
660

238
75
629
363
1,307

263
647
1,469
2,380
12,383

355
685
1,196
2,237
12,454

506
506

3
3

12,889
3,639
9,249
81
9,168

85
300
386
12,071
2,305
9,765
(643)
10,408

Quarterly Consolidated Statement of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2018
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests

6

For the nine months
ended December 31,2019

9,249

9,765

(654)
7(1,164)
236
165(1,410)
7,839

(47)
(33)
(1,836)5(180)(2,091)
7,673

7,366
473

8,496(823)Notes to Quarterly Consolidated Financial Statement(Changes in Accounting Policies)(Application of IFRS 16“Leases”and ASU 2016-02“Leases”)
The Company's overseas consolidated subsidiaries have applied IFRS 16“Leases” and ASU 2016-02“Leases”
from the first quarter of the fiscal year ending March 31, 2020.
Under this standard, the lessee should in principle recognize assets and liabilities arising from all leases.
In applying IFRS 16“Leases” and ASU 2016-02“Leases” the Company has adopted a method that recognizes thecumulative effect of applying this standard on the effective date of application as a transitional measure as of thebeginning of the first quarter of the fiscal year ending March 31, 2020.
As a result, as of the beginning of the first quarter of the fiscal year ending March31, 2020, mainly leased assets
increased by 18,680 million yen, lease obligations in current liabilities increased by 4,495 million yen, lease obligations
in non-current liabilities increased by 14,230 million yen, and retained earnings decreased by 44 million yen.
The impact of the application of said accounting standard on profit and loss for the third quarter of the fiscal year underreview was insignificant.

7