Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 13, 2023
Company name: Toshiba Tec Corporation
Stock exchange listing: Tokyo
Code number: 6588
URL: https://www.toshibatec.co.jp/
Representative: Hironobu Nishikori
President and CEO
Contact:
Akira Abe
General Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: November 13, 2023
Scheduled date of commencing dividend payments: December 1, 2023
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2023
263,646
8.1
5,910
(0.8)
3,663
31.6
2,163
–
September 30, 2022
243,869
12.4
5,955
37.5
2,783
(9.6)
(6,370)–
6,581
million[–(Note) Comprehensive income:Six months ended September 30, 2023:
¥
%]
– %]
Six months ended September 30, 2022:¥ (1,395) million [Basic earnings
per share

Diluted earnings
per share

Six months ended
Yen
Yen
September 30, 2023
39.11
39.10
September 30, 2022
(115.12)–(Note) Diluted earnings per share for the six months ended September 30, 2022 is not presented even though the Company has issued
potential shares, because basic earnings per share was net loss.
(2) Consolidated Financial Position
Total assets
As of
September 30, 2023
March 31, 2023
(Reference) Equity:

Net assets

Capital adequacy ratio

Million yen

Million yen

326,754
310,692

98,978102,206
92,274 million
96,195 million

As of September 30, 2023:
As of March 31, 2023:

¥
¥

%

28.2
31.0

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

–

20.00

–

20.00

40.00

Fiscal year ending March 31, 2024

–

20.00
–

25.00

45.00

Fiscal year ending March 31, 2024 (Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Full year

Million yen%

Million yen%

Million yen%

Million yen%

Yen

540,000

5.7

18,00011.9

15,000

14.1

7,000

–

129.33(Note) Revision to the financial results forecast announced most recently:
Yes
Basic earnings per share in the financial results forecast is calculated taking into account the effect of the purchase oftreasury shares during the six months ended September 30, 2023.
* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
No
New–(Company name:
Exclusion:–(Company name:))(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:
Yes(Note) For details, please refer to “2. Quarterly Consolidated Financial Statements and Notes (4) Notes to the quarterly consolidated
financial statements (Accounting policies adopted specially for the preparation of quarterly consolidated financial statements)” on
page 11 of this report.
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
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):
September 30, 2023:
57,629,140 shares
March 31, 2023:
57,629,140 shares2) Total number of treasury shares at the end of the period:
September 30, 2023:
4,699,129 shares
March 31, 2023:
2,281,668 shares
3) Average number of shares during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

55,305,451 shares
55,335,806 shares• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters(Explanation for the proper use of earnings forecasts)
Financial results forecasts are based on information currently available to the Company and certain assumptions deemed reasonable
and are not intended to be the Company’s guarantee that they will be achieved. Actual results may significantly vary due to a variety
of factors. For the assumptions used as the basis for the earnings forecasts and precautions regarding the use of the earnings forecasts,
please refer to “1. Qualitative information on the financial results for the period under review (3) Consolidated financial results
forecast and other forward-looking information” on page 5 of this report.

Table of Contents of Attachments
1. Qualitative information on the financial results for the period under review

2(1) Operating results

2(2) Financial condition

3(3) Consolidated financial results forecast and other forward-looking information

5

2. Quarterly Consolidated Financial Statements and Notes

6(1) Quarterly Consolidated Balance Sheet

6(2) Quarterly Consolidated Statement of Income and Comprehensive Income

8

Quarterly Consolidated Statement of Income (For the six months)

8

Quarterly Consolidated Statement of Comprehensive Income (For the six months)

9(3) Quarterly Consolidated Statement of Cash Flows

10(4) Notes to the quarterly consolidated financial statements

11

Notes on going concern assumption

11

Notes in the event of significant amount changes in shareholders’ equity

11

Accounting policies adopted specially for the preparation of quarterly consolidated financial statements

11

Segment information

12

3. Supplementary information

13(1) Changes in information about financial results

13(2) Changes in reportable segment information

14(3) Changes in net sales by destination market

14(4) Changes in proportion of overseas production by value

15(5) Changes in resource inputs

15

1

1. Qualitative information on the financial results for the period under review(1) Operating results
The world economy during the six months ended September 30, 2023 picked up moderately overall, as thenormalization of economic activities progressed after the COVID-19 pandemic receded. However, the outlook
still remained uncertain due mainly to price rises, ongoing monetary tightening overseas, China’s economic
slowdown, and the prolonged Russian-Ukrainian problem.
Amid such conditions, Toshiba Tec Corporation (the “Company”) and its subsidiaries (collectively, the“Group”) have been pursuing the Basic Policy of the FY23-25 Mid-term Business Plan, “To become a global
top solutions partner by generating new value through co-creation with the aim of contributing to theresolution of social issues.” Under the basic policy, the Group has focused its energy on carrying out various
measures toward sustainable growth. At the same time, the Group has strived to contribute to the resolution ofsocial issues by executing business transformation and corporate transformation.
In the six months ended September 30, 2023, net sales were ¥263,646 million (up 8% year on year) due mainly
to increased sales of POS systems for the domestic market and multifunction peripherals (MFPs), and the impactof foreign exchange rates. On the profit front, despite a deterioration in profit and loss of POS systems for theoverseas markets, profitability of MFPs improved significantly, while profitability of POS systems for thedomestic market improved to a lesser extent, resulting in operating profit of ¥5,910 million (down 1% year onyear) and ordinary profit of ¥3,663 million (up 32% year on year). Profit attributable to owners of parent was¥2,163 million (compared with loss attributable to owners of parent of ¥6,370 million in the same period of theprevious fiscal year) due to the elimination of a temporary negative impact on profit from the provision for loss
on litigation recorded under extraordinary losses in the same period of the previous fiscal year.
As for the interim dividend, as a result of comprehensive consideration of the above-mentioned financial
results, business environment, and other factors, the Company will pay an interim dividend of ¥20 per share,
as forecasted at the time of the announcement of financial results for the fiscal year ended March 31, 2023 on
May 11, 2023.
Results of reportable segments for the six months ended September 30, 2023 were as follows.
Retail Solutions Business GroupThe Retail Solutions Business Group handles POS systems for domestic and overseas markets, auto ID
systems for domestic market, and related products. Amid a severe business environment in which
intensifying competition with peers continues, the business group has worked on expanding its solution
business through the global retail platform “ELERA” and strategic partnership, boosting recurring revenue
business, and investing in retail innovation to expand new businesses (strengthening digital humanresources, ELERA Evolution, enhancing co-creation opportunities, and strengthening partner
collaboration).
Sales of POS systems for the domestic market increased due to efforts to expand sales mainly of selfcheckout systems, payment terminals, and smart receipts, as well as efforts to revise selling prices, despite
continued harsh conditions reflecting soaring raw material prices, rising prices, and other factors.
Sales of POS systems for overseas markets declined due mainly to a decrease in sales of hardware andsoftware in the United States, primarily to major customers, and a decrease in sales of hardware in Europe,and other factors.
Sales of auto ID systems for the domestic market fell primarily due to a decline in the number of units soldof barcode printers.
As a result, net sales of the Retail Solutions Business Group were ¥149,637 million (up 3% year on year).
Operating profit of the business group was ¥899 million (down 82% year on year), reflecting thedeterioration in profit and loss in overseas markets due to a decrease in sales of POS systems and anincrease in research expenses, etc. for future growth despite the improved profitability of POS systems forthe domestic market.

2

Workplace Solutions Business Group
The Workplace Solutions Business Group handles multifunction peripherals (MFPs) for domestic andoverseas markets, auto ID systems for overseas markets, inkjet heads for domestic and overseas markets,and related products. Amid a severe business environment in which the declining printing volume due topost-COVID-19 work style reforms and office DX promotion and intensifying competition with peers
continue, the business group focused on increasing basic earnings power of core business. At the same time,
the business group worked on developing the auto ID business, document and data solutions, and customer
support business in order to expand business in growth areas.
Sales of MFPs increased due to the impact of foreign exchange rates in addition to strong sales in theAmericas, Europe, and other regions, reflecting a recovery from product supply disruptions and increased
selling prices.
Sales of auto ID systems for overseas markets declined as a result of decreased sales in the Americas,
Europe, Asia, and other overseas regions.
Sales of inkjet heads decreased due mainly to decreased sales to overseas customers.
As a result, net sales in the Workplace Solutions Business Group were ¥116,365 million (up 16% year onyear). Operating profit for the business group soared to ¥5,010 million (up 361% year on year) due to theincrease in net sales resulting from recovery from product supply disruptions, the increased selling prices
and other factors and effects of structural reform and structural transformation implemented so far, etc.
(Note) An auto ID system is a system that uses hardware and software devices to recognize and manage data
content by automatically scanning barcode and RFID tag data.
(2) Financial condition
1) Analysis of financial condition
Assets at the end of the second quarter of the fiscal year ending March 31, 2024 increased by ¥16,062 million
from the end of the previous fiscal year to ¥326,754 million. This was mainly because notes and accounts
receivable – trade, and contract assets, merchandise and finished goods, raw materials and supplies, and“Other” in current assets increased by ¥1,265 million, ¥3,229 million, ¥1,294 million, and ¥4,512 million
respectively, and property, plant and equipment in non-current assets and “Other” in investments and otherassets increased by ¥1,390 million and ¥4,651 million, respectively, although work in process declined by¥1,059 million.
Liabilities increased by ¥19,289 million from the end of the previous fiscal year to ¥227,775 million. Thiswas mainly because notes and accounts payable – trade, current portion of long-term borrowings, and “Other”
in current liabilities increased by ¥5,305 million, ¥2,900 million, and ¥4,116 million, respectively, and longterm borrowings in non-current liabilities increased by ¥6,172 million.
Net assets decreased by ¥3,227 million from the end of the previous fiscal year to ¥98,978 million. This wasprimarily due to a decrease in retained earnings owing to the payment of dividends of ¥1,106 million and adecrease due to additional purchase of treasury shares of ¥8,684 million, although retained earnings increased
owing to the recording of profit attributable to owners of parent of ¥2,163 million, and foreign currencytranslation adjustment increased by ¥4,154 million.
2) Status of cash flows
An overview of cash flows for the six months ended September 30, 2023 is as follows.
Net cash provided by operating activities was ¥6,774 million (compared with an outflow of ¥8,112 million in
the same period of the previous fiscal year), reflecting profit before income taxes of ¥3,304 million,
depreciation and amortization of ¥8,352 million, and a decrease in trade receivables of ¥6,690 million, partly
offset by a decrease in trade payables of ¥2,589 million, payments for loss on litigation of ¥3,400 million, andincome taxes paid of ¥3,534 million.
Net cash used in investing activities was ¥6,364 million (compared with an outflow of ¥5,682 million in thesame period of the previous fiscal year), reflecting outlays for purchase of property, plant and equipment and3intangible assets, purchase of investment securities, and other outflows.
As a result of the above, free cash flow amounted to an inflow of ¥410 million (compared with an outflow of¥13,795 million in the same period of the previous fiscal year).
Net cash used in financing activities was ¥3,885 million (compared with an outflow of ¥ 4,114 million in thesame period of the previous fiscal year), reflecting purchase of treasury shares of ¥8,742 million, repaymentsof finance lease liabilities of ¥2,287 million, and dividends paid of ¥1,106 million, partly offset by proceedsfrom long-term borrowings of ¥9,584 million.
As a result of the above, the balance of Group funding at the end of the second quarter of the fiscal year
ending March 31, 2024 (cash and cash equivalents in the quarterly consolidated statement of cash flows)increased by ¥776 million from the end of the previous fiscal year to ¥44,591 million.

4(3) Consolidated financial results forecast and other forward-looking information
The Company revised its consolidated financial results forecast for the fiscal year ending March 31, 2024
announced on August 7, 2023 as follows.
Revision to consolidated financial results forecasts for the fiscal year ending March 31, 2024
(Million yen)
Net sales

Operating profit

Ordinary profit

Profit attributable
Basic earnings
to owners of parent per share (Yen)Previously announced
forecast (A)530,000

18,00015,0007,000

126.48

Revised forecast (B)540,000

18,00015,0007,000

129.33

Change (B)−(A)10,000

–

–

–

2.85

1.9

–

–

–

2.3

510,767

16,07813,149(13,745)(248.37)

Change (%)
Reference: results of theprevious fiscal year (ended
March 31, 2023)

Revision to consolidated sales forecasts by segment for the fiscal year ending March 31, 2024
Previously
Revised forecast
announced forecast(B)(A)

Change (B) − (A)(Million yen)
Reference: resultsof the previous
fiscal year (ended
March 31, 2023)

Change (%)

Retail Solutions

310,000

310,000––

296,951

Workplace Solutions

226,000

235,000

9,000

4.0

217,672

Eliminations(6,000)(5,000)1,000(16.7)(3,857)

Net sales

530,000

540,000

10,0001.9

510,767

Revision to consolidated operating profit forecasts by segment for the fiscal year ending March 31, 2024
Previously
Revised forecast
announced forecast(B)(A)

Change (B) − (A)(Million yen)
Reference: resultsof the previous
fiscal year (ended
March 31, 2023)

Change (%)

Retail Solutions

11,0009,000(2,000)(18.2)

9,196

Workplace Solutions

7,000

9,000

2,000

28.6

6,882

Operating profit

18,00018,000––16,078Net sales of the Retail Solutions Business Group remain unchanged, while those of the Workplace Solutions
Business Group have been revised upward due mainly to the impact of exchange rates. Operating profit,
ordinary profit, and profit attributable to owners of parent of the Group remain unchanged from the previously
announced forecast. Meanwhile, consolidated operating profit of the Retail Solutions Business Group has beenrevised downward mainly due to uncertain overseas market conditions, whereas that of the Workplace Solutions
Business Group has been revised upward in line with increased net sales. Based on these factors, we haverevised our consolidated financial results forecasts for the fiscal year ending March 31, 2024 as stated above.
The reference exchange rates used in the consolidated financial results forecast for the fiscal year ending March
31, 2024 are ¥140.78 to the US dollar and ¥151.24 to the euro. Basic earnings per share have been calculated
taking into account the effect of the purchase of treasury shares during the six months ended September 30,
2023.
* Financial results forecasts are based on information currently available to the Company and certain
assumptions deemed reasonable, and are not intended to be the Company’s guarantee that they will beachieved. Actual results may significantly vary due to a variety of factors.

5

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet(Million yen)
As of March 31, 2023

As of September 30, 2023

AssetsCurrent assets
Cash and deposits

42,68743,375

1,137

1,227

74,29375,55837,616
5,967

40,845
4,908

Raw materials and supplies
Other

11,88428,173

13,17832,685

Allowance for doubtful accounts(1,185)(1,224)

Total current assets

200,575

210,554

45,173

46,563

Goodwill
Other

557
10,528501
10,625

Total intangible assets

11,086

11,12654,266(408)

58,917(407)

Group deposits paid
Notes and accounts receivable - trade, andcontract assets
Merchandise and finished goods
Work in process

Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

53,85758,509110,117

116,200

310,692

326,754

(Million yen)
As of March 31, 2023

As of September 30, 2023

54,16759,472

Short-term borrowings
Current portion of long-term borrowings

1,779
–

2,249
2,900

Income taxes payable
Other

5,177
89,421

5,506
93,537

Total current liabilities

150,546

163,665

Long-term borrowings
Retirement benefit liability

2,581
28,722

8,753
28,770Other

26,636

26,585

Total non-current liabilities

57,94064,109208,486

227,775

Share capital
Capital surplus

39,970902

39,970950

Retained earnings

40,01741,074

Treasury shares(4,695)(13,380)

Total shareholders’ equity

76,19568,615

Liabilities
Current liabilities
Notes and accounts payable - tradeNon-current liabilities

Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

1,525

1,214

Deferred gains or losses on hedges
Foreign currency translation adjustment(40)
18,131(56)
22,286

Minimum pension liability adjustments
Remeasurements of defined benefit plans

(212)
595

(163)
377

19,99923,658

Total accumulated other comprehensive income
Share acquisition rights

43

19

Non-controlling interests

5,966

6,684

Total net assets

102,206

98,978

Total liabilities and net assets

310,692

326,7547

(2) Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the six months)(Million yen)
For the six months
ended September 30, 2022

For the six months
ended September 30, 2023

Net sales

243,869

263,646

Cost of sales

149,687

157,719

Gross profit

94,181

105,927

Selling, general and administrative expenses

88,226

100,016

Operating profit

5,955

5,910

104

207

Non-operating income
Interest income
Dividend income

56

60

Other

203

132

Total non-operating income

364

401

Interest expenses

233

275

Loss on valuation of derivatives

774

697

Foreign exchange losses

326

475

Foreign withholding tax

1,249

–

952

1,198

3,536

2,647

2,783

3,663

Gain on sale of investment securities–

10

Total extraordinary income–

10

Non-operating expenses

Other
Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Loss on sale of investment securities–

9

Loss on valuation of investment securities

–

80

114

280

33

–

6,900

–

Restructuring cost
Loss on reversal of foreign currency translation
adjustment due to liquidation of overseas subsidiaries
Provision for loss on litigation
Total extraordinary losses

7,047

369

Profit (loss) before income taxes(4,264)

3,304

Income taxes

2,663

919

Profit (loss)(6,927)

2,385

Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

8

(557)

221

(6,370)2,163

Quarterly Consolidated Statement of Comprehensive Income (For the six months)(Million yen)

Profit (loss)
Other 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 to
Owners of parent
Non-controlling interests

9

For the six months
ended September 30, 2022

For the six months
ended September 30, 2023

(6,927)

2,385

(554)
(32)
6,555
(26)
(410)
5,532
(1,395)

(311)
(16)
4,691
49
(217)
4,196
6,581

(1,523)
128

5,822
759

(3) Quarterly Consolidated Statement of Cash Flows(Million yen)
For the six months ended
September 30, 2022
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation and amortization
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Restructuring cost
Loss on reversal of foreign currency translation
adjustment due to liquidation of overseas subsidiaries
Provision for loss on litigation
Interest and dividend income
Interest expenses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Payment for extra retirement payments
Payments for loss on litigation
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Net decrease (increase) in short-term loans receivable
Long-term loan advances
Proceeds from collection of long-term loans receivable
Other, net

For the six months ended
September 30, 2023

(4,264)
8,158
–
–
114

3,304
8,352
(1)
80
280

33

–

6,900
(160)
233
(13)
(1,668)(3,398)(2,366)(6,664)(2,450)(5,547)
162
(217)
(512)
–
(2,397)398(8,112)

–
(268)
275
(76)
(1,261)
6,690
1,002(2,589)(2,107)
13,682
262
(324)
(257)
(3,400)(3,534)
346
6,774

(0)
(3,834)38(1,176)
(719)
–
2
(0)
2
3

(0)
(4,849)219(1,437)
(412)
87
(3)
(0)
0
31

(5,682)(6,364)(2,393)
461
(498)
(3)
(1,106)(574)(2,287)
9,584(1,200)(8,742)(1,106)(132)(4,114)(3,885)

4,034

4,251

Net increase (decrease) in cash and cash equivalents(13,875)

776

Cash and cash equivalents at beginning of period

46,70943,815

Cash and cash equivalents at end of period

32,834

44,591

Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of finance lease liabilities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents10(4) Notes to the quarterly consolidated financial statements
Notes on going concern assumption
Not applicable.
Notes in the event of significant amount changes in shareholders’ equity
Purchase of treasury shares
Pursuant to a resolution at the board of directors’ meeting held on August 7, 2023, the Company purchased
2,444,293 treasury shares for ¥8,738 million during the six months ended September 30, 2023.
Accounting policies adopted specially for the preparation of quarterly consolidated financial statements
Calculation of tax expenses
Tax expenses are calculated by reasonably estimating the effective tax rate after the application of tax effectaccounting for profit before income taxes for the consolidated fiscal year ending March 31, 2024 including thesecond quarter under review and multiplying profit before income taxes by the estimated effective tax rate.
Provided, however, that if calculation using the estimated effective tax rate turns out to be significantly
unreasonable, calculations are made pursuant to Paragraph 15 (Method of using the statutory effective tax rate)of the Implementation Guidance on Tax Effect Accounting for Interim Financial Statements (AccountingStandards Board of Japan (ASBJ) Guidance No. 29, February 16, 2018), according to the provisions ofParagraph 19 of the Implementation Guidance on Accounting Standard for Quarterly Financial Reporting(ASBJ Guidance No. 14, March 31, 2020).
Income taxes - deferred are included in income taxes.

11

Segment information
I Six months ended September 30, 2022
Amounts of net sales, profit or loss by reportable segment(Million yen)
Reportable segments

Consolidated
amount(Note)

Adjustment

Retail Solutions

Workplace
Solutions

145,433

98,435

243,869

–

29

1,717

1,746

(1,746)

243,869–

145,462

100,152

245,615(1,746)

243,869

–

5,955

Total

Net sales
Sales to external customers
Intersegment sales and transfers
Total

Segment profit
4,867
1,087
5,955
(Note) Segment profit corresponds with operating profit in the quarterly consolidated statement of income.

II Six months ended September 30, 2023
Amounts of net sales, profit or loss by reportable segment(Million yen)
Reportable segments
Retail Solutions

Workplace
Solutions

Consolidated
amount(Note)

Adjustment
Total

Net sales
149,555

114,090

263,646

–

81

2,274

2,355

(2,355)

263,646–

149,637

116,365

266,002(2,355)

263,646–
Segment profit
899
5,010
5,910
(Note) Segment profit corresponds with operating profit in the quarterly consolidated statement of income.

5,910

Sales to external customers
Intersegment sales and transfers
Total

12

3. Supplementary information(1) Changes in information about financial results[Consolidated]

Description

Net sales(Million yen)

For the six
For the six
For the six For the fiscal For the fiscalmonths ended months ended months ended year ended
year ended
September 30, September 30, September 30, March 31,
March 31,
2021
2022
2023
2022
2023

For the fiscal
year ending
March 31,2024
(Forecast)

216,977

243,869

263,646445,317

510,767

540,000

113%

112%

108%

110%

115%

106%

4,332

5,955

5,910

11,566

16,07818,000

–

138%

99%

140%

139%

112%

3,079

2,783

3,663

10,197

13,14915,000

–

90%

132%

142%

129%

114%

2,464

(6,370)

2,163

5,381

(13,745)

7,000

–

–

–

75%

–

–

Basic earnings (losses) per share (Yen)

44.79(115.12)

39.11

97.68

(248.37)129.33

Number of consolidated subsidiaries

70

67

66

69

67

Undecided

Average exchange rate
(Yen to the US dollar)

109.89131.59139.93112.05135.11140.78Average exchange rate
(Yen to the euro)

131.15138.21152.78130.54140.86151.24Year-on-year change
Operating profit
Year-on-year change
Ordinary profit
Year-on-year change
Profit (loss) attributable to owners ofparentYear-on-year change13(2) Changes in reportable segment information[Consolidated net sales]
Description

Retail Solutions Business Group(Million yen)

For the six months For the six months For the fiscal year
ended September 30, ended September 30, ended March 31,
2022
2023
2023

For the fiscal year
ending March 31,
2024 (Forecast)

145,462

149,637

296,951

310,000

111%

103%

111%

104%

100,152

116,365

217,672

235,000

114%

116%

120%

108%

Subtotal

245,615

266,002514,624

545,000

Elimination(1,746)(2,355)(3,857)(5,000)Total

243,869

263,646

510,767

540,000

112%

108%

115%

106%

Year-on-year change
Workplace Solutions Business Group
Year-on-year change

Year-on-year change(Note) Net sales for each business include “Intersegment sales and transfers.”[Consolidated operating profit]
Description

Retail Solutions Business GroupOperating profit margin
Workplace Solutions Business GroupOperating profit margin
Total
Operating profit margin(Million yen)
For the six months For the six months For the fiscal year
ended September 30, ended September 30, ended March 31,
2022
2023
2023
4,867

899

9,196

9,000

3.3%

0.6%

3.1%

2.9%

1,087

5,010

6,882

9,000

1.1%

4.3%

3.2%

3.8%

5,955

5,910

16,07818,000

2.4%

2.2%

3.1%

3.3%

(3) Changes in net sales by destination market[Changes in net sales by destination market / Consolidated]
Description

Japan
Percentage of consolidated net sales
Americas
Percentage of consolidated net sales
EuropePercentage of consolidated net sales
Other
Percentage of consolidated net sales
Total
Percentage of consolidated net sales

For the fiscal year
ending March 31,
2024 (Forecast)(Million yen)

For the six
months ended
September 30,
2021

For the six
months ended
September 30,
2022

88,76785,066

93,173

178,906

174,524

41%

35%

35%

40%

34%

65,53785,914

94,538137,114

183,988

30%

35%

36%

31%

36%

40,58644,97147,35984,53994,948

19%

18%

18%

19%

19%

22,086

27,91528,57444,75757,304

10%

12%

11%

10%

11%

216,977

243,869

263,646445,317

510,767

100%

100%

100%

100%

100%

14

For the six
For the fiscal
For the fiscalmonths ended
year ended
year ended
September 30,
March 31, 2022 March 31, 2023
2023

(4) Changes in proportion of overseas production by value[Changes in proportion of overseas production by value / Consolidated]
Description

Overseas ratio

For the six months For the six months For the six months For the fiscal year For the fiscal year
ended September ended September ended September ended March 31, ended March 31,
30, 2021
30, 20222022
2023
30, 2023
74%

81%

74%

77%

(5) Changes in resource inputs[Increase in property, plant and equipment and intangible assets / Consolidated]
Description

Consolidated
Year-on-year change(Million yen)

For the six
For the six
For the fiscal
For the six
For the fiscal For the fiscalmonths ended months ended months ended
year ending
year ended
year ended
September 30, September 30, September 30,
March 31, 2024
March 31, 2022 March 31, 2023
2021
(Forecast)
2022
2023
6,677

7,694

8,707

14,87917,55019,000

87%

115%

113%

100%

118%

108%

[Research and development expenses / Consolidated]
Description

Consolidated

73%(Million yen)

For the six
For the fiscal
For the six
For the six
For the fiscal For the fiscalmonths ended months ended months ended
year ending
year ended
year ended
September 30, September 30, September 30,
March 31, 2024
March 31, 2022 March 31, 2023
2021
2022
(Forecast)
2023
11,334

11,885

14,66521,94924,531

30,000Net sales ratio

5.2%

4.9%

5.6%

4.9%

4.8%

5.6%

Year-on-year change

99%

105%

123%

101%

112%

122%

[Number of employees at the end of the fiscal year / Consolidated]
Description

Consolidated
Year-on-year change(Persons)

For the six
For the six
For the fiscal
For the six
For the fiscal For the fiscalmonths ended months ended months ended
year ending
year ended
year ended
September 30, September 30, September 30,
March 31, 2024
March 31, 2022 March 31, 2023
2021
2022
(Forecast)
2023
18,69918,557

18,973

18,53918,906

19,200

(573)

(142)

416

28

367

294

15