FY2021 First Six Months
Consolidated Business Results

Nov 8, 2021

© 2021 Toshiba Tec Corporation

Contents

01 Key Messages
02

FY2021 First Six Months
Consolidated Business Results

03 FY2021 Forecast© 2021 Toshiba Tec Corporation2

01
Key Messages© 2021 Toshiba Tec Corporation

3

Key Messages
Business performance improved significantly in the first half of FY2021
compared to FY2020- Operating profit increased by 5.3 billion yen in the first half of FY2021 amid drastic changes ofbusiness environment

The overseas retail solutions business has stabilized its profit foundation- Operating profit continues to be positive for 3 consecutive fiscal halves primarily due to the effect ofstructural reforms. We will aim at profitability improvement for unprofitable regions by deploying theglobal platform “ELERA” which has been well accepted in the Americas.

The yearly forecast is revised downward due to the global shortage ofparts and shipping containers accompanied by soaring prices- The bottom line impact by supply chain disruptions is △7.4 billion yen in the first half of FY2021
and △14.2 billion yen in FY2021

FY2021 annual dividend is to be increased by 20 yen over FY2020- A 20 yen interim dividend and a 20 yen year-end dividend are planned respectively, amounting a
total 40 yen annual dividend in FY2021© 2021 Toshiba Tec Corporation

4

02
FY2021 First Six Months
Consolidated Business Results© 2021 Toshiba Tec Corporation

5

FY2021 First Six Months Business Results (Consolidated)(Billions of yen)

FY2020/1H

Difference

ActualActualvs FY2020/1H

217.0

191.7

4.3

△0.9(2.0%)

(-%)

3.１

△1.4(1.４%)

(-%)

2.5

△7.0(1.1%)(-%)

US$109.89

106.81+3.08

EUR131.15

120.89+10.26

Net Sales
Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)

Foreign currency
exchange rate (Yen)FY2021/1H+25.2+5.3+4.5+9.4© 2021 Toshiba Tec Corporation

6

Operating Profit Analysis of FY2021/1H
SG&A
△6.3

Gross Profit+11.5(Billions of yen)

R&D

Effect ofstructuralreforms
Impact ofexchange rateSaleschanges
Soaring prices mixof parts

Rise in container
freight rate
Variableselling cost(Excl. transportation)

Impact of onetime factors
in FY2020(i.e. employment adjustment subsidy)

The impact of supply chain disruptions △7.4

FY2020/1H
Operating Loss

Others
Impact ofexchange ratechanges

FY2021/1H
Operating Profit

Sales volumeParts shortages© 2021 Toshiba Tec Corporation

7

FY2021/1H Business Results by Segment（Billions of yen）

RetailSolutions
BusinessGroupNet Sales
Operating Profit
200.0(Rate of sales)

FY2021/1H

FY2020/1H

Difference

ActualActualvs FY2020/1H

131.1

120.5

5.7

6.0

(4.3％)(5.0％)

+10.6
△0.3

180.0
160.0
140.0

131.1

120.0
100.0

51.6

120.5
49.2

Overseas

79.5

71.3Domestic

FY2021/1H

FY2020/1H

80.0
60.0
40.020.0© 2021 Toshiba Tec Corporation8

FY2021/1H Business Results by Segment（Billions of yen）

WorkplaceSolutions
BusinessGroupFY2021/1H

FY2020/1H

Difference

ActualActualvs FY2020/1H

Net Sales

87.8

72.0

Operating Profit△1.4△6.9(-%)

(-%)

120.0

(Rate of sales)

100.0

87.8

80.0

25.5

60.0

27.3
40.0

20.0

+15.9
+5.5

72.0
22.9

China, etc.

21.3

Europe35.0

27.8

FY2021/1H

FY2020/1HAmericas0.0© 2021 Toshiba Tec Corporation9Balance Sheet
Increased net assets due to the recovery of business performance
Assets

289.3
52.2

Liabilities and Net Assets

294.0
60.2

Cash and cash
equivalents

63.9

59.8

Notes and accounts
receivables-trade,and contract assets

42.9

46.6

Inventories

22.8

21.9

Other current
assets

107.5

105.5

Non-current
assets2021/3E

2021/9E

289.3

294.0

179.4

183.0

109.9

111.0

2021/3E

2021/9E(Billions of yen)

Liabilities

Net Assets© 2021 Toshiba Tec Corporation

10

FY2021/1H Cash Flows
Increase FCF substantially by improving cash flows from operating activities
20.0（Billions of yen）
15.0Cash flows from operating activities
10.0

Cash flows from investing activities

16.7
11.4

5.0

Free cash flows

0.0

△ 5.3
△ 5.0

△ 10.4△ 15.6△ 10.0△ 5.2△ 15.0

FY2020/1H△ 20.0

FY2021/1H© 2021 Toshiba Tec Corporation

11

03
FY2021 Forecast© 2021 Toshiba Tec Corporation

12

FY2021 Forecast (Consolidated)(Billions of yen)

FY2021

FY2021

FY2020

Forecast

Prev. Forecast(Aug. 12)Actualvs. Previous
Forecast

Net Sales

440.0

420.0

405.7

Operating Profit15.0

21.0

8.3

(3.4%)(5.0%)(2.0%)

12.0

18.0

7.2

(2.7%)(4.3%)(1.8%)

7.0

10.0

7.1(1.6%)(2.4%)(1.8%)

US$108.04*

105.00EUR128.50*

125.00(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)

Foreign currency
exchange rate (Yen)

Difference
vs. FY2020
Actual+20.0+34.3△6.0+6.7△6.0+4.8

△3.0

△0.1

105.79+3.04+2.25

123.21+3.50+5.29＊Foreign currency exchange rates of FY2021/2H forecast are US$=105 yen, EUR=125 yen.
© 2021 Toshiba Tec Corporation

13FY2021 Forecast by Segment(Billions of yen)

RetailSolutions
BusinessGroupNet Sales
Operating Profit(Rate of Sales)

WorkplaceSolutions
BusinessGroupNet Sales
Operating Profit(Rate of Sales)

Net Sales
Consolidated
Total

Operating Profit(Rate of Sales)

FY2021

FY2021

FY2020

Forecast

Prev. Forecast(Aug.12)Actual

270.0

255.0

248.5

15.0

16.5

13.7

(5.6％)(6.5％)(5.5％)

175.0

175.0

158.9

0.0

4.5

△5.5(-%)(2.6%)

(-%)

440.0

420.0

15.0(3.4%)

Difference
vs. Previous
Forecast

vs. FY2020
Actual+15.0+21.5△1.5+1.3

0.0+16.1△4.5+5.5

405.7+20.0+34.3

21.08.3△6.0+6.7(5.0%)(2.0%)© 2021 Toshiba Tec Corporation

14FY2021 Forecast by Segment（Billions of yen）

RetailSolutions
BusinessGroupNet Sales
Operating Profit(Rate of sales)

WorkplaceSolutions
BusinessGroupNet Sales
Operating Profit(Rate of sales)

FY2021

FY2020DifferenceForecast(1H/2H)

Actual
(1H/2H)vs FY2020

270.0

248.5

+21.5

(131.1/138.9)（120.5/128.0)(+10.6/+10.9)

15.0

13.7

(5.7/9.3)（6.0/7.7)+1.3(5.6％)(5.5％)

175.0

158.9

+16.1

(87.8/87.2)(72.0/86.9)(+15.9/+0.2)

0.0△5.5(△1.4/1.4)(△6.9/1.4）

+5.5

(-%)

(-)

(△0.3/+1.6)(+5.5/0.0)© 2021 Toshiba Tec Corporation

15Retail Business:

Enhancement of solutions business by promoting collaboration and PoCs

Accelerate investments in partners to enhance solutions business
Investments in the partners and POCs implemented after April, 2021

（Investments）⚫ HARMONIA Inc.

⚫ Workstyle tech Ltd.
⚫ magee Co., Ltd.
⚫ (Capital and business alliance with) TOUCH TO GO⚫ SukimaWorks Inc.
⚫ Bespo Inc.

(*) Excerpt from Management Policy Briefing on May.28, 2021（PoCs）⚫
⚫
⚫

Image recognition cart POS system using AI implemented for unmanned register operationLaunch PoC to establish a FoodTech service by utilizing 「Smart Receipt®」
Implement DX initiatives to increase efficiency of cashier operation by self-register systemwith cart and smart phone© 2021 Toshiba Tec Corporation

16

Appendix© 2021 Toshiba Tec Corporation17

FY2021 Forecast : Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen2022/3E（2H）

Net Sales（Annual）

Operating Profit（Annual）

US$105 yen＋1.6 billion yen△0.1 billion yen

EUR

125 yen+0.3 billion yen＋0.2 billion yen© 2021 Toshiba Tec Corporation

18FY2021 Forecast:

Capital investment*, Depreciation and Amortization, R&D expenses（Billions of yen）

Capital investment,Depreciation and Amortization
25.0

R&D expenses

35.0
22.4
30.0

20.0
16.6
14.8

15.0

15.9

16.0

17.0

26.9

25.0

21.8

22.0

FY2020

FY2021
Forecast

20.0
15.0

10.0

10.0
5.0
5.0
0.0

0.0

FY2019
Capital Investment

FY2020

FY2021
Forecast
Depreciation & Amortization*Increase in property, plant and equipment and intangible assets(Including the impact of applying new lease accounting at overseas subsidiaries from FY2019)

FY2019R&D expenses© 2021 Toshiba Tec Corporation19

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.

© 2021 Toshiba Tec Corporation20

© 2021 Toshiba Tec Corporation21