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 Three Months Ended June 30, 2019
[Japanese GAAP]
August 07, 2019
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: http://www.toshibatec.co.jp/Representative: Takayuki Ikeda
President and CEO
Contact: Takashi Mizuno
Senior Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: August 09, 2019
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 Three Months Ended June 30, 2019 (April 01, 2019 to June 30, 2019)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent%
Million yen%
Million yen%
Million yen%
Million yen
Three months ended
June 30, 2019116,554
1.9
4,098
(4.0)
4,209
25.5
4,202
161.2
June 30, 2018
114,404
(1.1)
4,268
26.9
3,355
9.9
1,608
10.2
(Note) Comprehensive income:Three months ended June 30, 2019:¥
1,561 million [(15.6) %]Three months ended June 30, 2018:¥
1,849 million [(13.0) %]Basic earnings
per share

Diluted earnings
per shareYenYen
Three months ended
June 30, 2019
76.46
76.38
June 30, 201829.2729.24(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 that the shareconsolidation was executed at the beginning of the previous fiscal year.

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2019
March 31, 2019
(Reference) Equity:

Net assets

Capital adequacy ratio

Million yen

Million yen

294,651
275,055

100,624
100,758
91,207 million
90,898 million

As of June 30, 2019:
As of March 31, 2019:

¥¥

1%

31.0
33.0

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2019

-

4.00

-

30.00

-

Fiscal year ending March 31, 2020-

Year-end

Total

Fiscal year ending March 31, 2020

20.00
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 share consolidation 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 shareMillion yen% Million yen% Million yen

Six months ending
235,000
(0.5)
8,000
11.3
7,000
September 30, 2019
Full year
480,000
0.7 20,000
11.2 18,000(Note) Revision to the financial results forecast announced most recently:
No%

Yen

18.7% Million yen

4,600

6.8

83.70

9.3

12,0007.0

218.36* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2019(changes in specified subsidiaries resulting in changes in scope of consolidation):
New:(Company name:
Exclusion:(Company name:No(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):
June 30, 2019:57,629,140 shares
March 31, 2019:57,629,140 shares2) Total number of treasury shares at the end of the period:
June 30, 2019:
2,671,002 shares
March 31, 2019:
2,670,805 shares
3) Average number of shares during the period:
Three months ended June 30, 2019:
Three months ended June 30, 2018:

54,958,298 shares
54,940,482 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 was executed at thebeginning of the previous fiscal year.

2Quarterly Consolidated Financial Statement
Quarterly 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
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30, 201945,501
9,996
60,054
34,775
1,905
6,584
31,888(1,443)
189,263

56,738
5,078
53,21035,435
5,849
7,998
30,174(1,458)
193,027

28,29044,446

3,691
10,055
13,746

3,303
9,811
13,11543,909(153)
43,75585,792275,055

44,207(145)
44,061
101,624
294,651

(Million yen)
As of March 31, 2019
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
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 adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

4As of June 30, 201956,215383
1,800
68,374126,774

58,750374
2,069
72,748133,944

34,621
12,901
47,523
174,297

34,41925,66360,082
194,026

39,97045,103(5,474)
79,59939,97047,611(5,475)
82,106

1,835

1,532

21
9,111(458)78811,298147
9,712
100,758
275,055

(12)
7,302
(452)
730
9,100
147
9,269
100,624
294,651

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the three months)(Million yen)
For the three months
ended June 30, 2018
Net sales
Cost of sales
Gross 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 losses
Restructuring cost
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

5

For the three months
ended June 30, 2019

114,404
65,85548,54944,2804,268

116,554
67,922
48,63244,534
4,098

117
23
25
94
261

73
58
303
147
582

88
807
279
1,175
3,355

99
143
228
471
4,209

3,355
1,662
1,692
84
1,608

127
127
4,081
34
4,047
(155)
4,202

Quarterly Consolidated Statement of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30, 2018
ProfitOther comprehensive incomeValuation 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

6For the three months
ended June 30, 2019
1,692

4,047

107
19(22)(2)
55
156
1,849(303)(33)(2,096)6(58)(2,485)
1,561

1,489
360

2,003(442)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 firstquarter 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 the cumulative
effect of applying this standard on the effective date of application as a transitional measure as of the beginning of the first quarter ofthe 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 increasedby 14,230 million yen, and retained earnings decreased by 45 million yen. The impact of the application of said accounting standard
on profit and loss for the first quarter of the fiscal year under review was insignificant.

7