FY2015 3Q
Consolidated Business Results

March 14, 2016

© 2016 Toshiba Tec Corporation

1.Correction of the Past FinancialResults
2.FY2015 3Q consolidated BusinessResults

3.FY2015 Forecast© 2016 Toshiba Tec Corporation2

Outline of the Correction of the Past Financial Results
 Toshiba Tec received a report from the Pension Actuary
fiduciary company whom Toshiba Tec outsource for theProjected Benefit Obligation (PBO) calculation that theyfound the incorrect calculation in the PBO of the past which
was caused by their own operation errors.
 Toshiba Tec postponed the announcement of FY2015 3 rdquarter financial results in order to make recalculation ofthe PBO and to make corrections to the past financial
results of FY2014 1st quarter to FY2015 2 nd quarter.
 In the correction of the financial results, other than thecorrection to the PBO, Toshiba Tec also made correction to
the immaterial errors of the same period.

© 2016 Toshiba Tec Corporation3

Impact of the correction of PBO on Financial Statement
 The balance of liability for retirement benefit was +1.6 billion
yen and the retained earnings was △1.0 billion yen at thebeginning of FY2014.
 Correction of retirement benefit cost has been reflected inFY2014 to FY2015/1H.

B/S(100 millions of Yen)FY2014FY2015/1H

Beginningbalance atFY2014

Correctionof cost

Total

Correctionof costTotal

Assets(Long-term deferred tax assets)

5.8

△0.1

5.7

△0.1

5.6

Liability16.4

△0.3

16.1

△0.3

15.8

△10.60.2

△10.4

0.2

△10.2

(Liability for retirement benefit )Net asset(Retained earnings)© 2016 Toshiba Tec Corporation4

FY2015/1H Financial Summary after the Correction
FY2015/1H P/L (Billions of yen)

Net Sales

Aftercorrection

Beforecorrection

Difference(*)

264.8

264.1+0.6(-)(Segment)
Retail Solutions Business
Printing Solutions Business

158.1
112.8

157.5
112.8+0.6(-)±0.0(-)

Operating Income (Loss)

0.1△0.5+0.7(+0.0)(Segment)
Retail Solutions Business
Printing Solutions Business

△6.5
6.6

△7.2
6.7＋0.8(+0.0)△0.1(+0.0)

Ordinary Loss

△1.7

△2.3+0.7(+0.0)

Loss attributable to ownersof parent△73.6△74.1+0.5(+0.0)

FY2015/9E B/S (Billions of yen)AftercorrectionBefore
correction

Difference(*)

Total assets

357.5

357.2

+0.3 (＋0.5)

Net assets

128.3

129.5

△1.2 (△0.9)*Figures in parenthesis represent the included number of PBO.
© 2016 Toshiba Tec Corporation5

1.Correction of the Past FinancialResults
2.FY2015 3Q Consolidated BusinessResults

3.FY2015 Forecast© 2016 Toshiba Tec Corporation

6

Key Points of FY2015/1-3Q Business Results In spite of the significant decrease in profit compared with theprevious year, in the last 3 months, there have been some signs ofrecovery in the overseas retail business (GCS) which was the major
factor for weak performance in the first half.
 There are no revisions to the forecast of FY2015 dated Nov 5, 2015.
Net Sales: 394.6 billion yen (YoY: +7.9 billion yen)
Increased by 2% compared over the previous year primarily due to the increase in theoverseas printing business and foreign currency exchange gains.
Operating Profit: 3.3 billion yen (YoY: △10.0 billion yen)In spite of the decrease by 10.0 billion yen compared with the same period a year earlier
mainly due to the weak performance of overseas retail business (GCS), there were somesigns of recovery in the 3 rd quarter and the operating profit increased exceeding the firsthalf result of 0.1 billion yen.
Loss attributable to owners of parent: △77.6 billion yen (YoY: △81.1 billion yen)
Decreased by 81.1 billion yen due to the drop in the operating income and the impairment
loss of GCS assets of 65.8 billion yen in the first half of the fiscal year.
FY2015 forecast:
No revision to the FY2015 forecast dated Nov.5, 2015 - Net sales of 530.0 billion yen,O/I of 6.0 billion yen, ordinary income of 2.0 billion yen and the loss attributable to ownersof parent of 79.0 billion yen.
(Note) GCS: Toshiba Global Commerce Solutions© 2016 Toshiba Tec Corporation

7

FY2015/1-3Q Results
FY2015(Billions of Yen)

Net Sales

1-2Q

3Q

1-3Q

264.8

129.8

394.6

FY2014

Difference

1-3Q

vs. FY14 1-3Q

386.7

+7.9(102%)(Growth rate)

0.1

3.2

3.3

13.3

△10.0

(0.0%)(2.4%)(0.8%)(3.4%)(△2.6%)

△1.7

1.4

△0.3

9.0

△9.2

(△0.6％)(1.1%)(△0.1％)(2.3%)(△2.4％)△68.81.0

△67.8

8.3

△76.2

(Rate of sales)(△26.0%)(0.8%)(△17.2%)(2.2%)(△19.4％)

Profit (Loss) attributableto owners of parent

△73.6

△4.0

△77.6

3.5

△81.1

(Rate of sales)(△27.8%)(△3.1%)(△19.7%)(0.9%)(△20.6%)

US$121.76

121.23121.58105.8215.76

EUR

134.55132.56133.89139.85△5.96

Operating Income(Rate of sales)

Ordinary Income (Loss)(Rate of sales)
Income (Loss) before income
taxes and minority interests

Foreign currency
exchange rate© 2016 Toshiba Tec Corporation8Operating Income Analysis of FY2015/1-3Q
The effect of the currency exchange rate change on gross profit and selling,
general & administrative expenses (SG&A) added up to △2.1 billion yen.
The major factor of decrease in the operating income was the increase in theSG&A.
Billions of yen

Gross Profit(increase of profit by1.6)

FY14/1-3Q
Operating + 5 . 3
IncomeCurrency
Exchange

SG&A(decrease of profit by 11.6)

Decrease inNet Sales△4.1+0.4
OthersCurrency
Exchange△7.4
R&D

13.3

△1.3+0.2

Others

Personnel△3.1
Expenses

FY15/1-3Q
Operating
Income3.3© 2016 Toshiba Tec Corporation

9FY2015/1-3Q Results by Segment
FY2015(Billions of yen)

RetailSolutions
BusinessGroupNet Sales
Operating
Income(Loss)

Net Sales

3Q

1-3Q

1-3Q

158.1

80.2

238.3

240.8

vs. FY14 1-3Q

Operating
IncomeNet Sales

△6.5

△0.8

△7.3

1.6

△8.9(△4.1%)(△1.0%)(△3.1%)(0.7%)(△3.8%)

112.8

52.5

165.3

155.1

+10.2(107%)

6.6

4.0

10.6

11.7

△1.1

(5.8%)(7.6%)(6.4%)(7.6%)(△1.2%)

264.8

129.8

394.6

386.7

+7.9

(Growth rate)

OperatingIncome(Rate of Sales)△2.5(99%)(Growth rate)(Rate of Sales)

Consolidated
Total

1-2Q

Difference(Growth rate)(Rate of Sales)

PrintingSolutions
BusinessGroupFY2014(102%)

0.1

3.2

3.3

13.3

△10.0(0.0%)(2.4%)(0.8%)(3.4%)(△2.6%)(Note) The figures of FY14 are converted into new segment© 2016 Toshiba Tec Corporation

10

Retail Solutions Business GroupFY2015(Billions of yen)

RetailSolutions
BusinessGroupNet Sales

FY2014

1-2Q

3Q

1-3Q

1-3Q

158.1

80.2

238.3

240.8

Difference
vs. FY14 1-3Q

(Growth rate)

Operating
Income(Loss)(Rate of Sales)

△2.5
(99%)

△6.5

△0.8

△7.3

1.6

△8.9

(△4.1%)(△1.0%)(△3.1%)(0.7%)(△3.8%)◆ POS system for Japanese market, etc.
A wait-and-see attitude for the new roll-out plan continued at retailers andrestaurants. Specifically, net sales to specialty stores and shopping centerdecreased against the previous year.
◆ POS system for overseas markets, etc
Although the total sales of the first 9 months of FY2015 decreased, there havebeen some signs of recovery and net sales grew in the last 3months .(compared to the previous year/ in local currency basis)© 2016 Toshiba Tec Corporation11Printing Solutions Business GroupFY2015(Billions of yen)

PrintingSolutionsBusinessGroupNet Sales

FY2014

1-2Q

3Q

1-3Q

1-3Q

112.8

52.5

165.3

155.1

Difference
vs. FY14 1-3Q

(Growth rate)

Operating
Income(Rate of Sales)+10.2(107%)

6.6

4.0

10.6

11.7

△1.1

(5.8%)(7.6%)(6.4%)(7.6%)(△1.2%)◆ MFP for overseas market, etc.
Net sales in the Americas and Europe were flat but grew in Asian countries ona local currency basis. Including the currency exchange gains, sales inAmericas increased. Total sales increased by 107% against the previous year.

© 2016 Toshiba Tec Corporation

12

Consolidated Balance Sheets (1)Total Assets
416.8 billion yen
352.0 billion yen
13%（vs 15/3E: △64.7 billion yen）

[55.0]

26%[107.1]17%[61.0]Cash and Cash11%

equivalents[37.7]
Intangible
assets61%72%[254.7][253.3]15/3E

15/12E

Others◆ Cash and Cash Equivalents:
Increased by 6.0 billion yen as aresult of the increase of short-termloans payable and the decrease ofoperating cash flows.
◆ Intangible Assets:
Decreased by 69.4 billion yen due
to the impairment loss of GCS’s
assets in the first half of FY2015.

Note: Figures in parentheses represent the itemized balance (billions of yen).
© 2016 Toshiba Tec Corporation

13Consolidated Balance Sheets (2)Liabilities and Net Assets
416.8 billion yen

352.0 billion yen（vs 15/3E: △64.7 billion yen）

51%

Liabilities[213.7]65%[228.3]

NetAssets

49%[203.1]35%◆ Liabilities
Increased by 14.6 billion yen as aresult of offset in the decrease ofnotes and accounts payable-trade by
16.0 billion yen and the increase ofshort-term loans payable by 24.5
billion yen.
◆ Net Assets
Decreased by 79.5 billion yen due tothe impairment loss of GCS’s assets
in the first half of FY2015.

[123.7]15/3E

15/12E

Note: Figures in parentheses represent the itemized balance (billions of yen).
© 2016 Toshiba Tec Corporation

14

1.Correction of the Past Financial
Results
2.FY2015 3Q Consolidated BusinessResults

3.FY2015 Forecast© 2016 Toshiba Tec Corporation

15

FY2015 Forecast, Overall(Billions of Yen)FY2015FY2015

FY2014

Forecast

Forecast

Actual(Nov 5th)

Net Sales

530.0

530.0524.6(Achievement rate/Growth rate)

Operating Incomevs.
FY2015 FC(Nov 5th)

vs.
FY2014±0.0+5.4(100%)(101%)

6.0

6.0

17.1±0.0△11.1(1.1%)(1.1%)(3.3%)(0.0%)(△2.2%)

2.0

2.0

10.4±0.0△8.4(0.4%)(0.4%)(2.0%)(0.0%)(△1.6%)

△79.0

△79.0

△1.1±0.0△77.9(△14.9%)(△14.9%)(△0.2%)(0.0%)(△14.7%)

US$120.00

120.00109.16±0.00+10.84

EUR132.00

132.00139.43

±0.00

△7.43

(Rate of sales)

Ordinary Income(Rate of sales)
Loss attributable toowners of parent(Rate of sales)
Foreign currency
exchange rate

Difference© 2016 Toshiba Tec Corporation

16

FY2015 Forecast by Segment(Billions of yen)

RetailSolutions
BusinessGroupNet Sales
Operating
Loss

Net Sales

FY2014

Forecast

Forecast

Actual

322.0

319.0

(Nov 5th)

324.4

Operating
IncomeNet Sales(Rate of Sales)vs.
FY2015 FC(Nov 5th)

vs.
FY2014+3.0△2.4(101%)

(99%)

△7.0

△0.4

±0.0

△6.6(△2.2%)(△2.2%)(△0.1%)(0.0%)(△2.1%)

224.0227.0

213.1△3.0+10.9(99%)(105%)

13.0

13.0

17.5±0.0△4.5(5.8%)(5.7%)(8.2%)(0.1%)(△2.4%)

530.0

530.0

524.6±0.0+5.4(100%)(101%)(Achievement rate/Growth rate)

Operating
IncomeDifference△7.0(Achievement rate/Growth rate)(Rate of Sales)

Consolidated
Total

FY2015(Achievement rate/Growth rate)(Rate of Sales)

Printing
Solutions
BusinessGroupFY2015

6.0

6.0

17.1

±0.0

△11.1

(1.1%)(1.1%)(3.3%)(0.0%)(△2.2%)(Note) The figures of FY14 are converted into new segment.

© 2016 Toshiba Tec Corporation17

Human Smart Community
by Lifenology – the technology life requires© 2015 Toshiba Tec Corporation18

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.

© 2016 Toshiba Tec Corporation19

© 2016 Toshiba Tec Corporation20