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 Six Months Ended September 30, 2020
[Japanese GAAP]
November 09, 2020
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: https://www.toshibatec.co.jp/President and CEO
Representative: Hironobu Nishikori
Senior Manager of Corporate Communications Division
Contact: Takashi Mizuno
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: November 11, 2020
Scheduled date of commencing dividend payments: 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, 2020 (April 01, 2020 to September 30, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Six months ended
September 30, 2020
191,735(23.3)(930)(1,388)(6,968)September 30, 2019249,907
5.9
10,174
41.6
9,675
64.1
7,889
83.2
(Note) Comprehensive income:Six months ended September 30, 2020:¥(8,770) million [-%]
Six months ended September 30, 2019:¥4,120 million [(17.6) %]Basic earnings
per share

Diluted earnings pershare

YenYenSix months ended
September 30, 2020
(126.71)
September 30, 2019143.51
143.33(Note) Diluted earnings per share for the six months ended September 30, 2020 is not presented even though The Company has issued
potential shares, because the per share data is a net loss per share.
(2) Consolidated Financial Position

Total assets
Million yen
As ofSeptember 30, 2020
257,874
March 31, 2020
288,473(Reference) Equity: As of September 30, 2020:
As of March 31, 2020:

Net assets

Capital adequacy ratio

Million yen¥¥

1

86,96996,38479,540 million
87,399 million

%

30.8
30.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2020

-

20.00

-

10.00

30.00

Fiscal year ending March 31, 2021

-

0.00
---

Fiscal year ending March 31, 2021
(Forecast)(Note) Revision to the forecast for dividends announced most recently:(Note) The forecast for dividends of year end is undecided.

Year-end

TotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021(April 01, 2020 to March 31, 2021)(% indicates changes from the previous corresponding period.)Profit attributable to Basic earnings perNet sales
Operating profit
Ordinary profit
owners of parent
share%

Million yen%

Million yen%

Yen

Full year
400,000 (17.3)
10,000 (28.5)(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

7,000
Yes

(39.4)

500(86.6)

9.09* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2020(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:(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, 2020:
57,629,140 sharesMarch 31, 2020:
57,629,140 shares2) Total number of treasury shares at the end of the period:
September 30, 2020:
2,617,050 shares
March 31, 2020:
2,642,915 shares
3) Average number of shares during the period:
Six months ended September 30, 2020:
Six months ended September 30, 2019:

54,998,810 shares
54,972,777 shares2))
YesQuarterly Consolidated Financial Statement
Quarterly Consolidated Balance Sheet(Million yen)
As of March 31,2020
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 September 30,2020

44,907
8,394
59,70133,502
4,974
8,026
30,435(1,393)
188,549

35,415
485
58,46931,542
3,957
6,601
24,517(1,477)
159,51046,04645,5052,3779,999
12,376

1,968
9,906
11,874

41,520(19)
41,501
99,924288,473

41,075(91)
40,98398,363257,874(Million yen)
As of March 31,2020
Liabilities
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

4

As of September 30,2020

54,775346
3,845
71,503
130,471

43,723422
1,399
67,770113,316804
35,861
24,951
61,617
192,088870
31,41425,30357,588
170,904

39,97024
46,040(5,422)80,612

39,97055
38,521(5,371)73,176

1,208

1,537

(4)
7,795(521)(1,691)
6,786
110
8,873
96,384288,473

(3)
6,894
(538)
(1,526)
6,363
64
7,364
86,969257,874

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 30,2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Gain on valuation of derivatives
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange losses
Foreign withholding tax
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sales of investment securities
Reversal of environmental expenses
Total extraordinary income
Extraordinary losses
Impairment loss of non-current assets
Restructuring cost
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Loss attributable to non-controlling interests
Profit (loss) attributable to owners of parent

5For the six months
ended September 30,2020

249,907
147,446
102,461
92,287
10,174

191,735
116,73175,00375,933
(930)

144
54
2
217
419

150
22
387
220
780

209
13
695
918
9,675

263
164
208
601
1,238
(1,388)

3
3

284
284

85
291
376
9,301
1,661
7,640
(249)
7,889

6,630
6,630
(7,735)470(8,205)(1,236)(6,968)

Quarterly Consolidated Statement of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2019Profit (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 toOwners of parent
Non-controlling interests

6

For the six months
ended September 30,2020

7,640(8,205)(257)(33)(3,132)20(116)(3,520)4,120

329
0(1,042)
(16)
164
(564)
(8,770)

4,704
(584)

(7,391)(1,378)

Quarterly Consolidated Statement of Cash Flows(Million yen)
For the six months
ended September 30,2019
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation and amortization
Loss (gain) on sales of investment securities
Reversal of environmental expenses
Impairment loss of non-current assets
Restructuring cost
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payablesOther, net
SubtotalInterest and dividends received
Interest paid
Payment for extra retirement payments
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net decrease (increase) in short-term loans receivable
Long-term loan advances
Collection of long-term loans receivable
Payments for acquisition of businessesOther, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of finance lease obligations
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
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

7For the six months
ended September 30,2020

9,301
8,134
(3)
85
291
(88)
(750)
(199)
209
(3,573)(3,054)
4,732
1,315
16,400172(199)(2,042)408
14,740(7,735)
7,932
(284)
6,630
154
(4,171)
(172)
263
1,262
4,263
(10,747)
1,239(1,362)
197(260)(6,154)(2,787)20(10,347)(5,102)92(1,468)
(517)
3
0(0)
4(20)
(7,009)(4,097)66(1,006)
(36)
11
32
(3)
2(124)(67)(5,224)109(2,346)
470
(38)
(2)
(1,646)(284)(3,737)(89)(1,571)
207
(6)
(550)
(130)
(2,141)(2,418)311

1,574
55,49857,072(17,401)
53,30235,900