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 Nine Months Ended December 31, 2020
[Japanese GAAP]
February 08, 2021
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: Takashi Mizuno
Senior Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: February 10, 2021
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 Nine Months Ended December 31, 2020 (April 01, 2020 to December 31, 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
Nine months ended
December 31, 2020
293,927(19.7)
3,197(76.1)
2,521(79.8)(3,374)
December 31, 2019
366,034
3.3
13,383(5.1)
12,4540.6
10,40813.5(Note) Comprehensive income:Nine months ended December 31, 2020:¥(5,164) million [-%]
Nine months ended December 31, 2019:¥
7,673 million [(2.1) %]Basic earnings
per share

Diluted earnings
per share

YenYenNine months ended
December 31, 2020
(61.34)
December 31, 2019189.31189.07(Note) Diluted earnings per share for the Nine months ended December 31, 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
Net assets
Capital adequacy ratio
Millionyen
Millionyen%
As ofDecember 31, 2020
261,110
90,57232.0
March 31, 2020
288,473
96,38430.3(Reference) Equity: As of December 31, 2020:¥83,563 million
As of March 31, 2020:¥87,399 million

12. DividendsAnnual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Year-end

Total

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.

No

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
Net sales
Operating profit
Ordinary profit
owners of parent
per 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
No

(39.4)

500(86.6)

9.09* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 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):December 31, 2020:
57,629,140 shares
March 31, 2020:
57,629,140 shares2) Total number of treasury shares at the end of the period:
December 31, 2020:
2,615,363 shares
March 31, 2020:
2,642,915 shares
3) Average number of shares during the period:
Nine months ended December 31, 2020:
Nine months ended December 31, 2019:

55,003,891 shares
54,977,699 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
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of December 31,2020

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

41,9494,406
52,88532,128
4,647
6,773
23,288(1,455)
164,624

46,04643,986

2,377
9,999
12,376

1,771
9,508
11,27941,520(19)
41,501
99,924288,473

41,311(90)
41,22096,486
261,110(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' equityAccumulated 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 December 31,2020

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

46,376499
1,543
65,355
113,775804
35,861
24,951
61,617
192,088

1,002
31,37924,38056,762
170,538

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

39,97057
42,116(5,368)76,775

1,208

1,377

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

(9)
7,511
(659)
(1,431)
6,787
57
6,951
90,572
261,110

Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2019
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 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 parent5For the nine months
ended December 31,2020

366,034
216,527
149,506
136,123
13,383

293,927
177,614116,313113,115
3,197

238
75
629
363
1,307

201
43
739
382
1,366

355
685
1,196
2,237
12,454

406
288
1,348
2,043
2,521

3
3

284
284

85
300
386
12,071
2,305
9,765
(643)
10,4087,203
7,203(4,397)595(4,993)(1,618)(3,374)

Quarterly Consolidated Statement of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2019Profit (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 nine months
ended December 31,2020

9,765(4,993)(47)(33)(1,836)5(180)(2,091)
7,673

168
(5)
(455)
(138)
259
(171)
(5,164)

8,496
(823)

(3,373)(1,791)