FY2022 Consolidated
Business Results

Toshiba Tec Corporation
May 11, 2023

© 2023 Toshiba Tec Corporation

Contents

01 Key Messages
02 FY2022 Consolidated Business Results
03 FY2023 Forecast© 2023 Toshiba Tec Corporation2

01Key Messages© 2023 Toshiba Tec Corporation

3

Key Messages
Significant YoY improvement both in sales (+15%) and operating profit(+39%) in FY2022- Two consecutive fiscal years of sales and profit growth since the COVID-19 starting inFY2020

Improved performance in 2H of FY2022 mainly in the WorkplaceSolutions Business- The Workplace Solutions Business achieved a ROS of 4.9% in 2H of FY2022

ROIC has improved by promoting management with capital efficiency- 5.7% in FY2021, 8.2% in FY2022

Free cash flow improved significantly from 1H- Free cash flow +16.8 billion yen mainly due to improvement of profit before income taxes,
working capital, etc.

FY2023 annual dividends are to increase to 45 yen while FY2022
dividends are 40 yen, including year-end 20 yen- Annual dividends for FY2023 are planned to be 45 yen, an increase of 5 yen © 2023 Toshiba Tec Corporation4FY2022 key achievements against our priority themes
Advance to become a global top solutions partner by creating new valuethat contributes to solving social issues through co-creation
Priority themes

Key achievements

Co-creation Ecosystem

The number of 「Smart receipt®」 membership

・Data utilization

has exceeded 1.25 million (*)

Maximized utilizationof comprehensive
global capabilities

Established an Innovation & Incubation HubStrengthening of
earning base in the
Workplace Solutions
Business

The business group realized an operating margin of(*) As of Mar. 31, 2023

in Dallas, Texas, U.S.

5% in 2H due to the effects of structural reforms andstructural transformation© 2023 Toshiba Tec Corporation

502
FY2022 Consolidated BusinessResults© 2023 Toshiba Tec Corporation6

FY2022 Business Results (Consolidated)(Billions of yen)

FY2022

FY2022

FY2021

ActualForecast(Feb 6)

ActualDifference
vs FY2022
Forecast (Feb 6)

vs FY2021
ActualNet Sales

510.8

510.0

445.3

+0.8+65.5

Operating Profit

16.1

14.0

11.6

+2.1

+4.5

(3.1%)(2.7%)(2.6%)

13.1

11.5

10.2+1.6+3.0(2.6%)(2.3%)(2.3%)△13.7△2.55.4△11.2△19.1(-%)(-%)(1.2%)

40Yen

40Yen

40Yen--US$135.11

134.54112.05+0.57+23.06

EUR140.86

139.55130.54+1.31+10.32(Rate of sales)

Ordinary Profit(Rate of sales)

Profit/loss Attributable toOwners of Parent(Rate of sales)

Dividends
Foreign Currency
Exchange Rate (Yen)© 2023 Toshiba Tec Corporation

7

Operating Profit Analysis of FY2022
SG&A
▲19.2

Gross Profit+23.7

11.6

Sales
volume+5.5
FY2021
OperatingProfitSalesmix

Impact ofexchange ratechanges+4.1+14.1

PersonnelExpenses

R&DOthers▲1.5▲1.6▲2.1(Billions of yen)

Impact ofexchange ratechanges

16.1

▲14.0
FY2022
OperatingProfit© 2023 Toshiba Tec Corporation

8

FY2022/1H,2H Business Results (Consolidated)(Billions of yen)

Net Sales

FY2022/2H

Difference

ActualActualvs FY2022/1H

243.9

266.9

+23.0

6.0

10.1

+4.1

(2.4%)(3.8%)

2.8

10.4(1.1%)(3.9%)△6.4△7.4(-%)

(-%)

20Yen

20Yen

-US$131.59

138.65+7.06

EUR

138.21143.53+5.32

Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Loss Attributable toOwners of Parent(Rate of sales)

Dividends
Foreign Currency
Exchange Rate (Yen)FY2022/1H+7.6△1.0© 2023 Toshiba Tec Corporation

9

FY2022 Business Results by Segment(Billions of yen)

Retail Solutions
Business GroupNet Sales

Operating Profit(Rate of sales)

350.0
300.0

FY2022

FY2022

FY2021

ActualForecast(Feb 6)

Actualvs FY2022
Forecast (Feb 6)

vs FY2021
Actual

297.0

287.0

267.0

+10.0

+30.0

9.2

8.0

10.6

+1.2

△1.4

(3.1%)(2.8%)(4.0%)

Sales by regions
297.0

250.0

23.8
28.8

200.0

88.4

267.0
16.4
24.266.6

150.0
100.0

Difference

OthersEuropeAmericas

Domestic
156.0

159.8

FY2022

FY202150.00.0© 2023 Toshiba Tec Corporation

10

FY2022/1H,2H Business Results by Segment(Billions of yen)

Retail Solutions
Business GroupFY2022/1H

FY2022/2H

Difference

ActualActualvs FY2022/1H

Net Sales
Operating Profit(Rate of sales)

145.5

151.5

+6.0

4.9

4.3

△0.6(3.3%)(2.9%)【Operating Profit Analysis of FY2022/1H,2H】
1.04.9(Billions of yen)

0.3
△0.4

△0.1
Exchange ratechanges

FY2022/1H
Operating Profit

Impact ofsupply
constraintsSales
volume4.3△1.4
Mix andothers
Fixedexpenses

FY2022/2H
Operating Profit© 2023 Toshiba Tec Corporation

11FY2022 Business Results by Segment(Billions of yen)

WorkplaceSolutions
Business GroupNet Sales
Operating Profit(Rate of sales)

250.0

200.0

150.0

FY2022

FY2022

FY2021

ActualForecast(Feb 6)

Actual0.0

vs FY2022
Forecast (Feb 6)

vs FY2021
Actual

217.7

228.0

182.1

△10.3

+35.5

6.9

6.0

1.0

+0.9

+5.9

(3.2%)(2.6%)(0.5%)

182.1

Others36.2

Europe57.3

Americas

Sales by regions
217.7
46.0
61.0

100.0

50.0Difference

Domestic
94.8

72.3

15.9

16.3

FY2022

FY2021© 2023 Toshiba Tec Corporation

12FY2022/1H,2H Business Results by Segment(Billions of yen)

WorkplaceSolutions
Business GroupFY2022/1H

FY2022/2H

Difference

ActualActualvs FY2022/1H

Net Sales

Operating Profit(Rate of sales)【Operating Profit Analysis of FY2022/1H,2H】
3.6

100.2

117.5+17.3

1.1

5.8+4.7(1.1%)(4.9%)(Billions of yen)

△0.1
Mix andothers

1.5

0.5

5.8
△0.8
Fixedexpenses

Sales
volume1.1
FY2022/1H Exchange
Operating Profit ratechangesImpact of
supplyconstraints

FY2022/2H
Operating Profit© 2023 Toshiba Tec Corporation

13Balance Sheet
Shareholders' equity and equity ratio decreased
due to reversal of deferred tax assets, etc.
AssetsLiabilities and Net Assets
310.7

310.3
46.7
70.8
54.5

Exchangeratechanges+4.0
Exchangeratechanges+3.0

43.8

Cash and cash
equivalents

74.3

Notes and accounts
receivables-trade,and contract assets

55.5

22.0

27.0

116.3

110.1

2022/3E

2023/3E

310.3

310.7

192.6

208.5

117.7

102.2

2022/3E

2023/3E(Billions of yen)

Liabilities

InventoriesOther current
assetsNon-current
assetsNet Assets© 2023 Toshiba Tec Corporation

14Cash Flows
Free cash flows in 2H increased significantly
due to improvement of profit before income taxes and working capital(Billions of yen)
290

290

290

290

240

240

240

240

190

190

190

190

140

140

140

140

90

90

90

90

4040

△10△1040

10.0△10△6040

△4.1
△14.2

3.0

△10△60△12.1

12FY2021

△160

△60

△110

△110

△110

△160

15.1

12
FY2022

△160

△8.1
△5.7

Cash flows fromoperating activities

23.2

Cash flows frominvesting activities

16.8

Free cash flows△6.4△60△13.8△110△16012
FY2022/1H

12
FY2022/2H© 2023 Toshiba Tec Corporation

1503
FY2023 Forecast© 2023 Toshiba Tec Corporation16

FY2023 Forecast (Consolidated)(Billions of yen)

FY2023

FY2022Difference

Forecast

Actualvs FY2022

Net Sales

520.0

510.8+9.2

Operating Profit

18.0

16.1

+1.9(3.5%)(3.1%)

15.0

13.1(2.9%)(2.6%)

7.0△13.7(1.3%)

(-%)

45Yen

40Yen

+5Yen

US$130.00

135.11△5.11

EUR140.00

140.86△0.86(Rate of sales)

Ordinary Profit(Rate of sales)

Profit/loss Attributable toOwners of Parent(Rate of sales)

Dividends
Foreign Currency
Exchange Rate (Yen)+1.9+20.7© 2023 Toshiba Tec Corporation

17

Operating Profit Analysis of FY2023 (vs FY2022)(Billions of yen)

2.1
8.7
Impact of
supplyconstraints

16.1

18.0
△8.4

△0.4
Exchange ratechanges

FY2022
Operating Profit
ActualSales
volumeMix andGrowth-oriented
investment

FY2023Operating Profit
Forecast© 2023 Toshiba Tec Corporation

18

FY2023 Forecast by Segment(Billions of yen)

Retail Solutions
Business GroupFY2022Difference

Forecast

Actualvs FY2022

Net Sales

307.0

297.0+10.0

Operating Profit

11.0

9.2+1.8(3.6%)(3.1%)

218.0

217.7+0.3

7.0

6.9+0.1(3.2%)(3.2%)(Rate of sales)

WorkplaceSolutions
Business GroupFY2023

Net Sales
Operating Profit(Rate of sales)© 2023 Toshiba Tec Corporation

19

Appendix© 2023 Toshiba Tec Corporation

20

FY2023 Forecast : Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen

FY2023

Net Sales（Annual）

Operating Profit（Annual）

US$130 yen＋1.8 billion yen△0.1 billion yen

EUR140 yen+0.3 billion yen＋0.1 billion yen© 2023 Toshiba Tec Corporation21

FY2023 Forecast:
Capital investment*, Depreciation and Amortization, R&D expenses(Billions of yen)

Capital investment*,
Depreciation and Amortization
2535
21.0

20

15

R&D expenses

17.6
14.9

15.5

16.8

29.0

30
18.0

25

24.5
21.9

20
15

10

105500
FY2021

Capital investment *FY2022

FY2023
Forecast

Depreciation and Amortization*The increase amount of tangible assets and intangible assets

FY2021

FY2022

FY2023
Forecast

R&D expenses© 2023 Toshiba Tec Corporation22

Forward-looking statements concerning Toshiba Tec's futureperformance 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.

© 2023 Toshiba Tec Corporation23

© 2023 Toshiba Tec Corporation24