April 27, 2022
Company:
Toshiba Tec Corporation
Representative: Hironobu Nishikori
Representative Director
President and Chief Executive Officer(Securities code: 6588,
Tokyo Stock Exchange Prime Market)
Contact:
Akira Abe
Senior Manager of Corporate
Communications Division(Tel: +81-3-6830-9151)

Notice of revision to the consolidated financial results forecast for
the fiscal year ended March 31, 2022 and the reversal of some deferred tax assets
Toshiba Tec Corporation hereby announces that the consolidated financial results forecast released on February 7,
2022 for the fiscal year ended March 31, 2022 has been revised as follows and the reversal of some deferred tax
assets.

(1) Revision to the consolidated financial results forecast for the fiscal year ended March 31, 2022
Revision to the consolidated financial results forecast for the fiscal year ended March 31, 2022 (April 1, 2021March 31, 2022)
Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share

Million yen

Million yen

Million yen

Million yen

Yen

Previously announced forecast (A)445,000

15,00012,0008,000

145.38

Revised forecast (B)445,000

11,50010,0005,50099.83

Change (B)-(A)－(3,500)(2,000)(2,500)Change (%)－(23.3)(16.7)(31.3)

405,694

8,263

7,193

7,126

Net sales(Reference) Results of the previous
fiscal year (ended March 31, 2021)

129.55(2) Reason for revision to the financial results forecast
Net sales in the consolidated financial results forecast for the fiscal year ended March 31, 2022 are expected
to be in line with the previously announced forecast in general. And on the profit front, operating profit andordinary profit declined in contrast with the previously announced forecast owing to factors such as
semiconductor shortage, soaring prices of components, tightness in international cargo transportation,
increased shipping costs and delays in product supply due to lockdowns in some areas of China. In addition,
profit attributable to owners of parent is expected to decline due to Toshiba Tec’s planning to reverse somedeferred tax assets on a non-consolidated basis. Based on these factors, the consolidated financial results
forecast for the fiscal year has been revised as above.
The reference exchange rates used in the consolidated financial results forecast for the fiscal year ended
March 31, 2022 are ¥112.05 to the US dollar and ¥130.54 to the euro.
Furthermore, there is no revision to the year-end dividend from 20 yen per share (annual dividend of 40 yen)released on February 7, 2022.

(3) About the reversal of some deferred tax assets
Toshiba Tec’s planning to reverse some deferred tax assets about 2,873 million yen on a non-consolidated
basis, as a result of careful consideration of the recoverability of deferred tax assets, taking into consideration
future business performance trends and other factors. Since the same amount will be affected in the consolidated
financial statements, it is reflected in the above revised forecasts.

(Supplementary information)
Consolidated sales forecasts by segment for the fiscal year ended March 31, 2022
Previously
announced
forecast (A)(Reference)
Results of theprevious fiscal
year (endedMarch 31, 2021)

Revised forecast(B)Change (B)-(A)Million yen

Million yen

Million yen

Retail Solutions

267,000

267,000－－

248,470

Workplace Solutions

183,000

182,000(1,000)(0.5)

158,925

Eliminations(5,000)(4,000)1,000(20.0)(1,701)

Consolidated net sales

445,000

445,000－－

405,694

Change (%)

Million yen(Note) Figures for the fiscal year ended March 31, 2021 shown above have been reclassified into new segmentcategories effective from the fiscal year ended March 31, 2022.

Consolidated operating profit forecasts by segment for the fiscal year ended March 31, 2022
Previouslyannounced
forecast (A)(Reference)
Results of theprevious fiscalyear (endedMarch 31, 2021)

Revised forecast(B)Change (B)-(A)Million yen

Million yen

Million yen

Retail Solutions

12,50010,500(2,000)(16.0)

13,741

Workplace Solutions

2,500

1,000(1,500)(60.0)(5,477)

Consolidated operating profit

15,00011,500(3,500)(23.3)

8,263

Change (%)

Million yen(Note) Figures for the fiscal year ended March 31, 2021 shown above have been reclassified into new segmentcategories effective from the fiscal year ended March 31, 2022.