FY2023 First Six Months
Consolidated Business Results

Toshiba Tec Corporation
Nov 13, 2023

© 2023 Toshiba Tec Corporation

Contents

01 Key Messages
02

FY2023 First Six Months
Consolidated Business Results

03 FY2023 Forecast© 2023 Toshiba Tec Corporation2

01
Key Messages© 2023 Toshiba Tec Corporation3

Key Messages
Operating profit for the 1st half of FY2023 remained the same level as
the same period of FY2022
Operating profit for the 2Q increased 3.3 billion yen from the 1Q
Strong performance by domestic retail business and workplace business in the 2Q

Operating profit attributable to owners of parent for the 1st half of
FY2023 increased by 8.5 billion yen versus the same period last year
The profit increased due to the absence of the one-time deteriorating impact ofextraordinary losses

Positive free cash flow was secured in the 1st half of FY2023
Free cash flow turned positive due to improved efficiency of internal funds and working
capital despite temporary deteriorating factors

The purchase of treasury shares was completed upon completion of
the Tender Offer
2,444,293 shares were purchased. Estimated EPS has improved as planned by the purchaseof treasury shares (purchase price of shares is 8.7 billion yen) .
© 2023 Toshiba Tec Corporation4

02
FY2023 First Six Months
Consolidated Business Results© 2023 Toshiba Tec Corporation

5

FY2023/1H Business Results (Consolidated)(Billions of yen)

Net Sales

FY2022/1H

Difference

ActualActualvs FY2022/1H

263.6

243.9+19.8

5.9

6.0

△0.0(2.2%)(2.4%)

3.7

2.8(1.4%)(1.1%)

2.2△6.4(0.8%)

(-%)

20Yen

20Yen-

US$139.93

131.59+8.34

EUR152.78

138.21+14.57

Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

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

Dividends
Foreign Currency
Exchange Rate (Yen)FY2023/1H+0.9+8.5© 2023 Toshiba Tec Corporation

6

FY2023/1H Business Results (Quarterly)(Billions of yen)

FY2023/1Q

FY2023/2Q

FY2023/1H

ActualActualActualNet Sales
Operating Profit(Rate of sales)

122.4

141.3

263.6

1.3

4.6

5.9

(1.1%)(3.3%)(2.2%)

Quarterly net sales and operating profit
134.6

136.3

130.6

109.3
5.8

5.8

Net sales

4.6

4.3

Operatingprofit

1.3

0.2
1Q

141.3122.42Q

3Q

FY20224Q

1Q

2Q

FY2023© 2023 Toshiba Tec Corporation7

Operating Profit Analysis
Gross Profit+11.7

SG&A
▲11.8

(Billions of yen)*This chart shows
profit transition

Sales
volume+5.8

Salesmix+2.1
6.0
FY2022/1H
Operating
ProfitImpact ofexchange ratechanges+3.8

PersonnelExpenses

▲3.1

R&D

▲2.2Others▲3.0
Impact ofexchange ratechanges▲3.4

5.9
FY2023/1H
OperatingProfit© 2023 Toshiba Tec Corporation8FY2023/1H Business Results by Segment(Billions of yen)

Retail Solutions
Business GroupNet Sales

FY2023/1H

FY2022/1HDifference

ActualActualvs FY2022/1H

149.6

145.5

+4.2

0.9

4.9

△4.0(0.6%)(3.3%)

Operating Profit(Rate of sales)

Sales by regions

180.0
160.0
140.0
120.0
100.0

149.6

145.5

12.1
12.2

11.2
14.1

Others44.2

Americas

40.9

80.0

Domestic

60.0
40.0

Europe84.4

76.0

FY2023/1H

FY2022/1H

20.00.0© 2023 Toshiba Tec Corporation

9

FY2023/1H Business Results by Segment (Quarterly)(Billions of yen)

Retail Solutions
Business GroupFY2023/1Q

FY2023/2Q

FY2023/1H

ActualActualActualNet Sales

69.1

80.5

149.6

Operating Profit△0.8

1.70.9(-%)(2.1%)(0.6%)(Rate of sales)

Quarterly net sales and operating profit
82.0

78.5

73.0

63.4
4.8

80.5

69.1
3.0

Net sales

1.7

1.3

Operatingprofit

0.1
△0.8
1Q

2Q

3Q
FY20224Q

1Q

2Q
FY2023© 2023 Toshiba Tec Corporation

10FY2023/1H Business Results by Segment(Billions of yen)

Workplace
Solutions
Business GroupNet Sales

FY2023/1H

FY2022/1H

Difference

ActualActualvs FY2022/1H

116.4

100.2+16.2

5.0

1.1+3.9(4.3%)(1.1%)

Operating Profit(Rate of sales)

Sales by regions
140.0
120.0
100.0
80.0

116.4
25.6

21.0
32.9

60.0
40.0

28.7

50.3

42.8

7.6

7.7

FY2023/1H

FY2022/1H

20.0
0.0

100.2

OthersEuropeAmericas

Domestic© 2023 Toshiba Tec Corporation

11FY2023/1H Business Results by Segment (Quarterly)(Billions of yen)

WorkplaceSolutions
Business GroupFY2023/1Q

FY2023/2Q

FY2023/1H

ActualActualActualNet Sales

54.5

61.9

116.4

Operating Profit

2.1

2.9

5.0

(3.9%)(4.7%)(4.3%)(Rate of sales)

Quarterly net sales and operating profit
53.4

46.8

2Q

3Q
FY20224Q2.9

2.1

1.2

Net sales

61.9

54.5

4.6

1.0

0.1
1Q

58.9

58.6

1Q

Operatingprofit2Q
FY2023© 2023 Toshiba Tec Corporation

12

Balance Sheet
AssetsLiabilities and Net Assets

310.7

Exchange rate
Impact+21.2

43.8
74.3
55.5

Exchange rate
Impact+5.1

Exchange rate
Impact

+4.2

326.8
44.6
75.6

310.7

27.0
110.1

116.2

2023/3E

2023/9E

326.8

Cash and cash
equivalents
Notes and accounts
receivables-trade,and contract assets

58.9

31.5

(Billions of yen)

208.5

227.8

Inventories

Liabilities

Other current
assetsNon-currentassets

102.299.0

2023/3E

2023/9E

Net Assets© 2023 Toshiba Tec Corporation

13

FY2023/1H Cash Flows(Billions of yen)

6.80.4△6.4△8.1

Cash flows fromoperating activities
Cash flows frominvesting activities
Free cash flows

△13.8
△5.7
12
FY2022/1H

12
FY2023/1H© 2023 Toshiba Tec Corporation

14

03
FY2023 Forecast© 2023 Toshiba Tec Corporation

15

FY2023 Forecast (Consolidated)(Billions of yen)

FY2023

FY2023

FY2022

Forecast

Prev. Forecast(Aug 7)

ActualDifference
vs Prev.
Forecast

vs FY2022
ActualNet Sales

540.0530.0510.8+10.0+29.2

Operating Profit

18.0

18.0

16.1-+1.9(3.3%)(3.4%)(3.1%)

15.0

15.0

13.1-+1.9(2.8%)(2.8%)(2.6%)

7.0

7.0△13.7-+20.7(1.3%)(1.3%)

(-%)

45Yen

45Yen

40Yen

-+5Yen

US$140.78*

132.71135.11+8.07+5.67

EUR

151.24*

143.46140.86+7.78+10.38(Rate of sales)

Ordinary Profit(Rate of sales)

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

Dividends
Foreign Currency
Exchange Rate (Yen)*Foreign currency exchange rates of FY2023/2H forecast are US$=140.00 yen, EUR=148.00 yen.
© 2023 Toshiba Tec Corporation

16FY2023 Forecast by Segment(Billions of yen)

Retail Solutions
Business GroupNet Sales

Operating Profit(Rate of sales)

WorkplaceSolutions
Business GroupNet Sales
Operating Profit(Rate of sales)

FY2023

FY2023

FY2022

Forecast

Prev. Forecast

Actual(Aug 7)

Difference
vs Prev.
Forecastvs FY2022
Actual

310.0

310.0

297.0

-+13.1

9.0

11.0

9.2

△2.0

△0.2

(2.9%)(3.5%)(3.1%)

235.0

226.0

217.7

+9.0

+17.3

9.0

7.0

6.9+2.0+2.1(3.8%)(3.1%)(3.2%)© 2023 Toshiba Tec Corporation

17

Membership of “Smart Receipt®” electronic receipt service
exceeded 1.5 million!
Membership has increased by 1.5 times
in approximately 1 year since exceeding
1 million members in October 2022
Smart Receipt :Change in number of members

Exceeds
1.5 million !

1.5 million people
1.2 million people
900,000 people
600,000 people
300,000 people© 2023 Toshiba Tec Corporation

18

Appendix© 2023 Toshiba Tec Corporation

19

FY2023 Forecast : Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen

FY2023/2HNet Sales（Annual）

Operating Profit（Annual）

US$140 yen＋1.7 billion yen△0.1 billion yen

EUR148 yen+0.4 billion yen＋0.2 billion yen© 2023 Toshiba Tec Corporation

20

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

Capital investment*,
Depreciation and Amortization
25352015

R&D expenses

17.6
14.9

15.5

19.0
16.8

30.0

30
18.0

25

24.5
21.9

2015

10

105500
FY2021

Capital investment*

FY2022

FY2023Forecast

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

FY2021

FY2022

FY2023
Forecast

R&D expenses© 2023 Toshiba Tec Corporation21

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.

© 2023 Toshiba Tec Corporation22

© 2023 Toshiba Tec Corporation23