November 10, 2022
Listed company:
Representative:

Contact:

Toshiba Tec Corporation
Hironobu Nishikori
Representative Director
President and Chief Executive Officer(Securities code: 6588,
Tokyo Stock Exchange Prime Market)
Akira Abe
General 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, 2023 and year-end dividends forecast
Toshiba Tec Corporation (the “Company”) hereby announces that the consolidated financial results forecast
released on May 11, 2022 for the fiscal year ended March 31, 2023 and year-end dividends forecast has been revised
as follows.

1.Revision to the consolidated financial results forecast for the fiscal year ended March 31, 2023
(1) Revision to the consolidated financial results forecast for the fiscal year ended March 31, 2023 (April 1, 2022March 31, 2023)
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)450,000

18,00015,5008,000

145.21

Revised forecast (B)520,000

14,00010,000(2,500)(45.17)

Change (B)-(A)70,000(4,000)(5,500)(10,500)

15.6(22.2)(35.5)－

445,317

11,566

10,197

5,381

Net sales

Change (%)(Reference) Results of the previous
fiscal year (ended March 31, 2022)

97.68(2) Reasons for revision to the consolidated financial results forecast
Net sales in the consolidated financial results forecast for the fiscal year ended March 31, 2023 is expected
to increase in the previously announced forecast due to the increase in foreign exchange rates, the improvementof international cargo transportation and growth in the overseas forecast due to mainly net sales of Americas.
On the profit front, operating profit and ordinary profit are expected to decrease in the previously announced
forecast owing to factors such as the increase in the cost at foreign exchange rates and the increase in the costof international cargo transportation. Profit attributable to owners of parent is to decrease in the previously
announced forecast due to “Provision for loss on litigation” of ¥6,900 million related to a patent dispute as anextraordinary loss. For details of the patent dispute, please refer to “Notice regarding the recording ofextraordinary loss (Provision for loss on litigation)” released today (November 10, 2022). Based on thesefactors, 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, 2023 are ¥136.19 to the US dollar and ¥137.23 to the euro.

2. Revision of Dividend Forecast(1) Revision to the forecast for dividends
Annual dividends per share

Previously announced forecast

1stquarter-end

2ndquarter-end3rdquarter-end

Yen

Yen

Yen

Yen

Yen-

20.00

-

30.00

50.00

-

20.00

40.00

-

20.00

40.00

Revised forecast
Fiscal year ending March 31, 2023

-

20.00

Fiscal year ending March 31, 2022

-

20.00

Year-end

Total(2) Reasons for revision to the forecast for dividends
The Company will continue to aim for a continuous increase in dividends, with a consolidated dividend
payout ratio of around 30%, while considering strategic investments for medium to long-term growth.
As a result of comprehensive consideration of future financial results forecast and business environment,
the Company has revised the previously announced forecast year-end dividends per share from ¥30 to ¥20(the same amount as the previous year-end dividends), therefore the annual dividend per share forecast is 40
yen per share (the same amount as the previous annual dividends) for the fiscal year ended March 31, 2023.

(Supplementary information)
Consolidated sales forecasts by segment for the fiscal year ended March 31, 2023
Previouslyannounced
forecast (A)(Reference)
Results of theprevious fiscalyear (endedMarch 31, 2022)

Revised forecast(B)

Change (B)-(A)Million yen

Million yen

Million yen

Retail Solutions

265,000

297,000

32,00012.1

266,964

Workplace Solutions

195,000

228,000

33,00016.9

182,129

Eliminations(10,000)(5,000)5,000(50.0)(3,776)

Consolidated net sales

450,000

520,000

70,00015.6

445,317

Change (%)

Million yen

Consolidated operating profit forecasts by segment for the fiscal year ended March 31, 2023
Previously
announced
forecast (A)(Reference)
Results of theprevious fiscal
year (endedMarch 31, 2022)

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

Million yen

Million yen

Retail Solutions

11,50010,000(1,500)(13.0)

10,609Workplace Solutions

6,500

4,000(2,500)(38.5)

957

Consolidated operating profit

18,00014,000(4,000)(22.2)

11,566

Change (%)

Million yen

Average exchange rate forecasts for the fiscal year ended March 31, 2023
Previously
announced
forecast (A)Revised forecast(B)

Change (B)-(A)Change (%)(Reference)
Results of theprevious fiscal
year (ended
March 31, 2022)

yenyenyenAverage exchange rate
(Yen to the US dollar)yen

120.00136.19

16.19

13.5

112.05

Average exchange rate
(Yen to the euro)

135.00137.232.23

1.7

130.54*Financial results forecasts are based on information currently available to the Company and certain assumptions
deemed reasonable and are not intended to be the Company’s guarantee that they will be achieved. Actual results
may significantly vary due to a variety of factors.