Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2016
(Based on Japanese GAAP)
November 8, 2016
Company name:TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

6588
URL http://www.toshibatec.co.jp/President and CEO
Takayuki Ikeda

Inquiries:

Senior Manager of Corporate
Communications DivisionTakashi Mizuno

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:TEL

03-6830-9151

November 11, 2016
–Yes
Yes

(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2016 (from April 1, 2016 to September 30, 2016)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2016
Six months ended September 30, 2015

Millions of yen
243,412
264,757

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(8.1)
6,443
–
7,560
–
4,310
–
3.3
122 (98.9)(1,679)–(73,604)–Earnings per share

Diluted earnings per share

Yen
15.69
(268.04)

Six months ended September 30, 2016
Six months ended September 30, 2015

Yen
15.67
–

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
251,645
281,615

As of September 30, 2016
As of March 31, 2016

Equity ratio

Millions of yen
63,03670,359

%
20.9
20.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2016
Year ending March 31, 2017

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen–

Yen
0.00

Yen
0.00

–––

Year ending March 31, 2017 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Net sales
Full year

Millions of yen
490,000Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
(8.0)
14,000 873.9
13,000–5,000–
18.20

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2016(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2016

288,145,704 shares As of March 31, 2016

288,145,704 shares

Number of treasury shares at the end of the period
As of September 30, 2016

13,439,511 shares As of March 31, 2016

13,505,268 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2016

274,663,320 shares Six months ended September 30, 2015

2274,604,148 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2016

As of September 30, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade22,21776,47032,74859,892Merchandise and finished goods
Work in process

38,4681,960

34,974
1,801

Raw materials and supplies
Other

6,428
51,922

5,547
39,783

Allowance for doubtful accounts(2,774)(2,579)Total current assets

194,694

172,168

31,34529,520Goodwill
Other

8,633
8,307

6,818
7,791

Total intangible assets

16,94014,609Investments and other assets
Other

Non-current assets
Property, plant and equipment
Intangible assets

38,63735,384

Allowance for doubtful accounts

(61)

(74)

Total investments and other assets

38,57635,31086,86279,4405936281,615

251,645

Total non-current assets
Deferred assets
Total assets3

(Millions of yen)
As of March 31, 2016

As of September 30, 2016

Liabilities
Current liabilities
Notes and accounts payable - trade71,175

61,121

Short-term loans payable
Accounts payable - other

3,407
29,557

1,184
28,471

Income taxes payable
Other

3,643
50,8193,156
46,424

Total current liabilities

158,604

140,359

Non-current liabilities
Net defined benefit liability

38,68737,583

Other

13,965

10,666

Total non-current liabilities

52,652

48,249211,256

188,609Capital stock
Capital surplus

39,97052,97039,97052,981Retained earnings
Treasury shares(41,006)(5,523)(36,696)(5,496)

Total shareholders' equity

46,411

50,760Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

1,476

1,309

Deferred gains or losses on hedges
Foreign currency translation adjustment

71
11,740(1)
3,024

Amount of minimum pension debt adjustment
Remeasurements of defined benefit plans(461)(1,857)(500)(1,948)

Total accumulated other comprehensive income

10,9691,884

Subscription rights to shares
Non-controlling interests

116
12,862

120
10,270Total net assets

70,35963,036281,615

251,645

Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended

Six months ended

September 30, 2015

September 30, 2016

Net sales
Cost of sales

264,757
152,257

243,412141,372

Gross profit

112,500

102,039

Selling, general and administrative expenses

112,378

95,596122

6,443Interest income
Dividend income

28564

134
66

Foreign exchange gains
Other

413
225

2,004
212

Total non-operating income

988

2,418

407

336

103
987

58
155

1,291

751

Operating income
Non-operating income

Non-operating expenses
Interest expenses
Loss on sales and retirement of non-current assets
Loss on valuation of derivatives
Other

2,790

1,301

Ordinary income (loss)

Total non-operating expenses(1,679)7,560

Extraordinary losses
Impairment loss

66,246–

626
290

783–

Restructuring cost
Loss on transfer of businessTotal extraordinary losses

67,163

783

Profit (loss) before income taxes(68,843)

6,776

Income taxes

3,966

3,359

Profit (loss)(72,809)

3,416

795

(894)

(73,604)

4,310

Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Six months ended

Six months ended

September 30, 2015

September 30, 2016

(72,809)

3,416

68(0)

(168)
(72)

Foreign currency translation adjustment
Minimum Pension Liability Adjustment

(441)
(1)

(10,100)(27)

Remeasurements of defined benefit plans, net of tax

313

(89)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(61)(10,458)

Comprehensive income

Total other comprehensive income(72,870)(7,041)

Comprehensive income attributable toComprehensive income attributable to owners of parent(73,440)(4,774)570(2,267)

Comprehensive income attributable to non-controllinginterests

6Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit (loss) before income taxes

Six months ended

Six months ended

September 30, 2015

September 30, 2016

(68,843)

6,776

10,133
66,246

7,915–

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability

(150)
377

224
(91)

Interest and dividend income
Interest expenses

(349)
407

(200)
336

Loss (gain) on sales and retirement of property, plant andequipment

103

58

Restructuring cost
Loss (gain) on transfer of business

626
290

783
–

Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories

5,375(2,890)

8,701
1,088

Increase (decrease) in notes and accounts payable - trade
Other, net(15,755)(1,577)(1,984)
3,094

Subtotal(6,006)

26,702295(356)

184
(381)

Income taxes paid

(4,153)(2,459)Net cash provided by (used in) operating activities(10,221)24,045Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment(5,765)531(2,916)69

Purchase of intangible assets
Proceeds from transfer of business(1,685)600(1,090)–Purchase of investment securities
Net decrease (increase) in short-term loans receivable(12)(1,091)

(7)
(6)

(3)
8(21)
5(1,279)–Depreciation
Impairment loss

Interest and dividend income received
Interest expenses paid

Cash flows from investing activities

Payments of long-term loans receivableCollection of long-term loans receivable
Purchase of shares of subsidiaries resulting in change in scopeof consolidation
Other, net

8145(8,617)(3,922)

Net increase (decrease) in short-term loans payable
Repayments of finance lease obligations

22,792(1,488)(2,072)(1,421)

Purchase of treasury shares
Cash dividends paid

(12)
(1,921)

(3)
(2)

(895)
42(323)39

18,516(3,784)49(6,234)

Net increase (decrease) in cash and cash equivalents(272)

10,103

Cash and cash equivalents at beginning of period

54,964

22,660Cash and cash equivalents at end of period

54,692

32,764

Net cash provided by (used in) investing activities
Cash flows from financing activities

Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

7