FY2021 Consolidated
Business Results

May 11, 2022

© 2022 Toshiba Tec Corporation

Contents

01 FY2021 Review
02 FY2021 Consolidated Business Results
03 FY2022 Forecast© 2022 Toshiba Tec Corporation2

01

FY2021 Review© 2022 Toshiba Tec Corporation

3

FY2021 key achievements against our strategic objectives
Through FY2020 structural reforms, FY2021 executed
Proactive & Aggressive Management
ThemeStrategy① Partnership

Creation of newvalue

Adaptation tomarket changes

strategy

ResultStrengthen partnership within the industry
where we are focusing
Invested in 9 companies including Digital Garage, Inc.
for 6.3B yen

Establish aplatform inretail industry

Accelerated solutions expanding based on ELERA
Orders received from US retail major chain accountand domestic PoC started

Improve③profitability ofWorkplacebusiness

Despite huge impact of parts cost up, supply
constraints and shipping cost up, Workplace
Solutions Business Group turned to be profitable②© 2022 Toshiba Tec Corporation

4

02

FY2021 Consolidated BusinessResults© 2022 Toshiba Tec Corporation

5

FY2021 Business Results (Consolidated)(Billions of yen)
FY2021

ActualFY2021Forecast(7/FEB)FY2020

ActualNet Sales

445.3445.0

405.7

Operating Profit

11.6

15.0

8.3(2.6%)(3.4%)(2.0%)

10.2

12.0

7.2(2.3%)(2.7%)(1.8%)

5.4

8.0

7.1(1.2%)(1.8%)(1.8%)

40.00 yen

40.00 yen

US$112.05

EUR

130.54(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)

Dividends
Foreign currency
exchange rate(yen)Difference

vs FY2021
Forecast

vs FY2020
Actual+0.3+39.6△3.4+3.3△1.8+3.0

△2.6

△1.7

20.00 yen

0.00 yen+20.00 yen

111.96105.79+0.09+6.26

130.22123.21

+0.32

+7.33

© 2022 Toshiba Tec Corporation

6Operating Profit Analysis of FY2021 (vs FY2020)(Billions of yen)※This chart shows
profit transition

Impact of external
environment
Sales△27.9,
Profit△17.4
FY2020OperatingprofitReduction in
Fixed expenses

Structuralreform effect
FY2020
Furloughand others

Exchange
rate changes

FY2021
OperatingprofitParts
cost up

Parts shortage
Shipping
cost up

Sales volumeand others© 2022 Toshiba Tec Corporation7

FY2021 Business Results (Consolidated)(Billions of yen)
FY2021
1H ActualTotal

FY2021
2H Actual

Difference vsFY2021 1H

Net Sales

217.0

228.3+11.3

OperatingProfit

4.3

7.2+2.9(2.0％)(3.2％)(Rate of sales)【Operating Profit Analysis of FY2021】(Billions of yen)※This chart shows
profit transition
Reduction in
Fixed expenses

Exchange ratechanges

FY2021 1H
Operating
ProfitMix and others
Parts cost up
Parts shortage

Sales volume
Shipping
cost up

FY2021 2H
OperatingProfit© 2022 Toshiba Tec Corporation

8FY2021 Business Results by Segment(Billions of yen)
FY2021

ActualRetailSolutions
BusinessGroupFY2021

Forecast(7/FEB)FY2020

ActualNet Sales

267.0

267.0

248.5Operating
Profit

10.6

12.5

13.7

(4.0％)(4.7％)(5.5%)(Rate of sales)
3,000
2,500
2,000

267.0
16.4
24.2
66.6

1,500
1,000

159.8

5000

FY20212021年度

248.5

Difference

vs FY2021
Forecast

0.0+18.5

△1.9

△3.1

57.3

OthersEuropeAmericas

153.5

Domestic

13.5
24.2

FY20202020年度vs FY2020
Actual© 2022 Toshiba Tec Corporation

9FY2021 Business Results by Segment(Billions of yen)
FY2021

ActualWorkplaceSolutions
BusinessGroupFY2021

Forecast(7/FEB)FY2020

ActualNet Sales

182.1

183.0

158.9

Operating
Profit1.0

2.5△5.5(0.5%)(1.4%)(-%)(Rate of sales)
2,000
1,800
1,600

182.1
36.2

1,400
1,200
1,000

57.3

4002000vs FY2021
Forecastvs FY2020
Actual△0.9+23.2△1.5+6.5

158.9
30.8

Others49.6

Europe72.3

59.7

Americas

16.3

18.8

Domestic

2021年度FY2021

2020年度FY2020800600Difference© 2022 Toshiba Tec Corporation

10FY2021 Business Results by Segment(Billions of yen)
FY2021
1H Actual

WorkplaceSolutions
BusinessGroupFY2021
2H Actual

Difference vsFY2020 2H

Net Sales

87.8

94.3

87.0+7.3

OperatingProfit

△1.4

2.3

1.4+0.9(-％)(2.5％)(Rate of sales)【Operating Profit Analysis of FY2021】△0.5

FY2021 1H
Operating Exchange rate
Losschanges△0.2Parts
cost up

0.6△2.6
Parts shortage(1.7％)

Shippingcost up

2.4

0.9

2.7

(Billions of yen)※This chart shows
profit transition

Reduction in
Fixed expenses

2.9
△1.4

FY20202H Actual

Mix and others

FY2021 2H
OperatingProfit

Sales volume© 2022 Toshiba Tec Corporation

11

Balance Sheet

Capital adequacy ratio is 36.1% due to recovery of business result
Assets
289.3
52.2
63.9
42.9

310.3

Liabilities and Net Assets
310.3289.3

46.7

Cash and cash
equivalents

70.8

Notes and accounts
receivable- trade

54.5

22.8

22.0

107.5

116.3

2021/ 3E

2022/ 3E

179.4

192.6

109.9

117.7

2021/ 3E

2022/ 3E

(Billions of yen)

Liabilities

Inventories
Other current
assetsNon- current
assetsNet Assets© 2022 Toshiba Tec Corporation

12

Cash Flows

Implemented aggressive investment for future growth
150

150

100

10050

9.20

△ 50

△9.550

△0.3

△ 200

Cash Flows from operating activities

10.0

Cash Flows from investing activities

0△ 50

△4.2

Free Cash Flows△14.2△ 100△ 100△ 150(Billions of yen)

2020年度FY2020

△ 150

△ 200

2021年度FY2021© 2022 Toshiba Tec Corporation

13

03

FY2022 Forecast© 2022 Toshiba Tec Corporation

14

FY2022 Forecast (Consolidated)(Billions of yen)

FY2022Difference

FY2021

Forecast

vs FY2021 Actual

ActualNet Sales

450.0

445.3

Operating Profit

18.0

11.6

(4.0%)(2.6%)

15.5

10.2(3.4%)(2.3%)

8.0

5.4(1.8%)(1.2%)

50.00 yen

40.00 yen+10.00 yen

US$120.00

112.05+7.95

EUR135.00

130.54+4.46(Rate of sales)

Ordinary Profit(Rate of sales)

Profit Attributable toOwners of Parent(Rate of sales)

Dividends
Foreign currency
exchange rate (yen)

+4.7
+6.4
+5.3+2.6© 2022 Toshiba Tec Corporation15

Operating Profit Analysis of FY2022
Increase or decrease ofenvironment factors +10.7

Key measures’ effect △5.0

8.4

11.6

FY2021
Operatingprofit1.9
Shipping
cost

0.7
Exchange ratechanges(Billions of yen)

Fluctuation of external

Parts shortage

0.4
Parts cost※This chart shows
profit transition

1.4

Structuralreform

18.0
△6.4

Growth-oriented investment,
price up and others

FY2022
Operatingprofit forecast© 2022 Toshiba Tec Corporation16

FY2022 Forecast by Segment(Billions of yen)

FY2022Forecast

RetailSolutions
BusinessGroupNet Sales

WorkplaceSolutions
BusinessGroupNet Sales

Operating Profit(Rate of sales)

Operating Profit(Rate of sales)

Difference

FY2021vs FY2021 Actual

Actual

265.0

267.0

11.5

10.6

(4.3％)(4.0％)

195.0

182.1

6.5

1.0

(3.3%)(0.5%)△2.0+0.9+12.9+5.5© 2022 Toshiba Tec Corporation

17

Appendix© 2022 Toshiba Tec Corporation18

FY2022 Forecast: Impact of Currency Exchange Rate

Premise Rate

Effect of Depreciationby 1 yen (Annual)

FY2022Net Sales

Operating
Profit

US$120 yen＋1.7billion yen△0.1
billion yen

EUR135 yen+0.3
billion yen＋0.1
billion yen© 2022 Toshiba Tec Corporation

19FY2022 Forecast:
Capital investment*, Depreciation and Amortization, R&D expenses(Billions of yen)

Capital investment,Depreciation and Amortization
253530

20

15

R&D expenses

18.5
14.8

15.9

14.9

17.5

15.5

25

25.5
21.8

21.9

FY2020

FY2021

20151010505

FY2020Capital investment

FY2021

FY2022 Forecast

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

0FY2022 Forecast

R&D expenses© 2022 Toshiba Tec Corporation20

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.

© 2022 Toshiba Tec Corporation21

© 2022 Toshiba Tec Corporation22