Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended December 31, 2018
[Japanese GAAP]
February 07, 2019
Company name: TOSHIBA TEC CORPORATION
Stock exchange listing: Tokyo
Code number: 6588
URL: http://www.toshibatec.co.jp/
Representative: Takayuki Ikeda
President and CEO
Contact: Takashi Mizuno
Senior Manager of Corporate Communications Division
Phone: 03-6830-9151
Scheduled date of filing quarterly securities report: February 12, 2019
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2018 (April 01, 2018 to December 31, 2018)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period)
Profit attributable toNet sales
Operating profitOrdinary profit
owners of parent%
Million yen%
Million yen%
Million yen%
Million yen
Nine months ended
December 31, 2018354,417(4.7)
14,103(18.1)
12,383(22.4)
9,168(22.1)
December 31, 2017
371,933
2.0
17,22364.2
15,95064.5
11,766136.8(Note) Comprehensive income:Nine months ended December 31, 2018:¥7,839 million [(51.6) %]Nine months ended December 31, 2017:¥16,195 million [410.9%]
Basic earnings
per share

Diluted earnings pershare

YenYenNine months ended
December 31, 2018166.84166.61
December 31, 2017
214.15213.91(Note)The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018. Accordingly, the figures for basic earnings per share and diluted earnings per share have been calculated assuming that theshare consolidation was executed at the beginning of the previous fiscal year.

(2) Consolidated Financial Position
Total assets
As ofDecember 31, 2018271,798
March 31, 2018282,630(Reference) Equity: As of December 31, 2018:
As of March 31, 2018:

Net assets

Million yenCapital adequacy ratio

Million yen¥¥

1

97,652
93,21587,937 million
82,518 million

%

32.4
29.2

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2018

-

3.00

-

5.00

8.00

Fiscal year ending March 31, 2019

-

4.00

-

Year-end

Total

Fiscal year ending March 31, 2019

20.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
NoThe Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.
Accordingly, the amount of the year-end dividend per share for the year ending March 31, 2019 (Forecast) takes this shareconsolidation into account and disclosure of the total annual dividends per share is described as "-". For details, please refer to"Dividends and consolidated earnings forecasts after the share consolidation".
3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2019 (April 01, 2018 to March 31, 2019)(% indicates changes from the previous corresponding period)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Million yen%

Million yen%

Yen

Full year
490,000(4.5)
19,000(22.6)
16,000(29.7)
10,000(42.9)
182.01(Note) Revision to the financial results forecast announced most recently:
Yes
Basic earnings per share for consolidated earnings forecast for the year ending March 31, 2019 takes the share consolidation intoaccount. For details, please refer to "Dividends and consolidated earnings forecasts after the share consolidation".

2* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2018(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:
Exclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2018:
57,629,140 shares
March 31, 2018:
57,629,140 shares2) Total number of treasury shares at the end of the period:
December 31, 2018:
2,670,191 shares
March 31, 2018:
2,688,267 shares
3) Average number of shares during the period:
Nine months ended December 31, 2018:
Nine months ended December 31, 2017:

54,953,396 shares
54,944,571 shares(Note)The Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.
Accordingly, the figures for total number of issued shares (common shares), total number of treasury shares at the end of the period,
and average number of shares during the period have been calculated assuming that the stock split was executed at the beginning of theprevious fiscal year.

*(Dividends and consolidated earnings forecasts after the share consolidation)
At the 93th Annual General Meeting of Shareholders of TOSHIBA TEC CORPORATION held on June 26, 2018, it was approved tocarry out the share consolidation at a ratio of one for every five common shares, effective on October 01, 2018.
Accordingly, the Company carried out the share consolidation at a ratio of one for every five common shares, effective on October 01,
2018.
On the assumption that share consolidation is not carried out, dividends and consolidated earnings forecasts for the year ending March
31, 2019 are as follows:(1) Dividends forecast for the year ending March 31, 2019
Dividends per share
Year-end : 4 yen(2) Consolidated earnings forecast for the year ending March 31, 2019
Basic earnings per share
Full year : 36.40 yen

3Quarterly Consolidated Financial Statement
Quarterly Consolidated Balance Sheet(Million yen)
As of March 31, 2018
AssetsCurrent assets
Cash and deposits
Group Deposits PaidNotes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current Assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of December 31, 201857,35567,99632,885
1,525
6,758
32,775(1,925)
197,373

44,912
10,002
51,13635,302
2,075
7,799
35,130(1,593)
184,766

28,09028,002

4,083
9,052
13,135

4,353
9,177
13,53044,138(107)
44,03085,257
282,630

45,652(153)
45,49887,032271,798

(Million yen)
As of March 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

5As of December 31, 2018

59,604304
4,771
75,218139,898

58,248457
2,977
63,813
125,497

35,77913,73749,516
189,415

35,42913,21948,648174,145

39,97012
35,861(5,507)70,33739,97043,061(5,472)77,559

2,181

1,527

(22)
10,207(655)
468
12,180153
10,543
93,215
282,630

(15)
8,760
(527)
633
10,378147
9,567
97,652271,798

Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the nine months)(Million yen)
For the nine months
ended December 31, 2017
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange losses
Loss on sales and retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Gain on sales of shares of subsidiaries
Gain on reversal of foreign currency translation
adjustment
Total extraordinary income
Extraordinary losses
Restructuring cost
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6

For the nine months
ended December 31, 2018371,933
219,248
152,685
135,462
17,223354,417205,835
148,581
134,477
14,103

404
89
297
791

265
47
30
316
660

449
140
125
60
1,286
2,063
15,950

263
647
113
1,356
2,38012,383

274
238

506-

444-

957

506

138
138
16,7703,897
12,872
1,106
11,766

12,889
3,639
9,249
81
9,168

Quarterly Consolidated Statement of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31, 2017
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Minimum pension liability adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests

7For the nine months
ended December 31, 201812,8729,249

642(9)
2,415(63)336
3,322
16,195(654)7(1,164)
236
165(1,410)7,839

15,133
1,061

7,366
473

Notes to Quarterly Consolidated Financial Statement(Changes in Accounting Policy)
TOSHIBA TEC CORPORATION Group's subsidiaries reporting under IFRS and US GAAP have applied IFRS 15
and ASU 2014-09 "Revenue from Contracts with Customers" from the three months ended June 30, 2018.
The impact of this change on profit or loss for the nine months ended December 31, 2018 is insignificant.
The Group has adopted the approach of recognizing the cumulative effect of applying this standard at the date ofinitial application as permitted by transitional method of IFRS 15 and ASU 2014-09.
(Additional Information)
TOSHIBA TEC CORPORATION has applied the ASBJ Statement No.28 "Partial Amendments to AccountingStandard for Tax Effect Accounting" and relevant Guidances effective from the beginning of the first quarter of thefiscal year ending March 31, 2019. Accordingly, Deferred tax assets were classified as Investments and other assets, andDeferred tax liabilities were classified as Non-current liabilities.

8