FY2022 First Six Months
Consolidated Business Results

Toshiba Tec CorporationNov 10, 2022

© 2022 Toshiba Tec Corporation

Contents

01 Key Messages
02

FY2022 First Six Months
Consolidated Business Results

03 FY2022 Forecast© 2022 Toshiba Tec Corporation

2

01
Key Messages© 2022 Toshiba Tec Corporation

3

Key Messages
Tight supply of parts and international freight transportation worldwide, and theimpact of price hikes associated with them have worsened from the initial forecast
Impact of changes in external environment: △5.2 billion yen in 1H (vs initial forecast: △1.6 billion yen)

Operating income for the first half of FY2022 increased from the same period of theprevious year due to improved 2Q performance
Operating income increased by 1.6 billion yen in the first half of FY2022 due to improved performance ofoverseas retail business in the 2Q, despite the severe external environment

Profit attributable to owners of parent decreased from the same period of theprevious year due to non-operating loss and extraordinary loss and fell into red
Recorded non-operating loss of △3.2 billion yen and extraordinary loss of △7.0 billion yen due to foreignexchange related expenses caused by rapid yen depreciation, etc.

Annual dividend is 40 yen per share, the same as in FY2021
Despite a net loss in the first half, the company expects a recovery in the second half and plans to pay aninterim dividend of ¥20 per share and a year-end dividend of ¥20 per share, for a total of ¥40 per share for
FY2022, the same amount as in FY2021© 2022 Toshiba Tec Corporation

4

02
FY2022 First Six Months
Consolidated Business Results© 2022 Toshiba Tec Corporation

5

FY2022 First Six Months Business Results (Consolidated)(Billions of yen)

FY2022/1H

FY2021/1H

Difference

ActualActualvs. FY2021/1H

243.9

217.0

6.04.3(2.4%)(2.0%)

2.83.1(1.1%)(1.4%)△6.42.5(-%)(1.1%)

20 Yen20 Yen-US$131.59

109.89+21.70

EUR138.21

131.15+7.06

Net Sales
Operating Profit(Rate of sales)

Ordinary Profit

Exchange-related cost △2.4
(Rate of sales)

Loss Attributable toOwners of Parent

Extraordinary loss △7.0

(Rate of sales)

Dividend
Foreign Currency
Exchange Rate (Yen)+26.9+1.6△0.3△8.8© 2022 Toshiba Tec Corporation6FY2022 First Six Months Business Results (Consolidated)(Billions of yen)

FY2022/2Q

FY2021/2Q

Difference

ActualActual

Actualvs. 2Q

109.3

134.6

109.9

0.2

5.8

1.0(0.2%)(4.3%)(0.9%)△2.3

5.0

0.3(-%)(3.7%)(0.3%)△2.2△4.2△0.2(-%)

(-%)

(-％)

US$

126.51

136.62109.99+26.63EUR

136.75

139.66130.47+9.19

Net Sales
Operating Profit(Rate of sales)

Ordinary Profit(Rate of sales)

Loss Attributable toOwners of Parent(Rate of sales)

Foreign Currency
Exchange Rate (Yen)FY2022/1Q+24.7+4.8+4.7△4.0© 2022 Toshiba Tec Corporation

7

Operating Profit Analysis of FY2022/1H
SG&A
▲6.1

Gross Profit+7.7(Billions of yen)

PersonnelExpenses

4.3

FY2021/1H
OperatingProfit

Sales volumeSalesmix

Impact ofexchange ratechanges+0.9+0.9+5.9+0.6

R&D

▲0.1

Others▲0.4
Impact ofexchange ratechanges

6.0▲6.2
FY2022/1H
OperatingProfit© 2022 Toshiba Tec Corporation8

FY2022/1H Business Results by Segment(Billions of yen)

RetailSolutionsBusinessGroupNet Sales
Operating Profit(Rate of sales)

145.5

FY2022/1HFY2021/1H

Difference

ActualActualvs. FY2021/1H

145.5

131.1

4.9

5.7

(3.3％)(4.3％)

11.2
14.1

131.1

44.2

31.9

7.6
12.1

+14.4
△0.8

OthersEuropeAmericas
Domestic
76.0

79.5

FY2022/1H

FY2021/1H© 2022 Toshiba Tec Corporation

9FY2022/1H Business Results by Segment(Billions of yen)

RetailSolutions
BusinessGroupFY2022/1Q

FY2022/2Q

FY2021/2Q

Difference

ActualActualActualvs. 2Q

63.4

82.0

66.2

+15.9

Operating Profit

0.1

4.8

2.3+2.5(Rate of sales)(0.1％)(5.8％)(3.4％)Net Sales

82.04.8

63.4

0.1

1Q

2Q

1Q2Q
© 2022 Toshiba Tec Corporation

10

FY2022/1H Business Results by Segment(Billions of yen)

WorkplaceSolutions
BusinessGroupNet Sales
Operating Profit(Rate of sales)

100.2

FY2022/1H

FY2021/1H

Difference

ActualActualvs. FY2021/1H

100.2

87.8

1.1

△1.4(1.1%)

(-%)

87.8

21.0
28.7

+12.3
+2.5

Others17.6

Europe27.3

Americas

Domestic
42.8

35.0

7.7

7.9

FY2022/1H

FY2021/1H© 2022 Toshiba Tec Corporation

11FY2022/1H Business Results by Segment(Billions of yen)

WorkplaceSolutions
BusinessGroupFY2022/1Q

FY2022/2Q

FY2021/2Q

Difference

ActualActualActualvs. 2Q

46.8

53.4

44.7

+8.7

Operating Profit0.1

1.0△1.2+2.2(Rate of sales)(0.3％)(1.8％)(-％)

Net Sales

46.8

53.4
1.0
0.1

1Q

2Q

1Q

2Q
© 2022 Toshiba Tec Corporation

12

Balance Sheet
Shareholders' equity decreased due to the recording of a net loss forthe quarter, and the equity ratio decreased slightly
AssetsLiabilities and Net Assets

324.7

310.3
46.7
70.8
54.5
22.0

Exchange
ratechanges+7.7
Exchangeratechanges+5.9

32.883.9
62.6
25.0

116.3

120.4

2022/3E

2022/9E

310.3(Billions of yen)

324.7

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

192.6

210.0
Liabilities

Inventories
Other current
assetsNon-current
assets

117.7

114.7

2022/3E

2022/9E

Net Assets© 2022 Toshiba Tec Corporation

13

FY2022/1H Cash Flows
Negative free cash flow due to deterioration in operating cash flow
290

290

240

240

190

190

140

140

Cash flows from investing activities

90

Free cash flows

90

16.7

40
△ 1011.4△5.3

Cash flows from operating activities

40△ 10△ 60△ 60△ 110△ 110△ 160△ 160

FY2021/1H(Billions of yen)

△8.1

△13.8

△5.7
FY2022/1H© 2022 Toshiba Tec Corporation

14

03
FY2022 Forecast© 2022 Toshiba Tec Corporation15

FY2022 Forecast (Consolidated)(Billions of yen)

FY2022

FY2022

FY2021

Forecast【1H/2H】

Prev. Forecast(May 11)

Actual
【1H/2H】

520.0

Net Sales

450.0【243.9/276.1】

14.0

Operating Profit【217.0/228.3】

18.0【6.0/8.0】(Rate of sales)

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

Dividend
Foreign CurrencyExchange Rate (Yen)

11.6

vs. PreviousForecastvs. FY2021
Actual＋70.0+74.7△4.0+2.4△5.5△0.2△10.5△7.9△10Yen-【4.3/7.2】(2.7%)(4.0%)(2.6%)

10.0

15.5

10.2

【2.8/7.2】(Rate of sales)

445.3

Difference【3.1/7.1】(1.9%)(3.4%)(2.3%)△2.58.05.4【△6.4/3.9】【2.5/2.9】(-%)(1.8%)(1.2%)

40Yen

50Yen

40Yen

【20Yen/20Yen】【20Yen/20Yen】

US$136.19*

120.00112.05+16.19+24.14

EUR

137.23*135.00130.54+2.23+6.69＊Foreign currency exchange rates of FY2022/2H forecast are US$=140 yen, EUR=135 yen.

© 2022 Toshiba Tec Corporation16

FY2022 Forecast by Segment(Billions of yen)

RetailSolutions
BusinessGroup

Net Sales
Operating Profit(Rate of sales)

WorkplaceSolutions
BusinessGroup

Net Sales
Operating Profit(Rate of sales)

FY2022

FY2022

FY2021

Forecast【1H/2H】

Prev. Forecast(May 11)

Actual
【1H/2H】

297.0

265.0

【145.5/151.5】

10.0

267.0

11.5

10.6

vs. FY2021
Actual+32.0+30.0△1.5△0.6+33.0+45.9△2.5+3.0【5.7/4.9】(3.4%)(4.3％)(4.0％)

228.0

195.0

182.1

【100.2/127.8】【87.8/94.3】

6.5【1.1/2.9】(1.8%)

vs. PreviousForecast【131.1/135.9】【4.9/5.1】

4.0

Difference

1.0【△1.4/2.3】(3.3%)(0.5%)© 2022 Toshiba Tec Corporation17

Further expansion of partnership strategy
Toshiba Tec, Digital Garage and Kakaku.com signed LOI
to promote DX in the food service and retail industries
The first step - “OrderLinkage” X “Tabelog Order”

×

APITabelog OrderToshiba Tec
OrderLinkage© 2022 Toshiba Tec Corporation18

Further expansion of partnership strategy
Provide consumers with “a convenient shopping experience” by spreading Cart POS
in the world by making use of assets of Toshiba Tec and Retail AI of the Trial Group
Environmental changes

Collaboration Policy

Labor shortage, wage increase
and diversified needs ofconsumers

Maximize the two companies’ assets by collaborating ELERA
with Smart Shopping Cart (SSC) developed by Retail AI

Retailers’ issues⚫ Improved operational
efficiency andmonetization knowhow by SSC⚫ Improved efficiency ofstore operations⚫ Creating new customer
experiences that enhancestore attractiveness

SmartShopping Cart&ELERA＆⚫ Top share customer
network⚫ Support system frominstallation tomaintenance© 2022 Toshiba Tec Corporation19

Promotion of global strategy
Opened Innovation & Incubation hub in the U.S.
to expand suite of new solutions with ELERA at the core
Overview of the U.S. OfficeStart：Autumn 2022
Address ：3201 Dallas Parkway, Frisco, Texas, U.S.
The greater Dallas Area is a growing software development market

Activities：Business development related to ELERA
Microservices and cloud related development forfuture SaaS businessPhoto Credit: Robert Tsai Photography.

*SaaS (Software as a Service) :service that enables the use of cloud-based software and applications via the InternetStrategy⚫ Accelerate the company’s growth strategy through investments in cloud development,
computer vision and retail IoT⚫ Increase the company’s commitment to technology partnerships to incubate new retailinnovation⚫ Broaden capital investments, including a new team dedicated to mergers & acquisition© 2022 Toshiba Tec Corporation20

Membership of "Smart Receipt®" electronic receipt service
exceeded 1 million!
Reached 1 million members on October 26, 2022
Rapid growth in membership due to increased demand of noncontact against the spread of new coronavirus infections andincreasing social demand for DX promotion, etc.,••

Membership has increased approximately 3.4 times in the last two years
Member stores 363 companies, 12,111 stores (as of October 26, 2022)

Smart receipt : Change innumber of members

Exceeds 1 million !

1 million people
800,000 people
600,000 people
400,000 people
200,000 people© 2022 Toshiba Tec Corporation21

Appendix© 2022 Toshiba Tec Corporation22

FY2022 Forecast : Impact of Currency Exchange Rate

Premise Rate

Effect of depreciationby 1 yen2023/3E(2H)

Net Sales（Annual）

Operating Profit（Annual）

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

EUR

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

23

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

Capital investment*,
Depreciation and Amortization
25

R&D expenses
3530

2015

17.5 18.0
14.8

15.9

14.9

15.5

26.02521.8

21.9

FY2020

FY2021

201510105500
FY2020Capital investment *FY2021

FY2022
Forecast

Depreciation and Amortization*Increase in property, plant and equipment and intangible assets

FY2022
Forecast

R&D expenses© 2022 Toshiba Tec Corporation24

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 Corporation25

© 2022 Toshiba Tec Corporation26