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.

March 14, 2016
Company Name:
Representative:

Contact:

TOSHIBA TEC CORPORATION
Takayuki Ikeda
President and CEO(Securities Code: 6588;
Stock Exchange: Tokyo First Section)
Takashi Mizuno
Senior Manager ofCorporate Communications Division
Tel: +81-3-6830-9151(Corrections / Corrections of Numerical Data) Notice Regarding Partial Corrections of “Summary of Consolidated
Financial Results for the Six Months Ended September 30, 2015 (Based on Japanese GAAP)”TOSHIBA TEC CORPORATION hereby announces that it has made corrections to the above-mentioned disclosure material
released on November 5, 2015. As numerical data has also been corrected, the corrected numerical data is also hereby
disseminated.
As corrections have been made in multiple locations, both the numerical data before corrections and the numerical data after
corrections appended to this notice. The locations of corrections are shown by the underlined parts in these documents.

1

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.
[After Corrections]

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2015
(Based on Japanese GAAP)
November 5, 2015
Company name:TOSHIBA TEC CORPORATION

Stock exchange listing: Tokyo
Stock code:
6588
Representative:
Inquiries:

URL

http://www.toshibatec.co.jp/

President and CEO
Senior Manager of Corporate

Takayuki Ikeda
Takashi Mizuno

TEL

Communications Division
Scheduled date to file Quarterly Securities Report:

November 13, 2015

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–
Yes

Holding of quarterly financial results meeting:Yes

03-6830-9151(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2015 (from April 1, 2015 to September 30, 2015)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended September 30, 2015
264,757
3.3
122 (98.9)(1,679)–(73,604)–
Six months ended September 30, 2014
256,398
6.1
11,016
10.1
8,949
(4.8)
4,513
20.8
Note:

Comprehensive income Six months ended September 30, 2015: (72,870) million yen
Six months ended September 30, 2014: 11,623 million yen
Earnings per share

Diluted earnings per share

Yen(268.04)
16.44

Six months ended September 30, 2015
Six months ended September 30, 2014[–%]
[58.1%]

Yen
–
16.41

(2) Consolidated financial position
Total assets
Millions of yen
357,501
416,769

As of September 30, 2015
As of March 31, 2015
Reference: Equity

Net assets

Equity ratio

Millions of yen
128,348
203,108

%
26.8
41.1

As of September 30, 2015: 95,828 million yen
As of March 31, 2015:
171,163 million yen

2. Cash dividends
Annual dividends per share

Year ended March 31, 2015
Year ending March 31, 2016

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
–
–

Yen
6.00
0.00

Yen
–

Yen
7.00

Yen
13.00

–

0.00

0.00

Year ending March 31, 2016 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating income
Ordinary income
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
530,000
1.0
6,000 (64.8)
2,000 (80.8)(79,000)–(287.63)2

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2015(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:

Yes
No

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, 2015

288,145,704 shares As of March 31, 2015

288,145,704 shares

Number of treasury shares at the end of the period
As of September 30, 2015

13,491,866 shares As of March 31, 2015

13,561,637 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2015

274,604,148 shares Six months ended September 30, 2014

3

274,528,718 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2015

As of September 30, 2015

AssetsCurrent assets
Cash and deposits
DepositPaidInSubsidiariesAndAffiliates

21,81033,154

21,35533,336

Notes and accounts receivable - trade
Merchandise and finished goods

81,01636,30377,41940,249Work in process
Raw materials and supplies

2,444
6,967

2,523
6,559

Other
Allowance for doubtful accounts

59,293(1,405)64,226(1,266)

Total current assets

239,584

244,40333,56033,63336,911

11,265

Other70,13828,019Total intangible assets

107,049

39,284

Other
Allowance for doubtful accounts

36,533(62)

40,159(61)

Total investments and other assets

36,47040,098177,081

113,01610381

416,769

357,501

Non-current assets
Property, plant and equipment
Intangible assets
Goodwill

Investments and other assets

Total non-current assets
Deferred assets
Total assets

4

(Millions of yen)
As of March 31, 2015

As of September 30, 2015

Liabilities
Current liabilities
Notes and accounts payable - trade

90,08075,834

Short-term loans payable
Income taxes payable

2,028
3,598

25,100
2,985

Other

69,00775,896

Total current liabilities

164,715

179,81737,887
11,05837,921
11,413

Non-current liabilities
Net defined benefit liability
Other
Total non-current liabilities

48,94649,334

213,661

229,152

Shareholders' equity
Capital stock

39,97039,970Capital surplus
Retained earnings

52,96564,364

52,970(11,163)

Total liabilities
Net assets

Treasury shares(5,542)(5,518)

Total shareholders' equity

151,759

76,260

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

1,513
3

1,582
3

Foreign currency translation adjustment
Amount of minimum pension debt adjustment

18,014(568)

17,805(576)

Accumulated other comprehensive income

Remeasurements of defined benefit plans
Total accumulated other comprehensive income

440

753

19,404

19,568Subscription rights to shares

116

116

Non-controlling interests

31,82832,404

Total net assets

203,108

128,348416,769

357,501

Total liabilities and net assets

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

Net sales
Cost of sales

Six months ended

Six months ended

September 30, 2014

September 30, 2015

256,398
144,733

264,757
152,257

Gross profit

111,665

112,500

Selling, general and administrative expenses

100,648

112,378

Operating income

11,016

122

Interest income
Dividend income

201
22

285
64

Foreign exchange gains
Gain on valuation of derivatives

–
217

413
–

Other

164

225

Total non-operating income

605

988

265
23

407
103

1,453
–

–
987

930

1,291

Non-operating income

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

2,673

2,790

8,949

(1,679)–66,246

Restructuring cost
Loss on transfer of business

459
–

626
290

Total extraordinary losses

459

67,163

Income (loss) before income taxes and minority interests

8,490(68,843)

Income taxes

3,722

3,966

Profit (loss)

4,768(72,809)

Ordinary income (loss)
Extraordinary losses
Impairment loss

Profit attributable to non-controlling interests

254

795

Profit (loss) attributable to owners of parent

4,513(73,604)6

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

Profit (loss)
Other 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

Six months ended

Six months ended

September 30, 2014

September 30, 2015

4,768

(72,809)

300
69

68
(0)

6,209
(96)

(441)
(1)

372

313

6,855

(61)

Comprehensive income

11,623(72,870)

Comprehensive income attributable toComprehensive income attributable to owners of parent

9,665(73,440)

1,957

570

Comprehensive income attributable to non-controllinginterests

7

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Income (loss) before income taxes and minority interests

Six months ended

Six months ended

September 30, 2014

September 30, 2015

8,490

(68,843)

Depreciation
Impairment loss

9,690
–

10,133
66,246

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

95
2,112

(150)
377

Interest and dividend income
Interest expenses

(223)
265

(349)
407

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

23

103

Restructuring cost
Loss (gain) on transfer of business

459
–

626
290

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

3,053
(167)

5,375
(2,890)

Increase (decrease) in notes and accounts payable - trade
Other, net

2,747(4,988)(15,755)(1,577)

Subtotal

21,556(6,006)

219
(302)

295
(356)

Income taxes paid

(3,940)(4,153)

Net cash provided by (used in) operating activities

17,533(10,221)

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment(2,909)69(5,765)531

Purchase of intangible assets
Proceeds from transfer of business(7,591)–(1,685)600

Purchase of investment securities
Net decrease (increase) in short-term loans receivable

(6)
3,467

(12)
(1,091)

Payments of long-term loans receivableCollection of long-term loans receivable

(7)
7

(3)
8

Purchase of shares of subsidiaries resulting in change in scopeof consolidation–(1,279)Interest and dividend income received
Interest expenses paid

Cash flows from investing activities

Other, net

55

81(6,915)(8,617)

Net increase (decrease) in short-term loans payable
Repayments of finance lease obligations(115)(1,424)

22,792(1,488)Purchase of treasury shares
Cash dividends paid

(8)
(1,096)(12)(1,921)

(492)
66

(895)
42

Net cash provided by (used in) financing activities(3,069)18,516

Effect of exchange rate change on cash and cash equivalents

1,814

49

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

Dividends paid to non-controlling interests
Other, net

Net increase (decrease) in cash and cash equivalents

9,362

(272)

Cash and cash equivalents at beginning of period

47,30454,964

Cash and cash equivalents at end of period

56,66754,6928

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.
[Before Corrections]

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2015
(Based on Japanese GAAP)
November 5, 2015
Company name:TOSHIBA TEC CORPORATION

Stock exchange listing: Tokyo
Stock code:
6588
Representative:
Inquiries:

URL

http://www.toshibatec.co.jp/

President and CEO
Senior Manager of Corporate

Takayuki Ikeda
Takashi Mizuno

TEL

Communications Division
Scheduled date to file Quarterly Securities Report:

November 13, 2015

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–
Yes

Holding of quarterly financial results meeting:Yes

03-6830-9151(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2015 (from April 1, 2015 to September 30, 2015)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended September 30, 2015
264,1443.1(539)–(2,335)–(74,076)–
Six months ended September 30, 2014
256,292
6.1
12,218
15.0
9,957
2.0
5,148
32.3
Note: Comprehensive income
Six months ended September 30, 2015: (73,328) million yen[–%]
Six months ended September 30, 2014:12,233 million yen [63.0%]
Earnings per share

Diluted earnings per shareYen(269.75)
18.75

Six months ended September 30, 2015
Six months ended September 30, 2014

Yen
–
18.72

(2) Consolidated financial position
Total assets
Millions of yen
357,242
417,440

As of September 30, 2015
As of March 31, 2015
Reference: Equity

Net assets

Equity ratio

Millions of yen
129,506
204,723

%
27.1
41.4

As of September 30, 2015: 96,983 million yen
As of March 31, 2015:
172,777 million yen

2. Cash dividends
Annual dividends per share

Year ended March 31, 2015
Year ending March 31, 2016

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
–
–

Yen
6.00
0.00

Yen
–

Yen
7.00

Yen
13.00

–

0.00

0.00

Year ending March 31, 2016 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)
Net sales
Full year

Millions of yen
530,000

Percentages 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
0.9
6,000 (67.9)
2,000 (83.3)(79,000)–(287.63)9

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2015(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:

Yes
No

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, 2015

288,145,704 shares As of March 31, 2015

288,145,704 shares

Number of treasury shares at the end of the period
As of September 30, 2015

13,491,866 shares As of March 31, 2015

13,561,637 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2015

274,604,148 shares Six months ended September 30, 2014

10

274,528,718 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2015

As of September 30, 2015

AssetsCurrent assets
Cash and deposits
DepositPaidInSubsidiariesAndAffiliates

21,81033,154

21,35533,336

Notes and accounts receivable - trade
Merchandise and finished goods

81,62236,29577,41940,259Work in process
Raw materials and supplies

2,445
6,967

2,523
6,559

Other
Allowance for doubtful accounts

59,616(1,405)64,405(1,266)

Total current assets

240,506

244,593

33,56033,63336,911

11,265

Other70,33228,019Total intangible assets

107,243

39,284

Other
Allowance for doubtful accounts

36,089(62)

39,711(61)

Total investments and other assets

36,02639,650176,830

112,568103

81

417,440

357,242

Non-current assets
Property, plant and equipment
Intangible assets
Goodwill

Investments and other assets

Total non-current assets
Deferred assets
Total assets

11

(Millions of yen)
As of March 31, 2015

As of September 30, 2015

Liabilities
Current liabilities
Notes and accounts payable - trade

89,91975,834

Short-term loans payable
Income taxes payable

2,028
4,418

25,100
3,293

Other

68,73975,622

Total current liabilities

165,105

179,851

36,552
11,05836,471
11,413

Non-current liabilities
Net defined benefit liability
Other
Total non-current liabilities

47,61047,884

212,716

227,736

Shareholders' equity
Capital stock

39,97039,970Capital surplus
Retained earnings

52,96565,921

52,970(10,078)

Total liabilities
Net assets

Treasury shares(5,542)(5,518)

Total shareholders' equity

153,316

77,345

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

1,513
3

1,582
3

Foreign currency translation adjustment
Amount of minimum pension debt adjustment

18,157(568)

17,953(576)

Accumulated other comprehensive income

Remeasurements of defined benefit plans
Total accumulated other comprehensive income

354

675

19,461

19,638Subscription rights to shares

116

116

Non-controlling interests

31,83032,406

Total net assets

204,723

129,506

417,440

357,242

Total liabilities and net assets

12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, 2014

September 30, 2015

Net sales
Cost of sales

256,292
144,546

264,144
152,256

Gross profit

111,746

111,888

Selling, general and administrative expenses

99,527

112,427

Operating income (loss)

12,218(539)

Interest income
Dividend income

201
22

285
64

Foreign exchange gains
Gain on valuation of derivatives

–
280

218
–

Other

164

225

Total non-operating income

668

793

265
23

407
103

Foreign exchange losses
Loss on valuation of derivatives

1,454
–

–
787

Other

1,186

1,291

Total non-operating expenses

2,930

2,590

9,957

(2,335)–66,422

Restructuring cost
Loss on transfer of business

602
–

626
290

Total extraordinary losses

602

67,339

Income (loss) before income taxes and minority interests

9,354(69,675)

Income taxes

4,000

3,604

Profit (loss)

5,354(73,280)

Non-operating income

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

Ordinary income (loss)
Extraordinary losses
Impairment loss

Profit attributable to non-controlling interests

205

796

Profit (loss) attributable to owners of parent

5,148(74,076)13

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

Profit (loss)
Other 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

Six months ended

Six months ended

September 30, 2014

September 30, 2015

5,354

(73,280)

300
69

68
(0)

6,237
(96)

(435)
(1)

367

321

6,879

(48)

Comprehensive income

12,233(73,328)

Comprehensive income attributable toComprehensive income attributable to owners of parent

10,324(73,899)

1,908

570

Comprehensive income attributable to non-controllinginterests

14

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Income (loss) before income taxes and minority interests

Six months ended

Six months ended

September 30, 2014

September 30, 2015

9,354

(69,675)

9,690–

10,154
66,422

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

94
488

(150)
377

Interest and dividend income
Interest expenses

(223)
265

(349)
407

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

23

103

Restructuring cost
Loss (gain) on transfer of business

602
–

626
290

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

3,051
(131)

5,988
(2,908)

Increase (decrease) in notes and accounts payable - trade
Other, net

2,746(5,793)(15,594)(1,207)

Subtotal

20,168(5,514)

219
(302)

295
(356)

Income taxes paid

(3,324)(4,645)

Net cash provided by (used in) operating activities

16,761(10,221)

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment(2,909)69(5,765)531

Purchase of intangible assets
Proceeds from transfer of business(6,924)–(1,685)600

Purchase of investment securities
Net decrease (increase) in short-term loans receivable

(6)
3,467

(12)
(1,091)

Payments of long-term loans receivableCollection of long-term loans receivable

(7)
7

(3)
8

Purchase of shares of subsidiaries resulting in change in scopeof consolidation–(1,279)Depreciation
Impairment loss

Interest and dividend income received
Interest expenses paid

Cash flows from investing activities

Other, net

55

81(6,248)(8,617)

Net increase (decrease) in short-term loans payable
Repayments of finance lease obligations(115)(1,424)

22,792(1,488)Purchase of treasury shares
Cash dividends paid

(8)
(1,096)(12)(1,921)

(492)
66

(895)
42

Net cash provided by (used in) financing activities(3,069)18,516

Effect of exchange rate change on cash and cash equivalents

1,814

49

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

Dividends paid to non-controlling interests
Other, net

Net increase (decrease) in cash and cash equivalents

9,258

(272)

Cash and cash equivalents at beginning of period

47,40954,964

Cash and cash equivalents at end of period

56,66754,69215