Financial Highlights
Years ended March 31

Thousands of
U.S.dollars

Millions of yen

Consolidated
Net sales
Operating income

2006

2007

2008

2009

2010

2010

¥443,402¥510,846¥492,970¥422,601¥364,578$3,918,508

17,15722,671

26,075

10,123

9,725

104,525

Net income

6,034

10,763

13,382

2,634

4,144

44,540Total assets

323,476358,253

313,900

281,732

289,518

3,111,758

Total net assets

148,423

158,813161,169

142,034

142,692

1,533,663

Total shareholders' equity

128,066

-

-

-

-

-

Yen

U.S.dollars

Per share data:
Net income Basic¥21.40¥38.72¥48.20¥9.53¥15.06$0.162

Total shareholders' equity

458.80494.73504.00465.63474.85

5.104
Thousands of
U.S.dollars

Millions of yen

Non-Consolidated
Net sales
Operating income

2006

2007

2008

2009

2010

2010

¥253,931¥297,996¥266,537¥237,364¥211,345$2,271,550

3,720

4,299

5,008

(1,477)2,544

27,343

Net income

6,966

6,266

7,777

4,722

5,476

58,856

Common stock

39,971

39,971

39,971

39,971

39,971

429,611

Total assets

197,815

237,996

204,069

200,658

210,7292,264,929

Total net assets

110,494

113,039

117,124

116,766

122,704

1,318,831

Total shareholders' equity

110,494

-

-

-

-

-

Yen

U.S.dollars

Per share data:
Net income Basic
Cash dividends
Total shareholders' equity¥24.84¥22.54¥28.01¥17.09¥19.89$0.214

9.00

11.00

12.00

5.00

5.00

0.054

395.91

407.11421.99424.09445.754.791

The dollar amounts in this report represent translations of yen, for convenience only, at the rate of ¥93.04=US$1.00, the exchange rate
prevailing on March 31, 2010.

CONTENTS

Financial Highlights..................................................................................................................................1
Business Review.......................................................................................................................................2
Consolidated Balance Sheets....................................................................................................................6
Consolidated Statements of Operations....................................................................................................8
Consolidated Statements of Changes in Net Assets.................................................................................9
Consolidated Statements of Cash Flows.................................................................................................10
Notes to Consolidated Financial Statements..........................................................................................11Business Review

Business Overview in the Consolidated Fiscal Year 2009
As for the global economy in the consolidated fiscal year 2009, signs of recovery were shown in Asia, however, economic
stagnation still continued in the US and Europe and the global economy remained in a severe situation. Although the worst
seemed behind, the Japanese economy was still stuck in a difficult situation with sluggish capital investment, exports andlower consumer expenditure.
Under such circumstances, aiming at realization of a strong profit constitution, the TOSHIBA TEC Group dedicated toestablish a solid corporate structure whose performance is not swayed by external environment changes; improved sales
and services efficiency, selected and focused on investment projects, and promoted our manufacturing technology, alongwith maintaining a stable balance sheet.
Sales amounted to 364,578 million yen, a 14% decrease from the previous consolidated fiscal year, due to the global market
stagnation because of the economic downturn and fluctuations in exchange rates. Although significant decline in profits
was recorded, our efforts to enhance earning potential through the cost structure reform led to considerable improvement,
resulting in a decrease in operating profit of 4% over the previous consolidated fiscal year to 9,725 million yen, an increasein ordinary profit of 6% over the previous consolidated fiscal year to 7,236 million yen, and an increase in net profit of 57%
over the previous consolidated fiscal year to 4,144 million yen.
Concerning non-consolidated operating results, sales amounted to 211,344 million yen, an 11% decrease from the previous
year, also due to the global market stagnation because of the economic downturn and fluctuations in exchange rates.
Although significant decline in profits was recorded, our efforts to enhance earning potential through the cost structurereform resulted in an increase in operating profit of 4,020 million yen over the previous year to 2,543 million yen, an
increase in ordinary profit of 84% over the previous year to 5,377 million yen, and an increase in net profit of 16% over theprevious year to 5,475 million yen.

Issues to be Addressed
Due to the development of globalization, borderless business and engineering innovation, there is increasingly severemarket competition in the business environment surrounding the Toshiba TEC Group.

Under such circumstances, the Group continuously focuses efforts on releasing new products that satisfy customers’
needs, improving marketing skills, proactively expanding business to emerging economies, improving business efficiency,
innovating the cooperative processes between development and manufacturing, reducing costs, strengthening the Group’s
management power and improving asset efficiency, in order to build a strong corporate structure.

The business highlights for each business segment in the consolidated fiscal year 2009 are described below.

Retail Solutions Business
The retail solutions business that deals with POS systems, electronic cash
registers/scales, OA equipment and supplies, committed to developing
new products that meet market needs, expanding sales of core products,
streamlining and expanding the overseas sales network along with improving
cost competitiveness under the severe business environment where theprofitability of the overall retail industry, the main market for the products,
declined due to weaker consumer expenditure.

Document Systems Business
The document systems business that deals with MFPs, facsimiles, various unit
parts and inkjet print heads, faced a difficult business climate marked by thecontinuous downturn of the global economy and intense competition. Even
under such circumstances, this segment focused efforts on introducing strategic
products including high-speed and middle-speed monochrome MFPs to the market,
further sales expansion, while thoroughly reducing fixed costs and improving costcompetitiveness.

Auto-ID & Printer Business
The auto-ID & printer business that deals with automatic identification systems such as barcode
systems and RFID systems, printers and specialized terminals, devoted itself to expanding sales bydeveloping new business areas, sales routes and customers as well as improving profitability, in asevere business environment resulting from continuous intense competition and a fall in demand due
to restricted capital investment along with the slowdown in the global economy.
Notes: (1) Automatic Identification (AI) Systems refer to systems, which contain hardware and software to automatically retrieve,
identify and manage data, from barcodes and IC tags.
(2) RFID refers to a system, which identifies and manages articles by attaching an IC tag to articles and moving the tag to thereader device.

Key Achievements for 2009
■ Realized restructuring in the whole group[Fixed expenses-28.5 billion Yen, -14% (vs. previous year) ]■ Seven consecutive No.1 POS terminal share of Japanese market (‘08)[Unit share of Japanese market: 52%]
■ Achieved No.1 share in A3 MFP market in China for ten consecutive years[Unit share of Chinese market: 19%] *1■ Integrated main information system of seven major bases in Japan andAsia. Shifted to private cloud computing system■ First introduction of store operation system with UHF band RFID toapparel business in Japan■ BERTL’s BEST by US independent rating agency, BERTL *2(MFP: e-STUDIO5520c/6520c/6530c)■ Japanese International Trade and Industry Minister Prize as product safety leading company
Notes:*1 Source: “China Copier&MFP Market Report 2010 May” published by Key Research Inc./A3
Copier&MFP market*2 Best Light Production Color MFP Range

Forecast for fiscal year 2010
The Toshiba TEC Group is committed to providing total solutions by making full use of its power as a group, developing
and introducing new products such as Environmentally Conscious Products (ECPs), and expanding its business scale byfocusing on emerging countries and areas expected to grow, along with increasing earning power by streamlining resources
and assets.
From April 1, 2010, we have been devoting ourselves to further developing business operations centering on the System
Solutions Business Group, the Document Solutions Business Group and the International POS, AI & Printer Business
Operations, with the aim of expanding business areas at the earliest date possible and establishing ourselves as a totalsolutions provider.
Major measures on a segment basis for fiscal year 2010 ending March are as follows:• System Solutions Business
The system solutions business strives to develop new products appropriate to market needs and promote area marketing,toward expanding sales of POS systems, barcode systems, MFPs and related products into the domestic market as well as
providing total solutions, which use these products in combination. The system solutions business is also committed to
streamlining sales and service systems at home to strengthen a high-profit structure.

• Document Solutions Business
The document solutions business strives to develop, introduce and expand sales of new strategic products, as well as provide
solutions such as MPS, extend sales sites, and increase efficiency, toward expanding sales of MFPs into the overseas
market. Thus, the document solutions business segment is committed to enhancing marketability and serviceability as wellas improving cost competitiveness by self-manufacturing core products and increasing earning power along with reducing
the fixed costs.

• International POS, AI & Printer Business
The international POS, AI & printer business strives to introduce competitive products into business fields per region andoptimize the sales system toward expanding sales of POS systems and barcode printers in the overseas market. Thus,
the international POS, AI & printer business is also committed to increasing earning power with the global development
manufacturing system at the core.
Note: MPS refers to a service whereby a manufacturer undertakes the management of customers' MFPs and printers, sets up the devices
at optimal positions and improves operating rates.

Mid-term Management Strategies (2010 – 2012)
Toshiba TEC Corporation strives to achieve growth exceeding the market under a new business management system
launched on April 1, 2010.
For the Japanese market, the POS system, MFPs and Auto ID systems businesses have been unified as a means to utilize
respective customer bases and create integrated products, thereby offering total solutions, with a view to eventually
expanding business areas by entering growing markets. For the global market, we are implementing our growth strategy
through sales expansion of POS systems and Auto ID systems utilizing MFP’s business base, as well as working to enhance
our solution proposals and engage in proactive expansion strategy for emerging markets.

1. Enhancement of Solutions ability with New Products and Services
To expand our business and achieve growth exceeding the market, our primary business shall shift from hardware tosoftware and amalgamated business. In addition, we are making efforts to establish the next generation technologies
required to enter growing markets.

2. Business Expansion in the Global Market
While centering on developed markets with overwhelming scale, Toshiba TEC Corporation also focuses on emerging
markets where scale expansion is expected, and accelerates to develop the global market by expanding sales channels via
dealers and direct sales and releasing strategic products specific to regions.

3. Promotion of Restructuring by Maximizing Total Group PowerWe are expanding and streamlining our businesses by making maximum use of the Group’s management assets, including
consolidation of global sales and service bases, and sharing customer bases owned by each business. Also, we are striving
to strengthen cost competitiveness further by consolidating production bases and optimizing the global manufacturingsystem.

Achievement Goals in the Mid-term Business Plan (Consolidated)
Unit: 100 million yen
Remarks

FY 2009 (Result)

Net sales

FY 2010 (Target)

FY 2012 (Target)¥3,646¥3,800¥4,500

System Solutions

1,643

1,720

1,900

Document Solutions

1,720

1,772

2,200

International POS, AI & Printers
Operating profit

400
97

451
120

600
225

(ROS)

(2.7)

(3.2)

(5.0)

(Breakdown)

Note: Sales for each segment in the breakdown show the amount before elimination of internal sales between segments.
		 For the above-mentioned forecast, the exchange rates are 90 yen to the dollar and 120 yen to the euro.

Consolidated Balance Sheets
March 31, 2010 and 2009

Thousands of
U.S.dollars (Note 1)

Millions of yen

ASSETS

2010

2009

2010

Cash and cash equivalents¥88,669¥68,532$953,020

Trade notes and accounts receivable

55,98558,353

601,731

Inventories

31,01934,938333,394

Deferred income taxes (Note 9)

7,625

7,232

81,954

Prepaid expenses and other current assets

13,747

9,833

147,754

Current assets

Allowance for doubtful accounts(1,533)(1,596)(16,447)

Total current assets

195,512

177,292

2,101,376

Fixed assets
Property, plant and equipment:
Buildings and structures

31,07531,262333,996

Machinery and equipment

31,67529,984340,445

Tools, furniture and fixtures

56,17356,712603,751

Land

2,796

2,809

30,052

Lease Assets
Less accumulated depreciation
Construction in progress

9,325

6,884

100,226(100,630)(95,133)(1,081,578)

736

3,541

7,910

31,15036,059334,802

23,81427,970255,955

Intangible assets:
Goodwill
Other intangible assets

5,385

6,173

57,87829,19934,143313,833

42

42

451

Investments and other assets:
Investment securities: (Note 12)
Unconsolidated subsidiaries and affiliates

3,458

3,168

37,167

Deferred income taxes (Note 9)

Other21,69722,720233,201

Other investments and other assets

8,528

8,469

91,659Allowance for doubtful accounts

(68)

(161)

(731)

33,657

34,238361,747

94,006

104,440

1,010,382¥289,518¥281,732$3,111,758

Total fixed assets
Total assets

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

Thousands of
U.S.dollars (Note 1)

Millions of yen

LIABILITIES AND NET ASSETS

2010

2009

2010

Trade notes and accounts payable¥43,846¥40,503$471,260

Short-term loans (Note 3)

15,223

11,802

163,618

1

1

11

1,682

1,178

18,078994

726

10,683Current liabilities

Current portion of long-term debt (Note 3)
Lease liabilities
Accrued income and other taxes
Accrued bonuses to directors and corporate auditors
Other current liabilities
Total current liabilities

48

-

516

46,06749,594495,131

107,861

103,804

1,159,297

2

3

21

Long-term liabilities
Long-term debt (Note 3)
Lease liabilities

4,242

3,852

45,593

Accrued retirement benefits (Note 4)

32,03030,419344,261

Allowance for retirement benefits for directors and corporate auditors

217

230

2,332

2,474

1,390

26,591

Total long-term liabilities

38,96535,894

418,798

Total liabilities

146,826

139,698

1,578,095

39,971

39,971

429,611

Capital surplus

52,98852,986

569,518

Retained earnings

51,39247,229552,365(5,424)-(58,298)

Other long-term liabilities

Contingent liabilities (Note 5)
Shareholders' equity
Common stock
Authorized-1,000,000,000 shares
Issued- 288,145,704 shares

Less treasury stock, at cost:
13,103,000 shares in 2010
12,925,892 shares in 2009-

(5,363)-

Total shareholders' equity

138,927

134,823

1,493,196

349

164

3,751

Valuation and Translation adjustment
Unrealized holding gains on securities
Net deferred profits on hedges

0

(279)

0

(8,672)(6,557)(93,207)(8,323)(6,672)(89,456)

103

46

1,107

11,985

13,837

128,816

Total Net assets

142,692

142,034

1,533,663

Total liabilities and Net assets¥289,518¥281,732$3,111,758

Foreign currency translation adjustments
Total valuation and translation adjustments
Share subscription rights
Minority interest in consolidated subsidiariesConsolidated Statements of Operations
Years ended March 31, 2010 and 2009

Thousands of
U.S.dollars (Note 1)

Millions of yen

2010

2009

2010

Net sales¥364,578¥422,601$3,918,508

Cost of sales (Note 8)

193,282

228,434

2,077,407

171,296

194,167

1,841,101

161,571

184,044

1,736,576

9,725

10,123

104,525

Gross profit
Selling, general and administrative expenses (Note 6 and 8)
Operating income
Non-operating income and expenses:
Interest and dividend income

490

925

5,267

Interest expense

(818)

(610)

(8,792)

Restructuring cost

(1,511)(1,365)(16,240)

Other, net (Note 7)(2,160)(3,631)(23,217)

Income before income taxes and minority interest

5,726

5,442

61,543

2,070

1,377

22,248

Income taxes (Note 9):
Current
DeferredIncome before minority interest
Minority interest in income of consolidated subsidiaries
Net income

467

2,119

5,019

3,189

1,946

34,276

(955)

(688)

(10,264)¥4,144¥2,634$44,540Yen

Per share data

2010

2009

2010

Net income-Basic¥15.06¥9.53$0.162

Cash dividends

¥5.00

¥5.00

$0.054

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.



U.S.dollars

Consolidated Statements of Changes in Net Assets
Years ended March 31, 2010 and 2009

Millions of yen

Common stock

Balance at March 31, 2009
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by accounting standard
Other, net
Balance at March 31, 2010

¥39,971¥39,971

Shareholder's equity
RetaindTreasury stock, Total shareholder'sCapital surplus
earnings
at costequity¥52,9862¥52,988¥47,2294,144
19¥51,392¥(5,363)(70)
9¥(5,424)¥134,823
4,144
(70)
11
19
¥138,927

Millions of yen

Balance at March 31, 2009
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by accounting standard
Other, net
Balance at March 31, 2010

Valuation and Translation adjustments
Net unrealized holding Net deferred profits on
Foreign currency
Total valuation andgain on securities
hedgestranslation adjustments translation adjustments

¥164
185
¥349

¥(279)
279¥0¥(6,557)(2,115)¥(8,672)¥(6,672)(1,651)¥(8,323)

Share
subscription
rights

¥46
57
¥103

Minority
interests

Total net assets¥13,837(1,852)¥11,985¥142,034
4,144
(70)
11
(3,427)¥142,692

Thousands of U.S. dollars

Shareholder's equity

Balance at March 31, 2009
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by accounting standard
Other, net
Balance at March 31, 2010

Common stock

Capital surplus

Retaindearnings

Treasury stock,at cost$429,611$429,611$569,497
21$569,518$507,620
44,540205$552,365$(57,642)(753)
97$(58,298)

Total
shareholder'sequity$1,449,086
44,540
(753)
118
205
$1,493,196

Thousands of U.S. dollars

Balance at March 31, 2009
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by accounting standard
Other, net
Balance at March 31, 2010

Valuation and Translation adjustments
Net unrealized holding Net deferred profits on Foreign currency
Total valuation andgain on securities
hedgestranslation adjustments translation adjustments$1,763
1,988$3,751$(2,999)$2,999$0$(70,475)(22,732)$(93,207)$(71,711)(17,745)$(89,456)

Share
subscription
rights$494
613$1,107

Minority
interests

Total net assets$148,721(19,905)$128,816$1,526,590
44,540(753)
118(36,832)$1,533,663

Millions of yen

Shareholder's equity

Balance at March 31, 2008
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by revision of consolidation scope
Other, net
Balance at March 31, 2009

Common stock

Capital surplus

Retaindearnings

Treasury stock,at cost¥39,971¥39,971¥52,989(3)¥52,986¥51,113
2,634(3,180)(3,407)69¥47,229¥(4,141)(1,238)16¥(5,363)

Total
shareholder'sequity¥139,932
2,634(3,180)(1,238)13(3,407)
69¥134,823

Millions of yen

Balance at March 31, 2008
Net income for the year
Cash dividends (Note 17)
Purchases of treasury stock
Retirement of treasury stock
Changes by revision of consolidation scope
Other, net
Balance at March 31, 2009

Valuation and Translation adjustments
Net unrealized holding Net deferred profits on Foreign currency
Total valuation andgain on securities
hedgestranslation adjustments translation adjustments

¥613
(449)
¥164

(279)
¥(279)¥(659)(5,898)¥(6,557)¥(46)(6,626)¥(6,672)

Share
subscription
rights46¥46

Minority
interests

Total net assets¥21,283(7,446)¥13,837¥161,169
2,634(3,180)(1,238)13(3,407)(13,957)¥142,034

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Numbers of shares in issue: 288,145,704 shares in fiscal year 2009Consolidated Statements of Cash Flows
Years ended March 31, 2010 and 2009

Thousands of
U.S.dollars (Note 1)

Millions of yen

Cash flows from operating activities
Income before income taxes and minority interest
Adjustment to reconcile income before income taxes andminority interest to net cash provided by operating activities:
Depreciation and amortization
Allowance for doubtful accounts
Accrual for retirement benefits, less payments
Interest and dividend income
Interest expense
Loss on sales or disposal of fixed assets
Gain or loss on sales of investment securities
Write down of investment securities
Restructuring cost
Changes in assets and liabilities:
Notes and accounts receivable
Inventories
Notes and accounts payable
Other
Sub TotalInterest and dividend income received
Interest expense payments
Payments of extra pension for early retirement
Income taxes payments
Income taxes refund
Net cash provided by operating activities
Cash flows from investing activities
Acquisition of property, plant and equipment
Proceeds from sales of property, plant and equipment
Acquisition of intangible assets
Acquisition of investment securities
Proceeds from sales of investment securities
Payments for business acquisition
Payments of loan receivable
Proceeds from loan receivable
Proceeds from liquidation of non-consolidated subsidiaries (dormant)
Other
Net cash used in investing activities
Cash flows from financing activities
Proceeds (Repayments) of short-term loans, net
Repayments of long-term debt
Repayments of Finance-Lease liabilities
Purchase of treasury stock
Payments of dividend
Payments of dividend to minority shareholders of subsidiaries
Other *Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Increase in cash and cash equivalents resulting from:
Subsidiaries inclusion in consolidation
Cash and cash equivalents at end of year

2010

2009

2010

¥5,726¥5,442$61,543

17,255
(122)
1,641
(490)
818
144
(1)
44
1,511

16,973(1,342)
2,824
(925)
610
264
(7)
22
1,365

185,458(1,311)
17,638(5,267)
8,792
1,548
(11)
473
16,240

769
3,117
5,167
(5,288)30,291
482
(821)
(60)
(2,904)
1,071
28,05910,495
1,861
723(9,926)28,379
909
(614)
(37)
(4,378)2,504
26,7638,265
33,50255,535(56,835)
325,570
5,180(8,824)(645)(31,212)
11,511
301,580(6,941)581(1,725)
(31)
5
(330)
(16)
44
294
(8,119)(11,141)298(2,121)(6)
21(1,133)
(19)
40
182
464
(13,415)(74,602)6,244(18,541)(333)
54(3,547)
(172)
473
3,160
(87,264)3,508(1)(2,062)
(70)
(8)
(79)
10
1,298
(1,101)
20,137
68,532(860)(585)(1,238)(3,180)(576)(911)(7,350)(1,425)
4,573
63,95837,704(11)(22,163)
(752)
(86)
(849)
108
13,951(11,833)
216,434
736,586---¥88,669¥68,532$953,020* By applying the "Accounting Standard for Lease Transactions" and the "Implementation Guidance for Accounting Standard forLease Transaction", the impact of non-financial transaction on assets and liabilities is ¥2,890 ($31,062) and ¥2,689 ($28,902) million
respectively.
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

10Notes to Consolidated Financial Statements

1. Basis of Presenting Consolidated
Financial Statements
The consolidated financial statements of TOSHIBA TECCORPORATION (the “Company”) have been prepared inaccordance with accounting principles generally accepted inJapan, which are different in certain respects as to the applicationand disclosure requirements of International Financial ReportingStandards, and are compiled from the consolidated financial
statements prepared by the Company as required by the
Financial Instruments and Exchange Law of Japan.
Certain reclassifications have been made to present theconsolidated financial statements in a format which is morefamiliar to the readers outside Japan.
Solely for the convenience of the readers, the consolidated
financial statements have been presented in U.S. dollars bytranslating Japanese yen amounts at the exchange rate of ¥93.04= US$1.00 prevailing as of March 31, 2010. The translation
should not be construed as a representation that the Japanese yen
could be converted into U.S. dollar at the above or any other rateof exchange.

2. Summary of Significant Accounting
Policies(A) Basis of Consolidation and Accounting ofInvestments in Affiliated Companies
The consolidated financial statements include the accounts of
the Company and its significant majority-owned subsidiaries(together the “Companies”). For the years ended March 31,
2010 and 2009, the accounts of 72 and 79 subsidiaries areconsolidated, respectively. All significant inter-company
transactions and accounts are eliminated in consolidation.
All assets and liabilities of the consolidated subsidiaries arerevaluated on acquisitions, if applicable. The difference between
the cost of investments in subsidiaries and the equity in theirassets and liabilities at the dates of acquisition is recognizedon goodwill in the consolidated balance sheet and principallyamortized by the straight-line method over 5 to 15 years.
The Company has no unconsolidated subsidiary for which
the equity method of accounting has been applied for the years
ended March 31, 2010 and 2009.
From the perspective of immateriality, the investments in theremaining unconsolidated subsidiaries and affiliated companies
are stated at cost.
Certain subsidiaries have year end which differs from thatof the Company. As a result, adjustments have been made forany significant transactions that took place during the period
between the year end of the subsidiaries and the year end of theCompany.

(B) Foreign Currency Translation
Revenue and expense accounts of foreign consolidated
subsidiaries are translated into yen using the annual averagerate during the year. The balance sheet accounts, except for thecomponents of net assets, are translated at the rate in effect at thebalance sheet date. The components of net assets are translated
at their historical rates. Translation adjustments are presented as
a component of “Valuation and Translation adjustments” under
Net Assets in the consolidated balance sheets.
Foreign currency transactions are measured at the applicablerates of exchange prevailing at the transaction dates, unlesshedged by foreign exchange contracts. Assets and liabilities
denominated in foreign currencies at the balance sheet date arere-measured at the applicable rates of exchange prevailing at thatdate, unless hedged by foreign exchange contracts. Exchange
differences are charged or credited to operations.

(C) Cash and Cash Equivalents
Cash and cash equivalents include all highly liquid
investments, generally with original maturates of three months
or less.

(D) Investment Securities
Marketable securities classified as “Other securities” arereported at fair value with unrealized holding gains or losses, netof taxes, presented as a component of “Valuation and Translation
adjustments” under Net Assets in the consolidated balance
sheets. Cost of securities sold is determined by the moving
average method.
Non-marketable securities classified as “Other securities”
are carried at cost, which is determined by the moving averagemethod. Supplies are principally stated at the latest purchasecost method.

(E) Inventories
Finished goods, merchandises and semi-finished components
are principally stated at the lower of cost, determined by the
first-in, first-out method, or market, or at the cost determined by
the specific cost method. Work-in-process is principally statedat the lower of cost, determined by the moving average method,or market, or at the cost determined by the specific cost method.
Raw materials are principally stated at the lower of cost,
determined by the moving average method, or market. Supplies
are principally stated at the latest purchase cost method.
Effective for the year ended March 31, 2009, the AccountingStandard for Measurement of Inventories (ASBJ Statement
No.9) has been applied from the preceding consolidated fiscal
year. The value stated on the balance sheet is calculated by
the lower of the cost or market prices in consideration of its
profitability. This change in accounting had no impact on
operating income and income before income taxes and minority
interest.

(F) Property, Plant and Equipment and Depreciation
Property, plant and equipment are carried at cost. Material
improvements are capitalized, but repair and maintenanceincluding minor improvements are charged to income.
Depreciation of property, plant and equipment is generally
computed by the declining-balance method for the Company
and its domestic subsidiaries, and by the straight-line method
for the overseas subsidiaries, at the rates based on the estimateduseful lives of the respective assets. The useful lives of principal
property, plant and equipment are summarized as follows:
Buildings and structures
15 to 38 years
Machinery and equipment
5 to 13 years
Tools, furniture and fixtures
1 to 6 years
Effective for the year ended March 31, 2009, under a revisionof the Corporation Tax Law, the Company and domestic
subsidiaries changed the depreciation method into that basedon the revised Corporation Tax Law. With regard to thedepreciation of machinery and equipment, the duration haschanged into 7-13 years from 7-11 years. By the adoption ofthis change, the operating income, the ordinary income and theincome before tax have decreased by ¥335 million, respectively.

11

(G) Intangible Assets and Amortization
Intangible assets are amortized by the straight-line method overtheir estimated useful lives.
Goodwill recognized through purchase and acquisition ofsubsidiary is basically amortized by the straight-line method
over 5 to 15 years period.

(H) Allowance for Doubtful Accounts
Allowance for doubtful accounts is provided in the amountsufficient to cover probable losses on collection. It consists ofindividually estimated uncollectible amounts and an amountcalculated using the rate of actual losses on collection in thepast.

(I) Accrued Bonuses to Directors and Corporate
Auditors
The bonuses to directors and corporate auditors are accounted
for as an expense of the accounting period in which suchbonuses were accrued.

(J) Retirement Benefits
Upon retirement or termination of employment, employees of
the Company and its domestic subsidiaries are generally entitledto lump-sum payments determined by reference to their current
basic rate of pay, length of service and conditions under which
the termination occurs.
The Company and its domestic subsidiaries provide allowancefor the retirement benefits and make contributions to a noncontributory tax-qualified pension plans (the ”Funded Plan”)
for employees’ severance indemnities payable, as part of theexisting retirement plan.
Allowance for the employees’ retirement benefits are
determined mainly at the amount based on the retirement benefit
obligation and the fair value of the pension plan assets, asadjusted for amortization of unrecognized actuarial gain or loss
and past service costs.

(K) Allowance for Retirement Benefits for Directors
and Corporate Auditors
The Company and its domestic subsidiaries provided
allowance for the retirement benefits for directors and corporate
officers. At the board of directors meeting on March 26, 2008,
the Company has adopted the stock option plan instead of theretirement benefits for directors and corporate officers.

(L) Leases
The Companies lease certain equipment under non-cancelable
lease agreements referred to as finance leases. Prior to April
1, 2008, finance leases other than those which transfer theownership of the leased property to the Companies had been
primarily accounted for as operating leases. Depreciation atlease assets are calculated by the straight-line method over thelease period with no residual value.
Effective for the year ended March 31, 2009, the Company
has adopted the “Accounting Standards for Lease Transactions”
and “Implementation Guidance for Accounting Standards for
Lease Transactions”. By applying these standards, depreciationof assets under finance leases, entered into on and after April 1,
2008, which do not transfer ownership of the leased assets to thelessee, are calculated by the straight-line method over the lease
period with no residual value. This change in accounting had

12

no impact on operating income and income before income taxes
and minority interest.

(M) Income Taxes, Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are determined based on the
differences between financial reporting and the tax bases of theassets and liabilities and are measured using the enacted tax
rates and laws which will be in effect when the differences are
expected to reverse.
The Company and its wholly owned domestic subsidiaries filetheir consolidated tax return in Japan for the Corporation Tax
purpose.

(N) Consumption Taxes
Consumption taxes withheld from sales and paid uponpurchasing goods and services by the Company are not included
in revenues and expenses.

(O) Derivative Financial Instruments
The Company and certain subsidiaries have entered into
forward exchange contracts to hedge the risk of fluctuationin exchange rate in the foreign currency transactions related
to accounts receivable and payable denominated in foreign
currency.
Derivative financial instruments are reported at fair value
with unrealized gain or loss, charged or credited to operations,
except for those which meet the criteria for the deferral hedge
accounting under which unrealized gains or losses is deferred
as assets or liabilities. Receivables and payables hedged byqualified forward foreign exchange contracts are translated at thecorresponding foreign exchange contract rates.

(P) Revenue Recognition
Sales are generally recognized at the time of shipment of thegoods to customers except for sales of certain product, which arerecorded in the accounts upon customer acceptance.

(Q) Research and Development Expenses
Research and development costs are charged to income as
incurred.

(R) Impairment of Fixed Assets
According to the accounting standard, fixed assets are reviewed
for impairment at least once a year and whenever events orchanges in circumstances indicate that the carrying amount of anasset may not be recoverable.

(S) The “Practical Solution on Unification of
Accounting Policies Applied to Foreign
Subsidiaries for Consolidated Financial
Statements”
Effective for the year ended march 31, 2009, the Company has
adopted the “Practical Solution on Unification of Accounting
Policies Applied to Foreign Subsidiaries for Consolidated
Financial Statements” (ASBJ PITF No.18, issued May 17, 2006)
and carried out necessary consolidated financial adjustments. By
the adoption of this rule, the retained earnings at the beginning of
the year decreased by ¥3,406 million mainly due to amortizing
goodwill of subsidiaries in America. The operating income andthe income before income taxes and minority interest have also
decreased by ¥1,659 million, respectively.

(T) Accounting Standard for Construction Contracts
Effective for the year ended March 31, 2010, the Company
and its domestic subsidiaries adopted the “Accounting standards
for construction contracts” and “Implementation Guidance foraccounting standards for construction contracts”. This changein accounting had no impact on operating income and income
before income taxes and minority interest.

(U) Partial Amendments to Accounting Standard for
Retirement Benefits (Part 3)
Effective for the year ended March 31, 2010, the Company
and its domestic subsidiaries adopted the “Partial Amendments
to Accounting Standard for Retirement Benefits (Part3)”. As anactuarial gain or loss is amortized starting as an expense fromthe following year, this change in accounting had no impact on
operating income and income before income taxes and minority
interest. As the adoption of this accounting, an unrecognizedbalance of retirement benefit obligations is ¥364 million ($3,912
thousand).

3. Short-Term Loans and Long-Term Debt
The average interest rate for short-term loans outstanding at
March 31, 2010 and 2009 is 0.7% and 3.2%, respectively.
The long-term debt (including lease liabilities) at March 31,
2010 and 2009, consists of the following :Thousands of
U.S.dollars

Millions of yen

2010Long-term debt:
Due serially through 2014, with interest
rate of 3.72%¥3Less current portion
1¥2
Lease liabilities
Less current portion¥5,924
1,682¥4,242

2009

¥4
1
¥3

$32
11
$21

¥5,0301,178¥3,852$63,671
18,078$45,593201220132014 and thereafter

Millions of yen

1
1
0
¥2

The Company and its domestic subsidiaries have defined
benefit plans, i.e., the Funded Plans and the lump-sum payment
plans, covering substantially all employees who are entitledto lump-sum or annuity payments, the amounts of which are
determined by reference to their basic rates of pay, length ofservice, and the conditions under which termination occurs.
The following table sets forth the funded status of the plans,
and the amounts recognized in the consolidated balance sheets asof March 31, 2010 and 2009 for the Companies' defined benefit
plans:
Millions of yen

Retirement benefit obligation
Plan assets
Unfunded retirement benefit obligation
Unrecognized actuarial gain or loss
Unrecognized past service cost
Net amount recognized in the
consolidated balance sheet
Prepaid pension costAccrued retirement benefit obligation

Thousands of
U.S.dollars

10
10
1
$21

Thousands of
U.S.dollars

2010

2009

2010

¥(78,835)
35,602(43,233)
3,905
7,298

¥(78,255)
28,406(49,849)
11,0658,530$(847,324)
382,653(464,671)
41,97178,439(32,030)
0¥(32,030)(30,254)165¥(30,419)(344,261)
0$(344,261)

The components of retirement benefit expenses for the years
ended March 31, 2010 and 2009 are as follows:
Millions of yen

2010

The aggregate annual maturities of long-term debt (excluding
the current portion) outstanding at March 31, 2010 are as
follows:
Year ending
March 31

4. Retirement Benefits

Service cost
Interest cost
Expected return on plan assets
Amortization of actuarial gain or loss
Amortization of past service cost
Total

Thousands of
U.S.dollars

2010

2009

2010

¥3,6991,540(1,010)1,960
1,232¥7,421¥3,256
1,565(1,046)1,287
1,251¥6,313$39,757
16,552(10,856)
21,066
13,242$79,761

Apart from the retirement benefit expenses above, additional
retirement benefit payments are included in Non-operating
expenses. The additional retirement benefit payments for theyears ended March 31, 2010 and 2009 were ¥115 millions ($124
thousands) and ¥76 millions, respectively.
The assumption used in accounting for the above plans for theyear ended March 31, 2010 and 2009 are as follows:
2010

Discount rates
Expected return on assets
Amortization period of past service cost
Amortization period of actuarial gain or loss

2009

Mainly 2.0%
Mainly 2.0%
Mainly 4.0%
Mainly 4.0%
10 years Straight-line method 10 years Straight-line method
10 years Straight-line method 10 years Straight-line method

The aggregate annual maturities of lease liabilities (excluding
the current portion) outstanding at March 31, 2010 are as
follows:
Year ending
March 31201220132014 and thereafter

Millions of yen

Thousands of
U.S.dollars

1,109
1,069
2,064
¥4,242

11,91911,49022,184$45,59313

5. Contingent liabilities
Contingent liabilities at March 31, 2010 and 2009 are as
follows:
Thousands of
U.S.dollars

Millions of yen

Trade notes receivablediscounted or endorsed
Guarantees on lease contracts
Guarantees on employees' bank loans
Subsidiary's guarantee on
customers' bank loans

2010

2009

2009

¥389
606

¥1,033101
731$4,181
6,513

-

2

-

6. Selling, General and Administrative
ExpensesMajor components of selling, general and administrative
expenses at March 31, 2010 and 2009 are as follows:
Millions of yen

Delivering expense
Advertising expense
Personal expense
Depreciation and amortization
Research and development expense
Other selling expense

2010

2009

2010

¥7,445
3,276
97,382
3,928
20,0707,849$65,789
17,788943,960
31,610167,777
88,682

7. Non-Operating Income and Expenses Other, Net"Other, net" for the years ended March 31, 2010 and 2009,
consists of the following:
Millions of yen

Write-down and disposal of inventories
Loss on sales or disposals ofproperty, plant and equipment
Foreign exchange gain or loss
Other, net

2009

Thousands of
U.S.dollars
2010

¥-

¥(491)

$-

(144)
(759)
(1,257)¥(2,160)(400)(1,666)(1,074)¥(3,631)(1,548)(8,158)(13,510)$(23,216)

8. Research and Development Expenses
Research and development costs charged to income for theyears ended March 31, 2010 and 2009 are as follows:
Millions of yen

14

The following table summarizes the difference between thestatutory tax rate and the Company's effective tax rate for theyears ended March 31 2010 and 2009.
Statutory tax rate
Effect of :Different tax rates applied to income of foreign subsidiaries
Expenses not deductible for income tax purposes
Changes in valuation allowance
Corporation tax special deduction for research expenditures
Amortization of goodwill of foreign subsidiaries
Unrealized gain of inventory
A past fisical year adjustment
Other, net

Thousands of
U.S.dollars¥6,121
1,655
87,826
2,941
15,6108,251

2010

9. Income Taxes and Deferred Tax Assets
and Liabilities

Thousands of
U.S.dollars

2010

2009

2010

¥22,546¥29,592$242,326

2010

2009

40.6%

40.6%

(18.1)
4.8
(1.2)
(9.2)
36.9
(4.7)
(2.3)
(2.5)
44.3%

(19.3)
5.7
0.5
(9.0)
44.7
1.1
64.3%

Significant components of the Companies' deferred tax assets
and liabilities at March 31, 2010 and 2009 are as follows:
Millions of yen

Deferred tax assets:
Accrued retirement benefits
Intangible assets
Accrued bonuses
Elimination of consolidated
unrealized gains
Other
Valuation allowance
Deferred tax liabilities:
Retained earnings appropriatedfor tax allowable reserves
Unrealized gains on securities
Other
Net deferred tax assets

Thousands of
U.S.dollars

2010

2009

2010

¥12,491
8,604
2,555

¥11,881
9,174
3,151

$134,254
92,476
27,461

1,658
6,136
31,444(1,591)
29,853

1,286
6,500
31,992(1,658)30,334

17,82066,951
337,962(17,100)
320,862

276
232
23
531
¥29,322

317
111
(45)
383
¥29,951

2,966
2,494
247
5,707
$315,15510. Leases(D) Operating Lease as a lessor
Future minimum lease payments for noncancelable operatingleases are summarised as follows:(A) Finance Lease as a lessee
Finance Lease transactions, except for those which meet theconditions that the ownership of the leased assets was transferredto the lessee
1-1. The content of Lease assets:tangible assets (tools, furnitures and fixture)
1-2. Depreciation method of lease assets:
According to the "Accounting Standards for Lease
Transactions" and "Implementation Guidance for
Accounting Standards for Lease Transactions", which havebeen adopted from the consolidated fiscal year beginning
April 1, 2008, depreciation of assets under finance leases
which do not transfer ownership of the leased assets to thelessee are calculated by the straight-line method over thelease period with no resudual value.

(B) Operating Lease as a lessee
Future minimum lease payments for noncancelable operatingleases are summarised as follows:
Millions of yen Millions of yen

Due within one year
Due after one year

Thousands of
U.S.dollars

2010

2009

2010

¥176
197
¥373

¥215
255
¥470

$1,892
2,117$4,009Millions of yen Millions of yen

Due within one year
Due after one year

Thousands of
U.S.dollars

2010

2009

2010

¥285
356
¥614

¥337
277
¥614

$3,063
3,827$6,890(E) Other related information
Future minimum lease payments for noncancelable operating
sub-leases are summarised as follows:
Millions of yen Millions of yen

Lease revenues receivable
Current assets
OthersInvestment lease
Current assets
OthersLease expenses payable
Current liabilities
Fixed liabilities

Thousands of
U.S.dollars

2010

2009

2010

-

-

-

766
1,228
¥1,994638
907¥1,545

8,233
13,199$21,432766
1,228¥1,994638
907¥1,545

8,233
13,199$21,432(C) Finance Lease as a lessor
1. Details of investment lease1-1) Investment lease current assets
Lease revenues receivable
Interests receivable1-2) Investment lease - others
Lease revenues receivable
Interests receivable

Millions of yen Millions of yen

Thousands of
U.S.dollars

2010

2009

2010

¥176
(16)
¥160

¥221
(21)
¥200

$1,892(172)$1,720

2010

2009

2010

¥231
(22)
¥209

¥261
(25)
¥236

$2,483(237)$2,2461-3) Expected collect amounts of lease revenues receibable are as follows:
Within one year
¥176
¥221
$1,892
Between 1 to 2 years
176
221
1,892
Between 2 to 3 years
55
39
591
Between 3 to 4 years
Between 4 to 5 years
More than 5 years
¥407
¥481
¥4,37515

11. Financial Instruments
Effective for the year ended March 31, 2010, a new accounting
standard for financial instruments and related implementation
guidance have been adopted.
For the year ended March 31, 2010

Overview
1. Policy for financial instruments
The Company and its consolidated subsidiaries (collectively,
the "Companies") raise funds mainly using Toshiba Group
Finance program. Esentially the Companies use the program
if the Companies have temporary excess funds. The
Companies use derivatives for the purpose of reducing risks(described below) and dose not enter into derivatives for
speculative or trading purposes.
2. Types of financial instruments and related risks
Trade receivables (trade notes and accounts receivable) are
exposed to credit risk in relation to customers. In addition,
the Companies are exposed to foreign currency exchange
rate fluctuation risk arising from receivables denominated inforeign currencies. In principle, the foreign currency exchangerisks deriving from the trade receivables denominated inforeign currencies, net of trade payables denominated in thesame currencies, are hedged by forward foreign exchange
contracts.
Investment securities are exposed to market risk. These areshare of stock related on our business.
Substantially all trade payables (trade notes and accounts
payable) are due within one year. Although the Companies
are exposed to foreign currency exchange rate fluctuation
risk arising from those payables denominated in foreign
currencies. But the volume of account payable is in the rangeof account receivable of the same currency.
Regarding derivatives, the Companies enter into forward
foreign exchange contracts to reduce the foreign currency
exchange rate fluctuation risk arising from the receivables andpayables denominated in foreign currencies.
3. Risk management for financial instruments
1) Monitoring of credit risk
In accordance with the internal policies, the Credit
Managing division monitors credit worthiness of theircustomers periodically, and monitors due dates andoutstanding balances by individual customer. In addition,
the Companies are making efforts to identify and mitigate
risks of bad debts from customers who are having financial
difficulties.
2) Monitoring of market risks (the risks arising fromfluctuations in foreign exchanges rates, interest rates andothers)For trade receivables and payables denominated inforeign currencies, the Companies identify the foreign
currency exchange rate fluctuation risk for each currency
on a monthly basis and enters into forward foreignexchange contracts to hedge such risk.
The Accounting Division manages risks on derivativetransaction, in accordance with the internal policies.
Monthly reports including actual transaction data aresubmitted to top management for their review.

16

For marketable securities and investment securities, theCompanies periodically review the fair values of suchfinancial instruments and the financial position of theissuers. In addition, the Companies continuously evaluate
whether securities should be maintained taking into
account their fair values and relationships with the issures.
3) Monitoring of liquidity risk (the risk that the Companies
may not be able to meet its obligations on scheduled due
dates)
Based on the report from each division, the Companies
prepare and update its cash flow plans on a timely basis to
manage liquidity risk.
4. Supplementary explanation of the estimated of the estimatedfair value of financial instruments
The fair value of financial instruments is based on theirquoted market price, if availble. When there is no quoted
market price available, fair value is determined based onreasonable esteimates. Since various assumptions and factors
are reflected in estimating the fair value, different assumptions
and factors could result in different fair value. In addition,
the notional amounts of derivatives in Note 13 Derivative
Transaction are not indicative of the actual market risk
involved in derivative transactions.

Estimated Fair Value of Financial Instruments
The carrying value of financial instruments in the consolidatedbalance sheet as of March 31, 2010, and their estimated fairvalue are as follows.
consolidatedbalance sheet

Millions of yen
estimated
fair value(a) Cash and cash equivalents
notes and accounts(b) Trade
receivable¥88,669¥88,669-

Allowance for doubtful
accounts (*1)

(1,492)54,49354,493-securities and(c) Marketable
investment securities
notes and accounts(d) Tradepayable

1,697

1,697

-

(43,846)(43,846)-(e) Short- time loans(15,223)(15,223)

-

9

9

-

(f) Derivative transactions (*2)

differene

55,985

Thousands of U.S. dollars
consolidated
estimatedbalance sheet
fair value
differene(a) Cash and cash equivalents $953,020
notes and accounts 601,731(b) Trade
receivable
Allowance for doubtful (16,036)
accounts (*1)
585,695
Marketablesecurities
and18,239(c) investment securities
Trade
notes
and
accounts(471,260)(d) payable$953,020-

585,695-

18,239-(471,260)-(e) Short- time loans(163,618)(163,618)

-

97

97

-

(f) Derivative transactions (*2)(*1) Allowance for doubtful accounts provided for individual customers are deducted.
(*2) The value of assets and liabilities arising from derivatives is shown at net value.
(*3) The liability position is shown in parenthsis.

(Note) 1. Method to determine the estimeted fair value of financial instruments and other mattersrelated to securities and derivative transactions
Cash and cash equivalents, Trade notes and accounts receivable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
Marketable securities and investment securities
The fair value of marketable equity securities is based on the quoted market price.
For information on securities by each holding purpose, refer to Note 12 Securities.
Short-term loans, Trade notes and accounts payable
Since these items are settled in a short period of time, their carrying value
approximates fair value.
Derivatives transactions
Refer to Note 13 Derivative Transactions
2. Financial instruments for which it is extremely difficult to determinie the fair value

Unlisted stocks

Millions of yen

Thousands of
U.S. dollars¥1,802$19,368

Because no quoted market price is available and it is extremely difficult to determine
the fair value, the above financial instruments are not included in the above table.

12. Securities(1) Information regarding marketable Other Securities as ofMarch 31, 2010 and 2009 are as follows:
Millions of yen

Acquisition
cost

2010
Carrying
value

Unrealized
gain (loss)

Due in One
Year or Less

Due after Fiveyear throughTen years

Cash and cash equivalents¥88,669---

Trade notes and accountreceivable
Marketable securities
and invetment securities
Held-to-maturity
debt securities
National and local
government bonds

55,985

-

-

-

-

-

-

-

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

¥144,654---

Corporate bonds
Other marketablesecurities with maturities

total

Due in One
Year or Less

Thousands of U.S. dollars
Due after One Due after Fiveyear throughyear throughTen years
Five years

Due after Fiveyear throughTen years$953,020---

Trade notes and accountreceivable
Marketable securities
and invetment securities
Held-to-maturity
debt securities
National and local
government bonds

601,731

-

-

-

-

-

-

-

-

-

-

-

Corporate bonds

-

-

-

-

Other

-

-

-

-

$1,554,751

-

-

-

Other marketablesecurities with maturities

total

Unrealized
gain (loss)

¥549
(56)
¥493

Thousands of U.S.dollars

2010
Carrying value

Acquisition cost

Unrealized gain (loss)

Securities whose carrying value exceeds their acquisition cost:
Stocks$9,899$16,681
Securities whose acquisition cost exceeds their carrying value:
Stocks
2,150
1,569
Total
$12,049$18,250$6,782(581)$6,201(2) The proceeds from sales of securities, except those of theaffiliated companies, for the years ended March 31, 2010
and 2009 were ¥0 millions ($4 thousands) and ¥19 millions,
respectively. The realized gains on those sales for the years
ended March 31, 2010 and 2009 were (¥2) millions (($21)
thousands) and ¥6 millions, respectively.
(3) Information regarding non-marketable securities as of March
31, 2010 and 2009 is as follows.
Thousands of
U.S.dollars

Millions of yen

Cash and cash equivalents

Corporate bonds

2009
Carrying
value

Securities whose carrying value exceeds their acquisition cost:
Stocks¥921 ¥1,552¥631¥855 ¥1,404
Securities whose acquisition cost exceeds their carrying value:
Stocks
200
146
(54)
270
214
Total
¥1,121 ¥1,698¥577 ¥1,125 ¥1,618

3. Redemption schedule for receivables and marketable securities with maturities at March
31, 2010
Millions of yen
Due after One Due after Fiveyear throughyear throughFive years
Ten years

Acquisition
cost

2010

2010

2010

Carrying value

Other securities
Unlisted stocks
OthersTotal¥1,802¥1,802Carrying value¥1,550¥1,550$19,368$19,368

13. Derivative Transactions(1) Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2010, for which hedged accounting has notbeen applied.

Currency-related transactions

Millions of yen

4. The redemption schedule for long-term debt is disclosed in Note 3.

Contract amout
Maturing
within one year

Fair value

UnrealizedGain(Loss)¥10

Maturing
after one year

Forward foreignexchange contracts

Sell:
EUR

¥1,199

-

¥10

AUD

12

-

0

0

¥1,211

-

¥10

¥10

total

*Caluculation of fair value is based on the value from financial institutions.

17Thousands of U.S. dollars
Contract amout
Maturing
within one year

UnrealizedGain(Loss)

Fair value

Maturing
after one year

Sell:
EUR

$12,887

-

$107

$107

AUD

129

-

0

0

$13,016

-

$107

$107

*Caluculation of fair value is based on the value from financial institutions.

(2) Summarized below are the amount of contract and theestimated fair value of the derivative instruments outstandingat March 31, 2010, for which hedged accounting has been
applied.

Currency-related Transactions
1. Net deffered profits on hedges
Millions of yen
Contract amout

Thousands of U.S. dollars

Fair value

Maturing Maturing
within one after one
year
year

Contract amout
Maturing
within one
year

Fair value

Maturing
after oneyear

Forward foreignexchange contracts

Sell:
EUR
AUD
total

¥85

-

5

-

¥90

-

¥0

$914

-

$0

0

54

-

0

¥0

$968

-

$0

2. Forward foreign exchange contracts, accounted for as part ofaccounts receivable
Millions of yen
Contract amout

Thousands of U.S. dollars

Fair value

Maturing Maturing
within one after one
year
year

Contract amout
Maturing
within one
year

Fair value

Maturing
after oneyear

Forward foreignexchange contracts

Sell:
CAD

¥267

-

¥(7)

$2,870

-

AUD

65

-

(2)

698

-

(22)

¥332

-

¥(9)

$3,568

-

$(97)

total

$(75)

(3) Fair value information of the derivative financial instruments
at March 31, 2009 is summarized below according to thedisclosure requirements applicable to the repective year.
Millions of yen
2009
Contract
amountForward exchange contracts:
Sell Euros and others¥2,046

Fair value¥2,186

Unrealized gain
(loss)¥(140)

Above forward exchange contracts are taken by the Company
to hedge the foreign currency risk on inter-company transactions.
They meet the criteria for deferral hedge accounting, and holding
gains or losses of these financial instruments are deferred in the
Non-Consolidated Financial Statements of the Company.

18(A) Business Segment for the years ended in March 31, 2010 and 2009
The Companies operate in three business segments in the fiscal
year 2009 and 2008.

Forward foreignexchange contracts

total

14. Segment Information

Millions of yen

2010

Net Sales
Retail Solutions Business Group
Unaffiliated customers¥151,786Intersegment
2,626
Total
154,412Document Systems Business Group
Unaffiliated customers
183,636
Intersegment
4,832
Total
188,468
Auto-ID and Printer Business Group
Unaffiliated customers
29,157
Intersegment
3,401
Total
32,558Eliminations(10,860)
Consolidated¥364,578

Thousands of
U.S.dollars

2009

2010

¥166,738
3,770
170,508$1,631,406
28,224
1,659,630

216,037
9,671
225,708

1,973,732
51,9342,025,666

39,826
4,358
44,184(17,799)¥422,601

313,381
36,554349,935(116,724)$3,918,508

Operating Expenses
Retail Solutions Business Group
Document Systems Business Group
Auto-ID and Printer Business GroupEliminations
Consolidated¥149,335
184,529
31,849(10,860)¥354,853¥163,867
223,644
42,767(17,800)¥412,478$1,605,062
1,983,330
342,315(116,724)$3,813,983

Operating Income
Retail Solutions Business Group
Document Systems Business Group
Auto-ID and Printer Business GroupEliminations
Consolidated¥5,077
3,939
709¥9,725¥6,642
2,064
1,417¥10,123$54,568
42,337
7,620$104,525

Identifiable Assets
Retail Solutions Business Group
Document Systems Business Group
Auto-ID and Printer Business Group
Corporate and Eliminations
Consolidated¥65,392
140,029
26,84057,257¥289,518¥65,762
147,591
25,84542,534¥281,732$702,837
1,505,041
288,478
615,402$3,111,758

Depreciation and Amortization
Retail Solutions Business Group
Document Systems Business Group
Auto-ID and Printer Business Group
Consolidated¥2,816
13,677762¥17,255¥3,15013,016808¥16,974$30,267
147,001
8,190$185,458

Capital Expenditures
Retail Solutions Business Group
Document Systems Business Group
Auto-ID and Printer Business Group
Consolidated¥1,6808,507
253¥10,440¥3,907
10,627580¥15,114$18,057
91,434
2,719$112,210(Note)
		

Corporate assets mainly consist of cash, time deposits, securities and investments withfinancial institutions of the Company.
Corporate assets at March 31, 2010 and 2009, are ¥58,496 millions ($628,719
thousands) and ¥43,422 millions, respectively.
The main products of each business segments
Retail Solutions Business GroupPOS Systems, Electronic Cash Register, Electronic Scales
Document Systems Business Group
Color Multi Function Peripherals, Monochrome Multi Function Peripherals
Auto-ID and Printer Business Group
Barcode Printer, RFID Products

(B) Geographic Segments(C) Net Sales by Region
Thousands of
U.S.dollars

Millions of yen

2010

Net SalesJapan
Unaffiliated customers
Intersegment
Total
American States
Unaffiliated customers
Intersegment
Total
EuropeUnaffiliated customers
Intersegment
Total
Asia and others
Unaffiliated customers
Intersegment
Total
Eliminations
Consolidated
Operating Expenses
Japan
American States
EuropeAsia and others
Eliminations
Consolidated
Operating Income
Japan
American States
EuropeAsia and others
Eliminations
Consolidated
Identifiable Assets
Japan
American States
EuropeAsia and others
Corporate and Eliminations
Consolidated

2009

2010

¥188,545
66,610255,155¥215,419
70,266285,685$2,026,494
715,929
2,742,423

66,288
1,620
67,90881,065
1,855
82,920712,468
17,412729,880

81,0302,744
83,774

91,3882,398
93,786870,916
29,492
900,408

28,71645,96874,684(116,943)¥364,578

34,73052,26886,998(126,788)¥422,601

308,642494,067
802,709(1,256,912)$3,918,508¥248,535
70,20580,731
70,977(115,595)¥354,853¥282,392
83,47593,55882,736(129,683)¥412,478$2,671,271
754,568
867,702762,866(1,242,423)$3,813,983¥6,620(2,297)
3,043
3,707(1,348)¥9,725¥198,572
26,93953,50941,359(30,861)¥289,518¥3,293
(555)
228
4,262
2,895
¥10,123¥203,938
26,88947,941
37,321(34,357)¥281,732$71,152(24,688)
32,706
39,843(14,488)$104,525$2,134,265
289,542
575,118
444,529(331,696)$3,111,758(Note1) Criteria of geographical segmentation and the name of countries or areas mainly
included in each segment except for Japan are as follows:(1) Criteria: geographical closeness(2) Countries & Areas
1. American States
U.S.A., Canada, Mexico, Puerto Rico, Panama, Venezuela, Brazil, Chile
2. Europe
U.K., France, Germany, Belgium, Spain, Netherlands, Sweden, Norway,
Denmark, Finland, Switzerland, Poland
3. Asia and Others
Singapore, Malaysia, Indonesia, China, Australia, Korea

Thousands of
U.S.dollars

Millions of yen

Net SalesJapan
American States
EuropeAsia and others
Net sales(Note)

2010

2009¥169,415
76,68386,98831,492¥364,578¥190,828
97,42598,80235,546¥422,6012010$1,820,883
824,194
934,953
338,478$3,918,508

Net sales by region are determined based upon the locations of the customers.
Therefore, this information is different from the net sales for geographic segments,
which are determined based upon where the sales originated.

15. Stock Option Plan
Stock option for the years ended March 31, 2010 and 2009 are
as follows:

The year ended March 31, 2010
1. The amount and the accounting subject in relation to thestock option in the fiscal year 2009
Selling, General and Administrative Expenses: ¥66 million($709 thousand).
2. The size of stock option and its circumstances
1) General information
The first new share subscription rightas share-reward type stock option
Qualified beneficiaries

18 of the Company directors and corporate
officers

Type of shares for which
new subscription rights offered

83,000 shares of Common stock

Date of issuanceAugust 1, 2008

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From August 2, 2008 to August 1, 2038
The second new share subscription rightas share-reward type stock option

Qualified beneficiaries

17 of the Company directors and corporate
officers

Type of shares for which
new subscription rights offered

169,000 shares of Common stock

Date of issuance

July 31, 2009

Condition of exercising(Note)

Vesting period

No conditional period required

Subscription rights exercise period

From August 1, 2009 to July 31, 2039

(Note) 1.
2.

The amount is converted into the number of shares.
Fixed term of the right is not given.
Subscription rights may be exercised in a lump sum within expiration cycle and 10
days after a beneficiary resigns from directors or corporate officers.

(Note2) Corporate assets mainly consist of cash, time deposits, securities and investments withfinancial institutions of the Company.
		 Corporate assets at March 31, 2010 and 2009, are ¥58,496 millions ($628,719
thousands) and ¥43,422 millions, respectively.

192) The size of stock option and movement
Addressed is the amount of stock option existing in the years
ended March 31, 2010 and 2009.
As for the number of stock option, it is converted into thenumber of shares.

The first new share subscription rightas share-reward type stock option
Qualified beneficiaries

18 of the Company directors and corporate
officers

Type of shares for which
new subscription rights offered

83,000 shares of Common stock

Date of issuanceAugust 1, 2008

Condition of exercising(Note)

Vesting period

No conditional period required

Before the resolution

Subscription rights exercise period

From August 2, 2008 to August 1, 2038

End of the preceding term

(Note) 1.
2.
		

2-1. The number of stock option
The first new share
The second new sharesubscription right as
subscription right asshare-reward type stock share-reward type stock
optionoption83,000--169,000

OfferedCancelled
Vested--83,000169,000--

Outstanding
End of the preceding term
March 31, 2008--

Vested83,000169,000

Exercised

17,000-Cancelled--

66,000169,000

Outstanding

The avarage price at the timeof exercising
Official price at the date ofoffered¥1

The second new sharesubscription right asshare-reward type stock
option($0.01)¥1($0.01)¥387 ($4.160)-¥560 ($6.019)¥393 ($4.224)

3. The evaluation of fair price of stock option
1) The evaluation method used: Black–Scholes method
2) General information and the method of estimation
The first new sharesubscription rightas share-reward typestock option
Stock market volatility (Note 1)

28.1%

The second new sharesubscription right asshare-reward type stock
option42.4%

Estimated residual period (Note 2)

3 years and 6 month

2 years and 6 month

Estimated dividents (Note 3)¥12 ($0.12) per share¥5 ($0.05) per share

Risk-free rate (Note 4)(Note) 1.
		
2.
3.
		
4.

2) The size of stock option and movement
Addressed is the amount of stock option existing in the year
ended March 31, 2009.
As for the number of stock option, it is converted into thenumber of shares.
2-1. The number of stock option
The first new share subscription rightas share-reward type stock option
March 31, 2008

The first new sharesubscription rightas share-reward typestock option
Exercised price

The amount is converted into the number of shares.
Fixed term of the right is not given.
Subscription rights may be exercised in a lump sum within expiration cycle and 10
days after a beneficiary resigns from directors or corporate officers .

Before the resolution

2-2. Per share data

0.94%

0.34%

The first : The figure is calculated based on actual share data from Febrary 14, 2005
up to the week of offered.
The second : The figure is calculated based on actual share data from January 29,
2007 up to the week of offered.
The calculation is based on the condition that the Company's directors or corporate
officers are resigned and the exercised exactly after the day of resignation.
The first : The estimated figure is based on the actual divident amount at March 31,
2008.
The second : The estimated figure is based on the actual divident amount at March
31, 2009.
Estimated capitalisation cycle of government bond in accordance with estimatedaccumulated period

4. The method of estimating the number of stock option vested
Fundamentally, only the actual number of cancelled is shownas it is difficult to estimate possible number of cancelled.

The year ended March 31, 2009
1. The amount and the accounting subject in relation to thestock option in the fiscal year 2008
Selling, General and Administrative Expenses: ¥46 million

20

2. The size of stock option and its circumstances
1) General information-

Offered83,000Cancelled-

Vested-Outstanding

83,000After the resolution
March 31, 2008-

Vested-Exercised-

Cancelled-

Outstanding-

2-2. Per share data
The first new share subscription rightas share-reward type stock option
Exercised price¥1

The avarage price at the time of
exercising-

Official price at the date of offered¥560

3. The evaluation of fair price of stock option
1) The evaluation method used: Black–Scholes method
2) General information and the method of estimation
The first new share subscription rightas share-reward type stock option
Stock market volatility (Note 1)

28.1%

Estimated residual period (Note 2)

3 years and 6 month

Estimated dividents (Note 3)¥12 ($0.12) per share

Risk-free rate (Note 4)(Note) 1.
2.
3.
4.

0.94%

The figure is calculated based on actual share data from February 14, 2005 up to theweek of offered.
The calculation is based on the condition that the Company's directors or corporate
officers are resigned and the exercised exactly after the day of resignation.
The estimated figure is based on the actual divident amount at March 31, 2008.
Estimated capitalisation cycle of government bond in accordance with estimatedaccumulated period

4. The method of estimating the number of stock option vested
Fundamentally, only the actual number of cancelled is shownas it is difficult to estimate possible number of cancelled.

16. Transactions with Related Parties(¥=Million, US$=Thousand, GBP=Thousand)(A) Transactions with Fellow Subsidiaries for the year
ended March 31, 2010.
(¥=Million, US$=Thousand, S$=Thousand)StatusName

Subsidiary
Toshibaof the parent Singapore Pte.,companyLtd.

Address

Singapore

Relationship
Dispatch of
executive
officers.

Business
Relationship

None

Sales of our
products

Transactions
Sales of document
processing andtelecommunicationequipments, etc.

Capital(Thousand of
Singapore dollars)

Business

S$11,600(US$8,291)

Sales andmaintenanceof audio visualequipment, personal
computers,document
processing andtelecommunicationequipments,etc.

Percentage of voting
rights held (%)

None

Balance atTransaction
Account item Fiscal Year End
Amounts(Millions of yen)
(Millions of yen)

¥7,432

Trade notes
and accountreceivable¥2,967($31,890)

With regard to the amounts above, Transaction Amounts don't include consumption taxes andBalance at Fiscal Year End include them.
Policy for determining trade terms and other related matters
As in the case of general trade terms, sales of products are determined from market prices andoverall costs.
(¥=Million, US$=Thousand)StatusName

Address

Capital(Millions of yen)

Business

Percentage of voting
rights held (%)

Subsidiaryof the parent
company

Toshiba
CapitalCorporation

Minato-ku,
Tokyo

¥100
($1,075)

Financing of
TOSHIBAGroup domestic
companies

None

Relationship
Dispatch of
Business
executive
Relationshipofficers.

None

Deposits offunds

Transactions

Deposits offunds

Transaction
Amounts(Millions of yen)

*1

Balance at
Account item Fiscal Year End(Millions of yen)
Cash and Cashequivalents¥52,731($566,756)

Receivedinterest¥176 ($1,892)

Accuredinterst¥7 ($75)

StatusName

Percentage of voting
rights held (%)

GBP 5,000(US$7,545)

Financingof corporate
subsidiaries
overseas etc.

None

Transactions

Transaction
Amounts(Millions of yen)Account item

Balance at
Fiscal YearEnd

Deposits of
funds

*1

Cash and Cashequivalents¥4,553($48,936)

Toshiba
Subsidiary
London, UK
Internationalof the parent
Finance (UK) Plc.
company
Relationship
Dispatch of
Business
executive
Relationshipofficers.
Deposits of
None
funds

CapitalBusiness

Address(Thousands ofsterling pound)With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.

(B) Transactions with Fellow Subsidiaries for the year
ended March 31, 2009.
(¥=Million)
StatusName

Address

CapitalBusiness

Percentage of voting
rights held (%)

None(Millions of yen)ToshibaSolutions
Corporation

Minato-ku,
Tokyo¥23,500

Development,
designing,
manufacturing,sales andmaintenanceof computer
systems andcommunication
systems,etc.

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

Transactions

Transaction
Amounts

Account item

Balance at
Fiscal YearEnd

Sales of our
products

Sales of document
processing andtelecommunicationequipments, etc.

¥7,241

Trade notes
and accountreceivable¥3,586

Subsidiaryof the parent
company

NoneWith regard to the amounts above, Transaction Amounts don't include consumption taxes andBalance at Fiscal Year End include them.
Policy for determining trade terms and other related matters
As in the case of general trade terms, sales of products are determined from market prices andoverall costs.

With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.
(¥=Million, US$=Thousand, S$=Thousand)StatusName

Subsidiaryof the parent
company

Toshiba
Capital (Asia)
LTD.

Relationship
Dispatch of
Business
executive
Relationshipofficers.
None

Deposits offunds

Address

Capital(Thousands ofSingapore dollars)

Business

Percentage of voting
rights held (%)

Singapore

S$4,000(US$2,859)

Financingof corporate
subsidiaries
overseas etc.

Transactions

Transaction
Amounts(Millions of yen)

Balance at
Account item Fiscal Year End(Millions of yen)

Deposits of
funds

*1

None

Cash and Cashequivalents¥9,449($101,558)

Receivedinterest¥34 ($365)

With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.

(¥=Million)
CapitalBusiness

Percentage of voting
rights held (%)

Minato-ku,
Tokyo

¥100

Financing of
TOSHIBA Groupdomestic companies

None

Transactions

Transaction
Amounts

Account item

Balance at
Fiscal YearEnd

StatusName

Address

Subsidiaryof the parent
company

Toshiba
CapitalCorporation

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

None

Deposits offunds

Deposits offunds(Millions of yen)

*1

Cash and Cashequivalents¥35,718

Receivedinterest¥223

Accruedinterest¥1

With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.

*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.

21

(¥=Million, S$=Thousand)Business

Percentage of voting
rights held (%)
None

Balance at
Fiscal YearEnd

StatusName

Subsidiaryof the parent
company

Toshiba
Capital (Asia)
LTD.

Singapore

S$4,000

Financingof corporate
subsidiaries
overseas etc.

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

Transactions

Transaction
Amounts

Account item

None

Deposits offunds

Address

Capital(Thousands ofSingapore dollars)

Deposits of
funds

*1

(Millions of yen)

Cash and Cashequivalents¥6,214

Receivedinterest¥112

17. Cash Dividends(A) Cash dividends for the year ended March 31, 2010
(1) Cash dividends paid
Not applicable(2) Year end dividends of the following fiscal year
(resolution)

Type ofsharesTotal amountof dividends(Millions of yen)

Board ofCommondirectors held on
stock
April 28, 2010

¥1,375

Dividend
resource

Retainedearnings

Dividends
per share Record date Effective date
(yen)

¥5.0

March, 31, 2010 June 1, 2010

Dividends
per share

Record date Effective date

$0.05

March, 31, 2010 June 1, 2010

With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.

(resolution)

Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.

Board ofCommondirectors held on
stock
April 28, 2010(¥=Million, GBP=Thousand)Status
Subsidiaryof the parent
companyName
Toshiba
International
Finance Plc.

Address
London, UK

Relationship
Dispatch of
Business
executive
Relationshipofficers, etc.

Transactions

Deposits offunds

Deposits of
funds

None

CapitalBusiness

Percentage of voting
rights held (%)

GBP 5,000

Financingof corporate
subsidiaries
overseas etc.

None

Account item

Balance at
Fiscal Year
End

Transaction
Amounts*1

Short-termloans payable¥3,744

Interest
expense¥87

With regard to the amounts above, Balance at Fiscal Year End include consumption taxes.
*1 Concerning Deposits of funds, it's difficult to figure out Transaction Amounts because fundsettlement is performed whenever needed.
Therefore, only Balance at Fiscal Year End is stated.
Policy for determining trade terms and other related matters
Depositing funds are determined from market rates and offers from third party interests rates.

22

Total amountof dividends(Thousands of
U.S.dollars)$14,779

Dividend
resource

Retainedearnings(U.S.dollars)(B) Cash dividends for the year ended March 31, 2009
(1) Cash dividends paid
(resolution)(Millions of yen)Type ofsharesGeneralshareholders'meeting held on
April 25, 2008
Board ofdirectors held on
October 30, 2008

Total amountof dividends(Millions of yen)

Dividends per
share
(yen)

Record date

Effective dateCommonstock¥1,804¥6.5

March, 31, 2008

(After generalshareholders' meeting)Commonstock¥1,376¥5.0

September 30,2008 December 1, 2008

Type of shares(2) Year end dividends of the following fiscal year
Not applicable

June 2, 2008

18. Subsequent Event
The year ended in March 31, 2010
(A) Change in Business Segment
Effective April 1, 2010, the Company changed its businesssegment. Corresponding to the changes in the businesscircumstances, the Company shifted the business structurefrom commodity composition segment base to market-friendly
segment base with the aim of expanding business areas in ashort period of time possible and establishing become as a totalsolutions provider.
New Business groups and main products are as follows.
(1) System Solutions Business Group Segment
POS systems, Electronic Cash Registers, Electronic Scales,
Office Automation Equipments, Supply products, Multifunction
Peripherals, Facsimile, Unit parts, Inkjet Head, Barcode systems,
RFID solutions, Printers, Custom terminals, in Japan(2) Document Solutions Business Group Segment
Multifunction Peripherals, Facsimile, Unit parts, Inkjet Head,
Overseas(3) International POS, AI & Printer Business Group Segment
POS systems, Electronic Cash Resgisters, Electronic Scales,
Supply products, Barcode systems, RFID solutions, Printers,
Overseas
The business segment information for the year ended March
31, 2010, under the new business segmentation is as follows.
Millions of yen

2010

Net Sales
System Solutions Business Group
Unaffiliated customers
Intersegment
Total
Document Solutions Business Group
Unaffiliated customers
Intersegment
Total
International POS, AI & Printer Business Group
Unaffiliated customers
Intersegment
Total
Eliminations
Consolidated¥161, 990
2,363
164,353
162,833
9,127
171,960
39,755
233
39,988(11,723)¥364,578

Operating Expenses
System Solutions Business Group
Document Solutions Business GroupInternational POS, AI & Printer Business GroupEliminations
Consolidated¥160,797
167,631
38,148(11,723)¥354,853

Operating Income
System Solutions Business Group
Document Solutions Business GroupInternational POS, AI & Printer Business GroupEliminations
Consolidated¥3,556
4,329
1,840¥9,725

Identifiable Assets
System Solutions Business Group
Document Solutions Business GroupInternational POS, AI & Printer Business Group
Corporate and Eliminations
Consolidated¥65,426
133,196
32,40058,496¥289,518

Depreciation and Amortization
System Solutions Business Group
Document Solutions Business GroupInternational POS, AI & Printer Business Group
Consolidated¥3,292
13,001
962¥17,255

Capital Expenditures
System Solutions Business Group
Document Solutions Business GroupInternational POS, AI & Printer Business Group
Consolidated¥1,7118,389
340¥10,440(B) Transfer of Business
The company deceided at the meeting of board of directors
held on May 27, 2010, to take over the MFP's business ofdomestic sales and maintenance service from Toshiba Tec
Business Solutions Corporation, effective on October 1, 2010.
(1) Company name and its content of business, a legal form ofbusiness combination, company name after combination andpurpose of business transfer.
1. Company name and its content of businessToshiba Tec Business Solutions Corporation
MFP's business of domestic sales and maintenanceservice
2. Legal form of business combination
Business transfer under common control
3. Company name after combination
Toshiba Tec Corporation
4. Purpose of business transfer
The Company rebuilds the domestic business, andtakes over the MFP's business of domestic sales andmaintenance service and creates synergy effects with
System Solutions Buisness.
(2) Summary of accounting method
The Company accounts for this transfer of business asa transaction under the common control as stated in the"Accounting for Business Combinations" and "Guidance
for Accounting Standard for Business Combinations andBusiness Divestitures".

The year ended in March 31, 2009
Not applicable23

24