Toshiba Tec : Statement of Accounts (2025.12)

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results

for the Nine Months Ended December 31, 2025 [Japanese GAAP]

February 9, 2026

Company name: Toshiba Tec Corporation Stock exchange listing: Tokyo

Code number: 6588

URL: https://www.toshibatec.co.jp/

Representative: Hironobu Nishikori President and CEO

Contact: Akira Abe General Manager of Corporate Communications Division Phone: [phone]

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes Schedule of quarterly financial results briefing session: Yes

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2025 (April 1, 2025 to December 31, 2025)

   1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended December 31, 2025 December 31, 2024	Million yen 399,835 425,517	% (6.0) 7.3	Million yen 2,540 11,767	% (78.4) 24.3	Million yen 429 11,169	% (96.2) 74.2	Million yen (8,812) 27,185	% - -

      (Note) Comprehensive income:	Nine months ended December 31, 2025:	¥	(8,498) million [	-%]
      	Nine months ended December 31, 2024:	¥	20,239 million [	-%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	(166.35)	-
      December 31, 2024	513.47	513.43

      (Note) Diluted earnings per share for the nine months ended December 31, 2025 is not presented even though the Company has issued potential shares, because basic earnings per share was net loss.

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of	Million yen	Million yen	%
   December 31, 2025	339,358	87,839	23.9
   March 31, 2025	346,371	115,685	31.2

   (Reference) Equity: As of December 31, 2025:	¥	81,159 million
   As of March 31, 2025:	¥	108,076 million

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	20.00	-	25.00	45.00
   Fiscal year ending March 31, 2026	-	0.00	-
   Fiscal year ending March 31, 2026 (Forecast)				20.00	20.00

   (Note) Revision to the forecast for dividends announced most recently: No

3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
Full year	Million yen 570,000	% (1.2)	Million yen 12,000	% (40.7)	Million yen 8,000	% (56.4)	Million yen 0	% -	Yen 0.00

(Note) Revision to the financial forecast announced most recently: Yes

* Notes:

1. Changes in significant subsidiaries during the nine months ended December 31, 2025

   (changes in specified subsidiaries resulting in changes in scope of consolidation): No

   New: - (Company name: )

   Exclusion: - (Company name: )

2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes

   (Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Notes (3) Notes to the quarterly consolidated financial statements (Accounting policies adopted specially for the preparation of quarterly consolidated financial statements)" on page 10 of this report.

3. Changes in accounting policies, changes in accounting estimates and retrospective restatement

   1. Changes in accounting policies due to the revision of accounting standards: No

   2. Changes in accounting policies other than 1) above: No

   3. Changes in accounting estimates: No

   4. Retrospective restatement: No

4. Total number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): December 31, 2025: 57,629,140 shares

      March 31, 2025: 57,629,140 shares

   2. Total number of treasury shares at the end of the period:

      December 31, 2025: 4,641,059 shares

      March 31, 2025: 4,677,354 shares

   3. Average number of shares during the period:

Nine months ended December 31, 2025: 52,973,892 shares

Nine months ended December 31, 2024: 52,943,283 shares

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary)

• Proper use of earnings forecast, and other special matters (Explanation for the proper use of earnings forecast)

  Financial forecast is based on information currently available to the Company and certain assumptions deemed reasonable and is not intended to be the Company's guarantee that the forecast will be achieved. Actual results may significantly vary due to a variety of factors. For the assumptions used as the basis for the earnings forecast and precautions regarding the use of the earnings forecast, please refer to "1. Summary of consolidated business results, etc. (3) Consolidated financial forecast and other forward-looking information" on page 4 of this report.

  Table of Contents of Attachments

  1. Summary of consolidated business results, etc.

     1. Summary of consolidated business results etc. for the nine months ended December 31, 2025 2

     2. Summary of consolidated financial condition etc. for the nine months ended December 31, 2025 3

     3. Consolidated financial forecast and other forward-looking information 4

  2. Quarterly Consolidated Financial Statements and Notes 6

     1. Quarterly Consolidated Balance Sheet 6

     2. Quarterly Consolidated Statement of Income and Comprehensive Income 8

        Quarterly Consolidated Statement of Income (For the nine months) 8

        Quarterly Consolidated Statement of Comprehensive Income (For the nine months) 9

     3. Notes to the quarterly consolidated financial statements 10

Accounting policies adopted specially for the preparation of quarterly consolidated financial statements 10

Segment information, etc. 10

Notes in the event of significant amount changes in shareholders' equity 11

Notes on going concern assumption 11

Notes to statements of cash flows 11

1. Summary of consolidated business results, etc.

1. Summary of consolidated business results etc. for the nine months ended December 31, 2025

   The world economy for the nine months ended December 31, 2025, remained in a difficult situation, as the outlook for the economy continued to be uncertain due to the heightened uncertainty in market conditions across various countries, particularly in the U.S., stemming from the U.S. tariff measures and other factors, as well as the impact of continued price rises and geopolitical risks.

   Amid such conditions, Toshiba Tec Corporation (the "Company") and its subsidiaries (collectively, the "Group") have been pursuing the Basic Policy, "To become a global top solutions partner by generating new value through co-creation with the aim of contributing to the resolution of social issues." Under the basic policy, the Group has striven to strengthen the profitability of core businesses, expand the growth business areas, transform management, enhance human resources, and promote sustainability, etc. toward sustainable growth. In this way, the Group has strived to contribute to the resolution of social issues with the aim of becoming a global top solutions partner.

   In the nine months ended December 31, 2025, net sales were ¥399,835 million (down 6% year on year), due mainly to a decreased sales of POS systems for the overseas market and multifunction peripherals (MFPs) by the significant decline in sales up to the six months ended September 30, 2025, and the negative impact of foreign exchange rates, despite some improvement in the three months ended December 31, 2025 for deterioration of market conditions in the U.S. and other countries and the delay in the timing of investments by customers resulting from the U.S. tariff measures. On the profit front, although we worked on measures such as revising product prices and optimizing production sites and the effects of these measures increased in the three months ended December 31, 2025, we were not able to fully compensate for the decrease in net sales and the impact of cost increases associated with U.S. tariff measures. Consequently the profit and loss of POS systems for overseas markets and MFPs for overseas markets deteriorated, resulting in operating profit of

   ¥2,540 million (down 78% year on year) and ordinary profit of ¥429 million (down 96% year on year). We recorded provision of allowance for economic compensation under extraordinary loss due to ETRIA CO., LTD.'s decision to reduce the business scale of Toshiba Tec Information Systems (Shenzhen), which is a former subsidiary, and currently a subsidiary of ETRIA CO., LTD., resulting in loss attributable to owners of the parent of ¥8,812 million (profit attributable to owners of parent of ¥27,185 million in the same period of the previous fiscal year).

   Results of reportable segments for the nine months ended December 31, 2025 were as follows.

   Retail Solutions Business Group

   The Retail Solutions Business Group handles POS systems for domestic and overseas markets, MFPs for the domestic market, auto ID systems for the domestic market, and related products. Amid a severe business environment in which intensifying competition with peers continues, the business group has worked on expanding the high-value-added solutions business through the global retail platform "ELERA", generative AI utilization services and strategic partnerships, boosting recurring revenue business and the multi-vendor maintenance services covering not only our equipment but also IT equipment of other companies.

   Sales of POS systems for the domestic market increased due to efforts to expand sales mainly of self-checkout systems, smart receipts, and payment terminals, as well as revisions of product prices and maintenance service prices.

   Sales of POS systems for overseas markets declined due to a large decrease in hardware sales up to the six months ended September 30, 2025, mainly in the Americas, and the impact of foreign exchange rates, despite some improvement in the three months ended December 31, 2025 for deterioration of market conditions in the U.S. and other countries and delays in the timing of investment by customers resulting from the U.S. tariff measures.

   Sales of MFPs for the domestic market declined due to a decrease in printing volume and customers refraining from purchasing.

   Sales of auto ID systems for the domestic market declined due to a decrease in sales of high-end models and a reaction to large-scale orders for portable printers in the same period of the previous fiscal year.

   As a result, net sales of the Retail Solutions Business Group were ¥238,782 million (down 6% year on year).

   Operating profit of the business group was ¥150 million (down 96% year on year). Despite improved profitability of POS systems for the domestic market due to a better model mix, improved profitability of MFPs for the domestic market due to revisions of maintenance service prices and the signs of an improvement in the profitability of POS systems for the overseas market in the three months ended December 31, 2025, the profitability of POS systems for overseas markets declined for the nine month period cumulatively, mainly in the Americas, due to a decrease in net sales and increased costs associated with U.S. tariff measures. Meanwhile, the introduction of the global retail platform "ELERA" has been expanding in overseas markets. Expectations for "ELERA" have been rising, as evidenced by its recognition as a "Super Platform" by IDC, a U.S. research firm. We intend to further improve the financial results of POS systems for overseas markets by expanding the introduction of "ELERA" in the future.

   Workplace Solutions Business Group

   The Workplace Solutions Business Group handles MFPs for overseas markets, auto ID systems for overseas markets, and related products. Amid a severe business environment in which the declining printing volume due to work style reforms and office DX promotion and intensifying competition with peers continue, the business group focused on strengthening the profitability of MFPs, its core business and worked on developing the office solutions business and the auto ID solutions business, which are growth areas.

   Sales of MFPs for overseas markets declined due to a decrease in sales in all regions, mainly in the Americas as a result of the U.S. tariff measures, the reaction following the temporary increase in sales resulting from the recovery of product supply in the same period of the previous fiscal year and other factors, despite the increasing effect of product price revisions in the three months ended December 31, 2025.

   Sales of auto ID systems for overseas markets declined as a result of a decrease in sales mainly in the Americas caused by the reaction to large-scale property orders received in the same period of the previous fiscal year.

   As a result, net sales of the Workplace Solutions Business Group were ¥165,518 million (down 6% year on year). Operating profit for the business group was ¥2,390 million (down 71% year on year) due to the deterioration of profit and loss across all regions. Although the effects of the measures such as product price revisions and optimization of production sites increased in the three months ended December 31, 2025, they were not able to fully compensate for the decrease in net sales and cost increases associated with the U.S. tariff measures. Another factor behind the significant decline in operating income compared to the same period of the previous fiscal year was a temporary increase in the operating rate at plants due to the impact of a temporary increase in the production volume of MFPs in the same period of the previous fiscal year.

   This is due to the transfer of the Group's business of the development and manufacturing of MFPs and auto ID systems to ETRIA CO., LTD. in July 2024.

   (Note) An auto ID system is a system that uses hardware and software devices to recognize and manage data content by automatically scanning barcode and RFID tag data.

2. Summary of consolidated financial condition etc. for the nine months ended December 31, 2025

Assets at the end of the third quarter of the fiscal year ending March 31, 2026 decreased by ¥7,013 million from the end of the previous fiscal year to ¥339,358 million. This was mainly because cash and deposits in current assets decreased by ¥16,103 million and investment securities in investments and other assets decreased by ¥22,496 million, although notes and accounts receivable - trade, and contract assets, merchandise and finished goods, work in process, raw materials and supplies and "Other" in current assets increased by

¥1,346 million, ¥17,909 million, ¥1,109 million, ¥1,823 million and ¥6,543 million, respectively, and "Other" in investments and other assets increased by ¥1,916 million.

Liabilities increased by ¥20,832 million from the end of the previous fiscal year to ¥251,518 million. This was mainly because notes and accounts payable - trade, current portion of long-term borrowings and allowance for economic compensation in current liabilities increased by ¥17,172 million, ¥4,061 million and

¥4,356 million, respectively, and long-term borrowings in non-current liabilities increased by ¥2,307 million,