Toshiba Tec : FY2023 First Six Months Consolidated Business Results

FY2023 First Six Months Consolidated Business Results

Toshiba Tec Corporation

Nov 13, 2023

© 2023 Toshiba Tec Corporation

Contents

01 Key Messages

02 FY2023 First Six Months Consolidated Business Results

03 FY2023 Forecast

© 2023 Toshiba Tec Corporation

2

01

Key Messages

© 2023 Toshiba Tec Corporation

3

Key Messages

Operating profit for the 1st half of FY2023 remained the same level as the same period of FY2022

Operating profit for the 2Q increased 3.3 billion yen from the 1Q

Strong performance by domestic retail business and workplace business in the 2Q

Operating profit attributable to owners of parent for the 1st half of FY2023 increased by 8.5 billion yen versus the same period last year

The profit increased due to the absence of the one-time deteriorating impact of extraordinary losses

Positive free cash flow was secured in the 1st half of FY2023

Free cash flow turned positive due to improved efficiency of internal funds and working capital despite temporary deteriorating factors

The purchase of treasury shares was completed upon completion of the Tender Offer

2,444,293 shares were purchased. Estimated EPS has improved as planned by the purchase
of treasury shares (purchase price of shares is 8.7 billion yen) .	4
© 2023 Toshiba Tec Corporation

02

FY2023 First Six Months Consolidated Business Results

© 2023 Toshiba Tec Corporation

5

FY2023/1H Business Results (Consolidated)

				(Billions of yen)
		FY2023/1H	FY2022/1H	Difference
		Actual	Actual	vs FY2022/1H
Net Sales		263.6	243.9	+19.8
Operating Profit		5.9	6.0	△0.0
	(Rate of sales)	(2.2%)	(2.4%)
Ordinary Profit		3.7	2.8	+0.9
	(Rate of sales)	(1.4%)	(1.1%)
Profit/loss Attributable to	2.2	△6.4	+8.5
Owners of Parent
	(Rate of sales)	(0.8%)	(-%)
Dividends		20Yen	20Yen	-
Foreign Currency	US$	139.93	131.59	+8.34
Exchange Rate (Yen)	EUR	152.78	138.21	+14.57
				© 2023 Toshiba Tec Corporation 6

FY2023/1H Business Results (Quarterly)

			(Billions of yen)
	FY2023/1Q	FY2023/2Q	FY2023/1H
	Actual	Actual	Actual
Net Sales	122.4	141.3	263.6
Operating Profit	1.3	4.6	5.9
(Rate of sales)	(1.1%)	(3.3%)	(2.2%)

Quarterly net sales and operating profit

	134.6	130.6		136.3		141.3
109.3		122.4		Net sales
	5.8		5.8					Operating
		4.3			4.6		profit
	0.2				1.3
1Q	2Q	3Q		4Q	1Q	2Q
		FY2022				FY2023

© 2023 Toshiba Tec Corporation

7

Operating Profit Analysis

6.0

Gross Profit

+11.7

Sales

volume

+5.8

Impact of

exchange rate

Sales changes

mix +3.8 +2.1

SG&A	(Billions of yen)
▲11.8	*This chart shows
profit transition

Personnel

Expenses

▲3.1 R&D

▲2.2 Others

▲3.0	5.9
Impact of
exchange rate
	changes

FY2022/1H	▲3.4	FY2023/1H
Operating		Operating
Profit		Profit

© 2023 Toshiba Tec Corporation

8

FY2023/1H Business Results by Segment

									(Billions of yen)
			FY2023/1H		FY2022/1H	Difference
			Actual				Actual	vs FY2022/1H
Retail Solutions	Net Sales	149.6		145.5	+4.2
Business Group	Operating Profit	0.9		4.9	△4.0
		(Rate of sales)	(0.6%)		(3.3%)
	180.0	Sales by regions
	160.0	149.6	145.5
	140.0	12.1	11.2				Others
	12.2
	120.0	14.1				Europe
	100.0	40.9	44.2				Americas
	80.0
						Domestic
	60.0	84.4
	40.0	76.0
	20.0
	0.0
	FY2023/1H	FY2022/1H
									© 2023 Toshiba Tec Corporation 9

FY2023/1H Business Results by Segment (Quarterly)

										(Billions of yen)
						FY2023/1Q	FY2023/2Q		FY2023/1H
						Actual	Actual			Actual
Retail Solutions		Net Sales	69.1	80.5			149.6
Business Group
	Operating Profit	△0.8	1.7			0.9
					(Rate of sales)	(-%)	(2.1%)			(0.6%)
				Quarterly net sales and operating profit
			82.0
			73.0	78.5		80.5
63.4		69.1		Net sales
		4.8
					3.0					Operating
									1.7	profit
				1.3
0.1
							△0.8
	1Q	2Q		3Q	4Q	1Q		2Q
				FY2022		FY2023

© 2023 Toshiba Tec Corporation 10