Toshiba Tec : Matters regarding the controlling shareholder

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.

May 12, 2025

Company: Toshiba Tec Corporation Representative: Hironobu Nishikori

Representative Director

President and Chief Executive Officer (Securities code: 6588,

Tokyo Stock Exchange Prime Market)

Contact: Akira Abe

General Manager of Corporate Communications Department (Tel: [phone])

Matters regarding the controlling shareholder

1. Trade name and other information on the parent company, etc. (as of March 31, 2025)

   Parent company, etc.	Attribute	Percentage of voting rights held by the parent company, etc. (%)	Securities exchanges, etc. where shares issued by the parent company, etc. are listed
   Toshiba Corporation	Parent company	50.5 [0.1]	-

   Note: The indirectly held portion of the percentage of voting rights held by the parent company, etc. is shown in square brackets.

2. Relationships between the listed company and the parent company, etc., including its position within the corporate group of the parent company, etc. (as of March 31, 2025)

   1. The position of the listed company within the corporate group of the parent company, etc., business relationships, human or capital relationships with the parent company, etc., and its group companies

      The parent company of Toshiba Tec Corporation ("the Company") is Toshiba Corporation, which holds 50.5% of the voting rights of the Company (including 0.1% held indirectly).

      The Company is responsible for the Retail & Printing Solutions business within the Toshiba Group, and autonomously operates all facets of the business from development and manufacturing to sales, etc. The Company engages in a wide range of business cooperation with Toshiba Corporation and Toshiba Group companies, including research and development, mutual supply of products and parts, sales activities, etc., and will continue this collaboration in the future, while maintaining and ensuring its independence as a listed company.

      In the Company's business transactions with Toshiba Corporation and Toshiba Group companies, prices are determined according to normal terms of trade, through negotiation with reference to factors such as market prices. The Company has also entered into various contracts for the consignment of research, development and business services to facilitate the efficient utilization of resources within the Toshiba Group. Matters concerning transactions with Toshiba Corporation are set forth under "3. Transactions with the controlling shareholder, etc." on page 3.

      Human relationships with Toshiba Corporation include the mutual exchange of personnel as appropriate, such as concurrent service by corporate officers, for the purpose of sharing management expertise and technology and developing human resources, etc. The status of concurrent service by corporate officers and the acceptance of employees seconded within the Toshiba Group is as follows.

      (Status of concurrent service by corporate officers)

      Position	Name	Positions at the parent company, etc. or its group companies	Reason for appointment
      Director (part-time)	Takamasa Mihara	Parent company Toshiba Corporation Corporate Officer, Corporate Senior Vice President, General Executive, Legal & Compliance Div. and Human Resources and Administration Div.	To utilize his extensive experience, insight, etc. acquired at the parent company in decision-making, supervising the execution of duties, etc. at the Company

      (Status of acceptance of seconded employees)

      Segment name	Number of seconded employees	Name of the parent company, etc., or its group companies from which employees were seconded	Reason for acceptance of seconded employees
      Retail Solutions	3	Parent company Toshiba Corporation	To utilize experience, insight, etc. acquired at the parent company
      Printing Solutions	1	Parent company Toshiba Corporation	To utilize experience, insight, etc. acquired at the parent company
      Corporate	24	Parent company Toshiba Corporation	To utilize experience, insight, etc. acquired at the parent company
      	1	Subsidiary of the parent company Toshiba Accounting Service Corporation	To utilize experience, insight, etc. acquired at the subsidiary of the parent company

      Note: The Company has 3,082 employees.

   2. Business restrictions, risks and merits arising from the position of the listed company within the corporate group of the parent company, etc., and the impact on management, business activities, etc. from business relationships, human or capital relationships, etc. with the parent company, etc. and its group companies The Company enjoys merits from its position within the Toshiba Group, including the ability to effectively utilize the Group's resources, such as its technological capabilities and product brand strength. However, if a situation were to arise within the Toshiba Group that damaged the Group's social credibility, there is a risk that the Company's management and business activities may also be affected.

   3. Views on ensuring a degree of independence from the parent company, etc., and measures to ensure this independence

      The Company has a broad range of cooperative business relationships with Toshiba Corporation and companies in the Toshiba Group. However, it ensures independence by engaging in business activities under an autonomous business management structure, and operating, in general, based on the unique management resources of the Company and its corporate group.

   4. Status of efforts to ensure a degree of independence from the parent company, etc.

      The Company engages in the Retail & Printing Solutions business under its own unique business management structure, in general.

3. Transactions with the controlling shareholder, etc. (from April 1, 2024 to March 31, 2025)

   Type	Name of company	Location	Share capital or equity (Million yen)	Business description or occupation	Ownership ratio of voting rights (%)
   Parent company	Toshiba Corporation	Minato-ku, Tokyo	201,449	Energy business, social infrastructure business, electronic devices business, etc.	(Ownership of the Company) Direct: 50.4 Indirect: 0.1

   Notes: There are no transactions that qualify as significant.

4. Status of the implementation of measures to protect minority shareholders when engaging in transactions, etc. with the parent company

In the Company's business transactions with Toshiba Corporation and Toshiba Group companies, prices are determined according to normal terms of trade, through negotiation with reference to factors such as market prices. The Company has also entered into various contracts for the consignment of research, development and business services with Toshiba Corporation and Toshiba Group companies to facilitate the efficient utilization of resources within the Toshiba Group.

The Company has established the Special Committee consisting of four (4) outside directors to deliberate and review important transactions and actions that conflict with the interests of Toshiba Corporation and minority shareholders.