Toshiba Tec : Statement of Accounts (2021.6)

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Three Months Ended June 30, 2021

[Japanese GAAP]

Company name: TOSHIBA TEC CORPORATION	August 12, 2021
Stock exchange listing: Tokyo
Code number: 6588
URL: https://www.toshibatec.co.jp/
Representative:	Hironobu Nishikori	President and CEO
Contact:	Akira Abe	Senior Manager of Corporate Communications Division

Phone: [phone]

Scheduled date of filing quarterly securities report: August 12, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session: No

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

1. Consolidated Financial Results for the Three Months Ended June 30, 2021 (April 01, 2021 to June 30, 2021)

(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit		Ordinary profit		Profit attributable to owners
				of parent
Three months ended	Million yen		%	Million yen		%	Million yen		%	Million yen		%
June 30, 2021	107,097		26.9	3,299		-	2,739		-	2,691		-
June 30, 2020	84,402		(27.6)	(3,965)		-	(4,244)		-	(4,380)		-

(Note) Comprehensive income:	Three months ended June 30, 2021:
	Three months ended June 30, 2020:

¥	2,169 million	[	-%]
¥	(5,939) million	[	-%]

	Basic earnings	Diluted earnings per
	per share	share
Three months ended	Yen	Yen
June 30, 2021	48.92	48.91
June 30, 2020	(79.66)	-

(Note) Diluted earnings per share for the three months ended June 30, 2020 is not presented even though The Company has issued potential shares, because the per share date is a net loss per share.

(2) Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio
As of	Million yen		Million yen	%
June 30, 2021	296,232		111,029	35.3
March 31, 2021	289,313		109,862	35.5
(Reference) Equity: As of	June 30, 2021:	¥	104,440 million
As of	March 31, 2021:	¥	102,710 million

2. Dividends

				Annual dividends
	1st	2nd	3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen		Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2021	-		0.00	-		20.00	20.00
Fiscal year ending March 31, 2022	-
Fiscal year ending March 31, 2022			20.00	-		-	-
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	No
(Note) The forecast for dividends of year end is undecided.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

			Net sales		Operating profit	Ordinary profit	Profit attributable	Basic earnings per
				to owners of parent	share
			Million yen		%	Million yen	%	Million yen		%	Million yen	%	Yen
Full year			420,000		3.5	21,000	154.1	18,000		150.2	10,000	40.3	181.79
(Note) Revision to the financial results forecast announced most recently:	No
* Notes:
(1) Changes in significant subsidiaries during the three months ended June 30, 2021
(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

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2021:	57,629,140	shares
March 31, 2021:	57,629,140	shares
2) Total number of treasury shares at the end of the period:
June 30, 2021:	2,614,008	shares
March 31, 2021:	2,616,163	shares

3) Average number of shares during the period:
Three months ended June 30, 2021:	55,012,633	shares
Three months ended June 30, 2020:	54,986,732	shares

Quarterly Consolidated Financial Statement

Quarterly Consolidated Balance Sheet

				(Million yen)
			As of March 31,2021	As of June 30,2021
Assets
	Current assets
		Cash and deposits	42,179	40,414
		Group deposits paid	10,064	23,653
		Notes and accounts receivable - trade	63,928	-
		Notes and accounts receivable - trade and contract	-	59,117
		assets
		Merchandise and finished goods	31,582	32,275
		Work in process	4,376	4,352
		Raw materials and supplies	6,944	8,586
		Other	24,115	24,078
		Allowance for doubtful accounts	(1,394)	(1,414)
		Total current assets	181,797	191,063
	Non-current assets
		Property, plant and equipment	45,168	43,652
		Intangible assets
		Goodwill	1,633	1,455
		Other	9,876	9,412
		Total intangible assets	11,510	10,868
		Investments and other assets
		Other	50,929	50,735
		Allowance for doubtful accounts	(91)	(88)
		Total investments and other assets	50,837	50,647
		Total non-current assets	107,516	105,168
	Total assets	289,313	296,232

				(Million yen)
			As of March 31,2021	As of June 30,2021
Liabilities
	Current liabilities
		Notes and accounts payable - trade	48,509	53,439
		Short-term borrowings	542	595
		Income taxes payable	1,375	1,959
		Other	74,918	76,278
		Total current liabilities	125,346	132,272
	Non-current liabilities
		Long-term borrowings	1,019	1,027
		Retirement benefit liability	26,624	26,198
		Other	26,460	25,703
		Total non-current liabilities	54,104	52,929
	Total liabilities	179,450	185,202
Net assets
	Shareholders' equity
		Share capital	39,970	39,970
		Capital surplus	57	60
		Retained earnings	52,616	54,387
		Treasury shares	(5,372)	(5,369)
		Total shareholders' equity	87,273	89,050
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	1,681	1,537
		securities
		Deferred gains or losses on hedges	(16)	0
		Foreign currency translation adjustment	10,805	10,978
		Minimum pension liability adjustments	(832)	(842)
		Remeasurements of defined benefit plans	3,799	3,716
		Total accumulated other comprehensive income	15,436	15,390
	Share acquisition rights	57	48
	Non-controlling interests	7,094	6,540
	Total net assets	109,862	111,029
Total liabilities and net assets	289,313	296,232

Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income (For the three months)
		(Million yen)
	For the three months	For the three months
	ended June 30,2020	ended June 30,2021
Net sales	84,402	107,097
Cost of sales	51,452	64,594
Gross profit	32,949	42,503
Selling, general and administrative expenses	36,915	39,204
Operating profit (loss)	(3,965)	3,299
Non-operating income
Interest income	77	81
Dividend income	21	21
Gain on valuation of derivatives	-	289
Foreign exchange gains	297	-
Other	117	90
Total non-operating income	513	482
Non-operating expenses
Interest expenses	128	123
Loss on valuation of derivatives	181	-
Foreign exchange losses	-	521
Other	481	397
Total non-operating expenses	792	1,042
Ordinary profit (loss)	(4,244)	2,739
Extraordinary losses
Restructuring cost	285	58
Total extraordinary losses	285	58
Profit (loss) before income taxes	(4,529)	2,680
Income taxes	680	495
Profit (loss)	(5,210)	2,184
Loss attributable to non-controlling interests	(830)	(507)
Profit (loss) attributable to owners of parent	(4,380)	2,691