Toshiba : FY2022 Business Results(416KB)

FY2022

Consolidated Business Results

Masayoshi Hirata

Representative Executive Officer

Corporate Executive Vice President

and Chief Financial Officer

Toshiba Corporation

May 12, 2023

© 2023 Toshiba Corporation

Forward-looking Statements

• This presentation contains forward-looking statements concerning future plans, strategies, and the performance of Toshiba Corporation
  (hereinafter "Toshiba" or "the Company") and its consolidated subsidiaries (hereinafter "Toshiba Group" or "the Group").
• These forward-looking statements are not historical facts; rather, they are based on management's assumptions and beliefs in light of the economic, financial, and other data currently available.
• Since Toshiba Group promotes business in various market environments in many countries and regions, its activities are subject to a number of risks and uncertainties that, without limitation, relate to economic conditions, worldwide mega-competition in the electronics business, customer demand, foreign currency exchange rates, tax rules, regulations, and other factors. Toshiba therefore wishes to caution readers that actual results might differ from the expectations. Please refer to the annual securities report (Yuukashoken houkokusho) and the quarterly securities report (Shihanki houkokusho) for detailed information on Toshiba Group's business risk. Both the annual securities report and the quarterly securities report are issued in Japanese only.
• Toshiba Group's fiscal year (FY) runs from April 1 to March 31. H1 refers to the first six months (April-September); H2 refers to the latter six months (October-March); Q1 refers to the first quarter (April-June); Q2 refers to the second quarter (July-September); Q3 refers to the third quarter (October-December); and Q4 refers to the fourth quarter (January-March).
• All figures are consolidated totals for the FY2022, unless otherwise stated.
• Results in segments have been reclassified to reflect the current organizational structure as of March 31, 2023, unless otherwise stated.
• Since Toshiba is not involved in the management of Kioxia Holdings Corporation (hereinafter "Kioxia") and is not provided with any forecasted business results, Toshiba Group's forward-looking statements concerning financial conditions, results of operation and cash flow do not include the impact of Kioxia.

© 2023 Toshiba Corporation

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Key Points

FY2022 operating income decreased YoY, mainly on one-time factors

FY2023 forecast projects operating income of 110.0 billion yen

• FY2022 operating income decreased YoY, mainly due to provision for HDD product warranty (approximately -13.0 billion yen), goodwill impairment in the Printing business (-20.6 billion yen),*1 a drastic change in the HDD market and provision for Power Generation Systems product warranty (-14.2 billion yen), etc.

➢	Net sales	FY2021	3,337.0 billion yen
➢	Operating income	FY2021	158.9 billion yen
➢	Net income	FY2021	194.7 billion yen

→	FY2022	3,361.7 billion yen (YoY	+24.7 billion yen)
→	FY2022	110.5 billion yen (YoY	-48.4 billion yen)
→	FY2022	126.6 billion yen (YoY	-68.1 billion yen)

• Despite improvement from the removal of the above factors, the FY2023 forecast is for operating income of 110.0 billion yen, due to increased fixed costs for growth and restructuring costs to secure future growth.

*1 Treatment in the Group's consolidated level, as required by US-GAAP. In Toshiba Tec Corporation's consolidated accounting, most of the goodwill was equally amortized at the end of FY2021, in accordance

with J-GAAP.	© 2023 Toshiba Corporation	3

Agenda

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Overall Business Results

Business Results by Segment

FY2023 Forecast

Supplementary Information

© 2023 Toshiba Corporation

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Overall Business Results

© 2023 Toshiba Corporation

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