Financial Data and Key Indicator Changes - For Q3 2021, net sales increased to ¥2.3551 trillion, a year-on-year increase of ¥255.6 billion or 12% [16] - Operating income rose to ¥87.6 billion, an increase of ¥63.6 billion year-on-year [16] - Net income, excluding tax expenses, reached ¥114.9 billion, up ¥71.3 billion from the previous year [16] Business Line Data and Key Indicator Changes - **Energy Systems & Solutions**: Net sales were ¥361.5 billion, up ¥58 billion year-on-year, with operating income increasing by ¥14.3 billion to ¥8.1 billion [20] - **Infrastructure Systems & Solutions**: Net sales were ¥416.6 billion, with operating income at ¥6.9 billion, impacted by COVID-19 and semiconductor shortages [21] - **Building Solutions**: Net sales increased to ¥434.5 billion, with operating income at ¥17.9 billion, driven by recovery in air conditioning and elevators [22] - **Electronic Devices & Storage Solutions**: Net sales reached ¥659.8 billion, up ¥143 billion year-on-year, with operating income increasing by ¥48.5 billion to ¥55.8 billion [23] - **Retail & Printing Digital Solutions**: Net sales were ¥334.6 billion, with operating income recovering to ¥8.3 billion [24] - **Digital Solutions**: Net sales increased to ¥156.1 billion, with operating income at ¥13.2 billion, up by ¥4.1 billion [25] Market Data and Key Indicator Changes - Orders received increased by 11% year-on-year during the first nine months of the fiscal year [26] - Order backlog increased by 3% compared to the same period last year [26] Company Strategy and Development Direction - The company is pursuing a strategic reorganization plan, including a two-way spin-off to eliminate conglomerate discount and enhance shareholder value [7][12] - The management aims to achieve efficient capital allocation and focused management through the spin-off [7] - The company is engaging in continuous dialogue with potential partners to align interests for collaboration [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing impact of soaring material and logistics costs, as well as semiconductor shortages, which are expected to continue affecting performance [15][17] - The company revised its full-year performance forecast downward due to these challenges, projecting net sales of ¥3.34 trillion and operating income of ¥155 billion [28][31] Other Important Information - The company plans to hold an Extraordinary General Meeting of Shareholders on March 24 to confirm shareholder opinions on the strategic reorganization [5][6] - A capital surplus of ¥300 billion is expected over the next two years, which will be used for shareholder returns [10] Q&A Session Summary Question: Concerns about shareholder approval for the strategic reorganization - Management clarified that the current proposal seeks a simple majority for approval, not a two-thirds majority, to respect the wishes of the majority of shareholders [36][37] Question: Expectations for shareholder support and share price reactions - Management expressed confidence in receiving support from shareholders and acknowledged the complexity of share price fluctuations [42][43] Question: Feedback from shareholders and employees regarding the reorganization - Management indicated that various opinions have been received from shareholders and employees, and they are committed to listening and making improvements [52][54] Question: Governance structure and delays in director selection - Management explained that the delay in selecting directors is due to the ongoing spin-off process and the need to identify suitable candidates with the right expertise [75][78] Question: Impact of the two-way split on business operations - Management confirmed that the core business focus remains unchanged, and the two-way split is intended to enhance operational efficiency [77][79]

Financial Data and Key Metrics Changes - For the first half of FY 2021, sales revenue was ¥1,546.4 billion, an increase of ¥175 billion year-over-year, while operating income was ¥45 billion, up ¥41.9 billion compared to the same period last year [60][61] - Free cash flow improved to positive ¥131.4 billion, an increase of ¥124.3 billion year-over-year [61] - The company expects net sales of ¥3.5 trillion for FY 2023, with an operating margin of 5.7% and ROIC of 10% [55] Business Line Data and Key Metrics Changes - The Semiconductor business performed well, contributing to positive growth in revenue and income [59] - The Energy Systems segment saw net sales of ¥236 billion, with an operating income of ¥4.5 billion, reflecting a ¥45.9 billion increase from the previous year [72] - The Device & Storage segment reported net sales of ¥432.9 billion, up ¥108.9 billion year-over-year, with operating income increasing by ¥30.1 billion [75] Market Data and Key Metrics Changes - Orders received increased by 19% year-over-year, driven by large-scale projects [62][77] - The Infrastructure Systems segment experienced a slight decrease in revenue, while other segments saw increases [65] Company Strategy and Development Direction - The company plans to separate into three independent entities: Infrastructure Service Company, Device Company, and Toshiba, to enhance focus and agility in decision-making [15][21] - The Infrastructure Service Company aims for net sales of ¥2.1 trillion, focusing on renewable energy and infrastructure resilience [17] - The Device Company targets net sales of ¥870 billion, focusing on semiconductors and storage solutions [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges such as rising material and logistics costs and semiconductor shortages but emphasized the strong performance of the semiconductor business [63] - The strategic reorganization is seen as the best path forward for sustainable profitable growth and value creation for stakeholders [21][35] Other Important Information - The company has committed to a targeted dividend payout ratio of 30%, increasing dividends from ¥30 per share in FY 2018 to an expected ¥80 per share in FY 2021 [28] - A special dividend of ¥110 per share was distributed during FY 2021, and a stock buyback of ¥100 billion was completed [64][28] Q&A Session Summary Question: What discussions led to the separation into three entities? - The Board and SRC had ongoing discussions for five months, evaluating various strategic options before concluding that a tax-free spin-off was the best path forward [90][91] Question: What are the sources of growth post-spin-off? - The focus will be on creating agile management structures that can respond quickly to market conditions, with specific investments in power semiconductors and other growth areas [94][96] Question: How will stakeholders be informed about the reorganization? - The company plans to communicate the benefits and processes of the reorganization to all stakeholders, ensuring understanding and acceptance [104][105] Question: What is the plan for Kioxia shares? - The company intends to return the net proceeds from the sale of Kioxia shares to shareholders while maintaining the IPO strategy for Kioxia [107]

TOSHIBA FY2021 Second Quarter Consolidated Business Results -Supplementary Data- © 2021 Toshiba Corporation Toshiba Corporation November 12, 2021 Management Index by Segment * The amounts represent those disclosed in Toshiba TEC's consolidated balance sheets. | --- | --- | --- | --- | |----------------------------------------|---------|---------|---------| | Inventories | 2021/3E | 2021/6E | 2021/9E | | Energy Systems & Solutions | 91.0 | 97.2 | 98.0 | | Infrastructure Systems & Solutions | 120.7 | 137.7 | ...

Toshiba Corporation (OTCPK:TOSBF) Q4 2021 Earnings Conference Call May 14, 2021 ET Company Participants Midori Hara - Corporate Communications Satoshi Tsunakawa - President & Chief Executive Officer Masaharu Kamo - Executive Officer, Corporate Senior Vice President Conference Call Participants Kota Ezawa - Citigroup Securities Kazutaka Yoshizumi - SMBC Nikko Securities Kenji Yasui - UBS Midori Hara It is time. We'd like to begin a Presentation on Management Policy for the next Mid-Term Plan and Fiscal 2020 ...

TOSHIBA FY2020 Consolidated Business Results -Supplementary Data- Toshiba Corporation May 14, 2021 © 2021 Toshiba Corporation Management Index by Segment * The amounts represent those disclosed in Toshiba TEC's consolidated balance sheets. (Yen in billions) | --- | --- | --- | --- | --- | --- | |----------------------------------------|---------|---------|---------|----------|---------| | Inventories | 2020/3E | 2020/6E | 2020/9E | 2020/12E | 2021/3E | | Energy Systems & Solutions | 98.0 | 112.2 | 111.1 | 1 ...