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.
Consolidated Financial Results
for the Three Months Ended June 30, 2025 [Japanese GAAP]
August 6, 2025
Company name: Toshiba Tec Corporation Stock exchange listing: Tokyo
Code number: 6588
URL: https://www.toshibatec.co.jp/
Representative: Hironobu Nishikori President and CEO
Contact: Akira Abe General Manager of Corporate Communications Division Phone 03-6830-9151
Scheduled date of commencing dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Yes Schedule of quarterly financial results briefing session: Yes
(Amounts of less than one million yen are rounded down)
Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)
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 June 30, 2025
June 30, 2024
Million yen
121,367
140,169
%
(13.4)
14.5
Million yen
(2,118)
4,276
%
-232.2
Million yen
(3,479)
4,620
%
-
-
Million yen
(4,987)
3,442
%
-
-
(Note) Comprehensive income:
Three months ended June 30, 2025:
¥
(5,058) million
[
- %]
Three months ended June 30, 2024:
¥
4,189 million
[
59.1 %]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
(94.18)
-
June 30, 2024
65.03
65.03
(Note) Diluted earnings per share for the three months ended June 30, 2025 is not presented even though the Company has issued potential shares, because basic earnings per share was net loss.
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
Million yen
Million yen
%
June 30, 2025
338,307
109,231
30.3
March 31, 2025
346,371
115,685
31.2
(Reference) Equity: As of June 30, 2025:
¥
102,657 million
As of March 31, 2025:
¥
108,076 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended March 31, 2025
Fiscal year ending March 31, 2026
Yen
-
-
Yen
20.00
Yen
-
Yen
25.00
Yen
45.00
Fiscal year ending March 31, 2026 (Forecast)
-
-
-
-
(Note) 1. Revision to the forecast for dividends announced most recently: No
The dividends for the fiscal year ending September 30, 2025, and the fiscal year ending March 31, 2026, will be announced as soon as announce is possible.
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)
(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Basic earnings per share
Full year
Million yen
550,000
%
(4.7)
Million yen
12,000
%
(40.7)
Million yen
8,000
%
(56.4)
Million yen
0
%
-
Yen
0.00
(Note) 1. Revision to the financial forecast announced most recently: Yes
For details on the revision of the financial forecast, please refer to the "Notice Regarding Full-Year Consolidated Financial Forecast" announced today (August 6, 2025).
*Notes:
Changes in significant subsidiaries during the three months ended June 30, 2025 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
New - (Company name: )
Exclusion: - (Company name: )
Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes
(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Notes (3) Notes to the quarterly consolidated financial statements (Accounting policies adopted specially for the preparation of quarterly consolidated financial statements)" on page 8 of this report.
Changes in accounting policies, changes in accounting estimates and retrospective restatement
Changes in accounting policies due to the revision of accounting standards: No
Changes in accounting policies other than 1) above: No
Changes in accounting estimates: No
Retrospective restatement: No
Total number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 57,629,140 shares
March 31, 2025: 57,629,140 shares
Total number of treasury shares at the end of the period: June 30, 2025 4,673,909 shares
March 31, 2025 4,677,354 shares
Average number of shares during the period:
Three months ended June 30, 2025: 52,952,485 shares
Three months ended June 30, 2024: 52,930,318 shares
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary)
Proper use of earnings forecasts, and other special matters (Explanation for the proper use of earnings forecasts)
Financial forecasts are based on information currently available to the Company and certain assumptions deemed reasonable and are not
intended to be the Company's guarantee that they will be achieved. Actual results may significantly vary due to a variety of factors. For the assumptions used as the basis for the earnings forecasts and precautions regarding the use of the earnings forecasts, please refer to "1. Summary of consolidated business results, etc. (3) Consolidated financial forecast and other forward-looking information" on page 3 of this report.
Table of Contents of Attachments
Summary of consolidated business results, etc.
Summary of consolidated business results etc. for the three months ended June 30, 2025 under review 2
Summary of consolidated financial condition etc. for the three months ended June 30, 2025 under review 3
Consolidated financial forecast and other forward-looking information 3
Quarterly Consolidated Financial Statements and Notes 4
Quarterly Consolidated Balance Sheet 4
Quarterly Consolidated Statement of Income and Comprehensive Income 6
Quarterly Consolidated Statement of Income (For the three months) 6
Quarterly Consolidated Statement of Comprehensive Income (For the three months) 7
Notes to the quarterly consolidated financial statements 8
Accounting policies adopted specially for the preparation of quarterly consolidated financial statements 8
Notes to segment information 9
Notes in the event of significant amount changes in shareholders' equity 9
Notes on going concern assumption 9
Notes to statements of cash flows 10
1. Summary of consolidated business results, etc.
Summary of consolidated business results etc. for the three months ended June 30, 2025 under review The world economy for the three months ended June 30, 2025, remained in a difficult situation, as the outlook for the economy continued to be uncertain due to the heightened uncertainty in market conditions
across various countries, particularly in the U.S., stemming from the U.S. tariff measures and other factors, as well as the impact of continued price rises and geopolitical risks.
Amid such conditions, Toshiba Tec Corporation (the "Company") and its subsidiaries (collectively, the "Group") have been pursuing the Basic Policy, "To become a global top solutions partner by generating new value through co-creation with the aim of contributing to the resolution of social issues." Under the basic policy, the Group has striven to strengthen the profitability of core businesses, expand the growth business areas, transform management, enhance human resources, and promote sustainability, etc. toward sustainable growth. In this way, the Group has strived to contribute to the resolution of social issues with the aim of becoming a global top solutions partner.
In the three months ended June 30, 2025, net sales were ¥121,367 million (down 13% year on year), due mainly to decreased sales of POS systems and multifunction peripherals (MFPs) particularly in overseas markets resulting from the deterioration of market conditions in the U.S. and other countries, and also due to the negative impact of foreign exchange rates. On the profit front, the profit and loss of POS systems for overseas markets and MFPs for overseas markets deteriorated due to a decrease in net sales, the impact of cost increases associated with U.S. tariff measures, delays in product price revisions and other factors, resulting in operating loss of ¥2,118 million (operating profit of ¥4,276 million in the same period of the previous fiscal year), ordinary loss of ¥3,479 million (ordinary profit of ¥4,620 million in the same period of the previous fiscal year), and loss attributable to owners of parent of ¥4,987 million (profit attributable to owners of parent of ¥3,442 million in the same period of the previous fiscal year).
Results of reportable segments for the three months ended June 30, 2025 were as follows.
Retail Solutions Business GroupThe Retail Solutions Business Group handles POS systems for domestic and overseas markets, MFPs for the domestic market, auto ID systems for the domestic market, and related products. Amid a severe business environment in which intensifying competition with peers continues, the business group has worked on expanding the high-value-added solutions business through the global retail platform "ELERA", generative AI utilization services and strategic partnerships, boosting recurring revenue business and the multi-vendor maintenance services covering not only our equipment but also IT equipment of other companies.
Sales of POS systems for the domestic market decreased due to the completion of special demand related to the redesigned banknotes and other factors despite efforts to revise product prices and maintenance service prices.
Sales of POS systems for overseas markets declined due to a decrease in sales of hardware mainly in the Americas, caused by a delay in the timing of investment by customers in line with deteriorating market conditions and other factors, as well as the impact of foreign exchange rates.
Sales of MFPs for the domestic market declined due to a decrease in printing volume and customers refraining from purchasing.
Sales of auto ID systems for the domestic market decreased due to a decline in sales as a result of the reaction to large-scale property orders received in the same period of the previous fiscal year and other factors.
As a result, net sales of the Retail Solutions Business Group were ¥70,716 million (down 14% year on year). Operating loss of the business group was ¥2,231 million (operating profit of ¥155 million in the same period of the previous fiscal year), reflecting a decline in net sales and cost increases associated with the U.S. tariff measures, which led to the reduced profitability of POS systems for overseas markets, mainly in the Americas, despite the improved profitability of POS systems for the domestic market.
Workplace Solutions Business GroupThe Workplace Solutions Business Group handles MFPs for overseas markets, auto ID systems for overseas markets, and related products. Amid a severe business environment in which the declining printing volume due to work style reforms and office DX promotion and intensifying competition with peers continue, the business group focused on strengthening the profitability of MFPs, its the core businesses and worked on developing the office solutions business and the auto ID solutions business, which are growth areas.
Sales of MFPs for overseas markets decreased due to a decline in sales in all regions, mainly in the Americas and Europe, stemming from the U.S. tariff measures and other factors, as well as the impact of foreign exchange rates.
Sales of auto ID systems for overseas markets decreased as a result of a decline in sales mainly in the Americas caused by the reaction to large-scale property orders received in the same period of the previous fiscal year and the impact of foreign exchange rates.
As a result, net sales of the Workplace Solutions Business Group were ¥52,053 million (down 14% year on year). Operating profit for the business group was ¥112 million (down 97% year on year) due to a decline in net sales and the deterioration of profit and loss across all regions caused by cost increases associated with U.S. tariff measures and delays in product price revisions. Another factor behind the significant decline in operating income compared to the same period of the previous fiscal year was a temporary increase in the operating rate at plants due to the impact of a temporary increase in the production volume of MFPs in the same period of the previous fiscal year. This is due to the transfer of the Group's business of the development and manufacturing of MFPs and auto ID systems to ETRIA CO., LTD. in July 2024.
(Note) An auto ID system is a system that uses hardware and software devices to recognize and manage data content by automatically scanning barcode and RFID tag data.
Summary of consolidated financial condition etc. for the three months ended June 30, 2025 under review Assets at the end of the first quarter of the fiscal year ending March 31, 2026 decreased by ¥8,064 million from the end of the previous fiscal year to ¥338,307 million. This was mainly because cash and deposits and notes and accounts receivable - trade, and contract assets in current assets decreased by ¥11,650 million and
¥9,883 million, respectively, and investment securities in investments and other assets decreased by ¥1,492
million, although merchandise and finished goods and "Other" in current assets increased by ¥12,524 million and ¥2,578 million, respectively.
Liabilities decreased by ¥1,611 million from the end of the previous fiscal year to ¥229,075 million. This was mainly because income taxes payable and "Other" in current liabilities decreased by ¥2,023 million and
¥3,858 million, respectively, although notes and accounts payable - trade in current liabilities increased by
¥4,530 million.
Net assets decreased by ¥6,453 million from the end of the previous fiscal year to ¥109,231 million. This was primarily due to a decrease in retained earnings owing to the payment of dividends of ¥1,323 million, the recording of loss attributable to owners of parent of ¥4,987 million, and a decrease in non-controlling interests of ¥1,022 million, although foreign currency translation adjustment increased by ¥969 million.
Consolidated financial forecast and other forward-looking information
The consolidated financial forecast for the fiscal year ending March 31, 2026 was not disclosed at the time of the announcement of financial results on May 12, 2025, as it was not feasible to reasonably calculate it by carefully assessing the impact of new tariff measures in the U.S. and other factors. However, we disclosed the financial forecast calculated based on our assessment derived from the currently available information.
For details, please refer to the "Notice Regarding Full-Year Consolidated Financial Forecast" announced separately today (August 6 ,2025).