Statement of Accounts (2025.9)

Consolidated Financial Results

for the Six Months Ended September 30, 2025 [Japanese GAAP]

November 10, 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 filing quarterly securities report: November 10, 2025 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)

1. Consolidated Financial Results for the Six Months Ended September 30, 2025 (April 1, 2025 to September 30, 2025)

   1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended September 30, 2025 September 30, 2024	Million yen 257,655 289,172	% (10.9) 9.7	Million yen (1,075) 9,473	% -60.3	Million yen (3,429) 8,512	% -132.4	Million yen (9,885) 26,608	% - -

      (Note) Comprehensive income:	Six months ended September 30, 2025:	¥	(9,205) million [	-	%]
      	Six months ended September 30, 2024:	¥	17,715 million [	169.2	%]

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	(186.63)	-
      September 30, 2024	502.62	502.57

      (Note) Diluted earnings per share for the six months ended September 30, 2025 is not presented even though the Company has issued potential shares, because basic earnings per share was net loss.

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of	Million yen	Million yen	%
   September 30, 2025	338,360	105,176	29.1
   March 31, 2025	346,371	115,685	31.2

   (Reference) Equity: As of September 30, 2025:	¥	98,384 million
   As of March 31, 2025:	¥	108,076 million

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	20.00	-	25.00	45.00
   Fiscal year ending March 31, 2026	-	0.00
   Fiscal year ending March 31, 2026(Forecast)			-	20.00	20.00

   (Note) 1. Revision to the forecast for dividends announced most recently: Yes

   2. For details on the revision of the dividend forecast, please refer to the "Notice Regarding Revision to Year-end Dividend Forecast" announced today (November 10, 2025).

3. 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.)

(Note) Revision to the financial forecast announced most recently: No

* Notes:

1. Changes in significant subsidiaries during the six months ended September 30, 2025

   (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 (Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Notes (4) Notes to the quarterly

   consolidated financial statements (Accounting policies adopted specially for the preparation of quarterly consolidated

   financial statements)" on page 10 of this report.

3. Changes in accounting policies, changes in accounting estimates and retrospective restatement

   1. Changes in accounting policies due to the revision of accounting standards: No

   2. Changes in accounting policies other than 1) above: No

   3. Changes in accounting estimates: No

   4. Retrospective restatement: No

4. Total number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): September 30, 2025: 57,629,140 shares

      March 31, 2025: 57,629,140 shares

   2. Total number of treasury shares at the end of the period:

      September 30, 2025: 4,640,771 shares

      March 31, 2025: 4,677,354 shares

   3. Average number of shares during the period:

Six months ended September 30, 2025: 52,966,732 shares

Six months ended September 30, 2024: 52,938,526 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.

• 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 4 of this report.

1. Summary of consolidated business results, etc 2

   1. Summary of consolidated business results etc. for the six months ended September 30, 2025 under review 2

   2. Summary of consolidated financial condition etc. for the six months ended September 30, 2025 under review 3

   3. Consolidated financial forecast and other forward-looking information 4

2. Quarterly Consolidated Financial Statements and Notes 5

   1. Quarterly Consolidated Balance Sheet 5

   2. Quarterly Consolidated Statement of Income and Comprehensive Income 7

      Quarterly Consolidated Statement of Income (For the six months) 7

      Quarterly Consolidated Statement of Comprehensive Income (For the six months) 8

   3. Quarterly Consolidated Statement of Cash Flows 9

   4. Notes to the quarterly consolidated financial statements 10

   Notes on going concern assumption 10

   Notes in the event of significant amount changes in shareholders' equity 10

   Accounting policies adopted specially for the preparation of quarterly consolidated financial statements 10

   Segment information 11

   Significant subsequent events 12

3. Supplementary information 13

1. Changes in information about financial results 13

2. Changes in reportable segment information 14

3. Changes in net sales by destination market (Notes on revenue recognition) 15

4. Changes in proportion of overseas production by value 15

5. Changes in resource inputs 15

   1. ‌Summary of consolidated business results, etc.

1. ‌Summary of consolidated business results etc. for the six months ended September 30, 2025 under review The world economy for the six months ended September 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 six months ended September 30, 2025, net sales were ¥257,655 million (down 11% year on year), due mainly to decreased sales of POS systems and multifunction peripherals (MFPs) particularly in overseas markets resulting from the U.S. tariff measures and the resulting deterioration of market conditions in the U.S. and other countries and the delay in the timing of investment by customers, and also due to the negative impact of foreign exchange rates. On the profit front, although we worked on measures such as revising product prices and optimizing production sites, we were not able to fully compensate for the decrease in net sales and the impact of cost increases associated with U.S. tariff measures due to the impact of delays in product price revisions and other factors. Consequently the profit and loss of POS systems for overseas markets and MFPs for overseas markets deteriorated, resulting in operating loss of ¥1,075 million (operating profit of ¥9,473 million in the same period of the previous fiscal year) and ordinary loss of ¥3,429 million (ordinary profit of

   ¥8,512 million in the same period of the previous fiscal year). We recorded provision of allowance for economic compensation under extraordinary loss due to ETRIA CO., LTD.'s decision to reduce the business scale of Toshiba Tec Information Systems (Shenzhen) which is a former subsidiary, and currently a subsidiary of ETRIA CO., LTD., resulting in loss attributable to owners of the parent of ¥9,885 million (profit attributable to owners of parent of ¥26,608 million in the same period of the previous fiscal year).

   As for the interim dividend, as a result of comprehensive consideration of the above-mentioned financial results, business environment, and other factors, the Company will not pay an interim dividend. In addition, regarding the year-end dividend forecast for the fiscal year ending March 31, 2026, the Company has decided to pay a dividend of ¥20 per share, as announced today (November 10, 2025) in "Notice Regarding Revision to Year-end Dividend Forecast." We would like to seek shareholders' understanding.

   Results of reportable segments for the six months ended September 30, 2025 were as follows.

   Retail Solutions Business Group

   The 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 expand sales mainly of self-checkout systems, smart receipts, and payment terminals, as well as revisions of 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 the U.S. tariff measures and the resulting deterioration of market conditions in the U.S. and other countries and the delay in the timing of investment by customers, 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 of high-end model. As a result, net sales of the Retail Solutions Business Group were ¥151,252 million (down 12% year on year). Operating loss of the business group was ¥2,339 million (operating profit of ¥1,808 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 improved due to an improved model mix, etc.

   Workplace Solutions Business Group

   The 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 core business 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 as a result of the U.S. tariff measures, the reaction following the temporary increase in sales resulting from the recovery of product supply in the same period of the previous fiscal year 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 ¥109,342 million (down 10% year on year). Operating profit for the business group was ¥1,263 million (down 84% year on year) due to the deterioration of profit and loss across all regions and the negative impact of foreign exchange rates, as the Group's measures such as product price revisions and optimization of production sites were not able to fully compensate for the decrease in net sales and cost increases associated with the U.S. tariff measures, reflecting the delayed effect of product price revisions and other factors. 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.

2. ‌Summary of consolidated financial condition etc. for the six months ended September 30, 2025 under review

   1. Analysis of financial condition

Assets at the six months ended September 30, 2025 decreased by ¥8,011 million from the end of the previous fiscal year to ¥338,360 million. This was mainly because cash and deposits and notes and accounts receivable

- trade, and contract assets in current assets decreased by ¥20,309 million and ¥5,605 million, respectively, and investment securities in investments and other assets decreased by ¥2,120 million, although merchandise and finished goods and "Other" in current assets increased by ¥15,289 million and ¥3,469 million, respectively, and "Other" in investments and other assets increased by ¥1,791 million.

Liabilities increased by ¥2,498 million from the end of the previous fiscal year to ¥233,184 million. This was mainly because notes and accounts payable - trade and allowance for economic compensation in current liabilities increased by ¥5,352 million and ¥ 4,071 million, respectively, although income taxes payable and "Other" in current liabilities decreased by ¥2,302 million and ¥2,911 million, respectively, and long-term borrowings in non-current liabilities decreased by ¥1,362 million.

Net assets decreased by ¥10,508 million from the end of the previous fiscal year to ¥105,176 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 ¥9,885 million, and a decrease in non-controlling interests