FY2006 Consolidated Business ResultsThe figures in this presentation are not audited. Toshiba’s fiscal year runs from April 1 to March 31. Without notes, all of the figures are total

Copyright © 2007 Toshiba Corporation. All rights reserved. Business Results for FY 2006http://www.toshiba.co.jp/about/ir/index.htm 1

FY2006Consolidated Business Results

Fumio MuraokaCorporate Executive Vice President

April 26, 2007


This presentation contains forward-looking statements concerning Toshiba’s future plans, strategies and performance.

These forward-looking statements are not historical facts, rather they represent assumptions and beliefs based on economic, financial and competitive data currently available.

Furthermore, they are subject to a number of risks and uncertainties that, without limitation, relate to economic conditions, worldwide mega-competition in electronics business, customer demand, foreign currency exchange rates, tax rules, regulations and other factors. Toshiba therefore, wishes to caution that actual results may differ materially from our expectations.

The figures in this presentation are not audited.

Toshiba’s fiscal year runs from April 1 to March 31.

Without notes, all of the figures are total amount of 12-months.

Forward-looking Statements


Key Points of FY 2006 Consolidated Business ResultsHigher sales and improved operating income against the same previous fiscal year.

Net sales: 7,116.4 billion yen ( + 772.9 billion yen, 112%)Operating income: 258.4 billion yen ( + 17.8 billion yen)Income before income taxes and minority interest: 298.5 billion yen (+ 120.3 billion yen)Net income: 137.4 billion yen ( + 59.2 billion yen)

Net sales, income before income taxes and minority interests and net income were all at the highest level recorded in Toshiba Group’s history.

The Semiconductor business made strenuous efforts in the face of severe conditions,particularly in respect of price decreases in NAND Flash memories; the PC business recovered strongly against its performance the previous year and generated higher operating income.

Operating income FY 06 1Q-2Q FY 06 3Q-4Q FY 06 (Full Year)Semiconductor 64.9 billion yen 63.4 billion yen 128.3 billion yen (-5.7 billion yen)PC -7.4 billion yen 14.3 billion yen 6.9 billion yen (+3.5 billion yen)

Numerical target for dividend policy While taking consideration strategic investment for mid- to long-term growth, Toshiba target a consolidated dividend of around 30%, and aims to continuously increase the actual dividend paid.

Dividend for FY 2006 is 11 yen, the highest in the past


FY2006 Consolidated Business Results

(A) - (B) (A) - (C)

Net Sales 7,116.4 7,000.0 6,343.5 116.4 772.9

Operating Income (loss) 258.4 250.0 240.6 8.4 17.8

3.6% 3.6% 3.8% - -0.2%

298.5 290.0 178.2 8.5 120.3

4.2% 4.1% 2.8% 0.1% 1.4%

Net income (loss) 137.4 120.0 78.2 17.4 59.2

1.9% 1.7% 1.2% 0.2% 0.7%

Basic earnings per share ¥42.76 ¥37.34 ¥24.32 ¥5.42 ¥18.44

Income (loss) beforeincome taxes and minorityinterest

FY 2006 (A)Forecastas of Jan

(B)

FY 2005(C)

(¥ billions, except earnings per share)


FY2006 Segment Information (¥ billions)

Net sales FY2006 (A) Forecast as of Jan (B) FY2005 (C) (A) - (B) (A) - (C)

Digital Products 2,805.5 2,780.0

1,590.0

2,080.0

740.0380.0

7,000.0

2,536.5 25.5 269.0

Electronic Devices 1,657.3 1,388.1 67.3 269.2

Social Infrastructure 2,067.7 1,882.3 -12.3 185.4

Home Appliances 748.9 687.5 8.9 61.4Others 391.6 379.8 11.6 11.8

Total 7,116.4 6,343.5 116.4 772.9

Operating income (loss) FY2006 (A) Forecast as of Jan (B) FY2005 (C) (A) - (B) (A) - (C)

Digital Products 15.80.6%

15.00.5%

115.07.2%

95.04.6%

10.01.4%

15.03.9%

250.03.6%

20.90.8%

0.80.1%

-5.1-0.2%

Electronic Devices 119.77.2%

123.38.9%

4.7-

-3.6-1.7%

Social Infrastructure 96.84.7%

76.54.1%

1.80.1%

20.30.6%

Home Appliances 9.71.3%

2.70.4%

-0.3-0.1%

7.00.9%

Others 18.74.8%

18.04.7%

3.70.9%

0.70.1%

Total 258.43.6%

240.63.8%

8.4-

17.8-0.2%


+502.3(+11.5%)

+ 258.4+240.6

+ 405.1

-1,153.1(-13.9%)

0

+

- - 83.1

[+17.8]

+341.6

+ 5.0

Operating Income (Loss), FY 2005 and FY2006(¥ billions)

( ) = Year-on-year comparison

FY 05Operating

Income PriceErosion

R&DDepre-ciation

etc

Exchange Rate

ProcurementCD

FinerLitho-

graphy,Techno-

logyetc

Volume

FY 06Operating

Income


(+12%)

(+17.8)

(+59.2)

Net salesNet sales 04 05 06

OperatingOperatingIncome (loss)Income (loss)

04 05 06

Net incomeNet income(loss)(loss)

04 05 06

7,116.45,836.1 6,343.5

240.6

154.8

258.4

137.4

46.078.2

FY2006 Results - Overview(¥ billions)


Net sales

All segments recorded higher sales.

Operating income (loss)

Operating income was lower for Digital Products and Electronic Devices, and higher for Social Infrastructure and Home Appliances.

Net income (loss)

Net income improved strongly on higher operating income (loss) and non-operating income (loss).


(+11%)

(-5.1)

Net salesNet salesOperating Operating income (loss)income (loss)

04 05 06 04 05 06

2,536.5

2,224.2

2,805.5

20.9

7.3

15.8

Digital Products FY 2006

Strong performances and growth in the TV and PC businesses in overseas markets generated higher sales.

While the PC business improved significantly, decrease in operating income in the Mobile Phone and HDD businesses combined to lower operating income.

(¥ billions)( ) = Year-on-year comparison


(+14%)(+3.5)

Net salesNet salesOperatingOperatingincome (loss)income (loss)

04 05 06 04 05 06

852.7760.2

971.8 6.9

8.1

3.4

PC Business FY 2006

(¥ billions)( ) = Year-on-year comparison

Sales increased on unit sales growth, especially in overseas markets.

Although in the red in the first half, a strong second half improvement generated in increase in full year operating income.


(+19%)(-3.6)

Net salesNet salesOperatingOperatingIncome (loss)Income (loss)

04 05 06 04 05 06

1,388.11,307.2

1,657.3 123.3

92.5

119.7

Electronic Devices FY 2006(¥ billions)


Strong performances in the semiconductor business, especially in Memories, and in the LCD business, contributed to increased sales.

Although LCDs performed well, price declines in Memories resulted in lower operating income.


(+25%)(-5.7)


04 05 06 04 05 06

1,037.0938.9

1,298.1 128.3

82.7

134.0

Semiconductor Business FY 2006(¥ billions)


Although Memory price declines impacted on the business, overall profit and operating income were comparable with the previous year.

Strong performance in all businesses saw increased sales in System LSIs, Discretes and, especially, Memories.


14.8

36.9

20.0

44.9

34.7

27.623.8

3.4

39.1 39.6

45.4

14.8

2004 2005 2006

3Q 4Q1Q 2Q 3Q 4Q1Q 2Q 1Q 2Q 3Q 4Q

Semiconductor Business

Quarterly Trend in Operating Income(¥ billions)


(+3%)

(+2.5)


04 05 06 04 05 06

299.7298.8 309.1

4.0

13.5

6.5

LCD Business FY 2006(¥ billions)


Sales of LCDs for mobile devices grew, especially in overseas markets.

Improvements in cost and the shift to high value-added products generated higher profit.


( +10%) (+20.3)


04 05 06 04 05 06

1,882.31,765.3

2,067.7

76.5

48.6

96.8

Social Infrastructure FY 2006(¥ billions)


Strong performances in Social Infrastructure Systems and Medical Systems, and the acquisition of Westinghouse, contributed to increase sales.

Strong performances in Power Systems and Medical Systems produced increased operating income.


(+9%) (+7.0)

(+3%)(+0.7)


04 05 06 04 05 06


04 05 06 04 05 06

687.5661.0748.9

2.7

-3.3

9.7

379.8371.6 391.6

18.0

9.8

18.7

(¥ billions)( ) = Year-on-year comparisonHome Appliances FY 2006

Others FY 2006


GE Toshiba Silicones Co., Ltd Transfer Price 40.3 billion yen

Toshiba Ceramics Co., Ltd Transfer Price 14.7 billion yen

Non Operating Income and Expenses FY 2006(¥ billions)

FY2006 (A) FY2005 (B) (A)-(B)

Gain on sales of securities 62.6 4.8 57.8

Gain on sales of fixed assets 25.1 -7.8 32.9

Equity in earnings of affiliates 27.9 -4.5 32.4

Foreign Exchange Gain 14.6 -3.4 18.0

Net Financial Income (loss) -7.6 -11.1 3.5

Others -82.5 -40.4 -42.1

Non operating income andexpense (total) 40.1 -62.4 102.5


060504

305.5

243.1

501.4

303.4

561.5

712.8 (WH 475.0)

Cash Flows FY 2006(¥ billions)

Cash flows from operating activities

Cash flows from investing activities

Free cash flow

62.4

198.0

-151.3


07/3E06/3E05/3E 07/3E06/3E05/3E

4,571.4 4,727.1

2,505.5

650.0

1,120.9

295.0

2,536.8

664.9

1,254.5

270.9

3,449.6

801.5

1,371.6

309.3 現金同等物

売掛債権

棚卸資産

その他

5,932.0 (WH 904.5)

4,571.4 4,727.1 5,932.0 (WH 904.5)

1,111.4

815.5

2,644.5

917.5

1,002.2

2,807.4

1,158.5

1,108.3

3,665.2その他

自己資本

有利子負債

Consolidated Balance Sheets

Assets Liabilities and Shareholders’ Equity

(¥ billions)

Cash Equivalents

Accounts Receivable

Inventories

Others

Others

Shareholders' Equity

Debt


06/3E05/3E 07/3E

136%

92%105%

Ｄ／Ｅレシオ

1,111.4

815.5

917.5

1,002.2

1,158.51,108.3

有利子負債

自己資本

D/E Ratio(¥ billions)

D/E Ratio

Debt

Shareholders’Equity


(¥ billions)

Consolidated Forecast for FY2007 (Full Year)

FY2007 (Forecast)

(A)

FY2006(B) (A) - (B) (A) / (B)

Net sales 7,500.0 7,116.4 383.6 105%

Operating income (loss)

260.03.5%

258.43.6%

1.6-0.1% -

Income (loss) before income taxes and minority interest

240.03.2%

298.54.2%

-58.5-1.0% -

Net income (loss) 120.01.6%

137.41.9%

-17.4-0.3% -


FY2007 Segment Information (Full Year) (¥ billions)

Net sales FY2007 (A) FY2006 (B) (A) - (B) (A) / (B)

Digital Products 2,970.0 2,805.5 164.5 106%

Electronic Devices 1,750.0 1,657.3 92.7 106%

Social Infrastructure 2,240.0 2,067.7 172.3 108%

Home Appliances 770.0 748.9 21.1 103%Others 380.0 391.6 -11.6 97%Total 7,500.0 7,116.4 383.6 105%

Operating income (loss) FY2007 (A) FY2006 (B) (A) - (B) (A) / (B)

Digital Products 35.0 1.2%

15.80.6%

19.20.6%

222%

Electronic Devices 115.06.6%

119.77.2%

-4.7-0.6%

96%

Social Infrastructure 90.04.0%

96.84.7%

-6.8-0.7%

93%

Home Appliances 11.01.4%

9.71.3%

1.30.1%

114%

Others 11.02.9%

18.74.8%

-7.7-1.9%

59%

Total 260.03.5%

258.43.6%

1.6-0.1%

101%

Copyright © 2007 Toshiba Corporation. All rights reserved. Business Results for FY 2006http://www.toshiba.co.jp/about/ir/index.htm

Documents

FY2006 Consolidated Business ResultsThe figures in this presentation are not audited. Toshiba’s fiscal year runs from April 1 to March 31. Without notes, all of the figures are total