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1、 2023 Toshiba Corporation FY2023 First Quarter Consolidated Business ResultsYasuhiro MatsunagaExecutive OfficerCorporate Vice President and Chief Financial OfficerToshiba CorporationAugust 7,20232 2023 Toshiba Corporation Forward-looking StatementsThis presentation contains forward-looking statement
2、s 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 managements assumptions an
3、d 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,w
4、orldwide 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 ho
5、ukokusho)and the quarterly securities report(Shihanki houkokusho)for detailed information on Toshiba Groups business risk.Both the annual securities report and the quarterly securities report are issued in Japanese only.Toshiba Groups fiscal year(FY)runs from April 1 to March 31.H1 refers to the fir
6、st six months(AprilSeptember);H2 refers to the latter six months(OctoberMarch);Q1 refers to the first quarter(AprilJune);Q2 refers to the second quarter(JulySeptember);Q3 refers to the third quarter(OctoberDecember);and Q4 refers to the fourth quarter(JanuaryMarch).All figures are consolidated total
7、s for the first three months of FY2023,unless otherwise stated.Results in segments have been reclassified to reflect the current organizational structure as of June 30,2023,unless otherwisestated.Since Toshiba is not involved in the management of Kioxia Holdings Corporation(hereinafter“Kioxia”)and i
8、s not provided with any forecasted business results,Toshiba Groups forward-looking statements concerning financial conditions,results of operation and cash flow do not include the impact of Kioxia.3 2023 Toshiba Corporation Key PointsFY2023/Q1 Actual:Lower YoY net income,despite higher operating inc
9、ome on higher sales*FY2023 Forecast:Operating income of 110.0 billion yen expected,as announced on May 12Higher YoY operating income,but lower net income due to a decrease in non-operating income.Net salesFY2022/Q1 740.7 billion yen FY2023/Q1 704.1 billion yen (YoY -36.6 billion yen)Operating income
10、FY2022/Q1 -4.8 billion yen FY2023/Q1 11.4 billion yen(YoY +16.2 billion yen)Net incomeFY2022/Q1 25.9 billion yen FY2023/Q1 -25.4 billion yen(YoY -51.3 billion yen)YoY free cash flows fell due to the impact of large-scale advance payments in the previous years,etc.Orders received increased 26%YoY,on
11、orders for large-scale projects.Order backlog increased steadily.FY2023 operating income forecast is 110.0 billion yen,with removal of last years one-time factors,and fixed costs for future growth,etc.,as announced on May 12.*excluding the impact of the deconsolidation of the air conditioning busine
12、ss,etc.4 2023 Toshiba Corporation AgendaOverall Business ResultsBusiness Results by SegmentSupplementary Information010203FY2023 Forecast045 2023 Toshiba Corporation 01Overall Business Results6 2023 Toshiba Corporation FY2023/Q1 Income and Loss ItemsDespite increased YoY operating income,YoY net inc
13、ome decreased due to lower non-operating income()740.7704.1-36.6-5%()()Operating income-4.811.4+16.2ROS-0.6%1.6%+2.2%pt()17.335.7+18.4EBITDA margin2.3%5.1%+2.8%pt()Net income25.9-25.4-51.359.85yen-58.68yen-118.53yen432,645432,688+43Operating income +16.2Non-operating income -76.0Energy Systems&Solut
14、ions,Infrastructure Systems&Solutions,FY2022/Q1Average exchange rate(US$)during the fiscal yearBuilding Solutions,Electronic Devices&Storage Solutionsincluding the impact of exchange rate changes:+1.5including the impact of exchange rate changes:+15.8Energy Systems&Solutions,Infrastructure Systems&S
15、olutions,Net earnings per share attributable toshareholders of the CompanyTotal number of shares issued(shares in thousands)Income beforeincome taxes41.7EBITDARetail&Printing Solutions,Digital Solutions,Others127 yen136 yen+9 yen-18.1-59.8FY2023/Q1Net salesGrowth rateRetail&Printing Solutions,Digita
16、l SolutionsBuilding Solutions,Electronic Devices&Storage Solutions,OthersDifferenceContributory Factors(Yen in billions,except earningsper share)():Better():Worse*1 EBITDA=Operating income+Depreciation+Goodwill impairment *2 Average rates during the fiscal year(after deduction of own shares)*1*27 20
17、23 Toshiba Corporation Higher operating income on higher sales*Operating Income,FY2022/Q1 to FY2023/Q1 Analysis*1*2*1 Increase or decrease in sales,increase or decrease in fixed costs,etc.*2 Soaring materials and logistics costs,sales price,differences in the sales mix,etc.-4.811.41.515.4-2.4-1.04.0
18、-1.3-10.00.010.020.0FY2022/Q1ActualFY2022/Q1One-time factosExchange ratechangesIncrease/Decreasein sales,etc.Factors affectingearning powerFixed costfor growthOthersFY2023/Q1ActualSoaring materials and logistics costs-2.1Price increases+5.6Differences in the sales mix,etc.-4.8Total-1.3Depreciation-2
19、.2R&D expenses-0.2Costs related to strategic alternatives+1.2Impact of deconsolidation of subsidiaries-4.8Analysis of project costs,etc.+3.5Provision for product warranty,etc.+4.1One-time factors(incurred in FY2022/Q1)+4.0(Yen in billions)FY2022/Q1 Actualexcl.one-time factors(incurred in FY2022/Q1)-
20、0.8*excluding the impact of the deconsolidation of the air conditioning business,etc.8 2023 Toshiba Corporation Non-operating IncomeYoY non-operating income decreased,due to the impact of equity earnings from Kioxia,etc.1FY2022/Q1FY2023/Q1DifferenceNet financial income0.01.0+1.0Exchange rate income3
21、.22.4-0.8Income on sale or disposal of fixed assets4.6-0.9-5.5Income on sale of securities30.10.0-30.1Settlement costs of lawsuits-5.1-1.3+3.8Equity earnings of affiliates15.3-38.9-54.2Others-1.68.2+9.8Total46.5-29.5-76.0(Yen in billions)*1Change in equity earnings from Kioxia:-53.3(FY2022/Q1 12.2 F
22、Y2023/Q1 -41.1)*3*Toshiba is not involved in Kioxias management and not in a position to explain Kioxias performance,therefore,refrains fromdoing so.*3*2*1Earnings from the sale of Guangdong Meizhi Precision Manufacturing Co.Ltd and Guangdong MishibaMacro Compressor Ltd:20.0Earnings from the sale of
23、 Chubu Toshiba Engineering Corporation*:10.0*2Gain from valuation of securities:8.2(Shibaura Mechatronics Corporation+5.0)*Now KioxiaEngineering Corporation9 2023 Toshiba Corporation FY2023/Q1 Cash Flows and Balance Sheet ItemsFY2022/Q1FY2023/Q1DifferenceContributory FactorsFree cash flows93.619.9-7
24、3.7Cash flows from operating activities111.055.3-55.7()Impact of large-scale advance payments received in previous yearsCash flows from investing activities-17.4-35.4-18.02023/3E2023/6EDifferenceContributory FactorsShareholders equity ratio35.2%35.3%+0.1%pt()Net income-25.4()Free cash flows+19.9 Exc
25、luding operating leases liabilities5%4%-1%pt13%11%-2%ptNet debt-to-equity ratio()Accumulated other comprehensive income+24.7 Excluding operating leases liabilities-19.765.746.01,247.41,247.7+0.3Equity attributable to shareholdersof the Company161.7-24.0137.7Net interest-bearing debt():Better():Worse
26、(Yen in billions)*A negative net interest-bearing debt balance indicates a net cash position,whereby cash and cash equivalents exceed interest-bearing debt.*10 2023 Toshiba Corporation FY2023/Q1 Detailed ItemsFY2022/Q1FY2023/Q1DifferenceNet sales740.7704.1-36.6Operating income-4.811.4+16.2Non-operat
27、ing income46.5-29.5-76.0Income before income taxes41.7-18.1-59.8Tax expenses-5.5-6.2-0.7Net income before noncontrolling interests36.2-24.3-60.5Net income attributable to noncontrolling interests-10.3-1.1+9.2Net income25.9-25.4-51.359.85 yen-58.68 yen-118.53 yenFree cash flows93.619.9-73.72023/3E202
28、3/6EDifference1,247.41,247.7+0.3Shareholders equity ratio35.2%35.3%+0.1%pt1,337.11,340.1+3.0161.7137.7-24.0Net debt-to-equity ratio13%11%-2%pt134 yen145 yen+11 yenExchange rate(US$)at the end of periodEquity attributable to shareholders of the CompanyNet interest-bearing debtNet assetsNet earnings p
29、er share attributable to shareholders of the Company(Yen in billions,except earnings per share)11 2023 Toshiba Corporation 02Business Results by Segment12 2023 Toshiba Corporation FY2023/Q1 Consolidated Business Results by SegmentFY2022/Q1FY2023/Q1DifferenceGrowth rateNet sales121.8140.8+19.0+16%Ope
30、rating income-7.67.4+15.0ROS-6.2%5.3%+11.5%ptNet sales133.8138.0+4.2+3%Operating income1.03.9+2.9ROS0.7%2.8%+2.1%ptNet sales142.381.8-60.5-43%Operating income0.3-1.5-1.8ROS0.2%-1.8%-2.0%ptNet sales110.6122.4+11.8+11%Operating income0.21.2+1.0ROS0.2%1.0%+0.8%ptNet sales181.5171.9-9.6-5%Operating inco
31、me7.74.1-3.6ROS4.2%2.4%-1.8%ptNet sales49.750.8+1.1+2%Operating income2.02.6+0.6ROS4.0%5.1%+1.1%ptNet sales50.650.4-0.2-0%Operating income-10.6-8.9+1.7Net sales-49.6-52.0-2.4Operating income2.22.6+0.4Net sales740.7704.1-36.6-5%Operating income-4.811.4+16.2ROS-0.6%1.6%+2.2%ptTotalEnergy Systems&Solut
32、ionsInfrastructure Systems&SolutionsRetail&Printing SolutionsElectronic Devices&Storage SolutionsDigital SolutionsOthersEliminationsBuilding Solutions(Yen in billions)*FY2022/Q1 results of Building Solutions include air conditioning business,which was deconsolidated in August,2022.*Actual business r
33、esults of FY2022/Q1 have been partially reclassified between Infrastructure Systems&Solutions and Digital Solutions.13 2023 Toshiba Corporation Energy Systems&SolutionsResults BreakdownFY2022/Q1FY2023/Q1DifferenceContributory FactorsOperating income-7.67.4+15.0ROS-6.2%5.3%+11.5%ptFCF by segment-26.8
34、Operating income-4.36.6+10.9()ROS-5.5%7.4%+12.9%ptNuclear Power Systems24.228.1+3.9()Difference in progress of projects to enhancesafety measures,etc.Thermal&HydroPower Systems53.461.6+8.2()Difference in progress of orders received inthermal power projects in Japan,etc.()Transmission&Distribution Sy
35、stemsOperating income-2.70.6+3.3()Higher operating income due to higher salesROS-5.6%1.1%+6.7%ptOthersNet sales-4.4-2.8+1.6Operating income-0.60.2+0.8Higher operating income due to reduction ofunprofitable projectsNet sales53.9+5.3Net sales121.8140.8+19.0Impact of exchange rate changes:+1.8Impact of
36、 exchange rate changes:+0.2+12.1Net sales77.689.7Net sales48.6Energy Systems&SolutionsPower GenerationSystemsTransmission&Distribution Systems(Yen in billions)*Free cash flows by segment are treated as an index for in-house management only,and the impact of exchange rate changes is treated different
37、ly from free cash flows in the Consolidated Statements of Cash Flows.14 2023 Toshiba Corporation Infrastructure Systems&SolutionsResults BreakdownFY2022/Q1FY2023/Q1DifferenceContributory FactorsOperating income1.03.9+2.9ROS0.7%2.8%+2.1%ptFCF by segment31.0Public Infrastructure()Operating income2.91.
38、6-1.3()ROS4.1%2.4%-1.7%pt()Operating income-1.92.3+4.2()ROS-2.6%2.9%+5.5%ptOthersNet sales-9.6-8.9+0.7Impact of exchange rate changes:+1.7Lower sales in social systems and defense andelectronic systemsLower operating income due to lower sales insocial systems and defense and electronicsystemsHigher
39、sales in industrial systems and fromexchange rate changesNet sales 71.667.5Net sales133.8138.0Infrastructure Systems&SolutionsHigher operating income due to higher sales inindustrial systemsRailways and IndustrialSystemsImpact of exchange rate changes:+0.1+4.2-4.1Net sales 71.879.4+7.6(Yen in billio
40、ns)*Free cash flows by segment are treated as an index for in-house management only,and the impact of exchange rate changes is treated differently from free cash flows in the Consolidated Statements of Cash Flows.*Actual business results of FY2022/Q1 have been partially reclassified between Infrastr
41、ucture Systems&Solutions and Digital Solutions.15 2023 Toshiba Corporation Building SolutionsFY2022/Q1FY2023/Q1DifferenceContributory Factors()Elevator and escalator(Japan,Overseas),Lighting()Impact of air conditioning business deconsolidationOperating income0.3-1.5-1.8ROS0.2%-1.8%-2.0%pt()Elevator
42、and escalator(Japan,Overseas),Lighting()Impact of air conditioning business deconsolidationFCF by segment11.4Impact of exchange rate changes:+0.7Impact of exchange rate changes:+0.1Net sales142.381.8-60.5Building Solutions(Yen in billions)*Free cash flows by segment are treated as an index for in-ho
43、use management only,and the impact of exchange rate changes is treated differently from free cash flows in the Consolidated Statements of Cash Flows.*FY2022/Q1 results include air conditioning business,which was deconsolidated in August,2022.16 2023 Toshiba Corporation Electronic Devices&Storage Sol
44、utionsResults BreakdownFY2022/Q1FY2023/Q1DifferenceContributory FactorsOperating income7.74.1-3.6ROS4.2%2.4%-1.8%ptFCF by segment-5.5Semiconductors()(N)Increase in sales of mask writersOperating income12.417.2+4.8()(N)Higher operating income due to higher salesROS13.5%15.9%+2.4%ptHDDs&Others()(H)Shr
45、inkage in mobile and desktop markets()(H)Nearline HDD market adjustmentOperating income-4.7-13.1-8.4()(H)Lower operating income due to lower salesROS-5.2%-20.6%-15.4%pt()(H)Provision for product warranty*Impact of exchange rate changes:+6.6Impact of exchange rate changes:+1.3Net sales89.863.7+16.5-9
46、.6-26.1Net sales91.7108.2Net sales181.5171.9Electronic Devices&Storage Solutions*Free cash flows by segment are treated as an index for in-house management only,and the impact of exchange rate changes is treated differently from free cash flows in the Consolidated Statements of Cash Flows.(Yen in bi
47、llions)*1*2*1 Including sales of discrete semiconductors,system LSIs,and those by NuFlareTechnology(NFT).*2 Including sales of HDDs,Materials&Devices,and resale of memory products,etc.(N):NuFlareTechnology(H):HDDs*As a result of continuing discussions with a customer on product quality,a provision f
48、or product warranty has been made,in conformity with accounting standards.The impact is approximately-6.0 billion yen.17 2023 Toshiba Corporation Retail&Printing SolutionsDigital SolutionsFY2022/Q1FY2023/Q1DifferenceContributory Factors()(R)Higher sales,(P)Higher salesOperating income0.21.2+1.0ROS0.
49、2%1.0%+0.8%pt()(P)Higher operating income()(R)Lower operating incomeFCF by segment-2.6(R):Retail Business(P):Printing(workplace)businessFY2022/Q1FY2023/Q1DifferenceContributory Factors()System projects for public and private sectors()Impact of the sale of Chubu Toshiba EngineeringCorporation*Operati
50、ng income2.02.6+0.6ROS4.0%5.1%+1.1%pt()Higher operating income due to higher sales()Impact of the sale of Chubu Toshiba EngineeringCorporation*FCF by segment14.3Impact of exchange rate changes:0+11.8+1.1Impact of exchange rate changes:+4.8Impact of exchange rate changes:0Impact of exchange rate chan
51、ges:0Net sales122.4110.6Net sales 50.849.7Retail&Printing SolutionsDigital Solutions*Free cash flows by segment are treated as an index for in-house management only,and the impact of exchange rate changes is treated differently from free cash flows in the Consolidated Statements of Cash Flows.(Yen i
52、n billions)*Actual business results of FY2022/Q1 have been partially reclassified between Infrastructure Systems&Solutions and Digital Solutions.*Now KioxiaEngineering Corporation18 2023 Toshiba Corporation Orders Received and Order BacklogSteady orders received and order backlogOrders Received(Yen
53、in billions)Order BacklogElevator and escalator(Building Solutions)Digital SolutionsInfrastructure Systems&SolutionsEnergy Systems&SolutionsOrders received and Order backlog are metrics for in-house management only,and differ from unsatisfied performance obligations,which are disclosed in the quarte
54、rly securities report(Shihankihoukokusho).0.0500.01,000.0FY2021/Q1FY2022/Q1FY2023/Q1-30%+26%0.01,000.02,000.02021/6E2022/6E2023/6E-3%+1%19 2023 Toshiba Corporation 03Supplementary Information20 2023 Toshiba Corporation Equity Earnings from KioxiaEquity earningsImpact of PPAincludedExcluding theimpac
55、t of PPAFY2022Q1 Actual12.2-4.116.3Q2 Actual13.1-1.614.7Q3 Actual-33.9-1.5-32.4Q4 Actual-49.0-1.4-47.6FY2023Q1 Actual-41.1-1.1-40.0(Yen in billions)(Reference)Bit Growth and Change in ASPBit Growth(vs.the previous quarter)ASP(vs.the previous quarter)FY2022 Q1 ActualDecreasedlower-20%rangeIncreasedlo
56、wer-10%rangeQ2 ActualIncreasedlower-20%rangeDecreasedlower-10%rangeQ3 ActualDecreasedmid-10%rangeDecreasedlower-20%rangeQ4 ActualIncreasedlower-10%rangeDecreasedhigher-20%rangeFY2023 Q1 ActualIncreasedmid-10%rangeDecreasedmid-single digit%Data provided by KioxiaForecastToshiba does not receive any i
57、nformation related to Kioxias forecasts of equity earnings or losses.Only Kioxias actual results are explained,as part of the consolidated business results.The FY2023 forecast is disclosed for reference only and does not include Kioxias forecast of equity earnings or losses.*Toshiba is not involved
58、in Kioxias management and not in a position to explain Kioxias performance,therefore,refrains fromdoing so.21 2023 Toshiba Corporation 04FY2023 Forecast22 2023 Toshiba Corporation Overall2023/3EActual2024/3EForecastDifferenceVs.previousforecastof May 121,247.41,270.0+22.6-40.035.2%34.3%-0.9%pt-0.9%p
59、t161.7170.0+8.3-10.013%13%+0%pt-1%pt134 yen120 yen-14 yen0 yenExchange rate(US$)at the end of periodNet interest-bearing debtNet debt-to-equity ratioEquity attributable toshareholders of the CompanyShareholders equity ratioFY2022ActualFY2023ForecastDifferenceVs.previousforecastof May 12Net sales3,36
60、1.73,200.0-161.70.0Growth rate-5%Operating income110.5110.0-0.50.0ROS3.3%3.4%+0.1%pt0.0%ptEBITDA226.4215.0-11.40.0EBITDA margin6.7%6.7%-0.0%pt0.0%pt189.060.0-129.0-40.0Net income126.630.0-96.6-40.0ROE10.3%2.4%-7.9%pt-3.1%ptROIC8.7%2.6%-6.1%pt-2.5%ptFree cash flows-25.2Income before incometaxes0.025.
61、20.0(Yen in billions)*1 ROIC=(Net income Net income attributable to noncontrolling interests Interest expenses x(1 Tax rate)/(Net interest-bearing debt+Net assets)*The FY2023 forecast is disclosed for reference only and does not include Kioxias forecast of equity earnings or losses.*1*FY2022 results
62、 of Building Solutions include air conditioning business,which was deconsolidated in August,2022.23 2023 Toshiba Corporation Forecast by SegmentFY2023ForecastNet sales669.5590.0-79.5-12%+30.0Operating income30.430.0-0.4+3.0ROS4.5%5.1%+0.6%pt+0.3%ptNet sales686.3740.0+53.7+8%0.0Operating income45.955
63、.0+9.10.0ROS6.7%7.4%+0.7%pt0.0%ptNet sales448.1360.0-88.1-20%+10.0Operating income5.9-3.0-8.9-1.0ROS1.3%-0.8%-2.1%pt-0.2%ptNet sales513.1510.0-3.1-1%+20.0Operating income-4.118.0+22.10.0ROS-0.8%3.5%+4.3%pt-0.2%ptNet sales797.1750.0-47.1-6%-60.0Operating income42.940.0-2.9-17.0ROS5.4%5.3%-0.1%pt-1.7%
64、ptNet sales245.9250.0+4.1+2%0.0Operating income26.226.0-0.2+1.0ROS10.7%10.4%-0.3%pt+0.4%ptNet sales1.70.0-1.70.0Operating income-36.7-56.0-19.3+14.0Net sales3,361.73,200.0-161.7-5%0.0Operating income110.5110.0-0.50.0ROS3.3%3.4%+0.1%pt0.0%ptVs.previousforecastof May 12DifferenceGrowth rateBuilding So
65、lutionsTotalEnergy Systems&SolutionsInfrastructure Systems&SolutionsRetail&Printing SolutionsElectronic Devices&Storage SolutionsDigital SolutionsOthers,EliminationsFY2022Actual(Yen in billions)*Actual business results of FY2022 have been partially reclassified between Infrastructure Systems&Solutio
66、ns and Digital Solutions.*FY2022 results of Building Solutions include air conditioning business,which was deconsolidated in August,2022.24 2023 Toshiba Corporation Operating income of 110.0 billion yen reflects improvement fromremoval of one-time factors,and increased costs for securing future grow
67、thOperating Income,FY2022 to FY2023 Analysis*1*2*1 Increase or decrease in sales,increase or decrease in fixed costs,etc.*2 Restructuring,Soaring materials and logistics costs,sales price,differences in the sales mix,etc.110.5110.061.52.9-8.8-6.4-26.1-23.6-100.0-50.00.050.0100.0150.0200.0250.0(Yen i
68、n billions)Soaring materials and logistics costs-11.8Price increases+26.5Differences in the sales mix,etc.-11.8Total+2.9Depreciation-9.7R&D expenses-16.4Restructuring cost-15.6Costsrelatedtostrategic alternatives-8.0Total-23.6One-timefactors(incurred in FY2022)Q1-4.84.01.515.4-1.3-2.4-1.011.4Q2-Q411
69、5.357.5-10.3-21.84.2-23.7-22.698.6Total110.561.5-8.8-6.42.9-26.1-23.6110.0Vs.previous(May 12)0.00.0+5.0-15.7-6.7+5.0+12.40.0Goodwill impairment in Retail&Printing Solutions+20.6 Costsrelatedtostrategic alternatives+6.2Impact of deconsolidationof subsidiaries-8.1 Analysis of project costs,etc.+13.3Pr
70、ovision for product warranty,etc.+29.5One-time factors(incurred in FY2022)+61.5FY2022 Actualexcl.one-time factors(incurred in FY2022)172.0FY2022ActualFY2022One-time factorsIncrease/Decreasein sales,etc.Factors affectingearning powerExchange ratechangesOthersFixed costfor growthFY2023ForecastAppendix
71、26 2023 Toshiba Corporation Balance SheetAssetsLiabilities(Yen in billions)Property,plant,equipment,and othersCash and cash equivalentsAccountsreceivableInventoriesGoodwill,deferred tax assets,and othersOther assets*1*2Notes and accounts payableAccrued pension and severance costsOther liabilitiesInt
72、erest-bearing debt*1Including right-of-use assets of operating leases(2023/3E 92.0 billion yen,2023/6E 88.8 billion yen)*2Including operating leases liabilities(2023/3E 96.0 billion yen,2023/6E 91.7 billion yen)969.6 946.4 583.4 593.6 223.5 236.2 594.2 653.1 841.9 752.6 326.7 350.3 3,539.3 3,532.2 2
73、023/3E2023/6E1,003.9 1,041.5 261.8 261.5 448.1 401.0 488.4 488.1 2,202.2 2,192.1 2023/3E2023/6E27 2023 Toshiba Corporation Capital Expenditures(Commitment Basis)(Yen in billions)*FY2022 results of Building Solutions include air conditioning business,which was deconsolidated in August,2022.FY2022Actu
74、alFY2023ForecastVs.previous forecastof May 12FY2023/Q1ActualMajor Items in FY2023/Q1Investments and loans2.65.00.05.0TotalEnergy Systems&SolutionsInfrastructure Systems&SolutionsRetail&PrintingSolutionsElectronic Devices&Storage SolutionsDigital SolutionsOthersBuilding Solutions6.811.86.17.112.012.0
75、12.0-12.0Investment in manufacturing equipment for rechargeable batteryRenewal of IT system/Next generation core IT system117.280.4-31.01.60.0191.264.0180.040.673.02.0Investment in increased production of power semiconductors3.22.238.90.4-7.0-6.0-6.01.20.00.50.0Capital Expenditures(Commitment Basis)
76、34.028 2023 Toshiba Corporation Energy Systems&SolutionsForecast BreakdownFY2022ActualFY2023ForecastDifferenceGrowth rateVs.previousforecastof May 12Operating income30.430.0-0.4+3.0ROS4.5%5.1%+0.6%pt+0.3%ptOperating income31.825.0-6.80.0ROS7.1%6.8%-0.3%pt-0.3%ptNuclear Power Systems181.3170.0-11.30.
77、0Thermal&HydroPower Systems268.6200.0-68.6+20.0Operating income3.95.0+1.1+3.0ROS1.7%2.2%+0.5%pt+1.3%ptOthersNet sales-13.5-10.0+3.50.0Operating income-5.30.0+5.30.0+30.0+20.0+10.0-18%-12%-1%233.1669.5449.9-3.1-79.5-79.9Net sales370.0Net salesNet sales230.0Net sales590.0Energy Systems&SolutionsTransm
78、ission&Distribution SystemsPower GenerationSystems(Yen in billions)29 2023 Toshiba Corporation Infrastructure Systems&SolutionsForecast BreakdownBuilding SolutionsFY2022ActualFY2023ForecastDifferenceGrowth rateVs.previousforecastof May 12Operating income45.955.0+9.10.0ROS6.7%7.4%+0.7%pt0.0%ptPublic
79、InfrastructureOperating income37.744.0+6.30.0ROS9.8%10.0%+0.2%pt0.0%ptOperating income8.211.0+2.80.0ROS2.3%3.1%+0.8%pt0.0%ptOthersNet sales-51.2-60.0-8.80.0Operating income5.9-3.0-8.9-1.0ROS1.3%-0.8%-2.1%pt-0.2%ptElevator and escalator235.6229.0-6.6-3%+5.0Lighting119.1127.0+7.9+7%0.0Air Conditioning
80、94.90.0-94.9-0.0Railways and IndustrialSystems448.1+8%+2%+14%Net sales353.0360.0360.0-88.1+7.0Building Solutions-20%740.0440.0Net sales384.5Net sales686.3Infrastructure Systems&SolutionsNet salesNet sales0.00.00.0+10.0+53.7+55.5(Yen in billions)*Actual business results of FY2022 have been partially
81、reclassified between Infrastructure Systems&Solutions and Digital Solutions.*FY2022 results of Building Solutions include air conditioning business,which was deconsolidated in August,2022.30 2023 Toshiba Corporation Electronic Devices&Storage SolutionsForecast BreakdownFY2022ActualFY2023ForecastDiff
82、erenceGrowth rateVs.previousforecastof May 12Operating income42.940.0-2.9-17.0ROS5.4%5.3%-0.1%pt-1.7%ptSemiconductorsOperating income71.053.0-18.0-12.0ROS15.9%12.3%-3.6%pt-1.8%ptHDDs and othersOperating income-28.1-13.0+15.1-5.0ROS-8.0%-4.1%+3.9%pt-1.8%pt320.0351.7-15.4Net sales430.0-31.7Net sales750.0-47.1797.1445.4Net salesElectronic Devices&Storage Solutions-60.0-30.0-30.0-6%-9%-3%(Yen in billions)*1*2*1 Including sales of discrete semiconductors,system LSIs,and those by NuFlareTechnology(NFT).*2 Including sales of HDDs,Materials&Devices,and resale of memory products,etc.