RNS Number:2458M
Toshiba Corporation
12 June 2003
                                                                 12 June, 2003

        Toshiba Announces First Major Step of Reorganization to Reinforce 
                  Toshiba Group Businesses Under Mid-term Plan

Tokyo -- Toshiba Corporation today announced details of a major structural
reorganization that will be implemented on October 1st, 2003. Announced in
outline in the mid-term plan that Toshiba released in March 2003, the structural
changes will support Toshiba in creating a profitable, optimized group operating
structure that promotes management autonomy and flexibility.        

The new organization advances Toshiba's goals of streamlining managerial
efficiency through consolidation of in-house businesses with related group
companies; promotion of strategic alliances with other companies; and enabling
individual businesses to adopt management structures and practices best suited
to their businesses. The reformation covers five major business lines: household
appliances; e-Solutions; medical systems; materials and components and electron
tubes.

While further details will be settled in due course, and main points of the
reorganization, including the names of the new companies, are as follows.
 

1) Toshiba Consumer Marketing Corporation

Moves to enhance global business structures and sales and marketing of home
appliances will be strengthened by making the Home Appliances Company, a Toshiba
in-house company, into an independent entity, Toshiba Consumer Marketing
Corporation. The new company will also integrate Toshiba Lifestyle-Electronics
Corporation, currently a Toshiba subsidiary undertaking domestic sales of
Toshiba's home appliances.

In addition to handling sales and marketing of white goods, such as
refrigerators and washing machines, Toshiba Consumer Marketing Corporation will
also supervise the operations of Toshiba Lighting & Technology Corporation
(lighting fixtures), Toshiba Carrier Corporation (air-conditioners) and Toshiba
Batteries Co., Ltd. (primary batteries) to promote their integrated operations.
Manufacturing of white goods will be carried out by another new independent
company operating under the oversight of Toshiba Consumer Marketing Corporation.

Company name: Toshiba Consumer Marketing Corporation 
Address:      1-1-8, Sotokanda, Chiyoda-ku, Tokyo
              (current address of Toshiba Lifestyle-Electronics Corporation) 
Capital:      3 billion yen (Toshiba Corp. 100%) 
Businesses:   Business planning and sales and marketing of home appliances 
              (white goods); sales of visual equipment and personal devices for 
              consumers; and supervision of lighting fixtures, air-conditioners, 
              and primary batteries businesses 
Sales:        760 billion yen (consolidated), including sales of visual 
              equipment and personal devices for consumers. 
Employees:    About 2,400 

Company name: Toshiba HA Products Co., Ltd. 
Address:      1-6, Toshiba-cho, Ibaraki, Osaka
              (current address of Toshiba Osaka Operations)
              Osaka Operations and Aichi Operations, in Seto, Aichi Prefecture 
              will become facilities of the new firm. 
Capital:      2 billion yen (Toshiba Consumer Marketing Corporation) 
Businesses:   Development, design and manufacturing of home appliances (white 
              goods) 
Employees:    About 740 


2) Toshiba Solutions Corporation

The e-Solutions Company, currently one of Toshiba Corporation's in-house
companies, will be separated as an independent entity and integrated into one
entity with Toshiba IT-Solutions Corporation, a subsidiary that currently
handles systems development, marketing and services. Consolidation of R&D,
engineering and marketing and unification of the wide-ranging expertise of the
two companies will promote provision of advanced package solution and other
services. The new company will fully exploit business potentials by promoting
conversion from indent solutions to package-type solutions.

Company name: Toshiba Solutions Corporation 
Address:      66-2, Horikawa-cho, Saiwaiku, Kawasaki, Kanagawa Prefecture, 
              (Registered headquarters at the time of establishment: currently 
              the address of Toshiba IT-Solutions Corporation)
              *Head office: 1-1, Shibaura 1-chome, Minato-ku, Tokyo 
Capital:      20 billion yen (Toshiba Corp. 100%) 
Businesses:   Consultation, development, design, manufacturing, sales and 
              marketing of IT solutions; maintenance of software; related 
              engineering work 
Sales:        320 billion yen (consolidated) 
Employees:    about 5,300 


3) Toshiba Medical Systems Corporation

With a view to further strengthening the medical systems businesses, The Medical
Systems Company, currently an in-house company of Toshiba Corporation, will
become an independent group company on October 1st. The new company, Toshiba
Medical Systems Corporation, will integrate its operations with those of Toshiba
Medical Systems Co., Ltd., which now undertakes sales and marketing and
maintenance in the Japanese market. Toshiba Medical Systems Corporation will
establish itself as a global provider of comprehensive medical solutions, able
to assure timely delivery of advanced products and excellent services to the
world market, and will cover planning, R&D, design, manufacturing, sales and
marketing and after-sales services.

Company name: Toshiba Medical Systems Corporation 
Address:      1385, Shimoishigami, Ohtawara, Tochigi Prefecture
              (currently Nasu Operations)
              *Tokyo headquarters: 3-26-5, Hongo, Bunkyo-ku, Tokyo
              (currently Toshiba Medical Systems Co., Ltd.) 
Capital:      14.7-billion yen
              (Toshiba Corp. 99.4%, and other Toshiba group company: 0.6%)  
Businesses:   Research, development, manufacturing, sales and maintenance of 
              medical systems such as CT scanners, X-ray, ultrasound and MRI 
              equipment, and information systems for medical institutions 
Sales:        260 billion yen (consolidated) 
Employees:    About 3,300 

 
4) Toshiba Materials Co., Ltd.

Toshiba Materials Co., Ltd., a new Toshiba group subsidiary, will take over the
materials and components businesses currently handled by Toshiba Corporation's
Display Devices & Components Control Center. The company will establish a highly
profitable management structure that brings greater agility and operational
flexibility to business in precision processing components and high purity
materials for semiconductors and electronic devices, and materials and
components for power generation and industrial equipment.

Company name: Toshiba Materials Co., Ltd. 
Address:      8, Shin-Sugita-cho, Isogo-ku, Yokohama, Kanagawa Prefecture 
              (currently Yokohama Operations - Materials & Components) 
President:    Morie Yamaguchi (current VP, Materials & Components Div. and GM, 
              Yokohama Operations - Materials and Components) 
Capital:      480 million yen (Toshiba Corp. 100%) 
Businesses:   Development, manufacturing, sales and marketing of materials and 
              components 
Sales:        26 billion yen (consolidated) 
Employees:    About 480 

 
5) Toshiba Electron Tubes and Devices Co., Ltd.

The electron tubes businesses, currently handled by Toshiba Corporation's
Display Devices & Components Control Center, will be separated from Toshiba
Corporation to become a Toshiba group subsidiary specialized in these
businesses. The new company will establish a highly profitable management
structure that achieves greater agility and operating flexibility in marketing
diverse electron tubes, including high power microwave tubes for scientific
research, such as particle accelerators, and X-ray tubes for medical CT scanners
and X-ray equipment.

Company name: Toshiba Electron Tubes and Devices Co., Ltd. 
Address:      1385, Shimoishigami, Ohtawara City, Tochigi Prefecture 
              (currently the address of Toshiba Nasu Operations) 
President:    Fumio Sugimori (current VP, Electron Tubes & Devices Div. and GM, 
              Nasu Operations - Electron Tubes) 
Capital:      480 million yen (Toshiba Corp. 100%) 
Businesses:   Development, manufacturing, sales and marketing of electron tubes 
              and application products 
Sales:        13 billion yen (consolidated) 
Employees:    about 360 

Note)
* Sales volumes of the new companies are approximate figures calculated based on 
  the results of FY2002. 
* Number of employees are planned figures when these firms are established on 
  October 1st. 
* The presidents and directors of these new firms will be appointed in due 
  course. 
* Presidents of new companies other than Toshiba Materials Co., Ltd. and Toshiba 
  Electron Tubes and Devices Co., Ltd. have not yet been appointed.  


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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