RNS Number:7555M
Toshiba Corporation
26 June 2003
* Cover
To Our Shareholders
164th Term Fiscal Report (April 1, 2002- March 31, 2003)
Feature Article: The Mid-Term Business Plan will carry Toshiba to Further Growth
* PAGE
A Message from the President and CEO
I am pleased to understand that our shareholders do well and prosper. Allow me
to extend to all of you my warmest thanks and personal appreciation for your
continuing support and patronage. To those who have only recently purchased our
stock, new members of the Toshiba team, I express my deepest gratitude and
request your understanding and cooperation.
The following outlines the general conditions of Toshiba's business in fiscal
year 2002, from April 1, 2002 to March 31, 2003.
General Outline
In the course of the 2002 fiscal term, the Japanese economy saw continued
stagnation in capital investment. Individual consumption leveled off as a severe
employment situation made itself felt, and corporate earning and export growth
slowed. As a result, future prospects grew even more opaque. Looking at overseas
economic trends during the term, we saw increased business in Asian markets,
especially the Chinese market, but the drive towards business recovery in the US
weakened and the European market appeared to be at a standstill. Even in these
difficult conditions, Toshiba was able to achieve projected targets, such as a
notable decrease in procurement costs, as a result of the '01 Action Plan that
we initially implemented in 2001. Toshiba saw consolidated sales increase by 5%
over the last fiscal year to 5,655.8 billion yen. Operating income improved by
115.5 billion yen to reach 229.1 billion yen. Income before taxes was 53.1
billion yen and a net income of 18.5 billion yen represented a major improvement
over the previous fiscal year.
The following section looks at business results by consolidated industry
segment. Both Digital Media, which saw growth in personal computers and visual
equipment, and Electronic Devices and Components, which experienced growing
demand for semiconductors and made a satisfactory transition to NAND Flash
memory, saw improved sales compared to last fiscal year. Information &
Communications Systems and Power Systems, feeling the impact of a stagnant
domestic economy, was unable to achieve positive results despite efforts made
toward structure reform, however, saw an overall increase in profits of 261.7
billion yen. 41% of total sales were in overseas markets.
It gives me great pleasure to announce that the recovery in our results allows
us to pay a dividend of 3 yen per share. This represents an improvement over the
previous fiscal term, when we were forced to withhold dividends.
The General Outlook in Core Businesses
Information & Communications Systems saw net sales decrease 5% against the same
period a year ago, to 908.7 billion yen. Slow demand and investment in the
domestic IT resulted in a sales decline in system integration for the private
sector, including distribution and financial systems. Automated Information
Equipment also experienced lower sales.
Social Infrastructure Systems saw net sales retreat by 3% from the same period a
year ago, to 922.8 billion yen. While transportation systems saw increases in
sales, restrained capital investment in both the public and private sectors
resulted in declines in overall sales in instrumentation systems and radio
systems.
Power Systems sales retreated by 10% from the same period a year ago to 523.7
billion yen. An increase in overseas sales of large scale plants was undercut by
the transfer of control of the power transmission and distribution businesses to
consolidated companies. As a result, Power Systems saw a decrease in sales of 50
billion yen.
Digital Media saw a significant 13% rise in sales against the same period a year
ago, to reach 1658.1 billion yen. Although there was no general upturn in
IT-related investment, the launch of competitive personal computer products
generated increased sales. Visual Equipment also saw increases in sales, the
result of Toshiba's leadership in launching video recorders integrating HDD and
DVD. Although sales of mobile phones slowed in overseas markets, domestic sales
of mobile terminals equipped with digital cameras prompted considerable demand
that contributed to an overall increase in sales.
Home Appliances saw sales that were 3% lower than in the year-earlier period, at
660.7 billion yen. Factors that contributed to the decrease in sales included
the prolonged downturn in consumer spending and lower retail prices.
Electronic Devices and Components experienced substantial sales growth of 21%
against the same period a year earlier, and recorded net sales of 1,296 billion
yen. Sales of semiconductors recorded steady progress, driven by demand for
discrete semiconductors and System LSIs for digital consumer products.
Withdrawal from the commodity DRAM business had a negligible impact on overall
sales, as NAND Flash memory for mobile phones and digital cameras recorded
positive growth. Low temperature polysilicon liquid crystal displays for mobile
phones and the inauguration of a joint venture business with Matsushita Electric
Industrial, Co., Ltd. contributed to increased sales of liquid crystal displays.
Future Policies
Toshiba's latest mid-term management plan, which will guide the company to the
end of fiscal 2005, was announced in March 2003. Under the plan, Toshiba will
work towards achieving recognition as a highly profitable group of companies,
active in both high growth and stable growth businesses. We are aware that
economic conditions continue to be severe, and for that reason we will promote
reform policies that will continue to improve profitability and strengthen our
financial position. I once again ask our shareholders for their continued
support and for their assistance.
June 2003
Tadashi Okamura
President and Chief Executive Officer
Page 3
Feature Article: The Mid-Term Business Plan will carry Toshiba to Further Growth
Building on the reinforced management system achieved as a result of the early
implementation of the '01 Action Plan, Toshiba Group has drawn up its mid-term
management plan for fiscal years 2003 to 2005. The plan will promote Toshiba's
drive to win recognition as a highly profitable group of companies, active in
both high growth and stable businesses, in time for the advent of Ubiquitous
Networks.
Defining the Age of Ubiquitous Networks
Dreams of a distant future that seemed so out of reach will soon become reality.
Imagine being able to do your work at a restaurant table, with no need to be in
the office; or accessing broadband communication networks from the comfort of
your hotel room while traveling on business...Picture connecting your home
appliances in a network and operating them from a remote location...Soon
information terminals, including personal computers and mobile telephones, will
connect to networks that make it possible for anyone, everyone, to exchange
information and communicate at any time from any place. That is what ubiquitous
networks will bring about, and fully reflects the Latin root of ubiquitous: "
being or seeming to be everywhere at the same time".
Toshiba's ability to contribute
Today's information terminals, including personal computers and mobile
telephones, are light, compact and highly efficient. Moreover, the considerable
advances in software and device technologies seen in recent years have ended
the need for telephone lines and electrical cords. Toshiba Corporation has
wireless and mobile technologies and will make great contributions to bringing
more convenience to our customers' lifestyles.
Toshiba's Wireless Technologies: BluetoothTM technology, wireless LAN
technology, MPEG4 (the global standard for compressing moving pictures) related
equipment, semiconductors, etc.
Toshiba's Mobile Technologies: Portable PCs, lithium-ion secondary batteries,
fuel cells, etc.
Page 4
Toshiba's Target Fields and Strategies
In the recently drawn-up mid-term management plan, Toshiba defines three major
areas of business as essential business domains for the age of ubiquitous
networks. These are the high growth digital products domain and the electronics
devices domain that supports digitalization, and the social infrastructure
domain, where steady growth is expected in future. Toshiba will assure advances
in these three fields by developing appropriate management resources and the
concentration of resources.
Digital Products Domain: By executing strategies for mobile and wireless
solutions and proactively leading the market in products that realize the
potential of ubiquitous networks, Toshiba expects to secure a position among the
global leaders in its main businesses.
Electronic Devices Domain: The main concentration is on product areas where
substantial growth is expected, such as digital consumer products and mobile
equipment. The geographic focus will be on China and other regions where growth
is expected, and on leading customers around the world. As a core business of
Toshiba Group, the electronic devices domain will strive to secure high growth
and a high level of profitability.
Diagram
Main Business Domains: 3 Pillars
(LEFT CIRCLE)
High Growth Domain
Digital Products Domain
Electronic Device Domain
Among the global top three
Supporting ubiquitous computing
(RIGHT CIRCLE)
Stable Growth Domain
Social Infrastructure Domain
In harmony with the earth's environment
Promoting Globalization
Emphasis on new businesses
Social Infrastructure Domain: Offering new services based on digital technology,
and meeting demand for a transition to environmentally friendly products, will
support establishment of a stable profit base. At the same time, energy will be
directed toward improving cost structures and strengthening profitability,
expansion into overseas market, and cultivation of new businesses that will
provide new sources of income and profit.
01 Action Plan Results
Group Human Resources Target: 10% reduction
188,000 employees (March 2001) 166,000 persons (March 2003) Achieved
Procurement Costs Target: 20% reduction in two years
680-billion yen reduction in two years Achieved
Asset Light (asset efficiency)
Target: 450 billion yen asset reduction, in addition to an already planned
reduction of greater 350-billion yen Achieved
Total for 2002: 182 billion yen
Goals for each domain
Both the digital products domain and electronic devices domain are recognized as
high growth areas. In both of these domains, our goal is to achieve growth that
surpass the speed of market expansion, in order to attain a position among the
global top three in sales for each product area. Our target is yearly sales
growth averaging 8%, with consolidated profits of 180-billion yen in fiscal year
2005.
In the stable growth social infrastructure domain, we anticipate annual average
sales growth of 2% and consolidated profits of 70-billion yen in. In this
domain, we expect to raise overseas sales by anywhere from 10% to 50%, depending
on individual businesses.
Asset efficiency improvements based on fulfilling the aforementioned goals will
optimistically lead to total sales of 6600 billion yen by 2005-the final year of
this management plan-consolidated sales profits totaling at least 270 billion
yen, and a D/E Ratio (Profit liability ratio against the shareholder capital) to
150%.
Other Strategies
(1) Organization
Introduce the Business Group CEO System
Establish Business Group managements system in which the representative director
functions as the Group CEO
-Enhance management speed and responsiveness and assure effective use of
management resources
Promote independence of in-house companies
Promote structural reorganization that includes establishing in-house companies
as independent entities and integrating them with Group companies.
-Strengthen businesses across the Group, promoting independent
management and improved autonomy
(2) Investments
Invest approximately 840-billion yen in capital expenditure in fiscal years 2003
to 2005. Direct three-fourths of this to semiconductors and other high growth
businesses.
(3) Research and Development
Invest 1,100-billion yen in research and development in fiscal years 2003 to
2005. Direct three-fourths of this to high growth businesses.
In order to actualize these policies, the following policies will also be
implemented.
Thorough competence/capacity doctrines and result doctrines
Business selection/ sorting based on Toshiba's original management index (TVC) =
Business selection will be based on the rate of returns (profits) against
invested capital.
Time to Market No. 1 Movement: This movement is dedicated to assuring that we
are world leader in time-to-market, assuring short lead times in all aspects of
product development, manufacturing and marketing.
Current
(In-House Companies) (Subsidiaries)
iValue Creation Company Toshiba TEC Corporation
Social Infrastructure Systems Company Toshiba Elevator and Building Systems Corporation
Digital Media Network Company Toshiba Lighting & Technology Corporation
Mobile Communications Company Toshiba Carrier Corporation etc.
Power Systems & Services Company
Semiconductor Company
Display Devices & Components Company
Medical Systems Company
Home Appliances Company
e-Solutions Company
April, 2003
(In-House Companies) (Subsidiaries)
Mobile Communications Company
Digital Media Network Company Toshiba TEC Corporation
Semiconductor Company
Display Devices & Components Control Center Toshiba Matsushita Display Technology Co., Ltd.
Industrial and Power Systems & Services Company
Social Network & Infrastructure Systems Company Toshiba Elevator and Building Systems Corporation
e-Solutions Company
Medical Systems Company
Consumer Electronics Marketing Control Center Toshiba Lighting & Technology Corporation
Home Appliances Company Toshiba Carrier Corporation
Toshiba Battery Co., Ltd. etc.
Network Services & Contents Control Center
October, 2003
(In-House Companies) (Subsidiaries)
Mobile Communications Company
Digital Media Network Company Toshiba TEC Corporation
Semiconductor Company
Display Devices & Components Control Center Toshiba Matsushita Display Technology Co., Ltd.
Industrial and Power Systems & Services Company
Social Network & Infrastructure Systems Company Toshiba Elevator and Building Systems Corporation
e-Solutions New Company
Medical Systems New Company
Marketing New Company
Home Appliances (White Goods) New Company
Toshiba Lighting & Technology Corporation
Toshiba Carrier Corporation
Toshiba Battery Co., Ltd.
Network Services & Contents Control Center
Making the transition to become a Company with Committees
Following the April revision of Japan's Commercial Code, Toshiba Corporation
decided to implement the Company with Committees system of corporate governance.
This decision was made with the following objectives in mind.
1. Strengthen management's supervisory function and improve transparency.
Under the new system, the board of directors will devote itself to determining
basic management policies and its supervisory function. Three committees will be
established, Nomination, Auditing and Compensation, each with a majority of
outside directors. Improving transparency will also be an objective.
2. Improve management responsiveness
Executive Officer will have the personal responsibility, and authority, for
responding to changes in the management environment and assuring responsive
business strategies. The executive Officer are expected to acknowledge the major
transfers of authority made by the Board of Directors and further enhance the
speed of management decision-making.
3. Improving Risk and Compliance Systems
The establishment of internal regulatory systems for dealing with risk
management and compliance, as set forth by the board of directors, will
strengthen the overall management system.
Page 7 TOPICS
Fuel Electrical Circuits
Compact Methanol Fuel Cell for Notebook Personal Computers
Toshiba has unveiled the world's first small-form factor methanol fuel cell that
connects directly to a portable personal computer. Electricity is produced by
the reaction of the methanol, so a continuous electricity supply can be achieved
simply by changing the fuel cartridge. The fuel cell ends the need for
recharging that is necessary with lithium-ion batteries. With 50 cc methanol, it
is possible to use wireless personal computers for maximum five hours.
Successful development of the fuel cell is due to the application of a number of
original Toshiba technologies, including systems for delivering and diluting
concentrated methanol and for connecting the PC and fuel cell. With the basic
technology now in place, Toshiba is working to accelerate development, in order
to deliver a commercial product in 2004.
Caption: Simply changing the fuel cartridge assures the fuel cell continues to
generate power for the PC, assuring endless operating time with no need to
recharge batteries.
New Business
Toshiba Enters Film Distribution Business with Purchase of Amuse Pictures, Inc.
Toshiba agreed terms for the purchase of independent film distributor Amuse
Picture, Inc. with its parent company, Amuse Company, Inc. Under the agreement,
Toshiba purchased 67% of the company's outstanding stock on April 1, 2003, and
will make the company a wholly owned subsidiary on October 1, 2003, when it
purchases the remaining 33%.
Amuse Pictures is known as a distributor of major Korean films, including SHURI
and JSA, both of which were extremely successful in the Japanese market, and as
distributor of The Pianist, which collected three Oscars at this March's Academy
Awards Ceremonies.
The purchase of Amuse Pictures gives Toshiba entry into the film distribution
business. The company projects an initial sales target of 10-billion yen in
annual income, in a business sure to enjoy future growth.
Captions: The Pianist; JSA
Page 8
Home Robot
Concept model home robot that anyone can operate very easily
Toshiba has developed the concept model of an easily operated Robotic
Information Home Appliance, called the ApriAlpha
The increasing deployment of broadband networks is ushering in an age of home
networks, integrating networked home appliances, personal computers and
audio-visual equipment. ApriAlpha was developed as a means to make it easy for
people to use these networks, to offer a "robotic information home appliance"
that supports the "human interface". ApriAlpha offers users effortless control
of the home network and all of its equipment.
ApriAlpha has been equipped with multiple communications functions, including
face and speech recognition and voice synthesis technologies, as well
transmission functions supporting control and operation of appliances. The robot
supports such features as connection to the network appliances, remote
surveillance by means of a mobile telephone, and can talk with a person and read
mail and speak out loud. Looking to the future, Toshiba will continue to develop
ApriAlpha, including incorporating functions that make the robot capable of
caring for the ages and doing light household tasks. In this way, we hope to
create a life partner for the elderly persons and to ensure family security.
Caption: The ApriAlpha home robot has speech recognition capabilities and can
follow spoken instructions.
Notebook PC
Enjoy high-resolution moving pictures on this Notebook PC
The dynabookE8 series, a notebook PC aimed at household and personal use, was
released onto the market in April. This feature-loaded notebook PC includes as
standard a DVD Multimedia drive and a 15-inch SXGA+ liquid crystal display, an
invitation to users to enjoy high-resolution movies.
.
The DVD Multimedia Drive supports DVD-RAM, DVD-R and DVD-RW, while the 150inch
SXGA, Clear Super View LCD offers 1400x1050 pixels resolution. High
quality stereo speakers complement the visual capabilities. In addition to
viewing video, the capabilities of the dynabookE8 also allow visual images and
music to be edited and saved. In keeping with the target market, the new
dynabook has a distinctive high quality design, a pearl white and silver finish
that complements any interior living space.
Caption: The dynabook Notebook PC: an invitation to high-resolution video.
Operations start at new plant in China
Production started in April at Toshiba's new portable PC manufacturing facility
in China, Toshiba Information Equipment (Hangzhou) Co. Ltd. Located in Hangzhou
Province, the new plant has the mission of supplying highly competitive products
to the market.
Page 9
Semiconductors
New manufacturing facilities for 300-millimeter wafers to be constructed at Oita
and Yokkaichi.
Toshiba will assure its long-term competitiveness in the semiconductor industry
by investing approximately 350-billion yen over the next four years in new plant
and equipment for 300mm wafers at Oita Operations, the company's System LSI
production facility, and at the Yokkaichi Operations memory plant. The larger
wafers offer the advantage of production yields over twice that of the 200mm
wafers typical of today's semiconductor fabs.
Oita Operations will begin mass production of high performance System LSI for
next generation broadband equipment and other digital products that are expected
to see demand growth from 2004 on. Yokkaichi Operations will start to
mass-produce NAND Flash memories in 2006. Toshiba currently leads the world
market in its share of NAND Flash memories.
Through this investment program, Toshiba will seek to consolidate its leadership
position in the world semiconductor market, and seek to enhance its business and
profitability.
CAPTION: An aerial view of Oita Operations, which manufactures high performance
System LSI for digital products (within the solid lines).
Development of JR Kawasaki Station's West Exit
Redevelopment of the Kawasaki Business Office site will revolutionize the image
of Kawasaki Station's environs
The new Kawasaki Business Office Site next to JR Kawasaki Station will be a
commercial business, residential and business development that completely
changes the image of the community.
In 1908, Tokyo Electric Co. Ltd., one of the two original companies that went on
to become Toshiba, began operation in Kawasaki. In 1945, the name of the site
was changed to Horikawa-cho Works, and until 2000 it served as a base for
manufacturing and technology development. Today, the same site is the Kawasaki
Business Office, and it will shortly undergo complete redevelopment.
Under the plan, the site will be divided into three sections. The central area
will support commercial businesses and entertainment, the east side will be a
residential area and the west side hill be given over to offices.
The central area, the commercial business and entertainment area, will include a
large roof, landmark building. Kawasaki Station's facade will get a facelift,
and the area around the station will get a new, lively image that will promote
further activity and entertainment in the area around the station.
Toshiba Real Estate Co. Ltd. and Mitsui Real Estate Co. Ltd. will guide the
construction, which is expected to start in the fall of 2004.
Caption: Image of the completed commercial business and entertainment area
Page 17
Embracing Environmental Conservation
Zero Waste Emission Achieved
All 18 of Toshiba's domestic business offices and facilities were able to
achieve zero emission of waste, by which less than 1% of total waste is disposed
of in landfill.
Since 2000, Toshiba has made every effort to reduce the total volume of
discharged by-products and waste materials generated by its business activities
that are disposed of to landfill to a level equivalent of 1% or less. Toward
this end, the company has promoted research activities aiming to make effective
use for each and every variety of waste material, to reduce the amount of waste
generated at source, and to maximize reuse and recycling. A Promotion Working
Group initiated in 2001 has subsequently promoted such activities as sharing of
know-how and technology, case studies and horizontal development.
As a result of these activities, the total waste discharge in 2002 was cut to
0.7%, a total of 614 tons. This was against 2.6%, 3184 tons, in 2002. Having
achieved its goal of zero emissions a year ahead of its 2003 target, Toshiba
will now seek to contain waste emissions at the zero level, so as to reduce
burdens on the environment.
Toshiba Environment Report includes a section on the "Voice of the Community".
Toshiba's Research and Development Center in Kawasaki published its "Environment
Sustainability Report 2002." This report following set by the Environmental
Ministry, which call for the report to include third-party opinions and ideas,
includes opinions and ideas suggested by the teachers of regional junior high
schools. This was achieved by promoting open and free discussion with teachers
at regional junior high schools that have put an emphasis on environmental
education. The views expressed in these discussions were published in the
report.
In addition to the report being distributed widely to neighboring areas,
lectures and discussions on the content of the report have been held with local
communities and schools.
Toshiba's Research and Development Center also published the "Children's
Environment Report" for children of elementary-school age. This was distributed
to schools in the Kawasaki School District and follow-up visits were made to
elementary-school classes.
Caption: The Research and Development Center's "Environmental Sustainability
Report 2002"
Page 18
Principal Shareholders. As of March 31, 2003.
Shareholder Name Number of shares, thousand
(percentage of voting rights held)
The Master Trust Bank of Japan, Ltd. (trust accounts) 171,316 (5.3%)
The Dai-Ichi Mutual Life Insurance Company 116,937 (3.6%)
Japan Trustee Services Bank, Ltd. (trust accounts) 116,436 (3.6%)
Nippon Life Insurance Company 104,501 (3.2%)
Sumitomo Mitsui Banking Corporation 76,003 (2.3%)
State Street Bank and Trust Company 58,165 (1.8%)
Toshiba Employees Stocks 53,285 (1.6%)
Ownership Plan
The Chase Manhattan Bank, 51,728 (1.6%)
N.A. London
NIPPONKOA Insurance Co., Ltd. 50,000 (1.5%)
Shinsei Bank, Limited 48,961 (1.5%)
Distribution by shareholders (authorized number of shares) (as of March 31,2003)
Stock Issued
3,219,027 (thousand shares)
Distribution
Financial institutions 41.6%
Securities companies 0.9%
Other corporations 3.5%
Foreign corporations, etc. 16.2%
Private investors, others 37.8%
Members of the Board of Directors and Executive Officers
Taizo Nishimuro* Chairman of the Board and Director
Tadashi Okamura* Director
Yasuo Morimoto* Director
Takeshi Iida Director
Makoto Nakagawa Director
Yuji Kiyokawa Director
Atsutoshi Nishida Director
Tadashi Matsumoto Director
Takeshi Nakagawa Director
Sadazumi Ryu Director
Akinobu Kasami Director
Susumu Terao Director
Sakutaro Tanino Director
Yasuhiko Torii Director
Eiichi Kakei Director
Shunsaku Hashimoto Director
*Executive Officers
Tadashi Okamura Representative Executive Officer, President and Chief Executive Officer
Yasuo Morimoto Representative Executive Officer, Corporate Senior Executive Vice
President
Takeshi Iida Representative Executive Officer, Corporate Senior Executive Vice
President
Makoto Nakagawa Representative Executive Officer, Corporate Senior Executive Vice
President
Yuji Kiyokawa Executive Officer, Corporate Executive Vice President
Atsutoshi Nishida Executive Officer, Corporate Executive Vice President
Tadashi Matsumoto Executive Officer, Corporate Executive Vice President
Takeshi Nakagawa Executive Officer, Corporate Executive Vice President
Susumu Kohyama Executive Officer, Corporate Executive Vice President
Masaki Matsuhashi Executive Officer, Corporate Senior Vice President
Tsuyoshi Kimura Executive Officer, Corporate Senior Vice President
Toshitake Takagi Executive Officer, Corporate Senior Vice President
Sadazumi Ryu Executive Officer, Corporate Senior Vice President
Masao Niwano Executive Officer, Corporate Senior Vice President
Tsutomu Miyamoto Executive Officer, Corporate Senior Vice President
Makoto Azuma Executive Officer, Corporate Senior Vice President
Shigeoeo Koguchi Executive Officer, Corporate Senior Vice President
Yoshiaki Sato Executive Officer, Corporate Senior Vice President
Yoshihiro Nitta Executive Officer, Corporate Senior Vice President
Shinsuke Kawamura Executive Officer, Corporate Vice President
Ginzo Yamazaki Executive Officer, Corporate Vice President
Yasusuke Sumitomo Executive Officer, Corporate Vice President
Masamichi Katsurada Executive Officer, Corporate Vice President
Katsuji Fujita Executive Officer, Corporate Vice President
Shunsuke Kobayashi Executive Officer, Corporate Vice President
Toru Uchiike Executive Officer, Corporate Vice President
Hisatsugu Nonaka Executive Officer, Corporate Vice President
Mutsuhiro Arinobu Executive Officer, Corporate Vice President
Fumio Muraoka Executive Officer, Corporate Vice President
Ichiro Tai Executive Officer, Corporate Vice President
Nobuhiro Yoshida Executive Officer, Corporate Vice President
Toshinori Moriyasu Executive Officer, Corporate Vice President
Masao Namiki Executive Officer, Corporate Vice President
Hisayoshi Fuwa Executive Officer, Corporate Vice President
Hisayoshi Fuwa Executive Officer, Corporate Vice President
Share Administration Information
End of Fiscal Year: March 31
Closing of Register of Shareholders and Fixing Record Date
Stockholders meeting: March 31
Dividend payment date: March 31
Mid-term dividend payment date: September 30
Others: To be announced
Stock Transfer Closing Date: To be announced
Stock transfer closing date: To be announced
Newspaper of record: Nihon Keizai Shimbun, published in Tokyo
Stock Transfer Agent: The Chuo Mitsui Trust and Banking Company, Limited., 33-1
Shiba 3-Chome Minato-ku Tokyo
Administration Agent: The Chuo Mitsui Trust and Banking Company, Limited., Bond
and Certificate Handling Division, 8-4 Izumi 2-Chome Suginami-ku Tokyo 168-0063.
Tel: 81-03-3323-7111
Agents
The Chuo Mitsui Trust and Banking Company, Limited., all branches
Nihon Shoken Daikou Co., Ltd., head office and branch offices
Number of Stocks per Unit: 1000 shares
New stock issue fee: JP/ Y250 per stock; gratis in the case of consolidation of
shares.
NOTICE
Changes of address, claims for unsold units of stock that do not meet the number
of required shares, requests for stock transfers and requests for paperwork
required for dividend payment can be made by calling the stock transfer
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Toshiba Corporation
Toshiba
1-1 Shibaura 1-chome, Minato-ku, Tokyo 105-8001
(03) 3457-4511
Toshiba Web site: http://www.toshiba.co.jp/
Investor information Web site: http://www.toshiba.co.jp/about/ir/ index.htm
(Consolidated balance sheets and profit/loss data can be viewed at the investor
information web site)
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