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Regarding the Sale of Certain Shares Held by Toshiba

Press Release   •   Jan 15, 2018 00:08 GMT

TOKYO—Toshiba Corporation (TOKYO: 6502) hereby announces the final number of shares sold and the sales price with respect to the sale (the “Sale”) of its certain shareholding in Shibaura Mechatronics Corporation (“Shibaura Mechatronics”), a Toshiba affiliate company accounted for by the equity method, announced in "Regarding the Sale of Certain Shares Held by Toshiba" dated December 4, 2017.

With the completion of the Sale, Shibaura Mechatronics will no longer be a Toshiba’s affiliate company accounted for by the equity method.

1. Number of shares sold
13,784,000 shares of common stock of Shibaura Mechatronics (approx. 26.54% of issued shares) from Toshiba’s former holdings of 18,977,463 shares (approx. 36.54% of issued shares)

2. Purchasers
Shibaura Mechatronics: 4,888,000 shares
Domestic offering* 4,699,000 shares
Shin-Etsu Engineering Co., Ltd.: 2,597,000 shares
NuFlare Technology, Inc.: 1,600,000 shares
* This includes the number of the shares sold by the exercise of the Greenshoe option that Toshiba granted to SMBC Nikko Securities Inc., the lead manager and underwriter, in relation to the offering by way of over-allotment.

3. Future outlook
The sales price per share was 425.89 yen (weighted average), and Toshiba will account for a total sales price of approximately 5.2 billion yen and profit before tax of approximately 2.2 billion yen in its consolidated accounts, taking into consideration the sale of shares to NuFlare Technology, Inc., Toshiba’s consolidated subsidiary. The profit from the Sale does not require a change in Toshiba’s consolidated business results forecasts for FY2017, ending March 31, 2018 announced on November 9, 2017.

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This announcement contains forward-looking statements concerning future plans, strategies and the performance of Toshiba Group. These statements are based on management’s assumptions and beliefs in light of the economic, financial and other data currently available. Since Toshiba Group is promoting business under various market environments in many countries and regions, they are subject to a number of their risks and uncertainties. Toshiba therefore wishes to caution readers that actual results might differ materially from our expectations. Major risk factors that may have a material influence on results are indicated below, though this list is not necessarily exhaustive.
• Major disasters, including earthquakes and typhoons;
• Disputes, including lawsuits, in Japan and other countries;
• Success or failure of alliances or joint ventures promoted in collaboration with other companies;
• Success or failure of new businesses or R&D investment;
• Changes in political and economic conditions in Japan and abroad; unexpected regulatory changes;
• Rapid changes in the supply and demand situation in major markets and intensified price competition;
• Significant capital expenditure for production facilities and rapid changes in the market;
• Changes in financial markets, including fluctuations in interest rates and exchange rates.

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About Toshiba

For over 140 years, Toshiba Corporation has contributed to a sustainable future by applying innovative technologies to value creation. Today, our business domains are centered on the essential infrastructure that supports modern life and society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations that contribute to realization of a world where generations to come can live better lives.

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