Returns to Shareholders and Dividend

Dividend

Basic Policy on Profit Distribution

Toshiba, while giving full consideration to such factors as the strategic investments necessary to secure medium- to long-term growth, seeks to achieve continuous increases in its actual dividend payments, in line with a payout ratio in the region of 30 percent, on a consolidated basis.

(¥)

Dividend	2010/3	2011/3	2012/3	2013/3	2014/3
Total dividend per share	0.0	5.0	8.0	8.0	8.0
Interim dividend (Payment : December of the fiscal year)	0.0	2.0	4.0	4.0	4.0
Year-end dividend (Payment : June of next fiscal year)	0.0	3.0	4.0	4.0	4.0
Payout ratio (consolidated) (%)	-	15.4	48.4	43.8	66.7

Stock Repurchase

We are not repurchasing stock at this time.

Hospitality Programs for Shareholders

We do not have hospitality programs for shareholders at this time.

This Web site contains projections of business results, statements regarding business plans and other forward-looking statements. This information is based on certain assumptions, such as the economic environment, business policies and other factors, as of the date when each document was posted. Actual results may differ significantly from the estimates listed here.