Tokyo--Toshiba Corporation today issued revised consolidated and non-consolidated business forecasts for the first half of fiscal year to March 31, 2006. Today's announcement revises the forecast that Toshiba issued with the announcement of its results for the first quarter of FY2005, on July 28, 2005. The key points are as in the table below.

1. Consolidated forecast

1st Half FY2005 (Apr. 1, 2005 through Sept. 30, 2005)

(¥billion)

(Note)

From FY2005, income (loss) before income taxes and minority interest includes equity in earnings of affiliates, which was not included until FY2004. The impact of this change of presentation is plus 0.1 billion yen for the first half of FY2004 and plus 6.5 billion yen for the first half of FY2005. The above comparison with the year-earlier period is based on the new accounting presentation.

2. Non-consolidated forecast

1st Half FY2005 (Apr. 1, 2005 through Sept. 30, 2005)

(¥billion)

3. Reasons for revision
The Electronic Devices segment including the semiconductor business, and the Social Infrastructure segment, including the industrial and power systems & services and medical systems businesses, are moving forward more strongly than originally anticipated. As a result, Toshiba Corporation will see higher consolidated and non-consolidated figures over the previous forecast.

Interim dividend for FY2005 is expected to remain at 3.00 Japanese yen per share, as announced on September 16, 2005.

Disclaimer:
This report 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. Furthermore, they are subject to a number of risks and uncertainties. Toshiba therefore wishes to caution readers that actual results may 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.

• 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;
• Major disasters, including earthquakes and typhoons;
• Rapid changes in the supply/demand situations 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.