Toshiba Corp.: Dividend Plan

September 17, 2010 Norio Sasaki President & CEO Toshiba Corporation 1-1-1 Shibaura, Minato-ku, Tokyo, Japan Contact: Naoto Hasegawa, General Manager Corporate Communications Office Tel: 81 3 3457 2096 Notice on Plan for Dividend (Interim Dividend) TOKYO-Toshiba Corporation has announced that its Board of Directors, meeting today, has provisionally decided to pay an interim dividend of 2 yen per share to shareholders recorded in the shareholder registry as of September 30, 2010. Dividends per share Record date End of 2Q, FY2010 (September 30) Year-end (March 31) Full year Previous forecast Not decided Not decided Not decided Updated plan (as of Sept.17) 2 Yen Not decided Not decided Actual dividends for FY2009 ended March 2010 0 Yen 0 Yen 0 Yen 2. Reasons for decision The business performance in this fiscal year has seen steady progress so far, on both consolidated and non-consolidated bases, and we expect to secure a reasonable level of profit for the first half. While considering the strategic investments necessary for mid- to long-term growth and other factors, we have given full consideration to this performance and to our shareholders' expectations and provisionally decided to pay an interim dividend of 2 yen per share for shareholders recorded in the shareholder registry on September 30, 2010. The year-end dividend will be considered in the light of coming developments in the overall economy, the financial position of the Group and other relevant factors, and will be disclosed as soon as it has been determined. Toshiba will prepare Temporary Financial Statements (non-consolidated) so that the Company can include net income (non-consolidated) for the first half of FY2010 into the Distributable Amount, in accordance with Companies Act of Japan.Therefore, Toshiba now plans to announce its second quarter and first half results on November 9, 2010. 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 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. # # #... Read more