Toshiba Announces Consolidated and Non-Consolidated Results for Fiscal Year Ended March 2004

Toshiba’s consolidated sales were 5,579.5 billion yen (US$52,637 million), 76.3billion yen lower than in the previous fiscal year. However, results for the previous year included sales of approximately 176.0 billion yen from businesses that are no longer consolidated, including the cathode-ray tube and the industrial electric and automation systems businesses, which were transferred to joint ventures. If those businesses were included in the consolidation, net sales would show an increase ofapproximately 2%.

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