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55
Report of Independent Auditors
The Board of Directors and Shareholders of
Toshiba Corporation
We have audited the accompanying consolidated balance sheets of Toshiba Corporation and subsidiaries (the
“Company”) as of March 31, 2009 and 2008, and the related consolidated statements of income, shareholders’ equi-
ty, and cash flows for the years then ended, all expressed in Japanese yen. These consolidated financial statements
are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States. Those stan-
dards require that we plan and perform the audit to obtain reasonable assurance about whether the financial state-
ments are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
The Company’s consolidated financial statements do not disclose segment information required by Statement of
Financial Accounting Standards No. 131, “Disclosures about Segments of an Enterprise and Related Information.”
In our opinion, disclosure of segment information is required by U.S. generally accepted accounting principles.
In our opinion, except for the omission of segment information discussed in the preceding paragraph, the financial
statements referred to above present fairly, in all material respects, the consolidated financial position of Toshiba
Corporation and subsidiaries at March 31, 2009 and 2008, and the consolidated results of their operations and their
cash flows for the years then ended in conformity with U.S. generally accepted accounting principles.
We also have reviewed the translation of the consolidated financial statements mentioned above into United States
dollars on the basis described in Note 3. In our opinion, such statements have been translated on such basis.
June 24, 2009