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TOSHIBA ANNUAL REPORT 1999
Page
38.
CONTENTS
TO OUR SHAREHOLDERS 1
A NEW LOOK. A NEW TOSHIBA. 7
IN-HOUSE COMPANY SYSTEM 8
INFORMATION AND INDUSTRIAL SYSTEMS
& SERVICES COMPANY 10
DIGITAL MEDIA EQUIPMENT & SERVICES COMPANY 12
POWER SYSTEMS & SERVICES COMPANY 14
SEMICONDUCTOR COMPANY 16
DISPLAY DEVICES & COMPONENTS COMPANY 18
MEDICAL SYSTEMS COMPANY 20
HOME APPLIANCES COMPANY 22
ELEVATOR AND BUILDING SYSTEMS COMPANY 24
FINANCIAL HIGHLIGHTS 26
REVIEW OF OPERATIONS 27
INFORMATION & COMMUNICATION SYSTEMS 27
ELECTRONIC DEVICES & MATERIALS 28
POWER & INDUSTRIAL SYSTEMS 29
CONSUMER PRODUCTS 30
SERVICES & OTHER 31
RESEARCH & DEVELOPMENT 32
ENVIRONMENTAL INITIATIVES 34
BOARD OF DIRECTORS, EXECUTIVE OFFICERS
AND CORPORATE AUDITORS 36
MANAGEMENT’S DISCUSSION & ANALYSIS 37
CONSOLIDATED FINANCIAL STATEMENTS 46
GLOBAL NETWORK 66
CONSOLIDATED SUBSIDIARIES 68
INVESTOR REFERENCE 69
All dollar figures herein refer to U.S.
currency.
Yen amounts have been translated
into U.S. dollars, for convenience only,
at the rate of ¥121=US$1.
BASIC COMMITMENT
OF THE TOSHIBA GROUP
We, the Toshiba Group companies, based on our total commitment to
people and to the future, are determined to help create a higher quality of
life for all people, and to do our part to help ensure that progress continues
within the world community.
COMMITMENT TO PEOPLE
We endeavor to serve the needs of all people, especially our customers,
shareholders, and employees, by implementing forward-looking
corporate strategies while carrying out responsible and responsive
business activities. As good corporate citizens, we actively contribute to
further the goals of society.
COMMITMENT TO THE FUTURE
By continually developing innovative technologies centering on
the fields of Electronics and Energy, we strive to create products
and services that enhance human life, and which lead to a thriving,
healthy society. We constantly seek new approaches that help realize the
goals of the world community, including ways to improve the global
environment.
Committed to People,
Committed to the Future.
FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements concerning Toshiba’s future plans, strategies and
performance. These forward-looking statements are not historical facts, rather they represent assumptions
and beliefs based on economic, financial and competitive data currently available. Furthermore, they are
subject to a number of risks and uncertainties that, without limitation, relate to economic conditions,
worldwide mega-competition in the electronics business, customer demand, foreign currency exchange
rates, the Year 2000 issue, tax rules, regulations and other factors. Toshiba therefore wishes to caution
readers that actual results may differ materially from our expectations.