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12
To Our Shareholders:
Toshiba adopted “TOSHIBA Leading Innovation” as its corporate brand tagline to clearly demon-
strate the value that we promise to our customers and society and to emphasize that through
continuous innovation in all areas of its business activities Toshiba is determined to attain sus-
tained growth with high profit. With Digital Products, Electronic Devices and Social Infrastructure
positioned as our core domains, we are striving to achieve sustained growth and high profit in
each of our business segments.
In fiscal year 2007, consolidated net sales were ¥7,668 billion (an increase of ¥552 billion over
the previous fiscal year), consolidated operating income was ¥238 billion (a decrease of ¥20 billion
from the previous fiscal year), and consolidated net income was ¥127 billion (a decrease of ¥10 bil-
lion from the previous fiscal year). Consolidated net sales set a new record and grew at the rate of
7.8% over that of the previous year. Among our consolidated net sales, the share of sales outside of
Japan exceeded 50% for the first time ever, reaching 52%. However, consolidated operating
income and consolidated net income for the current term both came in below the figures
achieved in the previous fiscal year. Looking ahead, we will implement management policies
driven by a strong determination to overcome any challenges we might face, while remaining
firmly committed to the goal of achieving sustained growth with high profit.
Toshiba announced its mid-term business plan to FY2010 in May 2008. Goals for the final year
of the plan include achieving consolidated net sales of ¥10 trillion with consolidated operating
income of ¥500 billion. Toward achieving these targets, we are placing strong management
emphasis on achieving higher growth and making strategically effective allocation of resources.
We continue to consider the fulfillment of Corporate Social Responsibility as one of the main
concepts of our basic management policy. In November 2007, we released “Toshiba Group’s Envi-
ronmental Vision 2050,” and expressed our commitment toward the goal of helping people lead
culturally rich lifestyles in harmonious coexistence with the Earth by the year 2050. In all our busi-
ness activities, we not only are thoroughly committed to respect for human life and safety as well
as full legal compliance, but we also are taking a leading role in the realization of a sustainable
society by seriously addressing environmental problems as a “corporate citizen of planet Earth.”
We would like to ask all our shareholders to continue to provide us with their continued strong
support and understanding.
Tadashi Okamura
Chairman of the Board of Directors
Atsutoshi Nishida
Director, President and CEO