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71
TOSHIBA Annual Report 2013
Ernst & Young ShinNihon LLC
Hibiya Kokusai Bldg.
2-2-3 Uchisaiwai-cho
Chiyoda-ku, Tokyo, Japan 100-0011
Tel : +81 3 3503 1100
Fax: +81 3 3503 1197
Report of Independent Auditors
The Board of Directors and Shareholders of
Toshiba Corporation
We have audited the accompanying consolidated financial statements of Toshiba Corporation and
subsidiaries (the “Group”), which comprise the consolidated balance sheets as of March 31, 2013 and
2012, and the related consolidated statements of income, comprehensive income, equity, and cash flows
for the years then ended, and the related notes to the consolidated financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
conformity with U.S. generally accepted accounting principles; this includes the design, implementation,
and maintenance of internal control relevant to the preparation and fair presentation of financial
statements that are free of material misstatement, whether due to fraud or error.
Auditor’s Responsibility
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 standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of significant accounting estimates made by management, as well
as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Toshiba Corporation and subsidiaries at March 31, 2013 and 2012,
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.
Convenience Translation
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 25, 2013