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IR News

November 30, 2005

Notice of Restructuring Plan at a Toshiba Affiliate Company

Notice is hereby served that Toshiba Corporation (hereafter Toshiba) has accepted a business restructuring plan for subsidiaries of Matsushita Toshiba Picture Display Co., Ltd (MTPD), a joint venture of Matsushita Electric Industrial Co., Ltd. (MEI) and Toshiba.

Outline of the business restructuring
MTPD decided to terminate operations at its wholly owned subsidiaries, MT Picture Display Germany GmbH (MTPDG) and MT Picture Display Corporation of America (Ohio) (MTPDA (OH)). The cathode ray tube (CRT) business faces severe price and market erosion, due to the increasing popularity of flat-panel TVs, and MTPD's decision is part of its global restructuring initiative to overcome these circumstances.
Future prospects
The consolidated and non-consolidated FY2005 forecasts that Toshiba issued on April 28, 2005 remain unchanged.

Outline of MTPD

Company Name:	Matsushita Toshiba Picture Display Co., Ltd.
Headquarters:	Takatsuki City, Osaka
President:	Tatsuo Tobinaga
Business:	Manufacture and sales of CRT
Capital:	10 billion yen (as of the end of September 2005)
Shareholders:	MEI 64.5%; Toshiba 35.5%

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