8 TOSHIBA CORPORATION GROWTH POLICIES THAT MAKE TOSHIBA A WINNER GROWTH POLICIES THAT MAKE TOSHIBA A WINNER Vision and Direction Major Business Domains Goals for Fiscal 2005 Low growth around the world has gradual- ly given way to the current state of global stagnation. Seeking opportunity in adversi- ty, Toshiba has used its 01 Action Plan to promote concerted efforts to boost profit- ability and to improve its financial position. Launched in fiscal 2001, the Plan has fostered vigorous reforms in Toshiba’s business structure, achieved significant re- ductions in procurement and fixed costs, and supported an “asset-light” strategy that has trimmed property and other assets. Our recent mid-term business plan defines three key business domains. The digital products and electronic devices domains are both high-growth areas; the first as a source of the products of tomorrow, the second of the key technologies that help to realize them. In the social infrastructure do- main, we expect to see continued stable growth. Toshiba will promote expansion in all of these domains by channeling manage- ment resources into them, particularly the high-growth domains. Our goal in digital products and electronic devices is clear: a top-three position in terms of sales in the world market in key product areas. We will achieve this through growth rates that surpass those of the mar- ket, with the expectation of achieving Management innovation and maximization of management resources will support Toshiba as it promotes forward-looking reforms. Through this approach, we will reach a balance in our high-growth and stable-growth domains and take our place among other high-profit companies. October 2003 Business Reorganization Digitad Products Businesses Digitad Products Businesses =-o =-o Teahiba Conoraton