CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY Toshiba Corporation and its subsidiaries CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY TOSHIBA CORPORATION 37 Millions of yen Accumulated Additional other Common paid-in Retained comprehensive Treasury stock capital earnings loss stock Total Balance at March 31, 2001 ¥ 274,921 ¥ 285,732 ¥ 713,667 ¥ (226,395) ¥1,047,925 Conversion of convertible debentures 5 4 9 Comprehensive income (loss): Net loss (254,017) (254,017) Other comprehensive income (loss), net of tax (Note 17)— Unrealized gains on securities (Note 4) (3,542) (3,542) Foreign currency translation adjustments 13,987 13,987 Minimum pension liability  adjustment (Note 10) (80,754) (80,754) Unrealized losses on derivative  instruments (2,088) (2,088) Comprehensive loss (326,414) Cash dividends (16,095) (16,095) Purchase of treasury stock, at cost ¥(111) (111) Balance at March 31, 2002 274,926 285,736 443,555 (298,792) (111) 705,314 Comprehensive income (loss): Net income 18,503 18,503 Other comprehensive income (loss), net of tax (Note 17)— Unrealized gains on securities (Note 4) (9,550) (9,550) Foreign currency translation adjustments (17,638) (17,638) Minimum pension liability  adjustment (Note 10) (125,130) (125,130) Unrealized losses on derivative  instruments 335 335 Comprehensive loss (133,480) Purchase of treasury stock, at cost (770) (770) Balance at March 31, 2003 ¥ 274,926 ¥ 285,736 ¥ 462,058 ¥ (450,775) ¥ (881) ¥ 571,064 For the years ended March 31, 2003 and 2002 Thousands of U.S. dollars (Note 3) Accumulated Additional other Common paid-in Retained comprehensive Treasury stock capital earnings loss stock Total Balance at March 31, 2002 $2,291,050 $2,381,133 $3,696,292 $(2,489,933) $ (925) $5,877,617 Comprehensive income (loss): Net income 154,192 154,192 Other comprehensive income (loss), net of tax (Note 17)— Unrealized gains on securities (Note 4) (79,583) (79,583) Foreign currency translation adjustments (146,983) (146,983)  Minimum pension liability  adjustment (Note 10) (1,042,751) (1,042,751) Unrealized losses on derivative  instruments 2,792 2,792 Comprehensive loss (1,112,333) Purchase of treasury stock, at cost (6,417) (6,417) Balance at March 31, 2003 $2,291,050 $2,381,133 $3,850,484 $(3,756,458) $(7,342) $4,758,867 The accompanying notes are an integral part of these statements.