Shibaura Mechatronics

RNS Number:5260R
Toshiba Corporation
31 October 2003

                                                                October 31, 2003

                                                             Toshiba Corporation



    Toshiba to Sell Part of Its Holding in Shibaura Mechatronics Corporation



On October 24, 2003, Toshiba Corporation announced that it proposed to sell off
part of its holding in Shibaura Mechatronics Corporation (Headquarters: Yokohama
City, Kanagawa, President: Hiroo Okuhara, Stock Code: 6590). The sale of the
stock is scheduled for November this year.


In addition to that announcement, we hereby inform you of the following:


1. Toshiba's November sale of Shibaura Mechatronics' stock will dilute Toshiba's
holding from 46.92% to 37.93%. After the sale, and in accordance with accounting
principles generally accepted in the United States of America, Shibaura
Mechatronics will become an affiliated company of Toshiba, a change from its
current status as consolidated subsidiary.


2. Toshiba and Shibaura Mechatronics will nonetheless work together under the
same corporate philosophy of Toshiba group.


For the reference, the following provides a brief outline of Toshiba's October
24 announcement.


1. Number of Stock to be sold:  4,500,000 *

* 8.99% of Shibaura Mechatronics' total outstanding stock.

2. Timing for Sellout:

  The timing of the sale will be made with consideration for its impact on the
stock market.

3. Reason for Sellout:

  The sale of the stock will support Toshiba in its effort to reduce
liabilities. It will also bring greater liquidity to Shibaura Mechatronics'
stock by widening ownership and increasing its marketability. The decision on
the sale was mutually agreed by Toshiba and Shibaura Mechatronics.


Press Contact: Corporate Communications Office: [e-mail]





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