Toshiba Corporation
26 July 2006



                                                                   July 26, 2006



Atsutoshi Nishida, President & CEO
Toshiba Corporation
1-1-1 Shibaura, Minato-ku, Tokyo, Japan

Contact: Naoto Hasegawa, General Manager,
Corporate Communications Office
Phone: 81 3 3457 2096



                  Closure of MT Picture Display (M) Sdn. Bhd.



MT Picture Display (M) Sdn. Bhd. (MTPDM) a Malaysian subsidiary of Matsushita
Toshiba Picture Display Co., Ltd. (MTPD), a joint venture of Matsushita Electric
Industrial Co., Ltd. and Toshiba Corporation, will discontinue operations in
August 2006, and initiate liquidation procedures.



MTPDM manufactures cathode ray tubes (CRTs) for 21- to 32-inch TVs that are
exported to the Japanese and North American markets. The company faces declining
demand for CRTs and intensified price competition from fast growing sales of
flat-panel TVs in the markets it supplies. MTPDM's closure is part of MTPD's
continuing restructuring initiative to realize an optimized CRT manufacturing
structure in Asia and China.



  As a result of this closure, Toshiba will not revise either of its
consolidated or non-consolidated financial forecasts (announced on April 28,
2006) for the year ending March 31, 2007.





Note:



                             MTPDM Company Overview



1.   Basic Information (as of June 30, 2006)



Company name                           MT Picture Display (M) Sdn. Bhd.
Representative                         Tetsuo Hasegawa, Managing Director
Location of head office                Shah Alam, Selangor Darul Ehsan, Malaysia
Date of incorporation                  October 9, 1990
Principal business                     Manufacture and sales of CRTs for TVs
Share capital                          RM 1,025,000,000
Number of employees                    2,162
Outstanding shares                     1,025,000,000 shares
Shareholder's equity                   RM 1,025,000,000
Total assets                           RM 200,428,000
Financial closing date                 March 31
Shareholders (% ownership)             Matsushita Toshiba Picture Display Co., Ltd. 100%
Principal customers                    Group companies of MEI, Toshiba and JVC, and others
Financial Institution                  Panasonic Financial Centre (Malaysia) Sdn. Bhd.



2. Financial Results (for the most recent three fiscal years)



 (thousands of RM, except per share amounts, which are in RM)
                         Fiscal year ended:         March 2004           March 2005           March 2006
Sales *                                                  743,331            1,102,884              972,959
Income (loss) before taxes *                            (38,640)             (65,583)            (114,266)
Net income (loss) *                                     (38,640)            (158,365)            (969,422)
Net income (loss) per share                               (0.04)               (0.15)               (0.95)
Cash dividends per share                                     ---                  ---                  ---
Shareholders' equity per share                             0.002               (0.15)               (1.10)

 (Note) * Amounts less than RM 1,000 have been omitted.



This document is a translation of the Japanese-language original document that
was submitted to the Tokyo Stock Exchange on the date at the head of this
document.


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

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