Financial Results for the Fiscal Year Ended March 31, 2024 [Japan GAAP] (Consolidated)
May 15, 2024
Company Name:
Fukoku Co., Ltd.
Securities Code:
5185
Representative:(Title)President & CEO
Contact:(Title)General Manager of Finance Department
Scheduled date of Annual Meeting of Shareholders:
Scheduled filing date of the securities report:
Scheduled commencement date of dividends payment:
Supplementary materials for financial results::
Financial results briefing::

Exchange listed on:
Tokyo Stock Exchange
URL
https://www.fukoku-rubber.co.jp/(Name) Ikuo Oshiro(Name) Yukio Yamazaki(TEL) 048-615-4400
June 26, 2024
June 26, 2024
June 11, 2024
Yes
Yes (For institutional investors and analysts)(Amounts rounded down to the nearest millions of yen.)

1. Consolidated Financial Results for the Fiscal Year Ended March 2024 (From April 1, 2023 to March 31, 2024)(1) Consolidated Operating Results(Percentages represent year-on-year changes.)
Net sales
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023
(Note) Comprehensive
incomeOperating profit

Profit attributable to ownersof parent

Ordinary profit

million yen%

million yen%

million yen%

million yen%

88,847

7.9

3,646

81.4

4,094

30.4

3,050

42.9

82,318

15.1

3,139

24.4

Fiscal year ended
March 31, 2024

2,010

14.9

4,928 million yen
Profit per share –dilutedProfit per shareyen[14.0%]

Fiscal year ended
March 31, 2023

2,135
4,322 million yen

2.4[24.4%]

Profit to shareholders’equityOrdinary profit to total
assetsOperating profit to net
sales

%

%

%

yen

Fiscal year ended
189.358.1
5.5
4.1
March 31, 2024
Fiscal year ended
132.61
6.3
4.6
2.4
March 31, 2023
(Reference) Equity method investment gain (loss): Fiscal year ended March 31, 2024 71 million yen Fiscal year ended March 31, 2023 35 million yen(2) Consolidated Financial Positions
Total assets

Net assets

million yen

As of March 31, 2024
76,033As of March 31, 2023
71,530(Reference) Shareholders’ equity Fiscal year ended March 31, 2024

Shareholders’ equity ratio

Net assets per share

million yen%

yen

42,01037,95252.0
49.8

2,453.38
2,211.12

39,537 million yen Fiscal year ended March 31, 2023

35,619 million yen(3) Consolidated Cash Flows
Cash flow from operating
activities

Cash flow from investing
activities

Cash flow from financing
activities

Cash and cash equivalents at
end of period

million yen

million yen

million yen

million yen

8,843-4,466-2,781

11,3993,515-3,988753

9,478

Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

2. Dividends
Annual dividends

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(forecast)

Total amount of Dividend payout
annualratio
dividends(consolidated)

Ratio of dividends to
net assets(consolidated)

End of Q1
yen

End of Q2
yen

End of Q3
yen

End of Q4

Total

yen

yen

million yen

%

%

-

27.00

-

23.00

50.00

805

37.7

2.4

-

27.50

-

32.50

60.00

966

31.7

2.6

-

37.50

-

37.50

75.00

32.2

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(Percentages represent year-on-year changes.)
Net sales

Full year

Operating profit

Profit attributable toowners of parent

Ordinary profit

Profit per share

millionyen%

millionyen%

millionyen%

million
yen

%

Yen

93,000

4.7

4,800

31.6

4,800-

17.2

3,750

22.9

232.69

* Notes(1) Changes in major subsidiaries during the fiscal year under review (Change in
specific subsidiaries that will accompany a change in scope of consolidation)
(2)

(3)

Change in accounting policies or estimates and retrospective restatements(i) Change in accounting policies in accordance with revision of accounting standards(ii) Change in accounting policies other than item i) above(iii) Change in accounting estimates(iv) Retrospective restatements

:

None

:
:
:
:

None
None
None
None

Number of shares issued (common shares)(i) Number of shares issued at the end of the period(including treasury shares)(ii) Number of treasury shares at the end of theperiod(iii) Average number of shares issued during theperiodFiscal year
ended March
31, 2024
Fiscal year
ended March
31, 2024
Fiscal year
ended March
31, 2024

17,609,130
shares1,493,462
shares16,112,651
sharesFiscal year
ended March
31, 2023
Fiscal year
ended March
31, 2023
Fiscal year
ended March
31, 2023

17,609,130
shares1,500,004
shares
16,103,509
shares(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Fiscal Year Ended March 2024 (From April 1, 2023 to March 31, 2024)(Percentages represent year-on-year changes.)(1) Non-Consolidated Business Results
Net sales
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

Operating profit

Ordinary profit

Profitmillion yen%

million yen%

million yen%

million yen%

35,692

6.3

595

-

2,698

66.8

2,400

34.6

33,585

5.1

-292

-

1,617

50.7

1,783

116.0

Profit per share
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

Profit per share – diluted
yen

yen

148.97-110.77-(2) Non-Consolidated Financial Position
Total assets
million yen

As of March 31,
37,5722024
As of March 31,
35,443
2023
Shareholders’ Fiscal year ended(Reference)equityMarch 31, 2024***

Net assets

Shareholders’ equity ratio

Net assets per share

million yen%

yen

21,56657.4

1,338.22

19,87456.1

1,233.75

21,566 million yen

Fiscal year ended
March 31, 2023

19,874 million yen

Financial results are not subject to auditing performed by a Certified Public Accountant or audit firm.
Explanation of appropriate use of operating results forecasts and other special notes
Any forward-looking statements, such as the financial results outlook, included in this material are based on information
the Company presently has and certain assumptions the Company considers reasonable, and they do not constitute a
promise that the Company will achieve them. In addition, the actual financial results may differ significantly due to various
factors. For assumptions for operating results forecasts and points to consider in utilizing them, please see “1. Overview ofoperating results, etc., (4) Future outlook” on Page 3 of the attachments.

This document is an English translation of a statement initially written in Japanese. The Original Japanese
document should be considered as the primary version.

1

○ Table of Contents of Attachments
1. Overview of Operating Results, etc. ················································································· 2(1) Overview of operating results for the fiscal year under review ············································· 2(2) Overview of financial position for the fiscal year under review ············································ 3(3) Overview of cash flows for the fiscal year under review ····················································· 3(4) Future outlook ······································································································ 3(5) Basic policy for appropriation of profits and dividends for the fiscal year under review andnext fiscal year ····································································································· 4
2. Basic Approach towards Selection of Accounting Standard ······················································ 4
3. Consolidated Financial Statements and Key Notes ································································ 5(1) Consolidated balance sheet ······················································································· 5(2) Consolidated statement of income and consolidated statement of comprehensive income ·············· 7
Consolidated statement of income ············································································ 7
Consolidated statement of comprehensive income ······················································· 8(3) Consolidated statement of changes in equity ·································································· 9(4) Consolidated statement of cash flows ·········································································· 11(5) Notes to consolidated financial statements ···································································· 13(Notes to assumptions for ongoing concerns) ······························································· 13(Segment information) ·························································································· 13(Per-share information) ························································································· 16(Important subsequent events) ················································································· 16

11. Overview of Operating Results, etc.
(1) Overview of operating results for the fiscal year under review
During the fiscal year under review, the Japanese economy recovered slowly and began to return to normal as COVID-19
restrictions on activity and overseas travel were lifted. Nevertheless, prospects remain uncertain due to prolonged geopoliticalinstability, sustained inflation driven by soaring resource prices, and fluctuations in financial capital markets.
In the automobile industry, the ongoing resolution of the semiconductor shortage helped drive recovery in production volumes.
We have conducted aggressive R&D investments and initiatives to promote electric vehicles, but a shift in demand from electric tohybrid vehicles was observed in certain regions.
Under these economic circumstances, despite the slowing Chinese economy and persistent high raw material costs driven bysurging resource prices, Group income benefited from higher gains on foreign exchange conversions due to the weakening yen anddecreasing automotive production adjustments in response to the wider availability of semiconductors.
Regarding financial results for the fiscal year under review, consolidated net sales grew 7.9% year on year to 88,847 million yen
due to decreasing effects of production adjustments by automakers and the impact of foreign exchange rates. Operating profit grew
81.4% year on year to 3,646 million yen, with efforts to streamline operations and pass on costs offsetting the impact of the risingcost of fuel and raw materials. Operating profit grew 30.4% year on year to 4,094 million yen. Profit attributable to owners of theparent grew 42.9% year on year to 3,050 million yen.
Quarterly data

Given below is the Group’s business performance by segment.
Functional Parts BusinessNet sales grew 10.2% year on year to 36,770 million yen due to recovering production at automakers and the impact of foreign
currency translation. Segment income grew 45.5% year on year to 3,914 million yen, with efforts to streamline operations and passon costs offsetting the impact of the rising cost of raw materials.
Anti-Vibration Parts BusinessNet sales grew 7.9% year on year to 37,472 million yen due to increased demand in Southeast Asia, India, and the US, as well as
the impact of foreign currency translation. Segment income grew 38.0% year on year to 2,089 million yen, with efforts to streamline
operations and pass on costs offsetting the impact of the rising cost of materials for metal parts.
Metal BusinessNet sales grew 4.0% year on year to 6,737 million yen due to steady orders for construction machinery. Segment income increased
840.0% year on year to 22 million yen, with efforts to streamline operations and pass on costs offsetting the impact of the risingcost of materials for metal parts.
Hose BusinessNet sales grew 4.6% year on year to 5,373 million yen due to a steady stream of orders. Segment income grew 62.8% year on
year to 190 million yen, with efforts to streamline operations and pass on costs offsetting the impact of the rising cost of raw
materials.
2Industrial Equipment BusinessNet sales fell 1.5% year on year to 3,327 million yen due primarily to declining demand for OA products in China and Southeast
Asia, despite domestic steady orders for medical products. Segment income grew 12.2% year on year to 681 million yen, withefforts to streamline operations and pass on costs offsetting the impact of the rising cost of raw materials.
(2) Overview of financial position for the fiscal year under review
Assets, liabilities and net assets(Assets)
Total assets increased by 4,503 million yen from the end of the previous fiscal year to 76,033 million yen.
This is due primarily to a 3,189-million-yen increase in current assets attributable to increases in cash and deposits and accounts
receivable - trade as a result of the foreign currency translation impact of the weaker yen. Non-current assets grew by 1,313 million
yen, due mainly to the impact of foreign currency translation and the acquisition of property, plant and equipment.
(Liabilities)
Liabilities increased by 445 million yen from the end of the previous fiscal year to 34,023 million yen.
This is due primarily to an increase in current liabilities of 540 million yen attributable to a bank holiday falling on the last dayof the fiscal year under review and the inclusion of outstanding electronically recorded obligations - operating in the balance at theend of the period.
(Net assets)
Net assets increased by 4,057 million yen from the end of the previous fiscal year to 42,010 million yen.
This is due primarily to an increase in retained earnings of 2,237 million yen and an increase in foreign currency translation
adjustments of 1,560 million yen.
(3) Overview of cash flows for the fiscal year under review
Cash and cash equivalents (hereinafter “funds“) as of the end of the fiscal year under review were 11,399 million yen, up
1,921 million yen compared to the end of the previous fiscal year.
Cash flows and the factors for changes thereof in the fiscal year under review are as follows.
(Cash flows from operating activities)
Funds provided by operating activities were 8,843 million yen (compared to 3,515 million yen in the same period of the previousyear). The primary factors for this include an increase in funds due to the depreciation and amortization of 4,653 million yen andprofit before income taxes of 4,093 million yen.
(Cash flows from investing activities)
Funds used in investing activities were 4,466 million yen (compared to 3,988 million yen in the same period of the previous year).
This is due primarily to the acquisition of property, plant and equipment of 4,027 million yen.
(Cash flows from financing activities)
Funds used in financing activities were 2,781 million yen (compared to an inflow of 753 million yen in the same period of theprevious year). This is mainly due to the repayment of borrowings exceeding proceeds by 1,879 million yen and dividend paymentsof 813 million yen.
(4) Future outlook
In the automobile industry, the resolution of the semiconductor shortage helped drive recovery in production volumes. However,
economic prospects remain uncertain due to the ongoing Ukrainian conflict, the deteriorating Middle East crisis, other geopoliticaluncertainties, exchange rate fluctuations due to tight fiscal policies worldwide, and sustained inflation driven by soaring resource
prices.
Under these circumstances, marking the first year of New Medium-Term Management Plan 2026, fiscal 2024 will prove crucialin Company efforts to achieve its targets for fiscal 2026, namely, net sales of 120 billion yen, operating profit of 8%, and ROE of
12%. The Company will make every effort to maximize earning power by proceeding with management infrastructure reforms with
an emphasis on each ESG factor and the two wheels of its business strategy: Strengthening existing businesses and Expanding
growth businesses and new businesses. The forecast of consolidated results for the fiscal year ending March 31, 2025 is 93,000
3million yen in net sales, 4,800 million yen in operating profit, 4,800 million yen in ordinary profit, and 3,750 million yen in profit
attributable to owners of parent.
(5) Basic policy for appropriation of profits and dividends for the fiscal year under review and next fiscal year
The Company positions the return of profits to shareholders as a significant managerial issue, and sets the return of profits toshareholders in accordance with its performance while maintaining stable dividends, and taking internal reserves into consideration
with future business development and business characteristics in mind, as one of the basic policies of the Company. Under thispolicy, the Company has decided to set a consolidated dividend payout ratio of 30% as the standard, and 20 yen per share a year
(10 yen per share for the interim and year-end dividends, respectively) as the minimum dividend, except in the case where
performance is extremely sluggish due to rapid changes in the management environment.
The year-end dividend will be 32.5 yen per share, up 5.0 yen from the most recent projection of 27.5 yen, as announced in "Noticeabout a dividend of surplus (Dividend Increase)" on May 15, 2024.
Regarding the dividends for the next fiscal year, the Company plans to pay 75 yen per share a year, with a consolidated dividend
payout ratio of 30% as the standard.

2. Basic Approach towards Selection of Accounting Standard
The Group’s policy is to prepare consolidated financial statements based on Japan GAAP for the time being, while taking thecomparability of consolidated financial statements between fiscal years and between companies into consideration.
With regard to application of the International Accounting Standards, the Group will take appropriate action in light of thesituation at home and abroad.

43. Consolidated Financial Statements and Key Notes(1) Consolidated balance sheet(Million yen)Previous fiscal year
As of March 31, 2023

Fiscal year under review
As of March 31, 2024

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

9,972
774

12,011
852

Accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process

14,993

15,410

3,963

4,329

5,858
1,322

6,223
1,345

Raw materials and supplies
Other

3,872
1,802

3,858
1,709

-31

-22

42,52845,718

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

8,278

8,519

Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net

9,615
1,052

9,978
1,141

Land
Leased assets, net

5,996
58

6,138
44

Construction in progress

894

873

25,896

26,695

1,406

1,675

Total intangible assets

1,406

1,675

Investments and other assets
Investment securities

Total property, plant and equipment
Intangible assets
Other

824

1,030

Long-term prepaid expenses
Retirement benefit assets

13
156

48
141

Deferred tax assets
Other

475
227

479
243

Total investments and other assets
Total non-current assets
Total assets

5

1,699

1,944

29,00130,31571,53076,033

(Million yen)Previous fiscal year
As of March 31, 2023

Fiscal year under review
As of March 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating

5,459
5,330

5,373
6,062

Short-term borrowings
Current portion of long-term borrowings

7,598
2,202

7,130
1,634

Income taxes payable
Provision for bonuses

383
753

526
799

Notes payable - facilities
Other

552
4,065

894
4,464

Total current liabilities

26,34526,885Long-term borrowings
Deferred tax liabilities

3,178
1,023

2,759
1,133

Retirement benefit liabilities
Provision for retirement benefits for directors (andother officers)
Other

1,314

1,573

173

159

1,541

1,511

Non-current liabilities

Total non-current liabilities

7,232

7,137

33,57734,023

Shareholders’ equity
Share capital

1,395

1,395

Capital surplus
Retained earnings

1,573
30,9691,575
33,206

Total liabilities
Net assets

Treasury shares-1,403-1,397

Total shareholders' equity

32,53434,780

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

108

205

-7

7

Foreign currency translation adjustment

2,983

4,544

Total accumulated other comprehensive income

3,084

4,757

Non-controlling interests

2,333

2,472

Total net assets

37,95242,01071,53076,033

Total liabilities and net assets

6

(2) Consolidated statement of income and consolidated statement of comprehensive income(Consolidated statement of income)Net sales
Cost of sales

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
82,31869,433(Million yen)
Fiscal year under review(From April 1, 2023
to March 31, 2024)
88,84773,753Gross profit

12,88415,093

3,942
2,530

3,945
2,446

Depreciation
Provision for retirement benefits for directors (andother officers)
Retirement benefit expenses

215

337

13

20

177

183

Provision for bonuses
Provision of allowance for doubtful accounts

189
4

189
5

Selling, general and administrative expenses
Salaries
Freight and other

Other

3,800

4,317

Total selling, general and administrative expenses

10,874

11,446

2,010

3,646

44

78

6

7

Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Gain on sale of non-current assets

35

71

415
493

260
22

Compensation for transfer
Other

464

280
212

Total non-operating income

1,459

934

Non-operating expenses
Interest expenses

158

231

Loss on sale of non-current assets
Loss on retirement of non-current assets

4
125

11
98

Other

42

145

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities

330

486

3,139

4,094

2

-

Gain on termination of retirement benefit plan554-

Total extraordinary income

557-

Extraordinary losses
Loss on litigation
Loss on liquidation of businessImpairment losses

9

-

174

-

-

0

184

0

Profit before income taxes

3,511

4,093

Income taxes - current
Income taxes - deferred

794
522

880
87

Total income taxes

1,316

968

Profit

2,194

3,125

59

74

2,135

3,050

Total extraordinary losses

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent
7

(Consolidated statement of comprehensive income)

2,194(Million yen)
Fiscal year under review(From April 1, 2023
to March 31, 2024)
3,125Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

14
-10

96
16

Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

2,099

1,663

24

25

2,127

1,803

Comprehensive income

4,322

4,928

Profit attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

4,102

4,723

220

205

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
ProfitOther comprehensive income8(3) Consolidated statement of changes in equity
Previous fiscal year (From April 1, 2022 to March 31, 2023)(Million yen)
Shareholders’ equity
Share capital
Balance at beginning of
period1,395

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity1,572

29,554-1,416

31,106

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Net changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period

-756

-756

2,135

2,135

0

-0

-0

12

13

36

36

-

0

1,415

12

1,428

1,395

1,573

30,969-1,40332,534Foreign currencytranslation
adjustment

Non-controllinginterests

Total net assets

1,025

2,152

34,377

Accumulated other comprehensive income
Valuation difference
Deferred gains or
on available-for-salelosses on hedges
securities
Balance at beginning of
period93-1

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Net changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period

-756
2,135
-0
13
36
14

-5

1,957

180

2,147

14

-5

1,957

180

3,575

108

-7

2,983

2,333

37,9529

Fiscal year under review (From April 1, 2023 to March 31, 2024)(Million yen)
Shareholders’ equity
Share capital
Balance at beginning of
period1,395

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity1,573

30,969-1,40332,534

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period

-813

-813

3,050

3,050

2

-0

-0

6

8

-

2

2,237

6

2,245

1,395

1,575

33,206-1,39734,780Foreign currencytranslation
adjustment

Non-controllinginterests

Total net assets

2,983

2,333

37,952

Accumulated other comprehensive income
Valuation difference
Deferred gains or
on available-for-salelosses on hedges
securities
Balance at beginning of
period108-7

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period

-813
3,050
-0
8
96

15

1,560

139

1,811

96

15

1,560

139

4,057

205

7

4,544

2,472

42,01010

(4) Consolidated statement of cash flows(Million yen)
Fiscal year under review(From April 1, 2023
to March 31, 2024)

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
Cash flows from operating activities
Profit before income taxes

3,511

4,093

Depreciation
Loss on liquidation of business

4,471
174

4,653
-

Impairment losses
Increase (decrease) in allowance for doubtful accounts

-22

0
-10

Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit assets andliabilities
Increase (decrease) in provision for retirement
benefits for directors (and other officers)
Gain on termination of retirement benefit plan

-181

45

-722

194

15

-20

-554

-

Interest and dividend income
Interest expenses

-51
158

-86
231

Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale of property, plant and equipment

-104

-149

-35

-71

-488

-10

Loss on retirement of property, plant and equipment
Decrease (increase) in trade receivables

125-1,572

98-122

Decrease (increase) in inventories
Increase (decrease) in trade payables

-876
971

122
213

Decrease (increase) in other assets
Increase (decrease) in other liabilities

-151
-251

181
338

Other

-12

136

Subtotal

4,404

9,837

Interest and dividends received
Interest paid

55
-155

93
-230

Income taxes refund (paid)

-788

-857

Cash flow from operating activities

3,515

8,843

11

(Million yen)
Fiscal year under review(From April 1, 2023
to March 31, 2024)

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
Cash flows from investing activities
Payments into time deposits

-

-86

52
-5

-42

-4,103622-4,027
114

-555
-2

-454
-2

4
-1

32
-0

-3,988-4,466

Proceeds from short-term borrowings
Repayments of short-term borrowings

1,704
-179

755
-1,626

Proceeds from long-term borrowings
Repayments of long-term borrowings

2,400-2,3481,300-2,308

Repayments of lease obligations
Purchase of treasury shares

-26
-0

-22
-0

Dividends paid
Dividends paid to non-controlling interests

-756
-39

-813
-66

Cash flow from financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents

753-2,781

415

325

695

1,921

Cash and cash equivalents at beginning of period

8,782

9,478

Cash and cash equivalents at end of period

9,478

11,399Proceeds from withdrawal of time deposits
Purchase of long-term prepaid expenses
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Other
Cash flow from investing activities
Cash flow from financing activities12(5) Notes to consolidated financial statements(Notes to assumptions for ongoing concerns)
Not applicable.
(Segment information)
Segment information
1. Overview of Reporting Segments(1) Methods to determine reporting segments
Reporting segments of the Company are components of the Company for which separate financial information can be obtained,
and for which the Board of Directors conducts reviews on a regular basis to determine the allocation of management resources
and assess business performance.
The Company has business units by finished goods line at its head office. Each business unit develops comprehensive strategies
for Japan and overseas and carries out business activities regarding the product line it handles. The parent company, however,directly supervises the businesses of its subsidiaries in Japan that do not belong to the finished goods lines of the business units
mentioned above.
This means that the Company consists of segments by finished goods line based on business units and business segments ofsubsidiaries in Japan that do not belong to the business units. Among them, the Functional Parts Business, the Anti-Vibration
Parts Business, the Metal Business, the Hose Business, and the Industrial Equipment Business compose the reporting segments.
(2) Categories of finished goods and services belonging to each reporting segment
The Functional Parts Business manufactures and sells seal parts and wiper blade rubber, among other finished goods. The AntiVibration Parts Business manufactures and sells dampers and mounts, among other finished goods. The Metal Business
manufactures and sells metal parts for trucks and construction machinery, among other finished goods. The Hose Business
manufactures and sells hoses and other rubber finished goods. The Industrial Equipment Business manufactures and sells officeautomation equipment, medical equipment, motors and urethane, among other finished goods.
2. Method Used to Calculate Net Sales, Income or Loss, Assets, Liabilities and Other Items by Reporting Segment
Accounting procedures adopted for the reported business segments are the same as those adopted for preparation of
consolidated financial statements.
Income of the reporting segments is based on operating profit.
Intersegment revenue or transfer is based on market prices.

13

3. Information on Net Sales, Income or Loss, Assets, Liabilities and Other Items by Reporting Segment
Previous fiscal year (From April 1, 2022 to March 31, 2023)
Reporting segment
Total(Million yen)Amountreported in
Adjustments consolidated(Note) 1
financialstatements(Note) 2

Functional
Parts

AntiVibration
Parts

Metal

32,70934,714

6,480

5,034

3,380

82,318-82,318

652

9

0

100

-

762

-762

-

Total

33,361

34,724

6,480

5,134

3,380

83,080-762

82,318Segment income

2,689

1,514

2

116

607

4,930

-2,9202,010

Segment assets

28,45627,820

3,777

4,533

3,083

67,6703,859

71,530

1,903

1,985

172

220

123

4,404

67

4,471

-

-

124

-

-

124

-

124

Industrial
Equipment

Hose

Net sales
Sales to externalcustomers
Intersegment sales ortransfer

Other items
Depreciation
Impairment losses

Investment in entities
accounted for using
525
525
525
equity method
Increase in property,
plant and equipment
2,154
1,739
109
133
181
4,317
654
4,971
and intangible assets(Notes) 1. Adjustments are as follows:(1) The adjustment of -2,920 million yen for segment income includes an inter-segment elimination of 1 million yen andcorporate expenses that are not allocated to any reporting segments totaling -2,921 million yen. Corporate expenses areprimarily general and administrative expenses that are not attributable to any reporting segments.
(2) The adjustment of 3,859 million yen for segment assets includes an inter-segment elimination of -1,031 million yen andcompany-wide assets that are not allocated to any reporting segments totaling 4,891 million yen. Company-wide assets
are primarily cash and deposits that are not attributable to any reporting segments.
(3) The adjustment of 67 million yen for depreciation is primarily depreciation of non-current assets for the research anddevelopment departments of the parent company.
(4) The adjustment of 654 million yen for the increase in property, plant and equipment and intangible assets is the increasein company-wide assets that are not allocated to any reporting segments.
2. Segment income is adjusted to be consistent with operating profit recorded in the consolidated financial statements.

14

Fiscal year under review (From April 1, 2023 to March 31, 2024)(Million yen)Amountreported in
Adjustments consolidated(Note) 1
financialstatements(Note) 2

Reporting segment
Total

Functional
Parts

AntiVibration
Parts

Metal

Hose

Industrial
Equipment

36,051

37,462

6,737

5,268

3,327

88,847-

88,847

718

10

0

104

-

833

-833

-

Total

36,77037,472

6,737

5,373

3,327

89,681-833

88,847

Segment income

3,914

2,089

22

190

681

6,897

-3,2503,646

Segment assets

31,54729,021

3,328

4,715

3,037

71,6494,384

76,033

1,957

2,061

117

214

140

4,491

161

4,653

-

0

-

-

0

0

-

0

Net sales
Sales to externalcustomers
Intersegment sales ortransfer

Other items
Depreciation
Impairment losses

Investment in entities
accounted for using
593
593
593
equity method
Increase in property,
plant and equipment
2,517
1,098
174
158
144
4,093
550
4,644
and intangible assets(Notes) 1. Adjustments are as follows:(1) The adjustment of -3,250 million yen for segment income includes an inter-segment elimination of 1 million yen andcorporate expenses that are not allocated to any reporting segments totaling -3,252 million yen. Corporate expenses areprimarily general and administrative expenses that are not attributable to any reportable segments.
(2) The adjustment of 4,384 million yen for segment assets includes an inter-segment elimination of -980 million yen andcompany-wide assets that are not allocated to any reporting segments totaling -5,364 million yen. Company-wide
assets are primarily cash and deposits that are not attributable to any reporting segments.
(3) The adjustment of 161 million yen for depreciation is primarily depreciation of non-current assets for the research anddevelopment departments of the parent company.
(4) The adjustment of 550 million yen for the increase in property, plant and equipment and intangible assets is the increasein company-wide assets that are not allocated to any reporting segments.
2. Segment income is adjusted to be consistent with operating profit recorded in the consolidated financial statements.

15

(Per-share information)
Previous fiscal year
(From April 1, 2022 to March 31, 2023)

Fiscal year under review(From April 1, 2023 to March 31, 2024)

2,211.12 yen

2,453.38 yen

132.61 yen

189.35 yen

Net assets per share
Profit per share(Notes) 1. Profit per share – diluted is not stated as there are no dilutive shares.
2. The basis for calculation of profit per share is as follows:

Previous fiscal year
(From April 1, 2022
to March 31, 2023)

Fiscal year under review(From April 1, 2023
to March 31, 2024)

Profit per share
Profit attributable to owners of parent (million yen)Amount not attributable to common shareholders (million
yen)Profit attributable to owners of parent related to commonshares (million yen)
Average number of shares issued during the period(thousand shares)(Important subsequent events)
Not applicable.

16

2,135

3,050

-

-

2,135

3,050

16,103

16,112