Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

November 11, 2022

Consolidated Financial Results
for the Six Months Ended September 30, 2022
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:
Telephone:

Furukawa Co., Ltd.
Tokyo Stock Exchange5715
https://www.furukawakk.co.jp
Minoru Nakatogawa, President and Representative Director
Akira Mikage, General Manager, Accounting Department+81-3-6636-9502

Scheduled date to file quarterly securities report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

November 14, 2022–
Yes

Holding of quarterly financial results briefing:

Yes(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 toSeptember 30, 2022)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)
Net sales
Six months ended

Millions of yen

September 30, 2022
September 30, 2021

% Millions of yen

104,576
97,804

Note: Comprehensive income

6.9
30.1

September 30, 2022
September 30, 2021

3,372
3,483

Profit attributable toowners of parent

Ordinary profit% Millions of yen

(3.2)
135.1

5,219
4,089

% Millions of yen
27.6
88.5

3,448
2,311

For the six months ended September 30, 2022:¥ 4,992 million[157.9%]For the six months ended September 30, 2021:¥ 1,936 million[(79.4)%]

Basic earnings
per share
Six months ended

Operating profit

Diluted earnings
per share

Yen

Yen

89.37
59.14

–
–

%
49.2
(52.5)

(2) Consolidated financial position
Total assets
As of
September 30, 2022

Net assets

Equity-to-asset ratio

Millions of yen
245,362

Millions of yen
102,212%40.4

229,727

100,075

42.3

March 31, 2022
Reference: Equity
As of September 30, 2022:
As of March 31, 2022:¥ 99,184 million¥ 97,253 million

2. Cash dividends
Annual dividends per shareFirst
quarter-end

Secondquarter-end

Thirdquarter-end

Fiscalyear-end

Yen
Yen
Yen
Fiscal year ended–
0.00–
March 31, 2022
Fiscal year ending–
0.00
March 31, 2023
Fiscal year ending
March 31, 2023–
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Total
Yen

Yen

50.00

50.00

50.00

50.00

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2023 (from April 1, 2022
to March 31, 2023)(Percentages indicate year-on-year changes.)
Net sales

Fiscal year ending
March 31, 2023

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

209,500

5.2

7,000

(9.5)

6,900

(23.3)

4,700(27.4)

123.31

Note: Revisions to the forecast of financial results most recently announced: No

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

40,445,568 shares

As of March 31, 2022

40,445,568 shares(ii) Number of treasury shares at the end of the period
As of September 30, 2022

2,329,308 shares

As of March 31, 2022

1,621,936 shares(iii) Average number of shares outstanding during the period
Six months ended September 30, 2022

38,587,836 shares

Six months ended September 30, 2021

39,075,582 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters(1) Caution concerning forward-looking statements
The forward-looking statements, including earnings outlook, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable by theCompany. The Company makes no warranty as to the achievability of the projections. Actual business andother results may differ substantially from the statements herein due to a number of factors.
Please refer to “1. Qualitative Information Regarding Financial Results for the Six Months Ended September
30, 2022, (3) Information regarding consolidated earnings forecasts and other forward-looking statements” onpage 6 of the attached material for the suppositions that form the assumptions for earnings forecasts andcautions concerning the use thereof.
(2) Financial results briefing (for securities analysts and institutional investors)
The Company will hold a financial results briefing through livestreaming. Furthermore, the Company plans topost financial results briefing materials and a video of the results briefing on its website.

Furukawa Co., Ltd. (5715)

Attached Material
Index
1. Qualitative Information Regarding Financial Results for the Six Months Ended September 30, 2022 ... 2(1) Explanation of operating results ......................................................................................................... 2(2) Explanation of financial position........................................................................................................ 5(3) Information regarding consolidated earnings forecasts and other forward-looking statements ......... 6
2. Quarterly Consolidated Financial Statements and Significant Notes Thereto .......................................... 7(1) Quarterly consolidated balance sheet ................................................................................................. 7(2) Quarterly consolidated statement of income and consolidated statement of comprehensive
income ................................................................................................................................................ 9
Quarterly consolidated statement of income (cumulative) ................................................................. 9
Quarterly consolidated statement of comprehensive income (cumulative) ...................................... 10(3) Quarterly consolidated statement of cash flows ............................................................................... 11(4) Notes to quarterly consolidated financial statements ....................................................................... 12
Notes on going concern assumptions ............................................................................................... 12
Notes on significant changes in the amount of shareholders’ equity ................................................ 12
Segment information ........................................................................................................................ 12
Supplementary Material on Financial Results for the Six Months Ended September 30, 2022.................... 14-1-

Furukawa Co., Ltd. (5715)

1. Qualitative Information Regarding Financial Results for the Six Months Ended
September 30, 2022
Matters concerning forward-looking statements in the text are according to the judgment as of the endof the second quarter of the fiscal year ending March 31, 2023.
(1) Explanation of operating results(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change

Net sales

97,804

104,576

6,771

Operating profit

3,483

3,372

(111)

Ordinary profit

4,089

5,219

1,129

Profit attributable to owners of parent

2,311

3,448

1,137

The Japanese economy during the first six months of the fiscal year ending March 31, 2023 (April
1, 2022 to September 30, 2022) continued to make progress towards a new post-COVID-19 stage.
Corporate earnings stayed at high levels, supported by the gradual recovery of the economy. On theother hand, the future remains highly uncertain with increased downside risks such as soaring raw
material prices, cost increases due to the rapid weakening of the yen, and slowdown of overseas
economies.
Amid this economic environment, in the period under review, the Company group (the “Group”)
recorded net sales of ¥104,576 million (up ¥6,771 million year on year) and operating profit of¥3,372 million (down ¥111 million year on year). While revenue and profit increased for the Rock
Drill Machinery segment, revenue and profit decreased for the Industrial Machinery and UNIC
Machinery segments, which meant an increase in revenue and decrease in profit for the Machinery
business as a whole. In the Materials business, revenue and profit increased for the Metals andElectronics segments, while revenue increased and profit decreased for the Chemicals segment,
which meant an increase in revenue and profit for the Materials business as a whole. Meanwhile,
the Real Estate segment saw an increase in revenue and profit. As a result of recording foreignexchange gains of ¥2,142 million in non-operating income, ordinary profit was ¥5,219 million (up¥1,129 million year on year). We recorded a gain on sale of investment securities of ¥362 million
under extraordinary income and ¥470 million for expenses corresponding to the progress ofdemolition work on the Furukawa Osaka Building under extraordinary losses. As a result, profit
attributable to owners of parent was ¥3,448 million (up ¥1,137 million year on year).
The net sales and operating profit for the reportable segments are as follows:
Industrial Machinery(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

8,632

7,862

(769)

337

13

(324)

Net sales in the Industrial Machinery segment were ¥7,862 million (down ¥769 million year onyear), and operating profit was ¥13 million (down ¥324 million year on year). The order balance asof the end of the second quarter of the fiscal year ending March 31, 2023 increased compared to theend of the previous fiscal year as a result of crushed stone plant orders received in materials-related
machinery. While pump plant revenue increased, revenue for pump products and materials-related
machinery decreased. In bridges and large-scale projects, revenue decreased despite recording net
sales corresponding to volumes for a SICON® enclosed hanging conveyor for construction of theShin-Kobotoke Tunnel on the Chuo Expressway.

-2-

Furukawa Co., Ltd. (5715)

Rock Drill Machinery(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

15,41218,003

2,591

404

1,057

653

Net sales in the Rock Drill Machinery segment were ¥18,003 million (up ¥2,591 million year onyear), and operating profit was ¥1,057 million (up ¥653 million year on year). In Japan, revenue
decreased due to reduced shipments of tunnel drill jumbos, but profit increased with steadyshipments of hydraulic breakers and ancillary parts. Overseas, revenue and profit increased mainly
due to the increased deliveries of hydraulic breakers and ancillary parts to North America,
combined with the impact of increased revenue as a result of the weak yen.
UNIC Machinery(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change

Net sales

14,606

14,067(539)

Operating profit

1,351

811

(539)

Net sales in the UNIC Machinery segment were ¥14,067 million (down ¥539 million year on year),and operating profit was ¥811 million (down ¥539 million year on year). In Japan, revenue
decreased mainly due to truck production delays and delays in crane installations owing todecreased production. Also, there was a decrease in the cost price ratio and a decrease in profit
caused by the rise in the cost of raw materials, such as steel. Overseas, we achieved increased
exports of mini crawler cranes to Europe and North America and increased exports of UNIC cranes
to Southeast Asia, Oceania and the Middle East, which, combined with the impact of increased
revenue as a result of the weak yen, resulted in an increase in both revenue and profit.
Machinery Business Total(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change

Net sales

38,65039,933

1,282

Operating profit

2,093

1,882

(210)

Total net sales of the Machinery business—consisting of the Industrial Machinery, Rock Drill
Machinery, and UNIC Machinery segments—amounted to ¥39,933 million (up ¥1,282 million year
on year), and operating profit was ¥1,882 million (down ¥210 million year on year).
Metals(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

50,33553,903

3,567

452

492

40

Net sales in the Metals segment were ¥53,903 million (up ¥3,567 million year on year), andoperating profit was ¥492 million (up ¥40 million year on year). The overseas market price ofelectrolytic copper started at US$10,247/ton. While it rose to US$10,426/ton on April 5 due to
growing concerns about metal supply shortages as a result of tighter economic sanctions against
Russia following the invasion of Ukraine, the price subsequently declined due to accelerated-3-

Furukawa Co., Ltd. (5715)

monetary tightening measures by major central banks and China’s zero-COVID policy, and by July
15 the price dropped to US$7,000/ton. The price then recovered to the US$8,000/ton level inAugust on the back of the economic indicators of the US and China beating market forecasts, aswell as expectations for additional Chinese economic measures, before weakening to US$7,647/tonby the end of the period under review owing to concerns of a slowdown of the US economy andsurge of the US dollar as a result of the rise in US interest rates. Despite a decline in sales volumeof electrolytic copper, we achieved increased revenue helped by the increase in sales volume ofelectrolytic gold coupled with the weaker yen.
Electronics(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

3,584

3,600

15

228

321

92

Net sales in the Electronics segment were ¥3,600 million (up ¥15 million year on year), andoperating profit was ¥321 million (up ¥92 million year on year). Sales of high-purity metallic
arsenic were boosted by stable demand both domestically and internationally for compound
semiconductors, a major application for that material, while sales of aluminum nitride increased
due to greater demand for use in thermal management components and semiconductor
manufacturing equipment components. There was a decrease in sales of coils due to an impact fromthe decrease in production of automobiles resulting from the semiconductor shortage.
Chemicals(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

3,836

4,461

624

410

361

(48)

Net sales in the Chemicals segment were ¥4,461 million (up ¥624 million year on year), andoperating profit was ¥361 million (down ¥48 million year on year). Sales of cupric oxide increased
due to higher unit prices, mainly reflecting higher copper prices, and strong demand for the use ofthat material in circuit boards. Meanwhile, sales of cuprous oxide increased due to a recovery indemand for ship bottom paints, a major application for the product, and higher unit prices, mainlyreflecting higher copper prices. On the other hand, operating profit declined due to higher
production costs owing to factors such as higher raw material costs.
Materials Business Total(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change

Net sales

57,756

61,964

4,207

Operating profit

1,091

1,175

84

The Materials business—consisting of the Metals, Electronics, and Chemicals segments—posted
total net sales of ¥61,964 million (up ¥4,207 million year on year) and operating profit of ¥1,175
million (up ¥84 million year on year).

-4-

Furukawa Co., Ltd. (5715)

Real Estate(Millions of yen)Six months ended
September 30, 2021
Net sales
Operating profit

Six months ended
September 30, 2022

Year-on-year change

1,036

1,067

31

361

424

62

Net sales in the Real Estate segment were ¥1,067 million (up ¥31 million year on year), andoperating profit was ¥424 million (up ¥62 million year on year). The commercial facilities of the
Muromachi Furukawa Mitsui Building (commercial name: COREDO Muromachi 2), our main
facility, are seeing customers gradually returning, although not yet reaching pre-COVID-19 levels.
Also, partial exemptions for rent payments given to commercial tenants were eliminated, whichcaused an increase in sales.
Others(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change

Net sales

360

1,610

1,249

Operating profit

(30)

(59)

(29)

We run a metal powders business and a transportation business. Net sales were ¥1,610 million (up¥1,249 million year on year), and operating loss was ¥59 million (increase in loss of ¥29 million
year on year).
(2) Explanation of financial position(i) Financial position(Millions of yen)
End of previous fiscal
year

End of the second
quarter of the fiscal
year ending March
31, 2023

Change from end of
previous fiscal year

Total assets

229,727

245,362

15,634

Liabilities

129,652

143,149

13,497(Interest-bearing debt)

65,67180,37814,706

100,075

102,212

2,137

42.3

40.4

(1.9)

Net assets
Equity-to-asset ratio(%)

Total assets as of the end of the quarter under review were ¥245,362 million, an increase of¥15,634 million compared to the end of the previous fiscal year. The main reasons for the increase
were increases in current assets, including cash and deposits, and merchandise and finished goods.
Interest-bearing debt (borrowings) was ¥80,378 million, an increase of ¥14,706 million comparedto the end of the previous fiscal year. Net assets were ¥102,212 million, an increase of ¥2,137
million compared to the end of the previous fiscal year.

-5-Furukawa Co., Ltd. (5715)(ii) Cash flows(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Year-on-year change(7,191)(8,415)

Cash flows from operating activities

1,224

Cash flows from investing activities(3,148)

(597)

2,551

Cash flows from financing activities(2,093)

11,706

13,800Cash and cash equivalents

13,973

19,181

5,207

In the period under review, net cash used in operating activities amounted to ¥7,191 million,
resulting from profit after adjustment for non-cash expenses (calculated by adjusting profit before
income taxes for non-cash expenses) of ¥6,320 million and other main factors including cash used
in increases/decreases of assets and liabilities related to operating activities of ¥11,814 million andincome taxes paid of ¥2,051 million. Net cash used in investing activities totaled ¥597 million,
mainly due to the purchase of property, plant and equipment. Net cash provided by financing
activities totaled ¥11,706 million, mainly due to cash inflow from borrowings. As a result, cash andcash equivalents as of the end of the quarter under review were ¥19,181 million, an increase of¥4,712 million compared to the end of the previous fiscal year.
(3) Information regarding consolidated earnings forecasts and other forward-looking statements
Regarding the full-year consolidated financial results forecasts, there is no change from thepreviously announced forecasts (announced on May 12, 2022).

-6-

Furukawa Co., Ltd. (5715)

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-7-

As of September 30, 2022

14,46919,182

28,34429,844

17,205
10,813
20,8184,635(48)
96,23820,841
12,11819,640
11,546(53)
113,12124,051
54,17012,754
90,976376

23,451
54,107
12,482
90,042339

35,8606,997(720)
42,136
133,489229,727

34,7787,900(820)
41,859132,240
245,362Furukawa Co., Ltd. (5715)(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provisions
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-8-

As of September 30, 2022

15,916
9,381
13,504
1,491
142
19,42359,85914,166
8,801
31,567
1,472
147
21,42477,57952,16675
2,543
239
14,76869,793
129,652

48,81076
2,475
226
13,98065,569143,149

28,2082
54,557(2,197)80,57028,2082
56,080(3,085)
81,205

11,832
(292)
2,602
35
2,506
16,6832,821
100,075
229,727

10,956
(141)
2,586
2,160
2,417
17,9793,027
102,212245,362Furukawa Co., Ltd. (5715)(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income
Quarterly consolidated statement of income (cumulative)(Millions of yen)Six months ended
September 30, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Administrative expenses of inactive mountain
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Demolition expenses of a rental building
Loss on liquidation of subsidiaries
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-9-

Six months ended
September 30, 2022

97,80485,162
12,642
9,158
3,483

104,576
91,343
13,232
9,860
3,372

–
1,668
1,668

2,142
832
2,975

217
432
412
1,063
4,089

248
401
479
1,128
5,219

45
62
107

362
5
368

176
466
–
82
725
3,470
996
35
1,031
2,439
128
2,311

–
470
348
368
1,187
4,399
1,380
(565)
814
3,584
136
3,448

Furukawa Co., Ltd. (5715)

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 10 -

Six months ended
September 30, 2022

2,439

3,584

(157)
(929)
508
128

(876)
5
1,863
(89)

(52)

504

(503)
1,936

1,407
4,992

1,782

4,760

153

231

Furukawa Co., Ltd. (5715)(3) Quarterly consolidated statement of cash flows(Millions of yen)Six months ended
September 30, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Other, net
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Payments for retirement of property, plant andequipment
Proceeds from sale of investment securities
Proceeds from a partial refund of consideration for
acquisition from the seller by adjusting theconsideration of shares of subsidiaries
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 11 -

Six months ended
September 30, 2022

3,470
1,931
(45)
176
(509)
217
(5)
(406)
1,030
2,546
(5,822)
2,582
529
(219)
(1,720)
52
1,224

4,399
2,047
(362)
–
(605)
248
(354)
(985)
(2,573)(3,070)(4,238)(5,493)589(235)(2,129)78(7,191)(3,158)(1,289)

(26)

(208)

52

493

–

420

(15)
(3,148)

(13)
(597)

7,294
(6,003)100(1,383)(0)(1,951)(149)(2,093)

26,341(10,331)
3,100(4,446)(888)(1,938)(130)
11,706243

794(3,774)
17,748
13,973

4,712
14,46819,181

Furukawa Co., Ltd. (5715)(4) Notes to quarterly consolidated financial statements
Notes on going concern assumptions
Not applicable.
Notes on significant changes in the amount of shareholders’ equity
Not applicable.
Segment information[Segment information]
1. Six months ended September 30, 2021
(1) Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

8,632

15,412

14,606

1,362

1

9,994
337

Electronics

Chemicals

50,335

3,584

3,836

38

108

0

27

15,413

14,64450,443

3,584

3,863

404

1,351

452

228

410

Reportable segment
Real Estate
Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

MetalsTotal

Eliminations/
corporate(Note 2)Carrying
amount(Note 3)

1,036

97,444360

97,804–97,804

6

1,544

809

2,353

(2,353)–

1,043

98,9881,170

100,158(2,353)97,804

361

3,546

(30)

3,516

(32)

3,483

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes thetransportation business and other businesses.
2. Segment profit (loss) adjustment of ¥(32) million includes eliminations of intersegment transactions of ¥19
million and company-wide expenses not allocated to each reportable segment of ¥(52) million. Company-wide
expenses are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do notbelong to the reportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

- 12 -

Furukawa Co., Ltd. (5715)

2. Six months ended September 30, 2022
(1) Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

7,862

18,00314,067

1,396

2

9,258
13

Electronics

Chemicals

53,903

3,600

4,461

83

126

–

27

18,005

14,15054,029

3,600

4,488

1,057

811

492

321

361

Reportable segment
Real Estate
Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

MetalsTotal

Eliminations/
corporate(Note 2)Carrying
amount(Note 3)

1,067

102,965

1,610

104,576–

104,576

6

1,643

804

2,447

(2,447)–

1,074

104,608

2,414

107,023(2,447)

104,576

424

3,482

(59)

3,422

(50)

3,372

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes themetal powders business, transportation business and other businesses.
2. Segment profit (loss) adjustment of ¥(50) million includes eliminations of intersegment transactions of ¥5 million
and company-wide expenses not allocated to each reportable segment of ¥(56) million. Company-wide expenses
are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do not belong to thereportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

- 13 -

Furukawa Co., Ltd. (5715)

Assumptions
Six months ended
September 30,2022

Copper priceExchange rateYear-on-yearchangeSix months ended September 30,2022 (actual)

$/mt

8,634

(907)

Third- and fourth-quarter forecast

$/mt

7,500

(2,341)

Forecast

$/mt

8,067

(1,624)Six months ended September 30,2022 (actual)

Yen/$

134.0

24.2

Third- and fourth-quarter forecast

Yen/$

140.0

25.1

Forecast

Yen/$

137.0

24.6

Supplementary Material on Financial Results
for the Six Months Ended September 30, 2022
November 11, 2022
Furukawa Co., Ltd.
Net sales(Yen amounts are rounded down to millions.)
Six months
ended
September
30, 2021
Machinery business

38,650Six months
endedYear-on-year
Septemberchange30, 2022
39,933Fiscal year ending March 31, 2023
Previously
announced
forecast

Forecast

1,282

84,10082,100Year-on-yearchange5,161

Industrial Machinery segment

8,632

7,862

(769)

20,20018,600876Rock Drill Machinery segment
UNIC Machinery segment

15,412
14,60618,00314,067

2,591
(539)

35,50028,40035,60027,900

4,689
(405)

Materials business

57,756

61,964

4,207

120,500

121,800

3,636

Metals segment
Electronics segment

50,335
3,584

53,903
3,600

3,567
15

105,200
7,300

106,400
7,000

3,404
(271)

Chemicals segment

3,836

4,461

624

8,000

8,400

503

Real Estate segment

1,036

1,067

31

2,000

2,000

(115)

360

1,610

1,249

2,900

3,600

1,720

97,804

104,576

6,771

209,500

209,500

10,402Others segment
Total

Operating profit
Six months
ended
September
30, 2021
Machinery businessIndustrial Machinery segment
Rock Drill Machinery segment
UNIC Machinery segment

Six months
endedYear-on-year
Septemberchange30, 2022

Fiscal year ending March 31, 2023
Previously
announced

Forecast

Year-on-yearchangeforecast

2,093

1,882

(210)

5,300

5,200

520

337
404

13
1,057

(324)
653

1,800
2,000

1,500
2,500

103
1,382

1,351

811

(539)

1,500

1,200

(965)

Materials business

1,091

1,175

84

1,200

1,300

(1,049)

Metals segment

452

492

40

0

500

(440)

Electronics segment
Chemicals segment

228
410

321
361

92
(48)

600
600

300
500

(366)
(243)

361

424

62

600

700

(43)

Real Estate segment
Others segment

(30)

(59)

(29)

(30)

(100)

(117)

(Subtotal)

3,516

3,422

(93)

7,070

7,100

(689)

Eliminations/corporate

(32)

(50)

(18)

(70)

(100)

(45)

3,483

3,372

(111)

7,000

7,000

(734)

Total

- 14 -

Furukawa Co., Ltd. (5715)* Reference Information (the below values are reference values)
1. Industrial Machinery segment order balance
The Industrial Machinery segment mainly provides built-to-order manufacturing, and the order balance
as of the end of the second quarter is as follows.
As of
As of
September 30, 2021 September 30, 2022
Order backlog¥9.1 billion¥12.7 billion

Year-on-yearchange¥3.6 billion

2. Profit or loss from metal price fluctuations in the Metals segment
Six months ended

Six months ended

September 30, 2021 September 30, 2022

Year-on-yearchangeOperating profit¥0.45 billion¥0.49 billion¥0.04 billion

Of which was due to pricefluctuations¥0.74 billion¥0.52 billion¥(0.21) billion[¥0.62 billion][¥0.08 billion][¥(0.12) billion][¥0.62 billion][¥(0.74) billion][¥0.54 billion]

CopperGold- 15 -