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.

Member, Financial Accounting Standards Foundation
The Announcement date: August 9, 2024 (14:00 JST)

Consolidated Financial Results
for the Three Months Ended March 31, 2025
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:
Telephone:

TOMOEGAWA CORPORATIONTokyo Stock Exchange
3878
https://www.tomoegawa.co.jp/
Yoshio Inoue, President and Representative Director, Group CEO
Masaaki Yamaguchi, Director, Senior Managing Executive Officer, Group CFO+81-54-256-4319

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of financial results briefing:

‐

None
None

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

1. Consolidated financial results for the three months ended March 31, 2025 (from April 1, 2024 to June30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended

Operating profit

Millions of yen

June 30, 2024
June 30, 2023
Note: Comprehensive income(Percentages indicate year-on-year changes.)
Profit attributable toowners of parent

Ordinary profit% Millions of yen%

Millions of yen%

Millions of yen

%

8,494

2.2

341

(21.2)

528(11.0)

344

0.9

8,315

(6.5)

432

(43.2)

594(37.1)

341(70.3)For the three months ended June 30, 2024:
For the three months ended June 30, 2023:
Basic earnings
per share

Three months ended¥ 882 million¥829 million[6.5%][(48.5%)]

Diluted earnings
per share
Yen

Yen

June 30, 2024

33.26

‐

June 30, 2023

31.77

‐

(2) Consolidated financial position
Total assets
As of

Net assets

Net assets
per share

Equity-to-asset ratio

Millions of yen

June 30, 2024

46,331

20,04432.9

1,469. 31

March 31, 2024

45,713

19,39632.2

1,417. 49

Reference:

EquityAs of June 30, 2024:
As of March 31, 2024:¥15,238 million¥14,700 million%

Yen

Millions of yen

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025‐

Fiscal year-end

Total

Yen

Yen

0.00

‐

15.00

15.00

0.00

‐

15.00

15.00

‐

Fiscal year ending
March 31, 2025 (Forecast)

Note: Revisions to the forecasts of cash dividends most recently announced: None

3. Forecasts of Consolidated financial results for Fiscal Year 2025 (from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen

Basic earnings
per share%

YenFirst Half

17,000

3.0

850

6.8

850

(14.7)

450

4.2

43.39

Full year

35,000

3.9

2,200

65.3

2,200

33.9

1,000

68.3

96.42

Note: Revisions to the forecasts of consolidated financial results most recently announced: Yes

* Notes(1) Significant changes in the scope of consolidation during the period: 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: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For more information, please refer to “Ⅱ．Quarterly consolidated financial statements and significant notes thereto 3.
Notes to quarterly consolidated financial statements (Notes on changes in accounting policies)” on page 11 (Attached
Material).

(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

10,389,406 shares

As of March 31, 2024

10,389,406 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

18,380 shares

As of March 31, 2024

18,380 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2024

10,371,026 shares

Three months ended June 30, 2023

10,371,052 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
The forward-looking statements in this document, including earnings forecasts, are based on information
currently available to the Company and certain assumptions that the Company considers reasonable, and are notintended as a promise by the Company that they will be achieved. Actual results may differ materially due tovarious factors. For the assumptions used as the basis for the earnings forecasts and special remarks regarding
the use of the earnings forecasts, please refer to “Ⅰ．Overview of operating results, etc. 3. Explanation of
consolidated earnings forecasts and other forward-looking statements” on page 7 (Attached Material).

【Attachment】

Contents of Attachment
Ⅰ．Overview of operating results, etc. ･････････････････････････････････････････････････････

2

1. Overview of operating results for the first three months ･････････････････････････････････････

2(1) Review of operating results ･･･････････････････････････････････････････････････････

2

・Net sales and profit (loss)･････････････････････････････････････････････････････････

2

・Numbers by Quarter ････････････････････････････････････････････････････････････

2

・Observation of the First Quarter of the Fiscal Year 2025 (April to June, 2024) ･･･････････････

3(2) Consolidated operating results by segment ････････････････････････････････････････････

4

・Reportable segments figures ･････････････････････････････････････････････････････

4

・Overview of reportable segments ･･････････････････････････････････････････････････

4

2. Overview of financial position for the first three months ････････････････････････････････････

6

・Financial Position ･････････････････････････････････････････････････････････････

6

・Explanation regarding Financial Position ･･･････････････････････････････････････････

6

3. Explanation of consolidated earnings forecasts and other forward-looking statements ･････････････

7

Ⅱ．Quarterly consolidated financial statements and significant notes thereto ･･･････････････････････

8

1. Quarterly consolidated balance sheet ･･･････････････････････････････････････････････････
2. Quarterly consolidated statement of income (cumulative) and consolidated statement ofcomprehensive income (cumulative) ･･････････････････････････････････････････････････

8
10

3. Notes to quarterly consolidated financial statements ･･･････････････････････････････････････

11(Notes on changes in accounting policies) ･･････････････････････････････････････････････

11(Notes on significant changes in the amount of shareholders’ equity) ･･････････････････････････

11(Notes on premise of going concern) ･･････････････････････････････････････････････････

11(Notes on quarterly consolidated statement of cash flows) ･･････････････････････････････････

11(Notes on segment information, etc.) ･･･････････････････････････････････････････････････

12

p. 1

Ⅰ．Overview of operating results, etc.
Figures in Millions of yen, unless otherwise noted
1. Overview of operating results for the first three months(1) Review of operating results
・Net sales and profit (loss)

from April 1, 2024 through June 30, 2024
ProfitBasic
attributable
Ordinary
earnings
profitto owners
per shareof parent

Net sales

OperatingprofitCurrent Fiscal Year (FY 2025)
First Quarter (1Q)

8,494

341

528

344

33.26Yen

Converted into Millions
of US dollar (Note)

54.5

2.2

3.4

2.2

US$0.21

Previous Fiscal Year (FY 2024)
1Q

8,315

432

594

341

31.77Yen

Change to FY 2025 from FY
2024

179

▲91

▲65

3

1.49Yen

Percent Change from FY
2024 number

2.2%▲21.2%▲11.0%

0.9%-

Note: US dollar amounts are converted from Yen, for convenience only, at the rate of US$1.00 =¥155.86
・Numbers by Quarterp. 2

・Observation of the First Quarter of the Fiscal Year 2025 (April to June, 2024)
During the First Quarter (1Q) of the Fiscal Year (FY) 2025 (April to June 2024), net sales
amounted to ¥8,494 million, up ¥179 million or +2.2% from that of the previous FY 1Q. Although salesof Combi credit cards with both contact and contactless usage, which were originally expected in the First
Half (1H) of the FY, were delayed to the Second Half (2H) in the Security Media Segment, and sales of
Semiconductor Packaging Tape were sluggish in reaction to a temporary increase in demand before theprice hike in the Fourth Quarter (4Q) of the previous FY, the overseas-related sales increased thanks to
the depreciation of the yen, and the Company made a company-wide efforts to pass on prices.
Operating profit was ¥341 million, down ¥91 million or ▲21.2% from that of the previous FY
1Q, despite the positive effect of increased sales, including the yen depreciation, due to increased R&D
expenses for the launch of new products and a valuation loss due to a material quality anomaly in
Semiconductor Packaging Tape. On the other hand, the Company is on track to achieve the announced
figures for the FY 1H, thanks to increased production in the Toner Segment and continued strong
performance in the Display-related Segment.
Ordinary profit was ¥528 million, only down ¥65 million or ▲11.0% from that of the previous FY
1Q, thanks to the continued higher than planned contributions of the equity earnings from an affiliatedcompany that handles processing of optical film used for displays.
Profit attributable to owners of parent is ¥344 million, up ¥3 million or ＋0.9% from the previous
FY 1Q, thanks to a decrease in deferred income taxes and a decrease in the amount to profit attributable
to non-controlling interests.

p. 3

(2) Consolidated operating results by segment
・Reportable segments figures

Toner

Semiconductor
and Displayrelated
Functional
Sheet

Security MediaNew Business
Development

Change to FY
2025
from FY 2024

FY 2025
1Q

FY 2024
1Q

Percent Change
from FY 2024
numbers

Net sales

2,789

3,211

421

15.1%

Operatingprofit

277

391

114

41.2%

Net sales

1,724

1,660

▲64

▲3.7%

Operatingprofit

160

93

▲66

▲41.6%Net sales

2,654

2,613

▲40

▲1.5%

Operating
loss

▲2

▲45

▲43

-

Net sales

1,081

939

▲141

▲13.1%

Operatingprofit

89

46

▲43

▲48.3%Net sales

10

8

▲2

▲23.4%

Operating
loss

▲128

▲166

▲37

-

・Overview of reportable segments< Toner >As for the Toner Segment, net sales were ¥3,211 million, up ¥421 million or +15.1% from that ofthe previous FY 1Q, and Segment (operating) profit was ¥391 million, up ¥114 million or +41.2% fromthat of the previous FY 1Q
Net sales increased mainly thanks to signs of a recovery in orders received since of the previous
FY 4Q, as well as the increase in overseas-related sales thanks to the depreciation of the yen. Segment(operating) profit increased thanks to a recovery in demand and the positive effect of the depreciation of
the yen, despite increased a decline in sales of high-margin color toner.
< Semiconductor and Display-related >As for the Semiconductor and Display-related Segment, net sales ware ¥1,660 million, down ▲¥64 million or ▲3.7% from that of the previous FY 1Q, and Segment (operating) profit was ¥93 million,
down ▲66 million or ▲41.6% from that of the previous FY 1Q
Although orders for the Optical Film SBU, including from subsidiaries, for processing film fordisplays remained strong, sales of the Semiconductor Packaging Tape SBU remained sluggish in
response to a temporary increase in demand before the price increase of the previous FY 4Q, resulting
in lower net sales.

p. 4

Segment (operating) profit decreased from the same period of the previous FY 1Q, due toplanned costs associated with the launch of new products, and a valuation loss due to a material quality
anomaly in Semiconductor Packaging Tape, despite compensation income from product development
activities and resulting prototypes exceeding the initial forecasts.
< Functional Sheet >As for the Functional Sheet Segment, net sales were ¥2,613 million, down ▲¥40 million or ▲1.5% from that of the previous FY 1Q, and Segment (operating) loss was ¥45 million (loss of ¥2 million
in the previous FY 1Q).
Although some products in the Coated Paper SBU performed well, sales decreased from thesame period of the previous FY 1Q, due to sluggish orders for the Functional Non-woven Fabrics SBU.
Segment (operating) loss increased from the same period of the previous FY 1Q, due to theinability to fully recuperate the costs associated with elevated raw material prices, despite theincorporation of these costs into product prices and the implementation of various cost reduction
strategies.
< Security Media >As for the Security Media Segment, net sales were ¥939 million, down ▲¥141 million or ▲13.1% from that of the previous FY 1Q, and Segment (operating) profit was ¥46 million, down ▲¥43
million or ▲48.3.0% from that of the previous FY 1Q.
Net sales decreased mainly due to a delay in sales of Combi cards, which were initially expectedin the FY 1H, to the FY 2H, as well as a decrease in sales of passbooks and other products. Segment(operating) profit decreased due to lower net sales.
< New Business Development >As for the New Business Development Segment, net sales were ¥8 million, down ¥2 million or▲23.4% from that of the previous FY 1Q, and Segment (operating) loss was ¥166 million (loss of ¥128
million in the previous FY 1Q).
The Company is promoting the development and net sales of iCas and GREEN CHIP related
products, and is concentrating on the launch of new products for semiconductor manufacturing equipment
and resins compounded cellulose microfiber.

p. 5

2. Overview of financial position for the first three months
・Financial Position

June 30, 2024
Total assets

Net assets

Equity-to-asset
ratio

Net assets
per share

End of FY 2025 1Q,
June 30, 2024

46,331

20,04432.9%

1,469.31Yen

Converted into Millions
of US dollar (Note)

287.5

124.4

-

US$9.12End of FY 2024, March
31, 2024

45,713

19,39632.2%

1,417.49Yen

Change to FY 2025 1Q
617
648
0.7%
51.82Yen
from FY 2024
Note: US dollar amounts are converted from Yen, for convenience only, at the rate of US$1.00 =¥161.14・Explanation regarding Financial Position
Total assets amounted to ¥46,331 million at the end of the current FY 1Q, up ¥617 million fromthe end of the previous FY.

Current assets totaled ¥22,853 million, up ¥253 million from the end of theprevious FY. This was mainly due to an increase in finished goods and raw materials and supplies,
despite a decrease in cash and deposits and notes and accounts receivable-trade. Non-current assets
totaled ¥23,477 million, an increase of ¥364 million from the end of the previous FY. This was mainly
due to an increase in property, plant and equipment resulting from capital expenditures, an increase inintangible assets resulting from software investment, and an increase in value of invested securities bymark-to-market valuation of holding shares.
Total liabilities amounted to ¥26,286 million, down ¥31 million from the end of the previous FY.
Current liabilities totaled ¥18,166 million, down ¥239 million from the end of the previous FY. This was
mainly due to a decrease in short-term borrowings and provision for bonuses, despite an increase innotes and accounts payable-trade. Non-current liabilities totaled ¥8,120 million, up ¥208 million fromthe end of the previous FY, mainly due to an increase in long-term borrowings. Interest-bearing debt
decreased ¥147 million from the end of the previous FY to ¥12,688 million.
Net assets amounted to ¥20,044 million, up ¥648 million from the end of the previous FY. Thiswas due to the recording of profit attributable to owners of parent and an increase in foreign currencytranslation adjustments resulting from the depreciation of the yen against foreign currencies. As aresult, the equity to asset ratio was 32.9% (32.2% at the end of the previous FY).

p. 6

3. Explanation of consolidated earnings forecasts and other forward-looking statements
The Toner Segment is on the road to recovery, and the Functional Sheet Segment is expected
to show an increase in profit due to additional price hikes and profit contributions from new functional
nonwoven fabric products. On the other hand, a delayed recovery in the Semiconductor Packaging
Tape market and sluggish growth in semiconductor-related components are expected. Although there
are differences by segment, the Company expects overall performance to be generally in line with theplan at the beginning of the current FY.
The Company has revised upward its forecasts for the current FY 1H, as profit attributable toowners of parent is expected to significantly exceed the previous forecasts, for the following reasons.
Taxable income of corporations to which the group relief system is applied exceeded the initial plan, andaggregated income tax burden is expected to be lower than initially planned, resulting in a decrease inconsolidated taxable income. Furthermore, profit attributable to non-controlling interests is expected to
be lower than initially planned, due to lower-than-expected performance at a certain consolidated
subsidiary.
Although the business environment surrounding the Group is uncertainly going forward due tothe impact of sharp exchange rate fluctuations and other factors, the full year forecasts remains
unchanged from the current forecasts announced on May 14, 2024, as the Company expects that thebusiness will generally proceed as planned at the beginning of the current FY, as mentioned above.

p. 7

Ⅱ．Quarterly consolidated financial statements and significant notes thereto
1. Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished 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
Machinery, equipment and vehicles, 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

p. 8

As of June 30, 2024

5,417
6,929
6,389
59
2,371
1,441
△9
22,600

5,077
6,801
7,078
60
2,529
1,315
△9
22,853

4,520
3,839
5,398
2,148
15,906
408

4,510
3,889
5,398
2,238
16,037
511

5,878
920
△0
6,798
23,11345,713

6,032
895
△0
6,928
23,477
46,331

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for
directors (and other officers)
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-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

p. 9

As of June 30, 2024

6,253
5,992
1,617
232
515
3,793
18,405

6,639
5,747
1,555
113
238
3,870
18,166

4,708
1,043

4,895
1,056

323

309

1,836
7,911
26,3171,859
8,120
26,286

2,122
897
8,585
△31
11,574

2,122
897
8,775
△31
11,764

575

645

962
1,587

1,299
1,528

3,125

3,473

4,695
19,39645,713

4,806
20,044
46,3312. Quarterly consolidated statement of income (cumulative) and consolidated statement ofcomprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted forusing equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Impairment losses
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interestsp. 10

Three months ended
June 30, 2024

8,315
6,389
1,925
1,492
432

8,494
6,525
1,968
1,627
341

4
43
58

2
51
56

95

107

22
223

39
257

48
14
62
594

54
15
69
528

1
1

3
3

38
4
42
553
97
17
115
438

33
0
34
497
96
△4
92
404

341
96

344
59

133

102

305

434

△48

△59

390
829

478
882

638

693

190

189

3. Notes to quarterly consolidated financial statements(Notes on changes in accounting policies)
Application of Accounting Standard for Current Income Taxes
The Accounting Standard for Current Income Taxes (ASBJ Statement No. 27; October 28, 2022;
hereinafter,”2022 Revised Accounting Standard”) has been applied since the beginning of the 1Q
period.
Revisions concerning the recognition classification (taxes on other comprehensive income) ofincome taxes follow the transitional treatment set forth in the proviso of paragraph 20-3 of the 2022
Revised Accounting Standard and in the proviso of paragraph 65-2 (2) of the Guidance on AccountingStandard for Tax Effect Accounting (ASBJ Guidance No. 28; October 28, 2022; hereinafter, “2022
Revised Guidance”). This change in accounting policy has no impact on the quarterly consolidated
financial statements.
Regarding the revisions related to the review of treatment in consolidated financial statements
when conducting a tax deferral of gains or losses on sale arising from the sale of subsidiary shares,
etc. between consolidated companies, the 2022 Revised Guidance has been applied since thebeginning of the 1Q period. This change in accounting policy is applied retrospectively, and theconsolidated financial statements for the previous year’s quarters and the previous consolidated FY
are after retrospective application.

This change in accounting policy has no impact on the

consolidated financial statements for the previous year’s quarters and the previous consolidated FY.
(Notes on significant changes in the amount of shareholders’ equity)
None(Notes on premise of going concern)
None(Notes on quarterly consolidated statement of cash flows)
Quarterly consolidated statement of cash flows has not been prepared for the first three months
ended June 30, 2024.

Depreciation expenses (including amortization expenses pertaining tointangible assets excluding goodwill) and amortization of goodwill pertaining to the first three monthsof the accounting period are as follows.
Three months ended
June 30, 2023
Depreciation (Millions ofyen)
Amortization of goodwill(Millions of yen)p. 11

Three months ended
June 30, 2024

395

422

3

1

(Notes on segment information, etc.)
Ⅰ Previous fiscal year (From April 1, 2023 to June 30, 2023)
Information concerning net sales and profit (loss) by reportable segment, and disaggregated revenue
information(Millions of yen)
Reportable segments

Toner

SemicondNew
uctor
ReportabFunction Security Businessandleal Sheet Media Developm
Displaysegments
entrelated(Note 3)(Note 1)

Other

Amount in
Adjustme consolidated
nts
financialstatements(Note 2)Total

Net sales
Japan

501

986

2,381

1,081

10

4,961

36

4,998

－

4,998

China (including
Hong Kong)

756

50

19

－

－

827

－

827

－

827

Other Asia

311

677

214

－

－

1,202

－

1,202

－

1,202

Europe

980

1

1

－

－

983

－

983

－

983

North America

176

9

36

－

－

222

－

222

－

222

Other

62

－

－

－

－

62

－

62

－

62

2,789

1,724

2,654

1,081

10

8,261

36

8,297

－

8,297

Other revenue

－

－

－

－

－

－

17

17

－

17

Revenues fromexternal

2,789

1,724

2,654

1,091

10

8,261

54

8,315

－

8,315

－

－

449

10

－

459

154

614

(614)

－

2,789

1,724

3,103

1,091

10

8,720

209

8,929

(614)

8,315

Revenue fromcontracts withcustomers

customers
Transactions
with othersegments
Net sales
Segment profit

277
160
(2)
89
(128)
395
25
421
11
432
(loss)
Notes:
1. The “Other” classification is for business segments not included in a reportable segment and includes
logistics services, etc.
2. Segment profit (loss) in the above adjustment \11 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is adjusted with operating profit presented in the Quarterly consolidated statementof income (cumulative) and consolidated statement of comprehensive income (cumulative).

p. 12

Ⅱ Current fiscal year (From April 1, 2024 to June 30, 2024)
Information concerning net sales and profit (loss) by reportable segment, and disaggregated revenue
information(Millions of yen)

Toner

Reportable segments
SemicondNew
uctor
ReportabFunction Security Businessandleal Sheet Media Developm
Displaysegments
entrelated(Note 3)(Note 1)

Other

Amount in
Adjustme consolidated
nts
financialstatements(Note 2)Total

Net sales
Japan

415

937

2,336

939

8

4,637

43

4,681

－

4,681

1,029

80

20

－

－

1,130

－

1,130

－

1,130

390

627

227

－

－

1,246

－

1,246

－

1,246

1,088

0

1

－

－

1,090

－

1,090

－

1,090

North America

232

14

27

－

－

274

－

274

－

274

Other

54

－

－

－

－

54

－

54

－

54

3,211

1,660

2,613

939

8

8,433

43

8,477

－

8,477

－

－

－

－

－

－

17

17

－

17

3,211

1,660

2,613

939

8

8,433

61

8,494

－

8,494

－

－

237

31

－

269

175

444

(444)

－

3,211

1,660

2,850

971

8

8,702

236

8,939

(444)

8,494

China (including
Hong Kong)
Other Asia
EuropeRevenue fromcontracts withcustomers
Other revenue
Revenues fromexternalcustomers
Transactions
with othersegments
Net sales

Segment profit
391
93
(45)
46
(166)
318
16
335
5
341
(loss)
Notes:
1. The “Other” classification is for business segments not included in a reportable segment and includes
logistics services, etc.
2. Segment profit (loss) in the above adjustment \5 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is adjusted with operating profit presented in the Quarterly consolidated statementof income (cumulative) and consolidated statement of comprehensive income (cumulative).

p. 13