EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results
October 30, 2023

FY2023 2nd Quarter Consolidated Financial Results〔IFRS〕(April 1, 2023 through September 30, 2023)(English translation extracted from the original Japanese document)
Company Name:
Code No.:
Representative:
Contact Person:

EXEDY Corporation
Listing:Tokyo Stock Exchange
7278
URL: https://www.exedy.com
Tetsuya Yoshinaga, Representative Director, President
Hiroshi Toyohara, Representative Director, Senior Executive Managing Officer,
Executive General Manager of Administrative Headquarters
Telephone:+81-72-822-1152
Scheduled date to file quarterly securities report: November 10, 2023
Scheduled Date to commence dividend payments: November 27, 2023
Preparation of supplementary material on quarterly Financial Results : Yes
Holding of quarterly financial results briefing: None
(Note: All amounts less than one million yen is rounded off)

1. Consolidated Financial Results for the 2nd Quarter of FY2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results (cumulative)(Percentage of change from previous year)
Revenue

FY2023 Q2
FY2022 Q2Profitbefore Tax

Operating Profit

MillionYen%

151,195
138,206

9.4
12.0

Million
Yen

6,431
3,537

Basic Earnings
per Share

MillionYen%
80.0(58.8)

8,076
6,097

%

Million
Yen

%

32.5
(32.5)

5,906
4,255

38.8
(35.3)

Total
Comprehensive
IncomeMillionYen%

Million
Yen

%

5,369
3,867

38.8
(34.8)

13,864
13,573

2.1
113.7

Diluted Earnings
per ShareYen
114.3382.39

FY2023 Q2
FY2022 Q2Profit Attributable to
Owners of Parent

ProfitYen-(2) Consolidated Financial Position
Total Assets

Equity Attributableto Owners of Parent

Total Equity

Ratio for Equity Attributableto Owners of Parent

Million Yen

Million Yen

Million Yen%

342,293
331,875

250,528
239,901

235,968
225,56368.9
68.0

FY2023 Q2
FY2022

2. Dividends
Annual Dividends per Share
1st Quarter

2nd Quarter
Yen-

FY2022
FY2023
FY2023 (Forecast)

3rd Quarter

Yen
45.00
60.00

Yen
-

Fiscal Year-end
Yen
45.00

-

60.00

Total
Yen
90.00
120.00(Note) Revisions of dividend forecast from recently announced figures: None

3. FY2023 Consolidated Financial Forecast (April 1, 2023 to March 31, 2024)(Percentage of change from previous year)

Revenue

FY2023Operating Profit

millions of yen%

310,000

8.5

Income before
Income Taxes

millions of yen%

millions of yen

13,00048.4

14,000%

Profit Attributable to
Owners of Parent
millions of yen

41.2

9,000

%
96.1

Basic Earnings
Per Shareyen

191.64(Note) Revisions of financial forecast from recently announced figures: Yes

N o t e : T h i s d o c u m e n t h a s b e e n t r a n s l a t e d f r o m t h e J a p a n e s e o r i g i n a l f o r r e f e r e n c e p u r p o s e s o n l y. I n t h e e v e n t o f a n y
discrepancy between this translated document and the Japanese original, the original shall prevail.

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results※ General Notes(1) Changes in important subsidiaries during the period(Changes in specified subsidiaries due to changes in the scope of consolidation): None
(2) Changes in Accounting Policies, Accounting Estimations：None① Changes in accounting policies required by IFRS
② Changes in accounting policies except ①：None③ Changes in accounting estimates：None(Note) For the details, refer to attachment p.11 “2. Quarterly Consolidated Financial Statements
and Principal Notes (5) Notes on Quarterly Consolidated Financial Statements”(3) Number of Outstanding Shares (Ordinary shares)①Number of shares outstanding at the
FY2023 Q2
end of period (including treasury shares)②Number of treasury shares at the end
FY2023 Q2of period③Average number of ordinary shares
FY2023 Q2
outstanding during the period

48,593,736 shares

FY2022 Q4

48,593,736 shares

1,629,677 shares

FY2022 Q4

1,639,537 shares

46,958,426 shares

FY2022 Q246,938,476 shares(Note) The shares held within the ESOP trust accounts (FY2023 Q2: 83,300 shares, FY2022 Q4: 89,800 shares) are
included in the number of Treasury Shares at the end of period. Furthermore, the shares held within the ESOP trust
accounts are included in Treasury Shares that are deducted in the calculation of the average number of shares forthe period. (FY2023 Q2 : 87,014 shares, FY2022 Q2 : 96,486 shares)※ Quarterly financial statements are not subject to quarterly reviews by certified accountants or audit corporations.
※ Regarding the appropriate use of Financial forecasts and other information
The above forecast is based on the information available, or the assumptions which the company thinks reasonable asof the release of this report. Actual results might be different from the above estimates due to subsequent changes incircumstances.

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results

Table of Contents of Attachments
1. Qualitative Information on Quarterly Financial Results.…………………………………………………………………
2(1) Explanation of Operating Results……………...……………………………………………………………………
2(2) Explanation of Financial Position...…………………………………………………………………………………
3(3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information………
3
2. Quarterly Consolidated Financial Statements and Principal Notes…………………………………………………...
4(1) Quarterly Consolidated Statement of Financial Position…………………………………………………………
4(2) Quarterly Consolidated Statement of Income/Consolidated Statement of Comprehensive Income …………
6(3) Quarterly Consolidated Statement of Changes in Equity……………………………………………………….…
8(4) Quarterly Consolidated Statement of Cash Flows………………………………………………………………… 10(5) Notes on Quarterly Consolidated Financial Statements…………………………………………………………
11(Notes for Going Concern) …………………………………………………………………….………….………
11(Change of Accounting Policy) ……………………………………………………………………………………
11(Change in Accounting Estimate) …………………………………………………………………………………. 11(Segment Information) ……………………………………………………………………………………………
11

1

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results

1. Qualitative Information on Quarterly Financial Results.
(1) Explanation of Operating Results
In the Second quarter of the current consolidated cumulative period, the revenue increased due to increase inorders mainly in the AT (Automatic Automotive Drivetrain related business) segment, as well as passing on raw
material price increase to the selling price, and the impact of foreign exchange conversion due to the depreciationof the yen. In terms of profits, Operating profit increased due to increase in sales despite higher production costs
caused by high inflation.
The results for the second quarter of the current consolidated cumulative period were, Revenue ¥ 151.2 billion(increased by 9.4% from the same period of the previous fiscal year), Operating profit ¥ 6.4 billion (increased by
80.0% from the same period of the previous fiscal year), Profit before tax ¥ 8.1 billion (increased by 32.5% fromthe same period of the previous fiscal year), Profit attributable to owners of the parent company was ¥5.4 billion(increased by 38.8% from the same period of the previous fiscal year).

<Segment Information>
The summary by type of reportable segment is as follows.
[MT (Manual Automotive Drivetrain related business)]
Revenue was ¥35.6 billion (increased by 2.3% from the same period of the previous fiscal year). Segment profit
was ¥3.8 billion (decreased by 2.3% from the same period of the previous fiscal year) due to higher production
costs caused by high inflation, and due to decrease in order despite the sales increase by the impact of foreignexchange conversion because of the depreciation of the yen.
[AT (Automatic Automotive Drivetrain related business)]
Revenue was ¥98.3 billion (increased by 11.8% from the same period of the previous fiscal year). This was due tothe increase in orders, as well as passing on raw material price increase to the selling price, and the impact offoreign exchange conversion due to the depreciation of the yen. The segment profit was ¥2.0 billion (¥0.1 billion
segment loss in the same period of the previous fiscal year) due to increase in sales, despite higher production
costs caused by high inflation.
[TS (Industrial machine Drivetrain operations)]
Revenue was ¥7.5 billion (increased by 16.5% from the same period of the previous fiscal year). Segment profit
was ¥1.1 billion (increased by 120.1% from the same period of the previous fiscal year), due to an increase in sales
and cost reduction efforts.
[Others]
Revenue was ¥9.8 billion (increased by 8.3% from the same period of the previous fiscal year). Segment profit was¥0.5 billion (increased by 11.6% from the same period of the previous fiscal year) due to an increased sales ofmotorcycle clutches in the ASEAN region and cost reduction efforts.

<Location Information>
The summary by location is as follows.
[Japan]
Revenue was ¥62.2 billion (increased by 8.2% from the same period of the previous fiscal year). Operating profit
was ¥4.2 billion (increased by 137.9% from the same period of the previous fiscal year) due to increase in sales bypassing on raw material price increase to the selling price.
[Americas]
Revenue was ¥28.5 billion (increased by 14.0% from the same period of the previous fiscal year). Despite revenue
increased by the impact of exchange conversion due to the depreciation of the yen, the operating loss was ¥1.1
billion (¥1.3 billion operating loss in the same period of the previous year) due to higher production costs causedby high inflation.

2

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results[Asia and Oceania]
Revenue was ¥55.1 billion (increased by 7.2% from the same period of the previous fiscal year). This was due tothe increase in orders, as well as passing on raw material price increase to the selling price, and the impact offoreign exchange conversion due to the depreciation of the yen. Operating profit was ¥3.3 billion (increased by
4.7% from the same period of the previous fiscal year) due to increase in sales.
[Others]
Revenue was ¥5.4 billion (increased by 24.9% from the same period of the previous fiscal year). Operating profit
was ¥0.2 billion (decreased by 13.0% from the same period of the previous fiscal year) due to soaring raw material
prices, despite an increase in sales.
(2) Explanation of Financial Position.
In terms of the assets at the end of this second quarter consolidated accounting period, the total assets were¥342.3 billion (¥331.9 billion at the end of the previous consolidated fiscal year), it increased by ¥10.4 billion (3.1%)
from the end of the previous fiscal year. The main contents are ¥7.3 billion increase in Cash and cash equivalents,¥2.7 billion increase in Trade and other receivables , ¥0.9 billion increase in Investments in Equity Instruments,¥0.7 billion increase in Inventories, and 0.9 billion decrease in Tangible fixed assets.
Total liabilities were ¥91.8 billion (¥92.0 billion at the end of the previous consolidated fiscal year), it decreased by¥0.2 billion (0.2%) from the end of the previous fiscal year. The main contents are ¥1.4 billion decrease in corporate
Bonds and borrowings, ¥0.8 billion increase in Trade and other payables, and ¥0.3 billion increase in Other noncurrent liabilities.
Total equity was ¥250.5 billion (¥239.9 billion in the previous consolidated fiscal year), it increased by ¥10.6 billion(4.4%) from the end of the previous fiscal year. The main contents are ¥7.1 billion increase in Other componentsof equity due to an increase in the conversion difference of foreign operation due to the depreciation of the yen and¥3.3 billion increase in Retained earnings (¥5.4 billion increase due to the Profit attributable to owners of the parent
company, and ¥2.1 billion decrease due to the Appropriation of surplus (dividend)).
(3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information
As of today, we have revised the consolidated financial forecast for the fiscal year ending March 31, 2024, which
was announced on April 28, 2023. For the details, please refer to the "Notice of Revision of Consolidated Financial
Forecast" announced today.
This forecast is based on the premise that there will be no large-scale suspension of business activities or sharp
exchange rate fluctuations. If these premises are expected, this forecast may be revised.
The exchange rate is assumed to be ¥141 per US dollar.

3

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Statement of Financial Position
As of March 31, 2023

As of September 30, 2023

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

59,53866,836

Trade and other receivables

53,92956,632Other financial assets

2,155

2,107

Inventories

44,19844,914

Other current assets

3,634

2,793

Total current assets

163,454

173,282

Property, plant and equipment

154,632

153,763

Goodwill and intangible assets

2,939

2,796

272

594

1,810

2,752

Other financial assets

96

93

Deferred tax assets

6,366

6,702

Retirement benefit asset

1,206

1,213

Other non-current assets

1,100

1,098

Total non-current assets

168,421

169,011331,875

342,293

Non-current assets

Investments accounted for using equity method
Investments in Equity Instruments

Total assets

4

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results
As of March 31, 2023

As of September 30, 2023

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

8,228

7,412

Trade and other payables

37,78938,582Other financial liabilities

545

606

Income taxes payable

1,664

1,436

Employee benefits accruals

2,336

2,408

Provisions

2,186

2,116

Other current liabilities

3,379

3,332

Total current liabilities

56,12755,892

Bonds and borrowings

25,42324,884

Other financial liabilities

1,076

1,056

Retirement benefit liability

6,609

6,716

697

922

Other non-current liabilities

2,042

2,294

Total non-current liabilities

35,84835,873

91,97591,765

Share capital

8,284

8,284

Capital surplus

7,541

7,538

Treasury shares(3,709)(3,687)

Other components of equity

10,63917,769Retained earnings

202,808

206,064

Total equity attributable to owners of parent

225,563

235,968

Non-controlling interests

14,33814,560Total equity

239,901

250,528

331,875

342,293

Non-current liabilities

Deferred tax liabilities

Total liabilities
EquityTotal liabilities and equity

5

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results(2) Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)

FY2022 2nd Quarter

FY2023 2nd Quarter(April 1, 2022 through(April 1, 2023 throughSeptember 30, 2022)

September 30, 2023)

Millions of yen

Millions of yen

Revenue

138,206

151,195

Cost of sales

118,147

127,427

Gross profit

20,05923,767

Selling, general and administrative expenses

16,372

17,430

Other income

545

505

Other expenses

659

411

Operating profit

3,573

6,431

Finance income

2,958

2,127

Finance costs

477

514

Share of profit of investments accounted for using

43

32

Profit before tax

6,097

8,076

Income tax expense

1,842

2,170

Profit

4,255

5,906

3,867

5,369

388

537

4,255

5,906

82.39

114.33equity method

Profit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share
Basic and diluted earnings per share

6

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results(Quarterly Consolidated Statement of Comprehensive Income)
FY2022 2nd Quarter

FY2023 2nd Quarter(April 1, 2022 through(April 1, 2023 throughSeptember 30, 2022)

September 30, 2023)

Millions of yen

Millions of yen

Profit

4,255

5,906

(70)

216

(70)

216

9,382

7,735

6

7

9,388

7,742

Total other comprehensive income

9,318

7,958

Comprehensive income

13,573

13,864

Owners of parent

12,285

12,499Non-controlling interests

1,288

1,365

Comprehensive income

13,573

13,864

Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments
designated as measured at fair value throughother comprehensive income
Total of items that will not be reclassified to profit
or loss
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign
operations
Share of other comprehensive income ofinvestments accounted for using equity method
Total of items that may be reclassified to profit or loss

Comprehensive income attributable to7

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results(3) Quarterly Consolidated Statement of Changes in Equity
Previous second quarter consolidated cumulative period(April 1, 2022 through September 30, 2022)
Equity attributable to owners of parent
Other components of equity

Exchangedifferencesontranslation offoreign
operations

Net change infair value ofequityinstruments
designated asmeasured atfair value
through othercomprehensiv
e income

Total

Share capital

Capital surplus

Treasury shares

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

8,284

7,555

(3,768)

7,274

250

7,524

Profit for the period

-

-

-

-

-

-

Other comprehensive income

-

-

-

8,488

(70)

8,418

Balance as of April 1, 2022

Comprehensive income

-

-

-

8,488

(70)

8,418

Purchase of treasury shares

-

-

(0)

-

-

-

Disposal of treasury shares

-

(13)

55

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based remuneration transactions

-

(14)

-

-

-

-

Transfer to retained earnings
Total transactions with owners
Total changes in equity
Balance as of September 30, 2022

-

-

-

-

(329)

(329)

-

(27)

54

-

(329)

(329)

-

(27)

54

8,488

(399)

8,089

8,284

7,528

(3,713)

15,761(149)

15,613Equity attributable to owners ofparentRetained
Total
earnings

Non-controllinginterests

Total

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Balance as of April 1, 2022

202,160

221,756

14,267

236,023

Profit for the period

3,867

3,867

388

4,255

-

8,418

900

9,318

3,867

12,285

1,288

13,573Purchase of treasury shares

-

(0)

-

(0)

Disposal of treasury shares

-

41

-

41

(2,346)(2,346)(1,225)(3,571)(14)

Other comprehensive income
Comprehensive income

Dividends of surplus
Share-based remuneration transactions
Transfer to retained earnings
Total transactions with owners

-

(14)

-

329

-

-

-

(2,017)(2,319)(1,225)(3,544)

Total changes in equity

1,850

9,966

63

10,029Balance as of September 30, 2022

204,011

231,722

14,330246,052

8

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results

Current second quarter consolidated cumulative period(April 1, 2023 through September 30, 2023)
Equity attributable to owners of parent
Other components of equity

Exchangedifferencesontranslation offoreign
operations

Net change infair value ofequityinstruments
designated asmeasured atfair value
through othercomprehensiv
e income

Total

Share capital

Capital surplus

Treasury shares

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

8,284

7,541

(3,709)11,454(815)

10,639Profit for the period

-

-

-

-

-

-

Other comprehensive income

-

-

-

6,914

216

7,130

Balance as of April 1, 2023

Comprehensive income

-

-

-

6,914

216

7,130

Purchase of treasury shares

-

-

(0)

-

-

-

Disposal of treasury shares

-

1

23

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based remuneration transactions

-

(4)

-

-

-

-

Transfer to retained earnings
Total transactions with owners
Total changes in equity
Balance as of September 30, 2023

-

-

-

-

-

-

-

(3)

22

-

-

-

-

(3)

22

6,914

216

7,130

8,284

7,538

(3,687)18,368(599)

17,769Equity attributable to owners ofparentRetained
Total
earnings

Non-controllinginterests

Total

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Balance as of April 1, 2023

202,808

225,563

14,338239,901

Profit for the period

5,369

5,369

537

5,906

-

7,130

828

7,958

5,369

12,4991,365

13,864Purchase of treasury shares

-

(0)

-

(0)

Disposal of treasury shares

-

24

-

24

(2,113)(2,113)(1,142)(3,255)

Share-based remuneration transactions

-

(4)

-

(4)

Transfer to retained earnings

-

-

-

-

(2,113)(2,093)(1,142)(3,236)

Other comprehensive income
Comprehensive income

Dividends of surplus

Total transactions with owners
Total changes in equity

3,256

10,406

222

10,628

Balance as of September 30, 2023

206,064

235,968

14,560250,528

9

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results(4) Quarterly Consolidated Statement of Cash FlowsFY2022 2nd Quarter

FY2023 2nd Quarter(April 1, 2022 throughSeptember 30, 2022)(April 1, 2023 throughSeptember 30, 2023)

Millions of yen

Millions of yen

Cash flows from operating activities
Profit before tax
Depreciation and amortization
Interest and dividend income
Interest expenses
Share of loss (profit) of investments accounted forusing equity method
Foreign exchange loss (gain)
Decrease (increase) in inventories
Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
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
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
Dividends paid
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes 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

10

6,097
9,985
(135)
379
(43)

8,076
9,590
(184)
355

(1)
(826)
1,225
(19)
(331)
16,332160(380)(4,923)
11,189

(0)
2,126
(421)
(609)
600
19,500263(400)(2,396)
16,967(1,196)
1,295(4,405)
29
(258)
(511)
944
(11)
(4,114)(1,143)
1,472(4,735)
30
(186)
(677)
(260)
(5,499)6,467(3,074)425(5,321)(2,350)(1,485)(5,337)
1,272

4,472
(5,001)484(2,034)(2,114)(1,402)(5,595)

3,009
55,40758,416

7,298
59,53866,836

(32)

1,426

EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results(5) Notes on Quarterly Consolidated Financial Statements(Notes for Going Concern)
Not applicable(Change in Accounting Policy)
Not applicable(Change in Accounting Estimate)
Not applicable(Segment Information)(1) Overview of Reportable Segments
The reportable segments are components of business activities for which discrete, and such information isregularly reviewed by the Company’s Board of Directors to make decisions about the allocation of resources
and assess its performance.
The Company and its consolidated subsidiaries are mainly engaged in the manufacture and sale ofautomotive parts. From the aspects of function, technological specification and productive structure, theproduct lines of the Company are classified roughly into 3 group, "Manual Transmission Parts", "AutomaticTransmission Parts" and “Industrial machine Drivetrain Parts”. The Company, in corporation with its
consolidated subsidiaries, design business strategy and conduct business for these 3 product lines inside
Japan and overseas. Accordingly, the reportable segments of the Company are composed of 3 segments, "MT(Manual Automotive Drivetrain related business)" which manufactures and sells Manual Transmission Parts,"AT (Automatic Automotive Drivetrain related business)" which manufactures and sells Automatic Transmission
Parts and “TS (Industrial machine Drivetrain operations)” which manufactures and sells parts for construction
machinery and industrial vehicles
The segment information for the second quarter of the previous fiscal year is disclosed based on the reporting
segment classification for the Second quarter of the current fiscal year.
(2) Information of Revenue, Profit and Loss by Segment and The Amount of Other Important Items.
Previous second quarter consolidated cumulative period (April 1, 2022 to September 30, 2022)(Million Yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

TS

Total

34,77487,9786,440

129,192

9,014-

138,206

156

313

27

496

2,649

(3,145)-

Total

34,93088,2916,467

129,688

11,663(3,145)

138,206

Segment Profit (Loss) (Note 3)

3,916

(63)

521

4,374

405

(1,207)

3,573

Revenue
External Customers
Intersegments (Note 2)

Finance Income

2,958

Finance Costs

477

Share of profit of investments accounted for using equity method

43

Profit before Tax

6,097(Note) 1. Other includes businesses which is not part of any of the reportable segments, and contain clutches
for motorcycle operation, transport operation, etc.
2. Amount of intersegments transactions is based on market price.
3. Segment profit (loss) is based on operating profit on quarterly consolidated income statement.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.

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EXEDY Corporation (7278) FY2023 2nd Quarter Financial Results
Current second quarter consolidated cumulative period (April 1, 2023 to September 30, 2023)(Million Yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

TS

Total

35,576

98,347

7,505

141,428

9,766-

151,195

144

276

31

451

2,589

(3,040)-35,71998,624

7,537

141,879

12,355(3,040)151,195

3,824

2,043

1,146

7,014

452

(1,035)

6,431

Revenue
External Customers
Intersegments (Note 2)
Total
Segment Profit (Note 3)
Finance Income

2,127

Finance Costs

514

Share of profit of investments accounted for using equity method

32

Profit before Tax

8,076(Note) 1. Other includes businesses which is not part of any of the reportable segments, and contain clutches
for motorcycle operation, transport operation, etc.
2. Amount of intersegments transactions is based on market price.
3. Segment profit is based on operating profit on quarterly consolidated income statement.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.

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