EXEDY Corporation (7278) FY2019 Financial Results

FY2019 Consolidated Financial Results〔IFRS〕(English translation extracted from the original Japanese document)
April 30, 2020
Tokyo Stock Exchange
Company Name:
Code No.:
URL:
Representative:
Contact Person:

EXEDY Corporation
7278
http://www.exedy.com
Hidehito Hisakawa, President
Hiroshi Toyohara, Tel: +81-72-822-1152
Director, Senior Executive Managing Officer/Administrative Headquarters Executive General Manager

Scheduled Date for the General Shareholders Meeting: June 26, 2020
Scheduled Payment Date for Dividends: June 29, 2020
Scheduled Filing Date for Annual Securities Report on EDINET: June 26, 2020
Additional Materials for FY2019 Financial Results: None
Briefing Session for FY2019 Financial Results: To be decided (For analysts and professional investors)

1. FY2019 Consolidated Performance (April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results (Cumulative)(Note: All amounts less than one million yen is rounded off)
(Percentage of change from previous year)
Revenue

FY2019FY2018Operating Profit

Income before
Income Taxes

ProfitProfit Attributable to
Owners of Parent

Total
Comprehensive
IncomeMillions of yen%

millions ofyen%millions ofyen%millions ofyen%millions ofyen%millions ofyen%

263,899
282,398△6.6△0.3

16,751
19,626

△14.6
△17.6

14,964
19,039

△21.4
△15.4

10,822
13,334

△18.8
△19.3

9,492
12,967

△26.8
△17.9

4,595
13,688

△66.4
△15.2

Basic Earnings
per Share

Diluted Earnings
per Shareyen
198.34269.52FY2019FY2018yen-

Ratio of Profit
to Equity Attributableto Owners of Parent%

Ratio of Income
before Income Taxes
to Total Assets
%

4.8
6.6

4.9
6.1

Ratio of
Operating Profit
to Revenue
%
6.3
6.9

(Reference) Equity in Earnings of Affiliates is ¥ 20.0 million for FY2019 and ¥ 26.0 million for FY2018.

(2) Consolidated Financial Position

FY2019FY2018millions of yen

Ratio for Equity
Attributableto Owners of Parent%

Equity per Share
Attributableto Owners of Parent
yen

196,938
200,15365.4
64.2

4,200.17
4,157.72

Equity Attributableto Owners of Parent

Total Assets

Total Equity

millions of yen

millions of yen

301,019
311,975

208,709
212,026(3) Consolidated Cash Flows
Cash Flows
Cash Flows
Cash Flows
Balance of Cash and Cashfrom Operating Activities from Investing Activities from Financing Activities Equivalents at End of Period
FY2019FY2018millions of yen

millions of yen

millions of yen

millions of yen

36,10331,760△26,515△27,763△8,638△3,26045,41645,413

EXEDY Corporation (7278) FY2019 Financial Results
2. Dividends
Annual Dividends per ShareFY2018FY2019

1st
Quarteryen-

2ndQuarter
yen
45.00
45.00

3rd
Quarteryen-

FiscalYear-end
yen
45.00
45.00

Total Dividends

Payout Ratio

millions of yen
4,336
4,280

%
33.4
45.4

Total
yen
90.00
90.00

Ratio of Dividend
to Equity Attributableto Owners of Parent
%
2.2
2.1

Dividends per share of FY2020 is to be decided.

3. FY2020 Consolidated Performance Forecast (April 1, 2020 to March 31, 2021)
Due to the spread of the COVID-19, restrictions on going out and moving around the world have kept business activities
stagnant. There are no signs of the COVID-19 convergence, it is difficult to make a reasonable forecast of FY2020 at thispoint. We will promptly disclose the forecast when it becomes possible to do so.

※ General Notes(1) Significant Changes in Scope of Consolidation: None
(2) Changes in Accounting Policies, Accounting Estimations① Changes in accounting policies required by IFRS：Yes
② Changes in accounting policies except ①：None③ Changes in accounting estimates：None※(Note) For details, refer to attachment p.11 “3. Consolidated Financial Statements andMain Notes (5) Notes on Consolidated Financial Statements”(3) Number of Outstanding Shares (Ordinary shares)①Number of shares outstanding at the
FY201948,593,736 shares
FY201848,593,736 shares
end of period (including treasury shares)②Number of treasury shares at the end
FY20191,705,655 shares
FY2018453,621 sharesof period③Average number of ordinary shares
FY201947,859,341 shares
FY2018
48,113,914 shares
outstanding during the period(Note) The shares held within the ESOP trust accounts (FY2019 26,700 shares, FY2018 37,000 shares) are
included in the number of Treasury Shares at end of period. Furthermore, the shares held within the ESOP and BIP
trust accounts are included in Treasury Shares that are deducted in the calculation of the average number of sharesfor the period. (FY2019 30,754 shares, FY2018 67,843 shares)※ This Financial Report is not subject to be audited by CPA or auditor.
※ Regarding the appropriate use of performance 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. Regarding to notes of usage and performance forecast assumptions, please refer to attachment p.3,
1. Overview of business results etc. (4) Future outlook.

EXEDY Corporation (7278) FY2019 Financial Results

Table of Contents of Attachments
1. Overview of Operating Results etc. ………………………………………………………………………………………
(1) Overview of Operating Results for Current Period……………...…………………………………………………
(2) Overview of Financial Position for Current Period...………………………………………………………………
(3) Overview of Cash Flow for the Current Period…………………………………………………………………….
(4) Future Outlook….…………………………………………………………………………………………………….
2. Basic Way of Thinking Regarding to Selection of Accounting Standard……………………………………………….
3. Consolidated Financial Statements and Main Notes…………………………………………………………………...
(1) Consolidated Statement of Financial Position………………………………………………………………………
(2) Consolidated Statement of Income/Consolidated Statement of Comprehensive Income…………………….

2
2
3
3
3
4
4
4
6

(3) Consolidated Statement of Changes in Equity…………………………………………………………………….

8(4) Consolidated Statement of Cash Flows……………………………………………………………………………
(5) Notes on Consolidated Financial Statements………………………………………………………………………
(Notes for Going Concern) ……………………………………………………………………….………………….
(Change of Accounting Policy) ………………………………………………………………………………………
(Segment Information) ……………………………………………………………………………………………….
(Per Share Information) ………………………………………………………………………………………………
(Significant Subsequent Events) …………………………………………………………………………………….

10
11
11
11
11
12
12

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EXEDY Corporation (7278) FY2019 Financial Results

1. Overview of Operating Results etc.
(1) Overview of Operating Results for Current Period
In the first half of the current consolidated fiscal year, the Chinese market slowed down, and in the second half ofthe year, business activities stagnated due to the global epidemic of COVID-19, so orders in each market decreased
and revenue declined. In terms of profits, we tried to reduce costs, however, profit declined as a result of decline
in revenue, and also we recognized impairment loss on production facilities of subsidiaries in US and India, becauseof sluggish orders for products in the US and India markets are not expected to recover in the short term.
Performance of current consolidated fiscal year are, Revenue: ¥ 263.9 billion (6.6% decreased from previous year),
Operating profit: ¥ 16.8 billion (14.6% decreased from previous year), Income before income taxes: ¥ 15.0 billion(21.4% decreased from previous year), profit attributable to owners of parent ¥ 9.5 billion (26.8% decreased fromprevious year).
① Segment Information
The summary by type of reportable segment is as follows[MT (Manual Automotive Drivetrain related business)]
Revenue decreased by 8.5% from previous year to ¥ 62.6 billion. Segment profit decreased by 12.1% to ¥ 8.2
billion due to decrease in revenue and recording an impairment loss at subsidiaries in India.
[AT (Automatic Automotive Drivetrain related business)]
Revenue decreased by 4.8% from previous year to ¥ 172.5 billion. Segment profit increased by 5.2% from previous
year to ¥ 9.1 billion due to decrease in amount of impairment loss recorded at subsidiaries in US, despite sluggish
sales.
[Others]
Revenue decreased by 12.3% from previous year to ¥ 28.8 billion. Segment profit decreased by 67.2% fromprevious year to ¥ 0.9 billion due to decrease in revenue and recording an impairment loss at subsidiaries in India.
② Location Information
The summary by location is as follows[Japan]
Revenue decreased by 4.3% from previous year to ¥ 124.9 billion. Operating profit decreased by 21.5% fromprevious year to ¥ 9.3 billion due to decrease in revenue.
[North and Central America]
Revenue decreased by 12.9% from previous year to ¥ 45.1 billion. Despite the decrease in revenue, operating
profit was ¥ 0.3 billion (¥ 1.5 billion operating loss in previous year) due to the above-mentioned decrease in amountof impairment loss.
[Asia and Oceania]
Revenue decreased by 5.3% from previous year to ¥ 86.9 billion. Operating profit decreased by 24.6% fromprevious year to ¥ 6.9 billion due to the above-mentioned impairment loss.
[Others]
Revenue decreased by 15.2% from previous year to ¥ 7.1 billion. Operating profit decreased by 44.4% fromprevious year to ¥ 0.2 billion due to decrease in revenue.

2/12

EXEDY Corporation (7278) FY2019 Financial Results(2) Overview of Financial Position for Current Period
Total assets at the end of current consolidated fiscal year were ¥ 301.0 billion, decreased ¥ 11.0 billion from theend of previous year. The main details were ¥ 6.2 billion decrease in trade and other receivables, ¥ 2.8 billion
decrease in property, plant and equipment.
Total liabilities were ¥ 92.3 billion, decreased ¥ 7.6 billion from the end of the previous year. The main details were
¥ 5.8 billion decrease in trade and other payables.
Total equity amounted to ¥ 208.7 billion, decreased ¥ 3.3 billion from the end of the previous year. The main details
were decrease of ¥ 2.7 billion due to increase in treasury shares, decrease of ¥ 5.6 billion in other components ofequity, increase of ¥ 5.1 billion in retained earnings. The ratio for equity attributable to owners of the parent
company was 65.4% (64.2% at the end of the previous year).
(3) Overview of Cash Flow for the Current Period
Balance of cash and cash equivalents (hereinafter referred to as “funds”) for the current consolidated fiscal year
increased ¥ 0 billion from the end of the previous consolidated fiscal year, to ¥ 45.4 billion at the end of the current
consolidated fiscal year. The status of each cash flow in the current consolidated fiscal year and their factors are
as follows.
(Cash flow from operating activities)
The funds acquired by cash flow from operating activities increased by 13.7% from previous year to ¥ 36.1 billion.
The main breakdown of the increase was income before income taxes ¥15.0 billion, depreciation and amortization
expenses ¥ 18.5 billion.
(Cash flow from investing activities)
The funds used by cash flow from investing activities decreased by 4.5% from previous year to ¥ 26.5 billion. The
main breakdown was expenditure for acquisition of tangible fixed assets ¥ 25.7 billion.
(Cash flow from financing activities)
The funds used by cash flow from financing activities increased by 164.9% from previous year to ¥ 8.6 billion. The
main breakdown was the dividend payment of ¥ 4.3 billion, expenditure for acquisition of treasury shares ¥ 2.8
billion.
(Reference) Trends of cash flow associated indicators
FY 2018

FY 2019

Ratio for Equity Attributable to
Owners of Parent（%）

64.2

65.4

Ratio for Equity Attributable to
Owners of Parent at fair value（%）

37.0

24.9

Ratio of Cash flow to Interest-bearing
debt (year)

1.4

1.2

Interest coverage ratio (times)

31.7

35.5

Ratio for equity attributable to owners of parent: Equity attributable to owner of parent company/Total Assets
Ratio for equity attributable to owners of parent at fair value: Market capitalization/Total Assets
Ratio of Cash flow to Interest-bearing debt: Interest-bearing debt/Operating cash flow
Interest coverage ratio: Operating cash flow/Interest payment(Note 1) All figures are calculated based on consolidated financial figures.
(Note 2) Market capitalization is calculated based on the number of issued shares excluding treasury stock.
(Note 3) Interest-bearing debt refers to all debts for which interest is paid among debts recorded on theConsolidated Statement of Financial Position.
(Note 4) The figures of operating cash flow and Interest payments are “Cash flow from operating activities” and“Payment amount of interest” recorded on the Consolidated Statement of Cash Flow.
(4) Future Outlook
Due to the spread of the COVID-19, restrictions on going out and moving around the world have kept businessactivities stagnant. There are no signs of the COVID-19 convergence, it is difficult to make a reasonable forecast
of FY2020 at this point. We will promptly disclose the forecast when it becomes possible to do so.

3/12

EXEDY Corporation (7278) FY2019 Financial Results

2. Basic Way of Thinking Regarding to Selection of Accounting Standard
The Group company applies IFRS to improve the international comparability of financial information in the capital
markets.

3. Consolidated Financial Statements and Main Notes(1)

Consolidated Statement of Financial Position
FY2018(March 31, 2019)

FY2019(March 31, 2020)

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

45,41345,416

Trade and other receivables

49,24643,025

Other financial assets

1,465

1,846

Inventories

33,61133,499Other current assets

2,817

2,344

Total current assets

132,552

126,130

Property, plant and equipment

167,572

164,771

Goodwill and intangible assets

3,640

3,197

153

151

2,944

1,508

Non-current assets

Investments accounted for using equity method
Investments in Equity Instruments
Other financial assets

138

126

Deferred tax assets

2,688

3,067

Retirement benefit asset

1,063

991

Other non-current assets

1,225

1,077

Total non-current assets

179,422

174,889

311,975

301,019

Total assets

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EXEDY Corporation (7278) FY2019 Financial Results
FY2018(March 31, 2019)

FY2019(March 31, 2020)

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

7,745

7,538

Trade and other payables

37,722

31,936

Other financial liabilities

124

482

Income taxes payable

1,965

1,625

Employee benefits accruals

1,448

1,588

Provisions

2,840

2,314

Other current liabilities

1,632

1,948

Total current liabilities

53,47647,430Bonds and borrowings

38,12436,509Other financial liabilities

182

736

Retirement benefit liability

6,081

6,376

Deferred tax liabilities

1,368

159

Non-current liabilities

Other non-current liabilities

718

1,101

Total non-current liabilities

46,47344,881

99,94992,311

8,284

8,284

Total liabilities
EquityShare capital
Capital surplus

7,590

7,582

Treasury shares
Other components of equity△1,144Retained earnings△783△3,859186,206

191,319

Total equity attributable to owners of parent

200,153

196,938

Non-controlling interests

11,873

11,771

Total equity

212,026

208,709

311,975

301,019

Total liabilities and equity

5/12△6,389

EXEDY Corporation (7278) FY2019 Financial Results(2)

Consolidated Statement of Income/Consolidated Statement of Comprehensive Income(Consolidated Statement of Income)
FY2018(April 1, 2018 to March 31, 2019)

FY2019(April 1, 2019 to March 31, 2020)

Millions of yen

Millions of yen

Revenue

282,398

263,899

Cost of sales

229,799

214,115Gross profit

52,59849,785

Selling, general and administrative expenses

31,39530,432Other income

1,602

1,144

Other expenses

3,179

3,745

Operating profit

19,626

16,751

Finance income

407

355

Finance costs

1,020

2,163

26

20

19,03914,964

Share of profit of investments accounted for using equity
methodIncome before Income Taxes
Income tax expense

5,704

4,143

Profit13,334

10,822

12,967

9,492

367

1,329

13,334

10,822269.52

198.34

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

6/12

EXEDY Corporation (7278) FY2019 Financial Results(Consolidated Statement of Comprehensive Income)
FY2018(April 1, 2018 to March 31, 2019)

FY2019(April 1, 2019 to March 31, 2020)

Millions of yen

Millions of yen

Profit13,334

10,822△459△1,154

Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments designatedas measured at fair value through other comprehensive
income△6

Remeasurements of defined benefit plans
Total of items that will not be reclassified to profit or loss

△32

△465

△1,185819△5,043

Items that may be reclassified to profit or loss
Exchange differences on translation of foreign operations
Share of other comprehensive income of investments△0

accounted for using equity method
Total of items that may be reclassified to profit or loss

354

△5,042

13,688△6,227

4,595

819

Total other comprehensive income
Comprehensive income2

Comprehensive income attributable to
Owners of parent

13,113

3,854

Non-controlling interests

575

741

Comprehensive income

13,688

4,595

7/12

EXEDY Corporation (7278) FY2019 Financial Results(3)

Consolidated Statement of Changes in Equity
Previous fiscal year
(April 1, 2018 to March 31, 2019)
Equity attributable to owners of parent
Other components of equity
Net change infair value of

SharecapitalCapitalsurplusTreasurysharesequityExchangedifferences ontranslation offoreign
operations

instruments

Re-

designated asmeasurements

measured at fairof definedvalue throughbenefit plans

Total

other
comprehensive
incomeBalances as of April 1, 2018

Millions

Millions

Millions ofMillions ofof yenof yenyen

yen△1,367△2,256
-

-

610

8,284

7,656

Profit--Other comprehensive income

-

-

Total

-

-

-

-

-

-

-

-

-

△8

6

△2

△467

224

-

Dividends of surplus

-

-

-

-

△66

Balances as of March 31, 2019

8,284

ProfitOther comprehensive income
Total

-

-

223

-

223

610

7,590

△1,144△1,646

△8

6
-

143

863

-

△783

Equity attributable to owners ofparentRetained
Total
earnings

Noncontrollinginterests

Total

Millions ofMillions ofMillions of

yen

yen

yen

177,808

191,455

12,177

203,631

12,967

12,967367

13,334

-

146

208

354

12,967

13,113575

13,688△1-Millions of yen
Balances as of April 1, 2018

-

△66
△66

-

△459

△1

Purchase of treasury shares-

Disposal of treasury shares

-

224

-

224

△4,572△4,572△879△5,451

2--△4,570△4,415△879△5,294

186,206

200,153

11,873

212,026

Dividends of surplus
Share-based payment transactions
Transfer to retained earnings
Total transactions with owners
Total changes in equity
Balances as of March 31, 2019

-

8,397

△66

8,698

8/12

-

146

-

-

-

△6

-

-

Total changes in equity

△459

△926

-

Disposal of treasury shares

-

-

-

-

-

-

-

-

610

△1

Total transactions with owners

1,330

146

-

-

Transfer to retained earnings

Millions of yen

-

-

-

transactions

Millions of yen△6-

Purchase of treasury shares

Share-based payment

Millions of yen

-

△304

△66
-

8,394

△2

EXEDY Corporation (7278) FY2019 Financial Results

Current fiscal year
(April 1, 2019 to March 31, 2020)
Equity attributable to owners of parent
Other components of equity
Net change infair value of

SharecapitalCapitalsurplusequityExchange

Treasurysharesdifferences ontranslation offoreign
operations

instruments

Re-

designated asmeasurements ofmeasured atdefined benefit

fair value

plans

Total

through othercomprehensiv
e income

Balances as of April 1, 2019
Cumulative effect of accounting change

Millions ofMillions

Millions ofyenof yen

yen

8,284

7,590

-

-

8,284

7,590

Profit--Other comprehensive income--

Restated balance

Total

Millions ofMillions of yen

Millions of yen

Millions of yen△1,144△1,646

863

-

-

-

-

△1,144△1,646

863

-

yen

-

△783
-

△783

-

-

-

△4,453△1,154△32△5,638----△4,453△1,154△32-△5,638---Purchase of treasury shares-

Disposal of treasury shares-△2△2,765
50

-

-

-

-

Dividends of surplus

-

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

-

Transfer to retained earnings

-

-

-

-

-

32

32

Total transactions with owners-△2,715

-

32

32

-

△7

-

Total changes in equity△3,859△1,154-

7,582△4,453△5,606

Balances as of March 31, 2020

Balances as of April 1, 2019
Cumulative effect of accounting change
Restated balance
ProfitOther comprehensive income
Total
Purchase of treasury shares
Disposal of treasury shares
Dividends of surplus
Share-based payment transactions
Transfer to retained earnings
Total transactions with owners
Total changes in equity
Balances as of March 31, 2020

△5

△7

8,284

△2,715△6,099△290

Equity attributable to owners ofparentRetained
Total
earnings

Noncontrollinginterests

Total

Millions ofMillions ofMillions ofMillions of

yen

yen

yen

yen

186,206

200,153

11,873

212,026△14

186,192

△14

-

△14

200,139

11,873

9,492

9,492

1,329

10,822-△5,638△589△6,227△2,767-△2,767

9,492
-

3,854

741

212,012

4,595

44

-

△4,333

△843

-

-

-

△4,365△7,056△843△7,898191,319

196,938

11,771

208,709△4,333
-

△32

5,127

-

△3,201

9/12

-

△102

44

△5,176-△3,303-△6,389

EXEDY Corporation (7278) FY2019 Financial Results(4)

Consolidated Statement of Cash FlowsFY2018(April 1, 2018 to March 31, 2019)

FY2019(April 1, 2019 to March 31, 2020)

Millions of yen

Millions of yen

Cash flows from operating activities
Profit before tax

19,03914,964

Depreciation and amortization

17,881

18,464

Impairment losses

2,224

2,416

Interest and dividend income

△377
839

△330

△26

△20

△957

5,982

△1,227

Other△4,779905△399

Subtotal

40,77742,454

Interest expenses
Share of loss (profit) of investments accounted for using
equity method
Foreign exchange loss (gain)

45

Decrease (increase) in inventories
Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables

Interest and dividends received
Interest paid

Cash flows from operating activities

58

4,754

2,752

363

321

△1,001△1,016

31,76036,103△8,380

Income taxes paid

1,021

△5,656

Cash flows from investing activities△50

Payments into time deposits△650△26,991489△25,662△1,221
10△633△27,763△26,515

Proceeds from short-term borrowings

2,210

4,144

Repayments of short-term borrowings△2,8279,152△4,750△6,323△5,433△4,572△4,333Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Other
Cash flows from investing activities

291

140

Cash flows from financing activities

Proceeds from long-term borrowings
Repayments of long-term borrowings△1

Purchase of treasury shares
Dividends paid

△899

Other

△3,260Cash flows from financing activities△21

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 at end of period

10/12

5,484

△2,765△985△8,638715△948

44,69845,41345,41345,416

3

EXEDY Corporation (7278) FY2019 Financial Results(5) Notes on Consolidated Financial Statements(Notes for Going Concern)
Not Applicable(Change of Accounting Policy)
Starting from current consolidated fiscal year, Company has adopted IFRS 16: (Leases, announced in January
2016, hereinafter referred to as “IFRS 16”).
Group Companies applied IFRS 16 retrospectively in accordance with transitional measures and recognizes the
cumulative effect of the application as an adjustment to the beginning balance of retained earnings in current
consolidated fiscal year. The adoption of this standard has no significant effect on summary of consolidated
financial statements.
(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 2 group, "Manual Transmission Parts" and "AutomaticTransmission Parts". The Company, in corporation with its consolidated subsidiaries, design business strategy
and conduct business for these 2 product lines inside Japan and overseas. Accordingly, the reportablesegments of the Company are composed of 2 segments, "MT (Manual automotive drivetrain related business)"which manufactures and sells Manual Transmission Parts and "AT (Automatic automotive drivetrain related
business)" which manufactures and sells Automatic Transmission Parts.
(2) Information of Revenue, Profit and Loss by Segment and The Amount of Other Important Items.
FY2018 (April 1, 2018 to March 31, 2019)(Millions of yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

Total

68,481

181,116

249,597

32,801-

282,398

Intersegments (Note 2)

201

2,228

2,429

6,619

-

Total

68,682

183,344

252,026

39,419△9,048Segment Profit (Note 3)

9,282

8,650

17,931

2,776

Revenue
External Customers

Financial Income△9,048△1,081

282,398
19,626407

Finance Expenses

1,020

Equity in Earnings ofAffiliates

26

Income before IncomeTaxes

19,039(Note) 1. Other includes businesses which is not part of any of the 2 reportable segments, and contain
industrial machine drive train operation, 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 summary of quarterly consolidated statement ofincome.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.

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EXEDY Corporation (7278) FY2019 Financial Results
FY2019 (April 1, 2019 to March 31, 2020)(Millions of yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

Total

62,632

172,487

235,119

28,780-263,899

Intersegments (Note 2)

127

1,814

1,941

6,462

-

Total

62,759174,301

237,060

35,243△8,403

Segment Profit (Note 3)

8,155

9,100

17,255911

Revenue
External Customers

Financial Income△8,403

263,899△1,414

16,751
355

Finance Expenses

2,163

Equity in Earnings ofAffiliates

20

Income before IncomeTaxes

14,964(Note) 1. Other includes businesses which is not part of any of the 2 reportable segments, and contain
industrial machine drive train operation, 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 summary of quarterly consolidated statement ofincome.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.
(Per Share Information)
Basis for calculating profit per share is as follows. There are no potentially dilutive ordinary shares during
previous consolidated fiscal year and current consolidated fiscal year.
1. Profit Attributable to Owners of Parent(Millions of yen)
FY2018(April 1, 2018 to March 31, 2019)

FY2019(April 1, 2019 to March 31, 2020)

12,967

9,492

Profit Attributable to
Owners of Parent
2. Average Number of Shares Outstanding during the Period

FY2018(April 1, 2018 to March 31, 2019)

FY2019(April 1, 2019 to March 31, 2020)

48,113,914

47,859,341

Average Number of Shares
Outstanding during the Period(Significant Subsequent Events)
Not applicable.

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