EXEDY Corporation (7278) FY2020 Financial Results

FY2020 Consolidated Financial Results〔IFRS〕(English translation extracted from the original Japanese document)
April 30, 2021
Tokyo Stock Exchange
Company Name:
Code No.:
URL:
Representative:
Contact Person:

EXEDY Corporation
7278
https://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 24, 2021
Scheduled Payment Date for Dividends: June 25, 2021
Scheduled Filing Date for Annual Securities Report on EDINET: June 24, 2021
Additional Materials for FY2020 Financial Results: Yes
Briefing Session for FY2020 Financial Results: Noe

1. FY2020 Consolidated Performance (April 1, 2020 to March 31, 2021)(1) Consolidated Operating Results (Cumulative)(Note: All amounts less than one million yen is rounded off)
(Percentage of change from previous year)
Revenue

FY2020FY2019Millions of yen%

227,420
263,899

△13.8
△6.6

Operating Profit

Income before
Income Taxes

millions ofyenmillions ofyen%millions of
yen

%

9,066
14,964

△39.4
△21.4

6,084
10,822

△43.8
△18.8

%

9,513 △43.2
16,751 △14.6

Basic Earnings
per Share

Diluted Earnings
per ShareYen
106.24
198.34FY2020FY2019yen-

ProfitProfit Attributable to
Owners of Parent

Total
Comprehensive
Incomemillions ofyen%millions of
yen

%

△47.5
△26.8

12,322
4,595

168.2
△66.4

4,983
9,492

Ratio of Profit
to Equity Attributableto Owners of Parent%

Ratio of Income
before Income Taxes
to Total Assets
%

2.5
4.8

3.0
4.9

Ratio of
Operating Profit
to Revenue
%
4.2
6.3

(Reference) Equity in Earnings of Affiliates is ¥ 8.0 million for FY2020 and ¥ 20.0 million for FY2019.

(2) Consolidated Financial Position

FY2020FY2019millions of yen

Ratio for Equity
Attributableto Owners of Parent%

Equity per Share
Attributableto Owners of Parent
Yen

203,927
196,93865.2
65.4

4,347.73
4,200.17

Equity Attributableto Owners of Parent

Total Assets

Total Equity

millions of yen

millions of yen

312,741
301,019

216,730
208,709(3) Consolidated Cash FlowsFY2020FY2019Cash Flows
from Operating Activities

Cash Flows
from Investing Activities

Cash Flows
from Financing Activities

Balance of Cash and Cash
Equivalents at End of Period

millions of yen

millions of yen

millions of yen

millions of yen

30,105
36,103△16,765△26,515△8,450△8,63851,56745,416

EXEDY Corporation (7278) FY2020 Financial Results
2. Dividends
Annual Dividends per ShareFY2019FY2020
FY2021(Forecast)

1st
Quarter

2nd
Quarter

3rd
Quarter

FiscalYear-end

yen
-

yen
45.00
30.00
40.00

yen
-

yen
45.00
30.00
40.00

Total
yen
90.00
60.00
80.00

Total Dividends

Payout Ratio

millions of yen
4,280
2,815
-

%
45.4
56.5
44.1

Ratio of Dividend
to Equity
Attributableto Owners of
Parent%2.1
1.4-

3. FY2021 Consolidated Performance Forecast (April 1, 2021 to March 31, 2022)(Note: All amounts less than one million yen is rounded off)
(Percentage of change from previous year)
Revenue

Q2 (YTD)
FY2021

Operating Profit

Millions of yen%

millions of yen

120,000
245,000

27.0
7.7

5,000
13,500

%
285.8
41.9

Income before
Income Taxes
millions of yen

4,500
12,500

%
435.8
37.9

Profit Attributable to
Owners of Parent
millions of yen

3,000
8,500

%
70.6

Basic Earnings
Per Share
Yen

63.96
181.22※ General Notes(1) Significant Changes in Scope of Consolidation: None
(2) Changes in Accounting Policies, Accounting Estimations① Changes in accounting policies required by IFRS
：None
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
FY202048,593,736 shares
FY201948,593,736 shares
end of period (including treasury shares)②Number of treasury shares at the end
FY20201,689,454 shares
FY20191,705,655 sharesof period③Average number of ordinary shares
FY202046,898,774 shares
FY201947,859,341 shares
outstanding during the period(Note) The shares held within the ESOP trust accounts (FY2020 19,200 shares, FY2019 26,700 shares) are
included in the number of Treasury Shares at 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. (FY2020 22,062 shares, FY2019 30,754 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) FY2020 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...………………………………………………………………

2
2
3(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…………………….

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) FY2020 Financial Results

1. Overview of Operating Results etc.
(1) Overview of Operating Results for Current Period
Due to the worldwide spread of Corona virus infection and countermeasures in each country such as blockade ofcities (lockdown) and demand for the voluntary restraint of moving, the activities of individuals and companies wereseverely restricted mainly in the first quarter.Economic activity has continued to recover since the second quarter,
but the orders decreased in each market and then the revenue decreased in the current consolidated fiscal year.
In terms of profits, the entire group made efforts to improve overall management efficiency, such as improving theefficiency of equipment and reducing various expenses in response to the decrease in revenue, however, profit
declined due to changes in the business environment in AT business (automatic transmission-related business) of
the subsidiary in Mexico, future orders are expected to decrease significantly, and then we recognized the
impairment loss on production equipment. The performance of current consolidated fiscal year was, Revenue:¥ 227.4 billion (13.8% decreased from previous year), Operating profit: ¥ 9.5 billion (43.2% decreased fromprevious year), Income before income taxes: ¥ 9.1 billion (39.4% decreased from previous year), profit attributableto owners of parent ¥ 5.0 billion (47.5% decreased from previous year).
①

Segment Information

The summary by type of reportable segment is as follows[MT (Manual Automotive Drivetrain related business)]
Revenue decreased by 18.0% from previous year to ¥ 51.4 billion. Segment profit decreased by 33.1% to ¥ 5.5
billion due to decrease in revenue.
[AT (Automatic Automotive Drivetrain related business)]
Revenue decreased by 10.7% from previous year to ¥ 154.0 billion. Segment profit decreased by 69.7% fromprevious year to ¥ 2.8 billion due to decrease in revenue and the impairment loss recorded at subsidiary in Mexico.
[Others]
Revenue decreased by 23.4% from previous year to ¥ 22.1 billion. Segment profit increased by 16.2% fromprevious year to ¥ 1.1 billion, due to decrease in amount of impairment loss recorded at subsidiaries in India
recorded in the previous fiscal year, although the revenue decreased .
② Location Information
The summary by location is as follows[Japan]
Revenue decreased by 14.6% from previous year to ¥ 106.6 billion. Operating profit decreased by 38.8% fromprevious year to ¥ 5.7 billion due to decrease in revenue.
[North and Central America]
Revenue decreased by 19.6% from previous year to ¥ 36.2 billion. Operating loss was ¥ 4.6 billion (¥ 0.3 billion
operating profit in previous year) due to decrease in revenue and the impairment loss mentioned above recorded
at subsidiary in Mexico.
[Asia and Oceania]
Revenue decreased by 9.8% from previous year to ¥ 78.4 billion. Operating profit increased by 6.9% from previous
year to ¥ 7.4 billion due to decrease in amount of impairment loss recorded at subsidiaries in India recorded in theprevious fiscal year, although revenue decreased.
[Others]
Revenue decreased by 12.6% from previous year to ¥ 6.2 billion. Operating profit increased by 58.3% from previous
year to ¥ 0.4 billion due to efficiency improvements, although revenue decreased.

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EXEDY Corporation (7278) FY2020 Financial Results(2) Overview of Financial Position for Current Period
Total assets at the end of current consolidated fiscal year were ¥ 312.7 billion, increased ¥ 11.7 billion from the endof previous year. The main contents were ¥ 6.2 billion increase in cash and cash equivalents, ¥ 3.2 billion increase
trade and other receivables. Total liabilities were ¥ 96.0 billion, increased ¥ 3.7 billion from the end of the previous
year. The main contents were ¥ 4.0 billion increase in trade and other payables. Total equity amounted to ¥ 216.7
billion, increased ¥ 8.0 billion from the end of the previous year. The main contents were increase of ¥ 5.4 billion inother components of equity, increase of ¥ 1.6 billion in retained earnings. The ratio for equity attributable to ownersof the parent company was 65.2% (65.4% 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 ¥6.2 billion from the end of the previous consolidated fiscal year, to ¥ 51.6 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 decreased by 16.6% from previous year to ¥ 30.1 billion.
The main contents of the decrease were income before income taxes ¥9.1 billion, depreciation and amortization
expenses ¥ 18.6 billion.
(Cash flow from investing activities)
The funds used by cash flow from investing activities decreased by 36.8% from previous year to ¥ 16.8 billion. The
main content was expenditure for acquisition of tangible fixed assets ¥ 16.7 billion.
(Cash flow from financing activities)
The funds used by cash flow from financing activities decreased by 2.2% from previous year to ¥ 8.5 billion. The
main contents were the dividend payment of ¥ 3.5 billion, borrowings and its repayment of ¥ 3.5 billion.
(Reference) Trends of cash flow associated indicators
FY 2019

FY 2020

Ratio for Equity Attributable to
Owners of Parent（%）

65.4

65.2

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

24.9

25.1

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

1.2

1.4

Interest coverage ratio (times)

35.5

36.0

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
As for the future outlook, the recovery from the stagnation of global economic activity due to the impact of the newcoronavirus is expected to continue, and revenue is expected to increase. In terms of profits, in addition toincreasing revenue, we will strive to secure profits by promoting efficiency improvement in overall management asa group, such as improving the efficiency of equipment and reducing various expenses. As a result, we expect therevenue for the fiscal year ended March 2022 will be ¥245.0 billion (7.7% increase from this fiscal year), operating
income will be ¥13.5 billion (41.9% increase), and income before income taxes will be ¥12.5 billion (37.9% increase).
Net income attributable to owners of the parent company is expected to be ¥8.5 billion (70.6% increase).
The exchange rate is assumed to be ¥105 yen per US dollar.

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EXEDY Corporation (7278) FY2020 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
FY2019(March 31, 2020)

FY2020(March 31, 2021)

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

45,416

51,567

Trade and other receivables

43,02546,249Other financial assets

1,846

1,777

Inventories

33,49934,399Other current assets

2,344

2,702

Total current assets

126,130

136,695

Property, plant and equipment

164,771

163,963

Goodwill and intangible assets

3,197

2,648

151

155

1,508

2,349

Non-current assets

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

126

116

Deferred tax assets

3,067

4,677

Retirement benefit asset

991

1,193

Other non-current assets

1,077

945

Total non-current assets

174,889

176,046

301,019

312,741

Total assets

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EXEDY Corporation (7278) FY2020 Financial Results
FY2019(March 31, 2020)

FY2020(March 31, 2021)

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

7,538

18,514

Trade and other payables

31,93635,886

Other financial liabilities

482

566

Income taxes payable

1,625

1,525

Employee benefits accruals

1,588

1,669

Provisions

2,314

2,294

Other current liabilities

1,948

2,334

Total current liabilities

47,43062,788

Bonds and borrowings

36,50923,752Other financial liabilities

736

789

Retirement benefit liability

6,376

6,613

159

887

Non-current liabilities

Deferred tax liabilities
Other non-current liabilities

1,101

1,182

Total non-current liabilities

44,88133,222

92,31196,011

8,284

8,284

Total liabilities
EquityShare capital
Capital surplus

7,582

7,571

Treasury shares△3,859△3,822Other components of equity△6,389△984

Retained earnings

191,319

192,878

Total equity attributable to owners of parent

196,938

203,927

Non-controlling interests

11,771

12,803

Total equity

208,709

216,730

301,019

312,741

Total liabilities and equity

5/12

EXEDY Corporation (7278) FY2020 Financial Results(2)

Consolidated Statement of Income/Consolidated Statement of Comprehensive Income(Consolidated Statement of Income)
FY2019(April 1, 2019 to March 31, 2020)

FY2020(April 1, 2020 to March 31, 2021)

Millions of yen

Millions of yen

Revenue

263,899

227,420

Cost of sales

214,115

187,089

Gross profit

49,78540,331

Selling, general and administrative expenses

30,432

27,480

Other income

1,144

2,990

Other expenses

3,745

6,328

Operating profit

16,751

9,513

Finance income

355

539

Finance costs

2,163

995

20

8

14,964

9,066

Income tax expense

4,143

2,982

Profit10,822

6,084

Owners of parent

9,492

4,983

Non-controlling interests

1,329

1,101

Profit10,822

6,084

198.34106.24

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

Profit attributable toEarnings per share
Basic and diluted earnings (loss) per share

6/12

EXEDY Corporation (7278) FY2020 Financial Results(Consolidated Statement of Comprehensive Income)
FY2019(April 1, 2019 to March 31, 2020)

FY2020(April 1, 2020 to March 31, 2021)

Millions of yen

Millions of yen

Profit10,822

6,084△1,154577

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

△32

93

△1,185670△5,043

5,563

2

5

△5,042

5,568△6,227

6,238

4,595

12,322Items that may be reclassified to profit or loss
Exchange differences on translation of foreign operations
Share of other comprehensive income of investments
accounted for using equity method
Total of items that may be reclassified to profit or loss
Total other comprehensive income
Comprehensive income

Comprehensive income attributable to
Owners of parent

3,854

10,481

Non-controlling interests

741

1,841

Comprehensive income

4,595

12,322

7/12

EXEDY Corporation (7278) FY2020 Financial Results(3)

Consolidated Statement of Changes in Equity
Previous fiscal year
(April 1, 2019 to March 31, 2020)
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, 2019
Cumulative effect of accountingchangeRestated balance

Millions

Millions

Millions ofMillions ofof yenof yen

yen

yen

8,284

7,590

△1,144--

Millions of yen

Millions of yen

Millions of yen△1,646

863

-

△783

-

-

-

-

△783

8,284

7,590

△1,144△1,646

863-

Profit

-

-

-

-

-

-

-

Other comprehensive income

-

-

-

△4,453△1,154△32△5,638

Total

-

-

-

△4,453△1,154△32△5,638Purchase of treasury shares-△2△2,765----

Disposal of treasury shares

-

△5

50

-

-

-

-

Dividends of surplus

-

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

-

Transfer to retained earnings

-

-

-

-

-

32

32

Total transactions with owners-△7△2,715

-

-

32

32

Total changes in equity-△7△2,715△4,453△1,154-△5,606

8,284

7,582

△3,859△6,099△290-△6,389Balances as of March 31, 2020

Equity attributable to owners ofparentRetained
Total
earnings

Noncontrollinginterests

Total

Millions ofMillions ofMillions of

yen

yen

yen

Millions of yen
Balances as of April 1, 2019
Cumulative effect of accountingchangeRestated balance
ProfitOther comprehensive income
Total
Purchase of treasury shares
Disposal of treasury shares
Dividends of surplus
Share-based payment transactions

186,206

200,153

11,873

212,026

△14

△14

-

△14

186,192

200,139

11,873

212,012

9,492

9,492

1,329

10,822-△5,638△589△6,227

9,492

3,854

741

4,595

-

△2,767-△2,767

-

44

-

44

△4,333△4,333△843△5,176----

Transfer to retained earnings

△32

-

-

-

Total transactions with owners△4,365△7,056△843△7,898

Total changes in equity
Balances as of March 31, 2020

5,127

△3,201△102△3,303

191,319

196,938

11,771

208,709

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EXEDY Corporation (7278) FY2020 Financial Results
Current fiscal year
(April 1, 2020 to March 31, 2021)
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

Millions ofMillions

Millions ofyenof yen

yen

8,284

7,582

△3,859Profit

-

-

-

-

-

-

-

Other comprehensive income

-

-

-

4,828

577

93

5,498

Total

-

-

-

4,828

577

93

5,498

Purchase of treasury shares

-

-

△0

-

-

-

-

Disposal of treasury shares

-

△11

37

-

-

-

-

Dividends of surplus

-

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

-

Transfer to retained earnings

-

-

-

-

-

△93

△93

Total transactions with owners

-

△11

37

-

-

△93

△93

Total changes in equity

-

△11

37

4,828

577

-

5,405

8,284

7,571

△3,822△1,271

287

-

△984

Balances as of April 1, 2020

Balances as of March 31, 2021

Millions of yen

Millions of yen

Millions of yen△6,099△290-

Equity attributable to owners ofparentRetained
Total
earnings

Noncontrollinginterests

Total

Millions ofMillions ofMillions ofMillions of

yen

yen

yen

yen

191,319

196,938

11,771

208,709

4,983

4,983

1,101

6,084

-

5,498

740

6,238

4,983

10,481

1,841

12,322

Purchase of treasury shares

-

△0

-

△0

Disposal of treasury shares

-

26

-

26

△3,517△3,517△809△4,326-

Balances as of April 1, 2020
ProfitOther comprehensive income
Total

Dividends of surplus
Share-based payment transactions

-

-

-

Transfer to retained earnings

93

-

-

-

Total transactions with owners△3,424△3,492△809△4,300Total changes in equity
Balances as of March 31, 2021

1,559

6,989

1,032

8,022

192,878

203,927

12,803

216,730

9/12

Millions ofyen△6,389

EXEDY Corporation (7278) FY2020 Financial Results(4)

Consolidated Statement of Cash FlowsFY2019(April 1, 2019 to March 31, 2020)

FY2020(April 1, 2020 to March 31, 2021)

Millions of yen

Millions of yen

Cash flows from operating activities
Profit before tax

14,964

9,066

Depreciation and amortization

18,464

18,563

Impairment losses

2,416

5,090

Interest and dividend income

△330

△243

Interest expenses

1,021

819

△20

△8

58

△61

Share of loss (profit) of investments accounted for using
equity method
Foreign exchange loss (gain)△1,227776

Decrease (increase) in trade and other receivables

4,754△1,640

Increase (decrease) in trade and other payables

△399

912

Decrease (increase) in inventories

Other

2,752

1,910

Subtotal

42,45435,182

Interest and dividends received

321

268

Interest paid

△1,016△837

Income taxes paid

△5,656△4,508Cash flows from operating activities

36,10330,105

Cash flows from investing activities

△650

△192

Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets

216

238

△25,662△16,665

291

117

△633

△335

△76

71

△26,515△16,765

Proceeds from short-term borrowings

4,144

6,213

Repayments of short-term borrowings△4,750△6,453

Proceeds from long-term borrowings

5,484

2,851

Repayments of long-term borrowings△5,433△6,148Purchase of treasury shares△2,765△0

Dividends paid

△4,333△3,517△985△1,396△8,638△8,450

△948

1,261

Other
Cash flows from investing activities

Cash flows from financing activities

Other
Cash flows from 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 at end of period

10/12

3

6,151

45,41345,41645,416

51,567

EXEDY Corporation (7278) FY2020 Financial Results(5) Notes on Consolidated Financial Statements(Notes for Going Concern)
Not Applicable(Change of Accounting Policy)
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 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.
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

△8,403-

Total

62,759174,301

237,060

35,243△8,403

263,899

Segment Profit (Note 3)

8,155

9,100

17,255911△1,414

16,751

Revenue
External Customers

Financial Income

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.

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EXEDY Corporation (7278) FY2020 Financial Results

FY2020 (April 1, 2020 to March 31, 2021)(Millions of yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

Total

51,358154,008

205,366

22,053-

227,420

Intersegments (Note 2)

135

1,641

1,775

5,802

△7,577-

Total

51,493

155,649

207,141

27,856△7,577

227,420

Segment Profit (Note 3)

5,455

2,762

8,216

1,058

239

9,513

Revenue
External Customers

Financial Income

539

Finance Expenses

995

Equity in Earnings ofAffiliates

8

Income before Income
Taxes

9,066

(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)
FY2019(April 1, 2019 to March 31, 2020)
Profit Attributable to Owners of
Parent9,492

FY2020(April 1, 2020 to March 31,
2021)
4,983

2. Average Number of Shares Outstanding during the Period
FY2019(April 1, 2019 to March 31, 2020)
Average Number of Shares
Outstanding during the Period

47,859,341(Significant Subsequent Events)
Not applicable.

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FY2020(April 1, 2020 to March 31, 2021)
46,898,774