EXEDY Corporation (7278) FY2024 1st Quarter Financial Results
July 30, 2024

FY2024 1st Quarter Consolidated Financial Results〔IFRS〕(April 1, 2024 through June 30, 2024)(English translation extracted from the original Japanese document)
Company Name:
Code No.:
Representative:
Contact Person:
Telephone:

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+81-72-822-1152

Scheduled Date to commence dividend payments: None
Preparation of supplementary material on quarterly Financial Results : None
Holding of quarterly financial results briefing: None
(Note: All amounts less than one million yen is rounded off)

1. Consolidated Financial Results for the 1st Quarter of FY2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results (cumulative)(Percentage of change from previous year)
Revenue
MillionYen

FY2024 Q1
FY2023 Q1MillionYen%

75,44773,367

Profitbefore Tax

Operating Profit

2.8
13.8

4,083
2,414

Basic Earnings
per Share

Million
Yen

%
69.2
133.5

5,453
3,565

%

MillionYen%

Million
Yen

%

52.9
38.8

3,707
2,877

28.9
62.1

3,529
2,598

35.8
69.6

Total
Comprehensive
IncomeMillion
Yen

%

9,484
8,639

9.8
(6.2)

Diluted Earnings
per Share

Yen
76.62
55.34

FY2024 Q1
FY2023 Q1Profit 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%

323,108
321,935

234,004
233,539

220,556
218,54868.3
67.9

FY2024 Q1
FY2023

2. Dividends
Annual Dividends per Share
1st Quarter
Yen-

FY2023
FY2024FY2024 (Forecast)

3rd Quarter

2nd Quarter
Yen
60.00
60.00

Yen
-

Fiscal Year-end
Yen
60.00

-

60.00

Total
Yen
120.00120.00(Note) Revisions of dividend forecast from recently announced figures: None

3. FY2024 Consolidated Financial Forecast (April 1, 2024 to March 31, 2025)(Percentage of change from previous year)

Revenue

FY2024

Income before
Income Taxes

Operating Profit

millions of yen%

300,000(2.7)

millions of yen%

millions of yen

16,000-15,000

Profit Attributable to
Owners of Parent%

millions of yen-

10,000

Basic Earnings
Per Share

%

yen

-

221.41(Note) Revisions of financial forecast from recently announced figures: None
The consolidated financial forecast for the full year remains unchanged from the previous announcement (April 25, 2024).
The average number of ordinary shares outstanding as of June 30, 2024 (excluding treasury shares) is used as the basis for the
calculation of the above "basic earnings per share".

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) FY2024 1st Quarter Financial Results※ General Notes(1) Significant changes in the scope of consolidation during the period: 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 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
FY2024 Q1
end of period (including treasury shares)②Number of treasury shares at the end
FY2024 Q1of period③Average number of ordinary shares
FY2024 Q1
outstanding during the period

48,593,736 shares

FY2023 Q448,593,736 shares

3,427,772 shares

FY2023 Q4

1,627,767 shares

46,065,968 shares

FY2023 Q1

46,954,188 shares(Note) The shares held within the ESOP trust accounts (FY2024 Q1: 81,200 shares, FY2023 Q4: 81,200 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. (FY2024 Q1 : 81,200 shares, FY2023 Q1 : 89,800 shares)※ Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified
public accountants or an audit firm :None※ 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) FY2024 1st 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) FY2024 1st Quarter Financial Results

1. Qualitative Information on Quarterly Financial Results.
(1) Explanation of Operating Results
In the First quarter of the current consolidated cumulative period, the revenue increased due to passing on cost
increase to the selling price, and the impact of foreign exchange conversion due to the depreciation of the yen. In
terms of profits, Operating profit increased due to increase in revenue and decrease of depreciation andamortization following the recognition of impairment losses on fixed assets in the previous fiscal year.
The results for the first quarter of the current consolidated cumulative period were, Revenue ¥ 75.4 billion(increased by 2.8% from the same period of the previous fiscal year), Operating profit ¥ 4.1 billion (increased by
69.2% from the same period of the previous fiscal year), Profit before tax ¥ 5.5 billion (increased by 52.9% fromthe same period of the previous fiscal year), Profit attributable to owners of the parent company was ¥3.5 billion(increased by 35.8% 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 ¥17.8 billion (increased by 0.3% from the same period of the previous fiscal year). Segment profit
was ¥2.1 billion (increased by 42.7% from the same period of the previous fiscal year) due to the cost increase
passing on to selling prices.
[AT (Automatic Automotive Drivetrain related business)]
Revenue was ¥49.0 billion (increased by 4.2% from the same period of the previous fiscal year). This was due tothe impact of passing on cost increase to the selling price, despite decrease in orders caused by production
stoppages at some customers, and the impact of foreign exchange conversion due to the depreciation of the yen.
The segment profit was ¥2.0 billion (increased by 206.8% from the same period of the previous fiscal year) due todecrease of depreciation and amortization following the recognition of impairment losses on fixed assets in theprevious fiscal year.
[TS (Industrial machine Drivetrain operations)]
Revenue was ¥3.6 billion (decreased by 7.3% from the same period of the previous fiscal year). Segment profit
was ¥0.4 billion (decreased by 34.0% from the same period of the previous fiscal year), due to decrease in revenue.
[Others]
Revenue was ¥5.0 billion (increased by 7.2% from the same period of the previous fiscal year). Segment profit was¥0.2 billion (increased by 43.5% from the same period of the previous fiscal year) due to an increased revenue ofmotorcycle clutches in India and cost reduction efforts.

<Location Information>
The summary by location is as follows.
[Japan]
Revenue was ¥28.5 billion (decreased by 7.2% from the same period of the previous fiscal year). This was due todecrease in orders caused by production stoppages at some customers. Operating profit was ¥1.3 billion(decreased by 30.4% from the same period of the previous fiscal year), despite decrease of depreciation andamortization, due to decrease in orders and increased in labor cost.
[Americas]
Revenue was ¥16.2 billion (increased by 17.6% from the same period of the previous fiscal year). This was due tothe impact of passing on cost increase to the selling price, and the impact of foreign exchange conversion due tothe depreciation of the yen. Operating profit was ¥48 million (¥0.3 billion operating loss in the same period of theprevious year) due to increase in revenue.
[Asia and Oceania]
Revenue was ¥27.7 billion (increased by 5.3% from the same period of the previous fiscal year). This was due tothe increase in orders, as well as passing on cost increase to the selling price, and the impact of foreign exchange
conversion due to the depreciation of the yen. Operating profit was ¥2.9 billion (increased by 109.3% from thesame period of the previous fiscal year) due to increase in revenue and decrease of depreciation and amortization.
2

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results[Others]
Revenue was ¥3.1 billion (increased by 18.5% from the same period of the previous fiscal year). Operating profit
was ¥0.1 billion (increased by 407.7% from the same period of the previous fiscal year) due to increase in revenue.
(2) Explanation of Financial Position.
In terms of the assets at the end of this first quarter consolidated accounting period, the total assets were ¥323.1
billion (¥321.9 billion at the end of the previous consolidated fiscal year), it increased by ¥1.2 billion (0.4%) fromthe end of the previous fiscal year. The main contents are ¥3.8 billion increase in Inventories, ¥1.8 billion increasein Other financial assets, ¥1.1 billion increase in Investments accounted for using equity method, ¥0.9 billion
increase in Tangible fixed assets, ¥0.9 billion increase in Investments in Equity Instruments, and 8.3 billion
decrease in Cash and cash equivalents.
Total liabilities were ¥89.1 billion (¥88.4 billion at the end of the previous consolidated fiscal year), it increased by¥0.7 billion (0.8%) from the end of the previous fiscal year. The main contents are ¥2.6 billion increase in Tradeand other payables, ¥1.4 billion decrease in corporate Bonds and borrowings, and ¥0.7 billion decrease in Income
taxes payable.
Total equity was ¥234.0 billion (¥233.5 billion in the previous consolidated fiscal year), it increased by ¥0.5 billion(0.2%) from the end of the previous fiscal year. The main contents are ¥5.0 billion increase in Other componentsof equity due to an increase in the conversion difference of foreign operation due to the depreciation of the yen,¥0.7 billion increase in Retained earnings (¥3.5 billion increase due to the Profit attributable to owners of the parent
company, and ¥2.8 billion decrease due to the Appropriation of surplus (dividend)), and ¥4.7 billion decrease by
Purchase of treasury shares.
(3) Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information
There is no change in the consolidated financial forecast for the fiscal year ending March 31, 2025, which wasannounced on April 25, 2024.

3

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Statement of Financial Position
As of March 31, 2024

As of June 30, 2024

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

74,04365,787

Trade and other receivables

53,51353,616

Other financial assets

2,105

3,916

Inventories

44,27848,033

Other current assets

2,949

3,177

Total current assets

176,889

174,530

Property, plant and equipment

117,824

118,741

Goodwill and intangible assets

2,412

2,458

Investments accounted for using equity method

1,043

2,134

Investments in Equity Instruments

4,767

5,644

80

79

Deferred tax assets

16,592

17,305Retirement benefit asset

1,418

1,424

Other non-current assets

909

794

Total non-current assets

145,047

148,578

321,935

323,108

Non-current assets

Other financial assets

Total assets

4

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results
As of March 31, 2024

As of June 30, 2024

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

6,348

5,429

Trade and other payables

37,14939,699Other financial liabilities

664

687

Income taxes payable

2,739

2,026

Employee benefits accruals

2,591

2,657

Provisions

2,061

2,042

Other current liabilities

3,121

3,154

Total current liabilities

54,67455,694

Bonds and borrowings

23,63023,149Other financial liabilities

943

969

Retirement benefit liability

6,566

6,654

30

29

Other non-current liabilities

2,552

2,609

Total non-current liabilities

33,72333,41088,396

89,104

Share capital

8,284

8,284

Capital surplus

7,543

8,496

Treasury shares(3,682)(8,341)Other components of equity

18,274

23,276

Retained earnings

188,129

188,841

Total equity attributable to owners of parent

218,548

220,556

Non-controlling interests

14,991

13,448

Total equity

233,539

234,004

321,935

323,108

Non-current liabilities

Deferred tax liabilities

Total liabilities
EquityTotal liabilities and equity

5

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results(2) Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)

FY2023 1st Quarter

FY2024 1st Quarter(April 1, 2023 through(April 1, 2024 throughJune 30, 2023)

June 30, 2024)

Millions of yen

Millions of yen

Revenue

73,36775,447

Cost of sales

62,61962,496Gross profit

10,748

12,951

Selling, general and administrative expenses

8,398

9,008

Other income

266

415

Other expenses

203

274

Operating profit

2,414

4,083

Finance income

1,383

1,581

Finance costs

251

225

Share of profit of investments accounted for using

19

13

3,565

5,453

688

1,745

2,877

3,707

2,598

3,529

279

178

2,877

3,707

55.34

76.62

equity method
Profit before tax
Income tax expense
ProfitProfit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share
Basic and diluted earnings per share

6

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results(Quarterly Consolidated Statement of Comprehensive Income)
FY2023 1st Quarter

FY2024 1st Quarter(April 1, 2023 through(April 1, 2024 throughJune 30, 2023)

June 30, 2024)

Millions of yen

Millions of yen

Profit

2,877

3,707

125

(20)

125

(20)

5,631

5,786

6

10

5,637

5,797

Total other comprehensive income

5,762

5,777

Comprehensive income

8,639

9,484

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 to
Owners of parent

7,722

8,531

Non-controlling interests

917

953

Comprehensive income

8,639

9,484

7

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results(3) Quarterly Consolidated Statement of Changes in Equity
Previous first quarter consolidated cumulative period(April 1, 2023 through June 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

-

-

-

4,999

125

5,124
5,124

Balance as of April 1, 2023

Comprehensive income

-

-

-

4,999

125

Purchase of treasury shares

-

-

(0)

-

-

-

Disposal of treasury shares

-

-

-

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based remuneration transactions

-

2

-

-

-

-

Transfer to retained earnings
Total transactions with owners

-

-

-

-

-

-

-

2

(0)

-

-

-

Total changes in equity

-

2

(0)

4,999

125

5,124

Balance as of June 30, 2023

8,284

7,543

(3,709)16,453(690)

15,763Equity 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

2,598

2,598

279

2,877

-

5,124

638

5,762

2,598

7,722

917

8,639

Purchase of treasury shares

-

(0)

-

(0)

Disposal of treasury shares

-

-

-

-

(2,113)(2,113)(955)(3,068)

Share-based remuneration transactions

-

2

-

2

Transfer to retained earnings

-

-

-

-

(2,113)(2,111)(955)(3,066)

Other comprehensive income
Comprehensive income

Dividends of surplus

Total transactions with owners
Total changes in equity

485

5,611

(38)

5,574

Balance as of June 30, 2023

203,293

231,174

14,300245,4748

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results
Current first quarter consolidated cumulative period(April 1, 2024 through June 30, 2024)
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

7,543

(3,682)

19,365(1,091)

18,274

Profit for the period

-

-

-

-

-

-

Other comprehensive income

-

-

-

5,021

(20)

5,002

Balance as of April 1, 2024

Comprehensive income

-

-

-

5,021

(20)

5,002

Purchase of treasury shares-(5)(4,658)---

Disposal of treasury shares

-

-

-

-

-

-

Dividends of surplus
Changes in ownership interest in
subsidiaries

-

-

-

-

-

-

-

958

-

-

-

-

Transfer to retained earnings
Total transactions with owners

-

-

-

-

-

-

-

953

(4,658)---

Total changes in equity-

953(4,658)

5,021

(20)

5,002

Balance as of June 30, 2024

8,284

8,496

(8,341)

24,386(1,111)

23,276Equity 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, 2024

188,129

218,548

14,991

233,539

Profit for the period

3,529

3,529

178

3,707

-

5,002

775

5,777

3,529

8,531

953

9,484

Purchase of treasury shares-(4,663)-(4,663)

Disposal of treasury shares

-

-

-

-

(2,818)(2,818)(1,538)(4,356)

-

958

(958)

-

Other comprehensive income
Comprehensive income

Dividends of surplus
Changes in ownership interest in
subsidiaries
Transfer to retained earnings
Total transactions with owners

-

-

-

-

(2,818)(6,523)(2,496)(9,019)Total changes in equity

711

2,008

(1,543)465

Balance as of June 30, 2024

188,841

220,556

13,448234,004

9

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results(4) Quarterly Consolidated Statement of Cash FlowsFY2023 1st Quarter

FY2024 1st Quarter(April 1, 2023 throughJune 30, 2023)(April 1, 2024 throughJune 30, 2024)

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
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
Purchase of treasury shares
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

3,565
4,721
(98)
187

5,453
3,605
(151)
182

(19)

(13)

0
481
664
177
1,129
10,807179(164)(2,183)8,640(0)(1,730)
1,705
1,186
(773)
9,463
213
(193)
(2,727)
6,756

(842)
874
(2,964)
7
(60)
(338)
(284)
(3,606)(2,132)465(1,989)
24
(100)
(793)
(939)
(5,465)

1,959(1,341)
380
(975)
(0)
(2,069)(1,084)(3,131)
1,119

20(1,426)(493)(4,658)(2,768)(1,625)(10,950)
1,403

3,022
59,53862,560(8,256)74,04365,787

EXEDY Corporation (7278) FY2024 1st 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(2) Information of Revenue, Profit and Loss by Segment and The Amount of Other Important Items.
Previous first quarter consolidated cumulative period (April 1, 2023 to June 30, 2023)(Million Yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

TS

Total

17,75347,045

3,922

68,7204,648-

73,367

69

127

16

212

1,281

(1,493)-

17,822

47,172

3,938

68,932

5,929(1,493)73,367

1,500

637

640

2,777

156

(520)

2,414

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

1,383

Finance Costs

251

Share of profit of investments accounted for using equity method

19

Profit before Tax

3,565(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.

11

EXEDY Corporation (7278) FY2024 1st Quarter Financial Results

Current first quarter consolidated cumulative period (April 1, 2024 to June 30, 2024)(Million Yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

TS

Total

17,81449,017

3,636

70,4674,980-

75,447

286

578

61

924

1,344

(2,268)-

18,10049,594

3,697

71,391

6,324(2,268)75,447

2,140

1,956

423

4,519

224

(660)

4,083

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

1,581

Finance Costs

225

Share of profit of investments accounted for using equity method

13

Profit before Tax

5,453(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.

12