EXEDY Corporation (7278) FY2022 Financial Results
April 28, 2023
Tokyo Stock Exchange

FY2022 Consolidated Financial Results〔IFRS〕(April 1, 2022 through March 31, 2023)(English translation extracted from the original Japanese document)
Company Name:
Code No.:
URL:
Representative:
Contact Person:

EXEDY Corporation
7278
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
Telephone:
Scheduled Date for the General Shareholders Meeting: June 27, 2023
Scheduled Date to commence dividend payments: June 28, 2023
Scheduled Filing Date for Annual Securities Report on EDINET: June 27, 2023
Preparation of supplementary material on Yearly Financial Results : Yes
Holding of Yearly financial results briefing: None
(Note: All amounts less than one million yen is rounded off)

1. Consolidated Financial Results for the FY2022 (April 1, 2022 to March 31, 2023)(1) Consolidated Operating Results (cumulative)(Percentage of change from previous year)
Revenue

FY2022
FY2021

Profitbefore Tax

Operating Profit

Profit Attributable to
Owners of Parent

ProfitTotal
Comprehensive
IncomeMillionYen%

MillionYen%

MillionYen%

MillionYen%

MillionYen%

MillionYen%

285,639
261,095

9.4
14.8

8,760
18,328(52.2)
92.7

9,916
19,467(49.1)
114.7

5,236
13,822(62.1)
127.2

4,591
12,477(63.2)
150.4

9,643
23,354(58.7)
89.5

Basic Earnings
per Share

Diluted Earnings
per Share

yen
97.78
265.92

FY2022
FY2021yen-

Ratio of Profit
to Equity Attributableto Owners of Parent%

Ratio of Income
before Income Taxes
to Total Assets
%

2.1
5.9

3.0
6.0

Ratio of
Operating Profit
to Revenue
%
3.1
7.0

(Reference) Equity in Earnings of Affiliates is ¥ 57 million for FY2022 and ¥ 20 million for FY2021.

(2) Consolidated Financial Position

FY2022
FY2021

millions of yen

Ratio for Equity
Attributableto Owners of Parent%

Equity per Share
Attributableto Owners of Parent
yen

225,563
221,75668.0
66.6

4,803.89
4,725.44

Equity Attributableto Owners of Parent

Total Assets

Total Equity

millions of yen

millions of yen

331,875
332,785

239,901
236,023(3) Consolidated Cash Flows
Cash 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

27,22428,434(12,794)(15,494)(11,179)(10,540)

59,53855,407

FY2022
FY2021

2. Dividends
Annual Dividends per ShareFY2021
FY2022
FY2023(Forecast)

1st
Quarter

2nd
Quarter

3rd
Quarter

FiscalYear-end

yen
-

yen
40.00
45.00
60.00

yen
-

yen
50.00
45.00
60.00

Total
yen
90.00
90.00
120.00

Dividends(Total)Payout Ratio(Consolidate)millions of yen
4,229
4,234

%
33.8
92.0
80.5

Ratio of Dividend
to Equity
Attributableto Owners of
Parent%1.9
1.9

3. FY2023 Consolidated Financial Forecast (April 1, 2023 to March 31, 2024)(Note: All amounts less than one million yen is rounded off)
(Percentage of change from previous year)

Revenue

Q2 (YTD)
FY2023Operating Profit

millions of yen%

150,000
310,000

8.5
8.5

Income before
Income Taxes

millions of yen%

millions of yen

6,000
13,000

67.9
48.4

5,500
12,000

%
(9.8)
21.0

Profit Attributable to
Owners of Parent
millions of yen

3,000
7,000

%
(22.4)
52.5

Basic Earnings
Per Share
yen

63.89
149.08N 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) FY2022 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 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 “3. Consolidated Financial Statements andPrincipal Notes (5) Notes on Consolidated Financial Statements”(3) Number of Outstanding Shares (Ordinary shares)①Number of shares outstanding at the
FY2022end of period (including treasury shares)②Number of treasury shares at the end
FY2022of period③Average number of ordinary shares
FY2022
outstanding during the period

48,593,736 shares

FY2021

48,593,736 shares

1,639,537 shares

FY2021

1,665,564 shares

46,945,427 shares

FY2021

46,920,537 shares(Note) The shares held within the ESOP trust accounts (FY2022 : 89,800 shares, FY2021: 100,000 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. (FY2022 : 93,708 shares, FY2021 : 21,623 shares)※ This Financial Results are not subject to audit 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. Regarding to notes of usage and performance forecast assumptions, please refer to attachment p.3,
1. Overview of Operating Results etc. (4) Forward-Looking Information.

EXEDY Corporation (7278) FY2022 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) Forward-Looking Information………………………………………………………………………………………
2. Basic Way of Thinking Regarding to Selection of Accounting Standard…………………………………………….
3. Consolidated Financial Statements and Principal Notes……………………………………………………………...
(1) Consolidated Statement of Financial Position……………………………………………………………………
(2) Consolidated Statement of Income/Consolidated Statement of Comprehensive Income …………………
(3) Consolidated Statement of Changes in Equity……………………………………………………………….…
(4) Consolidated Statement of Cash Flow…………………………………………………………………………
(5) Notes on Consolidated Financial Statements……………………………………………………………………
(Notes for Going Concern) …………………………………………………………………….………………….………
(Change of Accounting Policy) ……………………………………………………………………………………………
(Segment Information) …………………………………………………………………………………………….………
(Per Share Information) ……………………………………………………………………………………………………
(Significant Subsequent Events) ………………………………………………………………………………………….

1

2
2
3
3
3
3
4
4
6
8
10
11
11
11
11
12
12

EXEDY Corporation (7278) FY2022 Financial Results

1. Overview of Operating Results etc.
(1) Overview of Operating Results for Current Period
In the current consolidated fiscal year, the revenue increased by the impact of foreign exchange conversion due tothe depreciation of the yen, although orders decreased due to the lockdown in China and production cuts bycustomers because of the semiconductor shortages. In terms of profits, Operating profit decreased due to thedecline in orders, soaring global raw material prices and supply chain disruptions. In addition, the decrease in profit
was due in part to impairment losses on fixed assets at the Company, its US subsidiary, and its domestic
subsidiaries due to expected declines in profitability because of changes in the business environment. The results
for current consolidated fiscal year were, Revenue ¥285.6 billion (increased by 9.4% from the previous fiscal year),
Operating profit ¥8.8 billion (decreased by 52.2% from the previous fiscal year), Profit before tax ¥9.9 billion(decreased by 49.1% from the previous fiscal year), Profit attributable to owners of the parent company was ¥4.6
billion (decreased by 63.2% from the previous fiscal year).

<Segment Information>
The summary by type of reportable segment is as follows.
[MT (Manual Automotive Drivetrain related business)]
Revenue was ¥71.5 billion (increased by 10.0% from the previous fiscal year). Segment profit was ¥8.6 billion(increased by 8.9% from the previous fiscal year), despite soaring raw material prices which was proceeded with
passing on to the selling price.
[AT (Automatic Automotive Drivetrain related business)]
Revenue was ¥181.6 billion (increased by 7.8% from the previous fiscal year). Although sales increased by the
impact of foreign exchange conversion because of the depreciation of the yen, the segment loss was ¥1.1 billion(¥8.6 billion operating profit in the previous fiscal year) due to the lockdown in China, production cuts by customers
because of the semiconductor shortages and soaring raw material costs and an impairment loss recorded at the
US subsidiary.
[Others]
Revenue was ¥32.6 billion (increased by 18.0% from the previous fiscal year). Segment profit was ¥2.4 billion(increased by 16.7% from the previous fiscal year) due to an increase in sales, despite soaring raw material prices.

<Location Information>
The summary by location is as follows.
[Japan]
Revenue was ¥122.5 billion (increased by 3.0% from the previous fiscal year). Operating profit was ¥7.0 billion(decreased by 37.6% from the previous fiscal year) due to a decrease in orders by the lockdown in China,
production cuts by customers because of the semiconductor shortages and soaring raw material costs and an
impairment loss recorded at the Company and its subsidiaries.
[Americas]
Revenue was ¥50.5 billion (increased by 19.4% from the previous fiscal year). Although revenue increased by the
impact of exchange conversion due to the depreciation of the yen, the operating loss was ¥4.6 billion (¥1.3 billion
operating loss in the previous year) due to soaring raw material prices and an impairment loss recorded at the US
subsidiary.
[Asia and Oceania]
Revenue was ¥103.7 billion (increased by 12.6% from the previous fiscal year). Operating profit was ¥6.9 billion(decreased by 24.7% from the previous fiscal year) due to the lockdown in China and the impact of production cutsby customers due to semiconductor shortages, although revenue increased from the impact of exchange
conversion due to the depreciation of the yen.
[Others]
Revenue was ¥9.0 billion (increased by 15.2% from the previous fiscal year). Operating profit was ¥0.3 billion(decreased by 54.2% from the previous fiscal year) due to soaring raw material prices and other factors, despite
an increase in sales by the impact of foreign exchange conversion because of the yen depreciation.
2

EXEDY Corporation (7278) FY2022 Financial Results(2) Overview of Financial Position for Current Period.
In terms of the assets at the end of this consolidated accounting period, the total assets were ¥331.9 billion (¥332.8
billion at the end of the previous consolidated fiscal year), it decreased by ¥0.9 billion (0.3%) from the end of theprevious fiscal year. The main contents are ¥8.3 billion decrease in tangible fixed assets due to impairment losses,¥1.5 billion decrease in investments in Equity Instruments, ¥2.5 billion increase in inventories and ¥4.1 billion
increase in cash and cash equivalents.
Total liabilities were ¥92.0 billion (¥96.8 billion at the end of the previous consolidated fiscal year), it decreased by¥4.8 billion (4.9%) from the end of the previous fiscal year. The main contents are ¥4.3 billion decrease in corporate
bonds and borrowings due to the repayment of borrowings, ¥2.3 billion decrease in income taxes payable, and¥1.7 billion increase in trade and other payables.
Total equity was ¥239.9 billion (¥236.0 billion in the previous consolidated fiscal year), it increased by ¥3.9 billion(1.6%) from the end of the previous fiscal year. The main contents were ¥0.6 billion increase in retained earnings(¥4.6 billion increase due to the profit attributable to owners of the parent company, ¥4.5 billion decrease due tothe appropriation of surplus (dividend), and ¥0.5 billion increased by transfer of other components of equity toretained earnings due to sale of investment securities) and ¥3.1 billion increase in other components of equity
due to an increase in the conversion difference of foreign operation due to the depreciation of the yen. The
ownership equity ratio attributable to owners of the parent company was 68.0% (66.6% at the end of the previous
consolidated fiscal year).
(3) Overview of Cash Flow for the Current Period
Funds earned from cash flows from operating activities in the current consolidated fiscal year was ¥ 27.2 billion
which decreased by ¥ 1.2 billion (4.3%) from the same period of the previous year (¥ 28.4 billion). This is because
Income before Income Taxes decreased by ¥ 9.6 billion, Income taxes paid increased by ¥ 4.1 billion, however, thechanges in trade receivables and other receivables increased by ¥ 5.9 billion, the impairment loss increased by¥ 4.1 billion, also the changes in inventories increased by ¥ 3.6 billion.
Funds used for cash flows from investing activities was ¥ 12.8 billion which decreased by ¥ 2.7 billion (17.4%) fromthe same period of the previous year (¥ 15.5 billion). This was due to the decrease of ¥ 2.0 billion in expenditures
for the acquisition of tangible fixed assets.
Funds used for cash flows from financing activities was ¥ 11.2 billion which increased by ¥ 0.6 billion (6.1%) fromthe same period of the previous year (¥ 10.5 billion). This was due to the increase in expenditure of ¥ 1.2 billion
due to the dividend payment.
In addition to the above, there was the increase of ¥ 0.9 billion (¥ 1.4 billion increase in the same period of theprevious year) due to the conversion difference for cash and cash equivalents, as the results the balance of cash
and cash equivalents in the current consolidated fiscal year was ¥ 59.5 billion which increased by ¥ 4.1 billion(7.5%) from ¥ 55.4 billion at the end of the previous consolidated fiscal year.
(4) Forward-Looking Information
Regarding the forward-Looking information, although the global economy is on a recovery trend due to factors suchas China's shift away from its zero-COVID policy and the fact that the surge in resource and energy prices is
subsiding, the outlook remains uncertain due to factors such as high inflation rates and continued monetary
tightening by central banks around the world will increase instability in the financial system which will affect the
global economy. Under such a business environment, revenue is expected to remain firm for the full year, despite
the risk that the shortage of semiconductors may have a prolonged impact.
In terms of profits, we will strive to secure profits by improving overall management efficiency, such as improving
capacity utilization rates and reducing overhead costs, along with passing on higher parts, raw material cost andenergy cost to selling prices.
As a result, we expect the revenue for the fiscal year ended March 2024 will be ¥310.0 billion (8.5% increase fromthis fiscal year), operating income will be ¥13.0 billion (48.4% increase), and income before income taxes will be¥12.0 billion (21.0% increase). Profit attributable to owners of the parent company is expected to be ¥7.0 billion(52.5% increase).
The exchange rate is assumed to be ¥132 yen per US dollar.

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

3

EXEDY Corporation (7278) FY2022 Financial Results

3. Consolidated Financial Statements and Principal Notes(1) Consolidated Statement of Financial Position
As of March 31, 2022

As of March 31, 2023

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

55,40759,538Trade and other receivables

53,82453,929Other financial assets

1,974

2,155

Inventories

41,72644,198Other current assets

2,262

3,634

Total current assets

155,192

163,454

Property, plant and equipment

162,964

154,632

Goodwill and intangible assets

2,802

2,939

195

272

3,305

1,810

Other financial assets

45

96

Deferred tax assets

6,022

6,366

Non-current assets

Investments accounted for using equity method
Investments in Equity Instruments

Retirement benefit asset

1,233

1,206

Other non-current assets

1,027

1,100

Total non-current assets

177,593

168,421332,785

331,875

Total assets

4

EXEDY Corporation (7278) FY2022 Financial Results
As of March 31, 2022

As of March 31, 2023

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

10,3818,228

Trade and other payables

36,09337,789Other financial liabilities

594

545

Income taxes payable

4,005

1,664

Employee benefits accruals

1,954

2,336

Provisions

2,240

2,186

Other current liabilities

3,636

3,379

Total current liabilities

58,90356,127

Bonds and borrowings

27,53325,423

Other financial liabilities

879

1,076

Retirement benefit liability

6,724

6,609

Deferred tax liabilities

1,245

697

Other non-current liabilities

1,479

2,042

Total non-current liabilities

37,85935,84896,762

91,975

Share capital

8,284

8,284

Capital surplus

7,555

7,541

Treasury shares(3,768)(3,709)Other components of equity

7,524

10,639Retained earnings

202,160

202,808

Total equity attributable to owners of parent

221,756

225,563

Non-controlling interests

14,267

14,338

Total equity

236,023

239,901

332,785

331,875

Non-current liabilities

Total liabilities
EquityTotal liabilities and equity

5

EXEDY Corporation (7278) FY2022 Financial Results(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income(Consolidated Statement of Income)

FY2021

FY2022(April 1, 2021 through(April 1, 2022 throughMarch 31, 2022)

March 31, 2023)

Millions of yen

Millions of yen

Revenue

261,095

285,639

Cost of sales

213,151

240,872

Gross profit

47,94444,767

Selling, general and administrative expenses

30,64732,895

Other income

2,072

2,431

Other expenses

1,041

5,544

Operating profit

18,328

8,760

Finance income

2,080

2,149

Finance costs

961

1,051

20

57

Profit before tax

19,467

9,916

Income tax expense

5,645

4,680

Profit13,822

5,236

Owners of parent

12,477

4,591

Non-controlling interests

1,345

646

Profit13,8225,236

265.92

97.78

Share of profit of investments accounted for using
equity method

Profit attributable toEarnings per share
Basic and diluted earnings per share

6

EXEDY Corporation (7278) FY2022 Financial Results(Consolidated Statement of Comprehensive Income)

ProfitFY2021

FY2022(April 1, 2021 through(April 1, 2022 throughMarch 31, 2022)

March 31, 2023)

Millions of yen

Millions of yen

13,822

5,236

(37)

(736)

89

187

53

(549)

9,473

4,952

6

4

9,479

4,956

Total other comprehensive income

9,532

4,406

Comprehensive income

23,354

9,643

Owners of parent

21,074

8,222

Non-controlling interests

2,279

1,421

Comprehensive income

23,354

9,643

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
Remeasurements of defined benefit plans
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) FY2022 Financial Results(3) Consolidated Statement of Changes in Equity
Previous consolidated fiscal year
(April 1, 2021 through March 31, 2022)
Equity attributable to owners of parent
Other components of equity

Share capital

Capitalsurplus

Exchangedifferencesontranslationof foreign
operations

TreasurysharesNet change
in fair valueof equity
instruments
designatedasmeasured
at fair value
throughothercomprehens
ive income

Remeasurements ofdefinedbenefit plans

Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen
Balances as of April 1, 2021

8,284

7,571

(3,822)(1,271)

287

Profit

-

-

-

-

-

-

Other comprehensive income

-

-

-

8,544

(37)

89

Total

-

-

-

-

8,544

(37)

89

Purchase of treasury shares

-

-

(1)

-

-

-

Disposal of treasury shares

-

(16)

56

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

Transfer to retained earnings

-

-

-

-

-

(89)

Total transactions with owners

-

(16)

55

-

-

(89)

Total changes in equity

-

(16)

55

8,544

(37)

-

8,284

7,555

(3,768)

7,274

250

-

Balances as of March 31, 2022

Equity attributable to owners of parent
Other
componentsof equity

Retainedearnings

Total

Non-controllinginterests

Total

Total
Millions of yen Millions of yen
Balances as of April 1, 2021
ProfitOther comprehensive income

Millions of yen

Millions of yen

Millions of yen(984)

192,878

203,927

12,803

216,730

8,597

12,477-

12,477
8,597

1,345
935

13,822
9,532

8,597

12,47721,074

2,279

23,354Purchase of treasury shares

-

-

(1)

-

(1)

Disposal of treasury shares-(3,284)40(3,284)(816)

40(4,100)

(89)

89

-

-

(4,061)

Total

Dividends of surplus
Share-based payment transactions
Transfer to retained earnings(89)(3,195)(3,245)(816)

Total changes in equity

8,508

9,282

17,8291,464

19,293

Balances as of March 31, 2022

7,524

202,160

221,756

14,267

236,023

Total transactions with owners

8

EXEDY Corporation (7278) FY2022 Financial Results

Current consolidated fiscal year
(April 1, 2022 through March 31, 2023)
Equity attributable to owners of parent
Other components of equity

Share capital

Capitalsurplus

Exchangedifferencesontranslationof foreign
operations

TreasurysharesNet change
in fair valueof equity
instruments
designatedasmeasured
at fair value
throughothercomprehens
ive income

Remeasurements ofdefinedbenefit plans

Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen
Balances as of April 1, 2022

8,284

7,555

(3,768)

7,274

250

Profit

-

-

-

-

-

-

Other comprehensive income

-

-

-

4,181

(736)

187

-

-

-

4,181

(736)

187

Purchase of treasury shares

-

-

(0)

-

-

-

Disposal of treasury shares

-

(15)

59

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

Total

Transfer to retained earnings
Total transactions with owners
Total changes in equity
Balances as of March 31, 2023

-

-

-

-

(329)

(187)

-

(15)

59

-

(329)

(187)

-

(15)

59

4,181

(1,066)

-

8,284

7,541

(3,709)11,454(815)-

Equity attributable to owners of parent
Other
componentsof equity

Retainedearnings

Total

Non-controllinginterests

Total

Total
Millions of yen Millions of yen
Balances as of April 1, 2022
ProfitOther comprehensive income
Total

Millions of yen

Millions of yen

Millions of yen

7,524

202,160

221,756

14,267

236,023

-

4,591

4,591

646

5,236

3,631

-

3,631

775

4,406

3,631

4,591

8,222

1,421

9,643
(0)

Purchase of treasury shares

-

-

(0)

-

Disposal of treasury shares

-

-

44

-

44

Dividends of surplus-(4,459)(4,459)(1,350)(5,809)-

Share-based payment transactions
Transfer to retained earnings
Total transactions with owners

-

-

-

-

(516)

516

-

-

-

(516)

(3,943)(4,415)(1,350)(5,765)

Total changes in equity

3,115

647

3,807

71

3,878

Balances as of March 31, 2023

10,639202,808

225,563

14,338239,901

9

EXEDY Corporation (7278) FY2022 Financial Results(4) Consolidated Statement of Cash Flows

Cash flows from operating activities
Profit before tax
Depreciation and amortization
Impairment losses
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

FY2021(April 1, 2021 to March 31,2022)

FY2022(April 1, 2022 to March 31,
2023)

Millions of yen

Millions of yen

19,467
19,463
103
(281)
776

9,916
19,923
4,222
(284)
833

(20)

(57)

(15)
(4,186)(4,676)
(165)
2,245

9
(549)
1,258
308
31

32,710265(804)(3,737)35,610292(853)(7,826)28,43427,224(844)

Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Purchase of shares of subsidiaries resulting inchange in scope of consolidation
Other

909
(13,938)
352
(866)
2

(4,912)
4,796(11,973)
82
(472)
944

-

(746)

(1,109)(513)

Net cash provided by (used in) investing activities(15,494)(12,794)

16,837(16,698)
10,392(16,548)(3,285)(1,237)

9,857(7,933)
1,468(8,225)(4,468)(1,877)(10,540)(11,179)

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

1,439

881

3,840
51,5674,131
55,407

Cash and cash equivalents at end of period

55,40759,53810

EXEDY Corporation (7278) FY2022 Financial Results(5) Notes on Consolidated Financial Statements(Notes for Going Concern)
Not applicable(Change in 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.
Previous consolidated fiscal year (April 1, 2021 to March 31, 2022)(Million Yen)
Reportable Segment
MT

Other
(Note 1)

Adjustments
Consolidated(Note 4)

AT

Total

64,996

168,493

233,489

27,606-

261,095

322

2,494

2,816

6,786

(9,602)-65,318

170,987

236,305

34,392(9,602)

261,095

7,918

8,606

16,525

2,016

(212)

18,328

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

2,080

Finance Costs

961

Share of profit of investments accounted for using equity method

20

Profit before Tax

19,467(Note) 1. Other includes businesses which is not part of any of the 2 reportable segments, and contain
industrial machine drivetrain 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 consolidated income statement.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.

11

EXEDY Corporation (7278) FY2022 Financial Results
Current consolidated fiscal year (April 1, 2022 to March 31, 2023)(Million Yen)
Reportable Segment
MT

Other
(Note 1)

Adjustments
Consolidated(Note 4)

AT

Total

71,464

181,593

253,057

32,582-285,639

298

556

854

5,435

(6,289)-Total

71,762

182,149

253,91138,017(6,289)285,639

Segment Profit (Loss) (Note 3)

8,627(1,138)

7,489

2,352

(1,080)8,760

Revenue
External Customers
Intersegments (Note 2)

Finance Income

2,149

Finance Costs

1,051

Share of profit of investments accounted for using equity method

57

Profit before Tax

9,916(Note) 1. Other includes businesses which is not part of any of the 2 reportable segments, and contain
industrial machine drivetrain operation, 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 consolidated income statement.
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)
FY2021(April 1, 2021 to March 31, 2022)

FY2022(April 1, 2022 to March 31, 2023)

12,477

4,591

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

FY2021(April 1, 2021 to March 31, 2022)
Average Number of Shares
Outstanding during the Period

46,920,537(Significant Subsequent Events)
Not applicable.

12

FY2022(April 1, 2022 to March 31, 2023)
46,945,427