EXEDY Corporation (7278) FY2021 Financial Results

FY2021 Consolidated Financial Results〔IFRS〕(English translation extracted from the original Japanese document)
April 29, 2022
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 28, 2022
Scheduled Payment Date for Dividends: June 29, 2022
Scheduled Filing Date for Annual Securities Report on EDINET: June 28, 2022
Additional Materials for FY2021 Financial Results: Yes
Briefing Session for FY2021 Financial Results: None

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

FY2021
FY2020%261,095
14.8
227,420 △13.8

Operating Profit

Income before
Income Taxes

millions ofyenmillions ofyen%millions ofyen

19,467
9,066

114.7
△39.4

13,822
6,084%

18,32892.7
9,513 △43.2

Basic Earnings
per Share

Diluted Earnings
per Shareyen
265.92106.24FY2021
FY2020yen-

Profit Attributable to
Owners of Parent

Total
Comprehensive
Income%millions ofyen%millions of
yen

%

127.2
△43.8

12,477
4,983

150.4
△47.5

23,354
12,322

89.5
168.2

ProfitRatio of Profit
to Equity Attributableto Owners of Parent%

Ratio of Income
before Income Taxes
to Total Assets
%

5.9
2.5

6.0
3.0

Ratio of
Operating Profit
to Revenue
%
7.0
4.2

(Reference) Equity in Earnings of Affiliates is ¥ 20.0 million for FY2021 and ¥ 8.0 million for FY2020.

(2) Consolidated Financial Position

FY2021
FY2020

millions of yen

Ratio for Equity
Attributableto Owners of Parent%

Equity per Share
Attributableto Owners of Parent
yen

221,756
203,927

66.6
65.2

4,725.44
4,347.73

Equity Attributableto Owners of Parent

Total Assets

Total Equity

millions of yen

millions of yen

332,785
312,741

236,023
216,730(3) Consolidated Cash FlowsFY2021
FY2020Cash 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

28,43430,105△15,494△16,765△10,540△8,45055,40751,567

EXEDY Corporation (7278) FY2021 Financial Results
2. Dividends
Annual Dividends per ShareFY2020
FY2021
FY2022(Forecast)

1st
Quarter

2nd
Quarter

3rd
Quarter

FiscalYear-end

yen
-

yen
30.00
40.00
45.00

yen
-

yen
30.00
50.00
45.00

Dividends(Total)

Total
yen
60.00
90.00
90.00

Payout Ratio(Consolidate)millions of yen
2,815
4,229
-

%
56.5
33.8
35.2

Ratio of Dividend
to Equity
Attributableto Owners of
Parent%1.4
1.9-

3. FY2022 Consolidated Performance Forecast (April 1, 2022 to March 31, 2023)(Note: All amounts less than one million yen is rounded off)
(Percentage of change from previous year)
Revenue

Q2 (YTD)
FY2022

Operating Profit

millions of yen%

145,000
300,000

17.5
14.9

Income before
Income Taxes%

millions of yen

8,000 △7.6
18,5000.9

7,750
18,000

millions of yen

%
△14.2
△7.5

Profit Attributable to
Owners of Parent
millions of yen

5,000
12,000

%
△15.6
△3.8

Basic Earnings
Per Shareyen

106.55255.71※ 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 andMain Notes (5) Notes on Consolidated Financial Statements”(3) Number of Outstanding Shares (Ordinary shares)①Number of shares outstanding at the
FY2021
48,593,736 shares
FY202048,593,736 shares
end of period (including treasury shares)②Number of treasury shares at the end
FY2021
1,665,564 shares
FY20201,689,454 sharesof period③Average number of ordinary shares
FY2021
46,920,537 shares
FY202046,898,774 shares
outstanding during the period(Note) The shares held within the ESOP trust accounts (FY2021: 100,000 shares, FY2020: 19,200 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. (FY2021: 21,623 shares, FY2020: 22,062 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) FY2021 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

1/12

EXEDY Corporation (7278) FY2021 Financial Results

1. Overview of Operating Results etc.
(1) Overview of Operating Results for Current Period
In the current consolidated fiscal year, although the lockdowns or state of emergency were issued due to the reexpansion of COVID-19 in some countries or regions, economic activity has shown a certain recovery and therevenue has increased significantly. In terms of profits, there are effects such as world-wide steep increase in raw
material prices, semiconductor shortages, and supply chain disruptions. However, in addition to the increase insales revenue, profits increased as the result of efforts made by the entire group to improve overall management
efficiency, such as improving the efficiency of equipment and reducing various expenses. The performance of
current consolidated fiscal year was, Revenue: ¥ 261.1 billion (14.8% increased from previous year), Operating
profit: ¥ 18.3 billion (92.7% increased from previous year), Income before income taxes: ¥ 19.5 billion (114.7%
increased from previous year), Profit attributable to owners of parent ¥ 12.5 billion (150.4% increased from previousyear).
<Segment Information>
The summary by type of reportable segment is as follows[MT (Manual Automotive Drivetrain related business)]
Revenue was ¥ 65.0 billion (26.6% increased from previous year). Segment profit was ¥ 7.9 billion (45.2%
increased from previous year) due to increase in revenue, despite steep increase in raw material prices.
[AT (Automatic Automotive Drivetrain related business)]
Revenue was ¥ 168.5 billion (9.4% increased from previous year). Segment profit was ¥ 8.6 billion (211.6%
increased from previous year) due to increase in revenue and the elimination of the impairment loss recorded in
the previous fiscal year at subsidiary in Mexico, despite steep increase in raw material prices.
[Others]
Revenue was ¥ 27.6 billion (25.2% increased from previous year). Segment profit was ¥ 2.0 billion (90.5%
increased from previous year) due to increase in revenue, despite steep increase in raw material prices.
<Location Information>
The summary by location is as follows[Japan]
Revenue was ¥ 118.9 billion (11.5% increased from previous year). Operating profit was ¥ 11.2 billion (98.2%
increased from previous year) due to increase in revenue, despite steep increase in raw material prices.
[North and Central America]
Revenue was ¥ 42.3 billion (16.7% increased from previous year). Operating profit was still negative of ¥ 1.3 billion(¥ 4.6 billion operating loss in previous year) despite increase in revenue and the elimination of the impairment loss
mentioned above recorded in the previous fiscal year at subsidiary in Mexico.
[Asia and Oceania]
Revenue was ¥ 92.1 billion (17.5% increased from previous year). Operating profit was ¥ 9.1 billion (22.6%
increased from previous year) due to increase in revenue, despite steep increase in raw material prices.
[Others]
Revenue was ¥ 7.8 billion (26.2% increased from previous year). Operating profit was ¥ 0.6 billion (54.4% increased
from previous year) due to increase in revenue, despite steep increase in raw material prices.

2/12

EXEDY Corporation (7278) FY2021 Financial Results(2) Overview of Financial Position for Current Period
Total assets at the end of current consolidated fiscal year were ¥ 332.8 billion (¥312.7 billion at the end of theprevious consolidated fiscal year), increased ¥ 20.0 billion (6.4%) from the end of previous year. The main contents
were ¥ 7.6 billion increase in trade and other receivables, ¥ 7.3 billion increase in inventories and ¥ 3.8 billion
increase in cash and cash equivalents. Total liabilities were ¥ 96.8 billion (¥ 96.0 billion at the end of the previous
consolidated fiscal year), increased ¥ 0.8 billion (0.8%) from the end of the previous consolidated fiscal year . The
main contents were ¥ 4.4 billion decrease in corporate bonds and borrowings due to the repayment of borrowingsand ¥ 2.5 billion increase in accrued corporate income tax. Total equity amounted to ¥ 236.0 billion (¥ 216.7 billion
at the end of the previous consolidated fiscal year), increased ¥ 19.3 billion (8.9%) from the end of the previous
consolidated fiscal year. The main contents were increase of ¥ 9.3 billion in retained earnings (¥ 12.5 billion
increase due to Profit attributable to owners of the parent company, ¥ 3.3 billion decrease due to the appropriationof surplus (dividends)) and ¥ 8.5 billion increase in other components of equity due to the depreciation of Japanese
yen . The ownership equity ratio attributable to owners of the parent company was 66.6% (65.2% at the end of theprevious 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 ¥ 28.4 billion
which decreased by ¥ 1.7 billion (5.5%) from the same period of the previous year (¥ 30.1 billion). This is because
Income before Income Taxes increased by ¥ 10.4 billion due to increase in revenue, however the changes ininventories decreased by ¥ 5.0 billion, also the impairment loss decreased by ¥ 5.0 billion and the changes in tradereceivables and other receivables decreased by ¥ 3.0 billion.
Funds used for cash flows from investing activities was ¥ 15.5 billion which decreased by ¥ 1.3 billion (7.6%) fromthe same period of the previous year (¥ 16.8 billion). This was due to the increase of ¥ 0.5 billion in expenditures
for the acquisition of intangible assets and the decrease of ¥ 3.0 billion in expenditures for the acquisition of tangible
fixed assets.
Funds used for cash flows from financing activities was ¥ 10.5 billion which increased by ¥ 2.1 billion (24.7%) fromthe same period of the previous year (¥ 8.5 billion). This was due to the increase in expenditure of ¥ 2.5 billion due
to the balance of borrowing and repayment.
In addition to the above, there was the increase of ¥ 1.4 billion (¥ 1.3 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 ¥ 55.4 billion which increased by ¥ 3.8 billion(7.4%) from ¥ 51.6 billion at the end of the previous consolidated fiscal year.

(4) Future Outlook
Regarding the future outlook, we are in an uncertain situation because of the impact of lockdown due to the reexpansion of COVID-19 infection in China, the impact of Russia's invasion of Ukraine and the economic sanctions
by governments of each country on Russia, and the recent sharp depreciation of Japanese yen. Under such abusiness environment, revenue is expected to recover in the second half of the year and remain firm for the fullyear, despite the impact of the recent lockdown in Shanghai, China. In terms of profits, although there is an increase
in revenue, it is expected to be affected by steep price increase in the purchase parts and raw materials and logistic
costs. We will strive to secure profits by improving overall management efficiency as the entire group.
As a result, we expect the revenue for the fiscal year ended March 2023 will be ¥300.0 billion (14.9% increase fromthis fiscal year), operating income will be ¥18.5 billion (0.9% increase), and income before income taxes will be¥18.0 billion (7.5% decrease). Profit attributable to owners of the parent company is expected to be ¥12.0 billion(3.8% decrease).
The exchange rate is assumed to be ¥125 yen per US dollar.

3/12

EXEDY Corporation (7278) FY2021 Financial Results

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. Consolidated Financial Statements and Main Notes(1)

Consolidated Statement of Financial Position

As of March 31, 2021

As of March 31, 2022

Millions of yen

Millions of yen

AssetsCurrent assets
Cash and cash equivalents

51,56755,407

Trade and other receivables

46,24953,824

Other financial assets

1,777

1,974

Inventories

34,39941,726

Other current assets

2,702

2,262

Total current assets

136,695

155,192

Property, plant and equipment

163,963

162,964

Goodwill and intangible assets

2,648

2,802

155

195

2,349

3,305

Non-current assets

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

116

45

Deferred tax assets

4,677

6,022

Retirement benefit asset

1,193

1,233

Other non-current assets

945

1,027

Total non-current assets

176,046

177,593

312,741

332,785

Total assets

4/12

EXEDY Corporation (7278) FY2021 Financial Results

As of March 31, 2021

As of March 31, 2022

Millions of yen

Millions of yen

Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings

18,514

10,381

Trade and other payables

35,88636,093

Other financial liabilities

566

594

Income taxes payable

1,525

4,005

Employee benefits accruals

1,669

1,954

Provisions

2,294

2,240

Other current liabilities

2,334

3,636

Total current liabilities

62,78858,903

Bonds and borrowings

23,752

27,533

Other financial liabilities

789

879

Retirement benefit liability

6,613

6,724

887

1,245

Non-current liabilities

Deferred tax liabilities
Other non-current liabilities

1,182

1,479

Total non-current liabilities

33,22237,85996,011

96,762

8,284

8,284

Total liabilities
EquityShare capital
Capital surplus

7,571

7,555

Treasury shares△3,822△3,768

△984

7,524

Retained earnings

192,878

202,160

Total equity attributable to owners of parent

203,927

221,756

Non-controlling interests

12,803

14,267

Total equity

216,730

236,023

312,741

332,785

Other components of equity

Total liabilities and equity

5/12

EXEDY Corporation (7278) FY2021 Financial Results(2)

Consolidated Statement of Income/Consolidated Statement of Comprehensive Income(Consolidated Statement of Income)
FY2020(April 1, 2020 to March 31, 2021)

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

Millions of yen

Millions of yen

Revenue

227,420

261,095

Cost of sales

187,089

213,151

Gross profit

40,331

47,944

Selling, general and administrative expenses

27,48030,647

Other income

2,990

2,072

Other expenses

6,328

1,041

Operating profit

9,513

18,328Finance income

539

2,080

Finance costs

995

961

8

20

Income before Income Taxes

9,066

19,467

Income tax expense

2,982

5,645

Profit6,084

13,822

Owners of parent

4,983

12,477

Non-controlling interests

1,101

1,345

Profit6,084

13,822106.24265.92

Share of profit of investments accounted for using equity
methodProfit attributable toEarnings per share
Basic and diluted earnings per share

6/12

EXEDY Corporation (7278) FY2021 Financial Results(Consolidated Statement of Comprehensive Income)
FY2020(April 1, 2020 to March 31, 2021)

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

Millions of yen

Millions of yen

Profit6,084

13,822577△37

Remeasurements of defined benefit plans

93

89

Total of items that will not be reclassified to profit or loss

670

53

5,563

9,473

5

6

5,568

9,479

6,238

9,532

12,322

23,354

Owners of parent

10,481

21,074Non-controlling interests

1,841

2,279

Comprehensive income

12,322

23,354

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
incomeItems 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

7/12

EXEDY Corporation (7278) FY2021 Financial Results(3)

Consolidated Statement of Changes in Equity
Previous fiscal year
(April 1, 2020 to March 31, 2021)
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 ofdefinedbenefitplans

Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen
Balances as of April 1, 2020

8,284

7,582

△3,859△6,099△290

Profit

-

-

-

-

-

-

Other comprehensive income

-

-

-

4,828

577

93

Total

-

-

-

-

4,828

577

93

Purchase of treasury shares

-

-

△0

-

-

-

Disposal of treasury shares

-

△11

37

-

-

-

Dividends of surplus

-

-

-

-

-

-

Share-based payment transactions

-

-

-

-

-

-

Transfer to retained earnings

-

-

-

-

-

△93

Total transactions with owners

-

△11

37

-

-

△93

Total changes in equity

-

△11

37

4,828

577

-

8,284

7,571

△3,822△1,271

287-

Balances as of March 31, 2021

Equity attributable to owners of parent
Other
componentsof equity

Retainedearnings

Total

Non-controllinginterests

Total

Total
Millions of yen Millions of yen

Millions of yen

Millions of yen

Millions of yen△6,389191,319

196,938

11,771

208,709

-

4,983

4,983

1,101

6,084

5,498

-

5,498

740

6,238

5,498

4,983

10,481

1,841

12,322

Purchase of treasury shares

-

-

△0

-

△0

Disposal of treasury shares

-

-

26

-

26

Dividends of surplus-△3,517△3,517△809△4,326-

Balances as of April 1, 2020
ProfitOther comprehensive income
Total

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

-

-

-

-

△93

93

-

-

-

△93

△3,424△3,492△809△4,300Total changes in equity

5,405

1,559

6,989

1,032

8,022

Balances as of March 31, 2021

△984

192,878

203,927

12,803

216,730

8/12

EXEDY Corporation (7278) FY2021 Financial Results
Current fiscal year
(April 1, 2021 to 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

Millions of yen

Millions of yen

Millions of yen△984

192,878

203,927

12,803

216,730-

12,477

12,477

1,345

13,822

8,597

-

8,597

935

9,532

8,597

12,47721,074

2,279

23,354Purchase of treasury shares

-

-

△1

-

△1

Disposal of treasury shares

-

-

40

-

40

Dividends of surplus-△3,284△3,284△816△4,100-

Balances as of April 1, 2021
ProfitOther comprehensive income
Total

Share-based payment transactions

-

-

-

-

△89

89

-

-

-

Total transactions with owners△89△3,195△3,245△816△4,061

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

Transfer to retained earnings

9/12

EXEDY Corporation (7278) FY2021 Financial Results(4)

Consolidated Statement of Cash FlowsFY2020(April 1, 2020 to March 31, 2021)

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

Millions of yen

Millions of yen

Cash flows from operating activities
Income before Income Taxes

9,066

19,467

Depreciation and amortization

18,563

19,463

Impairment losses

5,090

103

Interest and dividend income

△243

△281

819

776

△8

△20

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

△61

△15

Decrease (increase) in inventories

776△4,186△1,640△4,676

Decrease (increase) in trade and other receivables

912

△165

Other

1,910

2,245

Subtotal

35,182

32,710

Increase (decrease) in trade and other payables

Interest and dividends received
Interest paid

268

265

△837

△804

△4,508△3,737

Cash flows from operating activities

30,10528,434

Cash flows from investing activities

△192

△844

Income taxes paid

Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Other
Cash flows from investing activities

238

909

△16,665△13,653

117

66

△335

△866

71

△1,107△16,765△15,494

Cash flows from financing activities
Proceeds from short-term borrowings

6,213

16,837

Repayments of short-term borrowings△6,453△16,698

Proceeds from long-term borrowings

2,851

10,392

Repayments of long-term borrowings△6,148△16,548

Dividends paid

△3,517△3,285

Other△1,396△1,237△8,450△10,540

Effect of exchange rate changes on cash and cash equivalents

1,261

1,439

Net increase (decrease) in cash and cash equivalents

6,151

3,840

Cash and cash equivalents at beginning of period

45,416

51,56751,56755,407

Cash flows from financing activities

Cash and cash equivalents at end of period

10/12

EXEDY Corporation (7278) FY2021 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.
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 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 summary of quarterly consolidated statement ofincome.
4. Elimination of intersegment transactions and corporate expenses are included in adjustments.

11/12

EXEDY Corporation (7278) FY2021 Financial Results

FY2021 (April 1, 2021 to March 31, 2022)(Millions of yen)
Reportable Segment

Other(Note 1)

Adjustments
Consolidated(Note 4)

MT

AT

Total

64,996

168,493

233,489

27,606-

261,095

Intersegments (Note 2)

322

2,494

2,816

6,786

△9,602-

Total

65,318

170,987

236,305

34,392△9,602

261,095

Segment Profit (Note 3)

7,918

8,606

16,525

2,016

△212

18,328

Revenue
External Customers

Financial Income

2,080

Finance Expenses

961

Equity in Earnings ofAffiliates

20

Income before IncomeTaxes

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

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

4,983

12,477

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

FY2020(April 1, 2020 to March 31, 2021)
Average Number of Shares
Outstanding during the Period

46,898,774(Significant Subsequent Events)
Not applicable.

12/12

FY2021(April 1, 2021 to March 31, 2022)
46,920,537