Metal One Corporation and Subsidiaries
Financial Results for the Year Ended March 2020

17th Term(April 1, 2019 to March 31, 2020)

June 10, 2020
7-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Metal One Corporation

Metal One Corporation

Consolidated Statement of Financial Position (Unaudited IFRS Results)(¥ million)
AssetsItem
Current assets

Liabilities

Previous fiscal year

Current fiscal year

(March 31, 2019)(March 31, 2020)

Change(amount)

Item

Previous fiscal year

Current fiscal year

(March 31, 2019)(March 31, 2020)

Change(amount)

880,964

746,721-134,243

Current liabilities

642,252

513,296

Cash and cash equivalents

17,94931,41913,470Borrowings

296,757

254,341-42,416

Trade and other receivables

547,540

468,315-79,225

Trade and other payables

307,248234,303-72,945
4,705

Other financial assets-128,956

429

1,152

723

Lease liabilities

200

4,905

250,280

224,291-25,989

Other financial liabilities

447

200

-247

Advance payments to suppliers

7,116

5,852

-1,264

Advances from customers

1,775

6,664

4,889

Assets classified as held for sale

41,47453-41,421

Income tax payables

4,340

2,838

-1,502Other current assets

16,176

15,639

-537

39

153

114

Inventories

Non-current assets

Provisions
Liabilities directly associated withassets classified as held for sale

23,679--23,679

Other current liabilities

7,767

9,892

2,125

251,737

266,514

14,777

Investments accounted for using theequity method

60,84073,744

12,904

Borrowings

Other investments

73,19960,037-13,162

46

133

87

Property, plant and equipment

102,634

101,144-1,490

Other financial liabilities

Intangible assets and goodwill

10,246

11,653

1,407

Retirement benefit obligation

Right-of-use assets-15,298

15,298Provisions

Deferred tax assets

2,471

1,901

-570

Deferred tax liabilities

Other non-current assets

2,301

2,604

303

Other non-current liabilities

Other financial assets

Non-current liabilities

77,79790,907

13,11057,63465,8548,220

Trade and other payables

828

780

-48

Lease liabilities

390

10,568

10,178

Total liabilities

1421

7

2,715

2,613

-102

576

940

364

15,493

10,051-5,442

147

80

-67

720,049

604,203-115,846-2,118Equity376,118

374,000

Common stock

100,000

100,000-Additional paid-in capital

50,43651,070634

Other components of equity

30,857
19,835
11,022

21,33915,885
5,454-9,518-3,950-5,568

194,825

201,591

6,766

Equity attributable to owners of the parent

Other investments designated as
FVTOCI
Exchange differences on translating
foreign operations

Retained earnings
Non-controlling interests

Total assets

1,132,701

1,013,235-119,466

36,53435,032-1,502

Total equity

412,652

409,032-3,620Total liabilities and equity

1,132,701

1,013,235-119,466

Metal One Corporation

Consolidated Statement of Income (Unaudited IFRS Results)(¥ million)
Item

Previous fiscal year

Current fiscal year

April 1, 2018 toMarch 31, 2019

April 1, 2019 toMarch 31, 2020

Year-on-year
Change(amount)

Change(percentage)

Sales*

2,308,680

2,045,774-262,906-11.4%

Gross profit

123,919

104,502-19,417-15.7%(Gross profit ratio)(5.4%)(5.1%)

Selling, general and administrative expenses-87,189-81,924

5,265

-6.0%

-728

288

1,016

-

Operating income*

36,002

22,866-13,136-36.5%

Gains on investments
Gains (losses) on disposal and sale ofproperty, plant and equipment and others
Impairment losses on property, plant andequipment and others
Other income

1,487

4,756

3,269

219.8%

577

382

-195

-33.8%

-230

-40

190

-82.6%

3,320

3,199

-121

-3.6%

Other expense-2,811-2,626185-6.6%

Finance income

1,871

2,008

137

7.3%

Finance costs
Share of profit of investments accounted
for using the equity method-6,570-5,940

630

-9.6%

5,601

4,671

-930

-16.6%

Profit before tax

39,24729,276-9,971-25.4%

Income taxes-10,000-7,2572,743-27.4%

Profit for the year

29,24722,019-7,228-24.7%-5,914-23.3%-1,314-34.4%

Provision for doubtful accounts

Profit for the year attributable to owners of
25,432
19,518the parent
Profit for the year attributable to non3,815
2,501
controlling interests*Sales and Operating income have been disclosed in accordance with Japanese standards for presentation.