Sumitomo Heavy Industries, Ltd.
FIRST QUARTER CONSOLIDATED FINANCIAL REPORTFor the Three-Month Period from April 1 to June 30, 2016

All financial information has been prepared in accordance with generally accepted accounting principles in Japan. This document
has been translated from the Japanese original as a guide to non-Japanese investors and contains forward-looking statements thatare based on management’s estimates, assumptions, and projections at the time of publication. A number of factors could cause
actual results to differ materially from expectations. Amounts shown in this financial statement have been rounded to the nearest
million yen.

Consolidated Results for the First Quarter
Ended June 30, 2016

Summary of Consolidated Financial Results
For the First Quarter Ended June 30, 2016
Presented July 29, 2016

Sumitomo Heavy Industries, Ltd.
Listed exchanges

Tokyo Stock Exchange

Stock code

6302

Head officeTokyo

President

Shunsuke Betsukawa

URLwww.shi.co.jp

Inquiries

Tsuneyoshi Sato
General Manager, Corporate Communications Dept.

Telephone+81 3 6737 2331

Scheduled reporting date for quarterly reportAugust 8, 2016

Scheduled date of payment of cash dividends－

Availability of supplementary explanations forquarterly financial statement
Holding of meeting to explain quarterly
financial statement

None
None

1. FY 2016 First Quarter Consolidated Results (April 1, 2016, to June 30, 2016)(1) Business Results(Units: millions of yen)First Quarter
April 1 to June 30, 2016

Previous First Quarter
April 1 to June 30, 2015

% change% change

152,298(0.3)

152,695

8.6

Operating income

7,786

0.4

7,752

27.3

Ordinary income

7,139

2.1

6,993

16.8

Net income attributed to shareholders of the parent
company

5,102

15.5

4,418

8.1

Net sales

Net income per share (yen)

8.33

7.21

Fully diluted net income per share (yen)－－Note: Comprehensive income
Fiscal quarter ended June 30, 2016: (1,793 million yen), (175.8%)
Fiscal quarter ended June 30, 2015: 2,366 million yen, 79.1%

2

Consolidated Results for the First Quarter
Ended June 30, 2016

(2) Financial Position(Units: millions of yen)
End of First Quarter
As of June 30, 2016

End of Previous Full YearAs of March 31, 2016

Total assets

755,775

782,859

Total net assets

375,484

382,817Equity ratio (%)

48.9

48.1

Reference: Equity
Fiscal quarter ended June 30, 2016: 369,413 million yen
Fiscal year ended March 31, 2016: 376,619 million yen

2. Dividends(Units: yen)
Year Ended March 31,
2016

Year Ended March 31,
2017Year Ended March 31,2017 (forecast)

Annual dividends per share－First quarter

7.00

Second quarter

Note:

－
7.00

Third quarter－－End of term

9.00

7.00

Annual dividends

16.00

14.00

Changes from the most recent dividend forecast: None

3. FY 2016 Consolidated Forecasts (April 1, 2016, to March 31, 2017)(Units: millions of yen)
Second Quarter (Cumulative)
April 1, 2016, to September 30,
2016

Full Year
April 1, 2016, to March 31, 2017

Net sales

330,000% change
2.3

700,000% change(0.1)

Operating income

17,000(7.5)

47,000(7.1)

Ordinary income

16,000(4.8)

44,500(9.4)

Net income attributed to shareholders of the parent
company

10,000(12.7)

28,000(15.5)

Projected net income per share (yen)

16.32

Note:

Changes from the most recent consolidated forecast: None

3

45.69

Consolidated Results for the First Quarter
Ended June 30, 2016

Additional Notes(1) Transfers of important subsidiaries during the fiscal period (moves of specific subsidiaries due to change in scope of
consolidation):
None
Newly consolidated:

None

Excluded from consolidation:None(2) Special accounting measures applied in the quarterly consolidated financial report:

None(3) Changes to accounting policies, changes to accounting estimates, and restatements(i) Changes to accounting policies resulting from revisions to accounting standards, etc.:

None(ii) Changes other than (i):None(iii) Changes to accounting estimates:None(iv) Restatements:

None(4) Number of shares issued (common shares)(i) Number of shares issued at end of fiscal period (including treasury stock):
As of June 30, 2016
As of March 31, 2016

614,527,405 shares
614,527,405 shares(ii) Amount of treasury stock at end of fiscal period
As of June 30, 2016
As of March 31, 2016

1,657,369 shares
1,647,819 shares(iii) Average number of shares during fiscal period (cumulative quarterly period)
As of June 30, 2016
As of June 30, 2015

612,873,634 shares
613,016,682 shares

Recording of Implementation Conditions regarding Quarterly Review ProceduresThis quarterly financial summary does not fall within the scope of the Quarterly Review Procedures referenced in
the Financial Instruments and Exchange Act. At the time of disclosure of the quarterly financial summary, theGroup was in the process of implementing the quarterly review procedures for its quarterly financial statements.
Explanations and Other Special Items regarding the Pertinent Reasons for the Earnings Forecast
Earnings forecasts and outlooks concerning future financial results are believed to be reasonable based on
information available at the time of publication. Actual financial results may vary from the above forecast andoutlook because of a variety of factors. For information on the assumptions that form the basis of the earnings
forecast and items to note concerning the use of earnings forecasts, please see the Explanation of theConsolidated Earnings Forecast and Other Forward-Looking Estimates in the Supplementary Materials on page8.

4

Consolidated Results for the First Quarter
Ended June 30, 2016

Supplementary Materials – Table of Contents
1. Qualitative Information regarding Current Quarterly Consolidated Business Performance ....... 6(1) Explanation of Business Performance ........................................................................................... 6(2) Explanation of the Group’s Consolidated Financial Position .......................................................... 7(3) Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates ......... 8
2. Notes regarding Summarized Information (Explanatory Notes) .................................................... 9(1) Changes Involving Important Subsidiaries during the Current Consolidated Year-to-Date Quarterly
Period ............................................................................................................................................. 9(2) Special Accounting Procedures Adopted during the Development of the Quarterly Consolidated
Financial Report.............................................................................................................................. 9(3) Additional Information ..................................................................................................................... 9
3. Quarterly Consolidated Financial Statements ............................................................................... 10(1) Quarterly Consolidated Balance Sheets ...................................................................................... 10(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income ........ 12
Consolidated Income Statements ................................................................................................ 12
Consolidated Statement of Comprehensive Income .................................................................... 13(3) Notes regarding Consolidated Quarterly Financial Statements .................................................... 13(Notes on Premise of a Going Concern) ...................................................................................... 13(Notes regarding Significant Fluctuations to Shareholders’ Equity).............................................. 13(Subsequent Events of Significant Importance) ........................................................................... 13
4. Supplementary Information ............................................................................................................. 14(1) Orders, Sales and Operational Profit, and Balance of Orders by Segment .................................. 14(2) (Summary) Consolidated Cash Flows Statement ......................................................................... 165

Consolidated Results for the First Quarter
Ended June 30, 2016

1. Qualitative Information regarding Current Quarterly Consolidated Business
Performance(1) Explanation of Business Performance
During the first quarter of the current consolidated fiscal year under review, the feeling of stagnation across the domestic
economy strengthened mainly as a result of the downward pressure that a rising Japanese Yen has on corporate income.
Despite continued improvements in the employment and wage environment, the decline in stock prices had a dampening
effect on the wealth effect and as a result, personal consumption levels continued to remain weak. On the corporate side,
there was increased cautiousness in capital investment levels mainly due to a stronger sense of future economic
uncertainty from the beginning of the year. On the other hand, a steady level of investments continued to be made into
labor-saving plant and equipment as well as updating aging plant and equipment as dilapidation progressed and labor
shortages continued to be a problem.
In overseas markets, the recovery of the US economy continued to progress as personal consumption levels remained
steady, and corporate performance showed signs of improvement. In Europe, although the economy was showing asustained level of recovery, the United Kingdom’s decision to leave the EU (i.e. the Brexit) has created a higher level of
economic uncertainty for the future. As for China, there are some signs that the economic slowdown is coming to an end.
However, the burden of excessive debt and investments on privately-held companies is resulting in a further slowdown in
the pace of private investments. Finally, the bottoming out of resource prices and exchange rate stability in other emerging
markets has resulted in improved economic conditions. In overall terms, the global economy is in a state of gentle decline,with a stronger sense of future uncertainty mainly due to the risk of political uncertainty in the US and Europe and the riskof a slowdown of the Chinese economy.
Under these conditions, orders decreased across all segments of the Group with the exception of the Environmental
Facilities and Plant segment. On a consolidated basis, the Group posted an order figure of JPY169.2 billion, a 6% decline
as compared to the same period last year (hereinafter referred to as the “previous term”). Sales increased mainly in the
Industrial Machinery segment, while sales fell in the Precision Machinery, and Machinery Components segments. In total,
the Group posted a figure of JPY152.3 billion, remained unchanged from the previous term.
Turning to income, the drop in profits from the Precision Machinery and Construction Machinery segments was coveredby increases from other segments. As a result, operating income was JPY7.8 billion, which was similar to the previous
term, and ordinary income was JPY7.1 billion, a 2% increase as compared to the previous term. Quarterly net income
attributable to the shareholders of the parent company also increased by 15% as compared to the previous term to finishat JPY5.1 billion.
Conditions in each business segment of the Group were as follows:
1. Machinery Components
Both orders and sales declined as compared to the previous term. This was mainly due to the softer market environment
for large-scale and medium-scale gear reducers in Japan, as well as the continued market downturn for large-scale gear
reducers in Europe and other overseas markets. As a result of the above, orders across the segment decreased by 7% ascompared to the previous term to finish at JPY25.3 billion, and sales decreased by 6% as compared to the previous term
to finish at JPY23.7 billion. In terms of profitability, the segment posted an operating income of JPY1.8 billion for the firstquarter of the current consolidated fiscal year under review.
2. Precision Machinery
With respect to plastics machinery, although there was an increase in demand from Southeast Asian markets, IT-related
investments in China and other markets came to a halt, reducing overall demand. As a result, both orders and sales fellas compared to the previous term. In other product areas, although orders in the semiconductor-related equipment
business fell as compared to the previous term, sales continued to rise. As a result of the above, orders across the segment
decreased by 5% as compared to the previous term to finish at JPY34.8 billion, and sales decreased by 9% as comparedto the previous term to finish at JPY33.4 billion. In terms of profitability, the segment posted an operating income of JPY3.1
billion for the first quarter of the current consolidated fiscal year under review.

6Consolidated Results for the First Quarter
Ended June 30, 2016

3. Construction Machinery
Although the trend of falling demand from China looks to be bottoming out, demand for hydraulic excavators from othermarkets such as Japan and North America continued to fall. As a result, orders for hydraulic excavators fell as comparedto the previous term. In the mobile crane business, the continuing long-term slowdown of the North American market
resulted in sales declining as compared to the previous term. As a result of the above, orders across the segment
decreased by 10% as compared to the previous term to finish at JPY43.7 billion, and sales was similar to the previous
term to finish at JPY47.1 billion. In terms of profitability, the segment posted an operating income of JPY0.4billion for the
first quarter of the current consolidated fiscal year under review.
4. Industrial Machinery
In this segment, demand from the domestic shipbuilding sector for products supplied by the material handling business iscoming to the end of its current cycle. Moreover, the number of orders for medical-related devices was low in the area ofindustrial equipment. As a result, orders across the segment decreased as compared to the previous term. In terms ofsales, steady progress was made on the completion of material handling and industrial equipment projects, resulting in an
increase as compared to the previous term. As a result of the above, orders across the segment decreased by 35% ascompared to the previous term to finish at JPY20.0 billion, and sales increased by 32% as compared to the previous term
to finish at JPY20.7 billion. In terms of profitability, the segment posted an operating income of JPY1.9 billion for the firstquarter of the current consolidated fiscal year under review.
5. Ships
The Ships segment was not able to secure any orders during the first quarter of the current consolidated fiscal year underreview mainly due to a slowdown in the market as well as the stronger Japanese Yen. This compares to receiving an orderfor one new vessel in the previous term. With regard to sales, one vessel was handed over as compared to no vessels
handed over in the previous term. As a result of the above, orders across the segment decreased by 51% as comparedto the previous term to finish at JPY4.3 billion, and sales increased by 13% as compared to the previous term to finish at
JPY7.5 billion. In terms of profitability, the segment posted an operating income of JPY0.1billion for the first quarter of thecurrent consolidated fiscal year under review.
6. Environmental Facilities & Plants
The energy plant business was able to secure an order for Japan’s largest biomass-fueled power generation plant, and as
a result order levels jumped significantly as compared to the previous term. However, orders fell in the water treatment
plant business mainly because of the lack of orders for new large-scale refurbishment projects. As a result of the above,orders across the segment increased by 49% as compared to the previous term to finish at JPY39.3 billion, and sales
increased by 2% as compared to the previous term to finish at JPY18.1 billion. In terms of profitability, the segment posted
an operating income of JPY37 million for the first quarter of the current consolidated fiscal year under review.
7. Other
The Other segment saw orders increase by 72% as compared to the previous term to finish at JPY1.8 billion, and sales
decrease by 47% as compared to the previous term to finish at JPY1.7 billion. In terms of profitability, the segment posted
an operating income of JPY0.4billion for the first quarter of the current consolidated fiscal year under review.

(2) Explanation of the Group’s Consolidated Financial Position
1. Condition of Assets, Liabilities, and Net Assets
Total assets at the end of the first quarter of the current consolidated fiscal year under review (ended June 30, 2016)
amounted to JPY755.8 billion, a decrease of JPY27.1 billion as compared to the end of the previous consolidated fiscal
year. This was mainly due to the JPY22.2 billion decrease in trade notes and accounts receivable, and the JPY5.0 billion
decrease in marketable securities outstripping the JPY4.5 billion increase in inventory assets.
Total liabilities fell to JPY380.3 billion, a decrease of JPY19.8 billion as compared to the end of the previous consolidated
fiscal year. This was mainly due to decreases of JPY6.3 billion in notes and accounts payable, JPY5.9 billion in the balanceof interest-bearing liabilities, and JPY4.2 billion in current liabilities.
Net assets fell by JPY7.3 billion as compared to the end of the previous consolidated fiscal year to finish at JPY375.5
billion. This was mainly due to the JPY8.3 billion decrease in the foreign currency translation adjustment account.

7

Consolidated Results for the First Quarter
Ended June 30, 2016

As a result of the above, the shareholders’ equity ratio improved by 0.8 points from the end of the previous consolidated
fiscal year to finish at 48.9%.
2. Cash Flow Condition
The increase in cash flow from operating activities was JPY8.0 billion (as compared to a decrease in cash flow of JPY2.6
billion in the previous term). The main sources of cash flow were JPY7.1 billion in quarterly net income before tax and otheradjustments, and the JPY23.5 billion reduction in trade receivables. The main sources of the outflow of cash were theJPY9.8 billion increase in inventory assets and the JPY4.7 billion payment of corporate and other taxes.
The decrease in cash flow as a result of investing activities was JPY5.1 billion (as compared to a decrease in cash flow of
JPY3.9 billion in the previous term). The main reason for the cash outflow was the JPY4.8 billion used to acquire fixed
assets.
The decrease in cash flow as a result of financing activities was JPY8.9 billion (as compared to a decrease in cash flow of
JPY6.8 billion in the previous term). The main reasons for the cash outflow were the JPY5.3 billion used to pay dividends
and the JPY3.0 billion (net amount with cash inflow of loans) used to repay loans.
As a result of the foregoing, the balance of cash and cash equivalents at the end of the first quarter of the current
consolidated fiscal year under review totaled JPY61.0 billion, a decrease of JPY15.8 billion as compared to the end of theprevious consolidated fiscal year.

(3) Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates
No revisions have been made to the consolidated earnings forecast for the fiscal year ending March 31, 2017, which was
published along with the earnings summary on May 10, 2016.

8

Consolidated Results for the First Quarter
Ended June 30, 2016

2. Notes regarding Summarized Information (Explanatory Notes)(1) Changes Involving Important Subsidiaries during the Current Consolidated Year-to-Date Quarterly
PeriodThere are no applicable items.

(2) Special Accounting Procedures Adopted during the Development of the Quarterly Consolidated
Financial Report
There are no applicable items.

(3) Additional Information(Adoption of the Implementation Guidance on the Recoverability of Deferred Tax Assets)
The “Implementation Guidance on the Recoverability of Deferred Tax Assets” (Accounting Standards Board of Japan(ASBJ) Revised Guidance – ASBJ Guidance No. 26 dated March 28, 2016) has been adopted from the first quarter of thecurrent consolidated fiscal year under review.

9Consolidated Results for the First Quarter
Ended June 30, 2016

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2016

End of First Quarter
As of June 30, 2016

AmountAmountAssetsCash and deposits

65,804

63,137

Notes and accounts receivable

219,929

197,7125,000―

Inventory assets

156,270

160,743

Other

47,67349,945

Allowance for doubtful accounts(1,674)(1,687)493,002469,849

Land

108,285

108,012

Other (net)

119,484

116,869

Total tangible assets

227,769

224,881

11,21911,112

11,21911,112Other

55,23954,710Allowance for doubtful accounts(4,371)(4,776)50,86849,933Fixed assets

289,857

285,926

Total assets

782,859755,775

Marketable securities

Current assets

Other
Total intangible assets

Investments and other assets

10Consolidated Results for the First Quarter
Ended June 30, 2016

(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2016

End of First Quarter
As of June 30, 2016

AmountAmountLiabilities
Notes and accounts payable

142,304

135,975

Short-term bank loans

42,70837,788Long-term loans due within one year

7,300

6,665

Allowance for guaranteed construction

9,092

8,521

Other allowance amount

5,709

5,474

Other

87,806

83,624294,919

278,047

Bonds

10,00010,000Long-term debt due after one year

8,224

7,843

160

157

Defined benefit liability

51,62350,094

Deferred income taxes on revaluation

21,02721,027Other

14,08913,122

Total fixed liabilities

105,123

102,244

Total liabilities

400,042

380,291

Common stock

30,87230,872

Capital surplus

25,35425,354Retained earnings

265,588265,174

(861)

(866)

320,953

320,534

Unrealized gains on securities

2,355

1,727

Profit (loss) on deferred hedge

(121)

1,628

Revaluation reserve for land

41,481

41,481

Foreign currency translation adjustments

21,55813,232Re-measurement of defined benefit plans(9,607)(9,190)Total accumulated other comprehensive income

55,667

48,879Non-controlling interest

6,197

6,071

Total net assets

382,817375,484

Total liabilities and net assets

782,859755,775

Current liabilities

Allowance

Net assets

Treasury stock
Total shareholders' equity

11Consolidated Results for the First Quarter
Ended June 30, 2016

(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income
Consolidated Income Statements(Units: millions of yen)Previous First Quarter
April 1, 2015, to June 30,
2015

Present First Quarter
April 1, 2016, to June 30,
2016

AmountAmountNet sales

152,695

152,298

Cost of sales

118,491

117,532

Gross income

34,20434,767

Selling, general & administrative expenses

26,452

26,980Operating income

7,752

7,786

Interest income

113

89

Dividend income

386

466

Investment gain on equity method

340

110

Other

381

475

1,220

1,139

Interest expense

527

380

Loss on foreign currency exchange

240

462

1,212

945

Total non-operating expenses

1,979

1,787

Ordinary income

6,993

7,139

Loss on impaired assets

910

Total extraordinary losses

910Income before income taxes

6,985

7,129

Corporate income taxes

2,829

2,047

Net income

4,156

5,082

Quarterly net income (or loss) attributable to noncontrolling interests

(262)

(20)

Net income attributed to shareholders of the parent
company

4,418

5,102

Non-operating income

Total non-operating income
Non-operating expenses

Other

Extraordinary losses

12Consolidated Results for the First Quarter
Ended June 30, 2016

Consolidated Statement of Comprehensive Income(Units: millions of yen)Previous First Quarter
April 1, 2015, to June 30, 2015

Present First Quarter
April 1, 2016, to June 30, 2016

AmountAmount

Net income

4,156

5,082

Unrealized gains on securities

532

(628)

Profit (loss) on deferred hedge

(465)

1,750

Revaluation reserve for land

55―

(1,792)(8,413)Adjustment to retirement benefits

(116)

413

Amount applied for equity method
accounting of affiliates(4)

3

Total other comprehensive income(1,790)(6,875)2,366(1,793)Comprehensive income relating toparent company shareholdings

2,639(1,686)

Quarterly comprehensive income relating
to non-controlling interests

(273)

(108)

Other comprehensive income

Foreign currency translation adjustments

Comprehensive income(Breakdown)(3) Notes regarding Consolidated Quarterly Financial Statements(Notes on Premise of a Going Concern)
There are no applicable items.

(Notes regarding Significant Fluctuations to Shareholders’ Equity)
There are no applicable items.

(Subsequent Events of Significant Importance)
There are no applicable items.

13Consolidated Results for the First Quarter
Ended June 30, 2016

4. Supplementary Information(1) Orders, Sales and Operational Profit, and Balance of Orders by Segment
Orders Received(Units: millions of yen)Segment

April 1, 2015, toJune 30, 2015

April 1, 2016, toJune 30, 2016

AmountAmountY/Y Change
Amount%Machinery Components

27,24725,303(1,943)(7.1)

Precision Machinery

36,52734,758(1,769)(4.8)

Construction Machinery

48,78043,690(5,090)(10.4)

Industrial Machinery

30,93920,005(10,935)(35.3)

Ships

8,922

4,334

(4,588)(51.4)

Environmental Facilities & Plants

26,44739,301

12,854

48.6

Other

1,027

1,764

737

71.8

Total

179,888

169,154(10,733)(6.0)

Sales and Operational Profit(Units: millions of yen)Segment

April 1, 2015, toJune 30, 2015

April 1, 2016, toJune 30, 2016

Operational
ProfitSales

Y/Y Change

Operational
ProfitSales

Operational
ProfitSales

Machinery Components

25,2591,331

23,706

1,810(1,553)

480

Precision Machinery

36,797

4,649

33,396

3,092(3,400)(1,557)

Construction Machinery

47,284

1,541

47,120420(164)(1,121)

Industrial Machinery

15,659892

20,704

1,927

5,045

1,035

Ships

6,627

(96)

7,521

114

894

210

Environmental Facilities & Plants

17,793(684)

18,106

37

313

721

Other

3,277

122

1,746

411

(1,531)

288

―

(4)

―

(25)

―

(21)

152,695

7,752

152,298

7,786

(397)

34

Adjustments
Total

14

Consolidated Results for the First Quarter
Ended June 30, 2016

Balance of Orders Received(Units: millions of yen)Segment

End of Previous Fiscal
Year
As of March 31, 2016

End of First Quarter
As of June 30, 2016

AmountAmountChangeAmount%Machinery Components

27,16228,759

1,597

5.9

Precision Machinery

46,63347,9951,361

2.9

Construction Machinery

28,137

24,707(3,430)(12.2)

Industrial Machinery

102,659

101,960

(699)

(0.7)

Ships

58,89355,706(3,187)(5.4)

Environmental Facilities & Plants

109,793

130,989

21,196

19.3

Other

1,939

1,958

18

1.0

Total

375,216

392,073

16,856

4.5

The Group’s operating segments are categorized as follows:Businesses

Main Products

Machinery Components

Power transmission and control equipment

Precision Machinery

Plastics machinery, film forming machines, semiconductor production
equipment, laser processing systems, cryogenic equipment, precision
positioning equipment, precision forgings, control components, defense
equipment, machining tools

Construction Machinery

Hydraulic excavators, mobile cranes, road machinery

Industrial Machinery

Ion accelerators, medical machines and equipment, forging press machines,
material handling systems, logistics systems, automated parking systems,
turbines, pumps

Ships

Ships

Environmental Facilities & Plants

Private power generation facilities, boilers, industrial waste treatment facilities,
air pollution control equipment, water and sewage treatment systems, processequipment, pressure vessels, mixing vessels, air-conditioning equipment, foodprocessing machinery

15

Consolidated Results for the First Quarter
Ended June 30, 2016(2) (Summary) Consolidated Cash Flows Statement(Units: millions of yen)Previous First Quarter
April 1, 2015, to June30, 2015

Present First Quarter
April 1, 2016, to June30, 2016

Income before income taxes

6,985

7,129

144

Depreciation

4,731

5,019

288

(Increase) decrease in notes and accounts
receivable

18,41523,467

5,051(Increase) decrease in inventories(17,589)(9,785)

7,804

Increase (decrease) in notes and accounts
payable(2,916)(4,671)(1,754)

Payments for income taxes(5,764)(4,674)

1,090

Other

(6,431)(8,508)(2,077)(2,569)

7,977

10,546(4,631)(4,799)

(167)

769

(328)

(1,097)(3,863)(5,127)(1,264)

Net increase (decrease) in short-term loans(2,310)(3,017)(707)

Cash dividends paid

(4,117)(5,278)(1,161)

(372)

(622)

(250)

(6,799)(8,916)(2,117)(265)(1,541)(1,276)

Cash and cash equivalents at beginning of period

90,324

68,625(21,699)

Cash and cash equivalents at end of period

76,82861,017(15,811)

Net cash provided by operating activities
Payments for purchases of property, plant,
and equipment
Other
Net cash used in investing activities

Other
Net cash used in financing activities
Other

16

Y/Y Change