Sumitomo Heavy Industries, Ltd.
3Q CONSOLIDATED FINANCIAL REPORTFor the Nine-Month Period from April 1 to December 31, 2012

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 statementsthat are 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 thenearest million yen.

Consolidated Results for the Third Quarter
Ended December 31, 2012

Summary of Consolidated Financial Results
For the Third Quarter Ended December 31, 2012
Presented January 31, 2013

Sumitomo Heavy Industries, Ltd.
Listed exchanges

Tokyo Stock Exchange, Osaka Securities Exchange

Stock code

6302

Head officeTokyo

President

Yoshinobu Nakamura

URL

www.shi.co.jp

Inquiries

Hideo Oshima
General Manager, Corporate Communications Dept.

Telephone+81 3 6737 2333

Scheduled reporting date for quarterly reportFebruary 7, 2013

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 2012 3Q Consolidated Results (April 1, 2012, to December 31, 2012)(1) Business Results(Units: millions of yen)
Third Quarter
April 1 to December 31, 2012

Previous Third Quarter
April 1 to December 31, 2011

% change% change

Net sales

418,188(3.9)

435,307

17.9

Operating income

22,027(31.6)

32,18827.1

Ordinary income

21,130(30.3)

30,33332.0

Net income

10,361(27.3)

14,248(9.7)

Net income per share (yen)Fully diluted net income per share (yen)

16.88

23.20

－

－

Note: Comprehensive income
Fiscal quarter ended December 31, 2012: 9,460 million yen (-27.6%)
Fiscal quarter ended December 31, 2011: 13,065 million yen (15.6%)2

Consolidated Results for the Third Quarter
Ended December 31, 2012

(2) Financial Position(Units: millions of yen)
End of Third Quarter
As of December 31, 2012

End of Previous Full YearAs of March 31, 2012

Total assets

656,625

691,841

Shareholders’ equity

285,552

282,145

43.0

40.3

Equity ratio (%)
Reference: Equity
Fiscal quarter ended December 31, 2012: 282,059 million yen
Fiscal year ended March 31, 2012: 278,888 million yen

2. Dividends(Units: yen)
Year Ended March 31,
2012

Year Ended March 31,
2013

Year Ended March 31,
2013 (forecast)

－

－

4.00

4.00

Third quarter－－End of term

6.00

4.00

Annual dividends

10.00

8.00

Annual dividends per shareFirst quarter
Second quarter

Note:

Changes from the most recent dividend forecast: None

3. FY 2012 Consolidated Forecasts (April 1, 2012, to March 31, 2013)(Units: millions of yen)
Full Year
April 1, 2012, to March 31, 2013

% change
Net sales

600,000(3.9)

Operating income

32,000(32.1)

Ordinary income

29,000(35.0)Net income

13,000(33.3)

Projected net income per share (yen)

21.18

Note:

Changes from the most recent consolidated forecast: Yes

3

Consolidated Results for the Third Quarter
Ended December 31, 2012

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

Note:(i) Changes to accounting policies resulting from revisions to accounting standards, etc.:

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

None

Falls under Article 10, Item 5 of the “Ordinance on Terminology, Forms and Preparation Methods of Quarterly
Financial Statements, etc.” For details, see (3) Changes to Accounting Policies, Changes to Accounting
Estimates, and Restatements under 2. Notes regarding Summary Information (Additional Notes) on page 8 of
the Supplemental Materials section of this document.

(4) Number of shares issued (common shares)(i) Number of shares issued at end of fiscal period (including treasury stock):
As of December 31, 2012
As of March 31, 2012

614,527,405 shares
614,527,405 shares(ii) Amount of treasury stock at end of fiscal period
As of December 31, 2012
As of March 31, 2012

840,940 shares
811,946 shares(iii) Average number of shares during fiscal period (cumulative quarterly period)
As of December 31, 2012
As of December 31, 2011

613,704,085 shares
614,029,472 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 due to 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, see (3) Qualitative Information regarding
Consolidated Earnings Forecast under 1. Qualitative Information regarding Current Quarterly Consolidated
Business Performance on page 8 of the Supplementary Materials section of this document.

4

Consolidated Results for the Third Quarter
Ended December 31, 2012

Supplementary Materials – Table of Contents

1. Qualitative Information regarding Current Quarterly Consolidated Business Performance ...... 6(1) Qualitative Information on Consolidated Business Performance..................................................... 6(2) Qualitative Information on the Group’s Consolidated Financial Position ......................................... 7(3) Qualitative Information regarding Consolidated Earnings Forecast ................................................ 8
2. Notes regarding Summary Information (Additional Notes) ............................................................. 8(1) Changes Involving Important Subsidiaries during the Current Consolidated Year-to-Date Quarterly
Period ............................................................................................................................................... 8(2) Special Accounting Procedures Adopted during the Development of the Quarterly Consolidated
Financial Report ............................................................................................................................... 8(3) Changes to Accounting Policies, Changes to Accounting Estimates, and Restatements ............... 8
3. Quarterly Consolidated Financial Statements .................................................................................. 9(1) Quarterly Consolidated Balance Sheets .......................................................................................... 9(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income .........11
Consolidated Income Statements....................................................................................................11
Consolidated Statement of Comprehensive Income ...................................................................... 12(3) Notes on Premise of a Going Concern .......................................................................................... 12(4) Notes regarding Significant Fluctuations to Shareholders’ Equity ................................................. 12(5) Subsequent Events of Significant Importance ............................................................................... 12
4. Supplementary Information .............................................................................................................. 13(1) Orders, Sales and Operational Profit, and Balance of Orders by Segment .................................. 13(2) (Summary) Consolidated Cash Flows Statement .......................................................................... 155

Consolidated Results for the Third Quarter
Ended December 31, 2012

1. Qualitative Information regarding Current Quarterly Consolidated Business
Performance(1) Qualitative Information on Consolidated Business Performance
The Japanese economy in the third quarter of the current fiscal year under review remained unstable, as on one hand,signs of economic recovery arising from earthquake recovery-related demand were seen, whereas on the other, thecontinued strength of the Japanese yen put downward pressure on any such recovery. Outside of Japan, overall
conditions remained weak, as any economic recovery seen in portions of the U.S. market was erased by the initial
impact of the long-term financial uncertainty in Europe, as well as the slowdown of the Chinese economy, which until
now has underpinned the global economy.
Set against this economic backdrop, the Group focused on implementing strategies to counteract the strong Japaneseyen, including making improvements to its global supply chain, and worked to increase competitiveness.
Despite these efforts, orders decreased across all segments of the Group, with the exception of the Environmental
Facilities & Plants, Ships and Other segments, to end at JPY401.0 billion, a 6% decline compared to same period lastyear (hereinafter referred to as the “previous term”). In terms of sales, all segments of the Group, with the exception of
the Environmental Facilities & Plants, and the Precision Machinery segments, produced a lower figure than the previous
term. In more specific terms, the Group posted total sales of JPY418.2 billion, a 4% decrease from the previous term.
Turning to income, the 4% decrease in sales from the previous term and the continued strength of the Japanese yen had
a negative impact on overall results, with the Group posting an operating income figure of JPY22.0 billion, a 32% decline
from the previous term, and ordinary income of JPY21.1 billion, a 30% decline from the previous term. Moreover,quarterly net income fell by 27% compared to the previous term to finish at JPY10.4 billion, mainly because of the needto post a JPY5.0 billion extraordinary loss in the current quarter under review. With respect to this last point, in May 2012,
the Ministry of Defense discovered that the Defense Systems Group and another SHI subsidiary had overbilled theMinistry on past contracts. After working with the Ministry on calculating the amount to be repaid, an estimated figure forthe overbilled amount, the associated penalty, and the delayed interest was generated during the current quarter underreview, and this figure was posted as the extraordinary loss amount.
Conditions in each business segment of the Group were as follows:
1. Machinery Components
The simultaneous softening of overseas markets, particularly in Europe, and the slowdown in domestic demand, resulted
in a fall in both orders and sales from the previous term in this segment. In actual figures, the segment received orders
worth JPY68.4 billion (a decrease of 7% from the previous term), and posted sales of JPY67.7 billion (a decrease of 2%
from the previous term). Further, the segment posted an operating income of JPY1.6 billion.
2. Precision Machinery
With respect to plastic machinery, there was a softening of IT-related demand from Asian markets and automotive
demand from the domestic market. As a result, order levels for this product line fell from the previous term, while sales
increased as a result of the abundance of orders carried forward from the previous term. In other product areas, demand
from the electronics and semiconductor markets remained weak. As a result, orders and sales for the segment as awhole fell compared to the previous term. In actual figures, the segment received orders worth JPY97.6 billion (adecrease of 9% from the previous term), and posted sales of JPY101.3 billion (an increase of 0% from the previous term).
Further, the segment posted operating income of JPY6.4 billion.
3. Construction Machinery
The hydraulic excavator business saw a decline in both orders and sales due to the slowdown of the key Chinese market.
The construction crane business posted improved orders and sales figures as the North American market continued toshow signs of recovery. As a result, the segment as a whole received orders worth JPY116.5 billion (a decrease of 6%
from the previous term) and posted sales of JPY113.2 billion (a decrease of 2% from the previous term). Further, thesegment posted operating income of JPY3.9 billion.

6

Consolidated Results for the Third Quarter
Ended December 31, 2012

4. Industrial Machinery
Demand for turbines and pumps fell as the strong Japanese yen weakened exports. At the same time, demand for thesegment’s materials handling products fell as the steelmaking and shipbuilding industries showed signs of weakness. As
a result, overall orders and sales for the segment fell compared to the previous term. In actual figures, the segment
received orders worth JPY50.7 billion (a decrease of 8% from the previous term) and posted sales of JPY52.8 billion (adecrease of 8% from the previous term). Further, the segment posted operating income of JPY4.2 billion.
5. Ships
The ship market has remained stagnant, and this is reflected in the lack of new shipbuilding orders received during thecurrent period under review, the same figure as the previous term. With regard to sales, two vessels were handed overduring the period under review; three vessels less than the previous term. In currency terms, the segment received
orders worth JPY6.0 billion (an increase of 5% from the previous term), and posted sales of JPY27.4 billion (a decreaseof 32% from the previous term). Further, the segment posted operating income of JPY2.7 billion.
6. Environmental Facilities & Plants
The market for boilers at energy-related plants recovered, while the market for water treatment-related plants remainedsluggish and as a result orders and sales increased. In actual figures, the segment received orders worth JPY55.4 billion(an increase of 1% from the previous term) and posted sales of JPY49.5 billion (an increase of 10% from the previousterm). Further, the segment posted operating income of JPY2.1 billion.
7. Others
The segment received orders worth JPY6.5 billion (an increase of 0% from the previous term) and posted sales of
JPY6.3 billion (a decrease of 2% from the previous term). Further, the segment posted operating income of JPY1.0
billion.

(2) Qualitative Information on the Group’s Consolidated Financial Position
1. Condition of Assets, Liabilities, and Net Assets
Total assets at the end of the current quarter under review (ended December 31, 2012) amounted to JPY656.6 billion, adecrease of JPY35.2 billion compared to the end of the previous consolidated fiscal year. This was mainly due to the
JPY27.6 billion decrease in cash and deposits, and the JPY20.1 billion decrease in trade notes and accounts receivable
exceeding the JPY14.2 billion increase in inventory assets compared to the end of the previous consolidated fiscal year.
Despite a JPY10.0 billion increase in the balance of interest-bearing liabilities, total liabilities fell to JPY371.1 billion, adecrease of JPY38.6 billion compared to the end of the previous consolidated fiscal year. This was mainly due to the
JPY37.8 billion decrease in trade notes and accounts payable and the JPY10.1 billion decrease in income and othertaxes payable as a result of making income tax payments.
Net assets amounted to JPY285.6 billion, an increase of JPY3.4 billion compared to the end of the previous consolidated
fiscal year mainly due to the JPY4.3 billion increase in retained earnings.
As a result of the above, the shareholders’ equity ratio improved by 2.7% from the end of the previous consolidated fiscal
year to finish at 43.0%.
2. Cash Flow Condition
Cash flow used for operating activities totaled an outflow of JPY15.3 billion (compared to an inflow of JPY10.2 billion in
the previous term), mainly due to an increase in inventory assets, a decrease in accounts payable, and the payment ofcorporate income taxes.
Cash flow used for investing activities totaled JPY16.0 billion, an increase of JPY1.0 billion from the previous term,
mainly due to an increase in the cash used to acquire fixed assets.
Cash flow from financing activities totaled JPY2.8 billion, a decrease of JPY3.4 billion from the previous term, mainly due
to a fall in debts payable.

7

Consolidated Results for the Third Quarter
Ended December 31, 2012

As a result of the foregoing, the balance of cash and cash equivalents at the end of the third quarter of the current
consolidated fiscal year under review totaled JPY44.4 billion, a decrease of JPY28.0 billion compared to the end of theprevious consolidated fiscal year.

(3) Qualitative Information regarding Consolidated Earnings Forecast
The full-year consolidated earnings forecast for the period ending March 2013 that was previously announced on
November 1, 2012, has been revised as follows:

Fiscal Year Ending March 2013
(Units: millions of yen)Previous
Forecast (A)Current
Forecast (B)Difference(B-A)% Difference(Reference)Previous Year
Results

Net sales

600,000

600,000－－

624,100

Operating income

32,00032,000－－47,135

Ordinary income

29,00029,000－－44,619Net income

16,50013,000(3,500)(21.2)

19,492

Net income per share (yen)

26.89

21.18

－

－

31.75

With regard to the full-year forecast, although the business environment that forms the backdrop of the Group’s
operations remains uncertain and concerns regarding the future of the global economy remain, after considering the third
quarter consolidated financial performance of the Group, the forecast for sales, operating income, and ordinary income
have been left unchanged. The net income figure has been revised downward due to the extraordinary loss relating tothe overbilling of the Ministry of Defense contracts carried out by the Defense Systems Group and another SHI
subsidiary.
From the fourth quarter of the current consolidated fiscal year under review, the following currency exchange rates arebeing assumed: USD1 = JPY88; EUR1 = JPY108.

2. Notes regarding Summary Information (Additional 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) Changes to Accounting Policies, Changes to Accounting Estimates, and Restatements(Changes to Accounting Policies Where It Is Difficult to Differentiate Such Changes from Changes to Accounting
Estimates)
In accordance with the revisions to the Corporation Tax Law, the Group, along with its domestic consolidated
subsidiaries, has applied the depreciation method to tangible fixed assets acquired after April 1, 2012, as of the firstquarter of the current consolidated fiscal year under review.
However, please note that the impact of this change to the profit or loss figures for the third quarter of the current
consolidated fiscal year under review is negligible.

8

Consolidated Results for the Third Quarter
Ended December 31, 2012

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2012

End of Third Quarter
As of December 31, 2012

AmountAmountAssetsCash and deposits

73,37345,743

Notes and accounts receivable

181,248

161,113Inventory assets

143,922

158,142

Other

31,357

27,966(855)(1,258)429,046

391,707Land

116,306

116,337

Other (net)103,506

105,925

Total tangible assets

219,812222,262

6,374

6,857

6,374

6,857

Other

38,022

37,211

Allowance for doubtful accounts(1,414)(1,412)36,60935,799Fixed assets

262,795

264,919

Total assets

691,841656,625

Allowance for doubtful accounts
Current assets

Other
Total intangible assets

Investments and other assets

9Consolidated Results for the Third Quarter
Ended December 31, 2012

(Units: millions of yen)
End of Previous Fiscal YearAs of March 31, 2012

End of Third Quarter
As of December 31, 2012

AmountAmountLiabilities
Notes and accounts payable

153,843

116,084

Short-term bank loans

27,38342,771Long-term loans due within one year

19,796

9,959－

15,000Allowance

10,456

12,138

Other

76,98264,152

288,461

260,103

Bonds

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

39,343

28,777

Employees’ severance and retirement benefits

35,884

36,122

54

58

Deferred income taxes on revaluation

27,651

27,651

Other

8,303

8,361

Long-term liabilities

121,235

110,970

Total liabilities

409,696

371,073

Common stock

30,87230,872

Capital surplus

23,78923,789Retained earnings

201,433

205,685

Treasury stock

(445)

(449)

Stockholders’ equity

255,649

259,896

Unrealized gains on securities

2,267

1,925

Profit (loss) on deferred hedge

277

(230)

Adjustment regarding pension obligations ofconsolidated overseas subsidiaries(3,573)(3,555)

Revaluation reserve for land

43,381

43,642Foreign currency translation adjustments(19,113)(19,620)

Total accumulated other comprehensive income

23,23922,163

Minority interests

3,258

3,493

Total net assets

282,145

285,552

Liabilities and net assets

691,841656,625

Commercial paper

Current liabilities

Allowance

Net assets

10Consolidated Results for the Third Quarter
Ended December 31, 2012

(2) Consolidated Income Statements and Consolidated Statement of Comprehensive Income
Consolidated Income Statements(Units: millions of yen)Previous Third Quarter
April 1, 2011, to December 31,
2011

Present Third Quarter
April 1, 2012, to December 31,
2012

AmountAmountNet sales

435,307418,188

Cost of sales

340,183

330,115Gross income

95,12488,073

Selling, general & administrative expenses

62,936

66,046

Operating income

32,18822,027

Interest income

381

191

Dividend income

435

835

Gain on foreign currency exchange

－

678

1,318

1,603

2,134

3,306

Interest expense

1,183

1,559

Other

2,806

2,645

Total non-operating expenses

3,989

4,203

Ordinary income

30,333

21,130

Reversal of reserve for legal actions－

812

Total extraordinary gains－

812

Loss relating to defense equipment business

－

5,021

Loss on devaluation of marketable securities

2,446

39

Loss on contracts

374－

Loss on impaired assets

313－

Total extraordinary losses

3,133

5,060

Income before income taxes

27,20016,882

Corporate income taxes

12,217

6,280

Quarterly net income before income or loss
adjustments on minority interests

14,983

10,602735

242

14,24810,361Non-operating income

Other
Total non-operating income
Non-operating expenses

Extraordinary gains

Extraordinary losses

Minority interests
Net income

11Consolidated Results for the Third Quarter
Ended December 31, 2012

Consolidated Statement of Comprehensive Income(Units: millions of yen)Previous Third Quarter
April 1, 2011, to December 31, 2011

Present Third Quarter
April 1, 2012, to December 31,
2012

AmountAmount

Net income before adjusting for profit (loss)
from minority interests

14,983

10,602

Unrealized gains on securities

(290)

(342)

Profit (loss) on deferred hedge

62

(467)

Adjustment regarding pension
obligations of consolidated overseas
subsidiaries

194

18

Revaluation reserve for land

3,918

－

Foreign currency translation adjustments(5,806)(337)

Amount applied for equity method
accounting of affiliates

4

(14)

Total other comprehensive income(1,918)(1,143)13,0659,460

12,398

9,217

667

243

Other comprehensive income

Comprehensive income(Breakdown)Comprehensive income relating to parent
company shareholdings
Comprehensive income relating tominority interests(3) Notes on Premise of a Going Concern
There are no applicable items.

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

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

12Consolidated Results for the Third Quarter
Ended December 31, 2012

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

April 1, 2011, toDecember 31, 2011

April 1, 2012, toDecember 31, 2012

AmountAmountY/Y Change
Amount%Machinery Components

73,17068,400(4,770)(6.5)

Precision Machinery

106,928

97,554(9,374)(8.8)

Construction Machinery

124,303

116,456(7,847)(6.3)

Industrial Machinery

55,192

50,695(4,497)

(8.1)

Ships

5,697

6,006

309

5.4

Environmental Facilities & Plants

54,98455,400416

0.8

Others

6,495

6,497

2

0.0

Total

426,770401,008(25,762)(6.0)

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

April 1, 2011, toDecember 31, 2011
Operational
ProfitSales

April 1, 2012, toDecember 31, 2012

Y/Y Change

Operational
ProfitSales

Operational
ProfitSales

Machinery Components

69,1893,052

67,682

1,637(1,507)(1,415)

Precision Machinery

100,789

8,131

101,263

6,449

473

(1,682)

Construction Machinery

115,864

4,917

113,237

3,866(2,627)(1,051)

Industrial Machinery

57,711

7,380

52,8234,240(4,887)(3,140)Ships

40,3197,772

27,412

2,702(12,908)(5,070)

Environmental Facilities & Plants

45,018(291)

49,515

2,113

4,497

2,404

Others

6,416

1,256

6,256

995

(160)

(261)

―

(28)

―

24

―

52

435,307

32,188418,188

22,027(17,119)(10,161)

Adjustments
Total

13

Consolidated Results for the Third Quarter
Ended December 31, 2012

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

End of Previous Fiscal
Year
As of March 31, 2012

End of Third Quarter
As of December 31,
2012

AmountAmountChangeAmount%Machinery Components

28,312

29,030718

2.5

Precision Machinery

60,092

56,383(3,709)(6.2)

Construction Machinery

24,78928,008

3,219

13.0

Industrial Machinery

68,44066,312(2,128)

(3.1)

Ships

44,617

23,212(21,405)(48.0)

Environmental Facilities & Plants

74,42180,3065,885

7.9

Others

1,638

1,879

241

14.7

Total

302,310285,131(17,180)(5.7)

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

Main Products

Machinery Components

Power transmission and control equipment

Precision Machinery

Plastic injection molding machines, film forming machines, semiconductor
production equipment, laser processing systems, cryocoolers, precision
positioning equipment, ion accelerators, medical machines and equipment,
plasma coating systems for FPDs, precision forgings, control components,
defense equipment, machining tools

Construction Machinery

Hydraulic excavators, mobile cranes, road machinery

Industrial Machinery

Forging machines, material handling systems, logistics systems, automatedparking 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

14

Consolidated Results for the Third Quarter
Ended December 31, 2012(2) (Summary) Consolidated Cash Flows Statement(Units: millions of yen)Previous Third Quarter
April 1, 2011, toDecember 31, 2011

Present Third Quarter
April 1, 2012, toDecember 31, 2012

Income before income taxes

27,20016,882(10,318)

Depreciation

12,997

13,102

105(Increase) decrease in notes andaccounts receivable

6,838

22,187

15,349(Increase) decrease in inventories(30,359)(14,236)

16,124

Increase (decrease) in notes andaccounts payable

13,796(38,042)(51,838)

Payments for income taxes(16,713)(15,563)

1,150

Other

(3,575)

332

3,907

Net cash provided by operating activities

10,184(15,337)(25,521)

Payments for purchases of property,
plant, and equipment(16,176)(16,246)(70)

Proceeds from sale of fixed assets

1,400

1,169

(231)

Proceeds from sale of securities

143

286

143

Other

(358)

(1,236)(878)(14,991)(16,028)(1,036)

Net increase (decrease) in short-term
loans

14,905

10,583(4,322)

Cash dividends paid

(7,211)(5,988)

1,223

Other

(1,561)(1,824)(263)

Net cash used in financing activities

6,133

2,770

(3,362)

Other

(807)

569

1,376

Cash and cash equivalents at beginning of
period51,70072,376

20,676

Cash and cash equivalents at end of period

52,21944,351(7,868)Net cash used in investing activities

15

Y/Y Change