Makita Corporation
Consolidated Financial Results
for the nine months
ended December 31, 2020
(IFRS Financial Information)(English translation of "KESSAN TANSHIN"
originally issued in Japanese)

CONSOLIDATED FINANCIAL RESULTS
FOR THE NINE MONTHS ENDED DECEMBER 31, 2020 (Unaudited)
January 29, 2021

Makita Corporation
Stock code: 6586
URL: https://www.makita.biz/
Munetoshi Goto, President, Representative Director

1. Summary operating results of the nine months ended December 31, 2020 (From April 1, 2020 to December 31,
2020)(1) CONSOLIDATED OPERATING RESULTS
Yen (millions)
For the nine months ended
For the nine months ended
December 31, 2019
December 31, 2020%%
Revenue ................................................................
373,2611.7
441,184
18.2
Operating profit ....................................................
50,906(15.3)
65,703
29.1
Profit before income taxes ....................................
53,246(14.1)
65,414
22.9
Profit .....................................................................
38,821(10.6)
47,251
21.7
Profit attributable to owners of the parent ............
38,569(10.6)
46,89021.6
Comprehensive income ........................................
30,80946.8
65,844
113.7
Yen
Profit attributable to
Owners of the parent per share
Basic .................................................................
142.06
172.69Diluted ..............................................................
Notes:
1.
Amounts of less than one million yen have been rounded.
2.
The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, profit,
profit attributable to owners of the parent, and comprehensive income against the corresponding period of the previous year.

(2) SELECTED CONSOLIDATED FINANCIAL POSITION

Total assets ............................................................
Total equity ...........................................................
Equity attributable to owners of the parent ...........
Ratio of equity attributable to owners of theparent to total assets (%) .......................................

Yen (millions)
As of March 31, 2020
As of December 31, 2020
674,564
751,634
575,748627,233
571,275
622,211
84.7%

82.8%

2. Dividend Information
Yen
For the year ended
March 31, 2020
Cash dividend per share:
Interim .................................................................
Year-end ..............................................................
Total ....................................................................

10.00
43.00
53.00

For the year ending
March 31, 2021
(Forecast)
10.00(Note)(Note)

Notes:
1. The forecast for cash dividend announced formerly has not been revised.
2. The projected amount of dividends for the year ending March 31, 2021 has not been determined yet. For further details, refer
to “Explanation regarding proper use of business forecast, and other significant matters” on page 2.

English translation of "KESSAN TANSHIN" originally issued in Japanese

13. Consolidated Financial Performance Forecast for the year ending March 31, 2021 (From April 1, 2020 toMarch 31, 2021)
Yen (millions)
For the year ending March 31, 2021(%)
Revenue ...................................................................................................
570,000
15.7
82,00028.0
Operating profit .......................................................................................
81,00022.7
Profit before income taxes .......................................................................
58,00021.5
Profit attributable to owners of the parent ...............................................
Yen
213.61
Profit attributable to owners of the parent per share ................................
Notes:
1. The consolidated financial forecast for the year ending March 31, 2021 has been revised.
2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes and profit
attributable to owners of the parent against the previous year.

4. Other(1) Changes in important subsidiaries during the period (Changes in specified subsidiaries accompanied by changes inscope of consolidation during the quarter): None
(2) Changes in accounting policies and accounting estimates:
1. Changes in accounting policies required by IFRS: Yes
2. Changes in accounting policies other than 1: None
3. Changes in accounting estimate: None
(3) Number of shares outstanding (common stock)
1. Number of shares issued (including treasury stock):
2. Number of treasury stock:
3. Average number of shares outstanding:

As of December 31, 2020:
As of March 31, 2020:
As of December 31, 2020:
As of March 31, 2020:
For the nine months ended
December 31, 2020:
For the nine months ended
December 31, 2019:

280,017,520
280,017,520
8,489,998
8,500,530
271,523,428
271,497,673

This consolidated financial report is not subject to audit procedures by certified public accountants or an auditing firm.
Explanation regarding proper use of business forecasts, and other significant matters
1. The financial forecast given above is based on information as available at the present time, and includes potential
risks and uncertainties. As a consequence of the factors above and other, actual results may vary from the forecasts
provided above. Regarding the assumptions for the forecasts and other matters, refer to “SUPPLEMENTINFORMATION (CONSOLIDATED)”, “3. Outlook for the fiscal year ending March 31, 2021” on page 4.
2.

Makita's basic policy on the distribution of profits is to maintain a consolidated dividend payout ratio of 30% or greater,
with a lower limit on annual cash dividends of 10 yen per share. However, in the event special circumstances arise,computation of the amount of dividends will be based on profit attributable to owners of the parent after certain
adjustments.
The Board of Directors plans to meet in April 2021 for a report on earnings for the year ending March 31, 2021. At thetime, in accordance with the basic policy regarding profit distribution mentioned above, the Board of Directors plans topropose a dividend equivalent to at least 30% of profit attributable to owners of the parent. The Board of Directors willsubmit this proposal to the General Meeting of Shareholders scheduled for June 2021.
The consolidated dividend payout ratio is calculated as annual dividends per share divided by consolidated profit
attributable to owners of the parent per share (after adjustments for special circumstances) and multiplied by 100.

English translation of "KESSAN TANSHIN" originally issued in Japanese

2

SUPPLEMENT INFORMATION (CONSOLIDATED)
1. Overview of operating results(1) Explanation of Consolidated Operating Results
Looking at the international economic situation during the first nine months period, the world economy, which had
fallen sharply due to the spread of the new coronavirus infection, was gradually recovering due to the government
economic and financial policies; however, towards the end of the year 2020, there was another wave of COVID-19
outbreak in each area of the world, leading to continued or even stricter restrictions imposed on economic activities
resulting in rising uncertainties over the economies.
Our consolidated financial results for the first nine months of the current consolidated cumulative period increased
18.2 % year-on-year to 441,184 million yen due to strong sales mainly in domestic and developed countries, despite adecrease in overseas sales due to foreign exchange rate. In terms of profits, operating profit increased 29.1%
year-on-year to 65,703 million yen (operating profit margin: 14.9%) due to increased sales despite an increase in a costrate. Profit before income taxes increased 22.9% year-on-year to 65,414 million yen (profit margin before income taxes:
14.8%), and profit attributable to owners of the parent increased 21.6% to 46,890 million yen (ratio of profit attributableto owners of the parent: 10.6%).
Revenue results by region were as follows:
Revenue in Japan increased by 11.3% to 83,515 million yen compared to the same period of the previous year. Thiswas due to steady demand for highly efficient cordless products at building and construction sites, as well as demand
supported by government subsidies for sustaining businesses and nesting.
Revenue in Europe increased by 25.6% to 204,794 million yen as we demonstrated the strength of having bases ineach country. Sales were up in response to demand for tools at building and construction sites and robust stay homedemand amid travel restrictions imposed by the COVID-19 pandemic.
Revenue in North America increased by 18.5% to 66,224 million yen due to the promotion of our mainstay cordlessproducts was successful in addition to stay home demand and demand for tools caused by an increase in the number of
new housing starts.
In Asia, although the economy is gradually recovering sales were sluggish in many countries except China andTaiwan due to the stagnation of economic activities resulting from COVID-19 outbreak; consequently, sales decreased
by 4.2% year-on-year to 29,127 million yen.
In Central and South America, although there was the significant depreciation of local currencies, sales volumes
increased due to nesting demand and the strong demand for tools due to the resumption of economic activities andactive sales activities; consequently, sales increased 5.0% year-on-year to 21,032 million yen.
In Oceania, sales increased 34.1% year-on-year to 29,101 million yen due to increased sales of cordless products
including both cordless power tools and cordless outdoor power equipment led by nesting demand and Australian
government policies to support the economies.
In the Middle East and Africa, despite continued impact led by COVID-19 outbreak, some countries were preparing
for recovery in demand after the settlement of COVID-19, so sales increased 3.5% year-on-year to 7,391 million yen.
(2) Explanation of Consolidated Financial Position
Total assets as of December 31, 2020 increased by 77,070 million yen to 751,634 million yen compared to thebalance as of March 31, 2020. This increase was mainly due to the rise in “Property, plant and equipment” and“Inventories.”
Total liabilities increased by 25,585 million yen to 124,401 million yen compared to the balance as of March 31,
2020. This increase was mainly due to the rise in “Trade payables and other payables.”Total equity increased by 51,485 million yen to 627,233 million yen compared to the balance as of March 31, 2020.
This increase was mainly due to the rise in “Retained earnings.”

English translation of "KESSAN TANSHIN" originally issued in Japanese3(3) Outlook for the fiscal year ending March 31, 2021
Although there were restrictions on sales activities affected by the COVID-19 and a decrease in overseas sales due
to foreign currency exchange rate, sales until the third quarter performed better than expected due to stay home demand
for tools led by people refraining from going out and also due to the solid demand for power tools at building andconstruction sites. Thereby, we have revised our earnings forecast.
Revised forecast for consolidated performance of the fiscal year ending March 31, 2021 (From April 1, 2020 toMarch 31, 2021)
Yen (millions)
Yen
ProfitProfitattributable to
Revenue
Operating
Profit before attributableowners of the
profitincome taxes to owners ofparent per
the parent
share (Basic)
Forecast announced previously (A) ......
Revised forecast (B) ............................
Changes (B-A) ......................................
Percentage change ................................

530,000
570,000
40,000
7.5%

67,50082,00014,50021.5%

67,50081,00013,50020.0%

48,00058,00010,00020.8%

176.78213.61-

Actual results for the previous year
ended March 31, 2020 ..........................

492,61764,04666,00847,731

175.80

The above earnings forecast is based on the premise that economic activities will not stagnate due to restrictions
imposed by government following the rebound of the COVID-19 outbreak. The exchange rates assumed for thebusiness forecast are as follows.
[Preconditions]
The above forecast is based on the assumption of exchange rates of 105 yen to the U.S. dollar, 120 yen to the euro
and 16.0 yen to the renminbi for the remaining three months period ending March 31, 2021.
The above forecast is based on the assumption of exchange rates of 106 yen to the U.S. dollar, 122 yen to the euro
and 15.6 yen to the renminbi for the year ending March 31, 2021.
[Reference]
The exchange rates for previously announced forecasts that we announced on October 30, 2020 were 106 yen to the
U.S. dollar, 121 yen to the euro and 15.4 yen to the renminbi for the year ending March 31, 2021.
Note: The above forecast is based on information as available at the present time, and includes potential risks and uncertainties. As aconsequence of the factors such as COVID-19 infection status, actual results may vary from the forecast provided above.

English translation of "KESSAN TANSHIN" originally issued in Japanese42. Consolidated Financial Statements (Unaudited)(1) Consolidated Statement of Financial Position
Yen (millions)
As of December 31,
As of March 31, 2020
2020
Composition ratio

Composition ratio

ASSETS
CURRENT ASSETS:
Cash and cash equivalents .........................

143,439

158,708

Trade receivables and other receivables.....

69,59979,016Inventories .................................................

214,560

229,906

Other financial assets .................................

25,235

19,251Other current assets ....................................

7,633

9,621

Total current assets .................................

460,46668.3%

496,502

66.1%

NON-CURRENT ASSETS:
Property, plant and equipment, at cost .......

146,649

176,185

Goodwill and intangible assets ..................

8,749

9,278

Other financial assets .................................

38,551

49,276

Not defined benefit asset ............................

9,511

9,258

Deferred income taxes ...............................

6,932

7,800

Other non-current assets ............................

3,706

3,335

Total non-current assets ..........................

214,098

31.7%

255,132

33.9%

Total assets........................................................

674,564100.0%

751,634

100.0%English translation of "KESSAN TANSHIN" originally issued in Japanese5

Yen (millions)
As of December 31,
As of March 31, 2020
2020
Composition ratio

Composition ratio

LIABILITIES AND EQUITY
LIABILITIESCURRENT LIABILITIES:
Trade payables and other payables ............

34,95950,602

Borrowings ................................................

7,997

1,015

Other financial liabilities............................

2,468

3,180

Income taxes payable .................................

3,757

5,470

Provisions ..................................................

2,931

3,270

Other liabilities ...........................................

27,26435,153

Total current liabilities ............................

79,376

11.7%

98,69013.2%

NON-CURRENT LIABILITIES:
Retirement benefit liabilities ........................

3,138

3,244

Other financial liabilities............................

9,894

10,802

Provisions ..................................................

1,248

1,240

Deferred income taxes ...............................

4,952

10,217

Other non-current liabilities .......................

208

208

Total non-current liabilities .....................

19,4402.9%

25,711

3.4%

Total liabilities ..................................................

98,816

14.6%

124,401

16.6%

EQUITY
Common stock ...........................................

23,80523,805Additional paid-in capital ..........................

45,53145,548Retained earnings .......................................

540,063572,563

Treasury stock, at cost................................

(11,554)(11,540)

Other components of equity .......................

(26,570)(8,165)

Total equity attributable to owners of the parent

571,275

84.7%

622,211

82.8%

NON-CONTROLLING INTEREST ................

4,473

0.7%

5,022

0.6%

Total equity .......................................................

575,74885.4%

627,233

83.4%

Total liabilities and equity ................................

674,564100.0%

751,634

100.0%English translation of "KESSAN TANSHIN" originally issued in Japanese6(2) Consolidated Statements of Profit or Loss and Consolidated Statements of Comprehensive Income
Consolidated Statements of Profit or Loss
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2020
2019
Composition ratio

Composition ratio

REVENUE...............................................................................

373,261 100.0%

441,184 100.0%

Cost of sales .............................................................................

(244,608) (65.5%)(293,145) (66.4%)

GROSS PROFIT......................................................................

128,653

148,039

Selling, general, administrative and others, net .......................

(77,747) (20.9%)(82,336) (18.7%)

OPERATING PROFIT ............................................................

50,90665,703Financial income......................................................................

2,670

1,588

Financial expenses ...................................................................

(330)(1,877)

PROFIT BEFORE INCOME TAXES .....................................

53,246

Income tax expenses ................................................................

(14,425)

PROFIT ...................................................................................

38,821

10.4%

47,251

10.7%

Owners of the parent................................................................

38,56910.3%

46,89010.6%

Non-controlling interests .........................................................

252

0.1%

361

0.1%

34.5%
13.6%

14.3%

33.6%
14.9%

65,41414.8%(18,163)

Profit attributable to:Consolidated Statements of Comprehensive Income
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2020
2019
38,82147,251through other comprehensive income (loss) ............................

2,838

7,114

Total of items that will not be reclassified to profit (loss) ...........

2,838

7,114

Exchange differences on translating foreign operations ..........

(10,850)

11,479Total of items that may be reclassified to profit (loss) .................

(10,850)

11,479Total other comprehensive income (loss), net of tax ...................

(8,012)

18,593COMPREHENSIVE INCOME ...................................................

30,80965,844

Owners of the parent ................................................................

30,63065,295

Non-controlling interests .........................................................

179

549

PROFIT .......................................................................................
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX

Items that will not be reclassified to profit (loss)
Equity financial goods measured at fair value

Items that may be reclassified to profit (loss)

Comprehensive income attributable to:English translation of "KESSAN TANSHIN" originally issued in Japanese7(3) Consolidated Statement of Changes in Equity
Yen (millions)
For the nine months ended December 31, 2019
Equity attributable to owners of the parent

Balance at April 1, 2019

Commonstock

Additional
paid-in
capital23,80545,571Retainedearnings

Profit for the period

Other
componentsof equity

Treasurystock

508,622(11,681)

6,431

-

-

Comprehensive income
Dividends paid

38,569-Total
equity4,474

577,222

38,569252

38,821(7,939)(7,939)(73)(8,012)(7,939)30,630179

30,809(16,831)(145)(16,976)(16,831)

Purchase of treasury stockTotal

572,748

38,569Other comprehensive income

NonControllinginterest

(1)

(1)

(1)

Disposal of treasury stock

(13)

61

48

48

Share-based paymenttransaction

(37)

68

31

31

(343)

-

-

Transfer from othercomponents of equity toretained earnings

343

Total amounts of transactions
with owners

-

(50)

(16,488)

128

(343)

(16,753)(145)(16,898)

Balance at December 31, 2019

23,80545,521

530,703(11,553)(1,851)

586,625

4,508

591,133

Yen (millions)
For the nine months ended December 31, 2020
Equity attributable to owners of the parent

Balance at April 1, 2020

Commonstock

Additional
paid-in
capital23,80545,531Retainedearnings

Profit for the period

Other
componentsof equity

Treasurystock

540,063(11,554)--

Dividends paid

46,890-Share-based paymenttransaction

17575,748

46,890361

47,251

18,405

18,405

188

18,593

18,40565,295549

65,844(14,390(14,390)

(1)

(1)

(1)

15

32

32

(14,359)-(14,359)622,211

5,022

627,233

Total amounts of transactions
with owners-

17(14,390)

14

Balance at December 31, 2020

23,80545,548572,563(11,540)

English translation of "KESSAN TANSHIN" originally issued in JapaneseTotalequity4,473(14,390)

Purchase of treasury stockTotal

571,275

46,890

Other comprehensive income
Comprehensive income(26,570)

NonControllinginterest(8,165)8

(4) Consolidated Statements of Cash Flows
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2020
2019
CASH FLOWS FROM OPERATING ACTIVITIES:Profit ....................................................................................................

38,82147,251

Depreciation and amortization .............................................................

10,561

11,863

Income tax expenses ............................................................................

14,425

18,163Financial income and expenses............................................................

(2,340)289

Loss (gain) on sales and retirement of property, plant and equipment

(972)

351

Decrease (increase) in trade receivables and other receivables ...........

7,904(7,807)

Decrease (increase) in inventories .......................................................

(15,052)(8,666)

Increase (decrease) in trade payables and other payables ....................

6,513

20,110

Increase in retirement benefit assets and liabilities ..............................

238

240

Decrease (increase) in guarantee deposits ...........................................

(530)

-

Other ....................................................................................................

1,839(2,034)

Subtotal ..........................................................................................

61,407

79,760

Dividends received ..............................................................................

698

674

Interest received ...................................................................................

1,171

566

Interest paid .........................................................................................

(330)

(259)

Income taxes paid ................................................................................

(18,081)(13,783)

Cash flows from operating activities .............................................

44,86566,958Purchase of non-current assets .............................................................

(33,128)(36,219)

Proceeds from sales of non-current assets ...........................................

2,559

50

Purchase of investments ......................................................................

(2,797)(1,490)CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sales and redemption of investments ..............................

3,878

6,132

Payments into time deposits ................................................................

(28,781)(38,093)

Proceeds from withdrawal of time deposits .........................................

33,49838,731Other ....................................................................................................

345

103

Cash flows from investing activities ..............................................

(24,426)(30,786)

CASH FLOWS FROM FINANCING ACTIVITIES:Net increase (decrease) in short-term borrowings ...............................

(2,329)(7,118)Purchase and sales of treasury stock, net .............................................

47

(1)

Cash dividends paid .............................................................................

(16,831)(14,390)

Repayments of lease obligations..........................................................

(1,743)(2,160)

Other ....................................................................................................

(143)

31

Cash flows from financing activities .............................................

(20,999)(23,638)

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS ......................................................................

(4,594)

2,735

NET CHANGE IN CASH AND CASH EQUIVALENTS .................

(5,154)

15,269CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ...

146,512

143,439

CASH AND CASH EQUIVALENTS, END OF PERIOD .................

141,358

158,708

English translation of "KESSAN TANSHIN" originally issued in Japanese9(5) Notes to Consolidated Financial Statements
Notes on the assumptions for a going concern: None
Changes in accounting policies:
The standards and interpretations that the Group has applied since the period are as follows;

IAS 1
IAS 8

IFRS
Presentation of Financial Statements
Accounting Policies, Changes in
Accounting Estimates and Errors

Overview of new establishment/revision
Revised definition of “materiality”

The application of above standards and interpretations will not have any material impact on the financial statements.
Segment Information
Yen (millions)
For the nine months ended December 31, 2019
North
ElimiAsia
Total
Other
Americanations

Consolidated

Japan

EuropeInter-segment ............

89,114
141,960

163,741
4,888

57,2503,069

19,375
153,045

329,480
302,962

43,781
409(303,371)

373,261-

Total ................

231,074

168,629

60,319172,420

632,442

44,190(303,371)

373,261

Operating profit (loss)...

18,337

10,879(1,556)

15,93943,599934

6,373

50,906

Yen (millions)
For the nine months ended December 31, 2020
North
ElimiAsia
Total
Other
Americanations

Consolidated

Revenue:
Externalcustomers ..................

Japan

EuropeInter-segment ............

96,731
177,676

205,898
8,038

67,4592,879

18,713
190,627

388,801
379,220

52,383432(379,652)

441,184-

Total ................

274,407

213,936

70,338209,340

768,02152,815(379,652)

441,184

Operating profit ............

21,86021,1492,911

18,14464,064

2,702(1,063)65,703

Revenue:
Externalcustomers ..................

English translation of "KESSAN TANSHIN" originally issued in Japanese10

3. SUPPORT DOCUMENTATION (CONSOLIDATED)(1) Consolidated Financial Results and Forecast
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2020
2019
Revenue .....................................................................................................
Domestic ...............................................................................................
Overseas ................................................................................................
Operating profit .........................................................................................
Profit before income taxes .........................................................................
Profit attributable to owners of the parent .................................................
Profit attributable to owners of the parent per share (Yen) .......................
Number of Employees ...............................................................................

(%)

(%)

373,261
1.7
75,026
11.7
298,235(0.5)
50,906 (15.3)
53,246 (14.1)
38,569 (10.6)
142.06
17,157441,184 18.2
83,515
11.3
357,669 19.9
65,703 29.1
65,414 22.9
46,890 21.6
172.6918,279Yen (millions)
For the year ending
For the year ended
March 31, 2021
March 31, 2020
(Forecast)
Revenue ...............................................................................................
Domestic .........................................................................................
Overseas ..........................................................................................
Operating profit ...................................................................................
Profit before income taxes ...................................................................
Profit attributable to owners of the parent ...........................................
Profit attributable to owners of the parent per share (Yen) ...............
Number of Employees ........................................................................

(%)

(%)

492,6170.4
100,6979.3
391,920(1.6)
64,046 (18.2)
66,008 (17.4)
47,731 (14.4)
175.8017,090570,000
15.7
110,000
9.2
460,000
17.4
82,00028.0
81,00022.7
58,00021.5
213.61-

Notes:
1. Please refer to [SUPPLEMENT INFORMATION (CONSOLIDATED)] Section 3 “Outlook for the fiscal year ending March
31, 2021” on page 4.
2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, and profit
attributable to owners of the parent compared to the corresponding period of the previous year.

English translation of "KESSAN TANSHIN" originally issued in Japanese

11

(2)

Consolidated Revenue by Geographic Area

Japan ................................................................
Europe..............................................................
North America .................................................
Asia ..................................................................
Central and South America ..............................
Oceania ............................................................
The Middle East and Africa .............................
Total .................................................................
Notes:
1.
2.

(3)

For the nine months
ended December 31,
2019

Yen (millions)
For the nine months
ended December 31,
2020

(%)

(%)

75,026
163,068
55,90330,401
20,02921,695
7,139
373,261

11.7
3.1
(2.0)
0.2
(5.7)
(5.1)
(29.9)
1.7

83,515
204,794
66,224
29,127
21,032
29,101
7,391
441,184

11.3
25.6
18.5
(4.2)
5.0
34.1
3.5
18.2

For the year ended
March 31, 2020(%)

100,697
216,230
72,30438,99826,00028,421
9,967
492,617

9.3
1.4
(0.3)
(4.7)
(6.5)
(6.0)
(27.6)
0.4

The table above sets forth Makita's consolidated revenue by geographic area based on the customer’s location for theperiods presented. Accordingly, it differs from “Segment Information” on page 10.
The table above shows the changes in the percentage ratio of revenue compared to the corresponding period of the previous
year.

Exchange Rates
Yen
For the ninemonths ended
December 31,
2019

For the ninemonths ended
December 31,
2020

108.65121.0415.60

106.11
122.4415.45

108.70120.81
15.60

For the nine months
ended December
31, 2019

For the nine months
ended December
31, 2020

Composition ratio

Composition ratio

USD/JPY ................................................
EUR/JPY ................................................
RMB/JPY ...............................................

For the year
ended March 31,
2020

For the year
ending March
31, 2021(Forecast)
106
122
15.6

(4) Production Ratio (unit basis)

Domestic .....................................................................
Overseas .....................................................................

10.5%
89.5%

7.6%
92.4%

(5) Consolidated Capital Expenditures, Depreciation and Amortization, and R&D cost
Yen (millions)
For the nine
For the nine
For the year
months ended
months ended
ended
December 31,
December 31, 2020
March 31, 2020
2019
Capital expenditures ..................
Depreciation and amortization ...
R&D cost ...................................

33,1288,937
8,484

36,21910,026
9,447

English translation of "KESSAN TANSHIN" originally issued in Japanese

44,40912,058
11,601For the year
ended
March 31, 2020
Composition ratio

10.7%
89.3%

For the year
endingMarch 31, 2021
(Forecast)
58,00014,00013,20012