Makita Corporation
Consolidated Financial Results
for the nine months
ended December 31, 2022
(IFRS Financial Information)(English translation of "KESSAN TANSHIN"
originally issued in Japanese)

CONSOLIDATED FINANCIAL RESULTS
FOR THE NINE MONTHS ENDED DECEMBER 31, 2022 (Unaudited)
January 31, 2023

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, 2022 (From April 1, 2022 to December 31,
2022)(1) CONSOLIDATED OPERATING RESULTS
Yen (millions)
For the nine months ended
For the nine months ended
December 31, 2021
December 31, 2022%%
Revenue ................................................................
546,83123.9
580,283
6.1
Operating profit ....................................................
73,233
11.5
27,158(62.9)
Profit before income taxes ....................................
72,47610.8
26,002(64.1)
Profit .....................................................................
51,8199.7
14,068(72.9)
Profit attributable to owners of the parent ............
51,355
9.5
14,219(72.3)
Comprehensive income ........................................
65,327(0.8)
29,886(54.3)
Yen
Profit attributable to
Owners of the parent per share
Basic .................................................................
189.1352.36
Diluted ..............................................................
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, 2022
As of December 31, 2022
1,117,363
1,007,497
762,891
752,530
756,594
746,344
67.7%

74.1%

Note: Amounts of less than one million yen have been rounded.

2. Dividend Information
Yen
For the year ended
March 31, 2022
Cash dividend per share:
Interim .................................................................
Year-end ..............................................................
Total ....................................................................

10.00
62.00
72.00

For the year ending
March 31, 2023
(Forecast)
10.00(Note)(Note)

Notes:
1. The forecast for cash dividend announced on April 27, 2022 has not been revised.
2. The projected amount of dividends for the year ending March 31, 2023 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, 2023 (From April 1, 2022 toMarch 31, 2023)
Yen (millions)
For the year ending March 31, 2023(%)
Revenue ...................................................................................................
750,000
1.5
Operating profit .......................................................................................
25,000(72.7)
Profit before income taxes .......................................................................
23,000(75.1)
Profit attributable to owners of the parent ...............................................
12,000(81.5)
Yen
Profit attributable to owners of the parent per share (Basic) ...................
44.19
Notes:
1. Changes of the forecasts from the most recent disclosure: Yes
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: None
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 shares):
2. Number of treasury shares:
3. Average number of shares outstanding:

As of December 31, 2022:
As of March 31, 2022:
As of December 31, 2022:
As of March 31, 2022:
For the nine months ended
December 31, 2022:
For the nine months ended
December 31, 2021:

280,017,520
280,017,520
8,475,670
8,485,061
271,538,191
271,530,440

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, 2023” 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 per share after
certain adjustments.
The Board of Directors plans to meet in April 2023 for a report on earnings for the year ending March 31, 2023. 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 2023.
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) Overview of operating results of the nine months ended December 31, 2022
Looking at the international economic situation during the nine-month period (the “period”) ended December 31,
2022, concerns over a global economic downturn have heightened against the backdrop of factors including highinflation, monetary tightening in various countries and the energy crisis associated with the prolongation of the war in
Ukraine.
In the consolidated cumulative third quarter, although sales were sluggish in Europe and North America, ourconsolidated revenue increased 6.1% year on year to 580,283 million yen due to strong sales in Japan and Oceania, as
well as the impact of the yen’s depreciation and strong local currencies. In terms of profit, operating profit decreased by
62.9% year on year to 27,158 million yen (operating profit ratio 4.7%) due to a worsening cost ratio as a result of the
impact of foreign exchange rates and soaring raw material prices, along with an increase in selling, general,administrative and others expense. Profit before income taxes decreased by 64.1% year on year to 26,002 million yen(profit before income taxes ratio: 4.5%), and profit attributable to owners of the parent decreased by 72.3% to 14,219
million yen (ratio of profit attributable to owners of the parent: 2.4%).
Revenue results by region were as follows:
In Japan, as stay-at-home demand subsided, we mainly secured sales of cordless outdoor power equipment and the new
XGT series of products, resulting in a 2.3% increase year on year to 90,798 million yen.
In Europe, as sales decreased due to deteriorating business confidence caused by high inflation, monetary tightening, anduncertainty concerning energy supply, but revenue increased by 0.6% year on year to 263,017 million yen due to thedepreciation of the yen against local currencies.
In North America, while sales decreased as stay-at-home demand subsided and monetary tightening created wariness of arecession, revenue increased 14.6% year on year to 92,364 million yen due to the depreciation of the yen against local
currencies.
In Asia, although there was market turmoil around China’s zero COVID-19 policy and impacts from monetary tightening
in various countries, sales were strong in Taiwan and other countries and the depreciation of the yen against local
currencies contributed to revenue increasing by 17.7% year-on-year to 42,240 million yen.
In Central and South America, while sales decreased due to accelerating inflation and increased uncertainty concerning
the future in each country, revenue increased 16.9% year on year to 36,830 million yen due to the depreciation of the yen
against local currencies.
In Oceania, despite negative economic factors such as surging construction material prices and monetary tightening, strong
sales of new products and outdoor power equipment resulted in a 15.4% year on year increase to 44,208 million yen.
In the Middle East and Africa, despite continuing unstable political and economic conditions, revenue increased 6.7%
year on year to 10,826 million yen due to the depreciation of the yen against local currencies.
(2) Overview of financial situation as of December 31, 2022
Total assets as of December 31, 2022 increased by 109,866 million yen to 1,117,363 million yen compared to thebalance as of March 31, 2022. This increase was mainly due to the rise in “Cash and cash equivalents.”
Total liabilities increased by 99,505 million yen to 354,472 million yen compared to the balance as of March 31, 2022.
This increase was mainly due to the rise in “Borrowings.”
Total equity increased by 10,361 million yen to 762,891 million yen compared to the balance as of March 31, 2022.
This increase was mainly due to the change in exchange differences on translating foreign operations included in “Other
components of equity.”

English translation of "KESSAN TANSHIN" originally issued in Japanese3(3) Outlook for the fiscal year ending March 31, 2023
Although exchange rates have trended in a slightly profit increasing direction than the forecast announced publicly on
October 28, 2022, sales during the third quarter cumulative period slowed down mainly in the West, and raw material
procurement costs increased above previous expectations in association with the progress of inflation.
Regarding the full-year consolidated financial results, revenue is expected to exceed the previous forecast as overseas
revenue has increased due to the depreciation of the yen, despite the sales environment remaining severe. However,profit is expected to be below the previous forecast due to increased costs related to inventory optimization.
Revised forecast for consolidated performance of the fiscal year ending March 31, 2023 (From April 1, 2022 toMarch 31, 2023)
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 ................................

740,000
750,000
10,0001.4%

40,00025,000(15,000)(37.5%)

34,00023,000(11,000)(32.4%)

22,00012,000(10,000)(45.5%)

81.02
44.19
-

Actual results for the previous year
ended March 31, 2022 ..........................

739,260

91,72892,48364,770238.54

The assumed exchange rates applied in the forecast calculation are as follows;[Preconditions]
The above forecast is based on the assumption of exchange rates of 130 yen to the U.S. dollar, 140 yen to the euro
and 19.2 yen to the renminbi for the remaining three months period ending March 31, 2023.
The above forecast is based on the assumption of exchange rates of 135 yen to the U.S. dollar, 140 yen to the euro
and 19.7 yen to the renminbi for the year ending March 31, 2023.
[Reference]
The exchange rates for previously announced forecasts that we announced on October 28, 2022 were 137 yen to the
U.S. dollar, 137 yen to the euro and 20.0 yen to the renminbi for the year ending March 31, 2023.
(Note): The above forecast 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 significantly 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, 2022
2022
Composition ratio

Composition ratio

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

71,057

144,124

Trade and other receivables .......................

117,541

96,346Inventories .................................................

475,128

503,254

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

5,281

11,122Other current assets ....................................

15,952

18,897

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

684,95968.0%

773,743

69.2%

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

243,636

260,433

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

10,085

10,387

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

41,545

41,145Retirement benefit asset .............................

11,286

11,071

Deferred tax assets .....................................

12,23817,375

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

3,748

3,209

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

322,53832.0%

343,620

30.8%

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

1,007,497

100.0%

1,117,363

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

Yen (millions)
As of December 31,
As of March 31, 2022
2022
Composition ratio

Composition ratio

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

67,27448,356

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

79,674

207,618

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

9,888

9,224

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

14,767

4,650

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

4,381

4,530

Other current liabilities ...............................

48,181

44,229Total current liabilities ............................

224,16522.2%

318,607

28.5%

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

3,160

3,233

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

13,954

15,532

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

1,595

1,615

Deferred tax assets .....................................

11,88815,285

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

205

200

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

30,802

3.1%

35,865

3.2%

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

254,967

25.3%

354,472

31.7%

EQUITY
Share Capital ..............................................

23,80523,805

Capital Surplus ...........................................

45,58545,598Retained earnings .......................................

640,577

633,812

Treasury shares ..........................................

(11,540)(11,528)

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

47,91764,907

Total equity attributable to owners of the parent

746,34474.1%

756,594

67.7%

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

6,186

0.6%

6,297

0.6%

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

752,530

74.7%

762,891

68.3%

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

1,007,497

100.0%

1,117,363

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,
2022
2021
Composition ratio

Composition ratio

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

546,831 100.0%

580,283 100.0%

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

(373,110) (68.2%)(432,335) (74.5%)

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

173,721

147,948

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

(100,488) (18.4%)

31.8%
13.4%

25.5%

(120,790) (20.8%)

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

73,233Financial income......................................................................

1,599

2,213

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

(2,356)(3,369)PROFIT BEFORE INCOME TAXES .....................................

72,476

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

(20,657)

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

51,8199.5%

14,068

2.4%

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

51,355

9.4%

14,2192.4%

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

464

0.1%

(151)

(0.0%)

13.3%

27,1584.7%

26,002

4.5%(11,934)

Profit attributable to:Consolidated Statements of Comprehensive Income
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2022
2021
51,81914,068through other comprehensive income (loss) ............................

(1,702)(635)

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

(1,702)(635)

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

15,21016,453

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

15,21016,453

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

13,50815,818COMPREHENSIVE INCOME ...................................................

65,32729,886

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

64,77529,775

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

552

111

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, 2021
Equity attributable to owners of the parent
Share
CapitalBalance at April 1, 2021

CapitalSurplus23,80545,559Profit for the period

Retainedearnings

TreasurysharesOther
componentsof equity

588,644(11,543)

11,390Comprehensive income--

Dividends paid

51,355-

Share-based paymenttransaction
Transfer from othercomponents of equity toretained earnings

Total
equity5,471

663,326

51,355464

51,81913,42013,42088

13,50813,42064,775552

65,327(18,736)

Purchase of treasury shares

Total
657,855

51,355

Other comprehensive income

NonControllinginterest(18,736)(18,736)

(6)

(6)

(6)

9

27

27

(5,138)

-

-

18
5,138

Total amounts of transactions
with owners-

18(13,598)3(5,138)(18,715)-(18,715)

Balance at December 31, 2021

23,80545,577

626,401(11,540)

19,672703,915

6,023

709,938

Yen (millions)
For the nine months ended December 31, 2022
Equity attributable to owners of the parent
Share
CapitalBalance at April 1, 2022

CapitalSurplus23,80545,585

Profit for the period

Retainedearnings

TreasurysharesOther
componentsof equity

640,577(11,540)

47,917

Comprehensive income--

Dividends paid

14,219

-

Total

Total
equity746,3446,186

752,530

14,219(151)

14,06815,556

15,556262

15,81815,556

29,775111

29,886

14,219Other comprehensive income

NonControllinginterest(19,550)(19,550)(19,550)

Purchase of treasury shares

(1)

(1)

(1)

Disposal of treasury shares

0

0

0

13

26

26

1,434

-

-

Share-based paymenttransaction
Transfer from othercomponents of equity toretained earnings

13(1,434)

Total amounts of transactions
with owners-

13(20,984)

12

1,434

(19,525)-(19,525)

Balance at December 31, 2022

23,80545,598633,812(11,528)

64,907756,594

6,297

762,891

English translation of "KESSAN TANSHIN" originally issued in Japanese8(4) Consolidated Statements of Cash Flows
Yen (millions)
For the nine months
For the nine months
ended December 31,
ended December 31,
2022
2021
CASH FLOWS FROM OPERATING ACTIVITIES:Profit ....................................................................................................

51,81914,068Depreciation and amortization .............................................................

15,03818,735

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

20,657

11,934

Financial income and expenses............................................................

757

1,156

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

202

324

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

3,828

25,530Decrease (increase) in inventories .......................................................

(137,443)(7,629)

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

12,348(20,658)

Increase (decrease) in retirement benefit assets and liabilities ............

198

186

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

(1,119)756

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

(775)(19,009)

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

(34,490)

25,393

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

738

716

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

332

1,502

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

(454)(1,386)

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

(23,115)(27,022)

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

(56,989)(797)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of non-current assets .............................................................

(45,410)(31,234)

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

654

795

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

(200)

(0)

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

18,065803

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

(8,111)(4,009)Proceeds from withdrawal of time deposits .........................................

21,377

3,299

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

376

24

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

(13,249)(30,322)

Net increase (decrease) in short-term borrowings ...............................

20,211

127,324

Purchase and sales of treasury shares, net ...........................................

(6)

(1)

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

(18,736)(19,550)

Repayments of lease liabilities ............................................................

(2,870)(3,298)Other ....................................................................................................

22

28

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

(1,379)104,503

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

5,060

(317)

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

(66,557)

73,067

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ...

148,640

71,057

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

82,083

144,124

CASH FLOWS FROM FINANCING ACTIVITIES:English translation of "KESSAN TANSHIN" originally issued in Japanese9(5) Notes to Consolidated Financial Statements
Notes on the assumptions for a going concern: None
Segment Information
Yen (millions)
For the nine months ended December 31, 2021
North
ElimiAsia
Total
Other
Americanations

Consolidated

Japan

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

105,346
281,513

263,363
14,19082,364
4,387

23,087
301,566

474,160
601,656

72,671
379(602,035)

546,831-

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

386,859

277,553

86,751

324,653

1,075,816

73,050(602,035)

546,831

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

24,351

31,574822

14,486

71,233

7,874(5,874)73,233

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

Yen (millions)
For the nine months ended December 31, 2022
North
ElimiAsia
Total
Other
Americanations

Consolidated

Japan

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

109,621238,109

264,836
9,532

94,432
2,856

27,064
253,492

495,953
503,989

84,330368 (504,357)

580,283-

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

347,730

274,368

97,288

280,556

999,942

84,698 (504,357)

580,283

Operating profit (loss)...

5,721

10,059(1,409)29,47943,8503,080

27,158

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

English translation of "KESSAN TANSHIN" originally issued in Japanese(19,772)10

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,
2022
2021
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 ...............................................................................

(%)

(%)

546,831 23.9
88,8006.3
458,031 28.1
73,233
11.5
72,476 10.8
51,355
9.5
189.1319,925580,283
6.1
90,7982.3
489,485
6.9
27,158 (62.9)
26,002 (64.1)
14,219 (72.3)
52.36
19,374

Yen (millions)
For the year ending
For the year ended
March 31, 2023
March 31, 2022
(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 ........................................................................

739,260 21.5
118,050
4.4
621,210 25.4
91,728
3.7
92,483
6.1
64,7704.4
238.54
20,233(%)

750,000
120,000
630,000
25,00023,00012,0001.5
1.7
1.4(72.7)(75.1)(81.5)
44.19-

Notes:
1. Please refer to 1. Overview of operating results Section 3 “Outlook for the fiscal year ending March 31, 2023” 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 Japanese11(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,
2021

Yen (millions)
For the nine months
ended December 31,
2022

(%)

(%)

88,800261,554
80,61435,88831,51538,317
10,143546,831

6.3
27.7
21.7
23.2
49.8
31.7
37.2
23.9

90,798263,017
92,36442,24036,83044,208
10,826580,283

2.3
0.6
14.6
17.7
16.9
15.4
6.7
6.1

For the year ended
March 31, 2022(%)

118,050
352,470
112,248
49,196
41,76551,57913,952739,260

4.4
24.7
23.4
25.1
42.0
24.9
20.5
21.5

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,
2021

For the ninemonths ended
December 31,
2022

111.14130.6017.26

136.50140.6019.88

112.39130.5517.51

For the nine months
ended December
31, 2021

For the nine months
ended December
31, 2022

Composition ratio

Composition ratio

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

For the year
ended March 31,2022

For the year
ending March
31, 2023(Forecast)
135
140
19.7

(4) Production Ratio (unit basis)

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

7.1%
92.9%

8.0%
92.0%

(5) Consolidated Capital Expenditures, Depreciation and Amortization, and R&D costs
Yen (millions)
For the nine
For the nine
For the year
months ended
months ended
ended
December 31,
December 31,
March 31, 2022
2022
2021
Capital expenditures ..................
Depreciation and amortization ...
R&D costs .................................

45,41012,56910,433

31,234
15,618
11,193English translation of "KESSAN TANSHIN" originally issued in Japanese

59,937
17,63914,145For the year
ended
March 31, 2022
Composition ratio

7.0%
93.0%

For the year
endingMarch 31, 2023
(Forecast)
40,00020,00015,00012