Makita Corporation
Consolidated Financial Results
for the three months
ended June 30, 2020
(IFRS Financial Information)(English translation of "KESSAN TANSHIN"
originally issued in Japanese)

CONSOLIDATED FINANCIAL RESULTS
FOR THE THREE MONTHS ENDED JUNE 30, 2020 (Unaudited)
July 31, 2020

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

1. Summary operating results of the three months ended June 30, 2020 (From April 1, 2020 to June 30, 2020)(1) CONSOLIDATED OPERATING RESULTS
Yen (millions)
For the three months ended
For the three months ended
June 30, 2019
June 30, 2020(%)
Revenue ................................................................
122,480(0.1)
126,996
3.7
Operating profit ....................................................
17,375(17.4)
15,569(10.4)
Profit before income taxes ....................................
18,770(15.8)
16,469(12.3)
Profit .....................................................................
14,288(8.9)
11,684(18.2)
Profit attributable to owners of the parent ............
14,159(8.9)
11,521(18.6)
Comprehensive income ........................................
1,720(75.1)
15,908
824.9
Yen
Profit attributable to
Owners of the parent per share(Basic)..................................................................
52.16
42.43
(Diluted) ..............................................................
52.15
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.
3.
The amount of profit attributable to owners of the parent per diluted share for the three months ended June 30, 2020 is notshown as diluted shares do not exist.

(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 June 30, 2020
674,564
686,337
575,748
579,991
575,319571,275
84.7%

83.8%

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

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 on May 21, 2020 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 Forecast for the year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)
Yen (millions)
For the year ending
March 31, 2021(%)
Revenue .............................................................................................
490,000(0.5)
Operating profit .................................................................................
53,000(17.2)
Profit before income taxes .................................................................
53,000(19.7)
Profit attributable to owners of the parent .........................................
37,300(21.9)
Yen
Profit attributable to
Owners of the parent per share ..........................................................
137.38Note:
1. 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.
2. Changes of the forecasts from the most recent disclosure: Yes

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):

As of June 30, 2020:
As of March 31, 2020:

280,017,520
280,017,520

2. Number of treasury stock:

As of June 30, 2020:
As of March 31, 2020:

8,500,594
8,500,530

3. Average number of shares outstanding:

For the three months ended June 30, 2020:
For the three months ended June 30, 2019:271,516,937
271,466,880

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)”, “1. Overview of operating results”, “(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 theparent 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
the time, in accordance with the basic policy regarding profit distribution mentioned above, the Board of Directors
plans to propose a dividend equivalent to at least 30% of profit attributable to owners of the parent. The Board of
Directors will submit 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) Overview of operating results of the three month ended June 30, 2020
Looking at the global economic situation during the three-month (the “period”) ended June 30, 2020, bothdeveloped and emerging nations were affected by the COVID-19 outbreak, and economic activities were stagnant on a
global scale, with strict restrictions on travel and immigration imposed in each country.
Our consolidated revenue for this period increased by 3.7% to 126,996 million yen compared to the same period ofprevious year as a result of strong sales mainly in Europe, North America, Oceania and Japan. Operating profit
decreased by 10.4% to 15,569 million yen (operating profit ratio: 12.3%) owing mainly to the increase cost-of-sales
ratio caused by impact of exchange rate. Profit before income taxes decreased by 12.3% to 16,469 million yen (profit
before income taxes ratio: 13.0%) and profit attributable to owners of the parent decreased by 18.6% to 11,521 million
yen (ratio of profit attributable to owners of the parent: 9.1%).
Revenue results by region were as follows:
In Japan, although there were factors leading to slow sales such as a temporary suspension of construction work inmany region, as well as voluntary refraining from events such as exhibition, etc., strong sales for outdoor power
equipment and recovery of tool demand after cancellation of a state of emergency resulted in increased sales by 6.1%
compared to the same period of the previous fiscal year to 25,329 million yen.
In Europe, severe lockdowns were implemented in each country in April, resulted in a significant drop in sales, butsince May, various regulations such as movement restrictions have been relaxed, and tool demand at construction sites
has recovered. At the same time, stay-home-demand has increased in response to self-restraint on travel, resulting in ayear on year increase of 4.3% to 58,168 million yen.
In North America, although the effects of the COVID-19 were initially severe in the eastern United States andCanada, sales to home centers was strong and sales promotions for main products were successful, resulting in a year
on year increase of 14.2% to 19,855 million yen.
In Asia, sales increased in China and Vietnam, where responded swiftly to prevent the spread of the COVID-19
infections, but sales declined significantly in the countries where stringent lockdowns were carried out over a long
period of time, resulting in a year on year decrease of 7.8% to 8,997 million yen.
In Central and South America, sales declined 32.3% year on year to 4,152 million yen due to the deterioration of
economic conditions in each country resulting from the spread of the COVID-19 and the consequent large
depreciation of local currency.
In Oceania, there was stay-home-demand in Australia, where travel is restricted; furthermore, in addition to power
tools, sales of cordless gardening equipment increased significantly despite that it was off-season, leading to a year on
year increase of 18.6% to 8,653 million yen.
In the Middle East and Africa, the spread of the COVID-19 infection led to further negative impact on the market
and our sales activities, which had been weak from before, resulting in a year on year decrease of 18.1% to 1,842
million yen.
(2) Overview of financial situation as of June 30, 2020
Total assets increased 11,773 million yen from the end of the previous fiscal year to 686,337 million yen. The main
factor was an increase in “trade receivables and other receivables” and “property, plant and equipment.”
Total liabilities increased 7,530 million yen from the end of the previous fiscal year to 106,346 million yen. The
main factor was in increase in “trade payables and other payables” and an increase in “income taxes payable.”
Total equity increased 4,243 million yen from the end of the previous fiscal year to 579,991 million yen. The main
factor was the change in valuation of securities included in “other components of equity.”

English translation of "KESSAN TANSHIN" originally issued in Japanese3(3) Outlook for the fiscal year ending March 31, 2021
The consolidated financial forecast for the fiscal year ending March 2021 had been undetermined because it wasdifficult to reasonably calculate the impact of the global pandemic of the COVID-19 on our business performance. Dueto relaxation in each country of various regulations such as movement restrictions. etc., we have decided to calculate
and disclose the financial forecast based on the information available at this time.
Consolidated financial forecast for the year ending March 31, 2021 (April 1, 2020 to March 31, 2021)
For the year ending March 31, 2021
Yen (millions)

Yen
Profitattributableto owners of
the parent

Revenue

OperatingprofitProfit before
income taxes

Forecast announced previously (A) .....
Forecast (B) ........................................
Change (B-A) ......................................
Percentage revision ..............................

490,000-

53,000-53,000-37,300-

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

492,61764,04666,00847,731

Profitattributableto owners of
the parent
per share(basic)137.38175.80

The above forecasts are based on the assumption that economic activities will not stagnate again due to restrictions in
response to the second wave of the spread of the COVID-19. In addition, the assumed exchange rates applied in theforecast calculation are as follows;[Currency exchange rate assumption]
The above forecast is based on the assumption of exchange rates of 105 yen to the U.S. dollar, 118 yen to the euro
and 14.9 yen to the renminbi for the remaining nine 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, 118 yen to the euro
and 15.0 yen to the renminbi for the year ending March 31, 2021.
[Reference]
The actual exchange rate for the year ended March 31, 2020 was 108.70 yen to the U.S. dollar, 120.81 yen to theeuro and 15.60 yen to the renminbi.
(Note)
The above forecasts are made based on the information available at this time and include potential risks anduncertainties, so the actual results may differ from the forecast due to various factors such as the timing of the
COVID-19 comes to an end.

English translation of "KESSAN TANSHIN" originally issued in Japanese42. Consolidated Financial Statements (Unaudited)(1) Consolidated Statement of Financial Position
Yen (millions)
As of March 31, 2020
As of June 30, 2020
Composition ratio

Composition ratio

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

143,439

133,699

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

69,59977,416Inventories ........................................................

214,560

216,783

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

25,23522,994

Other current assets ..........................................

7,633

9,226

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

460,46668.3%

460,118

67.0%

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

146,649

154,753

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

8,749

8,796

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

38,551

41,990Net defined retirement benefit assets ................

9,511

9,426

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

6,932

7,729

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

3,706

3,525

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

214,098

31.7%

226,21933.0%

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

674,564100.0%

686,337

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

Yen (millions)
As of March 31, 2020
As of June 30, 2020
Composition ratio

Composition ratio

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

34,95937,539Borrowings .....................................................

7,997

6,010

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

2,468

3,119

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

3,757

6,381

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

2,931

3,003

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

27,26428,406

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

79,376

11.7%

84,458

12.3%

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

3,138

3,167

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

9,894

9,940

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

1,248

1,227

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

4,952

7,346

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

208

208

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

19,4402.9%

21,888

3.2%

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

98,81614.6%

106,346

15.5%

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

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

45,53145,542Retained earnings ............................................

540,063

539,909

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

(11,554)(11,555)

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

(26,570)(22,382)

Total equity attributable to owners of the parent ...

571,275

84.7%

575,319

83.8%

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

4,473

0.7%

4,672

0.7%

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

575,748

85.4%

579,991

84.5%

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

674,564100.0%

686,337

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 three months
For the three months
ended June 30, 2020
ended June 30, 2019
Ratio to revenue

Ratio to revenue

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

122,480 100.0%

126,996 100.0%

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

(78,955) (64.5%)(86,015) (67.7%)

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

43,52540,981

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

(26,150) (21.3%)(25,412) (20.0%)

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

17,375

15,569Financial income......................................................................

1,503

998

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

(108)

(98)

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

18,770

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

(4,482)PROFIT ...................................................................................

14,288

11.7%

11,6849.2%

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

14,15911.6%

11,521

9.1%

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

129

0.1%

163

0.1%

35.5%
14.2%

15.3%

32.3%
12.3%

16,46913.0%(4,785)

Profit attributable to:Consolidated Statements of Comprehensive Income
Yen (millions)
For the three months
For the three months
ended June 30, 2020
ended June 30, 201914,288

11,684through other comprehensive income (loss) ............................

(590)

2,158

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

(590)

2,158

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

(11,978)

2,066

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

(11,978)

2,066

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

(12,568)

4,224

COMPREHENSIVE INCOME ...................................................

1,720

15,908

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

1,666

15,709Non-controlling interests .........................................................

54

199

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 or 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 three months ended June 30, 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)--Comprehensive income
Dividends paid

14,159-

Disposal of treasury stock0

Share-based paymenttransaction

10

Transfer from othercomponents of equity toretained earnings

572,748577,222

14,159129

14,288(12,493)(12,493)(75)(12,568)(12,493)

1,666

54

1,720

(14,116)(14,116)

(1)

(1)

(1)

0

0

0

10

10

(342)

-

-

342

Total amounts of transactions
with owners

4,474

Total
equity6,431(14,116)

Purchase of treasury stock

Balance at June 30, 2019

Total

14,159Other comprehensive income

NonControllinginterest-

10(13,774)

(1)

(342)

(14,107)-(14,107)

23,80545,581

509,007(11,682)(6,404)560,307

4,528

564,835

Yen (millions)
For the three months ended June 30, 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

11,521

Balance at June 30, 2020

575,748

11,521

163

11,684

4,188

4,188

36

4,224

4,188

15,709199

15,908(1)

Share-based paymenttransaction

Total
equity4,473(11,675)

Purchase of treasury stock

Total amounts of transactions
with owners

-

Total

571,275

11,521Other comprehensive income
Comprehensive income(26,570)

NonControllinginterest

11(11,675)(11,675)

(1)

(1)

11

11

-

11

(11,675)(1)-(11,665)-(11,665)

23,80545,542539,909(11,555)(22,382)

575,319

4,672

579,991

English translation of "KESSAN TANSHIN" originally issued in Japanese8(4) Consolidated Statements of Cash Flows
Yen (millions)
For the three months
For the three months
ended June 30, 2020
ended June 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:Profit ....................................................................................................

14,288

11,684

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

3,406

3,675

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

4,482

4,785

Financial expenses (income)................................................................

(1,395)(900)

Loss (gain) on sales and retirement of property, plant and equipment(1,041)74

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

3,552(7,324)

Increase in inventories .........................................................................

(7,822)(99)

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

(3,619)

1,924

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

(90)

15

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

(527)

547

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

11,234

14,381Dividends received ..............................................................................

402

395

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

473

180

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

(100)

(108)

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

(8,118)(1,745)

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

3,891

13,103

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

(9,045)(10,189)

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

2,181

6

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

(1,292)(200)

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

768

5,028

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

(10,081)(11,064)

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

16,868

7,940

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

205

14

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

(396)(8,465)

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

(485)(2,005)Purchase and sales of treasury stock, net .............................................

(1)

(1)

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

(14,116)(11,675)

Repayment of lease liabilities ..............................................................

(534)

(641)

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

935

788

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

(14,201)(13,534)

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

(4,834)(844)

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

(15,540)(9,740)CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ...

146,512

143,439

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

130,972

133,699

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
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.
(Operating Segment Information)
Yen (millions)
For the three months ended June 30, 2019
North
Asia
Total
Other
America

Eliminations

Consolidated

13,701
91(102,508)

122,480-

211,196

13,792(102,508)

122,480

14,230170

2,975

17,375

Yen (millions)
For the three months ended June 30, 2020
North
Asia
Total
Other
America

Eliminations

Consolidated

Japan

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

28,582
48,81456,0701,948

17,830972

6,297
50,683

108,779
102,417

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

77,39658,01818,802

56,980Operating profit (loss)...

6,715

3,216

(995)

5,294

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

Japan

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

30,02653,12058,4492,556

20,072797

5,250
58,987

113,797
115,460

13,19983(115,543)

126,996-

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

83,14661,005

20,86964,237229,257

13,282(115,543)

126,996

Operating profit (loss)...

6,266

5,053

(188)

6,907

18,038264(2,733)

15,569

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 three months
For the three months
ended June 30, 2020
ended June 30, 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 .........................................................................

(%)

(%)

122,480(0.1)
23,883
11.2
98,597(2.5)
17,375 (17.4)
18,770 (15.8)
14,159(8.9)
52.16
16,595

126,996
3.7
25,3296.1
101,667
3.1
15,569 (10.4)
16,469 (12.3)
11,521 (18.6)
42.43
17,293

Yen (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)
175.8017,090(%)

490,000 (0.5)
100,000 (0.7)
390,000 (0.5)
53,000 (17.2)
53,000 (19.7)
37,300 (21.9)
137.38-Notes:
1. Please refer to “SUPPLEMENT INFORMATION (CONSOLIDATED)”, “1. Overview of operating results”, “(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.

For the three months
ended June 30, 2019

Yen (millions)
For the three months
ended June 30, 2020

For the year ended
March 31, 2020

(%)

(%)

(%)

23,88355,76817,388
9,761
6,133
7,298
2,249
122,480

11.2
1.1
1.3
(4.0)
(8.5)
(7.9)
(44.3)(0.1)

25,32958,16819,855
8,997
4,152
8,653
1,842
126,996

6.1
4.3
14.2
(7.8)
(32.3)
18.6(18.1)
3.7

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 “Operating 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.

(3) Exchange Rates
Yen
For the threemonths ended
June 30, 2019

For the threemonths ended
June 30, 2020

109.90123.5016.08

107.63118.5915.17

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

For the year
ended March 31,
2020
108.70120.81
15.60

For the year
ending March
31, 2021(Forecast)
106
118
15.0

(4) Production Ratio (unit basis)
For the threemonths ended
June 30, 2019
Composition ratio

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

For the threemonths ended
June 30, 2020
Composition ratio

11.2%
88.8%

For the year
ended
March 31, 2020
Composition ratio

9.0%
91.0%

10.7%
89.3%

(5) Consolidated Capital Expenditures, Depreciation and Amortization, and R&D cost
Yen (millions)

Capital expenditures ..................
Depreciation and amortization ...
R&D cost ...................................

For the threemonths ended
June 30, 2019

For the threemonths ended
June 30, 2020

For the year
ended
March 31, 2020

For the year
endingMarch 31, 2021
(Forecast)

9,045
2,990
2,867

10,1893,118
3,227

44,40912,058
11,60158,00014,00013,200English translation of "KESSAN TANSHIN" originally issued in Japanese12