YAMAZEN CORPORATION

FY3/25(Q1)

Supplementary
Materials for
Financial Results

Stock Code: 8051

AGENDA
I. FY3/25 (Q1) Financial Highlights
II. Earnings Forecast for FY3/25, Medium-Term Management Plan
III. Shareholder Returns and Capital Policy
Appendix

2

AGENDA
I. FY3/25 (Q1) Financial Highlights
II. Earnings Forecast for FY3/25, Medium-Term Management Plan
III. Shareholder Returns and Capital Policy
Appendix3

FY3/25 (Q1) Consolidated Profit and Loss Results(Million yen)

FY3/24(Q1)

PercentagechangeYoY

FY3/25(Q1)

Full Year Plan

Achievement
Rate

Net sales

119,957

118,577-1.2%

530,000

22.4%

Gross profit

18,48517,756

-3.9%

-

-

(Gross profit
margin)

15.4%

15.0%

-0.4ppt--

SG&A expenses

16,032

16,885

+5.3%

-

-

Operating profit

2,452

870

-64.5%

12,000

7.3%(Operating profit
margin)

2.0%

0.7%

-1.3ppt

2.3%-

Non-operating
profit/loss

196

261

+33.0%--

Ordinary profit

2,649

1,132

-57.3%

12,0009.4%

Extraordinary
gain/loss

-4

180

-

-

-

1,569

642

-59.1%

7,600

8.5%

Profit attributable toowners of parent

Due to the delayed recovery of domestic and international capital investment trends, sluggish demand for durable
consumer goods, etc., net sales decreased by 1.2% YoY. Gross profit decreased by 3.9% due to the effect of decreased
sales and the impact of exchange rate fluctuations, etc. Operating profit decreased by 64.5% YoY due to the decrease ingross profit, the increase in system-related expenses associated with the introduction of SAP ERP as a growthinvestment, and the increase in personnel expenses, etc.
4FY3/25 (Q1) Net Sales by Business Segment(Million yen)

FY3/24(Q1)

FY3/25(Q1)

Percentage change
YoY

Machine Tools Division

29,37825,912-11.8%

Industrial Solution Division

21,813

22,598+3.6%

Tool & Engineering Division

25,22325,910+2.7%(Total for Production Equipment
Business)

76,41674,421-2.6%

Building Materials Division

15,847

17,946+13.2%

Home Products Division

26,39524,999-5.3%(Total for Consumer Goods
Business)

42,242

42,945

+1.7%

Other

1,299

1,210

-6.9%

Total

119,957

118,577-1.2%
5

Production Equipment Segment Overview (Domestic/Overseas)
・Domestic Production Equipment Business: In the automobile and semiconductor industries, there was no active movement toward newinvestments, and the performance of consumables such as machine tools and cutting tools was below the same period of
the previous year. On the other hand, the need for automation and labor saving in the industrial sector increased, and salesof related products such as work supplies and material handling tools, which contribute to reducing the labor burden at
production sites, exceeded the same period of the previous year, and in the steel processing industry, where demand for
public infrastructure renewal is strong, infrastructure-related equipment such as fully automatic machines performed well. In
addition, aids for environmental improvement to meet energy-saving needs also showed solid results.
・Overseas Production Equipment Business: Although the North America Regional Headquarters was affected by the sluggish appetite for capital
investment, sales of high-value-added equipment for the medical and aviation industries were strong.
The Taiwan Regional Headquarters saw demand in its main industries, such as electronics and semiconductors, on arecovery trend, exceeding the same period of the previous year. The China Regional Headquarters continued to see
sluggish sales to export-oriented industries, and sales to the renewable energy industry, such as solar power generation andwind power generation, were sluggish, falling below the same period of the previous year. The ASEAN Regional
Headquarters captured new equipment demand by responding to production transfers and relocations from other regions,and investments in stagnant industries such as semiconductors also began to move, exceeding the same period of theprevious year.

Net sales (Millions of yen)
Machine Tools

Production equipment

Domestic

Industrial Solution
Tool & Engineering Business
Total
Machine Tools

Overseas Industrial Solution + T&E Businesses Total

Total
Net sales
Total

Segment profit
Segment profit margin

FY3/24(Q1)

17,09921,22019,622
57,943
12,2786,194
18,47376,416
1,828
2.4%

FY3/25(Q1)

13,67121,80919,74455,225
12,241
6,955
19,19674,421809
1.1%Percentage change
YoY-20.0%
+2.8%
+0.6%
-4.7%
-0.3%
+12.3%+3.9%-2.6%-55.7%-1.3ppt6

Consumer Goods Segment Overview (Building Materials/Home Products)
・ Building Materials Business: While demand was sluggish, sales of air conditioning equipment were strong due to energy-saving
renovation demand and the effects of extreme heat, and as a result of focusing on proposing high-value-added
products that respond to consumers' desire to save money due to soaring utility costs, sales of solar power generationand storage batteries were also strong. The company is also actively developing the non-residential sector andproposals for facility renovations that combine environmental products and installation were successful in helping
SMEs respond to carbon neutrality, exceeding the same period of the previous year.
・ Home Products Business: For private brand products, the company has been working on speedy planning and development that
captures consumer needs and strengthening its lineup, and as a result of disseminating information using various
media to promote the YAMAZEN brand, sales of cooking equipment, home appliances and AV appliances, etc., havebeen strong. Net sales and membership also grew steadily at YAMAZEN Bizcom, the company's e-commerce site forcorporate and sole proprietor customers. However, the company was unable to compensate for the decline in
consumer purchasing appetite due to rising prices of goods and services due to soaring prices of raw materials,
electricity and gas, and the continued weak yen, resulting in lower results than the same period of the previous year.

FY3/24(Q1)(Million yen)Consumer goods

Building Materials
Division

Net sales
Segment profit
Segment profit margin
Net sales

Home Products Division

Segment profit
Segment profit margin
Net sales

Total

Segment profit

Segment profit margin

15,847230
1.5%
26,3951,830
6.9%
42,2422,060
4.9%

FY3/25(Q1)

17,946382
2.1%
24,9991,199
4.8%
42,945
1,581
3.7%

Percentage change
YoY+13.2%+66.2%+0.7ppt-5.3%-34.5%-2.1ppt+1.7%-23.2%-1.2ppt
7

Factors for Changes in Operating Profit(Million yen)

Operating profit

Decrease in gross profit

Increase in SG&A
expenses

729
852
Operating profit

2,452

FY3/24
Q1

Production
equipment
Building
Materials
Home Products-444

Commission expenses
Personnel expenses+205

Freight-469

Storage charge

Down 1,582 YoY

+334
+300
+98
+75

870

FY3/25Q1
8

Consolidated Total Assets

Assets(End of Mar. 2024)

Liabilities and Total Assets(End of Jun. 2024)(End of Jun. 2024)

Current liabilities

2,414

-75

Current assets

Long-term liabilities:

535

+13

Item

End of Jun. 2024

548

5.1%
44.6%
1,480.16 yen
119.5 billion yen
10.6 billion yen

0.5%
Shareholders’
45.2%
equity ratio
Net assets per
1,481.85 yen
shareMarket cap
125.1 billion yen
Basic operating-1.4 billion yen
cash flow
ROE

226

Net assets

1,318
Total assets:

End of Mar. 2024

-59

1,341

2,338

Noncurrent assets anddeferred tax assets(End of Mar. 2024)

2,887

1,401

+4

222

-7

1,326

-62

2,949
(Unit: 100 million yen)

*ROE, shareholders’ equity ratio and net assets per share are taken from thefinancial results summary.
*Market capitalization is calculated by multiplying the closing price at the end of the
fiscal year by the number of shares outstanding (excluding treasury shares) on thesame date.
*Basic operating cash flow is calculated by deducting the increase/decrease inworking capital from operating cash flow.
*Amounts less than 100 million yen have been rounded.

9

AGENDA
I. FY3/25 (Q1) Financial Highlights
II. Earnings Forecast for FY3/25, Medium-Term Management Plan
III. Shareholder Returns and Capital Policy
Appendix10

FY3/25 Full-year Business Plan

(Million yen)

FY3/24
Results

PercentagechangeYoY

FY3/25
Plan

506,866

530,000+4.6%

Operating profit

9,887

12,000+21.4%

Operating profit
margin2.0%

2.3%+0.3ppt

Ordinary profit

10,43512,000+15.0%

6,488

7,600

+17.1%Net sales

Profit attributable to owners ofparentAlthough the environment surrounding the Production Equipment business remains
uncertain, domestic and overseas demand for capital investment is expected to recoverin the second half of the fiscal year, and therefore, net sales are projected to increaseby 4.6% YoY and operating profit by 21.4% YoY in FY3/25.
11

FY3/25 Full-year Business Plan - Net Sales by Business(Million yen)

FY3/24
Results

FY3/25
Plan

PercentagechangeYoY

Machine Tools Division

132,284

138,000+4.3%

Industrial Solution Division

93,18998,600+5.8%

Tool & Engineering Division

103,188

110,400+7.0%(Total for Production Equipment
Business)

328,662

347,000+5.6%

Building Materials Division

71,84275,000+4.4%Home Products Division

101,119

104,000+2.8%(Total for Consumer Goods
Business)

172,962

179,000

+3.5%

Other

5,241

4,000

-23.7%

Total

506,866

530,000+4.6%
12

FY3/25 Full-year Business Plan for the Production Equipment Business(Million yen)

Production Equipment
Business Total

Net sales plan

Full-year

347,000

Percentagechange YoY

Percentage

Segment profit
plan

+5.6%

Production Equipment Business: 3-year sales trends and full-year forecasts

change YoY

9,200

Each division will brush up
expertise, and provide
solutions to meet the needs inproduction sites, such as“automation and laborsaving” and“decarbonization” at anaccelerated pace.

✓

Approach to new domains ofsemiconductors, logistics, 3major product industries(food, medical and cosmetics),
etc.

✓

A new business that provides
total support to
manufacturing sites will bestarted✓Outside Japan, we will
geographically expand andrestructure target markets,and enhance borderlessmarketing and initiatives ingrowing industries.

400,000

330,942
27,369300,000

64,942353,203
33,650347,000
328,662
28,32662,71552,72430,00059,000250,000

80,337200,000

150,000

100,000

50,00078,23484,000160,416
Former Industrial Tools& Equipment Business(Domestic)

88,00189,81795,00078,21488,49879,55979,000FY3/22

FY3/23

FY3/24

FY3/25 (plan)0

Domestic Machne Tools
Domestic T&E

Domestic Industrial Solution
Overseas Machine Tools

2.7%

✓

(Million yen)

350,000+11.9%

Segment profit
margin13

FY3/25 Full-year Business Plan for the Consumer Goods Business(Million yen)

Percentage change
YoY

Net sales plan

Building Materials Division

Full-year

Home Products Division

Full-year

75,000104,000

Segment profit
plan

+4.4%
+2.8%

Consumer Goods Business: 3-year sales trends and full-year forecasts(Million yen)
200,000

167,036

168,742

172,962

100,711

101,119

179,000

175,000

2,700
6,300

104,866

104,000

50,00025,00062,16968,031

71,84275,000FY3/22

FY3/23

Building materials

FY3/24Home products

FY3/25 (plan)

3.6%
6.1%

Expand sales of new energy
equipment for decarbonization(solar power generation, storage
batteries, etc.)✓

Strengthen the system for
managing orders andconstruction for facility
renovation projects in nonresidential sector■Home Products Division✓ Develop new products that meet
consumer needs and popularize
own brands
✓

0

+1.8%
+19.4%✓

100,000

75,000change YoY

Segment profit
margin■Building Materials Division
Continue proposal-based sales ofhigh-value-added products

150,000

125,000

Percentage

Expansion of Yamazen Bizcom,
our own e-commerce site aimed
at corporations and sole
proprietors, etc.

14

FY3/25 Q1 YoY Comparison / Achievement Rate Against Plan
(Million yen)Segment

Business

FY3/24 Q1 results

YoY

Production
equipment

Achievement Rate
Against Full Year
Plan

FY3/25Full Year Plan

Percentage change

FY3/25 Q1 results

Domestic Machine Tools

Net sales

17,09913,671-20.0%

79,00017.3%

Domestic Industrial
Solutions

Net sales

21,22021,809+2.8%

95,00023.0%

Domestic T&E

Net sales

19,622

19,744+0.6%

84,00023.5%

Domestic production
equipment total

Net sales

57,94355,225-4.7%

258,000

21.4%

Overseas Machine Tools

Net sales

12,27812,241-0.3%

59,00020.7%

Net sales

6,194

6,955

+12.3%

30,00023.2%

Net sales

18,47319,196+3.9%

89,00021.6%

Net sales

76,41674,421-2.6%

347,000

21.4%

Segment profit

1,828

809

-55.7%

9,200

8.8%

Segment profit margin

2.4%

1.1%

-1.3ppt

2.7%-1.6ppt

15,847230

17,946382+13.2%+66.2%

75,000
2,700

23.9%
14.2%

1.5%

2.1%

+0.7ppt

3.6%-1.5ppt

26,395
1,830

24,9991,199-5.3%-34.5%

104,000
6,300

24.0%
19.0%

6.9%

4.8%

-2.1ppt

6.1%-1.3ppt

42,242
2,060

42,9451,581+1.7%-23.2%

179,000
9,000

24.0%
17.6%

4.9%

3.7%

-1.2ppt

5.0%-1.3ppt

1,299-1,436

1,210-1,520

-6.9%
-

4,000
-6,200

30.3%
-

-

-

-

-

-

119,957
2,452

118,577870-1.2%-64.5%

530,000
12,000

22.4%
7.3%

2.0%

0.7%

-1.3ppt

2.3%-1.5ppt

Overseas Industrial
Solutions + T&E
Overseas production
equipment total
Production equipment total

Building materials

Net sales
Segment profit
Segment profit margin

Home products

Consumergoods

Net sales
Segment profit
Segment profit margin

Consumer goods total

Net sales
Segment profit
Segment profit margin
Net sales

Other

Segment profit
Segment profit margin
Net sales

Consolidated

Operating profit

Operating profit margin

15

Medium-Term Management Plan:
Disclosed Plan for Sales/Profit/Management Indicators(Million yen)

FY3/22 results

FY3/23 results(First year of Medium-Term
Management Plan)

FY3/24 results

FY3/25 plan
(Revised May 2024)

501,872

527,263506,866

530,000

17,133

16,563

9,887

12,000

3.4%

3.1%

2.0%

2.3%

Ordinary profit

17,093

17,28010,43512,000

Profit12,023

12,527

6,488

7,600

Net sales
Operating profit

Operating profit margin

Indicators(Million yen)

Return on equity(ROE)
Basic operating cash
flow
Shareholders’ equity
ratio

FY3/22 results

FY3/23 results(First year of Medium-Term
Management Plan)

FY3/24 results

FY3/25 plan
(Revised May 2024)

10.9%

10.6%

5.1%

5.8%

12,052

14,427

10,626

12,000

39.9%

42.6%

44.6%

40-45%
16

AGENDA
I. FY3/25 (Q1) Financial Highlights
II. Earnings Forecast for FY3/25, Medium-Term Management Plan
III. Shareholder Returns and Capital Policy
Appendix17

Policy for Improving Corporate Value in the Medium/Long Term (1)We aim to improve our corporate value by pursuing all of “earning capacity,” “yield of capital,” and“financial soundness.”
Key issues
Net sales

Suppliers

Nations and local
communities⚫ Realization of a rewarding
workplace⚫ Establishment of atransparent
governance system

SG&A
expenses - Other
SG&A expenses Personnel expenses

Interest

Taxes

Stakeholder satisfaction

Financial
institutions

Cost of sales

Addressing issues

Employees andtheir families

Stakeholders

Other business
partners⚫ Expansion of green
business⚫ Digitization to maximize
customer value⚫ Realization of sustainableprocurement and supply

ProfitShareholders
Shareholders’equityReduced cost ofshareholders’ equity

ROE maintained above the cost ofshareholders’ equity

Customers*Rise in equity spread×

Optimize capital

Increased growth rate
⚫ Credit rating with consideration

for trading business⚫ Enhancement of engagement⚫ Further stabilization of trading business⚫ Reduction of business risks through⚫ Expansion of cash flows through efforts

to solve material issues

efforts to solve material issues

Boost sustainable growth potential by improving dialogue and reducing
business risks⚫ R&I A-(stable) /JCR A(stable)⚫ Shareholder return focused on

cash allocation

Capital and shareholder
returns policy

18

Policy for Improving Corporate Value in the Medium/Long Term (2)Cost of shareholders’ equity assumed to be around 7% (range of 3.39%-8.78% estimated via CAPM as of March 31,2024)⚫ We will strive to reduce the cost of shareholders’ equity by continuously enhancing dialogue with the market, andpromote investment in business fields with excellent capital efficiency and synergy effects with our existing
distribution business to realize sustainable improvement in profitability and growth and increase corporate value
over the medium to long term.
⚫

ROE/cost of shareholders’ equity

Market cap/basic operating cash flow

Cost of capital: 30-year bondShareholders’ equity
Market cap
Profit attributable to owners of parent
Basic operating cash flow

(%)

13.8
14.0

(Million yen)

Cost of capital: 10-year bond(Million yen)

ROE
12.0

10.9

150,000

10.6

19,00014,37810.0

16,000120,000

8.6

12,00013,0008.0
7.5

90,000

6.9
6.4

7.2

5.9
6.2

25/3 (plan)

24/3

23/3

22/3

25/3
(plan)

21/3

24/3

20/3

23/3

4,000

19/3

22/3

30,000

18/3

21/3

4.6※

7,000

17/3

4.8

4.0

20/3

60,000

16/3

5.5

19/3

5.8

5.1

15/3

6.7

6.0

10,000

5.7※

14/3

7.3

13/3

7.4

12/3

7.5

8.0

※Estimated value as of the end of June 2024

19

Establishment of Treasury Share Acquisition Limit(Announced on May 14, 2024)
・Improve capital efficiency by implementing a flexible capital policy that is responsive to changes in the
Objective

business environment
・Promote the reduction of policy shareholdings
・Realize shareholder returns

Type of Shares to be Acquired:

Common shares

Total Number of Shares that may
be Acquired:

6,000,000 shares (upper limit)(Percentage of issued shares (excluding treasury shares) 6.74%)

Total Amount of Acquisition of
Shares:JPY 5.0 billion (upper limit)

Period of Acquisition:

May 14, 2024 - March 31, 2025

Method of Acquisition:

Purchase on the Tokyo Stock Exchange

Cumulative total of treasury shares acquired (as of July 31, 2024)
Total number of shares acquired: 2,022,400 shares
Total amount of shares acquired: 2,976,602,381 yen
20

Change in Shareholder Returns Policy(Disclosed on August 10, 2023)
The current Medium-Term Management Plan incorporates an increase in depreciation and amortization due to business
investments and capital expenditures, and there is a possibility that shareholder returns will be at an inadequate levelbased on the progress of the investment plan and a short-term downturn in earnings, we have therefore revised ourshareholder return policy to ensure stable and continuous shareholder returns.

Before change

After change
Consolidated payout ratio of 40%

Target payout ratio of 30%

or dividend on equity (DOE) ratioof 3.5%, whichever is higher
Applicable period: FY3/24 and FY3/25(During the period of the Medium-Term Management Plan “CROSSING YAMAZEN 2024”)

Profit per share

Dividend per share

Consolidated payout ratio (%)

(Yen)

140.0

Dividend per share

(Yen)
(%)

80.0

Net assets per share

DOE ratio (%)

1,500.0

4.5
4.3
3.9

120.0

70.0

4.0

3.8

68.5

3.8
3.5

100.0

60.0

1,000.0

3.5

80.0

3.1

3.0

50.0

3.0

3.0

3.0

2.9

60.0
35.1

32.1

40.0
25.5
22.5

40.0

33.0
30.6

20.0

(%)

30.2

2.6

500.0

2.5

28.4

28.0

30.0
24.9

0.0

20.0
13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3

2.0

1.9

26.2
15.0

15.0

20.0

30.0

30.0

32.5

36.0

30.0

20.0

35.0

40.0

50.0

13/3

14/3

15/3

16/3

17/3

18/3

19/3

20/3

21/3

22/3

23/3

24/3

0.0

1.5

21

Shareholder Returns➢➢

FY3/24: Paid an interim dividend of 20 yen per share and a year-end dividend of 30 yen per share, for an annual dividend of 50 yen per share.
FY3/25: Plan to pay an interim dividend of 20 yen per share and a year-end dividend of 31 yen per share, for an annual dividend of 51 yen per share.

(Yen)

(%)

160.0080.0
Profit per share (yen)140.0068.5

Consolidated payout ratio (%)

59.6

120.0060.0

100.00
80.00

50.0
30.6

33.0

30.2

28.0

35.0

26.2

40.0

28.4

24.9

60.00

30.0

40.00
20.00

70.0

20.0
10.0

98.01

90.82

107.79128.80

85.60

80.25

133.74141.00

73.04

85.54

FY3/16

FY3/17

FY3/18

FY3/19FY3/20FY3/21

FY3/22

FY3/23

FY3/24

FY3/25
Plan

0.00

0.0

FY3/18

FY3/19FY3/20FY3/21

FY3/22

FY3/23

FY3/24

FY3/25 planMid-year

13.0

15.0

16.0

10.0

10.0

20.0

20.0

20.0

End of year

*19.5

*21.0

14.0

10.0

*25.0

20.0

30.0

31.0

Annual

*32.5

*36.0

30.0

20.0

35.0

40.0

50.0

51.0

Payout ratio (%)

30.2

28.0

35.0

24.9

26.2

28.4

68.5

59.6

Dividend on equity ratio (DOE) (%)

3.8

3.8

3.0

1.9

2.9

3.0

3.5

3.5

Dividend paid (Million yen)

3,074

3,405

2,837

1,891

3,115

3,560

4,451

4,540

Amount of treasury stock acquired (Million
yen)

733

-

-

-

5,999

-

-

5,000

Total return ratio (%)

37.3

28.0

35.0

24.9

75.8

28.4

68.5

125.5

Dividend per share (yen)*Includes special dividends and commemorative dividends

22[Note on forward-looking information]“The forward-looking statements in this document, including the Medium-Term Management Plan and forecasts, are based on information currently available to the Company and certain assumpptions that
the Company considers reasonable, and are not intended to be a promise by the Company that they will be achieved. Actual results may differ significantly due to various factors. Factors that may affectfuture forecasts include the economic environment in which the Company operates, competitive pressures, relevant laws and regulations, changes in product development status, and exchange rate
fluctuations. However, factors that may affect the future forecasts are not limited to these.”23Appendix

24

Quarterly Trend in Consolidated Net Sales(Million yen)

FY3/21

FY3/22

FY3/23

FY3/24

FY3/25160,000
140,000
120,000
100,000
80,00060,00040,00020,000
0
Q1

Q2

Q3

Q4

25

Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas)(Million yen)Domestic Machine Tools

Domestic Industrial Solution

Domestic T&E

80,00070,00060,00050,00040,00030,00020,00010,0000Q1

Q2
Q3
FY3/21

Q4(Million yen)

Q1

Q2
Q3
FY3/22

Q4

Q1

Overseas Machine Tools

Q2
Q3
FY3/23

Q4

Q1

Q2
Q3
FY3/24Q4Q1
FY3/25Q4Q1
FY3/25

Overseas Industrial Solution + T&E

30,00025,00020,00015,00010,000
5,000

0

Q1

Q2
Q3
FY3/21

Q4

Q1

Q2
Q3
FY3/22

Q4

Q1

Q2
Q3
FY3/23

Q4

Q1

Q2
Q3
FY3/2426

Consumer Goods Segment Quarterly Sales Trend(Building Materials/Home Products)(Million yen)

Building materials

20,00015,00010,000
5,000
0

Q1

Q2
Q3
FY3/21

Q4

Q1

Q2
Q3
FY3/22(Million yen)

Q4

Q1

Q2
Q3
FY3/23

Q4

Q1

Q2
Q3
FY3/24Q4Q1
FY3/25

Q4

Q1

Q2

Q4

Q1

Home products

30,00025,00020,00015,00010,000
5,000

0

Q1

Q2

Q3

FY3/21

Q4

Q1

Q2

Q3

FY3/22

Q4

Q1

Q2

Q3

FY3/23

Q3

FY3/24

FY3/2527

Net Sales Composition by Business (YoY Comparison)

Domestic production equipment: 48.3% → 46.6% (-1.7ppt)
Overseas production equipment: 15.4% → 16.2% (+0.8ppt)ーーーーーーーーーーーーーーーーーーーーーーーー
Production equipment total: 63.7% → 62.8% (-0.9ppt)

FY3/25 Q1

11.5%

18.4%

16.7%

Domestic
production
equipment

FY3/24 Q1

14.3%

17.7%

Building Materials Business: 13.2% → 15.1% (+1.9ppt)
Home Products Business: 22.0% → 21.1% (-0.9ppt)

ーーーーーーーーーーーーーーーーーーーーーーーー
Consumer goods total: 35.2% → 36.2% (+1.0ppt)

10.3%

5.9%

Overseas
production
equipment

16.4%

10.2%

5.2%

15.1%

21.1%

Building
materials

Home
products

13.2%

22.0%

Domestic Machine Tools

Domestic Industrial Solution

Domestic T&E

Overseas Machine Tools

Overseas Industrial Solution + T&E

Building Materials

Home Products

Other

1.0%

1.1%

28