Data

KAYABA Performance Highlights

Financial
Overview

Net sales for the KAYABA Group were ¥431.2 billion, a ¥42.8 billion increase over the previous fiscal year.
Operating profit was ¥32.5 billion (compared with ¥30 billion in the previous fiscal year), while profit before tax ¥31.8
billion (compared with ¥28.8 billion in the previous fiscal year). Also, profit attributable to owners of the parent was¥27.2 billion (compared with a profit attributable to owners of the parent of ¥22.5 billion in the previous fiscal year).

Segment Profit

Depreciation and Amortization

R&D Expenses(¥ million)(¥ million)(¥ million)

60０,０００

4０,０００3０,０００1０,０００50０,０００412,21440０,０００431,205

3０,０００388,360

381,584
328,037

24,71322,01030０,０００8,０００20,61525,5002０,０００18,634

17,581

18,314

18,652

6,312
5,368

6,０００

5,767

6,110

17,5752０,０００13,325

4,０００

20０,０００

1０,０００1０,０００

2018

2019

2020

2021

2022

(FY)

０

2018

2019

2020

2021

2022

(FY)

０

2018

2019

2020

2021

2022

(FY)

０

2018

2019

2020

2021

426,635

434,187

2020

2021

2022

Value Creation

2,０００

10０,００００6,750Strategy

Net Sales(¥ million)(FY)

Note: Segment profit is calculated by deducting cost of sales and selling, generaland administrative expenses from net sales.

Profit (loss) before tax(¥ million)

5０,０００5０,０００30,001

Total Assets(¥ million)(¥ million)
60０,０００

4０,０００32,547

28,817

18,29725,０００Cash Flows (CF)31,77022,576

16,34025,０００2０,０００17,047０

0-25,０００(28,496)(29,510)(40,298)

2018

2019

2021

2022

(FY)

-5０,０００

2018

2019

2021

2022

(FY)

(13,616)

446,836

20０,０００(20,180)(21,505)-4０,０００410,454(13,517)

10０,０００(32,711)2020

441,074

30０,０００(10,871)(6,281)(41,419)2020

50０,０００

2018

2019

CF from operating activities

2020

2021

CF from investing activities

2022

(FY)

０

2018

2019

2022

(FY)

Data

-5０,０００-2０,０００

23,914

1,146(4,999)-25,０００

20,82624,24740０,０００

10,4180

Business Strategy

Operating Profit (Loss)(¥ million)

CF from financing activities

Profit (Loss) Attributable to Owners of the Parent

Capital Expenditures

Total Equity(¥ million)(¥ million)(¥ million)

Ratio of equity attributable to owners of the parent(%)

8０,０００3０,０００25０,０００60

25,34523,3474０,０００17,08722,549191,036

20０,０００27,210155,643

2０,０００13,322

0

14,58815０,０００

14,59540.9

160,91440

116,726

25.9

79,81510０,０００

20

1０,０００(24,757)

35.3

33.9

18.1

-4０,０００

5０,０００(61,879)-8０,０００

57

2018

2019

KAYABA Group Report 2023

2020

2021

2022

(FY)

０

2018

2019

2020

2021

2022

(FY)

０

2018

2019

2020

2021

2022

(FY)

０

2018

2019

2020

2021

2022

(FY)

KAYABA Group Report 2023

58

Data
KAYABA Performance Highlights

CO2 Emissions

Non-financial

Energy Consumption（kL）

300,０００

0.500

3,０００

0.382

0.361

1,946

0.301

20０,０００

2,０００

1,910

68,61367,54861,583

61,762

29,708 tCO2

59,721 tCO2

Scope 2

51,392 tCO2

27,403 tCO2

85,849 tCO2

164,644 tCO2

Scope 3Category 1

Purchased Goods and Services

828,110 tCO2

370,035 tCO2

834,797 tCO2

2,032,943 tCO2

Category 2

Capital Goods

16,836 tCO2

10,920 tCO2

24,299 tCO2

52,055 tCO2

Category 3

Fuel- and Energy-Related Activities
Not Included in Scope 1 or Scope 2

24,318 tCO2

5,895 tCO2

15,022 tCO2

45,236 tCO2

Category 4

Upstream Transportation andDistribution

4,491 tCO2

9,121 tCO2

56,223 tCO2

69,835 tCO2

Category 5

Waste Generated in Operations

1,964 tCO2

2,618 tCO2

14,330 tCO2

18,911 tCO2

Category 6

Business Travel

734 tCO2271 tCO2

1,897 tCO2

2,901 tCO2

Category 7

Employee Commuting

3,497 tCO2

3,327 tCO2

10,452 tCO2

17,276 tCO2

Category 8

Upstream Leased Assets

2,745 tCO2

1,950 tCO2

731 tCO2

5,426 tCO2

Category 9

Downstream transportation andDistribution

315 tCO2

55 tCO2

0 tCO2370 tCO2

Category 10

Processing of Sold Productsー

Category 11

Use of sold products

275,616 tCO2

0 tCO20 tCO2

275,616 tCO2

Category 12

End-of-Life Treatment of Sold Products

16,889 tCO2

0 tCO20 tCO2

16,889 tCO2

Category 13

Downstream Leased Assets

Category 14

Franchises

ー

ー

ー

ー

Category 15

Investments

ー

ー

ー

ー

1,479

1,０００

21,11948,92450,993
０

2018

2020

2019

21,451

18,63442,877

19,852
46,836

46,613
2021

2022

0.100

(FY)

Energyconsumption ■ KAYABA ■ Domestic subsidiaries■■ Overseas subsidiaries

０

０

2018

2020

2019

2021

Basic units

Water Usage

Industrial waste: Volume treated by contractors
（t）

4,０００

300,０００

（kg）
60.0

54.1

52.1

48.5

48.2
1,355

1,280

1,046

159
132
1,669

1,０００

1,357

Water
supply■Wastewater

2018

547
155
103
1,571

1,562
1,426

2019

1,288
2020

149
112

99

10０,０００

3,347
(FY)

■ KAYABA ■ Domestic subsidiaries ■ Overseas subsidiaries■ KAYABA ■ Domestic subsidiaries ■ Overseas subsidiaries

０

2018

Industrial
waste■

Number of Employees

2,809

3,692

3,321

2,750

2019

2020

4,478

5,052

2,809

2,761
2022

■ KAYABA ■ Domestic subsidiaries■ Overseas subsidiaries(FY)○: Target achieved ×: Target not achieved

Global (KAYABA, seven domestic subsidiaries,
18 overseas subsidiaries)

Theme

０

Basic units

OSHMS/ISO 45001 Certification Acquisition (As of March 31, 2023)

Climatechangecountermeasures

20,０００15,427

15,43915,０００14,71814,472Six KAYABA Plants:

13,9201０,０００100%

Global:100%

ISO14001 Certification Acquisition (As of March 31, 2023)

０

2018

2019

2020

2021

2022

(FY)

100%

Global:88%

Numerical
targetFY 2022
achievements

Numerical
target(Ref.) 78,774 tCO2 or less(Ref.) 236,265 tCO2 or less

224,365 tCO2ー

CO2 emission volume perbasic unit

0.604 tCO2/¥ million or less 0.526 tCO2/¥ million○

FY 2022
achievements

Evaluation

77,266 tCO2ー0.444 tCO2/¥ million or less 0.407 tCO2/¥ million○

Energy consumption(Ref.) 134,496 kl or less

128,450 kl

ー(Ref.) 47,456 kl or less

46,836 kl

ーEnergy consumption per
basic unit

0.351 kl/¥ million or less0.301 kl/¥ million○

0.256 kl/¥ million or less0.247 kl/¥ million○

General waste(Ref.) 3,246 t or less

2,653 tー(Ref.) 527 t or less

347 t

ー

General waste per basic
unit

8.46 t/¥ million or less6.23 kg/¥ million○

2.84 kg/¥ million or less1.82 kg/¥ million○(Ref.) 40,140 t or less

40,459 tー(Ref.) 18,739 t or less

19,105 tー

105 kg/¥ million or less

95 kg/¥ million○

101 kg/¥ million or less

101 kg/¥ million○

Industrial waste(Ref.) 21,105 t or less

18,506 tー(Ref.) 3,222 t or less

2,513 tーIndustrial waste per basic
unit

55.0 kg/¥ million or less43.4 kg/¥ million○

17.4 kg/¥ million or less14.5 kg/¥ million○(Ref.) 438 t or less

405 t

ー

Plastic waste matter
Recycling

KAYABA (six plants)

Evaluation

CO2 emission volume

Reductionof industri- Metal scrap
al waste
Metal scrap per basic unit

5,０００

Six KAYABA Plants:

0 tCO2

Materials cited for calculations
Scope 1: M anual for the Calculation and Reporting of Greenhouse Gas Emissions and GHG Protocol, Ministry of the Environment
Scope 2: E mission Factors by Electric Utility Operator (used to calculate emissions volumes of greenhouse gas by designated emitters), Ministry of the Environment andMinistry of Economy, Trade and Industry; IEA Emission factors 2021; and Ministry of Ecology and Environment of People’s Republic of China (China plants) (In cases
where the market standard was unclear, a location basis was substituted.)
Scope 3, Category 1:	Environmental Impact Factors with Consideration for the Global Supply Chain, announced by Incorporated Administrative Agency the National
Institute for Environmental Studies, and use of basic units based on the results of domestic calculations at overseas plants
Scope 3, Categories 2 to 15:	Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain, announced by the Ministry of the Environment andMinistry of Economy, Trade and Industry. Category 10 is under investigation, Categories 11 and 12 are applicable to the mixer trucks in our Specialpurpose Vehicles Division, and Category 14 and 15 are not applicable.

10.0

2021

0 tCO2The coverage of Scope 1, 2, and 3 contains six KAYABA Plants and the Company’s affiliates (seven domestic subsidiaries, 18 overseas subsidiaries) for the entire KAYABAGroup’s performance in 2022. The calculation method for each Scope is in conformity with the guidelines released by Japan’s Ministry of the Environment, and the method foroverseas plants is essentially the same. However, Scope 2 uses the market standards for CO2 emissions factors.

20.0

5,199

1,268
2022

40.0

10,693

30.0

1,425

2021

11,69811,001

762

611

1,188

13,8520 tCO2

Recycling rate

ー

ー

ー

95.3% 以上

88.5%

×Final disposal volume

ー

ー

ー

3.1% or less

2.6%

○

Data

０

143
119

12,70520０,０００

1,028

836

750

50.0

43.4

1,301

0 tCO2ーBusiness Strategy

（km3）

178
1,636

(FY)

2022

ー

ー

Value Creation

22,4022,０００

4,139 tCO2

0.200

10０,０００3,０００25,874 tCO2

1,778

1,650

0.300

72,495

Direct Emissions
Indirect Emissions from the Use of Electricity(Market Standard)

0.400

0.347

0.331

Total

Strategy（kL）

Domestic subsidiaries Overseas subsidiaries(seven companies)(18 companies)

Scope 1

Energy Consumption for Transportation（kL）

KAYABA(six plants)

CO2 emission category

Overview

The volume of energy used in the product manufacturing phase in the KAYABA Group was 128,450 kL in crude oilconversion (a year-on-year decrease of 5.3%), with a basic unit of 0.301 kL/million yen (a year-on-year decrease of13%). Regarding industrial waste, we worked to reduce the volume of waste matter and promote in-house recycling,
bringing emission volumes (the volume treated by contractors) to 18,506 tons (a year-on-year decrease of 2.5%), witha basic unit of 43.4kg/hundred million yen (10.5% compared to the previous fiscal year).

Note: Energyrefers to the total of crude oil conversion, such as electricity and fuel. Regarding the decrease of industrial waste, the calculations exclude valuable materials(recycling or reuse) generated by initiatives to promote recycling.
Output level are calculated based on KAYABA’s regulations, which take shipping into account.
Reference: At the present time, the numerical target for the aggregate volume of emissions has not been set, and we are undergoing investigations related to setting thetargets.

59

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60

Data

11-Years Financial Summary(Millions of yen)

2015

2016

2017

2018

2019

2020

2021

2022

Accounting standards applied

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

305,752

352,710370,327355,320355,316

393,743

412,214

381,584

328,037

388,360

431,205——

15,506

17,58818,62422,94922,01017,575

13,32524,71325,500Operating profit (loss)

10,473

18,17014,461

4,327

19,247

20,885(28,496)(40,298)

18,29730,00132,547

Profit (loss) before tax [Income (loss) before income taxes

12,994

21,032

14,892

2,825

18,852

20,881(29,510)(41,419)

16,34028,817

31,7707,789

12,761

8,036(3,161)

14,544

15,202(24,757)(61,879)

17,08722,54927,210Capital expenditures

39,21529,90830,087

21,30020,578

20,95625,34523,347

13,322

14,588

14,595

Depreciation and amortization

14,554

17,294

15,191

17,075

15,922

16,98817,581

20,615

18,634

18,314

18,652R&D expenses

5,468

6,917

8,910*

7,760

7,621

8,102

6,750

6,312

5,368

5,767

6,110

Cash flows from operating activities

18,98428,78822,335

19,95831,15329,252

17,047(4,999)20,82624,247

23,914

Cash flows from investing activities(36,125)(36,078)(30,658)(20,320)(21,337)(16,386)(13,616)(21,505)(6,281)(10,871)(13,517)

Cash flows from financing activities

8,529

5,709

(555)

(3,395)(969)(4,482)(10,418)

22,576

1,146(32,711)(20,180)

Cash and cash equivalents at end of period

35,215

38,13230,51025,29633,98842,70256,09250,42368,70052,11843,585

Total assets

327,912361,083

387,877

359,002381,326

412,493441,074

410,454426,635

434,187446,836

Interest-bearing debt*2

95,33888,81392,44891,68593,563

94,641

108,634

154,608

160,278

124,874

114,706

Total equity [Total net assets]

116,435

153,997

175,256

153,381

169,771

186,651

155,643

79,815

116,726

160,914

191,036

Basic earnings per share [Net income (loss) per share]*3 (Yen)

35.24

55.25

31.45

(12.37)56.93

595.09(969.18)(2,422.53)

668.95854.96

1,028.40

Cash dividends per share applicable to the year*3 (Yen)

8.00

9.00

12.00

11.00

12.00

150.00

0.00

0.00

75.00

105.00200.00Return on equity attributable to owners of the parent[Return on equity] (ROE; %)

7.3

9.7

5.1

(2.0)

9.3

8.8

(15.0)(55.4)

18.5

17.1

16.2

Ratio of equity attributable to owners of the parent [Equity ratio] (%)

34.5

41.2

43.6

41.3

43.1

43.7

33.9

18.1

25.9

35.3

40.9

P/E ratio (Times)

13.1

7.9

14.0

—

10.2

8.5

—

—

4.5

3.5

3.9

12,306

13,033

13,732

13,796

14,35014,754

15,427

15,43914,71814,472

13,920Net sales
Segment profit*1

Profit (loss) attributable to owners of the parent [Net income (loss)]

Business Strategy

2014

Value Creation

2013
JGAAP

Strategy

2012
JGAAP

Overview

FY

Data

Number of employees*1: Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from net sales.
*2: Interest-bearing debt = Short-term borrowings + Current portion of long-term borrowings + Current lease obligations + Corporate bonds + Long-term debt +Non-current lease obligations + Guarantee deposits received (Corporate bonds have been added since FY2021)*3: The Company carried out 1-for-10 reverse stock split on the effective date of October 1, 2017.
Notes: 1. KYB Corporation and Consolidated Subsidiaries
2. *JGAAP61

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62

Data

KAYABA in Globe(As of October 1, 2023)

Overview

23 Countries, 41 Companies

America

6 companies in 3 countries

Regional Headquarters
Production BaseKYB Americas Corporation (Indiana)
KYB Americas Corporation (Greenwood)

R&D Base
Sales Office / Other Services

KYB Americas Corporation (Chicago)
Takako America Co., INC.

		 Environmental data target
		 Companies/Plants

KYB Mexico S.A. de C.V.
Strategy

KYB Mexico S.A. de C.V. Mexico City Branch
KYB Manufacturing do Brasil Fabricante deAutopecas S.A.
KYB International America, Inc.
Comercial de Autopecas KYB do Brasil Ltda.

Value Creation

Europe7 companies in 12 countries
KYB Europe GmbHKYB Europe GmbH (Navarra Branch)KYB France

Business Strategy

KYB Iberia
KYB Italy
KYB Poland
KYB Romania
KYB Turkey

Asia

18 companies in 7 countries

KYB UKKYB (China) Investment Co., Ltd.
KYB Industrial Machinery (Zhenjiang) Ltd.

KYB UkraineKYB Suspensions Europe, S.A.U.
KYB Advanced Manufacturing Spain, S.A.U.
KYB Manufacturing Czech s.r.o.
LLC KYB Eurasia
KYB Middle East FZE		Hubei Henglong & KYB Automobile ElectricSteering System Co., Ltd.
CHITA KYB Manufacturing (Zhenjiang) Co., Ltd.
KYB Manufacturing Taiwan Co., Ltd.
KYB Steering (Thailand) Co., Ltd.
KYB (Thailand) Co., Ltd.
KYB Manufacturing Vietnam Co., Ltd.
Takako Vietnam Co., Ltd.
PT. KYB Hydraulics Manufacturing Indonesia
PT. Kayaba Indonesia
PT. Chita Indonesia
KYB-UMW Malaysia Sdn. Bhd.
KYB Motorcycle Suspension India Pvt. Ltd.
KYB-Conmat Pvt. Ltd.
KYB Asian Pacific Corp. Ltd.
KYB Asian Pacific Corp. Ltd.
Amata Nakorn BranchJapan

10 companies in 1 country
KYB Corporation (KAYABA)
Kumagaya Plant

Data

KYB CHITA Manufacturing Europe s.r.o.

Wuxi KYB Top Absorber Co., Ltd.
Changzhou KYB Leadrun Vibration Reduction		Technology Co., Ltd.

KYB Nagaoka Co., Ltd.
KYB Kanayama Co., Ltd.

Sagami Plant

KYB Motorcycle Suspension Co., Ltd.

Gifu North Plant

KYB-CS Co., Ltd.

Gifu South Plant

Takako Industries, Inc.

Gifu East Plant

Kensiyuu Co., Ltd.

Mie Plant

Japan Analysts Co., Ltd.

Nagano Plant

KYB Logistics Co., Ltd.

Basic Technology R&D Center

Chikuyo Seiki Kogyo Co., Ltd.

Products Technology R&D Center
Machine Tools Center
Developmental Center
NagoyaOsaka
Hiroshima
Fukuoka

KYB Corporation Chennai Branch

63

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64

Data

External Assessments

Corporate Information(FY2022)(As of March 31, 2023)

https://www.kyb.co.jp

Awards List

June 2022

July 2022

Awards Side
Thai government

Audit passed for safety, health, environment, and plant management

KST (Thailand)

Superior Product Quality Award

Nissan Motor

Manufacture of camshaft bracket installed inengine, two consecutive years

KYB-YSQCDS Best Performance Award
Regional Quality Award

JATCO

Two consecutive years

KAYABA,
Kanayama

QCDS A Rank Award

JATCO (Guangzhou) andJATCO (Suzhou)

Two consecutive years

KCI (China)Award for Effort to Deliver Zero
Defective Products (for the sixth
consecutive month)

Mazda Motor

Regional Special Award and Quality
Award

JATCO (Thailand(

Received award every year since theestablishment of JTL (eighth time)

KST (Thailand)

Best Improvement on Working Capitaland Fixed Asset Management

PT. Astra Otoparts Tbk.

Recognition for working capital improvements and outstanding fixed asset
management

PT.KYBI(Indonesia)

Logistics Performance Award

Daihatsu Motor

Evaluations on the efforts to improvelogistics

KST (Thailand)Service Parts Supplier Award

Mitsubishi Motor

Evaluations of quality and delivery

KST (Thailand)

KAYABA

UMW GroupGroup Award, Company AwardKMSB (Malaysia)

Best Profit Ratio Award

UMW Group2021 Award, Past Three Years AwardKMSB (Malaysia)

Chairman's Award

UMW Group

Annual champion

KMSB (Malaysia)

Gifu Inventors Exhibition

Patent related to swing valve

KAYABA

Chairman’s Award from the Gifu
Prefecture Labor Standards
Association

Gifu Prefecture Labor
Standards Association

Recognition of KAYABA’s health andsafety activities in the Gifu district

KAYABA

Non-citizens who have made prominent
Zhenjiang People’s Friendship Envoy Zhenjiang People’s External contributions to Zhenjiang’s economic andKCI (China)
Award
Friendship Associationsocial development, philanthropic work, or
the promotion of friendly relations overseas
Gifu Governor’s Award

December 2022

SER (Certified)Caterpillar

January 2023

Selected as a Good Partnership
Company

Automobile Business
Association of Japan

March 2023

KAYABA, KIMZ
(China)Number of Employees 13,920 (Consolidated basis)
Securities Traded

Prime Market of Tokyo Stock Exchange

Shareholder Information(As of March 31, 2023)

Major Shareholders
Percent of
Total
SharesIssued (%)

Common Stock
IssuedCommon stock : 25,748,431
Class A preferred stock : 125

Name

Shareholding(Thousands)

Number of
Shareholders

Common stock : 13,482
Class A preferred stock : 8

The Master Trust Bank of Japan(Trust Account)

2,818,600

11.0Transfer Agentand Registrar

Mizuho Trust & Banking Co., Ltd.
3-3, Marunouchi 1-chome, Chiyoda-ku,
Tokyo 100-8241, Japan

Toyota Motor Corporation

1,965,417

7.7

Custody Bank of Japan, Ltd.
(Trust Account)

1,031,300

4.0

Meiji Yasuda Life Insurance
Company

1,004,650［15］3.9Composition of Shareholders (Common Stock)
Treasury shares
199 thousand (1%)
Foreign companies
4,362 thousand (17%)

Other domestic
companies

25,748thousand shares

Financial institutions

8,617 thousand (33%)

5,822 thousand (23%)
Individuals and others
6,748 thousand (26%)

Suppliers’stock ownership

984,200

3.9

Hitachi Construction MachineryCo., Ltd.

892,000

3.5

Trust & Custody Services Bank,
Ltd. as trustee for Mizuho Bank,
Ltd. Retirement Benefit Trust
Account re-entrusted by Mizuho
Trust and Banking Co., Ltd.

611,500

2.4

Ogaki Kyoritsu Bank, Ltd.

591,433［10］2.3Mizuho Bank, Ltd.

490,519［35］1.9

Employee Stock Ownership

486,365

1.9

Notes: 1. The percent of total shares issued is calculated after the deduction of own
shares (206,351 shares).
2. [ ] is the number of Class A preferred shares

KAYABA

Monthly Stock Price Range (Tokyo Stock Exchange)

Sany Group

Golden Supplier Award

SunwardKAYABA, KIMZ
(China)Best Partner Award

Qianjiang Motorcycle

CO2 Reduction Early Achievement of2025 Target

Toyota Daihatsu Engineering Early achievement of exceeding cumulaand Manufacturing
tive CO2 reduction targets

KYBT (Thailand)

Safety Activity 2022 Level A

Toyota Co-operation ClubKYBT (Thailand)First-time award

Fourth consecutive years¥27,647.6 million■ Trading volume (Shares)

Stock price (¥)
6,000

600,000,000

4,000

400,000,000

2,000

200,000,000

Data

February 2023

Efforts in the development of shock
absorbers for sit skis as well as providing
aid and technology support for disabled
persons

KAYABAKAYABA, KIMZ
(China)Best Service Award

Paid-in CapitalBusiness Strategy

Minister of Education, Culture, Sports,
Science and Technology Award (GoldAward)

November 2022

April 1 to March 31

Value Creation

Best Innovation Award

Chubu Regional Invention
Patent for forklift lift cylinderAwardsFiscal Year

Head OfficeWorld Trade Center Bldg.,
South Tower 28F,
4-1, Hamamatsu-cho 2-chome,
Minato-ku, Tokyo 105- 5128, Japan
Tel: +81-3-3435-3511
Fax: +81-3-3436-6759

AwardedGreen Star Award

September 2022

October 2022

Notes

Date of Establishment March 10, 1935

Strategy

August 2022

Name of Award/CertificationKYB Corporation

Overview

Year and Month

Company Name

KWT (Taiwan)

Note: K
 CI: KYB (China) Investment Co., Ltd., KIMZ: KYB Industrial Machinery (Zhenjiang) Ltd., KWT: Wuxi KYB Top Absorber Co., Ltd., KST: KYB Steering (Thailand) Co., Ltd.,KYBT: KYB (Thailand) Co., Ltd., KMSB: KYB-UMW Malaysia Sdn. Bhd., PT.KYBI: PT. Kayaba Indonesia

０Best Improvement on
Working Capital and Fixed
Asset Management(2022.08)

65

Logistics PerformanceAward (2022.09)

KAYABA Group Report 2023

Zhenjiang People’s
Friendship Envoy Award(2022.10)

Selected as a Good
Partnership Company(2023.01)

CO2 Reduction Early
Achievement of 2025
Target Award (2023.03)

CDP’s score for targetingclimate change was raiseda rank to “B.”(2022)

2018

2019

2020

2021

High (¥)

5,660

3,695

3,350

4,180

4,110

Low (¥)

2,312

1,712

1,692

2,563

2,729

At year-end (¥)

2,718

2,069

3,020

2,975

4,020

(FY)

2022

0

KAYABA Group Report 2023

66