FLASH REPORT
February. 13, 2019
Company name (official) : KYB Corporation

URL https://www.kyb.co.jp/english/

Stock listing: Tokyo Stock Exchange (First Section)

Code number: 7242

Address of head office: World Trade Center Bldg., 4-1, Hamamatsu-cho 2-chome, Minato-ku, Tokyo 105-6111, Japan

Telephone: +81 3- 3435- 3541

For further information, please contact : Osamu Kunihara, General Manager, Finance & Accounting Div.
The following statements are an English-translation of the original Japanese-language document for your convenience.
In the case that there is any discrepancy between Japanese and English versions, Japanese version is assumed to be correct.
(All amounts are rounded to the nearest million yen, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2018
( from April 1, 2018 to December 31, 2018 )(1) Consolidated operating results(Percentages indicate the change of the same period of the previous year)

Net sales
Nine months ended

Millions of yen

Segment profit%

Millions of yen

Operating profit%

Millions of yen%

Profit before taxes

December 31, 2018306,909

6.1

15,443(6.7)(17,769)－

December 31, 2017

289,139

10.5

16,55928.916,684

24.4

Nine months ended

Profit for the period

Profit attributable toowners of the parent

Comprehensive
income for the period

Millions of yen

Millions of yen

Millions of yen%

December 31, 2018(15,451)－

December 31, 201712,427

24.7%(15,756)－

11,915

24.1%

Millions of yen%(18,688)－

16,53926.5

Basic earnings
per share
Yen(20,180)－(616.83)

20,51266.9

466.41

Diluted earnings
per share
Nine months ended
December 31, 2018
December 31, 2017

Yen

－
－

*We carried out 1-for-10 reverse stock split on the effective date of October 1, 2017. Therefore basic earnings per share is calculated
assuming that the reverse stock was carried out at the beginning of the previous consolidated fiscal year.
*We started to include ‘Royalty income’ and ‘Income related to mold compensation’ intothe ‘Net sales’ in Consolidated Statements of Income from this first quarter of this fiscal year, which were previously includedin ‘Other income’. Financial information for the previous fiscal year has been revised to reflect this change.
*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

(2) Consolidated financial position

As ofDecember 31, 2018
March 31, 2018

Total assets

Total equity

Equity attributable toowners of the parent

Millions of yen

Millions of yen

Millions of yen

413,864
412,493

164,105
186,651

157,760
180,225

1

Ratio of equity
Equity attributable toattributable toowners of the parent
owners of theper share
parent to total assets
%
Yen

38.1
43.7

6,176.10
7,055.40

2. Cash dividends
Annual cash dividends per share
End of firstquarter

End of second
quarter

End of third
quarter

Yen

Yen

－
－

Yen
Previous fiscal year
Current fiscal year

－
－

7.00
0.00

Year-end

Total

Yen

Yen

－
－

80.00

－

Current fiscal year (forecast)*The amount of Year-end dividends has not been decided.
*We carried out 1-for-10 reverse stock split on the effective date of October 1, 2017.
As for cash dividends per share of fiscal year 2017, we disclose the amount after we take the reverse stock split into consideration.
And we disclose total annual cash dividends per share as "-".With taking reverse stock split into consideration,
cash dividends per share for the previous fiscal year were 150.00 yen.

3. Forecasts for the current fiscal year (April 1, 2018 to March 31, 2019)(Percentages indicate the change of the same period of the previous year)

Net sales

Current fiscal year

Current fiscal year

Segment profit

Operating profit

Millions of yen%

Millions of yen%

Millions of yen

416,000

5.7

21,300(7.2)(12,000)

Profit for the period

Profitattributable toowners of the parent

Millions of yen

Millions of yen(9,500)%－(10,000)%－

Profit before taxes%－

Millions of yen(12,900)

Basic earnings
per share
Yen(391.48)*We started to include ‘Royalty income’ and ‘Income related to mold compensation’ intothe ‘Net sales’ in Consolidated Statements of Income from this first quarter of this fiscal year, which were previously includedin ‘Other income’. Therefore, the fluctuation ratio is also calculated using the reclassified value with the change.
*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

2

%

－

Consolidated Statements of Financial Position
KYB Corporation and its Consolidated Subsidiaries(Unit: Millions of yen)
As of March 31, 2018

As of December 31, 2018

AssetsCurrent assets:
Cash and cash equivalents

42,70237,538Trade and other receivables

103,881

101,628

Inventories

54,001

61,513

Other current financial assets

1,066

1,332

Other current assets

9,904

9,903

Total current assets

211,554

211,914

161,886

161,745268

259

Intangible assets

6,692

7,375

Investments accounted for using the equity method

4,342

5,640

Other non-current financial assets

24,731

20,784

532

617

2,487

5,531

200,938

201,950

412,493413,864

Non-current assets:
Property, plant and equipment
Goodwill

Other non-current assets
Deferred tax assets
Total non-current assets
Total assets3

(Unit: Millions of yen)
As of March 31, 2018

As of December 31, 2018

Liabilities and equity
Current liabilities:
Trade and other payables

82,69587,089Borrowings

57,09851,672

Income tax payables

1,944

655

Other current financial liabilities

22,76018,834

Provisions

5,438

20,505

Other current liabilities

1,708

441

Total current liabilities

171,643

179,196

Borrowings

34,98641,807

Liabilities for retirement benefits

9,592

9,675

Other non-current financial liabilities

2,255

2,209

Provisions

2,189

14,90421

20

Deferred tax liabilities

5,156

1,947

Total non-current liabilities

54,19870,562

225,841

249,759

Share capital

27,64827,648

Capital surplus

29,414

29,414Retained earnings

114,363

96,569Treasury shares

(598)

(600)

Other components of equity

9,398

4,730

180,225

157,760

6,426

6,345

Total equity

186,651

164,105

Total liabilities and equity

412,493413,864

Non-current liabilities:

Other non-current liabilities

Total liabilities
EquityEquity attributable to owners of the parent:

Total equity attributable to owners of the parent
Non-controlling interests4Consolidated Statements of Income
KYB Corporation and its Consolidated Subsidiaries(Unit: Millions of yen)（

For the nine months
ended December 31, 2017
Apr. 1 through Dec. 31, 2017)（

For the nine months
ended December 31, 2018
Apr. 1 through Dec. 31, 2018)

Net sales

289,139

306,909

Cost of sales

229,831

246,001

Gross profit

59,30860,908Selling, general and administrative expenses

42,74845,46435

6

Other income

1,464

862

Other expenses

1,303

34,068Operating profit (loss)

16,684(17,769)

Finance income

611

623

Finance costs

756

1,541

Profit (loss) before taxes

16,539(18,688)

Income tax expenses

4,112(3,237)

Profit (loss) for the period

12,427(15,451)

11,915(15,756)

Non-controlling interests

513

305

Profit (loss) for the period

12,427(15,451)466.41(616.83)

Equity in loss of affiliates

Profit attributable to:
Owners of the parent

Earnings per share
Basic earnings (loss) per share (in yen)5Consolidated Statements of Comprehensive Income
KYB Corporation and its Consolidated Subsidiaries(Unit: Millions of yen)（
Profit (loss) for the period

For the nine months
ended December 31, 2017
Apr. 1 through Dec. 31, 2017)（

For the nine months
ended December 31, 2018
Apr. 1 through Dec. 31, 2018)12,427(15,451)

3,773(2,819)Remeasurements of defined benefit plans(5)2

Share of other comprehensive income of investments
accounted for using the equity method

1

4

3,768

(2,813)

4,368(1,647)

(67)

(7)

15

(261)

4,317

(1,915)

Total other comprehensive income

8,085(4,728)Comprehensive income for the period

20,512(20,180)

19,740(20,419)772

239

20,512(20,180)

Other comprehensive income:Items that will not be reclassified to profit or loss:
Net changes in financial assets measured at fair value throughother comprehensive income

Total
Items that may be reclassified to profit or loss:
Exchange differences on translation of foreign operations
Effective portion of the net changes in the fair value of cash
flow hedges
Share of other comprehensive income of investments
accounted for using the equity method
Total

Comprehensive income for the period attributable to:
Owners of the parent
Non-controlling interests
Comprehensive income for the period

6Consolidated Statements of Changes in Equity
KYB Corporation and its Consolidated Subsidiaries(Unit: Millions of yen)
Share capital
Balance at April 1, 2017

Capital surplus

Retained earnings

Treasury shares

27,64829,414

100,995

(587)

－
－
－

－
－
－

－
－
－
－
－

－
－
－
－
－

－
－
－

－
－
－

(3,510)(5)

Balance at December 31, 2017

27,64829,414

109,399(592)

Balance at April 1, 2018

27,64829,414

114,363

(598)

－
－
－

－
－
－

－
－
－
－
－

－
－
－
－
－

－
－
－

－
－
－

27,64829,414Comprehensive income for the period:
Profit for the period
Other comprehensive income
Total comprehensive income for the period

11,915

－
－
－

－

(5)

11,915－

Transactions with owners:
Contributions by and distributions to owners
in their capacity as owners:
Acquisition of treasury shares
Dividends of surplus
Changes due to business combination
Transfer to retained earnings
Total contributions by and distributions to owners
in their capacity as owners

(3)

－
－
－

(3,510)

(5)

－
－

－
－

(3,576)
69

Changes in equity interest of subsidiaries:
Dividends of surplus
Total changes in equity interest of subsidiaries
Total transactions with owners

Comprehensive income for the period:
Loss for the period
Other comprehensive income
Total comprehensive income for the period(15,576)

－
－
－

－

(2)

(15,756)－

Transactions with owners:
Contributions by and distributions to owners
in their capacity as owners:
Acquisition of treasury shares
Dividends of surplus
Changes due to business combination
Transfer to retained earnings
Total contributions by and distributions to owners
in their capacity as owners

6

－
－
－

(2,038)

(2)

－
－

－
－

(2,038)(2)

96,569(600)(2,044)－

Changes in equity interest of subsidiaries:
Dividends of surplus
Total changes in equity interest of subsidiaries
Total transactions with owners
Balance at December 31, 20187

(Unit: Millions of yen)
Other components of equity

Net changes infinancial assets
Remeasurements
measured at fairof definedvalue throughbenefit plansother comprehensive income

Balance at April 1, 2017

8,274

－

Exchangedifferenceson translationof foreign
operations

Effective
portion of
the net changes in
the fair value ofcash flow hedges(1,521)

77

Comprehensive
income for theyear attributableto ownersof the parent

Total
other
componentsof equity

6,829

164,299

Noncontrollinginterests

Total
equity5,472

169,771

12,427

Comprehensive income for the period:

－

－

－

－

－

11,915

513

Other comprehensive income

3,773

(2)

4,120

(65)

7,825

7,825

259

8,085

Total comprehensive income for the period

3,773

(2)

4,120

(65)

7,825

19,740772

20,512

－
－
－

0

2

Total contributions by and distributions to owners
in their capacity as owners

0

2

－
－
－
－
－

－
－
－

Transfer to retained earnings

－
－
－
－
－

(3,576)

Changes due to business combination－－－

Total changes in equity interest of subsidiaries

－
－

－
－

Total transactions with owners

0

2

－
－
－
2,598

Profit for the period

Transactions with owners:
Contributions by and distributions to owners
in their capacity as owners:
Acquisition of treasury shares
Dividends of surplus

(5)

69

3

－

3

(3,512)

－
－
－

－
－

－
－

3

12

14,658

－
－
－
－
－

(5)
(3,576)69－(3,512)

Changes in equity interest of subsidiaries:
Dividends of surplus

Balance at December 31, 201712,047

－

8

(257)

(257)

(257)

(257)

(3,512)(257)(3,769)180,527

5,987

186,514

Balance at April 1, 2018

9,480

－

(88)

6

9,398

180,2256,426

186,651(15,451)

Comprehensive income for the period:

－

－

－

－

－

(15,756)

305

Other comprehensive income(2,819)5(1,843)(6)(4,663)(4,663)(66)(4,728)

Total comprehensive income for the period(2,819)5(1,843)(6)(4,663)(20,419)239(20,180)

－
－
－

(1)

(5)

Total contributions by and distributions to owners
in their capacity as owners

(1)

(5)

－
－
－
－
－

－
－
－

Transfer to retained earnings

－
－
－
－
－

(2,044)

Changes due to business combination－－－

Total changes in equity interest of subsidiaries

－
－

－
－

Total transactions with owners

(1)

(5)

－
－
－

－
－
－
－

Loss for the period

Transactions with owners:
Contributions by and distributions to owners
in their capacity as owners:
Acquisition of treasury shares
Dividends of surplus

(2)

(6)

－
－

(6)

(2,046)

－
－

－
－

(6)
4,730

－
－
－
－
－

(2)
(2,044)－－(2,046)

Changes in equity interest of subsidiaries:
Dividends of surplus

Balance at December 31, 2018

6,660

－

(1,931)

9

(321)

(321)

(321)

(321)

(2,046)(321)(2,367)

157,760

6,345

164,105

Consolidated Statements of Cash FlowsKYB Corporation and its Consolidated Subsidiaries（

For the nine months
ended December 31, 2017
Apr. 1 through Dec. 31, 2017)（(Unit: Millions of yen)
For the nine months
ended December 31, 2018
Apr. 1 through Dec. 31, 2018)

Cash flows from operating activities:
Profit (loss) before taxes

16,539(18,688)

Depreciation and amortization

12,596

12,985

Impairment losses
Increase (decrease) in assets and liabilities for retirement
benefits
Increase (decrease) in provisions for product warranties

426

2,301

420

90

545

25,881

Increase (decrease) in provision for loss on cancellation of joint
venture agreement－(1,189)Finance income

(611)

(623)

Finance costs

756

1,541

Equity in profit of affiliates
Loss on sales of investments accounted for using the equity
method(Increase) decrease in trade and other receivables

35

6

367

－

(9,024)

1,899(Increase) decrease in inventories(4,443)(6,907)

Increase (decrease) in trade and other payables

6,201

346

－

4,424

Other

(956)

(3,336)

Subtotal

22,852

18,731

Interest received

96

146

Dividends received

1,349

867

Interest paid

(782)

(768)

Income taxes paid

(4,038)(3,816)

Net cash from operating activities

19,47615,160

Payment into time deposits

(99)

(446)

Proceeds from withdrawal of time deposits

136

180

(9,233)(14,670)

Proceeds from sales of property, plant and equipment

77

184

Payment for purchases of other financial assets

(9)

(20)

Proceeds from sale of other financial assets

82Loss associated with the Anti-Trust law

Cash flows from investing activities:

Payment for purchases of property, plant and equipment－－

Proceeds from changes in ownership interests in subsidiaries
that result in changes in scope of consolidation
Payment for purchases of Investments accounted for using theequity method
Proceeds from sale of investments accounted for using theequity method

841(1,755)

286

－

Other

(1,564)(1,846)

Net cash flows from investing activities(10,397)(17,528)10（For the nine months
ended December 31, 2017
Apr. 1 through Dec. 31, 2017)（(Unit: Millions of yen)
For the nine months
ended December 31, 2018
Apr. 1 through Dec. 31, 2018)

Cash flows from financing activities:
Net increase (decrease) in short-term borrowings

2,743(3,207)

Repayments of lease obligations

(417)

(375)

Proceeds from long-term borrowings

5,172

17,629

Repayment of long-term borrowings(10,192)(13,762)(5)(2)

Payments for purchase of treasury shares
Dividends paid

(3,576)(2,044)

Dividends paid to non-controlling interests

(257)

(321)

Net cash flows from financing activities(6,532)(2,082)

Effect of changes in foreign exchange rates

1,041

(714)

Net increase (decrease) in cash and cash equivalents

3,587(5,164)

Cash and cash equivalents at beginning of period

33,98842,702

42－

37,61837,538

Increase in cash and cash equivalents resulting
from merger with unconsolidated subsidiaries
Cash and cash equivalents at end of period11Segment InformationKYB Corporation and its Consolidated Subsidiaries

For the nine months ended December 31, 2017
(Unit: Millions of yen)
Reportable segment
Automotive
Hydrauliccomponents components

SystemProducts

Others(Note 1)

Subtotal

Total

Net sales:
Outside customers
Intersegment sales and transfers
Total

Consolidated

289,139

180,576

89,7795,498

275,854

13,285289,139

－

568

1,013

244

1,824

59

1,883

(1,883)－

181,144

90,792

5,742

277,678

13,344

291,022(1,883)

289,13977

15,895385

16,281

279

16,559Segment profit

7,643

8,175

Equity in earnings (loss) of affiliates

(220)

184

－

Other income and expenses (net)

672

(399)

8,096

7,960

Operating profit

Adjustment(Note 2)

(35)

－

(1)

272

(111)

160

－
－

76

16,132274

16,406279(35)

Finance income and costs (net)

(35)
160
16,684(145)

Profit before taxes

16,539Notes: 1. “Others” includes “Special-purpose Vehicles”, "Aircraft Components" and “Electronic Equipment”
that are not included in the three of reportable segment.
2. ¥279 million of adjustment of segment profit is the elimination of intersegment transactions.

For the nine months ended December 31, 2018
(Unit: Millions of yen)
Reportable segment
Automotive
Hydrauliccomponents components

SystemProducts

Others(Note 1)

Subtotal

Total

Net sales:
Outside customers
Intersegment sales and transfers
Total

Adjustment(Note 2)

Consolidated

306,909

185,926

103,7214,687

294,334

12,575306,909

－

604

1,042

120

1,767

92

1,858

(1,858)－

186,530

104,7634,807

296,100

12,667308,767(1,858)306,909(98)

15,479(199)

15,280163

15,443

Segment profit (loss)

6,798

8,780

Equity in earnings (loss) of affiliates

(178)

172

－

Other income and expenses (net)(4,207)(104)

Operating profit (loss)

2,412

8,848

(6)

－

(28,881)(33,192)(14)(28,979)(17,719)(213)

Finance income and costs (net)(33,206)－－(33,206)(17,932)

163(17,769)

(6)

(6)

(919)

Loss before taxes(18,688)

Notes: 1. “Others” includes “Special-purpose Vehicles”, "Aircraft Components" and “Electronic Equipment”
that are not included in the three of reportable segment.
2. ¥163 million of adjustment of segment profit is the elimination of intersegment transactions.

*With regard to the changes of reportable segment*Conventionally, as for "Special-purpose Vehicles ", "Aircraft Components" and "System Products and Electronic Equipment",
as a result of taking into account the quantitative criteria etc. in the reporting segment, they were included in "Others".
We and our subsidiary, Kayaba System Machinery manufacture and sell oil dampers as seismic isolation/mitigation materials
for buildings. Recently, it has come to light that some already shipped seismic isolation/mitigation oil dampers productsthat do not conform to performance evaluation standards approved by the Ministry of Land, Infrastructure,
Transport and Tourism (MLIT), or the standards of our customers where installed in buildings through falsificationof performance inspection record data.
As a result of recording the estimated cost of this case, the "System Products” included in "Others" increased
its qualitative importance, so "System Products" is separated from "Others" from the second quarter in FY2018.
Therefore, we have three reporting segments, "Automotive Components ", "Hydraulic Components" and "System Products".
*We started to include ‘Royalty income’ and ‘Income related to mold compensation’ intothe ‘Net sales’ in Consolidated Statements of Income from this first quarter of this fiscal year, which were previously includedin ‘Other income’. Financial information for the previous fiscal year has been revised to reflect this change.
As a result, "Net sales" and "Segment profit" increased by 765 million yen in the Automotive components
and 73 million yen in the Hydraulic components, respectively.

1213-Feb-19
KYB Corporation

Third Quarter of FY2018 Financial Results Supplementary Information
1．Breakdown of sales
FY2018 3Q
Sales（¥ million）

Automotive Components

composition ratio
185,926

60.6%

Shock absorber for automobiles

127,305

41.5%

Shock absorber for motorcycles

21,987

7.2%

Hydraulic equipment for automobiles

32,696

10.7%

Others

3,938

1.3%

103,721

33.8%

Hydraulic equipment for industrial use

97,468

31.8%

Others

6,253

2.0%

Special-purpose vehicles, hydraulic equipment for aircraft,and system product and electronic components

17,262

5.6%

Special-purpose vehicles

6,386

2.1%

Hydraulic equipment for aircraft

4,262

1.4%

System products and electronic components, etc.

6,613

2.2%

306,909100.0%

Hydraulic Components

Total

13

2．FOREX Rate（\）

FY2017
Average FOREX Rate

Apr-Jun 2017

JPY/USD
JPY/EUR
JPY/CNY
JPY/THBJPY/RUB

Apr-Sep 2017111.10122.18
16.21
3.24
1.94

FY2018

Apr-Dec 2017

111.07126.28
16.42
3.28
1.91

Full year

111.70128.52
16.64
3.33
1.92

Apr-Jun 2018110.85129.70
16.74
3.35
1.91

109.07130.06
17.12
3.42
1.76

Apr-Sep 2018

Apr-Dec 2018110.26129.84
16.74
3.40
1.73

111.14129.48
16.60
3.41
1.72
（\）

FOREX Rate prevailingat the end of quarter

FY201730 Jun 2017

JPY/USD
JPY/EUR
JPY/CNY
JPY/THBJPY/RUB

30 Sep 2017112.00127.95
16.49
3.30
1.89

FY201831 Dec 2017112.74132.81
16.96
3.38
1.94

31 Mar 2018

113.05134.95
17.30
3.46
1.96

30 Jun 2018106.27130.58
16.92
3.40
1.86

30 Sep 2018110.54127.88
16.67
3.33
1.76

113.58132.15
16.50
3.50
1.73

62,81633,741
5,580
102,137

FY20182Q
60,90633,483
6,262
100,651

3．Segment sales

110.91126.88
16.14
3.41
1.59

（\ million）

FY2017
1Q

2Q

3Q

Automotive Components
Hydraulic Components
Other (*1)
Total

59,662
28,2105,879
93,75259,931
29,235
6,531
95,697

Automotive Components
Hydraulic Components
Other (*1)
Total

1st Half
119,59357,445
12,410189,448

2nd Half
124,132
65,341
14,821
204,294

4Q

1Q

60,98332,334
6,374
99,691

63,14933,007
8,447
104,604

Full year
243,725
122,787
27,231
393,743

FY2018
1st Half
123,722
67,224
11,842
202,789

FY2017

4．Segment operating income (*2)

3Q
62,20436,496
5,420
104,120（\ million）

FY2017
1Q

2Q

Automotive Components
Hydraulic Components
Other (*1)
Total

3Q

3,239
2,865
156
6,260

4Q

2,007
2,394
36
4,438

2,570
3,002
289
5,861

5,372
6,045
834
12,251

Full year
10,61911,304
1,026
22,949Automotive Components
Hydraulic Components
Other (*1)
Total

2nd Half

5,246
5,259
193
10,698FY2018
2Q

1Q
2,802
3,043
545
6,390

FY2017
1st Half

3,138
3,019
△ 555
5,601

3Q
1,213
2,575
79
3,867

2,549
3,243
182
5,975

FY2018
1st Half
4,351
5,594
△ 477
9,468

5．Capital Expenditure, Depreciation（\ million）

FY2017
1Q
Capital Expenditure
Depreciation Expenses

2Q
3,445
4,035

3Q

4Q

5,274
4,148

4,182
4,413

9,769
8,804

Full year
18,48816,988

Capital Expenditure
Depreciation Expenses

2nd Half
8,719
8,183

FY2018
2Q

1Q
5,587
4,392

FY2017
1st Half

4,470
4,256

3Q
5,454
4,321

4,700
4,408

FY2018
1st Half
9,924
8,577

6． R&D Expenses（\ million）

FY2017
1Q
R&D Expenses

2Q
1,699

3Q
1,703

4Q
2,367

1st Half
R&D Expenses

2nd Half
3,401

1,737

3Q
1,810

1,673

FY2018
1st Half

Full year
4,700

FY2018
2Q

1Q
2,334

FY2017
8,102

3,547

7．Foreign Exchange gain or loss (*3)（\ million）

FY2017
1Q
Other Income / Other Expenses
Finance Income / Finance Costs
Total

2Q

3Q

244
63
307

317
20
336

561
82
643

2nd Half
△ 298
347
49

4Q
143
35
178

FY2018
2Q

1Q
△ 441
311
△ 129

FY2017
1st Half
Other Income / Other Expenses
Finance Income / Finance Costs
Total

31 Dec 2018

89
△ 812
△ 723

FY2018
1st Half

Full year
262
429
692

3
△ 929
△ 926

(*1) "Other" includes "special-purpose vehicles", "Hydraulic equipment for aircraft" and "System Products and Electronic Equipment" thatare not included in the two reportable segments.
(*2) “Segment operating income”, which is described above, is different from “Segment profits (losses)” which is described in “Segment Information”
section in the Flash Report. “Segment operating income” amount includes “Adjustment” amount, which is described in the Flash Report”.
(*3) “Foreign Exchange Gain or Loss” ,which is described above, comes from the amount of foreign exchange gain or loss in “Other income” ,“Other expense”, “Finance income” and “Finance costs” in the Consolidated Statements of Income. Foreign exchange gain is written as plus
and foreign exchange loss is written as minus.

14

3Q
△ 85
△ 117
△ 202

△ 61
163
102