Consolidated Financial Results for the Third Quarter Ended December 31, 2022
Asahi Holdings, Inc. [IFRS]January 31, 2023

Stock code:
Shares listed:

5857
Tokyo Stock Exchange - Prime Market

URL:
Representative:

https://www.asahiholdings.com/english
Tomoya Higashiura, Representative Director, President & CEO

For further information please contact:

Kunihiko Chogo, General Manager, Corporate Planning &Communications Department

Filing date of Quarterly Report:(Phone) +81–3–6270–1833
February 13, 2023

Start of dividend payment:
Supplementary materials for the financial results:–
Yes

Investor conference for the financial results:

No(Rounded down to the nearest million yen)
1. Results of the nine months ended December 31, 2022 (From April 1, 2022 to December 31, 2022)(1) Results of operations (cumulative)(Percentage: Changes relative to corresponding previous period)
OperatingprofitRevenue
The nine months ended
December 31, 2022
December 31, 2021

Millions of yen

205,827
144,487%

Millions of yen

42.5 17,506
20.4 19,318

Profit before
tax%

Basic earnings per share
The nine months ended
December 31, 2022
December 31, 2021

Millions of yen(9.4) 14,380
12.0 19,271

Profitattributable toowners of parent

Profit% Millions of yen(25.4) 10,174
11.2 13,567%

Millions of yen(25.0) 10,174
13.4 13,567

%

Total
comprehensive
incomeMillions of yen

Diluted earnings per shareYen
131.01
172.40Yen
118.94155.31(2) Financial Position

As ofDecember 31, 2022
March 31, 2022

Total assets

Total equity

Equity attributable toowners of parent

Equity attributable toowners of parent ratio

Millions of yen
361,433
298,387

Millions of yen
107,364
105,137

Millions of yen
107,364
105,137

29.7
35.2

%

2. Dividend payments
Dividends per share

Year ended March 31, 2022
Year ending March 31, 2023
Year ending March 31, 2023
(Forecast)First quarter

Second quarter

Third quarter

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

–
–

45.00
45.00

–
–

45.00

90.00

45.00

90.00

(Note) Revisions in dividend forecast in the current quarter: No%(25.0) 13,200
5.6
13.4 12,505 (13.1)

3. Forecast (From April 1, 2022 to March 31, 2023)

OperatingprofitRevenue
Millions of yen

Year ending March 31, 2023 270,000(Percentage: Changes relative to corresponding previous period)% Millions of yen

40.3

24,000

Profit beforetax% Millions of yen(9.3) 22,600

Profitattributable toowners of parent% Millions of yen(14.3) 15,600%(16.7)

Basic earnings
per share
Yen

201.52(Note) Revisions in forecast in the current quarter: No* Notes(1)
Changes in significant subsidiaries during the period: No(2)

Changes in accounting policies and accounting estimates(i) Changes in accounting policies required by IFRS: No(ii) Changes other than (i) above: No(iii) Changes in accounting estimates: No(3)

Number of issued shares (common stock)(i) Number of issued shares at the quarter end (including treasury stock)
As of December 31, 2022

79,708,688 shares

As of March 31, 2022

79,708,688 shares(ii) Number of treasury stock at the quarter end
As of December 31, 2022

3,065,437 shares

As of March 31, 2022

1,065,437 shares(iii) Averaged number of shares during the period (quarterly cumulative period)
Nine months ended December 31, 2022

77,661,433 shares

Nine months ended December 31, 2021

78,696,714 shares* The quarterly financial statements are not subject to quarterly reviews by accounting auditors.
* Statement regarding the proper use of financial forecasts and other special remarks(Notes on forward looking statements, etc.)
These forecast performance figures are based on the information currently available to the Company’s
management and certain assumptions judged rational. Accordingly, there might be cases in which actual resultsmaterially differ from forecasts of this report. Please refer to page 3 “1. Qualitative Information (3) Consolidated
Performance Forecasts” for the assumptions used and other notes.

【Appendix】

Table of contents of the appendix

1. Qualitative Information .................................................................................................................................................. 2(1) Consolidated Business Performance ........................................................................................................................... 2(2) Consolidated Financial Position and Cash Flows for the Nine Months Ended December 31, 2022 ........................ 2(3) Consolidated Performance Forecasts .......................................................................................................................... 3
2. Condensed Consolidated Financial Statements ............................................................................................................ 4(1) Condensed Consolidated Statements of Financial Position ....................................................................................... 4(2) Condensed Consolidated Statements of Income for the Nine Months Ended December 31, 2022 ........................... 6(3) Condensed Consolidated Statements of Comprehensive Income for the Nine Months Ended December 31, 2022 7(4) Condensed Consolidated Statements of Changes in Equity ...................................................................................... 8(5) Condensed Consolidated Statements of Cash Flows ................................................................................................ 10(6) Notes on Assumptions for Going Concern ................................................................................................................. 11(7) Notes on Condensed Consolidated Financial Statements ........................................................................................ 11
1. Reporting entity ..................................................................................................................................................... 11
2. Basis of preparation ............................................................................................................................................... 11
3. Significant accounting policies .............................................................................................................................. 11
4. Significant accounting estimates and associated judgements ............................................................................. 11
5. Segment information ............................................................................................................................................. 12
6. Subsequent events ................................................................................................................................................. 13－ 1 －1. Qualitative Information(1) Consolidated Business Performance
The Japanese economy was generally on a mild recovery trend during the nine months ended December 31,
2022. On the other hand, global monetary tightening continues, and due to rising prices of raw materials andfuel and other factors, concerns about an economic slowdown have been growing. Under these conditions, theGroup’s results in each business segment were as follows.
Precious Metals businessIn the precious metals recycling business, although the volume of precious metals collected increased fromthe same period of the previous fiscal year mainly in the jewelry sector, the volume of precious metals
collected from the dental and automotive catalyst sectors decreased from the same period of the previous fiscal
year. In addition, expenses increased from the same period of the previous fiscal year due to depreciation
associated with establishing the new plant in Bando-shi, Ibaraki prefecture, rising fuel prices and otherfactors. In the precious metals refining business in North America, the various value-added business
transactions that serve as the base of the refining business were strong. As a result of the above, this segment
reported an increase in revenue and decrease in profit from the same period of the previous fiscal year.
Environmental Preservation businessIn line with the mild recovery in the domestic industrial production activities, the volume of industrial
waste handled by the Group increased from the same period of the previous fiscal year as sales activities were
strengthened in all business sectors. In addition, we succeeded in improving operating margins from the same
period of the previous fiscal year by maintaining high utilization rates throughout the various treatment
facilities. On the other hand, there was an impact due to the removal of JW Glass Recycling Co., Ltd. from thescope of consolidation in May 2022, and this segment reported a decrease in revenue and increase in profit
from the same period of the previous fiscal year.
At the same time, the Company and Johnson Health Tech, Co., Ltd. entered into a share transfer
agreement on December 9, 2022 regarding shares of the equity method affiliate Fuji Medical Instruments
MFG. Co., Ltd., and the transfer of all the shares held by the Company was completed on December 14, 2022.
As a result, the Company recorded a loss on transfer of shares of 1,779 million yen in “Other non-operating
expenses.”
As a result of the above, revenue during the nine months ended December 31, 2022 was 205,827 million
yen, a year-on-year increase of 61,339 million yen (+42.5 percent). Operating profit was 17,506 million yen, a
year-on-year decrease of 1,811 million yen (-9.4 percent). Profit before tax was 14,380 million yen, a year-onyear decrease of 4,890 million yen (-25.4 percent). Profit was 10,174 million yen, a year-on-year decrease of
3,393 million yen (-25.0 percent). Profit attributable to owners of parent for the period was therefore 10,174
million yen, a year-on-year decrease of 3,393 million yen (-25.0 percent). By segment, revenue in the Precious
Metals business was 192,428 million yen, a year-on-year increase of 61,454 million yen (+46.9 percent). In theEnvironmental Preservation business, revenue was 13,397 million yen, a year-on-year decrease of 116 million
yen (-0.9 percent).

(2) Consolidated Financial Position and Cash Flows for the Nine Months Ended December 31, 2022
As of December 31, 2022, total assets amounted to 361,433 million yen, up 63,045 million yen from theprevious fiscal year end. This was due mainly to a decrease of 3,657 million yen in investments accounted forusing equity method, a decrease of 3,038 million yen in deferred tax assets, an increase of 3,271 million yen in
cash and cash equivalents, an increase of 59,447 million yen in trade and other receivables, an increase of
3,277 million yen in other financial assets and an increase of 5,546 million yen in other current assets.
Total liabilities amounted to 254,068 million yen, up 60,817 million yen from the previous fiscal year end.
This was due mainly to a decrease of 6,348 million yen in trade and other payables, a decrease of 3,535 million
yen in other financial liabilities and an increase of 74,313 million yen in bonds and loans payable.
Total equity amounted to 107,364 million yen, up 2,227 million yen from the previous fiscal year end. Thiswas due mainly to an increase of 13,200 million yen in comprehensive income, a decrease of 4,106 million yen
used for purchase of treasury stock and a decrease of 6,987 million yen used for dividends.

－ 2 －As a result, the equity attributable to owners of parent ratio changed to 29.7%, from 35.2% at the end of theprevious fiscal year.
Net cash provided by operating activities amounted to 7,409 million yen due mainly to 14,380 million yen of
profit before tax, 2,467 million yen of depreciation and amortization, 1,510 million yen of increase ininventories, 62,992 million yen of increase in trade and other receivables, 61,108 million yen of increase intrade, loans and other payables, 7,620 million yen of income taxes paid and 4,139 million yen of income taxes
refunded.
Net cash used in investing activities amounted to 2,376 million yen due mainly to 2,491 million yen ofproceeds from sales of investments in associates, 2,944 million yen of purchase of property, plant andequipment and 2,504 million yen of payments into time deposits.
Net cash used in financing activities amounted to 4,722 million yen, mainly due to a net decrease in shortterm loans payable of 287 million yen, proceeds from long-term loans payable of 2,000 million yen, proceedsfrom issuance of bonds of 4,924 million yen, purchase of treasury stock of 4,106 million yen, and cash
dividends paid of 6,985 million yen.
As a result, cash and cash equivalents as of December 31, 2022 increased 3,271 million yen from March 31,
2022, to 9,398 million yen.

(3) Consolidated Performance Forecasts
No changes have been made to the forecasts going forward as they are in line with the financial forecast for
the fiscal year ending March 31, 2023 announced in the “Consolidated Financial Results for the Second
Quarter Ended September 30, 2022” made public on October 27, 2022.

－ 3 －2. Condensed Consolidated Financial Statements(1) Condensed Consolidated Statements of Financial Position
As ofMarch 31,
2022

As of
December 31,
2022

Millions of yen

Millions of yen

ASSETS
Current assets
Cash and cash equivalents
Trade and other receivables

6,127
151,437

9,398
210,884

Inventories
Income tax receivables

63,3983,958

64,886
1,152

Other financial assets
Other current assets

129
16,727

3,407
22,273

Total current assets

241,778

312,002

Non-current assets
Property, plant and equipment

43,74843,034

Goodwill
Intangible assets

1,040
712

1,003
1,224

Investments accounted for using equity method
Deferred tax assets

3,657
6,262

–
3,223

229
859

213
653

Net defined benefit asset
Financial assets
Other non-current assets

98

77

Total non-current assets

56,60949,430298,387

361,433

Total assets－ 4 －As ofMarch 31,
2022

As of
December 31,
2022

Millions of yen

Millions of yen

LIABILITIES and EQUITY
Liabilities
Current liabilities
Trade and other payables
Loans payable

27,711
108,263

21,363
172,693

Income tax payable
Other financial liabilities

950
5,613

125
1,744

Provisions
Other current liabilities

1,608
4,479

1,082
2,317

Total current liabilities

148,626

199,325

Non-current liabilities
Bonds and loans payable

42,66352,547

Deferred tax liabilities
Net defined benefit liability

576
93

428
102

Other financial liabilities
Other non-current liabilities

1,289
–

1,623
39

Total non-current liabilities

44,62354,742

Total liabilities
Equity193,250

254,068

Capital stock
Capital surplus

7,790
11,955

7,790
12,072

Treasury stock
Retained earnings(1,819)92,353(5,925)
95,531Other components of equity(5,142)(2,104)

Total equity attributable to owners of parent

105,137

107,364

Total equity

105,137

107,364

298,387

361,433

Total liabilities and equity－ 5 －(2) Condensed Consolidated Statements of Income for the Nine Months Ended December 31, 2022
The nine months
ended December 31,
2021

The nine months
ended December 31,
2022

Millions of yen

Millions of yen

Revenue
Cost of sales

144,487(119,478)

205,827(181,603)

Gross profit

25,00924,223

Selling, general and administrative expenses
Other operating income(5,719)61(6,112)
93

(219)
186

(80)
(616)

Operating profit

19,31817,506

Finance income
Finance costs

283
(525)

393
(640)

Other non-operating income
Other non-operating expenses

195
–

425
(3,304)

Profit before tax

19,271

14,380

Income tax expenses(5,703)(4,205)

Profit13,567

10,174

Owners of parent
Non-controlling interests

13,567–

10,174–

Profit13,567

10,174172.40131.01

155.31118.94

Other operating expenses
Share of profit (loss) of investments accounted forusing equity method

Profit attributable to:Earnings per share
Basic earnings per share (Yen)
Diluted earnings per share (Yen)－ 6 －(3) Condensed Consolidated Statements of Comprehensive Income for the Nine Months Ended
December 31, 2022
The nine months
ended December 31,
2021

The nine months
ended December 31,
2022

Millions of yen

Millions of yen

Profit13,567

10,174(1)(0)

Other comprehensive income
Items that will not be reclassified to profit or loss
Financial assets measured at fair value
through other comprehensive income
Remeasurements of defined benefit plans

94

(8)

Share of other comprehensive income ofinvestments accounted for using equity method

(4)

(0)

Total items that will not be reclassified to profit
or loss

88(8)(1,546)
396

2,663
371

(1,150)3,034(1,061)

3,026

12,505

13,200Owners of parent
Non-controlling interests

12,505–

13,200–Comprehensive income

12,505

13,200Items that may be reclassified to profit or loss
Cash flow hedges
Translation adjustments of foreign operations
Total items that may be reclassified to profit orloss
Other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to:－ 7 －(4) Condensed Consolidated Statements of Changes in Equity(Millions of yen)
Equity attributable to owners of parent
Other components ofequityCapitalTreasury
Retained
Translation
surplusstockearnings
adjustments
Cash flowof foreign
hedgesCapitalstock

operations

Balance at April 1, 2021
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Disposal of treasury stock
Dividends
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2021

7,790
–

11,952–(957)–

80,604
13,567(2,944)
–

1,454
–

–

–

–

–

396

(1,546)–––

13,567396(1,546)

–
–
–

–
258
–

(1,785)214–––(7,080)

–
–
–

–
–
–

–

–

–

94

–

–

–

(255)

708

–

–

–

–

2

(862)

(6,985)

–

–

7,790

11,955(1,819)87,185(2,547)(92)(Millions of yen)
Equity attributable to owners of parent
Other components of equity
FinancialassetsRemeasuremeasured atments offair value
definedthrough otherbenefitcomprehenplans
sive income

Balance at April 1, 2021
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Disposal of treasury stock
Dividends
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2021

Total

Total

Total equity

3
–

–
–

(1,486)–

97,903
13,567

97,903
13,567(6)

94(1,061)(1,061)(1,061)(6)

94(1,061)

12,505

12,505

–
–
–

–
–
–

–
–
–

(1,785)472(7,080)(1,785)472(7,080)

–

(94)

(94)

–

–

–

–

–

452

452

–

(94)

(94)

(7,939)(7,939)(2)–(2,642)

102,469

102,469－ 8 －(Millions of yen)
Equity attributable to owners of parent
Other components ofequityCapitalTreasury
Retained
Translation
surplusstockearnings
adjustments
Cash flowof foreign
hedgesCapitalstock

operations

Balance at April 1, 2022
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Dividends
Changes due to loss ofcontrol of subsidiaries
Increase (decrease) due todiscontinued application ofequity method for equitymethod affiliate
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2022

7,790
–

11,955–(1,819)–92,353
10,174(1,390)–(3,748)
–

–

–

–

–

371

2,663

–

–

–

10,174

371

2,663

–
–

–
–

(4,106)––(6,987)

–
–

–
–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

(8)

–

–

–

116

–

–

–

–

–

116

(4,106)(6,996)

–

–

7,790

12,072(5,925)

95,531(1,019)(1,085)(Millions of yen)
Equity attributable to owners of parent
Other components of equity
Financial
Remeasureassets
ments ofmeasured atfair value
definedthrough otherbenefitcomprehenplans
sive income

Balance at April 1, 2022
ProfitOther comprehensive
incomeTotal comprehensive
incomePurchase of treasury stock
Dividends
Changes due to loss ofcontrol of subsidiaries
Increase (decrease) due todiscontinued application ofequity method for equitymethod affiliate
Reclassified from othercomponents of equity toretained earnings
Share-based paymenttransactions
Total transactions withownersBalance at December 31, 2022

Total

Total

Total equity

(3)
–

–
–

(5,142)–

105,137
10,174105,137
10,174

(0)

(8)

3,026

3,026

3,026

(0)

(8)

3,026

13,20013,200

–
–

–
–

–
–

(4,106)(6,987)(4,106)(6,987)

0

–

0

0

0

3

–

3

3

3

–

8

8

–

–

–

–

–

116

116

3

8

11

(10,973)(10,973)––(2,104)

107,364

107,364－ 9 －(5) Condensed Consolidated Statements of Cash FlowsThe nine months
ended December
31, 2021

The nine months
ended December
31, 2022

Millions of yen

Millions of yen

19,271
1,990

14,3802,467

Impairment loss
Finance income and finance cost

18
845

0
1,283

Other non-operating income and expenses
Share of loss (profit) of investments accounted for using equity

(195)
(186)

1,354
616

methodDecrease (increase) in inventories

11,397(1,510)Decrease (increase) in trade and other receivables
Increase (decrease) in trade, loans and other payables(61,825)
59,068(62,992)
61,108Cash provided by (used in) operating activities
Profit before tax
Depreciation and amortization

Other, net(5,294)(5,935)

Subtotal

25,09010,774

108
(107)

211
(95)

Income taxes paid
Income taxes refunded(12,854)
2,693(7,620)4,139

Net cash provided by (used in) operating activities

Interest and dividend income received
Interest expenses paid

14,930

7,409

Cash provided by (used in) investing activities
Payments into time deposits(96)(2,504)

Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment

144(4,563)50(2,944)

Proceeds from sales of property, plant and equipment
Purchase of intangible assets

16
(258)

48
(623)

Proceeds from sales of investments in associates
Other, net

–
648

2,491
1,105

Net cash provided by (used in) investing activities
Cash provided by (used in) financing activities(4,109)(2,376)

Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable(18,600)
13,783

(287)
2,000

–
172

4,924
–

(1,785)(7,070)(4,106)(6,985)

Proceeds from issuance of bonds
Proceeds from sales of treasury stock
Purchase of treasury stock
Cash dividends paid
Other, net

(390)

(267)

(13,889)(4,722)43

2,960

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period(3,025)
10,023

3,271
6,127

Cash and cash equivalents at end of period

6,997

9,398

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents－ 10 －

(6) Notes on Assumptions for Going Concern
Not applicable(7) Notes on Condensed Consolidated Financial Statements
1. Reporting entity
Asahi Holdings, Inc. (hereinafter the “Company”) is a company located in Japan. The Company’s condensed
consolidated financial statements for the nine months ended December 31, 2022 comprise the Company andits subsidiaries (hereinafter the “Group”) as well as the interests in its affiliated companies.
For the main activities of the Group, please refer to Note “5. Segment information.”

2. Basis of preparation(1) Statement of compliance with IFRSThe condensed consolidated financial statements of the Group have been prepared based on IAS 34“Interim Financial Reporting.”
Having met the requirements for a Specified Company Complying with Designated International
Accounting Standards, as prescribed in Article 1-2 of the Regulation on the Terminology, Forms, andPreparation Methods of Quarterly Consolidated Financial Statements (Cabinet Office Order No. 64 of
2007), the Group adopts the provisions of Article 93 of the aforementioned rules.
(2) Basis of measurement
The condensed consolidated financial statements of the Group have been prepared based on costs ofacquisition, except for the specified financial instruments that have been measured at fair value.
(3) Functional currency and presentation currency
The condensed consolidated financial statements of the Group are presented in Japanese yen, which isthe functional currency of the Company, and figures less than one million yen are rounded down to thenearest million yen.

3. Significant accounting policies
The significant accounting policies adopted for the condensed consolidated financial statements for the ninemonths ended December 31, 2022 are the same as those for the consolidated financial statements for the fiscal
year ended March 31, 2022.
The income tax for the nine months ended December 31, 2022 was calculated based on the estimatedaverage annual effective tax rate.

4. Significant accounting estimates and associated judgements
In preparing condensed consolidated financial statements, the management is required to make judgement,
estimates and assumptions that affect the adoption of accounting policies and the amounts of assets, liabilities,
revenues and expenses. Actual results may differ from such estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. The effect of a change inaccounting estimates is recognized in the accounting period in which such change occurs as well as theaccounting periods to be affected in the future.
The judgement, estimates and assumptions made by the management that may have material impacts on
the figures in the condensed consolidated financial statements are the same as those for the consolidated
financial statements for the fiscal year ended March 31, 2022.

－ 11 －

5. Segment information(1) Overview of reporting segments
The Group’s business segments are those Group constituent units for which separate financial
information is obtainable, and which the Board of Directors subjects to regular examination in order todecide the allocation of management resources and evaluate business results.
As a pure holding company, the Company is in charge of overall strategic function for the Group,
whereas operating companies of the Group engage in the precious and rare metals recycling business andthe refining and processing business, industrial waste management and other environmental
preservation business.
Therefore, the Group is composed of product and service segments based on business sectors. The tworeporting segments are the Precious Metals business and the Environmental Preservation business.
Meanwhile, these reporting segments are not aggregated.
The Precious Metals business engages mainly in recycling and selling precious and rare metals such as
gold, silver, palladium, and platinum from scrap containing precious metals, as well as refining andprocessing of precious metals centered on gold and silver.
The main work of the Environmental Preservation business is the collection, transport andintermediate processing of industrial waste.
(2) Segment revenue and performance
Accounting policies of the reporting segments are the same as those of the Group stated in Note “3.
Significant accounting policies.”
Revenue and other performance of each reporting segment of the Group are as follows.
For the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
Reporting segment(Millions of yen)

Precious
MetalsBusiness

Environmental
Preservation
Business

Subtotal

130,974

13,513

144,487–

144,487–

144,487

–

–

–

–

–

–

–

Total

130,974

13,513

144,487–

144,487–

144,487

Operating profit
by business

19,383

2,713

22,097

186

22,283(2,964)

19,318

Revenue
External
revenue
Intersegment

Other

Total

Adjustments

Consolidated

revenuesegment
Finance income
Finance costs

283
(525)

Other nonoperating income

195

Profit before tax

19,271(Note)

Adjustments of operating profit by business segment are mainly corporate expenses that are notallocated to each reporting segment.

－ 12 －

For the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)
Reporting segment(Millions of yen)

Precious
MetalsBusiness

Environmental
Preservation
Business

Subtotal

192,428

13,397

205,825

1

205,827–

205,827

–

–

–

–

–

–

–

192,428

13,397

205,825

1

205,827–

205,827

17,3693,316

20,685(741)

19,944(2,437)

17,506

Other

Total

Adjustments

Consolidated

Revenue
External
revenue
Intersegment
revenue
Total
Operating profit
by businesssegment
Finance income

393

Finance costs
Other non-

(640)
425

operating income
Other nonoperating
expenses(3,304)

Profit before tax

14,380(Note)

Adjustments of operating profit by business segment are mainly corporate expenses that are notallocated to each reporting segment.

6. Subsequent events
Not applicable－ 13 －