FY2025 1st Quarter Consolidated Financial Results [IFRS](April 1, 2024 through June 30, 2024)
July 31, 2024
This translation may be used only for reference purposes. This English version is a summary of the original Japanese document. In cases where

any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. AISIN CORPORATION
shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.
Company Name AISIN CORPORATION

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number

7259

URL

https://www.aisin.com/en/

Representative

Moritaka Yoshida, President

Contact person

Yoshio Uchiyama, General Manager Finance & Accounting Dept. TEL+81-566-24-8265

The expected date of dividends payment：Additional documents to supplement financial results：Yes (Japanese only)
IR presentation：Yes (For analysts and professional investors)(Amounts less than million yen are rounded down)

1.Consolidated Results for the 1st Quarter of FY2025 (Apr. 1, 2024 through Jun. 30, 2024)(1) Consolidated Financial Results(Percent shows changes against corresponding figures for the previous period)
Operating profit

Revenue

Profit before income taxes

Profit for the period

Million Yen%

Million Yen%

Million Yen%

Million Yen%

FY2025 1st quarter

1,184,139-0.6

33,703-2.2

21,974-59.7

14,922-67.2

FY2024 1st quarter

1,191,724

19.4

34,467422.0

54,46473.2

45,483

85.2

Profit for the period
attributableto owners of the parent

Comprehensive income
for the period

Basic earnings per share

Diluted earnings per share

Million Yen%

Million Yen

%

Yen

Yen

FY2025 1st quarter

13,681

-66.6

4,850

-97.0

50.76

50.76

FY2024 1st quarter

40,99089.4

162,238223.7

152.08152.08(2) Consolidated Financial Position
Total Assets

Equity attributable toowners of the parent

Total equity

Ratio of equity attributableto owners of the parent

Million Yen

Million Yen

Million Yen%

FY2025 1st quarter

4,569,632

2,382,129

2,107,324

46.1

FY20244,643,016

2,402,029

2,135,837

46.0

2.Cash Dividends
Annual cash dividends per share
1st quarter2nd quarter

Year end

3rd quarter

Total

Yen

Yen

Yen

Yen

Yen

FY2024

－

80.00

－

90.00

170.00

FY2025

－
90.00

－

30.00

－

FY2025(Forecast)(Note) 1. Changes in dividends forecast for FY2025：None
2.Each share of common stock of the Company will be split into three shares per share, effective from October 1, 2024. Concerning annual
cash dividends per share of FY2025(Forecast), Year end cash dividends per share of FY2025(forecast) after the stock split is shown andannual total cash dividends per share is shown as "-". In addition, Year end cash dividends per share of FY2025(forecast) on
pre-stock-split basis will be 90.00 Yen, and annual total cash dividends per share will be 180.00 Yen.

3.Consolidated Financial Forecast for FY2025 (Apr. 1, 2024 through Mar. 31, 2025)(Percent shows changes against corresponding figures for the previous period)
Revenue

Operating profit

Profit before income
taxes

Profit attributable toowners of parent

Earnings per share

Million Yen%

Million Yen%

Million Yen%

Million Yen%

Yen

4,920,000

0.2

220,000

53.4

225,000

50.1

130,000

43.2

160.77Full year(Note) 1. Consolidated financial forecast corrections for FY2025：None
2. Each share of common stock of the Company will be split into three shares per share, effective from October 1, 2024. Earnings per shareof FY2025(forecast) after the stock split is shown. In addition, Earnings per share of FY2025(forecast) on pre-stock-split basis will be
482.31 Yen.
4.Others(1) Significant change in scope of consolidation during the period: None
Consolidation scope
Consolidated (New)：None
Eliminated：None(2) Changes in accounting policies and accounting estimation① Changes in accounting policies required by IFRS：None② Other changes：None③ Changes in accounting estimation：None(3) Number of outstanding shares (common stocks)① Number of shares issued including treasury stock as of therespective balance sheet date

FY2025 1st② Number of treasury stock as of the respective balance
sheet date

FY2025 1st③ Average number of common stocks (quarterly total)

quarterquarter
FY2025 1stquarter

294,674,634 shares

FY2024

294,674,634 shares

25,120,068 shares

FY202425,140,588 shares

269,540,788 shares

FY2024 1stquarter

269,527,268 shares※ Reviews by certified public accountants or an audit firm for the attached Quarterly Consolidated Financial Statements: None
※ Explanation regarding the appropriate use of forecasts, and other additional information

1. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain
assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts.
Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global
market.

2. The Company is scheduled to hold the earnings briefing for analysts and professional investors on July 31, 2024. The presentation materials
for the earnings briefing will be posted on its website promptly following the presentation.

Contents
1. Qualitative Information regarding financial results for the three months ended June 30,2024 ………………………………………………

2(1） Information regarding operating results ………………………………………………………………………….……………………………

2(2） Explanation of financial position .………………………………………………………………………………………………………………

2(3） Explanation of consolidated earnings forecasts and other forward-looking statements …………………………………………………

3

2. Quarterly Consolidated Financial Statements ……………………………………………………………………………………………………

4(1） Quarterly Consolidated Statements of Financial Position ..………………………………………………….………………………………

4(2） Quarterly Consolidated Statements of Income /Quarterly Consolidated Statements of Comprehensive Income ……………………………………………………………………………

5(3） Quarterly Consolidated Statements of Changes in Equity .…………………………………….…….…….………………………………

6(4） Quarterly Consolidated Statements of Cash Flows ………………………………………………………….………………………………

8(5） Notes to Quarterly Consolidated Financial Statements ……………………………………………………….……………………………

9(Going concern assumption） …………………………………………………………………………………………………………………

9(Segments information） ………………………………………………………………………………………………………………………

9(Assets held for sale） …………………………………………………………………………………………………………………………

10(Additional information） ………………………………………………………………………………………………………………………

10(Material subsequent events）…………………………………………………………………………………………………………………

11

-1-

1. Qualitative information regarding financial results for the three months ended June 30, 2024

(1) Information regarding operating results
Revenue for the first three months of the fiscal year decreased by 0.6％ from the same period of the previous fiscal year (¥1,191.7 billion) to¥1,184.1 billion, mainly due to the decrease in sales of powertrain units to Europe.
In terms of profit, operating profit decreased by 2.2％ from the same period of the previous fiscal year (¥34.4 billion) to ¥33.7 billion, profit before
income taxes decreased by 59.7％ from the same period of the previous fiscal year (¥54.4 billion) to ¥21.9 billion, and profit for the period
attributable to owners of the parent decreased by 66.6％ from the same period of the previous fiscal year (¥40.9 billion) to ¥13.6 billion, despite of
the effects of changes in exchange rates and the efforts to improve the corporate structure, the effects of structural reforms, there was decrease inrevenue and the increase of investments for human capital and the future.
Performance by segment is as follows.
ⅰ) Japan

Revenue decreased by 1.7％ from the same period of the previous fiscal year (¥757.9 billion) to ¥745.1 billion, due to the decrease in vehicle
production, etc. In terms of profit, operating profit decreased by 17.0％ from the same period of the previous fiscal year ( ¥11.8 billion) to ¥9.8
billion, despite of the effects of changes in exchange rates and the efforts to improve the corporate structure, the effects of structural reforms, there
was decrease in revenue and the increase of investments for human capital and the future.
ⅱ) North America

Revenue increased by 18.3％ from the same period of the previous fiscal year (¥241.2 billion) to ¥285.2 billion, due to the effects of changes inexchange rates and the increase in vehicle production. In terms of profit, operating profit increased by 30.5％ from the same period of the previous
fiscal year( ¥1.9 billion) to ¥2.6 billion, due to the increase in revenue and the efforts to improve the corporate structure, the effects of structuralreforms.
ⅲ) Europe

Revenue decreased by 20.2％ from the same period of the previous fiscal year (¥101.8 billion) to ¥81.2 billion, due to the decrease in sales ofpowertrain units. Operating profit decreased by 48.4％ from the same period of the previous fiscal year (¥1.7 billion) to ¥0.9 billion, due to thedecrease in revenue.
ⅳ) China

Revenue decreased by 8.7％ from the same period of the previous fiscal year (¥152.2 billion) to ¥139.0 billion, due to the decrease in sales ofpowertrain units, etc. Operating profit decreased by 23.6％ from the same period of the previous fiscal year (¥6.9 billion) to ¥5.3 billion, due to thedecrease in revenue.
ⅴ) ASEAN and India

Revenue increased by 11.3％ from the same period of the previous fiscal year (¥114.1 billion) to ¥127.0 billion, due to the effects of changes inexchange rates and the increase of exportation to North America. Operating profit increased by 25.3％ from the same period of the previous fiscal
year (¥10.7 billion) to ¥13.4 billion, due to the increase in revenue and the effect of changes in exchange rates.
(Note) The amounts of revenue for each segment include intersegment revenue in addition to revenue from external customers.
(2) Explanation of financial position
At the end of the first quarter of the fiscal year ending March 31, 2025, assets decreased by 1.6％ from the end of the previous fiscal year(¥4,643.0 billion) to ¥4,569.6 billion, mainly due to the decrease in investments accounted for using the equity method and other financial assets in
non-current assets, despite of the increase in cash and cash equivalents. Liabilities decreased by 2.4％ from the end of the previous fiscal year(¥2,240.9 billion) to ¥2,187.5 billion, mainly due to the decrease in income tax payables and deferred tax liabilities. Equity decreased by 0.8％ fromthe end of the previous fiscal year (¥2,402.0 billion) to ¥2,382.1 billion, mainly due to the increase in marketable securities valuation difference.

-2-(3) Explanation of consolidated earnings forecasts and other forward-looking statements

There is no change in the full-year consolidated earnings forecasts for the fiscal year ending March 31, 2025 from the forecasts of “FY2024
Consolidated Financial Results [IFRS]” announced on April 26, 2024.
The financial performance forecasts mentioned above include forward-looking statements based on information currently available to theCompany. Actual financial performance may differ significantly from the above forecasts due to changes in internal and external circumstances,such as future operation of the business and exchange rate fluctuations.

-3-2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Statements of Financial Position(Million Yen)FY2024(As of Mar. 31, 2024)

FY2025 1st quarter(As of Jun. 30, 2024)

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Subtotal
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Right-of-use assets
Investments accounted for using the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets

527,191
703,708
39,375
536,600
87,269574,940
677,444
39,516544,198
93,354

1,894,144
3,608

1,929,454
3,393

1,897,753

1,932,847

1,470,862
55,882
67,203

1,476,178
55,92868,390131,914885,677
81,912

73,148816,084
89,97051,81057,084

2,745,263

2,636,784

4,643,016

4,569,632

Current liabilities
Trade and other payables

908,975

910,441

Bonds and loans payable

100,227

101,753

Lease liabilities
Other financial liabilities

20,905
9,373

21,232
11,438Provisions

44,037

45,110

Income tax payables

46,67021,820Total assets
Liabilities and equity
Liabilities

Other current liabilities
Subtotal
Liabilities directly associated with assets held for sale
Total current liabilities
Non-current liabilities
Bonds and loans payable
Lease liabilities

47,652

41,732

1,177,842
312

1,153,529
394

1,178,154

1,153,924

626,067
47,461

610,995
46,810

Other financial liabilities

27,111

41,233Retirement benefit liabilities
Provisions

205,801
2,393

207,222
2,451

Deferred tax liabilities

142,238

107,933

Other non-current liabilities

11,75816,928

Total non-current liabilities
Total liabilities

1,062,833
2,240,987

1,033,578
2,187,502

EquityCapital stock

45,04945,049

Capital surplus

79,352

78,565

Treasury stock
Other components of equity-115,627
577,590-115,540
560,895

Retained earnings
Equity attributable to owners of the parent company
Non-controlling interests

1,549,472

1,538,354

2,135,837
266,192

2,107,324
274,805

2,402,029
4,643,016

2,382,129
4,569,632

Total equity
Total liabilities and equity-4-(2) Quarterly Consolidated Statements of Income / Consolidated Quarterly Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Million Yen)FY2024 1st quarter(Apr. 1, 2023 throughJun. 30, 2023)
Revenue
Cost of revenue
Gross profit
Selling, general and administrative expenses

FY2025 1st quarter(Apr. 1, 2024 throughJun. 30, 2024)

1,191,724-1,077,299

1,184,139-1,064,457

Other income

114,425-84,346
6,773

119,682-89,322
6,746

Other expenses
Operating profit-2,384-3,403

34,46733,703Finance expenses
Equity in earnings of affiliates

19,753-3,046
3,289

11,177-8,098
1,410

Gains (losses) on sales of investments accounted for using equity method
Profit before income taxes－-16,21754,464

21,974

Income tax expenses
Profit for the period-8,98045,483-7,052
14,922

Owners of the parent

40,99013,681

Non-controlling interests
Total

4,493

1,240

45,483

14,922

Earnings per share
Basic earnings per share (Yen)

152.0850.76

Diluted earnings per share (Yen)

152.08

50.76

Finance income

Profit for the period attributable to:(Quarterly Consolidated Statements of Comprehensive Income)(Million Yen)FY2024 1st quarter(Apr. 1, 2023 throughJun. 30, 2023)
Profit for the period
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans

FY2025 1st quarter(Apr. 1, 2024 throughJun. 30, 2024)

45,483

14,922-115-45

Net change in fair value of equity instruments designated as measured at fairvalue through other comprehensive income

85,165-47,064

Share of other comprehensive income of associates accounted for using theequity method

268－

85,318-47,110

6

129

Cash flow hedges
Exchange differences on translating foreign operations

16
28,86535
36,730Share of other comprehensive income of associates accounted for using theequity method

2,547

144

Total
Items that may be reclassified subsequently to profit or loss
Financial assets measured at fair value through other comprehensive income

Total

31,43537,039Other comprehensive income total
Comprehensive income for the period

116,754
162,238-10,071
4,850

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

151,646
10,591-4,4099,260

162,238

4,850

Total

-5-

(3) Quarterly Consolidated Statements of Changes in Equity

FY2024 1st Quarter (Apr. 1, 2023 through Jun. 30, 2023)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2023
Profit for the period
Other comprehensive income

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasurystock

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04974,401-115,675-

275,926-114

31,313

307,125

-

-

-

-31

84,961

13

25,712

110,656

Comprehensive income for theperiod

-

-

-

-31

84,961

13

25,712

110,656

Hyperinflation adjustment

-

-

-

-

-

-

-

-

Acquisition of treasury stock
Disposal of treasury stock
Dividends

-

-9
-

-0
55
-

-

-

-

-

-

Changes in the ownershipinterest in subsidiaries

-

-8

-

-

-

-

-

-

Transfer from other componentsof equity to retained earnings

-

-

-

31

-37

-

-

-5

45,049-1774,383

54-115,62131--37360,849-100

57,026-5417,775

Total transactions with owners
Balance as of Jun. 30, 2023

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings
Balance as of April 1, 2023
Profit for the period
Other comprehensive income

Total equity

Total

1,440,425

1,751,326

240,110

1,991,437

40,990-40,990110,656

4,493
6,098

45,483
116,754

Comprehensive income for theperiod40,990151,646

10,591

162,238

Hyperinflation adjustment
Acquisition of treasury stock
Disposal of treasury stock

379
-

379
-0
45

1

379
-0
47

-26,952-26,952-2,530-29,483

Changes in the ownershipinterest in subsidiaries

-

-8

22

13

Transfer from other componentsof equity to retained earnings

5

-

-

-

-26,946
1,454,849-26,915
1,876,436-2,506248,195-29,422
2,124,632

Dividends

Total transactions with owners
Balance as of Jun. 30, 2023

-6-

FY2025 1st Quarter (Apr. 1, 2024 through Jun. 30, 2024)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2024
Profit for the period
Other comprehensive income
Comprehensive income for theperiodHyperinflation adjustment

Capitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasurystock

Exchangedifferencesontranslationof foreign
operations

Cash
flow
hedgesTotal

45,04979,352-115,627-

504,099-34

73,526

577,590

-

-

-

-36

-46,426

31

28,339-18,091

-

-

-

-36

-46,426

31

28,339-18,091

-

-

-

-

-

-

-

-

Acquisition of treasury stock
Disposal of treasury stock
Dividends

-

23
-

-1
88
-

-

-

-

-

-

Changes in the ownershipinterest in subsidiaries

-

-809

-

-

-

-

-

-

Transfer from other componentsof equity to retained earnings

-

-

-

36

1,358

-

-

1,395

45,049-786
78,56587-115,540

36
-

1,358
459,031-2

101,865

1,395
560,895

Total transactions with owners
Balance as of Jun. 30, 2024

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

Balance as of April 1, 2024
Profit for the period
Other comprehensive income

1,549,472
13,681-2,135,837
13,681-18,091

266,192
1,240
8,019

2,402,029
14,922-10,071

Comprehensive income for theperiod13,681-4,409

9,260

4,850

854
-

854
-1
112

5

854
-1
117

-24,258-24,258-4,613-28,871

-

-809

3,960

3,150

-1,395---Hyperinflation adjustment
Acquisition of treasury stock
Disposal of treasury stock
Dividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-25,653-24,957-647-25,604

Balance as of Jun. 30, 2024

1,538,354

2,107,324

274,805

2,382,129-7-

(4) Quarterly Consolidated Statements of Cash Flows(Million Yen)FY2024 1st quarter(Apr. 1, 2023 throughJun. 30, 2023)
Net cash provided by (used in) operating activities
Profit before income tax
Depreciation and amortization
Losses (gains) on sales of investments accounted for using equity method

FY2025 1st quarter(Apr. 1, 2024 throughJun. 30, 2024)

54,464

21,974

67,63469,784
16,217

Decrease (increase) in trade and other receivables－
61,056

Decrease (increase) in inventories
Increase (decrease) in trade and other payables

32,113-26,943

62,294
10,080-51,224

Other, net

2,852

3,561

Subtotal

191,177
1,401
12,670-3,461-12,874

132,688
1,438
11,785-1,749-48,341

188,91395,821

Interest income received
Dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Decrease (increase) in time deposits

5,413

178

Purchase of property, plant and equipment-53,705-51,605

Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Proceeds from collection of lease receivables

1,048-2,465
-52
2,438
3,226

483
-3,788
-831
2,506
3,394

Proceeds from sales of subsidiaries or other businesses
Proceeds from sales of investments accounted for using equity method

7,691

－
35,324

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Increase (decrease) in short-term bank loans and commercial papers

－
-20

-37

-36,424-14,375-28,853-15,985

Repayment of long-term loans payable
Repayment of lease payables
Cash dividends paid

-34,649-6,261-26,990-1,345-6,468-24,333

Cash dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities-2,530-175-4,613
4,392-99,461-48,353

8,651

14,68561,677
317,693-136

47,778527,191-29

379,234

574,940

Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
To reclassify cash and cash eqiuvalents included in assets held for sale
Cash and cash equivalents at end of period-8-(5) Notes to Quarterly Consolidated Financial Statements(Going concern assumption)
None(Segments information)

1. General information regarding reportable segments
The reportable segments of the Group are components for which financial information is available and whose operating results are periodicallyreviewed by the Board of Directors to make decisions about allocation of resources and to assess performance.
We devise strategies, policies and goals for maximizing sustainable business value for the entire Group by meeting diverse needs near major
automobile manufacturers around the world, and developing, producing, and selling high value-added products. We have assigned officers incharge of each region to supervise the devising of comprehensive strategies in the regions. In addition, the Group mainly manufactures and sells
automobile parts, etc., and each company is conducting business activities by devising comprehensive strategies as independent management
units in each region.
Therefore, the Group consists of segments by location of the company based on the manufacture and sale of automobile parts, etc., and set fivereportable segments: "Japan", "North America", "Europe", "China", and "ASEAN and India". Therefore, reportable segments and its product andservice are as follows.
Product and service

Segment
Japan

Overall automotive parts

Energy solution related products etc.

North America

Overall automotive parts

EuropeOverall automotive parts

China

Overall automotive parts

ASEAN and India

Overall automotive parts-9-

2. Revenue and profit by reportable segments

FY2024(Apr. 1, 2023 through Jun.30, 2023)(Million Yen)
Reportable Segments

Revenue(1) Revenue fromthird parties(2) Inter-segment

Total
Segment profit (loss)

Japan

North
America

590,826

237,469

167,135

Others

Total

Adjustments

China

ASEAN
and India

Total

99,211

147,402

105,833

1,180,743

10,981－

1,191,724

3,769

2,606

4,803

8,354

186,669

17-186,686－

757,961

241,239

101,817

152,206

114,187

1,367,412

10,998-186,686

1,191,724

11,855

1,999

1,760

6,980

10,72233,318

1,459

-311

34,467

EuropeFinance income

19,753Finance expenses-3,046Equity in earnings (losses) of affiliates

3,289

Profit before income taxes

54,464(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Brazil.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit (loss) is based on Operating profit.

FY2025(Apr. 1, 2024 through Jun. 30, 2024)(Million Yen)
Reportable Segments
Japan

North
America(1) Revenue fromthird parties

569,180

281,348(2) Inter-segment

175,994

3,939

2,449

6,046

14,362745,175

285,287

81,266

139,018

127,072

9,844

2,609

908

5,332

13,43632,131

Europe

China

ASEAN
and India

Total

132,972

112,710

1,175,028

Others

Total

Adjustments

Revenue

Total
Segment profit (loss)

78,817

9,110－

1,184,139

202,792

7-202,799－

1,377,821

9,117-202,799

1,184,139

909

662

33,703Finance income

11,177

Finance expenses-8,098Equity in earnings (losses) of affiliates

1,410

Gains (losses) on sales of investments accounted for using equity method-16,217

Profit before income taxes

21,974(Note1) Others include omitted non-core regions that manufacture and sell automotive parts, such as Brazil.
(Note2) Inter-segment revenue is based on transaction price negotiated each year in consideration of market price and total cost.
(Note3) Segment profit (loss) is based on Operating profit.
(Assets held for sale)

As of March 31, 2024, and June 30, 2024, the assets and liabilities of AISIN CORPORATION related to shower toilet business, and the assets
and liabilities held by ZHEJIANG AISIN ELITE MACHINERY AND ELECTRIC CO.LTD. and HANGZHOU AISIN LIXIL MACHINERY AND
ELETRIC CO., LTD., which are Chinese subsidiaries that manufacture shower toilet, were classified as held for sale, because of the agreement totransfer of the business.

(Additional information)
1. Stock repurchases

At the board of directors’ meeting held on June 27, 2024, the Company resolved on stock repurchases pursuant to Article 156 of the Companies
Act of Japan, as applied pursuant to paragraph 3, Article 165 of the Companies Act.
For further details, please refer to the " Notice Concerning the Status of Stock Repurchases (Under the provision of its Articles of Incorporation inaccordance with Article 165, Paragraph 2 of the Companies Act of JAPAN)" disclosed on June 27,2024.

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2. Stock split and related amendment to articles of incorporation

At the board of directors’ meeting held on June 27, 2024, the Company resolved to conduct a stock split and make a partial amendment to thearticles of incorporation in connection with the stock split.
(1） Purpose of the stock split

The purpose is to lower the amount per unit of investment, to create an environment that makes it easier to invest in shares of the Company, andto expand the investor base.
(2） Overview of the stock splitⅰ） Method of the stock split

Each share of common stock of the Company owned by shareholders listed or recorded in the closing register of shareholders on the record
date of September 30, 2024 will be split into three shares per share.
ⅱ） Number of shares to be increased by the stock split

Total number of issued shares prior to the stock split (Note) : 269,674,634 shares
Number of shares to be increased by the stock split (Note): 539,349,268 shares

Total number of issued shares after the stock split (Note): 809,023,902 shares

Total number of authorized shares after the stock split: 2,100,000,000 shares(Note) The total number of issued shares prior to the stock split is the number of shares after cancellation, which is calculated by subtracting thenumber of treasury shares to be cancelled (25,000,000 shares of common stock) on July 31, 2024 from the total number of issued shares(294,674,634 shares). The number of shares to be increased by the stock split and the total number of issued shares after the stock split arecalculated based on this. Regarding the cancellation of treasury shares, please refer to the “Material subsequent events”.
ⅲ） Schedule for the stock split

Public notice of record date (scheduled): September 13, 2024

Record date

: September 30, 2024

Effective date

: October 1, 2024

(3） Partial amendment to the articles of incorporation

In accordance with this stock split, pursuant to Article 184, paragraph 2 of the Companies Act of Japan, the Company’s Articles of Incorporation
will be amended to increase the total number of authorized shares from 700,000,000 shares to 2,100,000,000 shares, effective from October 1,
2024.
(4） Impact on per share information

Per share information assuming that the stock split had been conducted at the beginning of the previous fiscal year is as follows.
FY2024 1st quarter(Apr. 1, 2023 throughFY2025 1st quarter(Apr. 1, 2024 throughJun. 30, 2023)

Jun. 30, 2024)

Basic earnings per share (Yen)

50.69

16.92

Diluted earnings per share (Yen)

50.69

16.92

(Material subsequent events)
1. Cancellation of treasury shares
At the board of directors’ meeting held on June 27, 2024, the Company resolved to cancel the Company’s treasury shares pursuant to theprovisions of Article 178 of the Companies Act of Japan, and the Company has done so as follows.
(1）Class of shares to be cancelled: Common stock of the Company(2）Total number of shares to be cancelled: 25,000,000 shares(3）Implementation date of the cancellation: July 31, 2024

(8.5% of the total number of issued shares before the cancellation)(4）Total number of issued shares after the cancellaton : 269,674,634 shares- 11 -