KAYABA Group Report 2023
April 1, 2022 – March 31, 2023

In FY2023, we will accelerate toward achieving
the targets of our new medium-term
management plan.
Firmly rooted in our origin,
we will carry the corporate DNA instilled
by our founder into the future.
Representative Director,Chief Executive Officer (CEO)Automotive Components (AC) Operations

Delivering Environmental Compatibility,
Ride Comfort, and Excitement
With Original Development Capabilities
As an independent manufacturer, we take pride in our strength of conducting unique development together withour customers.
We promptly conduct driving trials and test prototype models with the latest testing equipment at the test course
in our Developmental Center, which expands the potential of our ideas. Another strength is the synergistic effectgenerated through the accumulation of know-how that includes knowledge from our global development systemand other Business Units (HC Operations and the Special-Purpose Vehicles Division).
We get involved in world-class motorsports races, where we can further increase our technological capabilities
through conducting developments that play a part in winning the championship.
■ Market Share■M ain machines that use KAYABA products
AutomotiveMotorcycles

Market sharein JapanWorldmarket share38%■ Main Products SA for automobiles
SA for motorcycles

Source: KAYABA data (As of March 31, 2023)

Automobiles Shock Absorbers

Railroad Equipment

13%

Market sharein Japan

38%

Motorcycle Front ForksWorldmarket share

Market sharein Japan

13%

48%

Shock absorbers (original equipment, aftermarket), suspention systems
Front forks (FF), rear cushion units (RCU)

Hydraulic equipments Vane pumps, vane pumps for continuously variable transmissions (CVT), hydraulic power steering systems, electricpower steering (EPS)
for automobiles
OthersStay damper, SA for all-terrain vehicles, free locks, railroad equipments (dampers, brakes, suspension systems)

Adjustable damping SA withproportional solenoid

Single piston-type electric power
steering for offroad vehicles

FF/RCU for motocross

KADS* for snow mobileSAs

Vane pumps for CVT

KADS for motorcycles

Active suspension systemfor bullet train*KADS: KYB Actimatic Damper SystemTM

Net Sales

Segment Profits(¥ million)(¥ million)

4００,０００

25,０００３００,０００278,511245,807

232,101

18,681

20,０００15,417

232,846
197,453

15,０００2００,０００

11,691
9,680

8,195

1０,０００1００,００００

5,０００

2018

2019

2020

2021

2022

■ Shock absorbers for automobiles ■ Shock absorbers for motorcycles■ Hydraulic equipment for automobiles ■ Others０(FY)

2018

2019

2020

2021

2022(FY)■Notes: 1. A s a result of the review of segment management classification, railroad equipment that was previously categorized under the “HC Operation” is disclosed as part of
the “AC Operations” from FY2022.
2. Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from net sales.

Hydraulic Components (HC) Operations

A History of Setting Industry Standards
Seeking New Possibilities with Hydraulics

KAYABA has been a pioneer in devices that have led Japan’s hydraulics technology since hydraulic excavators firstentered Japan in the 1960s. We believe a major strength for the Company lies in how it continues to evolve while
passing on vast amounts of data and know-how.
In construction machinery, our product quality and efficient manufacturing processes have been fine-tunedwith feedback from many years of market performance. Also, we contribute to shorting lead time and energy
conservation in the machines that incorporate our products through proposing optimal systems made possible
from our development, design, and manufacture of all hydraulic devices, such as pumps, control valves, motors,
and cylinders.
■ Market Share■M ain machines that use KAYABA products

Source: KAYABA data (As of March 31, 2023)

Construction Machinery

Industrial Vehicles

Agricultural Machinery

Marine Products

Hydraulic cylinders for construction machinery(by excavator machine mass)
Worldmarket share

Worldmarket share

More than 10t

Less than 10t

22%■ Main Products Hydraulic equipment
for industrial use

40%

Cylinders, valves, pumps, motors, mini-motion packages (MMP), hydrostatic transmissions (HST), seal

Auditorium and stage control systems, tunnel boring machines

OthersControl valve

Piston pump

Travel motor/ Swing motor

Hydraulic cylinders

Integrated HST (Pump and motor)

MMP

Leak detection cylinders

Large stern crane

Net Sales

Segment Profits(¥ million)(¥ million)

200,０００

20,０００150,０００

140,625

141,572
125,321

137,876

15,０００111,348
1０,０００100,０００7,507
5,531

5,501

2019

2020

5,０００

5０,００００12,354

11,836201820192020

2021■ Hydraulic equipment for industrial use ■ System products2022■ Others０(FY)201820212022(FY)■Notes: 1. A s a result of the review of segment management classification, systems products that was previously categorized under the “Special-Purpose Vehicles Division” isdisclosed as part of the “HC Operations” from FY2021.
2.	As a result of the review of segment management classification, railroad equipment that was previously categorized under the “HC Operation” is disclosed as part ofthe “AC Operations” from FY2022.
3. Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from net sales.

Special-Purpose Vehicles Division

A History of Creating Products thatMeet Customer Needs with Hydraulicand Customization Technology
We offer new added value by visiting customers and creating products that respond to their various needs.
KAYABA’s concrete mixer trucks are equipped with specialized hydraulic equipment that we make, which contributes to the stable operation of the product. By making it possible to provide a stable supply of the fresh concretethat is critical to construction work, they support urban development and infrastructure construction. Also, they play
an important role that impacts repair work in times of disaster, and we are proud that our product contributes to thesafe and comfortable lives of people.

■M ain machines that use KAYABA products■ Market Share

Source: KAYABA data (As of March 31, 2023)

Concrete Mixer Truck

Special-Purpose Vehicles

Market sharein Japan85%■ Main Products Special-purpose Vehicles Concrete mixer trucks, granule carriers, pruned tree shredder trucks, specialfunction vehiclesConcrete mixer trucks

Granule carriers

Pruned tree shredder trucks

Net SalesSegment Profits(¥ million)(¥ million)

1,2００

12,０００

9,109

8,602

8,270

9,161

9,221

896

０948
803

737

559

6００

6,０００

■

Tilting drum mixing machines

2018

2019

2020

2021

2022０(FY)

2018

2019

2020

2021

2022(FY)■Notes: 1. A s a result of the review of segment management classification, systems products that was previously categorized under the “Special-Purpose Vehicles Division” isdisclosed as part of the “HC Operations” from FY2021.
2. Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from net sales.

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

Financial
Net Sales

Segment Profit(¥ million)(¥ million)

60０,０００

4０,０００50０,０００412,21440０,０００431,205

3０,０００388,360

381,584
328,037

30０,０００25,50024,71322,01017,5752０,０００13,32520０,０００
1０,０００10０,００００2018

2019

2020

2021

０(FY)

2022

2018

Operating Profit (Loss)

Profit (loss) before tax(¥ million)(¥ million)

5０,０００32,547

18,29725,０００2022

28,817

31,770

2021

2022

14,588

14,595

2021

2022

(FY)

16,34025,０００0

0-25,０００(28,496)(29,510)(40,298)-5０,０００2021

5０,０００30,001-25,０００

2020

2019

2018

2019

(41,419)

2020

2021

-5０,０００

(FY)

2022

2018

2020

2019

Profit (Loss) Attributable to Owners of the Parent

Capital Expenditures(¥ million)(¥ million)

8０,０００3０,０００(FY)

25,34523,3474０,０００17,08722,54927,2102０,０００13,3220
1０,０００(24,757)-4０,０００(61,879)-8０,０００

2018

2019

2020

2021０(FY)

2022

2018

2020

2019

(FY)

Non-financial
CO2 emissions reduction targets (Scope 1, Scope 2)(t)300,000

200,000

115,557
96,822100,000

0

2019

2018

2020

2021

31,54230,412

77,26668,437

2022

2023

2024

2025

2026

68,571
21,53848,468
2027

2028

2029

2030

(FY)

■
■ KAYABA ■ Domestic Subsidiaries ■ Overseas Subsidiaries

Energy Consumption

Industrial waste: Volume treated by contractors

（kL）

（kL）

300,０００

0.500

0.361

0.382

0.331

（kg）

（t）
300,０００

48.5

48.2
0.301

20０,０００12,705

13,8520.300

68,613

61,58367,54850,993０

2018

Energy consumption■

2019

18,63442,877
2020

21,451
46,6132021■ KAYABA ■ Domestic subsidiaries■ Overseas subsidiaries

40.0

10,6930.200
10０,０００21,11948,924

11,69811,00130.0

61,76210０,０００22,402

50.0

43.4

0.400

0.347

20０,０００72,495

60.0

54.1

52.1

19,852
46,836

2022

0.100

3,347

(FY)

０Basic units

０

Industrial waste
■

20.0

5,199

2018

2,809

3,692

3,321

2,750

2019

2020

4,478

5,052

2,809

2,761

10.02021■ KAYABA ■ Domestic subsidiaries■ Overseas subsidiaries

2022(FY)

０Basic units

Corporate Information(As of March 31, 2023)

Company NameKYB Corporation

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

Date ofEstablishment

March 10, 1935

Fiscal Year

April 1 to March 31

Paid-in Capital¥27,647.6 million

Number ofEmployees

14,472 (Consolidated basis)

Securities Traded Prime Market of Tokyo Stock Exchange

KAYABA in Globe (As of October 1, 2023)
23 Countries, 41 Companies

Regional Headquarters

Production Base

R&D Base

Sales Office / Other Services

Europe (7 companies in 12 countries)

KYB Europe GmbHKYB Europe GmbH (Navarra Branch)KYB France
KYB Iberia
KYB Italy
KYB Poland
KYB Romania
KYB Turkey
KYB UKKYB UkraineKYB Suspensions Europe, S.A.U.
KYB Advanced Manufacturing Spain, S.A.U.
KYB Manufacturing Czech s.r.o.
KYB CHITA Manufacturing Europe s.r.o.
LLC KYB Eurasia
KYB Middle East FZEAsia (18 companies in 7 countries)

KYB (China) Investment Co., Ltd.
KYB Industrial Machinery (Zhenjiang) Ltd.
Wuxi KYB Top Absorber Co., Ltd.
Changzhou KYB Leadrun Vibration Reduction
Technology Co., Ltd.
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.

Gifu South Plant
Gifu East PlantMie Plant
Nagano Plant
Basic Technology R&D Center
Products Technology R&D Center
Machine Tools Center
Developmental Center
NagoyaOsaka
Hiroshima
Fukuoka
KYB Nagaoka Co., Ltd.
KYB Kanayama Co., Ltd.
KYB Motorcycle Suspension Co., Ltd.
KYB-CS Co., Ltd.
Takako Industries, Inc.
Kensiyuu Co., Ltd.
Japan Analysts Co., Ltd.
KYB Logistics Co., Ltd.
Chikuyo Seiki Kogyo Co., Ltd.

KYB Motorcycle Suspension India Pvt. Ltd.
KYB-Conmat Pvt. Ltd.
KYB Asian Pacific Corp. Ltd.
KYB Asian Pacific Corp. Ltd.
Amata Nakorn Branch
KYB Corporation Chennai Branch

America (6 companies in 3 countries)

KYB Americas Corporation (Indiana)
KYB Americas Corporation (Greenwood)
KYB Americas Corporation (Chicago)
Takako America Co., INC.
KYB Mexico S.A. de C.V.

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

KYB Mexico S.A. de C.V. Mexico City Branch
KYB Manufacturing do Brasil Fabricante deAutopecas S.A.

Sagami Plant

KYB International America, Inc.

Gifu North Plant

Comercial de Autopecas KYB do Brasil Ltda.