Sumitomo Heavy Industries, Ltd.
CONSOLIDATED FINANCIAL REPORTFor the Three-Month Period from April 1 to June 30, 2021

All financial information has been prepared in accordance with generally accepted accounting principles in Japan. This document
has been translated from the Japanese original as a guide to non-Japanese investors, and contains forward-looking statements thatare based on management’s estimates, assumptions, and projections at the time of publication. A number of factors could cause
actual results to differ materially from expectations. Amounts shown in this financial statement have been rounded to the nearest
million yen.

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

Summary of Consolidated Financial Results
For the Three-Month Period from April 1 to June 30, 2021
Presented July 30, 2021

Sumitomo Heavy Industries, Ltd.
Listed exchanges

Tokyo Stock Exchange

Stock code

6302

Head officeTokyo

President

Shinji Shimomura

URL

www.shi.co.jp

Inquiries

Michiko Watanabe
General Manager, Corporate Communications Dept.

Telephone+81 3 6737 2331

Scheduled date for submitting quarterly
reportScheduled date of payment of cash
dividends
Availability of supplementary explanations
for quarterly financial statement
Holding of meeting to explain quarterly
financial statement

August 6, 2021—
No
No

1. FY2021 First Quarter Consolidated Results (April 1, 2021, to June 30, 2021)(1) Business Results(Units: millions of yen)First Quarter
April 1 to June 30, 2021

First Quarter
April 1 to June 30, 2020% change% change

Net sales

216,267

19.7

180,657(11.5)

Operating profit

15,045

114.7

7,006

(48.2)

Ordinary profit

15,059

164.5

5,693

(57.3)

Profit attributable to owners of parent

9,260

255.7

2,603

(70.8)

Profit attributable to owners of parent ratio (yen)Fully diluted profit attributable to owners of parent ratio
Note:

Comprehensive income:Fiscal quarter ended June 30, 2021: 22,591 million yen, (— %)Fiscal quarter ended June 30, 2020: (2,566) million yen, (—%)

2

75.59

21.25

―

―

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

(2) Financial Position(Units: millions of yen)
End of First Quarter
As of June 30, 2021

End of Previous Full Year
March 31, 2021

1,040,030

1,030,684

Total net assets

519,924504,928

Equity ratio (%)

48.6

47.6

Total assets

Reference: Equity:
Fiscal quarter ended June 30, 2021: 505,750 million yen
Fiscal year ended March 31, 2021: 490,697 million yen

2. Dividends(Unit: yen)
Year Ended March 31,
2021

Year Ending March 31,
2022

―

―

Year Ending March 31,
2022 (forecast)

Annual dividends per shareFirst quarter
Second quarter

9.00

35.00

Third quarter――End of term

56.00

35.00

Annual dividends

65.00

70.00

Note: Changes from the most recent dividend forecast: No

3. FY2022 Consolidated Forecasts (April 1, 2021, to March 31, 2022)(Units: millions of yen)

Full Year
April 1, 2021, to March 31, 2022
% change
Net sales

870,000

2.5

Operating profit

50,000(2.6)

Ordinary profit

46,000(7.2)

Profit attributable to owners of parent

27,0000.9
220.39Profit attributable to owners of parent ratio (yen)Note:Changes from the most recent dividend forecast: No

Additional Notes(1) Transfers of important subsidiaries during the three months ended June 30, 2021:(moves of specific subsidiaries due to change in scope of consolidation)

3

None

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

Newly consolidated:—

Excluded from consolidation:—(2) Special accounting measures applied in the quarterly consolidated financial report:

Applicable(3) Changes to accounting policies, changes to accounting estimates, and retrospective restatements(i) Changes to accounting policies due to revisions to accounting standards:

Yes(ii) Changes to accounting policies not otherwise stated in (i):None(iii) Changes to accounting estimates:None(iv) Retrospective restatements:

None(4) Number of shares issued (share capital)(i) Number of shares issued at end of fiscal period (including treasury shares):
As of June 30, 2021
As of March 31, 2021

122,905,481 shares
122,905,481 shares(ii) Number of treasury shares at end of fiscal period:
As of June 30, 2021
As of March 31, 2021

398,502 shares
397,425 shares(iii) Average number of shares during fiscal period (cumulative quarterly period):
As of June 30, 2021
As of June 30, 2020

122,507,252 shares
122,515,795 shares* The Quarterly Summary of Financial Results is not subject to the Quarterly Review by a Certified Public Accountant oran Independent Auditor
Explanations and Other Special Items regarding the Pertinent Reasons for the Earnings Forecast
Earnings forecasts and outlooks concerning future financial results are believed to be reasonable based on
information available at the time of publication. Actual financial results may vary from the above forecast andoutlook due to a variety of factors. For information on the assumptions that form the basis of the earnings forecast
and items to note concerning the use of earnings forecasts, please refer to the Explanation of the Consolidated
Earnings Forecast and Other Forward-Looking Estimates in the Supplementary Materials section beginning on
page 9.

4

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

Supplementary Materials – Table of Contents
I.

Qualitative Information regarding Current Quarterly Consolidated Business Performance ... 7
1. Explanation of Business Performance ............................................................................................. 7
2. Explanation of the Group’s Consolidated Financial Position ........................................................... 8
3. Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates ......... 9II.

Quarterly Consolidated Financial Statements and Key Explanatory Notes............................. 10
1. Quarterly Consolidated Balance Sheets ........................................................................................ 10
2. Quarterly Consolidated Income Statements and Quarterly Consolidated Statement ofComprehensive Income.................................................................................................................. 13
3. Items of Special Note Concerning the Quarterly Consolidated Financial Statements .................. 15(Significant Events or Conditions that Question the Premise of a Going Concern) ...................... 15(Notes regarding Significant Fluctuations to Shareholders’ Equity) .............................................. 15(Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial
Statements) .................................................................................................................................... 15(Changes to Accounting Policies) .................................................................................................. 15(Subsequent Events of Significant Importance) ............................................................................. 16

III. Supplemental Information.............................................................................................................. 17
1. Orders Received, Sales, and Balance of Orders Received, by Segment ..................................... 17
2. (Summary) Quarterly Consolidated Cash Flows Statement .......................................................... 196

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

I. Qualitative Information regarding Current Quarterly
Consolidated Business Performance
1. Explanation of Business Performance
As for the business environment surrounding the Group during the first quarter of the current consolidated fiscal year underreview, there were signs of recovery in capital investments mainly in the manufacturing sector in Japan, although the impactof the spread of COVID-19 infections still remained. Turning to overseas regions, recovery of capital investments was seen
due to an economic upturn in Europe, the US, China, etc. These factors resulted in a global uptick in demand for machinery.
On the other hand, in some regions and sectors that were still affected by the spread of COVID-19 infections, the pace ofrecovery was slow, indicating a polarized gap in the global economy. Also, uncertainty over the global economy remained
mainly due to escalation of trade disputes between the US and China, ongoing geopolitical risks, fluctuations in oil prices
and their slump in addition to the aforementioned factors.
In this business environment, the Group formulated the “Medium-Term Management Plan 2023,” aimed to increase
corporate value in a sustainable manner by solving social issues through products and services, and moved forward withmeasures, such as constructing a robust entity, making changes for improvement of corporate value, expanding
contribution to SDGs and strengthening initiatives for reducing environmental burdens.
As a result, the Group’s orders and net sales amounted to JPY243.2 billion and JPY216.3 billion, respectively. In terms of
profitability, the Group posted operating profit of JPY15.0 billion and ordinary profit of JPY15.1 billion and quarterly profit
attributable to owners of parent came to JPY9.3 billion.
The situation by segment is described below.
Note that, taking into consideration the policy set forth in the “Medium-Term Management Plan 2023,” we have decided tomake changes in reporting segments starting from the fiscal year ending March 31, 2022. As a result, the reporting
segments of the Group were changed from “Machinery Components,” “Precision Machinery,” “Construction Machinery,”“Industrial Machinery,” “Ships” and “Environmental Facilities & Plants” to “Mechatronics,” “Industrial Machinery,” “Logistics& Construction” and “Energy & Lifelines.” Also, figures for the first quarter of the previous consolidated fiscal year (thesame period of the previous year) were reclassified into each new segment category.

(i) Mechatronics
Orders, sales and operating profit all increased due to a rise in demand for small-to-medium sized gear reducers, precision
gears for robot articulations and motors in Japan, Europe, the US and China. As a result, orders increased by 30% ascompared to the previous fiscal year to finish at JPY45.1 billion, while sales increased by 16% as compared to the previous
fiscal year to finish at JPY35.3 billion. Further, the segment posted operating profit of JPY0.8 billion.

(ii) Industrial Machinery
For the Plastic injection molding machine business, orders, sales and operating profit all increased due to a rise in demandin China for electrical and electronics-related products and high demand from Europe and the US. For other machinemodels, orders increased due to a rise in demand for semiconductor-related products, but both sales and operating profit
decreased because there were less backlogs of orders for semiconductor-related products than in the previous year. As aresult, orders increased by 73% as compared to the previous fiscal year to finish at JPY66.8 billion, sales came to JPY49.4
billion, up 14% from the previous fiscal year, and operating profit increased by 24% as compared to the previous fiscal
year to finish at JPY3.9 billion.

(iii) Logistics & Construction
With regard to the hydraulic excavator business, orders, sales and operating profit all increased because the Japaneseand Chinese markets were strong and demand was recovering in the North America region. Turning to other businesses,
the mobile crane business saw increases in all of orders, sales and operating profit as demand was recovering in Japanand the North America region. As a result of the above, orders across the segment increased by 45% as compared to theprevious fiscal year to finish at JPY92.2 billion, while sales increased by 27% as compared to the previous fiscal year tofinish at JPY83.7 billion. The segment posted an operating profit of JPY6.2 billion, a 123% increase as compared to theprevious fiscal year.

7Consolidated Results for the Three-Month Period from April 1 to June 30, 2021(iv) Energy & Lifelines
Orders in the energy plant business decreased in the current fiscal year under review partly because orders were received
for large-scale projects for biomass-fueled power generation plants in Europe in the previous year, and both sales andoperating profit increased due primarily to a backlog of orders in Japan. For other businesses, orders for ships and otherproducts increased but their sales decreased. However, operating profit increased due partly to a change in the sales mix.
As a result of the above, orders across the segment increased by 3% as compared to the previous fiscal year to finish at
JPY37.6 billion, while sales increased by 16% as compared to the previous fiscal year to finish at JPY46.2 billion. The
segment posted an operating profit of JPY3.6 billion, a 321% increase as compared to the previous fiscal year.

(v) Others
Orders increased by 13% to JPY1.5 billion, sales increased by 11% to JPY1.6 billion, and operating profit increased by
82% to JPY0.7 billion from the previous fiscal year, respectively.

2. Explanation of the Group’s Consolidated Financial Position
1. Condition of Assets, Liabilities, and Net Assets
Total assets at the end of the first quarter of the current consolidated fiscal year under review (ended June 30, 2021)
amounted to JPY1.04 trillion, an increase of JPY9.3 billion as compared to the end of the previous consolidated fiscal year.
This was mainly due to increases of JPY12.4 billion in inventory assets and JPY7.8 billion in tangible fixed assets, while
notes and accounts receivable - trade and contract assets decreased by JPY10.9 billion as compared to the end of theprevious consolidated fiscal year.
Total liabilities declined to JPY520.1 billion, a decrease of JPY5.7 billion as compared to the end of the previous
consolidated fiscal year. This was partly because interest-bearing liabilities decreased by JPY8.6 billion.
Net assets amounted to JPY519.9 billion, an increase of JPY15.0 billion as compared to the end of the previous
consolidated fiscal year. This was mainly due to an increase of JPY13.2 billion in foreign currency translation adjustments.
As a result of the above, the shareholders’ equity ratio increased by 1.0 point from the end of the previous consolidated
fiscal year to finish at 48.6%.

2. Cash Flow Condition
Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year under review came to
JPY92.3 billion, a decrease of JPY3.9 billion from the end of the previous consolidated fiscal year. Cash flows for the threemonths ended June 30, 2021 and the factors contributing to increases or decreases in cash flows are as follows.

(Cash Flow from Operating Activities)
Cash flow from operating activities increased by JPY21.8 billion during the three months ended June 30,2021 and cash
flow increased by JPY17.9 billion from the same period of the previous fiscal year. This is partly because a decrease intrade payables slowed down and profit before income taxes increased.
(Cash Flow from Investing Activities)
Cash flow from investing activities decreased by JPY11.7 billion during the three months ended June 30, 2021 and cash
outflow decreased by JPY1.7 billion from the same period of the previous fiscal year. This is partly because expenses for8Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

acquiring a business decreased.
(Cash Flow from Financing Activities)
Cash flow from financing activities decreased by JPY16.9 billion during the three months ended June 30, 2021 and cash
outflow increased by JPY21.0 billion from the same period of the previous fiscal year. The main reason for the cash
outflow was a decrease in interest-bearing debts.

3. Explanation of the Consolidated Earnings Forecast and Other Forward-Looking
Estimates
No change has been made to the consolidated earnings forecast for the fiscal year ending March 31, 2022 that wasannounced in the financial report dated May 10, 2021.

9

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

II. Quarterly Consolidated Financial Statements and Key
Explanatory Notes
1. Quarterly Consolidated Balance Sheets(Units: millions of yen)
End of Full YearAs of March 31, 2021

End of First Quarter
As of June 30, 2021

AmountAmountAssetsCurrent assets
Cash and deposits

99,51895,746

Notes and accounts receivable - trade282,928―

Notes and accounts receivable - tradeand contract assets―

272,051

Inventory assets

200,155

212,574

Other

34,276

34,102

Allowance for doubtful accounts(3,258)(3,470)Total current assets

613,620

611,003Land

108,305

108,492

Other (net)

167,499

175,107

Total tangible fixed assets

275,804

283,599

Goodwill

29,36432,231

Other

47,43248,059Total intangible fixed assets

76,79680,290Other

68,021

68,787

Allowance for doubtful accounts(3,556)(3,648)

Total investments and other assets

64,465

65,138417,064

429,027

1,030,684

1,040,030

Fixed assets
Tangible fixed assets

Intangible fixed assets

Investments and other assets

Total Fixed assets
Total assets

10Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

(Units: millions of yen)
End of Full YearAs of March 31, 2021

End of First Quarter
As of June 30, 2021

AmountAmountLiabilities
Current liabilities
Notes and accounts payable - trade160,260

162,110

Short-term loans payable

31,69828,213Current portion of long-term loans
payable

3,270

3,254

Provision for construction warranties

18,192

16,451Other provision amount

2,857

2,720

Other

124,885

126,323

Total current liabilities

341,162

339,071

Bonds payable

50,00050,000Long-term debt due after one year

39,471

34,370

151

154

Defined benefit liability

51,662

52,252

Deferred income taxes on revaluation

20,437

20,434

Other

22,87323,825

Total non-current liabilities

184,594

181,035

525,756

520,106

Capital stock

30,87230,872

Capital surplus

26,071

26,071Retained earnings

390,336

392,599

Treasury shares(1,100)(1,103)

Total Shareholders' equity

446,179

448,438

Valuation difference on available-forsale securities

5,030

4,949

Deferred gains or losses on hedges

(834)

(830)

Revaluation reserve for land

40,34240,442Foreign currency translation
adjustments

1,016

14,200

Fixed Liabilities

Allowance

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive
income11

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

End of Full YearAs of March 31, 2021

End of First Quarter
As of June 30, 2021

AmountAmountRemeasurements of defined benefit
plans(1,035)(1,449)Total accumulated othercomprehensive income

44,51857,312

Non-controlling interests

14,23014,175

Total net assets

504,928

519,924

1,030,684

1,040,030

Total liabilities and net assets

12Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

2. Quarterly Consolidated Income Statements and Quarterly Consolidated
Statement of Comprehensive Income
Quarterly Consolidated Income Statements
Three months ended June 30, 2021
(Units: millions of yen)Previous First Quarter
April 1, 2020 toJune 30, 2020

Present First Quarter
April 1, 2021 toJune 30, 2021

AmountAmountNet sales

180,657

216,267

Cost of sales

140,755

166,252

Gross income

39,90150,015

Selling, general and administrative expenses

32,89534,970Operating profit

7,006

15,045Interest income

221

162

Dividend income

199

193

Other

452

755

Total non-operating profit

872

1,109

284

186

1,025

―

876

909

2,185

1,095

5,693

15,059Impairment loss―

131

Total extraordinary losses―

131

Profit before income taxes

5,693

14,928

Income taxes

2,964

5,454

Profit

2,729

9,474

126

214

2,603

9,260

Non-operating profit

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses

Profit attributable to no-controlling interests
Profit attributable to owners of parent

13

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

Quarterly Consolidated Statement of Comprehensive Income
Three months ended June 30, 2021
(Units: millions of yen)Previous First Quarter
April 1, 2020 to June 30, 2020

Present First Quarter
April 1, 2021 to June 30, 2021

AmountAmountProfit

2,729

9,474

Valuation difference on available-for-salesecurities

843

(83)

Deferred gains or losses on hedges

148

1(6,433)

13,609

144

(414)

2

4

(5,296)

13,117(2,566)

22,591(2,493)

21,955(74)

637

Other comprehensive income

Foreign currency translation adjustments
Adjustment to retirement benefits
Share of other comprehensive income ofentities accounted for using equity
methodTotal other comprehensive income
Comprehensive income(Breakdown)
Quarterly comprehensive income
attributable to owners of parent
Quarterly comprehensive income
attributable to non-controlling interests

14Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

3. Items of Special Note Concerning the Quarterly Consolidated Financial
Statements(Significant Events or Conditions that Question the Premise of a Going Concern)
There are no applicable items.

(Notes regarding Significant Fluctuations to Shareholders’ Equity)
There are no applicable items.

(Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial
Statements)(Calculation of tax expenses)
The effective tax rate expected to be imposed on pretax profit (after tax effect accounting) applicable to the consolidated
fiscal year in which the first quarter of the current consolidated fiscal year under review is included was estimated basedon reasonable assumptions, and tax expenses were calculated by multiplying the quarterly pretax profit by the estimatedeffective tax rate.

(Changes to Accounting Policies)(Application of the Accounting Standard for Revenue Recognition)
The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 of March 31, 2020; hereinafter referred to as
the “Accounting Standard for Revenue Recognition”), etc. has been applied since the beginning of the first quarter of thecurrent consolidated fiscal year under review. Due to this, when promised goods or services are transferred to customers,
revenue is to be recognized in an amount which we expect to receive in exchange for those goods or services.
Sales incentives and late payment charges arising in the course of performance of contracts were previously recorded as“cost of goods sold,” “selling, general and administrative expenses” or “non-operating expenses” but as a result of theapplication mentioned above, we have changed the method so that those incentives and charges are deducted from sales
and are recognized as variable consideration or consideration paid to customers, taking into account the actual state oftransactions.
Furthermore, previously, the percentage-of-the-completion method was applied to construction contracts for which
outcomes for a portion completed are deemed certain and the completed-contract method was applied to other construction
contracts. However, we have changed the methods so that with regard to obligations that are fulfilled over a certain period,
the progress of work related to fulfillment of the obligations is estimated and revenue is recognized based on such estimateof the progress over that certain period. In the case of obligations that are not fulfilled over a certain period, revenue isrecognized when obligations are fully fulfilled with such obligations deemed to be fulfilled at a certain point in time.
The application of the Accounting Standard for Revenue Recognition, etc. is subject to the transitional treatment set forthin the proviso to Paragraph 84 of the Accounting Standard for Revenue Recognition. The cumulative effect ofretrospectively applying the new accounting policy to periods prior to the beginning of the first quarter of the current
consolidated fiscal year under review was added to or subtracted from the beginning balance of retained earnings for the
first quarter of the current consolidated fiscal year under review, and thus the new accounting policy was applied from such
beginning balance. However, the new accounting policy was not retrospectively applied to contracts where almost all
amounts of revenue for periods prior to the beginning of the first quarter of the current consolidated fiscal year under review
were recognized in accordance with the previous treatment, by applying the method set forth in Paragraph 86 of the15Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

Accounting Standard for Revenue Recognition.
The effect of this change on profits and losses and the beginning balance of retained earnings for the first quarter of thecurrent consolidated fiscal year under review is minor.
Due to the application of the Accounting Standard for Revenue Recognition, etc., “Notes and accounts receivable - trade”
which were included in "Current assets" in the consolidated balance sheets for the previous consolidated fiscal year, areincluded in “Notes and accounts receivable - trade and contract assets” from the first quarter of the current consolidated
fiscal year under review. In accordance with the transitional treatment set forth in Article 89-2 of the Accounting Standard
for Revenue Recognition, figures for the previous consolidated fiscal year have not been restated in accordance with the
new approach to presentation.

(Application of the Accounting Standard for Fair Value Measurement)
The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30 of July 4, 2019; hereinafter referred to as
the “Accounting Standard for Fair Value Measurement”), etc. has been applied since the beginning of the first quarter ofthe current consolidated fiscal year under review. In accordance with the transitional treatment set forth in Paragraph 19of the Accounting Standard for Fair Value Measurement and Paragraph 44-2 of the Accounting Standard for Financial
Instruments (ASBJ Statement No. 10 of July 4, 2019), the new accounting policy set forth in the Accounting Standard for
Fair Value Measurement, etc. is to be applied going forward. Note that this change has no effect on financial statements
for the first quarter of the current consolidated fiscal year under review.

(Subsequent Events of Significant Importance)
There are no applicable items.

16Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

III. Supplemental Information
1. Orders Received, Sales and Operating Profit/Loss, and Balance of Orders
Received, by Segment
As described in “I. 1. Explanation of Business Performance,“ the reporting segments have been changed since
the fiscal year ending March 31, 2022.

(1) Orders Received(Units: millions of yen)Segment

April 1, 2020 toJune 30, 2020

April 1, 2021 toJune 30, 2021

AmountAmountY/Y Change
Amount%Mechatronics

34,64145,13010,49030.3

Industrial Machinery

38,53966,79828,25973.3

Logistics & Construction

63,58892,16628,577

44.9

Energy & Lifelines

36,631

37,572941

2.6

Others

1,317

1,495

178

13.5

Total

174,716

243,161

68,445

39.2(2) Sales and operating profit/loss(Units: millions of yen)
April 1, 2020 toJune 30, 2020

April 1, 2021 toJune 30, 2021

Y/Y Change

Segment
Operatingprofit/loss

Sales

Operatingprofit/loss

Sales

Operatingprofit/loss

Sales

Mechatronics

30,411(84)

35,346

766

4,935

850

Industrial Machinery

43,277

3,115

49,444

3,871

6,167

755

Logistics & Construction

65,6782,766

83,7396,168

18,061

3,401

Energy & Lifelines

39,883852

46,171

3,591

6,288

2,739

Others

1,407

433

1,567

621

160

187

―

(77)

―

30

―

106

180,657

7,006

216,267

15,04535,611

8,039

Adjustment
Total

17

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

(3) Balance of Orders Received(Units: millions of yen)
End of Full YearAs of March 31, 2021

April 1, 2021 toJune 30, 2021

AmountAmountY/Y Change

Segment
Amount%Mechatronics

47,06856,852

9,784

20.8

Industrial Machinery

84,888102,242

17,35420.4

Logistics & Construction

124,782

133,209

8,427

6.8

Energy & Lifelines

272,254

263,655(8,598)(3.2)

Others

1,117

1,045

(72)

(6.4)

Total

530,109557,003

26,894

5.1

Business segments of the Company are categorized as follows.
Businesses

Main Products

Mechatronics

Power transmission, control equipment, motors, inverters, laser processing
systems, precision positioning equipment, control components

Industrial Machinery

Plastics machinery, film forming machines, cryogenic equipment, precision
forgings, semiconductor production equipment, ion accelerators, medical
machines and equipment, forging press machines, machining tools, airconditioning equipment, defense equipment

Logistics & Construction

Hydraulic excavators, mobile cranes, road machinery, material handlingsystems, logistics systems, automated parking systems

Energy & Lifelines

Private power generation facilities, boilers, air pollution control equipment,water and sewage treatment systems, industrial waste treatment facilities,
turbines, pumps, process equipment, pressure vessels, mixing vessels, foodprocessing machinery, ships

18

Consolidated Results for the Three-Month Period from April 1 to June 30, 2021

2. (Summary) Quarterly Consolidated Cash Flows Statement(Units: millions of yen)Previous First
Quarter
April 1, 2020 toJune 30, 2020

Present First
Quarter
April 1, 2021 toJune 30, 2021

Y/Y Change

Profit before income taxes

5,693

14,9289,235

Depreciation

7,362

7,561

200

(Increase) decrease in notes and accounts
receivable

21,695

18,410(3,285)(Increase) decrease in inventories(10,883)(6,983)

3,900

Increase (decrease) in notes and accounts
payable - trade(12,963)(3,629)9,334

Payments for income taxes(3,649)(6,036)(2,387)

Other(3,360)(2,427)933

Cash flows from operating activities

3,896

21,825

17,929Purchase of fixed assets(8,547)(9,210)

(663)

Other

(4,883)(2,508)2,375(13,430)(11,718)

1,713

Increase (decrease) in loans payable

9,448(10,066)(19,514)

Cash dividends paid

(4,158)(6,656)(2,498)

Other(1,135)

(156)

979

Cash flows from financing activities

4,155(16,878)(21,033)

Other

(595)

2,863

3,458

Cash and cash equivalents at beginning of year

83,63096,242

12,612

Cash and cash equivalents at end of quarter

77,65692,335

14,679Cash flows from investing activities

19