Data

Financial Highlights

FY2011

2012

2013

Accounting standards applied

JGAAP

JGAAP

JGAAP

337,158

305,752

352,710———

Operating profit (loss)

21,538

10,473

18,170

Profit (loss) before tax [Income (loss) before income taxes
and minority interests]

21,76012,994

21,032

Profit (loss) attributable to owners of the parent [Net income (loss)]

13,898

7,789

12,761

Capital expenditures

27,17339,21529,908Depreciation and amortization

13,50814,554

17,294R&D expenses

4,035

5,468

6,917

Cash flows from operating activities

17,39918,98428,788

Cash flows from investing activities(20,000)(36,125)(36,078)

Cash flows from financing activities(3,455)

8,529

5,709

Cash and cash equivalents at end of period

42,01035,215

38,132

Total assets

301,349

327,912361,083

Interest-bearing debt*2

80,51895,33888,813

Total equity [Total net assets]

102,762

116,435

153,997

Basic earnings per share [Net income (loss) per share]*3 (Yen)

62.87

35.24

55.25

Cash dividends per share applicable to the year*3 (Yen)

9.00

8.00

9.00

Return on equity attributable to owners of the parent[Return on equity] (ROE; %)

14.8

7.3

9.7

Ratio of equity attributable to owners of the parent [Equity ratio] (%)

33.2

34.5

41.2

P/E ratio (Times)

8.0

13.1

7.9

11,97512,306

13,033

Net sales
Segment profit*1

Number of employees*1: Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from net sales.
*2: Interest-bearing debt = Short-term borrowings + Current portion of long-term borrowings + Current lease obligations + Corporate bonds + Long-term debt +Non-current lease obligations + Guarantee deposits received (Corporate bonds have been added since FY2021)*3: The Company carried out 1-for-10 reverse stock split on the effective date of October 1, 2017.
Notes: 1. KYB Corporation and Consolidated Subsidiaries
2. *JGAAP51

KAYABA Group Report 2022

(Millions of yen)

2019

2020

2021

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

IFRS

370,327355,320355,316

393,743

412,214

381,584

328,037

388,360

15,506

17,58818,62422,94922,01017,575

13,32524,713

14,461

4,327

19,247

20,885(28,496)(40,298)

18,29730,001

14,892

2,825

18,852

20,881(29,510)(41,419)

16,34028,817

8,036(3,161)

14,544

15,202(24,757)(61,879)

17,65823,90030,087

21,30020,578

20,95625,34523,347

13,322

14,58815,191

17,075

15,922

16,98817,581

20,615

18,634

18,3148,910*

7,760

7,621

8,102

6,750

6,312

5,368

5,767

22,335

19,95831,15329,252

17,047(4,999)20,82624,247(30,658)(20,320)(21,337)(16,386)(13,616)(21,505)(6,281)(10,871)(555)(3,395)(969)(4,482)

10,41822,576

1,146(32,711)30,51025,29633,98842,70256,09250,42368,70052,118387,877

359,002381,326

412,493441,074

410,454426,635

434,187

92,44891,68593,563

94,641

108,634

154,608

160,278

124,874

175,256

153,381

169,771

186,651

155,643

79,815

116,726

160,91431.45(12.37)56.93

595.09(969.18)(2,422.53)

668.95854.96

12.00

11.00

12.00

150.00

0.00

0.00

75.00

105.00

5.1

(2.0)

9.3

8.8(15.0)(55.4)

18.5

17.1

43.6

41.3

43.1

43.7

33.9

18.1

25.9

35.3

14.0

—

10.2

8.5

——

4.5

3.5

13,732

13,796

14,35014,754

15,427

15,43914,71814,472KAYABA Group Report 2022

52

Data

2018

Value Creation

2017

Strategy

2016

Introduction

2015

Financial Highlights

2014

Data

Kayaba in Globe (As of October 1, 2022)

23 Countries, 42 Companies
Regional Headquarters
Production Base
R&D Base
Sales Office / Other Services

EuropeAsia

7 companies in 12 countries

7 companies in 18 countries

KYB Europe GmbHKYB Industrial Machinery (Zhenjiang) Ltd.

KYB Europe GmbH (Dusseldorf Branch)

Wuxi KYB Top Absorber Co., Ltd.

KYB France
KYB Iberia
KYB Italy
KYB Poland		

KYB (China) Investment Co., Ltd.

KYB Europe GmbH (Navarra Branch)

Changzhou KYB Leadrun Vibration Reduction	  Technology Co., Ltd.
Hubei Henglong & KYB Automobile Electric	  Steering System Co., Ltd.

KYB Romania

CHITA KYB Manufacturing (Zhenjiang) Co., Ltd.

KYB Turkey

KYB Manufacturing Taiwan Co., Ltd.

KYB UKKYB Steering (Thailand) Co., Ltd.

KYB Ukraine

KYB (Thailand) Co., Ltd.

KYB Suspensions Europe, S.A.U.

KYB Manufacturing Vietnam Co., Ltd.

KYB Advanced Manufacturing Spain, S.A.U.

Takako Vietnam Co., Ltd.

KYB Manufacturing Czech s.r.o.

PT. KYB Hydraulics Manufacturing Indonesia

KYB CHITA Manufacturing Europe s.r.o.

PT. Kayaba Indonesia

LLC KYB Eurasia

PT. Chita Indonesia

KYB Eurasia Vladivostok
KYB Middle East FZEKYB-UMW Malaysia Sdn. Bhd.
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 Branch53KAYABA Group Report 2022

Introduction

America
6 companies in 3 countries
KYB Americas Corporation (Indiana)		

KYB Americas Corporation (Greenwood)			

KYB Americas Corporation (Chicago)
Strategy

Takako America Co., INC.
KYB Mexico S.A. de C.V.
KYB Manufacturing do Brasil Fabricante de		  Autopecas S.A.
KYB International America, Inc.
Comercial de Autopecas KYB do Brasil Ltda.

Value Creation

11 companies in 1 country
KYB Corporation (Kayaba)● Kumagaya Plant● Hiroshima● Fukuoka● Sagami Plant● KYB Trondule Co., Ltd.

● Gifu North Plant● KYB-YS Co., Ltd.

● Gifu South Plant● KYB Kanayama Co., Ltd.

● Gifu East Plant● KYB Motorcycle Suspension Co., Ltd.

● Mie Plant● KYB-CS Co., Ltd.

● Basic Technology R&D Center● Takako Industries, Inc.

● Production Technology R&D Center● Kensiyuu Co., Ltd.

● Machine Tools Center● Japan Analysts Co., Ltd.

● Developmental Center● KYB Logistics Co., Ltd.

● South kanto● Chikuyo Seiki Kogyo Co., Ltd.

● Nagoya● Osaka

KAYABA Group Report 2022

54

Data

Kayaba in GlobeJapanData

Corporate Information (As of March 31, 2022)

Company NameKYB Corporation

Date of Establishment

March 10, 1935

Fiscal YearApril 1 to March 31

Paid-in Capital¥27,647.6 million

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

Number of Employees 14,472 (Consolidated basis)
Securities Traded

Prime Market of Tokyo Stock Exchange

Corporate Website

Informarion related to theCompany, including corporate
information, investor information,
product information, etc.

55

https://www.kyb.co.jp/english/index.html

Investor Relations

Products

Sponsorship (Japanese only)

For reports on our IR activitiessuch as management strategy,financial affairs, and performance.

For reports on our products which
support safety and comfort in awide range of industries.

For reports on motorsports,including information on supportand sponsorship for various races.

KAYABA Group Report 2022

Data

Shareholder Information (As of March 31, 2022)

Common stock : 25,748,431
Class A preferred stock : 125

Number ofShareholders

Common stock : 14,555
Class A preferred stock : 8

Transfer Agentand Registrar

Mizuho Trust & Banking Co., Ltd.
3-3, Marunouchi 1-chome, Chiyoda-ku,
Tokyo 100-8241, Japan

Composition of Shareholders (Common Stock)
Treasury shares
206 thousand (1%)
Foreign companies
3,349 thousand (13%)

25,748thousand shares

Other domestic
companies

Introduction

Common Stock
IssuedFinancial institutions

9,323 thousand (36%)

5,433 thousand (21%)
Individuals and others
7,437 thousand (29%)

Major Shareholders
Shareholding(Thousands)

The Master Trust Bank of Japan (Trust Account)

3,088,200

Strategy

NamePercent of Total
Shares Issued (%)

12.1

1,965,417

7.7

Custody Bank of Japan, Ltd. (Trust Account)

1,139,300

4.5

Meiji Yasuda Life Insurance Company

1,004,650 [15]3.9

Suppliers’stock ownership

923,400

3.6

Hitachi Construction Machinery Co., Ltd.

892,000

3.5

Trust & Custody Services Bank, Ltd. as trustee for Mizuho Bank, Ltd. Retirement
Benefit Trust Account re-entrusted by Mizuho Trust and Banking Co., Ltd.

611,500

2.4

Ogaki Kyoritsu Bank, Ltd.

591,433 [10]2.3Mizuho Bank, Ltd.

490,519 [35]1.9

Employee Stock Ownership

430,565

1.7

Value Creation

Toyota Motor Corporation

Notes: 1. The percent of total shares issued is calculated after the deduction of own shares (206,351 shares).
2. [ ] is the number of Class A preferred shares■ Trading volume (Shares)

Stock price (¥)

800,000,000

6,000

600,000,000

4,000

400,000,000

2,000

200,000,000０2017

2018

20192020

2021

High (¥)

7,380

5,660

3,695

3,350

4,180

Low (¥)

4,705

2,312

1,712

1,692

2,563

At year-end (¥)

5,050

2,718

2,069

3,020

2,975(FY)

Shareholder Information

8,000

0

Note: The Company carried out 1-for-10 reverse stock split on the effective date of October 1, 2017. Numbers for the prior fiscal years are as recorded after the reverse stock split.

KAYABA Group Report 202256

Data

Corporate Information

Monthly Stock Price Range (Tokyo Stock Exchange)

Contact

World 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