Summary of Financial Results:
1st Quarter of FY2022

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Table of Contents

１．1st Quarter of FY2022
Summary of Consolidated Financial Results
２．FY2022 Full-Year Forecast

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2Summary

Summary of
1st Quarter
FinancialResults

Full-year
Forecast• Despite the effect of increased revenue, operating profit
decreased due to higher cost of natural resources and inflation.
Still, operating margin maintained double digits.
Net income increased due to foreign exchange and EPS
achieved at high level.
• Although foreign exchange assumptions have been revised,full-year forecasts remain unchanged.
(USD: JPY123/USD, EUR: JPY134/EUR)

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Table of Contents

１．1st Quarter of FY2022
Summary of Consolidated Financial Results
２．FY2022 Full-Year Forecast

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41. Financial Highlights

Historical Net Sales and Operating Profit• Maintained double-digit operating profit margin (OPM) despite decreased operating profit(continued high profitability)(Billions of yen)
20.0%

800

Net sales :700726

Operating margin :
15.0%

600

10.9%
10.0%

500

5.0%

400

300
0.0%
200
-5.0%
100

-10.0%
08/Q1
Q2
Q3
Q4
09/Q1
Q2
Q3
Q4
10/Q1
2Q
3Q
4Q
11/1Q
2Q
3Q
4Q
12/1Q
2Q
3Q
4Q
13/1Q
2Q
3Q
4Q
14/1Q
2Q
3Q
4Q
15/1Q
2Q
3Q
4Q
16/1Q
2Q
3Q
4Q17/1Q
2Q
3Q
4Q
18/1Q
2Q
3Q
4Q
19/1Q
2Q
3Q
4Q
20/1Q
2Q
3Q
4Q
21/1Q
2Q
3Q
4Q
22/1Q

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52. Overview of FY2022 1Q Consolidated

Operating Profit and OPM on an Upward Trend from FY2021/2Q• Operating profit declined, but net income and EPS were high due to foreign exchange effects

FY2021

FY2022

1Q

2Q

3Q

4Q

1Q

YoY

Net Sales

70.4bn69.3bn68.8bn75.3bn72.6bn3.2%

Operatingprofit (OP)

8.9bn

7.2bn

6.8bn

7.6bn

7.9bn

-10.9%

OPM

12.6%

10.4%

9.8%

10.2%

10.9%

-1.7%pts

Quarterlynet income1)

6.1bn

5.8bn

4.7bn

6.3bn

8.0bn

31.7%

(JPY)

EPS
FX rates

60.10yen 57.07yen 46.38yen 63.71yen 80.22 yen 33.5%
1 USD=JPY106.0 1 USD=JPY107.8 1 USD=JPY108.5 1 USD=JPY109.9 1 USD=JPY116.3 1 USD=JPY-+10.3
1 EUR=JPY127.8 1 EUR=JPY129.9 1 EUR=JPY129.8 1 EUR=JPY129.9 1 EUR=JPY130.4 1 Euro=JPY+2.61) Net profit attributable to the parent company

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3. FY2022 Q1 Consolidated Operating Profit (YoY)1

Operating Profit Analysis (YoY)• Despite the effects of increased revenue, operating profit decreased due to higher cost ofnatural resources and inflation.

+JPY1.1bn-JPY0.8bn-JPY1.3bn

JPY8.9bn

OP(FY2021 Q1)

JPY7.9bn

Net Salesfactors

1 Overseas: January - March 2022; Japan: April – June 2022

Marginal profit(Raw materialcosts, etc.)

Fixed costfactors

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4. FY2022 1Q by Segment (Net Sales)1

YoY Net Sales Increase in All Regions and Segments except Japan and Europe• Net sales increased YoY except in Japan and Europe• Asia business and Bed business is particularly strong16(JPY)FY2021(1Q)

FY2022(1Q)

YoY

Consolidated

70.4bn72.6bn+3.2%

Plastics

63.6bn65.2bn

+2.6%

Japan

18.0bn16.6bn-7.6%

NorthAmerica

15.2bn15.8bn+4.1%

Europe

9.6bn

9.1bn

-4.9%

Asia

20.8bn23.7bn+13.7%

Strong performance

China

6.6bn

8.3bn

+25.3%

Impact by increase in Japanese OEM’s
automobile production volume

6.8bn

7.4bn

+8.8%

Continued strong performanceBed

1 Overseas: January – March 2022; Japan: April – June 2022

Major Factors of Change

Impacted by decrease in automobile
production volume
Revenues increased despite decreasein automobile production volume
Impacted by decrease in automobile
production volume & sale of a subsidiary

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5. FY2022 1Q by Segment (Operating Profit)1

Profit Decreased YoY in Plastics, But Increased in Bed business• Profit increased YoY due to strong performance in plastic in Asia and bed businesses• Profit decreased by 14% YoY in the plastics business due to a large profit decline in Europeand the U.S.
FY2021(1Q)

FY2022
(1Q)

YoY

8.9bn

7.9bn

(12.6%)(10.9%)-10.9%

9.1bn

7.9bn

(14.4%)(12.1%)

3.1bn

2.5bn

(17.5%)(15.1%)

1.2bn

0.9bn

(7.9%)(5.5%)

Europe0.9bn

0.04bn

(9.0%)(0.4%)

Asia

3.9bn

4.5bn

(18.9%)(18.8%)

1.1bn

1.5bn

(16.3%)(18.6%)

1.2bn

1.3bn

(17.0%)(17.8%)(JPY)

Consolidated
Plastics
JapanNorth
AmericaChina
Bed

1 Overseas: January – March 2022; Japan: April – June 2022

-14.0%

Major Factors of Change

Impacted by higher natural resources
price hikes in each region-22.4%-26.7%

Impacted by higher natural resources
cost and labor costs-95.8%

Decrease in automobile production volumeand impact of higher natural resource prices+14.6%

Increased due to large increase in net
sales despite higher natural resource cost

+43.2%

Increased due to large increase in net
sales despite higher natural resource cost

+10.4%

Continued strong performance

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6. CAPEX and Depreciation

Continue Cash Flow-Oriented Management & Manage Appropriate Fund Allocation• Implemented the same level of CAPEX in FY2022 1Q as FY2021 1Q• Increase in cash equivalents was largely due to yen depreciation(impact on yen conversion)
FY2021 (1Q)

FY2022 (1Q)

ChangeFY2022 Forecast

CAPEX

1.8bn

1.8bn

-13.1bn

Depreciation

3.0bn

3.2bn

+0.2bn13.0bn

R&D

0.9bn

0.9bn

-2.8bnOperating CF

8.6bn

6.1bn

-2.5bn38.4bnInvestment CF-1.6bn-4.0bn-2.4bn-13.1bn

Free CF

7.0bn

2.1bn

-4.9bn25.3bnFinancial CF-3.0bn-4.5bn-1.5bn-14.7bn

Cash equivalentbalance101.8bn111.8bn+10.0bn

119.9bn(JPY)

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Table of Contents

１．1st Quarter of FY2022
Summary of Consolidated Financial Results
２．FY2022 Full-Year Forecast

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7. FY2022 Forecast (Outlook) 1

Revised Foreign Exchange Rate Assumptions• Revised FY2022 foreign exchange rate considering exchange rate trends(JPY123/USD, JPY134/EUR)• The impact of China lockdown, etc. are considered for overseas businesses
PeriodCovered

Previous (May) Current
Assumption Assumption• Recovery of automobile production is expected tobecome apparent. Uncertainty remains due to supply
chain issues, etc.

DemandJuly 2022
~March 2023

JapanSupply• Inflation is expected to continue

Demand• China lockdown will have an impact until June
• Recovery of automobile production is expected to
become apparent from July onward. Uncertainty
remains due to supply chain issues, etc.

April 2022
~Dec 2022

Overseas
SupplyFX Rate• Inflation is expected to continue

JPY115/USD

JPY123/USD•

JPY+8/USD

JPY130/EUR

JPY134/EUR•

JPY+4/USD1 FY2022 is between April 2022 to March 2023 for Japan and Jan 2022 to Dec 2022 for overseas

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8. FY2022 Forecast (by segment)1

No Change in The Full-Year Forecast• Although foreign exchange assumptions have been revised, full-year forecasts remainunchanged. (USD: JPY123/USD, EUR: JPY134/EUR)• There is a risk of production issue in a part of North America from 2Q onward• Operating income progress in Europe with various risks is behind
FY2022 (1Q)

FY2022 (Full-Year)

Progress Rate

Net sales

OPNet sales

OP

Net sales

OP

Consolidated

72.6bn

7.9bn

305bn

31.5bn

23.8%

25.1%

Plastics

65.2bn

7.9bn

272bn

31.0bn

24.0%

25.5%

Japan

16.6bn

2.5bn

80bn

11.5bn

20.8%

21.7%

North
America

15.8bn

0.9bn

65bn

3.0bn

24.3%

30.0%

Europe9.1bn

0.04bn

37bn

2.0bn

24.6%

2.0%

Asia

23.7bn

4.5bn

90bn

14.5bn

26.3%

31.0%

China

8.3bn

1.5bn

31bn

4.5bn

26.8%

33.3%

7.4bn

1.3bn

33bn

6bn

22.4%

21.7%(JPY)Bed

1 FY2022 is between April 2022 to March 2023 for Japan and Jan 2022 to Dec 2022 for overseas

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End

Forward-looking statements or projections included in this document, including
earnings projections, are based on currently available information and certain
premises that are judged to be rational at the time of this writing. Actual results may
differ greatly from the forecast figures depending on various factors.
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