May 11, 2021

Mitsui E&S Holdings Co., Ltd. and its Consolidated Subsidiaries

CONSOLIDATED FINANCIAL RESULTS FOR FY2020
From April 1, 2020 to March 31, 2021
Code number:

7003

Shares Listed:Tokyo Stock Exchange

Representative:

Ryoichi Oka, President, Representative Director, and CEO

Inquiries:

Koichi Watanabe, General Manager of Finance & Accounting Dept.
Tel: +81 3 3544 3121

URL:

https://www.mes.co.jp/

Scheduled date to file annual securities report:

June 25, 2021

Scheduled date to commence dividend payments:－

Supplementary explanatory materials prepared:

Yes

Explanatory meeting:Yes (for analysts)(Amounts less than one million yen are truncated)

1. Consolidated Financial Results for FY2020 (From April 1, 2020 to March 31, 2021)(Millions of yen)
From Apr. 1, 2019
to Mar. 31, 2020

From Apr. 1, 2020
to Mar. 31, 2021

Change (%)

New Orders Received

996,848576,668(42.2)Net Sales

786,477

663,834(15.6)

Operating Loss

(62,079)(12,243)－

Ordinary Loss

(60,457)(8,223)－

Profit (Loss) attributable to owners of parent(86,210)134－(1,066.47)

1.67

Operating Cash Flow

(37,213)

7,478

Investing Cash Flow

84,125

21,115

Financing Cash Flow

(26,825)(6,813)

Cash and cash equivalents at end of year

116,691

135,482

Earnings per Share (Yen)

Figures in parentheses represent negative.

(Millions of yen)
As of Mar. 31, 2020

As of Mar. 31, 2021

Total Assets

840,380

766,449

Net Assets

105,355

95,9017.7%

8.8%

796.36834.99

Shareholders’ Equity to Total Assets
Net Assets per Share (Yen)

Note: This consolidated financial results has been prepared in accordance with Japanese accounting standards and Japanese law.

-1-

2. Dividends(Yen)
FY2019FY2021(forecast)

FY2020

Annual dividends per shareFirst quarter

－

－

－

Second quarter

0.00

0.00

0.00

Third quarter

－

－

－

Year-end

0.00

0.00

0.00

Total

0.00

0.00

0.00

Total dividends paid (Millions of yen)－－

Payout ratio (consolidated)－－

Dividend to net assets ratio (consolidated)

－

－

－

3. Forecast of Financial Results for FY2021

Year ending
March 31, 2022

(Millions of yen)

Net Sales

Operating Income

Ordinary Income

Profit attributable toowners of parent

Earnings per Share(Yen)

670,000

5,000

6,000

3,000

37.11

Reference: Estimate is based on exchange rate of USD1.00 = JPY110.0

4. Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation):

None(2) Changes in accounting policies, accounting estimates or restatementsi ) Changes due to amendment of accounting standards:

Noneii ) Changes due to other reasons:Noneiii ) Changes in accounting estimates:

Noneiv ) Restatements:

None(3) Number of shares outstanding (common stock)
FY2019FY2020sharessharesNumber of shares outstanding at the end of period (including treasury stock)

83,098,717

83,098,717

Number of treasury stock at the end of period

2,259,372

2,250,244

Average number of shares during the period

80,836,991

80,848,394

This Financial Report is out of audit scope.
FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecasts for financial results are based on information available at the time this report was released. These forecasts and other forward-looking
statements are not guarantees of future performance. Actual operating results may differ from the above forecasts due to known and unknown risks,
uncertainties, and other factors.
HOW TO GET THE SUPPLEMENTARY EXPLANATORY MATERIALSExplanatory meeting for analysts is scheduled for May 11, 2021. Supplementary explanatory material, which will be distributed at the said meeting, isplanned to be posted on our web site.

-2-

Overview of Reportable Segment
Reportable Segment is classified into 4 segments: Ship, Ocean Development, Machinery and Engineering. Main products and services of each Reportable
Segment are as follows.

Main Products and Services

Reportable Segment

Ship

Commercial ships, naval ships, high speed passenger/vehicle ferries, offshore structures, underwater TV vehicles,
steel structures

Ocean Development

FPSOs (floating production storage offloading vessels)

Machinery

Marine and stationary diesel engines, marine equipment, gas engines, steam turbines, blowers, process
compressors, gas turbines, cogeneration system, regulating system, container cranes, industrial cranes, container
terminal management systems, HWM manipulators, equipment of radar sensing for underground andconstruction, induction heaters

Engineering

Renewable energy power generation plants, power generation business, overseas civil works, waste treatment
plants, water treatment plants, resources recycling plants, PCB disposal plants

Change in Reportable Segment
The Company has been pushing forward the reform of business structure under the Business Revival Plan, which was announced in May 2019 and partly
reviewed in November 2019.
As part of this reform, jurisdiction over Sumitomo Mitsui Construction Steel Structures Engineering Co., Ltd. (formerly Mitsui E&S Steel Structures
Engineering Co., Ltd.) and DPS Bridge Works Co., Ltd., both were previously classified as "Machinery" and carries on Bridge business, has been changed
since FY2020, and the said two companies belong to "Others."
Comparative segment information for the prior year has been restated to reflect the changes.

-3-

Information about Sales, Operating income and loss, Assets and other items for each Reportable Segment
Reportable Segment information for the years ended March 31, 2020 and 2021 were as follows:
From April 1, 2019 to March 31, 2020

(Millions of yen)
Ship

Ocean
Development

Machinery Engineering Sub total

Others

Total

Adjustments Consolidated

Net Sales:
Outside customers
Inter segment

115,111332,898

172,293

69,621

689,925

96,552786,477－

786,477

4,463

－

7,108

781

12,353

10,344

22,698(22,698)－

Total

119,575

332,898

179,40270,402702,279

106,897809,176(22,698)

786,477

Operating income (loss)(2,859)(4,919)11,913(71,423)(67,289)

5,210(62,079)－(62,079)

Assets108,234

358,763

178,248

43,384

688,630

54,749743,379

97,000840,380

3,222

3,265

4,335

618

11,442

3,336

14,779610

15,390

734

255

－

10

1,000

53

1,053

－

1,053

8,444

1,520

－

－

9,965

96

10,061－

10,061

430

－

597

3

1,032

6

1,039

5

1,045

4,323

7,498

7,013

805

19,641(82,236)(62,595)

160(62,434)

Depreciation and amortization
Amortization of goodwill
Year-end balance of goodwill
Loss on impairment of non-current
assetsIncrease in property, plant andequipment and intangible assets

Note 1: “Others” is the segment which is not included in Reportable Segment and includes Stationary diesel power generation plants, Transport
equipment related business, Systems development, Real estate lease business, Infrastructure related business and others.
Note 2: Adjustments are as follows:(1) Adjustments of 97,000 million yen recorded for assets include primarily comprised of surplus funds (cash and time deposits), long-term
investment (investment securities) and assets related to the administration divisions of the Company of 104,877 million yen that are not allocatedto any Reportable Segment.
(2) Adjustments of 610 million yen recorded for depreciation and amortization include depreciation for property, plant and equipment andamortization for intangible assets related to the administration divisions of 620 million yen.
(3) Adjustments of 5 million yen recorded for loss on impairment of non-current assets are the impairment loss for Corporate.
(4) Adjustments of 160 million yen recorded for increase in property, plant and equipment and intangible assets include increase in assets related
to the administration divisions. (1,878) million yen and (85,213) million yen are included in "Engineering" and "Others", respectively, due to theimpact of exclusion from consolidation.
Note 3: Operating income (loss) is adjusted with operating loss in Consolidated Statements of Income.
From April 1, 2020 to March 31, 2021

(Millions of yen)
Ship

Ocean
Development

Machinery Engineering Sub total

Others

Total

Adjustments Consolidated

Net Sales:
Outside customers
Inter segment

92,394309,949

159,048

38,426599,81964,015663,834－

663,834

5,551

－

4,320

379

10,251

9,020

19,271(19,271)－

Total

97,946309,949

163,369

38,805610,070

73,035683,106(19,271)

663,834

Operating income (loss)(2,021)(21,783)

9,819

287

(13,697)

1,453(12,243)－(12,243)

Assets95,161

330,738

170,920

41,595

638,41645,009683,425

83,024

766,449

Depreciation and amortization

3,313

3,294

4,463

206

11,277851

12,128616

12,745

797

246

－

－

1,043

55

1,099

－

1,099

8,371

1,227

－

－

9,598

32

9,631

－

9,631

1,207

－

220

1

1,429

951

2,381

－

2,381

2,068

5,171

8,242

(7,749)7,732(10,244)(2,512)587(1,924)

Amortization of goodwill
Year-end balance of goodwill
Loss on impairment of non-current
assetsIncrease in property, plant andequipment and intangible assets

Note 1: “Others” is the segment which is not included in Reportable Segment and includes Stationary diesel power generation plants, Systems
development, Infrasructure related business and others.
Note 2: Adjustments are as follows:(1) Adjustments of 83,024 million yen recorded for assets include primarily comprised of surplus funds (cash and time deposits), long-term
investment (investment securities) and assets related to the administration divisions of the Company of 87,767 million yen that are not allocatedto any Reportable Segment.
(2) Adjustments of 616 million yen recorded for depreciation and amortization are depreciation for property, plant and equipment andamortization for intangible assets related to the administration divisions.
(3) Adjustments of 587 million yen recorded for increase in property, plant and equipment and intangible assets include increase in assets related
to the administration divisions. (7,817) million yen and (11,443) million yen are included in "Engineering" and "Others", respectively, due to theimpact of exclusion from consolidation.
Note 3: Operating income (loss) is adjusted with operating loss in Consolidated Statements of Income.

-4-

(Millions of yen)

New Orders by Segment
From Apr. 1, 2019
to Mar. 31, 2020
Ship

From Apr. 1, 2020
to Mar. 31, 2021

68,69857,496

Difference(11,202)(16.3%)

Ocean Development

636,103

320,810(315,292)(49.6%)

Machinery

174,358

125,319(49,038)(28.1%)Engineering

48,22822,703(25,525)(52.9%)

Others69,46050,339(19,121)(27.5%)

Total

996,848576,668(420,179)(42.2%)(Millions of yen)

Net Sales by Segment
From Apr. 1, 2019
to Mar. 31, 2020
Ship

From Apr. 1, 2020
to Mar. 31, 2021

115,111

92,394

Difference(22,716)(19.7%)

Ocean Development

332,898

309,949(22,949)(6.9%)

Machinery

172,293

159,048(13,244)(7.7%)Engineering

69,621

38,426(31,195)(44.8%)

Others96,55264,015(32,537)(33.7%)

Total

786,477

663,834(122,643)(15.6%)(Millions of yen)

Operating Income (Loss) by Segment
From Apr. 1, 2019
to Mar. 31, 2020

From Apr. 1, 2020
to Mar. 31, 2021

Difference

Ship(2,859)(2,021)838

Ocean Development(4,919)(21,783)(16,863)

Machinery

11,9139,819(2,094)

Engineering(71,423)287

71,711Others

5,210

1,453

(3,756)

Total(62,079)(12,243)

49,835Figures in parentheses represent negative.

-5-

Consolidated Balance Sheets(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and time deposits
Trade receivables
Merchandise and finished goods
Work in progress
Raw materials and supplies
Short-term loans
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Others
Accumulated depreciation
Others, net
Total property, plant and equipment
Intangible assets
Goodwill
OthersTotal intangible assets
Investments and other assets
Investment securities
Long-term loans
Net defined benefit asset
Deferred tax assets
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-6-

As of March 31, 2021

118,405
282,368
4,714
46,165
5,505
9,593
50,259(1,185)515,827

137,647
233,955
5,925
55,287
4,231
1,745
41,772(1,498)479,067

134,796(107,778)
27,017
131,102(107,242)
23,86090,261
19,265(8,348)
10,916
4,615
17,971(15,084)
2,887
159,559

135,035(108,178)
26,857
117,779(98,709)
19,06970,95917,235(7,990)9,244
2,337
17,224(14,545)
2,679
131,146

10,061
18,18028,242

9,631
17,76927,40057,944
41,037
6,499
14,21917,478(427)
136,751
324,552
840,380

51,58739,963
8,326
11,634
17,666(342)
128,835
287,382
766,449

(Millions of yen)
As of March 31, 2020
Liabilities
Current liabilities
Trade payables
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds
Lease obligations
Accrued income taxes
Advances from customers
Provision for construction warranties
Provision for losses on construction contracts
Provision for repairs
Asset retirement obligations
OthersTotal current liabilities
Long-term liabilities
Bonds
Long-term borrowings
Lease obligations
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Liability for severance and retirement benefits for
directors and corporate auditors
Provision for business restructuring
Net defined benefit liabilities
Asset retirement obligations
OthersTotal long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized holding gains (losses) on securities
Unrealized losses on hedging derivatives
Revaluation reserve for land
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets-7-

As of March 31, 2021

238,241
34,67040,245
5,000
5,393
7,803
83,983
11,38998,505
10,573
10
45,939581,756

215,208
70,852
20,71315,0003,000
6,490
94,345
10,82377,0433,731
442,029559,244

35,00059,0197,789
1,569
17,03020,00037,964
7,405
2,421
12,244

23

20

3,374
11,685
1,794
15,981
153,267
735,024

1,879
8,052
2,368
18,947111,303
670,548

44,384
18,486(18,676)(4,726)
39,46944,384
18,396(8,596)(4,696)49,488(29)(10,275)
37,707(1,814)(680)
24,907175
40,802
105,355
840,380

193(9,174)27,609(5,930)5,321
18,019151
28,241
95,901
766,449

Consolidated Statements of Operations(Millions of yen)
April 1, 2019 toMarch 31, 2020
Net sales
Cost of sales
Gross profit (loss)
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Equity in earnings of unconsolidated subsidiaries andaffiliates accounted for using equity method
Foreign currency exchange gains
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Foreign currency exchange losses
Loss on valuation of derivatives
OthersTotal non-operating expenses
Ordinary loss
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securities
Gain on sale of subsidiaries and affiliates' stocks
Gain on liquidation of subsidiaries and affiliates
Insurance income
Compensation income
Reversal of provision for repairs
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on impairment of non-current assets
Loss on disaster
Loss on sale of investment securities
Loss on sale of subsidiaries and affiliates' stocks
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries andaffiliates
Business restructuring cost
Loss on partial abolition of retirement benefit plan
Extraordinary repair expenses
Retirement benefit expenses
Loss on liquidation of subsidiaries and affiliates
Total extraordinary losses
Loss before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Loss
Loss attributable to non-controlling interests
Profit (loss) attributable to owners of parent-8-

April 1, 2020 toMarch 31, 2021

786,477
800,625(14,147)
47,931(62,079)

663,834
632,967
30,867
43,111(12,243)

6,235
816

4,586
190

2,273

3,316

1,553
10,878479
2,500
11,071

3,143
2,234
1,623
805
1,450
9,257
(60,457)

2,786
2,983
138
1,143
7,051
(8,223)

2,672
4,890
4,716
509
393
214
13,397

654
1,775
2,334
1,552
6,316

361
1,045
764
735
22,492
725

1,037
2,381
1,919
-

43

-

3,374
265
16,69046,500(93,559)
6,680(5,210)1,470(95,030)(8,819)(86,210)

1,204
818
395
7,757
(9,664)
3,251(4,686)(1,435)(8,228)(8,363)134

Consolidated Statements of Comprehensive Income(Millions of yen)
April 1, 2019 toMarch 31, 2020
Loss
Other comprehensive income
Net unrealized holding gains (losses) on securities
Unrealized gains (losses) on hedging derivatives
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for using equity method
Total
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests-9-

April 1, 2020 toMarch 31, 2021

(95,030)(8,228)(3,973)(1,235)(3,121)
1,578

215
4,766
(4,210)5,963(3,214)(5,503)(9,966)(104,996)

1,232(6,995)(94,562)(10,434)3,344(10,340)

Consolidated Statements of Changes in Net Assets
From April 1, 2019 to March 31, 2020

(Millions of yen)
Shareholders' equity

Beginning balance asof April 1, 2019
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during theyear
Loss attributable toowners of parent
Change of scope ofequity method
Purchases oftreasury stock
Sales of treasury
stock
Transfer fromrevaluation reserve
for land
Change in treasury
stock of parent
arising fromtransactions with
non-controllingshareholders
Net changes of
items other thanthose in
Shareholders' equity
Total changes during
the year
Balance as ofMarch 31, 2020

Common stock

Capital surplus

Retained earnings

44,384

18,747

67,812

Treasury stock(4,759)(452)
44,384

18,74767,360Total
shareholders'equity126,185(452)(4,759)125,733(86,210)(86,210)

73

73

(8)

(6)

(6)

38

30

99

99

(251)

(251)

-

(260)

(86,036)32(86,264)

44,384

18,486(18,676)(4,726)

39,469- 10 -

Restated balance
Changes during theyear
Loss attributable toowners of parent
Change of scope ofequity method
Purchases oftreasury stock
Sales of treasury
stock
Transfer fromrevaluation reserve
for land
Change in treasury
stock of parent
arising fromtransactions with
non-controllingshareholders
Net changes of
items other thanthose in
Shareholders' equity
Total changes during
the year
Balance as ofMarch 31, 2020

Unrealized gains (losses) on
hedging derivatives

Revaluation reserve for land

Foreign currency translation
adjustments

Remeasurements of defined
benefit plans

Total accumulated othercomprehensive income

Subscription rights to shares

Non-controlling interests

Total net assets

Beginning balance asof April 1, 2019
Cumulative effects ofchanges in accounting
policies

Net unrealized holding gains(losses) on securities

Accumulated other comprehensive income

3,365(6,065)37,807740(2,488)33,359205

120,488

280,239
(452)

3,365

(6,065)37,807740(2,488)33,359205

120,488279,787(86,210)
73
(6)
30
99

(251)

(3,395)(4,209)(99)(2,554)

1,808(8,451)(29)(79,686)(88,167)(3,395)(4,209)(99)(2,554)

1,808(8,451)(29)(79,686)(174,431)(29)(10,275)

37,707(1,814)(680)

24,907175

40,802

105,355- 11 -

Consolidated Statements of Changes in Net Assets
From April 1, 2020 to March 31, 2021

(Millions of yen)
Shareholders' equity

Beginning balance asof April 1, 2020
Changes during theyear
Profit attributable toowners of parent
Change of scope of
consolidation
Change of scope ofequity method
Purchases oftreasury stock
Sales of treasury
stock
Transfer fromrevaluation reserve
for land
Change in treasury
stock of parent
arising fromtransactions with
non-controllingshareholders
Net changes of
items other thanthose in
Shareholders' equity
Total changes during
the year
Balance as ofMarch 31, 2021

Common stock

Capital surplus

Retained earnings

44,384

18,486(18,676)

Treasury stock(4,726)

Total
shareholders'equity39,469

134

134

(198)

(198)

45

45

(8)

(2)

(2)

32

24

10,098

10,098

(82)

(82)

-

(90)

10,08030

10,01944,384

18,396(8,596)(4,696)49,488- 12 -

Unrealized gains (losses) on
hedging derivatives

Revaluation reserve for land

Foreign currency translation
adjustments

Remeasurements of defined
benefit plans

Total accumulated othercomprehensive income

Subscription rights to shares

Non-controlling interests

Total net assets

Beginning balance asof April 1, 2020
Changes during theyear
Profit attributable toowners of parent
Change of scope of
consolidation
Change of scope ofequity method
Purchases oftreasury stock
Sales of treasury
stock
Transfer fromrevaluation reserve
for land
Change in treasury
stock of parent
arising fromtransactions with
non-controllingshareholders
Net changes of
items other thanthose in
Shareholders' equity
Total changes during
the year
Balance as ofMarch 31, 2021

Net unrealized holding gains(losses) on securities

Accumulated other comprehensive income(29)(10,275)

37,707(1,814)(680)

24,907175

40,802

105,355

134
(198)
45
(2)
24
10,098

(82)

223

1,100

(10,098)(4,115)

6,001(6,888)(24)(12,560)(19,473)

223

1,100

(10,098)(4,115)

6,001(6,888)(24)(12,560)(9,454)193(9,174)27,609(5,930)5,321

18,019151

28,241

95,901- 13 -

Consolidated Statements of Cash Flows(Millions of yen)
April 1, 2019 toMarch 31, 2020
Cash flows from operating activities
Loss before income taxes
Depreciation and amortization
Loss on impairment of non-current assets
Amortization of goodwill
Increase of allowance for doubtful accounts
Increase in net defined benefit liabilities
Decrease (increase) in net defined benefit assets
Increase (decrease) in provision for losses on
construction contracts
Increase (decrease) in provision for repairs
Interest and dividend income
Interest expenses
Equity in earnings of unconsolidated subsidiaries andaffiliates accounted for using equity method
Foreign currency exchange gain, net
Gain on sales of investment securities, net
Loss (gain) on sales of subsidiaries and affiliates'
stocksLoss on valuation of investment securities
Loss (gain) on liquidation of subsidiaries and affiliates
Loss (gain) on disposal of non-current assets, net
Loss on disaster
Insurance income
Decrease (increase) in trade receivables(Increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in other assets
Increase in other liabilities
Others, net
Sub-totalInterest and dividend received
Interest paid
Payments for loss on disaster
Proceeds from insurance income
Income taxes refund
Income taxes paid
Net cash provided by (used in) operating activities- 14 -

April 1, 2020 toMarch 31, 2021

(93,559)
15,390
1,045
1,053
45
2,589
(1,872)(9,664)
12,745
2,381
1,099
260
3,128
1,058

37,552(20,789)

10,568(7,052)
3,143(6,841)(4,776)
2,786(2,273)(3,316)(1,532)(4,155)(5,811)(1,775)

17,776

(415)

725
(509)
(2,311)
764(393)(79,229)(4,993)64,210
2,077
5,822
4,134
(30,983)
8,940(3,172)(764)
393(11,627)(37,213)395
383
45,608(10,173)(10,787)(5,891)
6,888(90)(3,595)
13,505(2,850)418
7,478

(Millions of yen)
April 1, 2019 toMarch 31, 2020
Cash flows from investing activities
Net decrease in time deposits
Capital expenditure
Proceeds from sales of non-current assets
Purchases of investment securities
Proceeds from sales of investment securities
Proceeds from sales of shares of subsidiaries resulting
in change in scope of consolidation
Purchase of shares of subsidiaries and affiliates
Proceeds from sales of shares of subsidiaries andaffiliates
Payments for investments in capital of subsidiaries andaffiliates
Disbursements of loans receivableCollection of loans receivable
Others, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Proceeds from sales and leasebacks
Repayments on bonds
Dividends paid to non-controlling interests
Others, net
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
(Decrease) due to changes in scope of consolidation
Cash and cash equivalents at end of year

- 15 -

April 1, 2020 toMarch 31, 2021

518
(15,626)
5,303(4)
14,112626(12,719)
18,401(1)
3,022

39,506

3,260

(51)

(563)

1,637

74

(529)

(675)

(16,216)
53,791
1,684
84,125(18,085)
29,171(1,397)
21,11531,231
2,336(44,195)(3,005)(10,000)(3,044)(147)(26,825)

40,9181,300(41,100)(3,746)
1,407(5,000)(1,375)781(6,813)(771)(2,984)

19,31597,408(32)
116,691

18,794
116,691(3)
135,482