Summary of Financial Results (Japan GAAP)[Consolidated]
For the First Quarter of Fiscal Year Ending March 31,2024
August 3,2023
Company name:
Stock exchange listing:Stock code:
Representative:

IDEC CORPORATIONURL http://jp.idec.com/
Tokyo Stock Exchange - Prime Market
6652
Toshiyuki Funaki, Chairman and Chief Executive Officer

Contact:
Yasuyuki Ogawa, General Manager of strategic Planning(Tel.+81-06-6398-2500)
Scheduled date for filing of securities report: August 10,2023
Scheduled date for dividend payment:
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing:

Yes (for analysts)(Amounts less than one million yen are omitted.)
1. Consolidated financial results for the three months ended June 30, 2023 (From April 1 to June 30, 2023)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Net sales
Three months ended

Profit attributableto owners of parent

Ordinary profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

18,18020,157

(9.8)
16.7

1,665
3,153

(47.2)
37.1

2,022
3,562

(43.2)
46.2

1,467
2,555

(42.6)
42.0

June 30, 2023
June 30, 2022
(Note) Comprehensive income:Three months ended
June 30, 2023
June 30, 2022

Operating profit

5,591 million yen
5,027 million yen

Three months ended June 30,2023
Three months ended June 30,2022

Basic earnings
per share
Yen
50.16
88.09

11.2%
101.9%

Diluted earnings
per share
Yen
49.91
87.82

(2) Consolidated financial position
Total assets
Millions of yen
As ofJune 30, 2023
106,601
March 31, 2023
104,235

Net assets
Millions of yen

62,53858,813(Reference) Shareholders' equity: As of June 30,2023
As of March 31,2023

Shareholder's equity ratio
%
58.3
56.1

62,147 million yen
58,465 million yen

2. Dividends
End offirst quarter
Yen
Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2024(Forecast)-

Dividends per share
End of
End of
End ofsecond quarter
third quarterfiscal year
Yen
Yen
Yen

Annual(Total)
Yen

65.00

-

65.00

130.00

65.00

-

65.00

130.00-(Note) Changes in the forecasted cash dividends in this quarter: None

3. Forecast of consolidated results for the fiscal year ending March 31, 2024
(From April 1, 2023 to March 31, 2024)(Percentages indicate changes from the previous year.)
Profit attributable
Net income
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Millions ofyen%Millions ofyen%Millions ofyenFull year
81,000(3.4)
13,800(1.9)
13,800(Note)Revisions of the forecast most recently announced: None%

Millions of
yen

%

Yen

(4.2)

9,500

(6.4)

326.23* Notes(1) Changes in significant subsidiaries during the period(Changes in specified subsidiaries resulting in the change in scope of consolidation): None
New: - company (company name) Excluded: - company (company name)(2) Applying of specific accounting of the consolidated quarterly financial statements: Yes(3) Changes in accounting policies, accounting estimates and retrospective restatements(a) Changes in accounting policies based on revisions of accounting standards: None(b) Changes in accounting policies other than ones based on revisions of accounting standards: None(c) Changes in accounting estimates: None(d) Retrospective restatements: None
(4) Number of issued and outstanding shares (common shares)(a) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

33,224,485 shares

As of March 31, 2023

33,224,485 shares(b) Number of treasury shares at the end of the period
As of June 30, 2023

3,950,854 shares

As of March 31, 2023

3,966,734 shares

Three months ended June 30, 2022

29,007,538 shares(c) Average number of shares during the period
Three months ended June 30, 2023

29,264,116 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
The forecasts included in this documents are based on the information that the Company has obtained at
the time of disclosure.
Actual results may differ significantly from the forecast due to a various factors in the future.

List of Attachments
1. Qualitative Information on Quarterly Financial Results under Review ……………………………………

2………………………………………………………………………………

2(2)Explanation of financial position ………………………………………………………………………………

4(3)Explanation of future forecast information such as consolidated financial results forecasts …

4

2. Consolidated Quarterly Financial Statements ……………………………………………………………………

5(1)Consolidated Quarterly Balance Sheets …………………………………………………………………………
(2)Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements ofComprehensive Income ………………………………………………………………………………………………
(3)Notes on the Consolidated Quarterly Financial Statements…………………………………………………

5[Notes - Uncertainties of entity's ability to continue as going concern] …………………………

9[Notes - When there are significant changes in amounts of equity]……………………………………

9[Notes - Accounting treatments specific to quarterly financial statements] ………………………

9[Notes - Additional information] ………………………………………………………………………………

9[Notes - Segment information, etc.]……………………………………………………………………………

10

3. Supplementary Information ……………………………………………………………………………………………

11(1)Summary of consolidated performance ……………………………………………………………………………

11(2)Sales by products ……………………………………………………………………………………………………

11(3)Sales by regions

11(1)Explanation of operating results……………………………………………………………………………………………………

7
9(4)Orders received and orders backlog……………………………………………………………………………

12(5)Consolidated statement of cash flows…………………………………………………………………………

12(6)Capital expenditure …………………………………………………………………………………………………

12(7)Depreciation and amortization expense …………………………………………………………………………

12(8)R&D expense ……………………………………………………………………………………………………………

12

- 1 -

１. Qualitative Information on Quarterly Financial Results under Review(1) Explanation of operating results
During the first quarter under review, the Japanese economy gradually returned to a state of normalcy
as COVID-19 was downgraded to Category 5 under the infectious diseases control law and inbound tourism
recovered as border controls for people entering Japan were lifted. On the one hand, export growth has
been sluggish against the backdrop of weak global demand due to downward pressure on the economy causedby monetary tightening policies and other factors, and the Japanese economy is still showing signs of
weakness even as it continues to recover moderately. The global economy remained uncertain as a slowdown
in global demand resulting from the end of consumer spending on stay-at-home orders as well as monetary
tightening policies made the market environment more difficult in Europe and the U.S. Even in China,
which had been recovering rapidly following the lifting of the zero-COVID policy, market conditions
worsened.
The IDEC Group has worked to further strengthen the solutions it offers by utilizing new products, etc.
and implemented reforms aimed at optimizing production activities across the globe with an eye toachieving the targets set in its medium-term management plan, which was in its second year during the
fiscal year under review.
Working against this backdrop, the Group saw domestic net sales decrease by ¥1,638 million year on year
to hit ¥6,681 million (down 19.7% year on year), mainly due to sluggish export demand for customers.
Overseas net sales declined ¥338 million year on year to reach ¥11,498 million (down 2.9% year on year)
as a result of a decrease in sales. This drop occurred mainly in the Industrial Relays & Components
business and the Safety & Explosion Protection business due to the economic slowdown, specifically in
the Chinese market. Net sales in the European market, however, increased thanks to the strong performanceof the Group’s mainstay HMI products, including control switches, as well as the yen’s depreciation.
As a result, consolidated net sales for the first quarter under review totaled ¥18,180 million (down
9.8% year on year).
In terms of profit, operating profit decreased ¥1,488 million year on year to total ¥1,665 million(down 47.2% year on year) due to an increase in selling, general and administrative expenses resulting
from the weak yen as well as a decrease in profit resulting from a drop in revenue. Ordinary profit fell
¥1,540 million year on year to ¥2,022 million (down 43.2% year on year), and net income attributable toowners of the parent decreased ¥1,087 million year on year to hit ¥1,467 million (down 42.6% year onyear), due to an increase in a loss on valuation of derivatives despite an increase in foreign exchange
gains as a result of the yen’s depreciation.
The above results for the first quarter under review are as shown below.
Three months ended
Three months ended
June 30, 2022
June 30, 2023
Net sales
20,15718,180(Millions of yen)
Gross profit
8,629
7,900
(Millions of yen)increase/decrease

Rate ofchange(1,977)(9.8%)(728)(8.4%)

Gross income margin(%)

42.8

43.5

+0.6

-

Operating profit(Millions of yen)

3,153

1,665

(1,488)(47.2%)

Operating income margin(%)

15.6

9.2

(6.5)

-

3,562

2,022

(1,540)(43.2%)

2,555

1,467

(1,087)(42.6%)

Average exchange rate for USD

129.73137.49+7.76-

Average exchange rate for EUR

130.40149.58+19.18-Average exchange rate for CNY

19.60

19.56

(0.04)-

Ordinary profit(Millions of yen)
Profit attributable to owners ofparent(Millions of yen)
(Exchange Rate)- 2 -Results by segment for the first quarter under review are as follows.
【Japan】
In Japan, net sales decreased ¥1,493 million year on year to hit ¥7,736 million (down 16.2% year onyear), and operating profit was down ¥833 million year on year to total ¥672 million (down 55.3% year onyear). This was due in part to concerns about an economic downturn caused by price increases and thesluggish overseas economy, a sense of stagnation in key industries such as semiconductors and robotics,
and distributors’ inventory adjustments.
【Americas】
While the robust demand in North America that has continued from last year is subsiding, supply of ourmainstay automation products has gotten back on track and helped push net sales up ¥180 million year on
year to reach ¥3,675 million (up 5.2% year on year). Operating profit, on the other hand, decreased ¥144
million year on year to ¥356 million (down 28.9% year on year).
【Europe, Middle East and Africa(EMEA)】
Net sales in the European market increased ¥525 million year on year to total ¥3,817 million (up 16.0%
year on year) thanks to an increase in sales of our mainstay HMI products, such as control switches, andan uptick in sales in yen terms due to the depreciation of the yen, despite the impact of priceincreases and geopolitical risks. Operating profit decreased ¥54 million year on year to ¥193 million(down 22.1% year on year).
【Asia Pacific】
In the Asia-Pacific region, net sales decreased ¥1,189 million year on year to total ¥2,950 million(down 28.7% year on year), and operating profit dropped ¥479 million year on year to hit ¥450 million(down 51.5% year on year) due to the impact of the economic slowdown in China and Southeast Asia.
Net sales by product category for the first quarter under review are as follows.
【HMI】
Net sales decreased ¥285 million year on year to reach ¥8,594 million (down 3.2% year on year) as aresult of distributors’ inventory adjustments as well as a decrease in demand for our mainstay switches
in key industries such as semiconductors and machine tools in Japan, the Americas, and the Asia-Pacificregion, although sales of programmable displays increased due to improved delivery times for electronic
components.
*This product category includes control switches, joysticks, indicator lights, and programmable displays,
which are key human-machine interfaces (HMIs).
【Industrial relays & components】
Net sales were down ¥1,053 million year on year to hit ¥2,948 million (down 26.3% year on year) as aresult of a decrease in sales of control relays in the Asia-Pacific region, our key market, due to theeconomic slowdown particularly in the Chinese market.
*This product category includes switching power supplies, terminal blocks, control relays/sockets, andcircuit protectors, which are built into control panels for controlling and operating machines andproduction lines and are used as the basis for control parts of machines and equipment.
【Automation & sensing】
Net sales increased ¥182 million year on year to reach ¥2,341 million (up 8.4% year on year) as aresult of strong sales of programmable controllers, especially in the Americas, due to improved delivery
times for electronic components.
*This product category includes products designed to contribute to the automation of equipment used in awide range of industrial and consumer applications, programmable controllers, which act as the brainsof machines and equipment, and automatic identification devices, which are used in retail, logistics,
and various other areas.

- 3 -【Safety & explosion protection】
Net sales fell ¥737 million year on year to total ¥3,104 million (down 19.2% year on year) due to adownturn in sales of safety components as demand decreased in major industries such as semiconductors andmachine tools caused by the economic slowdown, particularly in the Chinese market.
*This product category includes safety components, such as emergency stop pushbutton switches, safetyswitches, and enabling devices, which protect the safety of industrial sites, as well as explosionprotection devices that prevent accidents at sites where explosive gases exist, such as oil and chemicalplants.
【Systems】
Net sales dropped ¥39 million year on year to reach ¥911 million (down 4.2% year on year) due to adecrease in sales of control panels for semiconductor manufacturing facilities, logistics facilities,
etc. in the Asia-Pacific region.
*This product category includes various systems custom-made with IDEC products according to customer needs
as well as collaborative robot system solutions that combine safety components and safety technologies
to create optimal systems.
【Others】
Net sales fell ¥43 million year on year to total ¥280 million (down 13.4% year on year) as a result ofa decrease in demand for other system-related products in Japan.
*This product category includes mega-solar and photovoltaic power generation power management systems(renewable energy business), next-generation agricultural solutions, which are total solutions for
agricultural plants using solar power, and ultra fine bubble generators, which are being researched
for application in a wide range of fields.
(2) Explanation of financial position(Assets, liabilities, and net assets)
Total assets at the end of the first quarter under review came to ¥106,601 million, an increase of¥2,366 million since the end of the previous fiscal year. This uptick was mainly due to an increase of¥2,195 million in property, plant and equipment and intangible assets, an increase of ¥1,912 million ininventories, and an increase of ¥664 million in trade receivables, despite a decrease of ¥2,670 million
yen in cash and deposits.
Liabilities decreased ¥1,358 million from the end of the previous fiscal year to total ¥44,063 million.
This was mainly due to a decrease of ¥1,302 million in income taxes payable.
Net assets increased ¥3,724 million from the end of the previous fiscal year to reach ¥62,538 million
mainly due to an increase of ¥4,169 million in foreign currency translation adjustments, despite adecrease of ¥483 million in retained earnings.
(3) Explanation of future forecast information such as consolidated financial results forecasts
There is no change to the consolidated earnings forecast for the fiscal year ending March 2024, which
was announced in the "Consolidated Financial Results for the Fiscal Year Ended March 31, 2023" dated May
12, 2023.

- 4 -2. Consolidated Quarterly Financial Statements(1)Consolidated Quarterly Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Land
Leased assets, net
Right-of-use assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Trademark right
Customer-related intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 5 -As of June 30, 2023

18,40812,987

15,737
13,520

1,022

1,153

11,777
2,323
6,555
1,466
(23)
54,51812,738
2,661
7,168
1,943
(31)
54,892

9,843
3,513
1,727
5,848
190
1,754
887
23,766

9,885
3,732
1,764
5,925
202
1,801
981
24,293

2,411
7,634
1,138
11,63663
22,885

2,589
8,177
1,250
12,46768
24,553

601
49
318
1,490
641
(36)
3,065
49,717104,235

558
33
317
1,337
651
(36)
2,862
51,709106,601

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations operating
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Deposits received
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Provision for retirement benefits for
directors (and other officers)
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeShare acquisition rights
Total net assets
Total liabilities and net assets- 6 -As of June 30, 2023

4,916

5,206

1,948

1,575

5,000
11,935
497
1,040
2,969
1,911
686
156
37
959
32,0595,000
14,665
557
725
2,659
608
827
334
44
1,091
33,296

6,525
1,530
3,007

3,450
1,543
3,204

50

51

1,557
120
571
13,36245,422

1,536
121
858
10,76644,063

10,056
9,397
40,532(7,299)52,687

10,056
9,409
40,049(7,269)52,245

24

(18)

5,787
(33)

9,956
(34)

5,778

9,902

347
58,813
104,235

390
62,538106,601

(2)Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income(Consolidated Quarterly Statements of Income)(Millions of yen)Three months ended
June 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Share of profit of entities accounted forusing equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent- 7 -Three months ended
June 30, 2023

20,157
11,527
8,629
5,476
3,153

18,18010,279
7,900
6,235
1,665

10

34

47

40

524
44
626

581
90
745

22
132
61
216
3,562

30
289
68
388
2,022

2
30
33

3
62
3
70

1
3
4
3,591
960
105
1,066
2,524
(30)
2,555

0
0
1
2,091
483
139
623
1,467
1,467

(Consolidated Quarterly Statements of Comprehensive Income)(Millions of yen)Three months ended
June 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 8 -Three months ended
June 30, 2023

2,524

1,467

(6)

(43)

2,510

4,169

(1)

(1)

2,502
5,027

4,123
5,591

5,058

5,591

(30)

-

(3)Notes on the Consolidated Quarterly Financial Statements[Notes - Uncertainties of entity's ability to continue as going concern]
No items to report[Notes - When there are significant changes in amounts of equity]
No items to report[Notes - Accounting treatments specific to quarterly financial statements](Calculation of Income tax expense)
Some consolidated subsidiaries have adopted a method for reasonably estimating the effective tax rate
after applying tax effect accounting to profit before income taxes for the fiscal year that includes
the first quarter under review and multiplying quarterly profit before income taxes by this estimatedeffective tax rate.
[Notes - Additional information](Change to the fiscal year, etc. of consolidated subsidiaries)
Effective from the first quarter under review, 13 APEM Group companies have changed their fiscal
year-end from December 31 to March 31 in preparing their consolidated financial statements.
As a result of this change in the balance sheet date, profit or loss for the three months fromJanuary 1, 2023 to March 31, 2023 has been adjusted and consolidated as a decrease in retained
earnings of ¥49 million.

- 9 -[Notes - Segment information, etc.][Segment Information]
ⅠThree months ended June 30, 2022 (From April 1, 2022 to June 30, 2022)
1. Disclosure of sales and profit (loss) for each reportable segment(Millions of yen)
Reportable segments
Japan

Americas

Asia
Pacific

EMEA

Adjustments

Consolidated
total

Total

Net Sales
Revenue from Contracts
with Customers

9,230

3,495

3,291

4,140

20,157-

20,157

-

-

-

-

-

-

-

9,230

3,495

3,291

4,140

20,157-

20,157

2,634

146

576

2,563

5,921

(5,921)-

Total

11,864

3,642

3,867

6,704

26,078(5,921)

20,157

Segment profit

1,506

501

248

930

3,186

(32)

3,153

Other income
Revenues from externalcustomers
Transactions withother segments(Notes)1. Adjustments of segment profit (32) million yen represents intersegment transactions.
2．Segment profit has been adjusted to be consistent with the operating profit reported in
the consolidated statements of income.
3．These are mainly performance obligations that are satisfied at a point in time, but some
performance obligations are satisfied over a period of time.
The amounts recognized as performance obligations satisfied over time are insignificant.
Ⅱ Three months ended June 30, 2023 (From April 1, 2023 to June 30, 2023)
1. Disclosure of sales and profit (loss) for each reportable segment(Millions of yen)
Reportable segments
Japan

Americas

Asia
Pacific

EMEA

Adjustments

Consolidated
total

Total

Net Sales
Revenue from Contracts
with Customers

7,736

3,675

3,817

2,950

18,180-18,180

-

-

-

-

-

-

-

7,736

3,675

3,817

2,950

18,180-18,180

2,076

233

667

2,173

5,151

(5,151)

-

Total

9,813

3,908

4,485

5,124

23,331(5,151)

18,180

Segment profit

672

356

193

450

1,673

(8)

1,665

Other income
Revenues from externalcustomers
Transactions withother segments(Notes)1. Adjustments of segment profit (8) million yen represents intersegment transactions.
2．Segment profit has been adjusted to be consistent with the operating profit reported in
the consolidated statements of income.
3．These are mainly performance obligations that are satisfied at a point in time, but some
performance obligations are satisfied over a period of time.
The amounts recognized as performance obligations satisfied over time are insignificant.

- 10 -

3．Supplementary Information(1)Summary of consolidated performance
Fiscal year ended
March 31, 2023
Firstquarter

YoY

Full year

YoY

First
quarter(Millions of yen, %)Fiscal year ended
March 31, 2024
Full year
YoY
YoY(Forecast)

Net sales

20,157116.7

83,869118.5

18,18090.2

81,00096.6

Operating profit

3,153

137.1

14,060

145.4

1,665

52.8

13,80098.1

Ordinary profit

3,562

146.2

14,403

138.5

2,022

56.8

13,80095.8

Profit attributableto owners of parent

2,555

142.0

10,144

128.5

1,467

57.4

9,500

93.6

(2)Net sales by products
Fiscal year ended
March 31, 2023
Firstquarter

YoY

Full year

YoY

First
quarter(Millions of yen, %)Fiscal year ended
March 31, 2024
Full year
YoY
YoY(Forecast)

HMI

8,880

118.2

35,760

115.8

8,594

96.8

36,200101.2

Industrial relays &components

4,002

122.6

15,476

113.6

2,948

73.7

13,900

89.8

2,158

101.0

10,327

122.0

2,341

108.4

10,200

98.8

3,841

125.9

16,282

128.1

3,104

80.8

15,70096.4

Systems

950

105.5

4,848

129.5

911

95.8

4,000

82.5

Others

323

80.1

1,174

86.1

280

86.6

1,000

85.2

Total

20,157116.7

83,869118.5

18,18090.2

81,00096.6

Automation &sensing
Safety & explosion
protection(3)Net sales by regions
Fiscal year ended
March 31, 2023
FirstquarterJapan

YoY

Full year

YoY

First
quarter(Millions of yen, %)Fiscal year ended
March 31, 2024
Full year
YoY
YoY(Forecast)

8,319

113.3

34,519

111.7

6,681

80.3

33,30096.5

Americas

3,457

127.3

15,672

135.9

3,707

107.2

-

-

EMEA

3,314

111.4

13,466

114.6

3,776

113.9

-

-

Asia Pacific

5,065

119.6

20,210

121.7

4,015

79.3

-

-

Total Overseas

11,837119.3

49,349123.7

11,49897.1

47,700

96.7

Total

20,157116.7

83,869118.5

18,18090.2

81,00096.6

Overseas- 11 -

(4)Orders received and orders backlog
First quarter offiscal year ending March 31,2023
OrdersOrdersYoY
YoY
receivedbacklog(Millions of yen, %)First quarter offiscal year ending March 31,2024
OrdersOrdersYoY
YoY
receivedbacklogJapan

11,05798.2

19,875

222.3

6,550

59.2

12,32962.0

Americas

4,874

138.1

6,405

252.4

2,681

55.0

3,863

60.3

EMEA

3,555

91.4

7,428

172.4

4,164

117.1

9,947

133.9

Asia Pacific

3,746

91.0

7,232

183.6

2,257

60.3

3,392

46.9

Total

23,233101.9

40,942207.5

15,655

67.4

29,532

72.1(5)Consolidated statement of cash flowsFirst
quarter
Cash flows fromoperating activities
Cash flows frominvesting activities
Cash flows fromfinancing activities
Cash and cash
equivalents

Fiscal year ended
March 31, 2023
SecondThird
quarterquarter

FourthquarterFirst
quarter(Millions of yen)
Fiscal year ended
March 31, 2024
SecondThird
Fourthquarterquarterquarter

(158)

3,590

479

3,097

(414)

-

-

-

(602)

(879)

(1,146)

(481)

78

-

-

-

(1,917)(384)(1,434)(666)(2,327)---

13,03915,521

13,01915,07012,969---(6)Capital expenditure
Fiscal year ended
March 31, 2023
Firstquarter
Consolidated

772

YoY
148.0

Full year
4,088

YoY
163.3

First
quarter
928(Millions of yen, %)Fiscal year ended
March 31, 2024
Full year
YoY
YoY(Forecast)
120.2

4,200

102.7

(7)Depreciation and amortization expense
Fiscal year ended
March 31, 2023
Firstquarter
Consolidated

841

YoY
105.0

Full year
3,544

YoY
108.6

First
quarter
946(Millions of yen, %)Fiscal year ended
March 31, 2024
Full year
YoY
YoY(Forecast)
112.5

3,900

110.0

(8)R&D expenseFirstquarter
Consolidated

691

Fiscal year ended
March 31, 2023
Sales
Full year
Ratio
3.4

2,958

- 12 -

Sales
Ratio
3.5

First
quarter
687(Millions of yen, %)Fiscal year ended
March 31, 2024
Sales
Full year
Sales
Ratio
(Forecast)
Ratio
3.8

3,100

3.8