Consolidated Financial Statements(Millions of yen)

Consolidated Statements of Financial
Position
AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Other financial assets
Investments accounted for by the equity method
Assets for retirement benefits
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Bonds and borrowings
Other financial liabilities
Liabilities for retirement benefits
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
CapitalCapital stock
Capital surplus
Treasury stock
Other components of equity
Retained earnings
Total equity attributable to owners of parent
Non-controlling interest
Total equity
Total liabilities and equity
92

Previous Consolidated Fiscal Year

Current Consolidated Fiscal Year(As of March 31, 2022)(As of March 31, 2023)

109,145
182,595
17,421
94,862
21,140425,165

105,268
185,640
4,380
99,171
24,646419,108

316,901
5,154
50,65015,642
5,741
18,706
21,340434,137
859,302327,838
5,240
50,23916,5293,581
18,021
24,740446,192
865,300

147,942
43,924
4,158
3,730
2,648
6,993
209,396

142,453
32,906
3,912
4,220
4,503
8,049
196,047

129,772
13,64532,420
3,233
5,304
2,734
187,111396,508

130,116
13,136
31,867
3,303
3,211
1,249
182,885
378,932

28,06924,465(1,233)42,433335,069
428,804
33,989462,794
859,302

28,09324,860(1,235)52,420344,275
448,41337,953486,367
865,300

About Toyoda Gosei

Value Creation Story

Value Creation Strategy

Foundation of Value Creation

Data(Millions of yen)Previous Consolidated Fiscal Year

Current Consolidated Fiscal Year

830,243(733,686)
96,557(64,050)
5,239(3,574)
34,172
5,912(2,651)
264
37,696(10,962)
26,734

951,877(836,299)
115,577(76,519)
4,472(8,460)35,0693,681(3,691)
263
35,323(14,274)
21,048Net income attributable toOwners of parent
Non-controlling interest
Net income

23,352
3,382
26,73416,004
5,043
21,048Net income per share
Basic earnings per share (EPS) (Yen)
Diluted earnings per share (Yen)

180.39180.38123.62
123.61

Consolidated Statements of Income
Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Operating profit
Financial income
Financial expenses
Equity in earnings of affiliates
Pre-tax profit
Income tax expense
Net income

April 1, 2021
( FromTo March 31, 2022 )April 1, 2022
( FromTo March 31, 2023 )(Millions of yen)

Consolidated Statements of Comprehensive
IncomePrevious Consolidated Fiscal Year

Current Consolidated Fiscal Year

26,734

21,048Remeasurement of defined benefit plans
Share of other comprehensive income of equity-method affiliates
Total items not reclassified to profit or loss

4,926
221
37
5,185(1,155)
397
1(756)

Items that may be reclassified into profit or loss
Exchange differences on translation of foreign operations
Share of other comprehensive income of equity-method affiliates
Total items that may be reclassified into profit or loss
Other comprehensive income, net of tax
Comprehensive income

20,533841
21,37526,56053,294

12,396460
12,857
12,101
33,150Comprehensive income attributable toOwners of parent
Non-controlling interest
Comprehensive income

48,251
5,043
53,294

26,397
6,753
33,150Net income

April 1, 2021
( FromTo March 31, 2022 )April 1, 2022
( FromTo March 31, 2023 )Other comprehensive income
Items not reclassified to profit or loss
Equity financial assets measured at fair value throughother comprehensive incomeT OYODA GOSEI REP OR T 20 2393

(Millions of yen)

Consolidated Statements of Changes in Equity

Capital stock

Balance as of April 1, 2021
Net income
Other comprehensive income
Total comprehensive income
Issuance of new shares
Repurchase of treasury stock
Dividends
Changes in interests in controlled subsidiaries
Change due to capital increase
Change in scope of consolidation
Transfer to retained earnings from othercomponents of equity
Total amount of transactions with owners
Balance as of March 31, 2022
Net income
Other comprehensive income
Total comprehensive income
Issuance of new shares
Repurchase of treasury stock
Dividends
Changes in interests in controlled subsidiaries
Change due to capital increase
Change in scope of consolidation
Transfer to retained earnings from othercomponents of equity
Total amount of transactions with owners
Balance as of March 31, 2023

Balance as of April 1, 2021
Net income
Other comprehensive income
Total comprehensive income
Issuance of new shares
Repurchase of treasury stock
Dividends
Changes in interests in controlled subsidiaries
Change due to capital increase
Change in scope of consolidation
Transfer to retained earnings from othercomponents of equity
Total amount of transactions with owners
Balance as of March 31, 2022
Net income
Other comprehensive income
Total comprehensive income
Issuance of new shares
Repurchase of treasury stock
Dividends
Changes in interests in controlled subsidiaries
Change due to capital increase
Change in scope of consolidation
Transfer to retained earnings from othercomponents of equity
Total amount of transactions with owners
Balance as of March 31, 2023

94

Millions of yen

28,046
−−−
23−
−−
−−

Equity attributable to owners of parent
Other components of equity
Equity financial
Exchange
assets measured at Remeasurement
Capital surplus Treasury stock
differences onfair value through of defined benefit
translation ofother comprehensive
plans
foreign operations
incomeMillions of yen
Millions of yen
Millions of yen
Millions of yen
Millions of yen

25,626−−−23−−(1,184)−−(1,232)
−
−
−
−
(1)
−
−
−
−

(1,356)−
19,735
19,735
−
−
−
−
−
29

19,116
−
4,910
4,910
−
−
−
−
−
−

−
−
253
253
−
−
−
−
−
−

−

−

−

−

−

(253)

23
28,069
−
−
−
23
−
−
−
−
−

(1,161)
24,465
−
−
−
23
−
−
288
−
82

(1)(1,233)
−
−
−
−
(1)
−
−
−
−

29
18,407−
11,162
11,162−
−
−
−
−
−

−
24,026−(1,149)(1,149)
−
−
−−
−
−

(253)
−
−
379
379
−
−
−
−
−
−

−

−

−

−

(26)

(379)

23
28,093395
24,860(1)(1,235)−29,570(26)
22,849(379)−

Equity attributable to owners of parent
Other components
Retainedof equity
Total
earnings
Total
Millions of yen
Millions of yen
Millions of yen

Noncontrollinginterest
Millions of yen

Millions of yen

29,372
3,382
1,661
5,043
−
−
(2,593)
1,606176
383

Total

17,759−24,89924,899−−−−−29

320,883
23,352−
23,352−−(9,063)−−(355)

391,083
23,352
24,89948,25146(1)(9,063)(1,184)−(326)

420,455
26,73426,56053,29446(1)(11,657)
421
176
57

(253)

253

−

−−

(224)
42,433−
10,392
10,392−−−−−−(9,165)335,069
16,004−16,004−−(7,122)−−(82)(10,529)
428,804
16,004
10,392
26,39747(1)(7,122)
288
−
−

(426)
33,989
5,043
1,709
6,753
−
−
(2,868)40
39−(10,955)
462,794
21,048
12,101
33,15047(1)(9,990)
328
39−

(406)

406

−

−−

(406)
52,420(6,799)344,275(6,788)448,413(2,788)37,953(9,576)486,367

About Toyoda Gosei

Value Creation Story

Value Creation Strategy

Foundation of Value Creation

Data(Millions of yen)Previous Consolidated Fiscal Year

Current Consolidated Fiscal Year

Pre-tax profit

37,69635,323

Depreciation and amortization

41,94447,633−

3,955

Consolidated Statements of Cash Flow

April 1, 2021
( FromTo March 31, 2022 )April 1, 2022
( FromTo March 31, 2023 )Cash flow from operating activities

Impairment loss (or reversal)
Increase (decrease) in provisions(1,411)

119

Increase (decrease) in liabilities for retirement benefits

(414)

1,316

Decrease (increase) in assets for retirement benefits(2,240)300

Financial income(5,235)(7,610)Financial expenses

2,566

3,623

Equity in (gains) losses of affiliated companies

(264)

(263)

75

230

Decrease (increase) in inventories

Loss (gain) on sales of non-current assets(15,789)(636)

Decrease (increase) in trade and other receivables(25,283)

1,354

Increase (decrease) in trade and other payables

13,718(11,212)

Other(8,344)(5,670)37,01968,464

Interest income received

1,740

2,489

Dividends received

1,178

1,202

Interest expenses paid

(2,582)(3,603)

Income taxes paid

(9,697)(14,578)

Cash flow from operating activities

27,65853,973

Subtotal

Cash flow from investing activities
Payments into time deposits(20,189)(4,882)

Proceeds from withdrawal of time deposits

13,297

19,623Purchase of property, plant and equipment and intangible assets(51,728)(46,129)

Proceeds from sales of property, plant and equipment and intangible assets

1,206

1,615

Purchase of investments(1,357)(1,028)(656)(1,149)(59,427)(31,952)

Proceeds from short-term borrowings

54,362

20,703

Repayment of short-term borrowings(34,138)(48,450)

Proceeds from long-term loans payable

24,41531,307

Repayment of long-term borrowings(27,868)(18,461)

Repayment of lease liabilities(3,073)(4,197)

Dividends paid

(9,071)(7,120)

Dividends paid to non-controlling interests(2,593)(2,706)

−367

Other
Cash flow from investing activities
Cash flow from financing activities

Proceeds from payments from non-controlling interests
Other
Cash flow from financing activities

175

(1)

2,206

(28,558)

Net increase (decrease) in cash and cash equivalents(29,562)(6,537)

Cash and cash equivalents at beginning of year

134,003

109,145

4,704

2,660

109,145

105,268

Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at end of year

T OYODA GOSEI REP OR T 20 2395