Note: This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

November 13, 2023

Consolidated Financial Results
for the Six Months Ended September 30, 2023
(Under Japanese GAAP)
Company name:
YUASA TRADING CO., LTD.
Listing:
Tokyo Stock Exchange
Securities code:
8074
URL:
https://www.yuasa.co.jp/english/index.html
Representative:
Hiroyuki Tamura, Representative Director, President & CEO
Inquiries:
Hideki Tani, General Manager Finance Dept.
Telephone:+81-3-6369-1366
Scheduled date to file quarterly securities report:
November 14, 2023
Scheduled date to commence dividend payments:
December 5, 2023
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes (for institutional investors and analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to
September 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Six months ended(Percentages indicate year-on-year changes.)

Operating profit

Millions of yen%

Millions of yen

Profit attributable toowners of parent

Ordinary profit%

Millions of yen%

Millions of yen%

September 30, 2023

246,210

5.2

5,919

15.3

6,403

12.7

6,499

77.4

September 30, 2022

234,018

10.8

5,134

15.2

5,684

51.5

3,663

36.3

Note: Comprehensive income

For the six months ended September 30, 2023:
For the six months ended September 30, 2022:

Basic earnings
per share
Six months ended¥5,477 million¥3,848 million[42.3%][182.5%]

Diluted earnings
per share
Yen

Yen

September 30, 2023

308.91

307.66

September 30, 2022

167.11

166.31(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

September 30, 2023

273,071

98,496

35.9

March 31, 2023

271,218

95,24034.9

Reference:

EquityAs of September 30, 2023:
As of March 31, 2023:¥97,959 million¥94,677 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Yen

Yen

–

60.00

–

80.00

140.00

–

86.00
–

96.00

182.00Fiscal year ending
March 31, 2024
(Forecast)Fiscal year-end

Total

Note: Revisions to the forecast of cash dividends most recently announced: Yes

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024 (from April 1, 2023 to March
31, 2024)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Full year

523,000

Operating profit

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen% Millions of yen

3.6

5.5

6.6

15,400Note: Revisions to the earnings forecasts most recently announced: Yes

16,40012,400

Basic earnings
per share

%

Yen

23.0

589.32

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

22,100,000 shares

As of March 31, 2023

23,155,882 shares(ii) Number of treasury shares at the end of the period
As of September 30, 2023

1,098,534 shares

As of March 31, 2023

2,041,301 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Six months ended September 30, 2023

21,041,221 shares

Six months ended September 30, 2022

21,921,179 shares

Note: The shares of the Company held by the “Board Incentive Plan (BIP) Trust” are included in the number of treasury
shares at the end of the period (227,716 shares as of September 30, 2023 and 171,096 shares as of March 31,2023). Also, the shares of the Company held by the “Board Incentive Plan (BIP) Trust” are included in treasury
shares that are deducted for calculation of the average number of shares outstanding during the period(cumulative from the beginning of the fiscal year) (185,223 shares for the six months ended September 30, 2023
and 180,007 shares for the six months ended September 30, 2022).

* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters(Caution regarding forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in this document are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. Thesestatements do not purport that the Company pledges to realize such statements. Actual business and otherresults may differ substantially due to various factors. For the suppositions that form the assumptions forearnings forecasts and cautions concerning the use thereof, please refer to “1. Qualitative Information
Regarding Results for the First Six Months, (3) Explanation of consolidated earnings forecasts and otherforward-looking statements” on page 5 of the attached material.
(Means of access to contents of financial results briefing)
The Company plans to hold a financial results briefing for institutional investors and analysts on Tuesday,
November 21, 2023. The materials for this briefing is to be posted on the Company’s website promptly after thebriefing.

Attached Materials
1.

Qualitative Information Regarding Results for the First Six Months ......................................................................... 2(1) Explanation of operating results.............................................................................................................................. 2(2) Explanation of financial position ............................................................................................................................ 5(3) Explanation of consolidated earnings forecasts and other forward-looking statements .......................................... 5

2.

Quarterly Consolidated Financial Statements and Significant Notes Thereto ............................................................ 6(1) Consolidated balance sheet ..................................................................................................................................... 6(2) Consolidated statement of income and consolidated statement of comprehensive income .................................... 8
Consolidated statement of income (cumulative) ..................................................................................................... 8
Consolidated statement of comprehensive income (cumulative) ............................................................................ 9(3) Consolidated statement of cash flows ................................................................................................................... 10(4) Notes to quarterly consolidated financial statements ............................................................................................ 12
Notes on going concern assumption...................................................................................................................... 12
Notes on significant changes in the amount of shareholders’ equity .................................................................... 12
Segment information ............................................................................................................................................. 13

1

1. Qualitative Information Regarding Results for the First Six Months(1) Explanation of operating results
During the six months under review (April 1, 2023 to September 30, 2023), despite progress toward thenormalization of economic activities and gradual recovery in the business climate, the outlook for theJapanese economy remained uncertain due to the protracted situation in Ukraine, soaring raw material andenergy prices, as well as the depreciation of the yen.
In the industrial field, production recovered in automobile-related industries as the negative effects ofsemiconductor shortages on production waned, and demand for capital investment remained steady,particularly for EV products. In semiconductor-related industries, on the other hand, there was a trend of
cautiousness toward capital investment due to a sense that demand was fulfilled. In the housing andconstruction field, public and private capital investment remained firm, but new housing starts, mainly forowner-occupied houses, remained weak.
In overseas countries, although prices of parts and raw materials and personnel expenses increased, theeconomies of the U.S. and Southeast Asian countries such as Thailand, India, and Indonesia showed a trend
toward gradual recovery. In China, movement toward economic recovery came to a standstill.
Under these circumstances, the Group has launched a new medium-term management plan, “Growing
Together 2026,” covering the three-year period from April 2023 to March 2026, which constitutes the thirdand final stage of realizing the “Yuasa Vision 360,” our ideal state for the 360th anniversary of theCompany’s founding in 2026. We will promote business reforms based on “corporate culture reform,” “DX
promotion,” and “sustainability promotion,” with the aim of enhancing corporate value by developing
market-out businesses addressing both sales of products and sales of services in the fields of manufacturing,home building, environment building, and town building.
Under “corporate culture reform,” we are advancing the YUASA PRIDE Project (Work Satisfaction
Increasing & Regard for the Individual Project) to increase employee engagement and develop humanresources capable of solving social issues through “Tsunagu” value-chain innovation. Also, as a measure forcreating environments that make it easy to demonstrate comprehensive strengths, challenges andcommunication, we have launched a project for the construction of a new head office.
Under “DX promotion,” we will support business transformation by building a data utilization infrastructure,developing DX talent, reforming business processes, and creating innovation.
Under “Sustainability promotion,” we aim to reduce the Group’s CO2 emissions by 30% by March 2026,
and accelerate the carbon neutral promotion business. In May 2023, we joined the “GX League,” which is
working toward the transformation of economic and social systems. Also, we are introducing energy-saving
facilities overseas using the Joint Crediting Mechanism (JCM), and we will deliver our first solar power
generation system outside of Asia in Mexico.
As part of the promotion of our growth strategy, we expanded sales of robots and automation equipment, andwe jointly developed the “Unmanned Concrete Sprinkling and Curing Management Robot” and “Line
Automation Using a Rewritable Laser System.” Also, in September 2023, we started sale of GCCP (Green
control for coolant pump) that was developed in-house and for which we have already obtained a patent.
As a result, consolidated net sales for the six months under review increased 5.2% from the same period of
the previous year, to ¥246,210 million. In terms of profits, operating profit was ¥5,919 million (up 15.3%
year on year), ordinary profit was ¥6,403 million (up 12.7% year on year), and profit attributable to ownersof parent was ¥6,499 million (up 77.4% year on year) mainly due to the recording of gain on return ofretirement benefit trust.
Results by reportable segment are as follows:<Industrial Equipment & Tools Division>
In the Industrial Equipment & Tools Division, although there was a sense that a certain amount ofsemiconductor demand was fulfilled and plant utilization rates in related industries declined, demand forcapital investment, particularly in equipment related to energy saving, was steady, resulting in sales growth.
On the other hand, material and fuel costs continued to soar, which had an impact on purchase prices.
Under these circumstances, we promoted efforts for production sites to become carbon neutral, expanding
sales of control-related equipment such as compressors with high energy-saving performance, and focused2

on proposals for automation and streamlining of production sites, such as local 5G solutions aimed atrealizing smart factories, and as a result, net sales were ¥38,693 million (up 4.4% year on year).
<Machine Tools Division>
In the Machine Tools Division, cases of capital investment in automobile-related industries, especially inEVs, and in related devices, such as on-vehicle semiconductors, were firm, and business negotiations related
to energy and aircraft increased. On the other hand, demand for semiconductors for PCs and smartphones
was sluggish, and demand for capital investment in related industries stagnated. Overseas, despite anincrease in demand focused on automation and carbon neutrality, the slowdown in economic growth in the
Chinese market had an impact.
Under these circumstances, net sales were ¥57,714 million (up 9.2% year on year) as a result of thepromotion of proposals incorporating “Robo Combo,” the Company’s original robot system that responds toneeds for tackling personnel shortages, realizing automation using robots, and labor-saving, as well as our
focus on expanding sales of carbon neutral products, such as next-generation energy-saving units.
<Housing, Air & Fluidic Control Systems Division>
In the Housing, Air & Fluidic Control Systems Division, while the number of new housing starts, especiallyowner-occupied ones, continued to gradually decline, demand for remodeling remained firm, and housing
fixtures and pipes/joints products moved solidly. Additionally, sales of equipment related to air conditioning
and sales in the renewable energy field were strong due to increasing demand focused on addressing risingenergy costs and carbon neutrality.
Under these circumstances, net sales were ¥86,729 million (up 6.3% year on year) as a result of sales of
fixtures related to medium- and high-end housing, pipes/joints products for non-residential fields, highperformance equipment related to air conditioning, solar panels, storage batteries, peripheral devices, andother related products, as well as efforts to strengthen system proposals and engineering functions.
<Building Supplies & Exterior Division>
For the Building Supplies & Exterior Division, sales of building hardware products and exterior products
such as aluminum privacy fences remained strong due to an increase in redevelopment projects andcondominium and hotel construction, mainly in the Tokyo metropolitan area, as well as an increase in theconstruction of logistics facilities. Publics works investment also demonstrated underlying strength,
particularly for products for countermeasures against natural disasters and traffic accidents.
Under these circumstances, the division focused on proposing and expanding sales of resilience products,
including bollards with flood sensors, water stop plates, and other equipment, as a measure against damage
from flash torrential rains, as well as vehicle number authentication gates, “SAI-GATE,” for improved
security and labor saving, and fabrication hardware related to construction, resulted in net sales of ¥25,153
million (up 7.5% year on year).
<Construction Machines Division>
For the Construction Machines Division, private capital investment remained steady, along with public
works projects such as infrastructure development and disaster prevention/mitigation works. On the other
hand, we continued to see soaring material and energy prices, construction delays due to a shortage of
construction skilled workers, and long delivery times for construction equipment.
Under these circumstances, the Company expanded sales of CO2 visualization products for construction
sites, strengthened its proposals of solutions for safe construction at construction and agricultural sites, andproposals of AI image analysis technology for labor saving and efficiency improvement, and also expanded
sales of products imported from overseas. In addition, we strove to expand our used construction andagricultural machines auction business, and enhanced container house manufacturing, and construction
machines maintenance and rental functions, resulting in net sales of ¥18,107 million (up 5.3% year on year).

3

<Energy Division>
In the Energy Division, amid a decline in demand for gasoline due to the spread of fuel-efficient vehicles,
crude oil prices remained high, while prices for petroleum products such as gasoline and diesel oil alsosoared as a result of the gradual shrinking of fuel oil subsidies.
Under these circumstances, the gas station retail business, which operates mainly in the Tokai region, worked
to strengthen car care services such as car washing, automobile inspections, and coatings. In addition, we
made efforts to strengthen sales of marine fuel in the Keihin area, resulting in net sales of ¥9,502 million(down 0.3% year on year).
<Others>
In other segments, in the consumer goods business, sales of seasonal household appliances, especially newmodel circulators and electric fans, increased due to factors such as the effects of extremely hot weather
across Japan. At the same time, in the online sales business, we responded to diversifying consumer needs byproactively incorporating new products. In the wood products business, the number of detached housing
starts remained sluggish, resulting in a decline in demand for both imported and domestic timber. Withinthese difficult sales conditions for core products, we focused on building new sales networks for domestic
timber and developing private-brand products, but net sales were ¥10,308 million (down 16.8% year onyear).

4

(2) Explanation of financial position(i)

Assets, liabilities and net assets

As of September 30, 2023, total assets were ¥273,071 million, an increase of ¥1,852 million from the end of
the previous fiscal year. This was primarily due to an increase in land of ¥30,422 million, while cash anddeposits decreased by ¥13,036 million and notes receivable, accounts receivable - trade and contract assets
decreased by ¥11,123 million.
Total liabilities decreased by ¥1,403 million from the end of the previous fiscal year, to ¥174,574 million.
This was mainly due to a decrease of ¥7,370 million in notes and accounts payable - trade, despite anincrease of ¥3,439 million in long-term borrowings.
Total net assets increased by ¥3,256 million from the end of the previous fiscal year, to ¥98,496 million. Thiswas mainly due to an increase of ¥2,159 million in retained earnings while there was a decrease of ¥2,308
million in remeasurements of defined benefit plans due to partial termination of the retirement benefit trust.
As a result, the equity-to-asset ratio was 35.9% (34.9% at the end of the previous fiscal year).
(ii) Cash flows
Cash and cash equivalents (hereinafter, “cash”) as of September 30, 2023 decreased by ¥13,039 million fromthe end of the previous fiscal year to ¥39,356 million.
The respective cash flow positions for the six months ended September 30, 2023, and the factors thereof are
as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was ¥15,793 million (up ¥14,144 million year on year). This was
mainly due to decrease in retirement benefit asset caused by a partial termination of retirement benefit trust
which increased net cash by ¥10,665 million and led to the recording of gain on return of retirement benefit
trust of ¥3,255 million, as well as the recording of profit before income taxes of ¥9,693 million, decrease intrade receivables of ¥9,609 million, despite a ¥5,340 million decrease in trade payables.
(Cash flows from investing activities)
Net cash used in investing activities was ¥31,175 million (up ¥30,798 million year on year). This wasprimarily due to the recording of purchase of property, plant and equipment of ¥29,882 million.
(Cash flows from financing activities)
Net cash provided by financing activities was ¥2,044 million (a difference of ¥5,404 million compared withnet cash used of ¥3,359 million in the same period of the previous fiscal year). This was primarily due toproceeds from long-term borrowings of ¥5,000 million, despite the recording of dividends paid of ¥1,702
million and purchase of treasury shares of ¥528 million.
(3) Explanation of consolidated earnings forecasts and other forward-looking statements
Regarding the consolidated earnings forecasts for the fiscal year ending March 31, 2024, the Company has
revised its full-year consolidated earnings forecasts and dividend forecasts for the fiscal year ending March
31, 2024, which were announced on May 12, 2023.
For details, please refer to “Notice Concerning Revisions to Full-Year Consolidated Earnings Forecasts andDividend Forecasts for the Fiscal Year Ending March 31, 2024” announced today.
Furthermore, the earnings forecasts were created based on information which is currently available on the
day of the announcement, and the actual performance and results may differ from the forecast values andoutlook.

5

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto(1) Consolidated balance sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of September 30, 2023

52,44839,412

121,334

110,21030,15718,4803,667(89)225,997

31,83819,373
7,062(82)
207,814

7,774
6,325
14,09938,196
5,284
43,481

1,369
1,305
2,675

1,037
2,437
3,474

28,787(341)
28,44545,220271,218

18,644(343)
18,30065,256
273,071

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
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-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

7

As of September 30, 2023

98,68451,443
3,273
5,682
2,960

91,31453,628
4,192
1,620
2,653

77

–

8,401
170,523

11,855
165,265

417
227

3,857
238

180

171

1,070
3,557
5,454
175,977

1,058
3,982
9,309
174,574

20,644
6,837
67,273(5,301)89,453

20,644
6,753
69,432(3,068)93,761

2,349
(96)
505
2,465
5,224
165
397
95,240271,218

3,062
63
914
156
4,197
145
391
98,496
273,071(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income (cumulative)(Millions of yen)Six months ended
September 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on liquidation of subsidiaries and associates
Gain on return of retirement benefit trust
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on liquidation of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

8

Six months ended
September 30, 2023

234,018
209,747
24,271
19,137
5,134

246,210219,659
26,551
20,631
5,919

805
139
149
1,094

785
165
166
1,117

490
53
544
5,684

514
118
633
6,403

3
–
–
–
3

1
12
19
3,255
3,289

23
6
4
5
39
5,647
1,982
3,664
1
3,663

–
0
–
–
0
9,693
3,189
6,503
4
6,499

Consolidated statement of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
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 owners of parent
Comprehensive income attributable to non-controllinginterests

9

Six months ended
September 30, 2023

3,664

6,503

(1)
(28)
647
(435)
183
3,848

712
160
408
(2,308)(1,026)
5,477

3,845

5,473

3

3

(3) Consolidated statement of cash flows(Millions of yen)Six months ended
September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Loss on liquidation of subsidiaries and associates
Loss (gain) on liquidation of subsidiaries and associates
Gain on return of retirement benefit trust
Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for
directors (and other officers)
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in long term money claims
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Loan advances
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities

10

Six months ended
September 30, 2023

5,647
697
381
20
6
–
4
5
–
–
(676)
46
12
(205)

9,693
668
331
(1)
0
(12)
–
–
(19)
(3,255)
10,665
(18)
(4)
(307)

(70)

(77)

1

11

(13)

(9)

(945)
490
14,573(3,223)(11,767)
40
(899)
4,126
946
(513)
(2,909)
1,648

(950)
513
9,609
(732)
(5,340)5
238
21,006951(513)(5,650)15,793

(56)
61
(339)
3
(60)
83
(43)
–
(12)
–
(11)
(377)

(5)
2
(29,882)41(1,321)
–
(50)
16
(33)
32
24
(31,175)

(Millions of yen)Six months ended
September 30, 2022
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

11

Six months ended
September 30, 2023

18
–
(45)
(42)
(1,628)(1,649)(11)(3,359)

(79)
5,000
(564)
(64)
(528)
(1,702)
(15)
2,044

370

297

(1,717)53,53651,819(13,039)
52,39539,356

(4) Notes to quarterly consolidated financial statements
Notes on going concern assumption
No item to report.
Notes on significant changes in the amount of shareholders’ equity(Cancellation of treasury shares)
Based on the resolution of the Board Directors meeting held on May 12, 2023, the Company cancelled
1,055,882 treasury shares on May 31, 2023. As a result, during the six months ended September 30, 2023,
capital surplus decreased by ¥83 million, retained earnings decreased by ¥2,627 million, and treasury shares
decreased by ¥2,710 million.

12

Segment informationI.

Six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)
1. Information on the amount of net sales and profit/loss for each reportable segment(Millions of yen)
Reportable segments
Housing,
Air &Building
Construction
Fluidic Supplies &Machines
Control
Exterior
Systems

Amount recorded in
the quarterly
consolidated
statement of income(Note 3)

EnergyTotal

17,1899,533

221,634

12,384

234,018–

234,018

2,410

2,095

20

17,217

182

17,399(17,399)–

85,85725,804

19,2859,554

238,851

12,566

251,418(17,399)

234,018

2,360

914

486

106

7,038

23

7,061

(1,927)

5,134

Industrial
Equipment& Tools

MachineTools

Net sales
Sales to externalcustomers
Intersegment sales
or transfers

37,06052,874

81,582

23,394

6,181

2,233

4,275

Total

43,241

55,107

Segment profit

941

2,229

Notes:

Total

Adjustment(Note 2)Others(Note 1)

1. The classification “Others” is a segment of business not included in the reportable segments and includes businesses
selling lifestyle-related products and wood products.
2. The adjustment of the segment profit of negative ¥1,927 million represents mainly costs related to the administration
division of the Company that has not been attributed to a reportable segment.
3. Segment profit is adjusted to operating profit as recorded on the quarterly consolidated statement of income.

2. Information on impairment losses on non-current assets, goodwill, etc. for each reportable segment
No item to report.

II. Six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)
1. Information on the amount of net sales and profit/loss for each reportable segment(Millions of yen)
Reportable segments
Housing,
Air &Building
Construction
Fluidic Supplies &Machines
Control
Exterior
Systems

Total

Adjustment(Note 2)

Amount recorded in
the quarterly
consolidated
statement of income(Note 3)

EnergyTotal

Others(Note 1)

18,107

9,502

235,902

10,308

246,210–

246,210

2,645

2,531

19

20,659171

20,830(20,830)–

92,226

27,79920,638

9,522

256,561

10,479267,041(20,830)

246,210

2,887

872

490

70

7,827

143

7,970

(2,050)5,919

Industrial
Equipment& Tools

MachineTools

38,69357,71486,72925,153

7,125

2,840

5,497

Total

45,81960,555

Segment profit

1,056

2,449

Net sales
Sales to externalcustomers
Intersegment sales
or transfers

Notes:

1. The classification “Others” is a segment of business not included in the reportable segments and includes businesses
selling lifestyle-related products and wood products.
2. The adjustment of the segment profit of negative ¥2,050 million represents mainly costs related to the administration
division of the Company that has not been attributed to a reportable segment.
3. Segment profit is adjusted to operating profit as recorded on the quarterly consolidated statement of income.

2. Information on impairment losses on non-current assets, goodwill, etc. for each reportable segment
No item to report.
3. Matters related to changes in reportable segments
During the third quarter of the fiscal year ended March 31, 2023, an absorption-type merger between
YUASAQUOBIS CO., LTD. and TOYOSANGYO CO., LTD., the Company’s consolidated subsidiaries, inwhich YUASAQUOBIS CO., LTD. is the surviving company, was conducted. In conjunction with this, theCompany has changed the method of classifying the business of TOYOSANGYO CO., LTD., which waspreviously included in the Building Supplies & Exterior segment, to include it in the Housing, Air & Fluidic

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Control Systems segment. Segment information for the six months ended September 30, 2022 has been
prepared based on the segments after the change.

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