Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2023
(J-GAAP)
August 8, 2022
Company name: T.RAD Co., Ltd.
Listing: Tokyo Stock Exchange, Prime Market
Code No.:
7236
URL: http://www.trad.co.jp
Representative: Tomio Miyazaki, President & CEO & COO
Contact:
Norio Kanai, Managing Director & CFO
Tel:+81-3-3373-1101
Scheduled date of filing of 1st quarter securities report:
August 9, 2022
Scheduled date of start of dividend payments:―
Supplemental materials prepared for consolidated financial results: None
Briefing on consolidated financial results: None
(Amounts less than one million yen have been truncated)

1. Consolidated Financial Performance for the 1st Quarter of Fiscal Year Ending March 31, 2023
(April 1, 2022 to June 30, 2022)(1) Consolidated operating performance(Percentage figures indicate year-on-year change)
Net sales
Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen

Three months ended
35,553
8.2
1,008
-55.0
1,752
June30, 2022
Three months ended
32,874
30.2
2,239
2,272
―
June30, 2021
Note: Comprehensive income
Three months ended June 30, 2022: ¥ 2,759 million (1.4%)
Three months ended June 30, 2021: ¥ 2,720 million (―%)
Net income per share
Diluted net income per share
Three months ended
June30, 2022
Three months ended
June30, 2021

Yen

Yen

143.36―181.14―(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen
%

-22.9

936

-28.5

―

1,310

―

Equity ratio

Net assets per share

Millions of yen%

Yen

48,70746.8

7,094.53

46,73247.5

6,810.22

Three months ended
98,963
June30, 2022
Fiscal year ended
93,756
March 31, 2022
Reference: Shareholders’ equity
As of June 30, 2022: ¥46,361 million
As of March 31, 2022 : ¥44,504 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Fiscal year ended
40.00
―
―
March 31, 2022
Fiscal year ending―
March 31, 2023
Fiscal year ending
March 31, 2023
80.00―
(Forecast)
Note: Revisions to the forecast of dividends since the latest official announcement: No

1

Year-end
Yen

Total
Yen

120.00160.0080.00

160.003. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2023
(April 1, 2022 to March 31, 2023)(Percentage figures indicate changes from the same period of the previous year)

Net sales
Millions ofyen%Operating income

Ordinary income

Millions ofyenMillions of
yen

%

%

Profit attributable toowners of parent
Millions of
yen

%

Net
incomeper shareYennd

2 Quarter ending
75,00014.4
1,400 -59.0
1,700
-51.2
200
-89.3
30.60
September 30, 2022
Fiscal year ending
158,400
18.6
4,200 -16.7
4,600
-23.3
1,500
-58.3
229.54
March 31, 2023
Note: Revisions to the forecast of consolidated financial performance since the latest official announcement: No

4. Other(1) Changes in significant subsidiaries during the current quarter(changes in specific subsidiaries resulting in changes in the scope of consolidation): None
(2) Adoption of specific accounting policies for quarterly consolidated financial statements: None
(3) Changes in accounting principles, estimation procedures or presentation methods
1) Changes associated with revision of accounting standards: None
2) Changes other than 1): None
3) Changes accounting estimation procedures: None
4) Changes in presentation methods: None
(4) Number of shares issued and outstanding (common stock)1) Number of shares issued and outstanding at end of period (including treasury stock)
As of June 30, 2022: 6,712,411 shares
As of March 31, 2022: 6,712,411 shares
2) Number of shares of treasury stock at end of period
As of June 30, 2022: 177,650 shares
As of March 31, 2022: 177,519 shares
3) Average number of shares outstanding during the period
Three months ended June 30, 2022: 6,534,843 shares
Three months ended June 30, 2021: 7,234,852 shares* The consolidated financial results presented herein are not subject to the audit procedures by certified public
accountant or audit firm.
* Explanations for proper use of forecasts and other specific affairs
The forward-looking statement such as forecast of financial performance etc. described in this report basedon information currently available and certain assumptions judged to be reasonable. Actual performance
may differ significantly from these projections due to various factors.

2

Table of Contents
1. Qualitative Information for the First Quarter of Fiscal Year Ending March 31, 2023 ····························· 4(1) Consolidated financial performance ················································································ 4(2) Consolidated financial position ····················································································· 5(3) Future projections including forecasts of consolidated financial performance ········································· 5
2. Quarterly Consolidated Financial Statements and main notes ························································ 6(1) Quarterly consolidated balance sheets ·············································································· 6(2) Quarterly consolidated statements of income andquarterly consolidated statement of comprehensive income ········································· 8(Quarterly consolidated statements of income) ·································································· 8(Quarterly consolidated statement of comprehensive income) ··············································· 10(3) Quarterly consolidated statements of cash flows ································································ 11(4) Notes to quarterly consolidated financial statements ··························································· 13(Going concern assumptions) ······················································································ 13(Notes in the event of significant changes in shareholders’ equity) ··········································· 13(Additional information) ··························································································· 13(Segment information) ····························································································· 14
3. Supplementary information
Sales states (consolidated) ························································································· 16

31. Qualitative Information for the First Quarter of Fiscal Year Ending March 31, 2023
(1) Consolidated financial performance
The economic environment during the first quarter of the current consolidated cumulative period showed signs ofrecovery from the last year’s COVID 19 pandemic. However, the situation remained difficult due to the prolonged Russian
invasion of Ukraine, deteriorating product demand in China following the Shanghai lockdown, a shortage ofsemiconductors, and soaring raw material prices. There is concern that uncertainty will continue.
Under the circumstances, the net sales of the T.RAD Group (on a foreign currency basis) increased from the same
period of the previous year except Europe and China. Operating income decreased in all regions due to soaring costs ofmaterials and parts etc. The profit attributable to owner of parent decreased from the same period of the previous year.
As a result, net sales during the consolidated cumulative first quarter increased by 2,679 million yen from the previous
fiscal year, amounting to 35,553 million yen (up 8.2% year on year), operating income decreased by 1,231 million yen,amounting to 1,008 million yen (down 55.0% year on year), ordinary income decreased by 519 million yen, amounting to
1,752 million yen (down 22.9% year on year) and profit attributable to owners of parent decreased by 373 million yen,amounting to 936 million yen (down 28.5% year on year).
The segment results are as follows.
The book-closing date for the consolidated subsidiaries for the first three months of the fiscal year under review isMarch 31. In preparing the consolidated financial statements, the financial statements as of, and for the three-month period
ended on this date were used. With respect to material transactions conducted during the period between this date and thebook-closing date for consolidated accounting, we have made adjustments as necessary for consolidated accounting. The
segments relevant to such adjustments include the United States, Europe, Asia and China.
Domestic subsidiaries have the same settlement date that coincides with the last day of the consolidated fiscal year. The
corresponding segment is Other.
Net Sales
Three months Three months
ended
ended
June 30, 2021 June 30, 2022

Japan
United States

Europe
Asia
China
Other
(including
eliminations)Operating Income (Loss)

Increase/
Decrease

Percentage change(on a foreign
currency basis)*(%)(Millions of yen)

(Millions of yen)

(Millions of yen)

14,611
7,444
1,082
4,014
5,673

15,053
8,669
1,155
4,710
5,927

441
1,224
72
696
254

47

38

-9

Three months Three months
ended
ended
June 30, 2021 June 30, 2022

Increase/
Decrease

Percentage change(on a foreign
currency basis)*(%)(Millions of yen)

(Millions of yen)

(Millions of yen)

3.0
5.3
-3.2
8.6
-7.7

467
(50)
54
756
938

394
(403)
(240)
688
590

-73
-352
-294
-67
-348

-15.7
-618.1
－
-14.8
-45.0

-19.1

73

(21)

-94

－

Total
32,87435,553
2,679
2.0
2,239
1,008
-1,231-58.5*The percentage changes (on a foreign currency basis) in the chart are the percentage changes after correcting for differences
arising from fluctuations in the foreign exchange rates applicable to overseas net sales.
(i) Japan
Net sales of products for automobile industry and construction industrial machines were increased from the same period of
the previous year due to an increase in orders etc. As a result, the net sales in the Japan segment increased by 441 million
yen, resulting in 15,053 million yen.
Operating income decreased by 73 million yen from the same period of the previous year due to soaring costs ofmaterials and parts etc., resulting in 394 million yen.
(ii) United States
Net sales of products for automotive industry increased from the same period of the previous year due to thecommencement of mass production of models for which orders were newly received. Net sales of construction industrial
machines decreased from the same period of the previous year due to a decrease in orders etc. As a result, the net sales in
the United States segment increased by 1,224 million yen from the same period of the previous year, resulting in 8,669
million yen. On a foreign currency basis, it increased by 5.3%.
Operating income decreased by 352 million yen year-on-year, resulting in operating loss of 403 million yen due tosoaring costs of materials and parts, as well as increased distribution costs. On a foreign currency basis, it decreased by
618.1%.

4

(iii) Europe
Net sales of products for automobile industry in the Czech Republic were affected by a shortage of semiconductors anddelays in component supply. Due to a decrease in orders from major customers, the net sales in this segment decreased by
3.2% on a foreign currency basis. However, the net sales increased by 72 million yen year-on-year to 1,155 million yen due
to the currency impact.
Operating income decreased by 294 million yen year-on-year, resulting in operating loss of 240 million yen due tosoaring costs of materials and parts.
(iv) Asia
Net sales of products for automobile industry increased from the same period of the previous year due to the start of themass production of newly ordered models in Thailand and increased orders in Indonesia and Vietnam. As a result, the net
sales in the Asia segment increased by 696 million yen from the same period of the previous year, resulting in 4,710 million
yen. On a foreign currency basis, it increased by 8.6%.
Operating income decreased by 67 million yen from the same period of the previous year due to soaring costs ofmaterials and parts etc., resulting in 688 million yen. On a foreign currency basis, it decreased by 14.8%.
(v) China
Net sales of products for automobile industry increased from the same period of the previous year due to increasing orders
from Japanese customers despite lower sales of commercial vehicles. Net sales of products for construction industrial
machines decreased from the same period of the previous year, due to a decrease in orders etc. As a result, the net sales inthis segment increased by 254 million yen from the same period of the previous year, to 5,927 million yen, partly due to theimpact of foreign exchange rates, despite a 7.7% decrease on a foreign currency basis.
The operating income decreased by 348 million yen from the same period of the previous year due to soaring costs ofmaterials and parts etc., resulting in 590 million yen. On a foreign currency basis, it decreased by 45.0%.
(2) Consolidated financial position
1) Assets, liabilities and net assets
Total assets at the end of current first quarter of the fiscal year under review resulted in 98,963 million yen (up 5,207
million yen from the end of the previous fiscal year) due to the increase of inventories, tangible fixed assets and accounts
receivable-trade etc.
Total liabilities resulted in 50,256 million yen (up 3,232 million yen) due to the increase of accounts payable-trade andlong-term loans payable etc.
Net assets resulted in 48,707 million yen (up 1,975 million yen) due to the increase of foreign currency translation
adjustment and retained earnings etc.
2) Cash flows
Cash and cash equivalents at the end of the current first quarter of the fiscal year under review totaled 13,753 million yen,decrease of 2,953 million yen from the end of the previous fiscal year.
The factors for increase or decrease of each cash flow in the current first quarter consolidated accumulative period are as
follows.
Net cash provided by operating activities was 2,746 million yen, a decrease of 1,018 million yen year on year due to thedecrease of profit before income taxes.
Net cash used in investing activities was 2,082 million yen, an increase of 153 million yen year on year due to theincrease of capital investment.
As a result, the free cash flow, which is the sum of the net cash provided by operating activities and used in investing
activities, amounted to 663 million yen (a decrease of 1,172 million yen year-on-year).
Furthermore, net cash used in financing activities was 773 million yen, a decrease of 619 million yen year on year due
to the increase of cash dividends paid etc.
(3) Future projections including forecasts of consolidated financial performance
We did not revise the forecast of consolidated financial performance released on May 16, 2022, as the financial results forthe first three months of the fiscal year under review were within the expected range.

5

2. Quarterly Consolidated Financial Statements and main notes(1) Quarterly consolidated balance sheets(Millions of yen)
FY2022_1Q

FY2021
As of March 31, 2022

As of June 30, 2022

AmountAmount(Assets)
Current assets
Cash and deposits

13,264

13,837

Notes receivable-trade

2,004

1,210

Electronically recorded monetary claims-operating

3,012

2,822

Accounts receivable-trade23,83225,607

Short-term investment securities

489

489

Merchandise and finished goods

3,805

4,271

Work in process

902

1,077

Raw materials and supplies

8,152

8,814

Others

2,542

2,660

Allowance for doubtful accounts

(172)

(190)

Total current assets

57,83560,602

Building and structures, net

5,715

6,799

Machinery, equipment and vehicles, net

15,077

16,218

Land

2,384

2,422

Lease assets, net

364

1,147

Construction in progress

4,904

3,422

Other tangible fixed assets, net

1,754

1,922

Total tangible fixed assets

30,20031,933

Others

1,613

1,780

Total intangible assets

1,613

1,780

Investment securities

2,392

2,687

Net defined benefit asset

1,020

1,012

Deferred tax assets

149

372

Others549

579

Noncurrent assets
Tangible fixed assets

Intangible assets

Investments and other assets

Allowance for doubtful accounts

(5)

(5)

Total investments and other assets

4,106

4,647

35,92138,36193,756

98,963

Total noncurrent assets
Total assets

6

(Millions of yen)
FY2022_1Q

FY2021
As of March 31, 2022

As of June 30, 2022

AmountAmount(Liabilities)
Current liabilities
Notes and accounts payable-trade

13,99415,755

Electronically recorded obligations – operating

4,249

4,414

Short-term loans payable

10,390

10,116

Lease obligations

495

532

Income taxes payable

948

684

Accrued expenses

3,081

3,199

Provision for bonuses

1,421

774

Provision for directors’ bonuses

72

13

Provision for product warranties

272

262

Provision for loss on order received

187

200

Electronically recorded obligations - non-operating

474

706

Others

1,788

1,683

Total current liabilities

37,37738,345Long-term loans payable

6,720

7,734

Lease obligations

1,576

2,335

Deferred tax liabilities

867

1,309

Net defined benefit liability

287

308

Provision for share awards－

16

Asset retirement obligations

92

92

Noncurrent liabilities

Others102

114

Total noncurrent liabilities

9,646

11,91147,02450,256

8,570

8,570

Total liabilities(Net assets)
Shareholders’ equity
Capital stock
Capital surplus

7,352

7,350

Retained earnings

27,004

27,156

Treasury stock

(421)

(419)

Total shareholders’ equity

42,50542,658Foreign currency translation adjustment

948

2,660

Remeasurements of defined benefit plans

1,049

1,042

Total accumulated other comprehensive income

Accumulated other comprehensive income

1,998

3,703

Non-controlling interests

2,228

2,346

Total net assets

46,732

48,707

Total liabilities and net assets

93,756

98,9637

(2) Quarterly consolidated statements of income and quarterly consolidated statement of comprehensive income(Quarterly consolidated statements of income)(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2021
(Apr. 1, 2021–June 30, 2021)(Apr. 1, 2022–June 30, 2022)

AmountAmountNet sales

32,87435,553

Cost of sales

28,24632,053Gross profit

4,627

3,499

Packing and delivery expenses

453

381

Salaries and allowances

449

423

Provision for bonuses

193

190

Provision for directors’ bonuses

15

13

Selling, general and administrative expenses

Retirement benefit expenses

18

17

Welfare expenses

309

359

Provision for product warranties

(51)

188

Provision for share awards－

16

Research and development expenses

319

242

Others679

657

Total selling, general and administrative expenses

2,387

2,491

Operating income (loss)

2,239

1,008

36

36

Non-operating income
Interest income
Dividends income25Equity in earnings of affiliates－

126

Foreign exchange gains

11

551

Others67

58

Total non-operating income

117

778

Interest expenses

55

32

Equity in losses of affiliates

22－

Others60Non-operating expenses

Total non-operating expenses
Ordinary income (loss)

8

84

33

2,272

1,752

(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2021
(Apr. 1, 2021–June 30, 2021)(Apr. 1, 2022–June 30, 2022)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

1

12

Total extraordinary income

1

12Loss on sales of noncurrent assets－

12

Loss on retirement of noncurrent assets

25

15

Total extraordinary loss

25

28

Income (loss) before income taxes

2,249

1,737

Income taxes-current

487

467

Income taxes-deferred

329

399

Total income taxes

816

867

Profit (loss)

1,432

869

Profit (loss) attributable to non-controlling interests

121

(67)

Profit (loss) attributable to owners of parent

1,310

936

Extraordinary loss

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Three months ended
June 30, 2022

Three months ended
June 30, 2021
(Apr. 1, 2021–June 30, 2021)(Apr. 1, 2022–June 30, 2022)

AmountAmount
1,432

869

1,261

1,729

(5)

(7)

32

168

Total other comprehensive income

1,288

1,890

Comprehensive income

2,720

2,759

Comprehensive income attributable to owners of the parent

2,467

2,641

Comprehensive income attributable to non-controlling interests

253

118

Profit (loss)
Other comprehensive income
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of associates accounted for using equity
method(Breakdown)

10(3) Quarterly consolidated statements of cash flows(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2021
(Apr. 1, 2021–June 30, 2021)(Apr. 1, 2022–June 30, 2022)

AmountAmountNet cash provided by (used in) operating activities
Profit (loss) before income taxes

2,249

1,737

Depreciation and amortization

1,397

1,400

Retirement benefit expenses

(4)

(5)

Increase(decrease) in net defined benefit liability

98Increase (decrease) in allowance for doubtful accounts

7

6

(248)

(648)

Increase (decrease) in provision for directors' bonuses

15

(58)

Increase (decrease) in provision for product warranties

(225)

(25)

25

15

Increase (decrease) in provision for bonuses

Loss on retirement of noncurrent assets
Loss(gain) on sales of tangible fixed assets

(1)

(0)

Interest and dividends income

(38)

(41)

Interest expenses

55

32

Foreign exchange losses (gains)

(15)

(102)

Equity in (earnings) losses of affiliates

22

(126)

Decrease(increase) in notes and accounts receivable-trade

(541)

76

Decrease(increase) in inventories

(451)

(671)

Increase(decrease) in notes and accounts payable-trade

1,684

1,324

Decrease(increase) in other current assets

(125)

(42)

Increase (decrease) in other current liabilities

209

552

Other, net

1618

Subtotal

4,039

3,448

Interest and dividends income received

132

41

Interest expenses paid

(50)

(34)

Income taxes paid

(357)

(710)

Net cash provided by (used in) operating activities

3,764

2,746

11

(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2021
(Apr. 1, 2021–June 30, 2021)(Apr. 1, 2022–June 30, 2022)

AmountAmountNet cash provided by (used in) investing activities(295)

Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of tangible fixed assets

(444)

165

240

(1,545)(1,771)

6

96

Purchase of intangible assets

(149)

(210)

Payments for asset retirement obligations

(100)

－

Proceeds from sales of tangible fixed assets

OthersNet cash provided by (used in) investing activities

(10)

6

(1,929)(2,082)

171

(541)

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

390

1,860

Repayment of long-term loans payable(507)(1,060)Purchase of treasury stock

(0)

(50)

Cash dividends paid

－

(784)

Cash dividends paid to non-controlling shareholders

(103)

(106)

Others

(104)

(89)

Net cash provided by (used in) financing activities

(154)

(773)

Effect of exchange rate change on cash and cash equivalents

410

459

Net increase (decrease) in cash and cash equivalents

2,092

349

Cash and cash equivalents at beginning of period

14,614

13,404

Cash and cash equivalents at end of period

16,706

13,75312

(4) Notes to quarterly consolidated financial statements(Going concern assumptions)Not applicable(Notes in the event of significant changes in shareholders’ equity)
Not applicable(Additional information)(About the accounting estimate associated with the spread of novel coronavirus infections)
There has been no notable change in the assumptions regarding the impact of the COVID 19 pandemic on theGroup’s business as described in the Additional Information section of the Annual Securities Report for theprevious fiscal year.
(Transactions in which the Company’s shares are issued to employees through a trust)(1) Outline of transaction
At a meeting of the Board of Directors held on May 16, 2022, the Company resolved details of a new
incentive plan called the Employee Stock Ownership Plan (J-ESOP, hereinafter referred to as the “Plan”) for
employees. The Plan is a system to provide the Company’s shares to its employees who satisfy certain
requirements under the Share Benefit Regulations to be established by the Company in advance.
The Company will grant points to its employees based on their position, performance, and other factors. The
Company’s shares equivalent to the points granted will be paid to the employees when they acquire the rightof entitlement under certain conditions stipulated in the Share Benefit Regulations. The shares to be provided
to employees shall be acquired following the amount set up in advance, including the future portion, and shallbe segregated and managed as trust assets.
The introduction of the Plan will enable employees to share the economic benefits with shareholders byreflecting the benefits in the Company’s stock price based on the Company’s performance. As “working
shareholders,” the Company will increase its employees’ sense of ownership and participation in management
even more than before. At the same time, the Plan is intended to share the Company’s vision and plans andcontribute to the Company’s sustainable growth through a high level of voluntary commitment and challenge.
(2) Shares of the Company remaining in the trust
The Company’s shares remaining in the trust are recorded as treasury stock under net assets at their bookvalue. The book value of the Company’s shares at the end of the first quarter of the current consolidated
cumulative period is 49 million yen, and the number of shares is 22,100.
(Transition from a consolidated tax payment system to a group totalization system)
Since the first quarter of the current consolidated cumulative period, the Company and its consolidated
domestic subsidiaries have shifted from a consolidated tax payment system to a group totalization system.
Accordingly, the accounting treatment and disclosure of corporate and local income taxes and tax-effectaccounting have been changed following the Treatment for Auditing of Reserve under Special Taxation
Measures Law and Reserve under Special Laws (Practical Issues Task Force No. 42, August 12, 2021).
Furthermore, in accordance with Paragraph 32 (1) of the Practical Issues Task Force No. 42, the Company has
assumed that there is no impact from the change in accounting policy resulting from the adoption of thePractical Issues Task Force No. 42.

13

(Segment information)
I Three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)
1. Net sales and profit (loss) by reportable segments(Millions of yen)
Reportable segment

Net Sales:
Sales to outside customers
Intersegment sales orTransfers
Total
Segment income (loss)

China

Total

Other
(Note 3)

4,014

5,673

32,82647

32,874

77

62

435

2,103

463

2,566

7,485

1,159

4,076

6,108

34,929511

35,441

(50)

54

756

938

2,166

3

2,169

UnitedStatesEurope14,611

7,444

1,082

1,487

40

16,098
467

Japan

Asia

Total

Note: 1. Our Group consists of the Company and these overseas corporations which are based on a manufacturing
and sales structure. As such, “Japan”, “the United States”, “Europe”, “Asia” and “China” are our fivereportable segments.
2. Major countries or regions belong to each reportable segment
Europe ··············· the Czech Republic, Russia, Germany
Asia ················· Thailand, Indonesia, Vietnam
3. “Other” comprises business operations that are not categorized as reportable segments and includes thebusiness activities of domestic subsidiaries, such as the transportation business.
2. Difference between total segment income (loss) for reportable segments and operating income on consolidated
statements of income, and details of the difference (reconciliation of the difference)(Millions of yen)
Income or loss
AmountTotal segment income
2,166
Income for “Other”
3
Intersegment eliminations
70
Operating income on consolidated statements of income
2,239
3. Impairment loss on noncurrent assets and goodwill, etc., by reportable segment(Significant impairment loss on noncurrent assets)
Not applicable(Significant change in goodwill amount)Not applicable(Significant gain on bargain purchase)
Not applicable14

II Three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)
1. Net sales and profit (loss) by reportable segments(Millions of yen)
Reportable segment

Net Sales:
Sales to outside customers
Intersegment sales ortransfers
Total
Segment income (loss)

Other(Note 3)

Total

UnitedStatesEurope15,053

8,669

1,155

4,710

5,927

35,51438

35,553

1,949

24

55

86

563

2,679

479

3,158

17,002

8,693

1,210

4,796

6,490

38,194517

38,711

394

(403)

(240)

688

590

1,029

0

1,029

Japan

Asia

China

Total

Note: 1. Our Group consists of the Company and these overseas corporations which are based on a manufacturing
and sales structure. As such, “Japan”, “the United States”, “Europe”, “Asia” and “China” are our fivereportable segments.
2. Major countries or regions belong to each reportable segment
Europe ··············· the Czech Republic, Russia, Germany
Asia ················· Thailand, Indonesia, Vietnam
3. “Other” comprises business operations that are not categorized as reportable segments and includes thebusiness activities of domestic subsidiaries, such as the transportation business.
2. Difference between total segment income (loss) for reportable segments and operating income on consolidated
statements of income, and details of the difference (reconciliation of the difference)(Millions of yen)
Income or loss
AmountTotal segment income
1,029
Income(loss) for “Other”
0Intersegment eliminations(21)
Operating income on consolidated statements of income
1,008
3. Impairment loss on noncurrent assets and goodwill, etc., by reportable segment(Significant impairment loss on noncurrent assets)
Not applicable(Significant change in goodwill amount)Not applicable(Significant gain on bargain purchase)
Not applicable15

3. Supplementary information
Sales states (consolidated)(Millions of yen)Three months ended
June 30, 2021

Three months ended
June 30, 2022

(Apr. 1, 2021–June.30, 2021)(Apr. 1, 2022–June.30, 2022)

AmountAmount%%FY2021

Increase/Decrease(Apr 1.2021-Mar 31,2022)

AmountAmount%%For Automobile

24,24973.8

27,136

76.3

2,887

11.9

97,45273.0

For Construction &Industrial machine

7,438

22.6

7,301

20.5

-136

-1.8

31,814

23.8

For Air conditioner

500

1.5

587

1.7

87

17.5

2,128

1.6

Other

686

2.1

526

1.5

-159

-23.2

2,186

1.6

32,874100.0
35,553100.0
Total
Notes: Amounts less than one million yen have been truncated.

2,679

8.2

133,581100.0

16