Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2021
(J-GAAP)
August 3, 2020
Company name: T.RAD Co., Ltd.
Listing: Tokyo Stock Exchange, First Section
Code No.:
7236
URL: http://www.trad.co.jp
Representative: Tomio Miyazaki, President & COO
Contact:
Norio Kanai, Managing Director & CFO
Tel:+81-3-3373-1101
Scheduled date of filing of 1st quarter securities report:
August 4, 2020
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, 2021
(April 1, 2020 to June 30, 2020)(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
25,249 -25.9
(567)
(618)
―
June30, 2020Three months ended
34,055
1.7
1,212 -33.3
1,212
June30, 2019
Note: Comprehensive income
Three months ended June 30, 2020: ¥-2,312 million ―%Three months ended June 30, 2019: ¥1,029 million 406.1%
Net income per share
Diluted net income per share
Three months ended
June30, 2020Three months ended
June30, 2019

Yen

Yen

(137.44)

―

69.59

―

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen
%

―

(989)

―

-36.2

545

-43.9

Equity ratio

Net assets per share

Millions of yen%

Yen

42,07649.0

5,554.44

44,84648.1

5,916.09

Three months ended
81,555
June30, 2020
Fiscal year ended
88,493
March 31, 2020
Reference: Shareholders’ equity
As of June 30, 2020: ¥39,986 million
As of March 31, 2020 : ¥43,048 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Year-end
Yen

Total
Yen

Fiscal year ended
40.00
50.00
90.00
―
―
March 31, 2020
Fiscal year ending―
March 31, 2021
Fiscal year ending
March 31, 2021――――
(Forecast)
Note: Revisions to the forecast of dividends since the latest official announcement: No
We set the term-end date as the dividend reference date on the Articles of Incorporation. However, at the present
moment, the expected dividend on the reference date (Fiscal year ending March 31, 2021) has not been decided.

1

3. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2021
(April 1, 2020 to March 31, 2021)(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
48,600-26.5(1,200) -172.0(1,200) -173.5 (1,800) -205.8(250.03)
September 30, 2020
Fiscal year ending
108,300-17.0
300 -89.4
100-96.5 (1,400) -197.6(194.47)
March 31, 2021
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, 2020: 8,344,405 shares
As of March 31, 2020: 8,344,405 shares
2) Number of shares of treasury stock at end of period
As of June 30, 2020: 1,145,330 shares
As of March 31, 2020: 1,145,320 shares
3) Average number of shares outstanding during the period
Three months ended June 30, 2020: 7,199,082 shares
Three months ended June 30, 2019: 7,834,897 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, 2021 ····························· 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, 2021
(1) Consolidated financial performance
As for the economic environment during the first quarter of the current consolidated cumulative period, the global
economy deteriorated significantly due to the spread of novel coronavirus infections. The trend of this infectious disease
will significantly affect the future, and there is concern that uncertainty remains.
Under the circumstances, the net sales of the T.RAD Group (on a foreign currency basis) largely decreased from thesame period of the previous year in domestic and overseas except Europe. Operating income decreased in domestic andoverseas except in Europe. The profit attributable to owner of parent decreased from the same period of the previous year
due to the net sales declined sharply etc. despite decrease of income taxes.
As a result, net sales during the consolidated cumulative first quarter decreased by 8,806 million yen from the previous
fiscal year, amounting to 25,249 million yen (down 25.9% year on year). Operating loss of 567 million yen was posted,worsening by 1,780 million yen year on year. Ordinary loss of 618 million yen was posted, worsening by 1,830 million yen
year on year. Loss attributable to owners of parent of 989 million yen was posted, worsening by 1,534 million yen 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.
T.RAD LOGISTICS Co., Ltd. of domestic subsidiary has the same settlement date that coincides with the last day ofthe consolidated fiscal year. The segment impacted by such adjustments is Other.
Net Sales
Operating Income (Loss)
Three months Three months
ended
ended
June 30, 2019 June 30, 2020

Japan
United States

Europe
Asia
China
Other
(including
eliminations)

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

14,868
8,872
636
4,602
4,875

9,850
7,561
693
3,834
3,095

-5,017-1,31157-768-1,780

200

215

14

Three months Three months
ended
ended
June 30, 2019 June 30, 2020

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

-33.7
-13.1
23.8
-11.8
-30.4

26
36
(299)
642
562

(1,037)
(149)
(106)
533
102

-1,063
-185
192
-108
-460

60.3
-11.4
-80.4

7.6

245

89

-155

-63.6

―
―

Total
34,05525,249-8,806
-23.8
1,212
(567)
-1,780-148.9*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 declined sharply from the previous fiscal year due to a decrease in sales bymajor customers in line with the spread of novel coronavirus infections. The net sales of products for construction industrial
machines have recovered in the Chinese market, where the novel coronavirus infections have subsided. However, the net
sales in the markets of Japan, the United States, Europe, and Southeast Asia fell sharply as a result of the spread of theinfectious disease, while due to production cuts at main customers, the net sales fell sharply year on year. As a result, the net
sales in the Japan segment decreased by 5,017 million yen, resulting in 9,850 million yen.
Operating loss of 1,037 million yen was posted, worsening by 1,063 million yen from the same period of the previous
year, due to the net sales declined sharply etc.
(ii) United States
Net sales of products for automobile industry and construction industrial machines decreased from the previous fiscal year
due to a decrease in sales by major customers as the novel coronavirus infection spread. As a result, the net sales in the
United States segment decreased by 1,311 million yen from the same period of the previous year, resulting in 7,561 million
yen. On a foreign currency basis, it decreased by 13.1%.
Operating loss of 149 million yen was posted, worsening by 185 million yen from the same period of the previous year.

4

(iii) Europe
The net sales of products for the automobile industry increased from the same period of the previous year by the increase of
net sales of models for which orders were newly received in Czech Republic. As a result, the net sales in the Europe
segment increased by 57 million yen from the same period of the previous year, resulting in 693 million yen. On a foreign
currency basis, it increased by 23.8%.
Operating loss of 106 million yen was posted, improved by 192 million yen from the same period of the previous year,
due to the decrease of scrap cost etc. On a foreign currency basis, it increased by 60.3%.
(iv) Asia
The net sales of products for the automobile industry decreased from the same period of the previous year due to thedecrease of orders received in Thailand despite favorable sales of orders received models in Indonesia and Vietnam. As aresult, the net sales in the Asia segment decreased by 768 million yen from the same period of the previous year, resulting in
3,834 million yen. On a foreign currency basis, it decreased by 11.8%.
Operating income decreased by 108 million yen from the same period of the previous year, resulting in 533 million yen.
On a foreign currency basis, it decreased by 11.4%.
(v) China
Net sales of products for automobile industry and construction industrial machines decreased from the previous fiscal year
due to a decrease in sales by major customers as the novel coronavirus infection spread. As a result, the net sale in the China
segment decreased by 1,780 million yen from the same period of the previous year, resulting in 3,095 million yen. On a
foreign currency basis, it decreased by 30.4%.
The operating income decreased by 460 million yen from the same period of the previous year due to decreased of net
sales etc., resulting in 102 million yen. On a foreign currency basis, it decreased by 80.4%.
(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 81,555 million yen (down 6,937
million yen from the end of the previous fiscal year) due to the decrease of accounts receivable-trade and tangible fixed
assets etc.
Total liabilities resulted in 39,479 million yen (down 4,167 million yen) due to the decrease of accounts payable-tradeand provision for bonuses etc.
Net assets resulted in 42,076 million yen (down 2,770 million yen) due to the decrease 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 13,014 million yen,decrease of 710 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 1,532 million yen, decrease of 463 million yen year on year due to thedecrease of profit before income taxes. Net cash used in investing activities was 1,081 million yen, a decrease of 685
million yen year on year. Net cash used in financing activities was 712 million yen, a decrease of 118 million yen year on
year due to the decrease of interest-bearing liabilities.
(3) Future projections including forecasts of consolidated financial performance
We did not revise the forecast of consolidated financial performance released on May 18, 2020, 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)
FY2020_1Q

FY2019As of March 31, 2020

As of June 30, 2020

AmountAmount(Assets)
Current assets
Cash and deposits

13,41912,633

Notes and accounts receivable-trade22,274

18,573

Electronically recorded monetary claims-operating

3,873

2,886

Short-term investment securities

499

489

Merchandise and finished goods

3,864

4,002

Work in process

741

643

Raw materials and supplies

5,725

5,712

Others

2,603

2,595

Allowance for doubtful accounts

(73)

(166)

52,92747,370Total current assets
Noncurrent assets
Tangible fixed assets
Building and structures, net

6,501

6,298

Machinery, equipment and vehicles, net

15,687

15,367

Land

2,374

2,318

Lease assets, net

526

496

Construction in progress

4,104

3,763

Other tangible fixed assets, net

2,131

2,151

Total tangible fixed assets

31,32630,396

Goodwill

111

82

Others

1,173

1,126

Total intangible assets

1,284

1,208

Investment securities

2,206

1,938

Deferred tax assets

78

66

Others681

588

Intangible assets

Investments and other assets

Allowance for doubtful accounts

(13)

(13)

Total investments and other assets

2,953

2,579

35,56534,18488,49381,555

Total noncurrent assets
Total assets

6

(Millions of yen)
FY2020_1Q

FY2019As of March 31, 2020

As of June 30, 2020

AmountAmount(Liabilities)
Current liabilities
Notes and accounts payable-trade12,14910,422

Electronically recorded obligations – operating

3,414

2,786

Short-term loans payable

6,205

6,508

Lease obligations

611

536

Income taxes payable

791

395

Accrued expenses

2,779

2,571

Provision for bonuses

1,282

455

Provision for directors’ bonuses

430Provision for product warranties

181

191

Provision for shareholders benefit program39

32

Provision for loss on order received

92

84Electronically recorded obligations - non-operating

384

678

Asset retirement obligations

200

200

Others

1,495

1,305

Total current liabilities

29,671

26,167Long-term loans payable

10,039

9,521

Lease obligations

2,350

2,248

Deferred tax liabilities

940

935

4

－

Net defined benefit liability

410

409

Asset retirement obligations

91

91

Others138

106

Noncurrent liabilities

Provision for directors' retirement benefits

Total noncurrent liabilities

13,974

13,311

43,64639,479

Capital stock

8,545

8,545

Capital surplus

7,496

7,496

Total liabilities(Net assets)
Shareholders’ equity

Retained earnings

29,06527,716

Treasury stock(2,257)(2,257)

Total shareholders’ equity

42,85041,500(6)(6)

Foreign currency translation adjustment(405)(1,658)Remeasurements of defined benefit plans

152

150

Accumulated other comprehensive income
Valuation difference on available-for-sale securities(259)(1,514)Non-controlling interests

2,256

2,089

Total net assets

44,84642,076

Total liabilities and net assets

88,49381,555

Total accumulated other comprehensive income7(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, 2020Three months ended
June 30, 2019
(Apr. 1, 2019–June 30, 2019)(Apr. 1, 2020–June 30, 2020)

AmountAmountNet sales

34,05525,249

Cost of sales

30,29623,563Gross profit

3,759

1,686

Packing and delivery expenses

383

273

Salaries and allowances

504

447

Provision for bonuses

148

104

Provision for directors’ bonuses

170Retirement benefit expenses

21

20

Welfare expenses

308

337

Provision for product warranties

48

44

Research and development expenses

290

237

Others824

787

Total selling, general and administrative expenses

2,547

2,254

Operating income (loss)

1,212

(567)

Interest income

22

22Dividends income

933

Equity in earnings of affiliates

54－

Foreign exchange gains－

91

Others31

53

Total non-operating income

201

169

Interest expenses

74

70

Foreign exchange losses

122－

Equity in losses of affiliates－

144

Others5

4

Total non-operating expenses

202

220

Ordinary income (loss)

1,212

(618)

Selling, general and administrative expenses

Non-operating income

Non-operating expenses

8

(Millions of yen)Three months ended
June 30, 2020Three months ended
June 30, 2019
(Apr. 1, 2019–June 30, 2019)(Apr. 1, 2020–June 30, 2020)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

04

Total extraordinary income

04

Loss on sales of noncurrent assets－

3

Loss on retirement of noncurrent assets

15

51

Loss on liquidation of subsidiaries and associates－

12

Surcharges

7－

Extraordinary loss

22

66

Income (loss) before income taxes

Total extraordinary loss

1,190

(681)

Income taxes-current

387

281

Income taxes-deferred

181

11

Total income taxes

569

293

Profit (loss)

621

(974)

Profit (loss) attributable to non-controlling interests

75

14Profit (loss) attributable to owners of parent

545

(989)

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Three months ended
June 30, 2020Three months ended
June 30, 2019
(Apr. 1, 2019–June 30, 2019)(Apr. 1, 2020–June 30, 2020)

AmountAmount621(974)

Valuation difference on available-for-sale securities

89

(0)

Foreign currency translation adjustment

325(1,213)Remeasurements of defined benefit plans, net of tax

(6)

(1)

(0)

(123)

Total other comprehensive income

408(1,338)Comprehensive income

1,029(2,312)Comprehensive income attributable to owners of the parent

919(2,243)Comprehensive income attributable to non-controlling interests

109

(69)

Profit (loss)
Other comprehensive income

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, 2020Three months ended
June 30, 2019
(Apr. 1, 2019–June 30, 2019)(Apr. 1, 2020–June 30, 2020)

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

1,190

(681)

Depreciation and amortization

1,450

1,478

Retirement benefit expenses

(9)

(3)

Increase(decrease) in net defined benefit liability

33

20

Increase (decrease) in provision for directors' retirement benefits

0(4)Increase (decrease) in allowance for doubtful accounts

(5)

92

Increase (decrease) in provision for bonuses

(617)

(825)

Increase (decrease) in provision for directors' bonuses

(66)

(42)

Increase (decrease) in provision for product warranties

(6)

13

Loss on retirement of noncurrent assets

15

51

Loss(gain) on sales of tangible fixed assets

0(1)Surcharges

7

－

(116)

(25)

74

70

Interest and dividends income
Interest expenses
Foreign exchange losses (gains)－(4)

Equity in (earnings) losses of affiliates

(54)

144

Decrease(increase) in notes and accounts receivable-trade

(196)

4,185

Decrease(increase) in inventories

(787)

(391)

Increase(decrease) in notes and accounts payable-trade279(2,152)

Decrease(increase) in other current assets

191

78

Increase (decrease) in other current liabilities

1,068

22

Other, net

55

57

Subtotal

2,506

2,082

Interest and dividends income received

280

25

Interest expenses paid

(74)

(70)

Income taxes paid

(475)

(505)

Surcharges paid

(241)

－

Net cash provided by (used in) operating activities

1,995

1,532

11

(Millions of yen)Three months ended
June 30, 2020Three months ended
June 30, 2019
(Apr. 1, 2019–June 30, 2019)(Apr. 1, 2020–June 30, 2020)

AmountAmountNet cash provided by (used in) investing activities(7)

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

(7)

314

89

(1,724)(1,218)057

Purchase of intangible assets

(210)

(20)

Others(140)17

Net cash provided by (used in) investing activities(1,767)(1,081)

Net increase (decrease) in short-term loans payable

692

160

Proceeds from long-term loans payable

1,000

－

Repayment of long-term loans payable(1,270)(264)

Purchase of treasury stock

(667)

(0)

Cash dividends paid

(397)

(359)

Cash dividends paid to non-controlling shareholders

(72)

(97)

Others

(113)

(150)

Net cash provided by (used in) financing activities

(831)

(712)

Effect of exchange rate change on cash and cash equivalents

112

(448)

Net increase (decrease) in cash and cash equivalents

(490)

(710)

Cash and cash equivalents at beginning of period

13,826

13,724

Cash and cash equivalents at end of period

13,336

13,014

Proceeds from sales of tangible fixed assets

Net cash provided by (used in) financing activities12(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)
During the first quarter of the current consolidated cumulative period, as a result of the spread of novel
coronavirus infections, we were significantly affected by the suspension of our business partners’ operations. At
this time, it is difficult to determine the impact on the Group because the timing of the termination of thepandemic is unpredictable.
For the first quarter of the current consolidated cumulative period, accounting estimates were made according
to the assumptions (assuming that our sales will gradually recover from July 2020 to March 2021) in theprevious consolidated fiscal year (ended March 31, 2020).

13

(Segment information)
I Three months ended June 30, 2019 (from April 1, 2019 to June 30, 2019)
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)

Japan

UnitedStatesEurope

Asia

China

Total

Other
(Note 3)

Total

14,868

8,872

636

4,602

4,875

33,855200

34,055

1,502

44

127

15

428

2,118

820

2,939

16,370

8,917

764

4,618

5,303

35,974

1,021

36,995

26

36

(299)

642

562

967

43

1,010

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
967
Income for “Other”
43
Intersegment eliminations
201
Operating income on consolidated statements of income
1,212
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, 2020 (from April 1, 2020 to June 30, 2020)
1. Net sales and profit (loss) by reportable segments(Millions of yen)
Reportable segment
Japan

UnitedStatesEurope

Asia

China

Total

Other
(Note 3)

Total

9,850

7,561

693

3,834

3,095

25,034215

25,249Net Sales:
Sales to outside customers
Intersegment sales ortransfers
Total

1,035

32

85

13

357

1,525

373

1,899

10,886

7,594

778

3,848

3,452

26,559589

27,149Segment income (loss)(1,037)

(149)

(106)

533

102

(657)

(55)

(712)

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(loss)(657)
Income(loss) for “Other”(55)
Intersegment eliminations
144
Operating income on consolidated statements of income(loss)(567)
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, 2019

Three months ended
June 30, 2020

(Apr. 1, 2019–June.30, 2019)(Apr. 1, 2020–June.30, 2020)

AmountAmount%%

FY2019

Increase/Decrease(Apr 1.2019-Mar 31,2020)

AmountAmount%%For Automobile

25,08773.7

18,79674.4-6,291-25.1

98,37775.4

For Construction &Industrial machine

7,371

21.6

5,233

20.7

-2,137-29.0

26,147

20.0

For Air conditioner

906

2.7

563

2.2

-342

-37.9

3,158

2.4

Other

690

2.0

656

2.7

-34

-4.9

2,841

2.2

34,055100.0
25,249100.0
Total
Notes: Amounts less than one million yen have been truncated.

-8,806-25.9

130,524100.0

16