Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2020
(J-GAAP)
August 2, 2019
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
Norio Kanai, Managing Executive Officer,
Contact:
Tel:+81-3-3373-1101
Finance & Accounting Dept.
Scheduled date of filing of 1st quarter securities report:
August 5, 2019
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, 2020
(April 1, 2019 to June 30, 2019)(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
34,055
1.7
1,212 -33.3
1,212
June30, 2019
Three months ended
33,498
14.6
1,819
8.0
1,899
June30, 2018
Note: Comprehensive income
Three months ended June 30, 2019: ¥1,029 million 406.1%
Three months ended June 30, 2018: ¥203 million -68.2%
Net income per share
Diluted net income per share
Three months ended
June30, 2019
Three months ended
June30, 2018

Yen

Yen

69.59

―

122.11―(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen
%

-36.2

545

-43.9

-3.0

971

-18.7

Equity ratio

Net assets per share

Millions of yen%

Yen

46,06046.7

5,790.45

46,17047.4

5,537.07

Three months ended
94,084
June30, 2019
Fiscal year ended
92,929March 31, 2019
Reference: Shareholders’ equity
As of June 30, 2019: ¥43,925 million
As of March 31, 2019 : ¥44,072 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Fiscal year ended
40.00
―
―
March 31, 2019
Fiscal year ending―
March 31, 2020
Fiscal year ending
March 31, 2020
40.00―
(Forecast)
Note: Revisions to the forecast of dividends since the latest official announcement: No

1

Year-end
Yen

Total
Yen

50.00

90.00

50.00

90.00

3. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2020
(April 1, 2019 to March 31, 2020)(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
69,2002.4
2,100 -31.7
2,400
-27.2
1,300
-15.6
163.33September 30, 2019
Fiscal year ending
139,200
2.3
4,100 -19.5
4,600
-17.4
1,800
3.7
226.15
March 31, 2020
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: Yes
2) Changes other than 1): None
3) Changes accounting estimation procedures: None
4) Changes in presentation methods: None
For details, please refer to P.13 “2. Quarterly Consolidated Financial Statements and main notes(4) Notes to quarterly consolidated financial statements(Changes of accounting policy)”.
(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, 2019: 8,344,405 shares
As of March 31, 2019 : 8,344,405 shares
2) Number of shares of treasury stock at end of period
As of June 30, 2019: 758,515 shares
As of March 31, 2019 : 384,960 shares
3) Average number of shares outstanding during the period
Three months ended June 30, 2019: 7,834,897 shares
Three months ended June 30, 2018: 7,959,869 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.
(Changes in presentation method of date)
We changed presentation method of date to Western calendar style from Japanese calendar style since“Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2020”2

Table of Contents
1. Qualitative Information for the First Quarter of Fiscal Year Ending March 31, 2020 ····························· 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(Changes of accounting policy) ··················································································· 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, 2020
(1) Consolidated financial performance
The economic environment during the current first quarter consolidated accumulative period, remained strong aided by
the favorable transition of domestic demand although decrease of exports behind the gradual slowdown in global economy.
However, there are risks which exert downward pressure on the economy due to the slowdown in Chinese economy,
U.S-China trade conflict and the withdrawal of UK from the EU etc.
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 due to the increase in United States and Asia despite the decrease in Japan, Europe and China.
Operating income declined sharply in domestic and overseas except in Asia and Other. The profit attributable to owner ofparent decreased from the same period of the previous year due to the increase of foreign exchange losses etc. despite
decrease of income taxes.
As a result, net sales during the consolidated cumulative first quarter increased by 557 million yen from the previous
fiscal year, amounting to 34,055 million yen (up 1.7% year on year), operating income decreased by 606 million yen,amounting to 1,212 million yen (down 33.3% year on year), ordinary income decreased by 687 million yen, amounting to
1,212 million yen (down 36.2% year on year) and profit attributable to owners of parent decreased by 426 million yen,amounting to 545 million yen (down 43.9% 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.
Three of domestic subsidiaries have the same settlement date that coincides with the last day of the consolidated fiscal
year. The segment impacted by such adjustments is Other.
Net Sales
Operating Income (Loss)
Three months Three months
ended
ended
June 30, 2018 June 30, 2019

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)

14,896
7,629
1,114
4,452
5,161

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

-28
1,243
-477
150
-285

244

200

-43

Three months Three months
ended
ended
June 30, 2018 June 30, 2019

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

-0.2
11.3
-39.0
1.0
-3.0

389
271
(272)
609
709

26
36
(299)
642
562

-363
-235
-27
32
-147

-93.3
-87.3
-17.9
2.8
-18.6

-18.0

110

245

134

121.6

Total
33,49834,055
557
1.0
1,819
1,212
-606
-34.3
*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 increased from the same period of the previous year thanks to the favorable
transition of the orders received for our products. The net sales of products for construction and industrial machinesdecreased from the same period of the previous year due to the decrease of demand for China and Mining market. As aresult, the net sales in the Japan segment decreased by 28 million yen, resulting in 14,868 million yen.
Operating income decreased by 363 million yen from the same period of the previous year due to the rising raw
material price, increase of personnel expenses and restore expenses etc., resulting in 26 million yen.
(ii) United States
The net sales of products for the automobile industry largely increased due to the commencement of mass production ofmodels for which orders were newly received. The net sales of products for construction and industrial machines increased
from the same period of the previous year by the increase of major customer demands for agricultural industrial machines.
As a result, the net sales in the United States segment increased by 1,243 million yen from the same period of the previous
year, resulting in 8,872 million yen. On a foreign currency basis, it increased by 11.3%.

4

Operating income decreased by 235 million yen from the same period of the previous year due to the increase ofcustom duties and scrap cost etc., resulting in 36 million yen. On a foreign currency basis, it decreased by 87.3%.
(iii) Europe
The net sales of products for the automobile industry increased due to the commencement of mass production of models forwhich orders were newly received in Czech Republic. The net sales of products for air conditioners largely decreased fromthe same period of the previous year due to the ending of transaction with major customers. As a result, the net sales in theEurope segment decreased by 477 million yen from the same period of the previous year, resulting in 636 million yen. On a
foreign currency basis, it decreased by 39.0%.
Operating loss of 299 million yen was posted, worsening by 27 million yen from the same period of the previous year,
due to the end of transaction with major customers for sales of products for air conditioners etc. On a foreign currency basis,
it decreased by 17.9%.
(iv) Asia
The net sales of products for the automobile industry increased from the same period of the previous year due to thefavorable sales of the orders received models for motorcycles products in Indonesia. As a result, the net sales in the Asia
segment increased by 150 million yen from the same period of the previous year, resulting in 4,602 million yen. On a
foreign currency basis, it increased by 1.0%.
Operating income increased by 32 million yen from the same period of the previous year, resulting in 642 million yen.
On a foreign currency basis, it increased by 2.8%.
(v) China
The net sales of products for the automobile industry decreased from the same period of the previous year due to thedecrease of orders received by slumping local automobile market. Net sales of products for construction and industrial
machines increased from the same period of the previous year due to the increase in orders from major customers. As aresult, the net sale in the China segment decreased by 285 million yen from the same period of the previous year, resulting
in 4,875 million yen. On a foreign currency basis, it decreased by 3.0%.
The operating income decreased by 147 million yen from the same period of the previous year, resulting in 562 million
yen. On a foreign currency basis, it decreased by 18.6%.

(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 94,084 million yen (up 1,155
million yen from the end of the previous fiscal year) due to the increase of inventories and tangible fixed assets etc.
Total liabilities resulted in 48,024 million yen (up 1,264 million yen) due to the increase of accounts payable-trade andlong-term loans payable.
Net assets resulted in 46,060 million yen (down 109 million yen) due to the purchase of treasury stock etc.
2) Cash flows
Cash and cash equivalents at the end of the current first quarter of the fiscal year under review totaled 13,336 million yen,decrease of 490 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 1,995 million yen, increase of 408 million yen year on year due to thedecrease the payment of settlement related to antitrust laws although profit before income taxes decreased. Net cash used ininvesting activities was 1,767 million yen, an increase of 152 million yen year on year. Net cash used in financing activities
was 831 million yen, a decrease of 69 million yen year on year due to the purchase of treasury stock althoughinterest-bearing liabilities increased.
(3) Future projections including forecasts of consolidated financial performance
We did not revise the forecast of consolidated financial performance released on May 16, 2019, 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)
FY2019_1Q

FY2018
As of March 31, 2019

As of June 30, 2019

AmountAmount(Assets)
Current assets
Cash and deposits

13,894

13,397

Notes and accounts receivable-trade

24,742

25,165

Electronically recorded monetary claims-operating

2,589

2,563

Short-term investment securities

399

99

Merchandise and finished goods

2,714

2,980

Work in process

734

900

Raw materials and supplies

5,370

5,801

Others

2,792

2,712

Allowance for doubtful accounts

(85)

(87)

53,15253,533

Building and structures, net

6,389

6,380

Machinery, equipment and vehicles, net

15,23915,762

Land

2,335

2,372

Lease assets, net

102

545

Construction in progress

3,457

2,974

Other tangible fixed assets, net

2,117

2,127

Total tangible fixed assets

29,64130,163

Total current assets
Noncurrent assets
Tangible fixed assets

Intangible assets
Goodwill

228

199

Others

1,255

1,410

Total intangible assets

1,484

1,609

Investment securities

7,668

7,838

Net defined benefit asset

233

222

Investments and other assets

Deferred tax assets

63

58

Others704

671

Allowance for doubtful accounts

(19)

(13)

Total investments and other assets
Total noncurrent assets
Total assets

6

8,650

8,778

39,77640,551

92,92994,084

(Millions of yen)
FY2019_1Q

FY2018
As of March 31, 2019

As of June 30, 2019

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

14,28014,732

Electronically recorded obligations – operating

5,340

5,322

Short-term loans payable

8,061

7,795

Lease obligations

414

482

Income taxes payable

658

588

Accrued expenses

2,797

3,501

Provision for bonuses

1,390

773

Provision for directors’ bonuses

84

17

Provision for product warranties

235

232

Provision for shareholders benefit program

48

41

Electronically recorded obligations - non-operating

729

895

Asset retirement obligations

116

116

Others

1,895

1,563

Total current liabilities

36,05336,063Long-term loans payable

8,368

9,094

Lease obligations

777

1,066

Deferred tax liabilities

Noncurrent liabilities

1,324

1,538

Provision for directors' retirement benefits

5

6

Net defined benefit liability

95

120

Asset retirement obligations

90

90

Others43

42

10,705

11,96046,75948,024

Capital stock

8,545

8,545

Capital surplus

7,551

7,551

Retained earnings

28,31528,463

Treasury stock(901)(1,569)Total shareholders’ equity

43,512

42,991

Total noncurrent liabilities
Total liabilities(Net assets)
Shareholders’ equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

456

545

Foreign currency translation adjustment

(381)

(90)

Remeasurements of defined benefit plans

485

478

Total accumulated other comprehensive income

559

934

Non-controlling interests

2,098

2,135

Total net assets

46,17046,060Total liabilities and net assets

92,92994,0847

(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, 2019

Three months ended
June 30, 2018
(Apr. 1, 2018–June 30, 2018)(Apr. 1, 2019–June 30, 2019)

AmountAmountNet sales

33,49834,055

Cost of sales

29,12930,296Gross profit

4,368

3,759

Packing and delivery expenses

430

383

Salaries and allowances

453

504

Provision for bonuses

139

148

Provision for directors’ bonuses

23

17

Selling, general and administrative expenses

Retirement benefit expenses

14

21

Welfare expenses

265

308

Provision for product warranties

41

48

Research and development expenses

354

290

Others825

824

Total selling, general and administrative expenses

2,549

2,547

Operating income (loss)

1,819

1,212

Interest income

28

22

Dividends income

107

93

Equity in earnings of affiliates

45

54

Others60

31

Total non-operating income

242

201

Interest expenses

61

74

Foreign exchange losses

100

122

Non-operating income

Non-operating expenses

Others1

5

Total non-operating expenses

162

202

Ordinary income (loss)

1,899

1,212

8

(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2018
(Apr. 1, 2018–June 30, 2018)(Apr. 1, 2019–June 30, 2019)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

120Total extraordinary income

12

0

0

－

Loss on retirement of noncurrent assets

11

15

Surcharges

12

7

Total extraordinary loss

24

22

Income (loss) before income taxes

1,887

1,190

Income taxes-current

397

387

Income taxes-deferred

451

181

Total income taxes

848

569

Profit (loss)

1,038

621

Extraordinary loss
Loss on sales of noncurrent assets

Profit (loss) attributable to non-controlling interests

66

75

Profit (loss) attributable to owners of parent

971

545

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Three months ended
June 30, 2019

Three months ended
June 30, 2018

Profit (loss)(Apr. 1, 2018–June 30, 2018)(Apr. 1, 2019–June 30, 2019)

AmountAmount1,038

621

Valuation difference on available-for-sale securities

107

89

Foreign currency translation adjustment

(891)

325

Remeasurements of defined benefit plans, net of tax

(17)

(6)

(33)

(0)

Total other comprehensive income

(835)

408

Comprehensive income

203

1,029

Comprehensive income attributable to owners of the parent

176

919

Comprehensive income attributable to non-controlling interests

27

109

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, 2019

Three months ended
June 30, 2018
(Apr. 1, 2018–June 30, 2018)(Apr. 1, 2019–June 30, 2019)

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

1,887

1,190

Depreciation and amortization

1,366

1,450

Retirement benefit expenses

(25)

(9)

Increase(decrease) in net defined benefit liability

15

33

Increase (decrease) in provision for directors' retirement benefits00Increase (decrease) in allowance for doubtful accounts

0(5)Increase (decrease) in provision for bonuses

(673)

(617)

Increase (decrease) in provision for directors' bonuses

(72)

(66)

Increase (decrease) in provision for product warranties

7(6)

Loss on retirement of noncurrent assets

11

15

Loss(gain) on sales of tangible fixed assets

(12)

0

Surcharges
Interest and dividends income
Interest expenses
Equity in (earnings) losses of affiliates

12

7

(136)

(116)

61

74

(45)

(54)

Decrease(increase) in notes and accounts receivable-trade(1,528)(196)

Decrease(increase) in inventories

(349)

(787)

Increase(decrease) in notes and accounts payable-trade

1,509

279

Decrease(increase) in other current assets

(209)

191

Increase (decrease) in other current liabilities

518

1,068

Other, net

80

55

Subtotal

2,417

2,506

Interest and dividends income received

189

280

Interest expenses paid

(60)

(74)

Income taxes paid

(397)

(475)

Surcharges paid

(561)

(241)

Net cash provided by (used in) operating activities

1,586

1,995

11

(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2018
(Apr. 1, 2018–June 30, 2018)(Apr. 1, 2019–June 30, 2019)

AmountAmountNet cash provided by (used in) investing activities
Payments into time deposits

(7)

(7)

Proceeds from withdrawal of time deposits

72

314

(1,569)(1,724)Purchase of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchase of intangible assets
OthersNet cash provided by (used in) investing activities

29

0

(138)

(210)

(1)

(140)

(1,614)(1,767)

(144)

692

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

－

1,000

Repayment of long-term loans payable(99)(1,270)Purchase of treasury stock

(0)

(667)

Cash dividends paid

(477)

(397)

Cash dividends paid to non-controlling shareholders

(51)

(72)

Others

(127)

(113)

Net cash provided by (used in) financing activities

(900)

(831)

Effect of exchange rate change on cash and cash equivalents

(201)

112

Net increase (decrease) in cash and cash equivalents(1,129)(490)

Cash and cash equivalents at beginning of period

11,965

13,826

Cash and cash equivalents at end of period

10,836

13,33612

(4) Notes to quarterly consolidated financial statements(Going concern assumptions)Not applicable(Notes in the event of significant changes in shareholders’ equity)
Based on a resolution at the meeting of the board of directors held on June 18, 2019, we acquired 373,500
treasury shares. As a result, in the current first quarter consolidated accumulative period, treasury shares increased
by 667 million yen and as of the end of the current first quarter consolidated accounting period, treasury shares
resulted in 1,569 million yen.
(Changes of accounting policy)
The consolidated overseas subsidiaries that applying International Financial Reporting Standards(IFRS) have been
applying IFRS No.16 “Lease” (January 13, 2016. Hereinafter referred to as “IFRS No.16”) from beginning of thecurrent first quarterly consolidated accounting period.
This has led to lessees post all leases as assets and liabilities on balance sheet in principle. The application of
IFRS No.16 is subject to the transitional accounting treatment. The consolidated overseas subsidiaries applies themethod for recognizing the cumulative effect of adoption of this standards at applying start date.
As a result, the end of the current first quarter consolidated accounting period, lease assets increased by 448
million yen, lease obligations of current liabilities increased by 88 million yen, and lease obligations of noncurrent
liabilities increased by 362 million yen. The effect on profit and loss in the current first quarter consolidated
accumulative period is negligible.

13

(Segment information)
I Three months ended June 30, 2018 (from April 1, 2018 to June 30, 2018)
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)

4,452

5,161

33,253244

33,498

155

16

449

2,019

831

2,851

7,673

1,269

4,468

5,610

35,273

1,076

36,349

271

(272)

609

709

1,708

46

1,755

Japan

UnitedStatesEurope14,896

7,629

1,114

1,354

44

16,251
389

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)
IncomeAmountTotal segment income
1,708
Income for “Other”
46
Intersegment eliminations
63
Operating income on consolidated statements of income
1,819
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, 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)

Other(Note 3)

Total

Japan

UnitedStatesEurope14,868

8,872

636

4,602

4,875

33,855200

34,055

1,502

44

127

15

428

2,118

820

2,939

16,370
26

8,917
36

764
(299)

4,618
642

5,303
562

35,974
967

1,021
43

36,995
1,010

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)
IncomeAmountTotal 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 applicable15

3. Supplementary information
Sales states (consolidated)(Millions of yen)Three months ended
June 30,2018Three months ended
June 30, 2019

(Apr. 1, 2018–June. 30, 2018)(Apr. 1, 2019–June.30, 2019)

AmountAmount%%

FY2018

Increase/Decrease(Apr 1.2018-Mar 31,2019)

AmountAmount%%For Automobile

23,741

70.9

25,087

73.7

1,346

5.7

97,77171.8

For Construction &Industrial machine

7,491

22.3

7,371

21.6

-120

-1.6

30,342

22.3

For Air conditioner

1,476

4.4

906

2.7

-569

-38.6

4,602

3.4

Other

789

2.4

690

2.0

-98

-12.5

3,408

2.5

33,498100.0
34,055100.0
Total
Notes: Amounts less than one million yen have been truncated.

557

1.7

136,125100.0

16