Consolidated Financial Results for the 3rd Quarter of Fiscal Year Ending March 31, 2024
(J-GAAP)
February 5, 2024
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
Kaoru Kinoshita, Managing Executive Officer,
Contact:
Tel:+81-3-3373-1101
Finance & Accounting Dept.
Scheduled date of filing of 3rd quarter securities report:
February 6, 2024―
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 3rd Quarter of Fiscal Year Ending March 31, 2024
(April 1, 2023 to December 31, 2023)(1) Consolidated operating performance(Percentage figures indicate year-on-year change)
Net sales

Operating income

Millions of yen% Millions of yen

Ordinary income% Millions of yen

Nine months ended
122,135
5.0
3,159 368.0
3,532
December31, 2023
Nine months ended
116,365
18.8
675
-85.0
1,484
December31, 2022
Note: Comprehensive income
Nine months ended December 31, 2023: ¥ 3,713 million (-9.6%)
Nine months ended December 31, 2022: ¥ 4,109 million (-10.3%)
Net income per share
Diluted net income per share
Nine months ended
December31, 2023
Nine months ended
December31, 2022

Yen

Yen

207.04―(58.06)―(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen
%

138.0

1,352

―

-70.4

(379)

―

Equity ratio

Net assets per share

Millions of yen%

Yen

46,84845.5

6,924.27

43,85144.9

6,479.13

Nine months ended
99,612
December31, 2023
Fiscal year ended
94,098March 31, 2023
Reference: Shareholders’ equity
As of December 31, 2023: ¥45,310 million
As of March 31, 2023 : ¥42,261 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Year-end

Total
Yen

Yen

Fiscal year ended
80.00
0.00
80.00
―
―
March 31, 2023
Fiscal year ending
80.00
―
―
March 31, 2024
Fiscal year ending
March 31, 2024
100.00180.00(Forecast)
Note: Revisions to dividend forecasts since the latest official announcement: Yes
For revisions to dividend forecasts, please refer to “Notice of Revisions to Full-Year Earnings Forecasts of Consolidated
Financial Performance and Dividend Forecasts” that we announced today (February 5, 2024).

1

3. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2024
(April 1, 2023 to March 31, 2024)(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 ofyenNetincome per
share

%

Yen

Fiscal year ending
158,000
5.7
3,800 261.8
4,500
116.1
1,300
198.66―
March 31, 2024
Note: Revisions to the forecast of consolidated financial performance since the latest official announcement: Yes
For revisions to forecasts of consolidated financial performance, please refer to “Notice of Revisions to Full-Year Earnings
Forecasts of Consolidated Financial Performance and Dividend Forecasts” that we announced today (February 5, 2024).

4. Other(1) Changes in significant subsidiaries during the current quarter(changes in specific subsidiaries resulting in changes in the scope of consolidation): No(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 December 31, 2023: 6,592,411 shares
As of March 31, 2023: 6,712,411 shares
2) Number of shares of treasury stock at end of period
As of December 31, 2023: 48,675 shares
As of March 31, 2023: 189,621 shares
3) Average number of shares outstanding during the period
Nine months ended December 31, 2023: 6,533,320 shares
Nine months ended December 31, 2022: 6,528,920 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 statements in this document are based on information currently available to the Company andcertain assumptions that the Company believes reasonable. They are not intended to be a promise by the Company toachieve such results. Actual results may differ materially due to various factors.

2

Table of Contents
1. Qualitative Information for the Third Quarter of Fiscal Year Ending March 31, 2024 ····························· 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 Third Quarter of Fiscal Year Ending March 31, 2024
(1) Consolidated financial performance
In the economic environment during the third quarter of the current consolidated cumulative period, the outbreak ofconflicts in the Middle East, along with ongoing geopolitical risks, particularly regarding the situation in Ukraine, demonstrated
no signs of improvement. Moreover, the Chinese economy continues to recover at slow pace, perpetuating uncertainty in the
global markets. Nonetheless, the stabilization of semiconductor supplies has contributed to a trend of improving demand for
products for automobile industry in certain regions.
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 China region. Operating income increased from the same period of the previous year due to theincrease of net sales etc. The profit attributable to owner of parent increased from the same period of the previous year.
As a result, net sales during the consolidated cumulative third quarter increased by 5,769 million yen from the previous
fiscal year, amounting to 122,135 million yen (up 5.0% year on year), operating income increased by 2,484 million yen,amounting to 3,159 million yen (up 368.0% year on year), ordinary income increased by 2,047 million yen, amounting to 3,532
million yen (up 138.0% year on year) and profit attributable to owners of parent increased by 1,731 million yen, amounting to
1,352 million yen.
The segment results are as follows.
The book-closing date for the consolidated subsidiaries for the first nine months of the fiscal year under review is September
30. In preparing the consolidated financial statements, the financial statements as of, and for the nine-month period ended on
this date were used. With respect to material transactions conducted during the period between this date and the book-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
Operating Income (Loss)
Nine months Nine months
ended
ended
December 31, December 31,
2022
2023

Japan
United States

EuropeAsia
China
Others(including
eliminations)

Increase/
Decrease

Percentage change(on a foreign
currency basis)*

Nine months
ended
December 31,
2022

Nine months
ended
December 31,
2023

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)(%)

(Millions of yen)

(Millions of yen)

(Millions of yen)

48,98831,0194,241
14,455
17,49052,55533,235
4,489
16,31015,314

3,567
2,215
248
1,855
-2,175

7.3
3.7
3.1
11.6
-15.0

1,000
(3,011)
(442)
2,098
846

1,160
(2,222)
52
2,642
1,290

160
789
495
544
444

16.0
－
－
21.3
51.8

170

229

58

33.0

184

235

45

27.7

Total
116,365
122,135
5,769
5.0
675
3,159
2,484
416.1
*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 construction industrial machines were decreased from the same period of the previous year due to adecrease in orders etc. However, net sales of products for automobile industry were increased from the same period of theprevious year due to an increase in orders etc. As a result, the net sales in the Japan segment increased by 3,567 million yen
from the same period of the previous year, resulting in 52,555 million yen.
Operating income increased by 160 million yen from the same period last year, reaching 1,160 million yen, due to thesuccessful transfer of increased materials, parts, and energy costs to sales prices.
(ii) United States
Net sales of products for automobile industry increased year on year due to the start of mass production of newly ordered
models and an increase in orders received etc. Net sales of products for construction industrial machines were increased fromthe same period of the previous year due to an increase in orders etc. As a result, the net sales in the United States segment
increased by 2,215 million yen from the same period of the previous year, resulting in 33,235 million yen. On a foreign
currency basis, it increased by 3.7%.
Operating income increased by 789 million yen year-on-year, resulting in operating loss of 2,222 million yen due to thedecrease of depreciation and successful transfer of increased materials, parts, and energy costs to sales prices.etc.

4

(iii) Europe
Net sales of products for automobile industry in the Czech Republic were increased from the same period of the previous
year due to the commencement of mass production of models for which orders were newly received etc. As a result, the net
sales in this segment increased by 248 million yen year-on-year to 4,489 million yen. On a foreign currency basis, it increasedby 3.1%.
Operating income increased by 495 million yen year on year to 52 million yen, partly due to the local government’s
electricity cost subsidy policy.
(iv) Asia
Net sales of products for automobile industry decreased in Vietnam due to economic downturns and other factors but haveincreased from the same period last year in Thailand and Indonesia due to an increase in orders. As a result, the net sales in the
Asia segment increased by 1,855 million yen from the same period of the previous year, resulting in 16,310 million yen. On a
foreign currency basis, it increased by 11.6%.
As a result, the net sales in the Asia segment increased by 544 million yen from the same period of the previous year,
resulting in 2,642 million yen. On a foreign currency basis, it increased by 21.3%.
(v) China
Net sales of products for automobile industry and construction industrial machines decreased due to a decline in orders
resulting from a market downturn. As a result, the net sales in this segment decreased by 2,175 million yen from the same
period of the previous year, to 15,314 million yen. On a foreign currency basis, it decreased by 15.0%.
Operating income increased by 444 million yen from the same period of the previous year, partly due to the impact offoreign exchange rates etc., resulting in 1,290 million yen. On a foreign currency basis, it increased by 51.8%.
(2) Consolidated financial position
1) Assets, liabilities and net assets
Total assets at the end of current third quarter resulted in 99,612 million yen (up 5,514 million yen from the end of theprevious fiscal year) due to the increase of cash and deposits, tangible fixed assets and accounts receivable-trade etc.
Total liabilities resulted in 52,763 million yen (up 2,516 million yen) due to the increase of accounts payable-trade andelectronically recorded obligations etc.
Net assets resulted in 46,848 million yen (up 2,997 million yen) due to the increase of foreign currency translation
adjustment and retained earnings etc.
2) Cash flows
The factors for increase or decrease of each cash flow in the current third quarter consolidated accumulative period are as
follows.
Net cash provided by operating activities was 10,288 million yen, an increase of 5,717 million yen year on year due to theincrease of profit before income taxes and increase of dividends income etc.
Net cash used in investing activities was 5,440 million yen, an increase of 115 million yen year on year due to the executionof short-term loans receivable etc.
Free cash flow, the sum of net cash provided by operating activities and net cash used in investing activities, an increase of
5,602 million yen year-on-year. The result was a cash inflow of 4,847 million yen.
Furthermore, net cash used in financing activities was 2,022 million yen, a decrease of 630 million yen year on year due tothe decrease of interest-bearing liabilities etc.
As an above result, cash and cash equivalents at the end of the current third quarter of the fiscal year under review totaled
14,023 million yen, an increase of 1,727 million yen from the end of the previous fiscal year.
(3) Future projections including forecasts of consolidated financial performance
We revised the forecasts of consolidated financial performance released on November 6, 2023.
For details, please refer to “Notice of Revisions to Full-Year Earnings Forecasts of Consolidated Financial Performance andDividend Forecasts” that we announced today (February 5, 2024).

5

2. Quarterly Consolidated Financial Statements and main notes(1) Quarterly consolidated balance sheets(Millions of yen)
FY2023_3Q

FY2022As of March 31, 2023

As of December 31,

AmountAmount2023(Assets)
Current assets
Cash and deposits
Notes receivable-trade

10,225

14,581

772

969

Electronically recorded monetary claims-operating

2,760

3,640

Accounts receivable-trade25,52727,654

Short-term investment securities

489

299

Merchandise and finished goods

4,356

3,699

Work in process

795

922

Raw materials and supplies

10,718

8,753

Others

2,738

2,843

Allowance for doubtful accounts

(246)

(147)

Total current assets

58,13863,217

Building and structures, net

6,662

6,622

Machinery, equipment and vehicles, net

13,78314,081

Land

2,444

2,526

Lease assets, net

1,650

1,648

Construction in progress

2,729

3,205

Other tangible fixed assets, net

1,909

2,009

Total tangible fixed assets

29,17930,094

Others

2,153

2,805

Total intangible assets

2,153

2,805

Investment securities

2,967

1,713

Net defined benefit asset

895

930

Deferred tax assets

203

248

Others565

607

Allowance for doubtful accounts

(5)

(5)

Total investments and other assets

4,626

3,493

35,95936,39494,09899,612

Noncurrent assets
Tangible fixed assets

Intangible assets

Investments and other assets

Total noncurrent assets
Total assets

6

(Millions of yen)
FY2023_3Q

FY2022As of March 31, 2023

As of December 31,
2023

AmountAmount(Liabilities)
Current liabilities
13,886

15,412

Electronically recorded obligations – operating

4,613

6,350

Short-term loans payable

11,045

8,436

410

467

Notes and accounts payable-trade

Lease obligations
Income taxes payable

544

631

Accrued expenses

3,528

2,678

Provision for bonuses

1,355

856

Provision for directors’ bonuses

25

34

Provision for product warranties

661

531

Provision for loss on order received

209

232

Electronically recorded obligations - non-operating

715

625

Others961

1,288

37,95837,545Long-term loans payable

8,159

10,781

Lease obligations

2,831

2,840

Deferred tax liabilities

793

1,037

Net defined benefit liability

292

348

Provision for share awards

29

41

Asset retirement obligations

92

93

Others88

75

12,28815,21850,24652,763

Capital stock

8,570

8,570

Capital surplus

7,353

7,352

Retained earnings

22,10022,608

Total current liabilities
Noncurrent liabilities

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

Treasury stock

(452)

(113)

Total shareholders’ equity

37,571

38,41711

16

Foreign currency translation adjustment

3,700

5,946

Remeasurements of defined benefit plans

977

929

Total accumulated other comprehensive income

4,690

6,892

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

Non-controlling interests

1,589

1,538

Total net assets

43,851

46,848

Total liabilities and net assets

94,09899,6127

(2) Quarterly consolidated statements of income and quarterly consolidated statement of comprehensive income(Quarterly consolidated statements of income)(Millions of yen)
Nine months ended
December 31, 2023

Nine months ended
December 31, 2022
(Apr. 1, 2022–December 31, 2022)(Apr. 1, 2023–December 31, 2023)

AmountAmountNet sales

116,365

122,135

Cost of sales

107,167

111,205

Gross profit

9,198

10,929Packing and delivery expenses

1,253

1,184

Salaries and allowances

1,832

1,961

Provision for bonuses

230

255

Provision for directors’ bonuses

41

34

Selling, general and administrative expenses

52

25

Welfare expenses

1,152

1,127

Provision for product warranties

1,041

203

Retirement benefit expenses

Provision of allowance for doubtful accounts－

5

Research and development expenses

856

898

Provision for share awards

25

11

Others

2,037

2,061

Total selling, general and administrative expenses

8,522

7,769

Operating income (loss)

675

3,159

96

175

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

53

Foreign exchange gains

315

400

Subsidy income

421

144

Others216

176

Total non-operating income

1,056

901

Interest expenses

229

518

Others18

9Total non-operating expenses

247

528

Ordinary income (loss)

1,484

3,532

Non-operating expenses

8

(Millions of yen)
Nine months ended
December 31, 2023

Nine months ended
December 31, 2022
(Apr. 1, 2022–December 31, 2022)(Apr. 1, 2023–December 31, 2023)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

1281Gain on sales of investment securities－

199

Total extraordinary income

12

280

Extraordinary loss
Loss on sales of noncurrent assets

15

10Loss on retirement of noncurrent assets

59

69

Loss on sales of investment securities－

80

Loss on reversal of foreign currency translation adjustment

401－

Total extraordinary loss

477

160

Income (loss) before income taxes

1,019

3,652

Income taxes-current

1,638

2,040

Income taxes-deferred

229

231

Total income taxes

1,867

2,271

Profit (loss)

(847)

1,380

Profit (loss) attributable to non-controlling interests

(468)

28

Profit (loss) attributable to owners of parent

(379)

1,352

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Nine months ended
December 31, 2023

Nine months ended
December 31, 2022
(Apr. 1, 2022–December 31, 2022)(Apr. 1, 2023–December 31, 2023)

AmountAmount
(847)

1,380

9

5

Foreign currency translation adjustment

4,791

2,216

Remeasurements of defined benefit plans, net of tax

(12)

(51)

168

162

Total other comprehensive income

4,957

2,332

Comprehensive income

4,109

3,713

Comprehensive income attributable to owners of the parent

4,263

3,555

Comprehensive income attributable to non-controlling interests

(154)

157

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities

Share of other comprehensive income of associates accounted for using equity
method(Breakdown)

10(3) Quarterly consolidated statements of cash flows(Millions of yen)
Nine months ended
December 31, 2023

Nine months ended
December 31, 2022
(Apr. 1, 2022–December 31, 2022)(Apr. 1, 2023–December 31, 2023)

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

1,019

3,652

Depreciation and amortization

4,740

4,643

Retirement benefit expenses

(17)

(75)

Increase(decrease) in net defined benefit liability

35

(5)

7

(120)

Increase (decrease) in provision for bonuses

(527)

(502)

Increase (decrease) in provision for directors' bonuses

(30)

9

Increase (decrease) in provision for product warranties

569

(185)

Loss on retirement of noncurrent assets

59

69

Increase (decrease) in allowance for doubtful accounts

Loss(gain) on sales of tangible fixed assets

3

(70)

Loss (gain) on sales of investment securities

－

(119)

(102)

(179)

Interest and dividends income
Interest expenses

229

518

Foreign exchange losses (gains)

(39)

(206)

Equity in (earnings) losses of affiliates

(315)

(400)

Decrease(increase) in notes and accounts receivable-trade(1,069)(1,964)

Decrease(increase) in inventories(1,877)

3,797

Increase(decrease) in notes and accounts payable-trade

2,912

2,358

Loss on reversal of foreign currency translation adjustment

401－

Decrease(increase) in other current assets

(210)

225

Increase (decrease) in other current liabilities

958

(703)

Other, net

5843

Subtotal

6,804

10,783

Interest and dividends income received

132

1,892

Interest expenses paid

(227)

(506)

Income taxes paid

(2,139)(1,881)

Net cash provided by (used in) operating activities

4,570

10,28811

(Millions of yen)
Nine months ended
December 31, 2023

Nine months ended
December 31, 2022
(Apr. 1, 2022–December 31, 2022)(Apr. 1, 2023–December 31, 2023)

AmountAmountNet cash provided by (used in) investing activities(4,580)Purchase of tangible assets(4,372)

Proceeds from sales of tangible fixed assets

106

119

Purchase of intangible assets

(565)

(764)

－

202

(1,245)(1,626)

Payments for asset retirement obligations

963

1,152

Others(3)(151)(5,324)(5,440)(333)(1,942)

Proceeds from sales of investment securities
Payments into time deposit

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

3,140

3,210

Repayment of long-term loans payable(2,184)(2,237)Purchase of treasury stock

(116)

－

Cash dividends paid

(1,307)(525)

Cash dividends paid to non-controlling shareholders

(224)

(246)

Others

(365)

(280)

Net cash provided by (used in) financing activities(1,391)(2,022)

Effect of exchange rate change on cash and cash equivalents

1,219

836

Net increase (decrease) in cash and cash equivalents

(927)

3,662

Cash and cash equivalents at beginning of period

13,404

10,361(180)－

12,296

14,023

Decrease in cash and cash equivalents resulting from exclusion of subsidiaries
from consolidation
Cash and cash equivalents at end of period12(4) Notes to quarterly consolidated financial statements(Going concern assumptions)Not applicable(Notes in the event of significant changes in shareholders’ equity)
Based on the resolution of the Board of Directors’ meeting held on July 18, 2023, we disposed of 21,276 shares oftreasury stock on August 18, 2023, as restricted stock compensation for Directors and Managing Executive Officers.
And also, based on the resolution of the Board of Directors’ meeting held on November 6, 2023, we cancelled
120,000 shares of treasury stock on November 24, 2023
As a result, treasury stock decreased by 338 million yen, capital surplus (gain on the disposal of treasury stock)decreased by 1 million yen and retained earnings decreased by 319 million yen in the third quarter of the current
consolidated cumulative period. As of the end of the third quarter of the current consolidated cumulative period, thetreasury stock amounted to 113 million yen, the capital surplus amounted to 7,352 million yen and retained earnings
amounted to 22,608 million yen.
(Additional information)(About the accounting estimate associated with the spread of novel coronavirus infections)
There have been no significant changes to the assumptions about the impact of the COVID-19 pandemic on theGroup’s business, as stated in the “Additional Information” section of the Annual Securities Report for the previous
fiscal year.
(Transfers between retirement benefit plans)
On April 1, 2023, the Company transferred a portion of its defined benefit corporate pension plan to a defined
contribution pension plan. As a result, the Company applied the Accounting for Transfers between Retirement
Benefit Plans (ASBJ Guidance No. 1, December 16, 2016) and the Practical Solution on Accounting for Transfers
between Retirement Benefit Plans (PITF No. 2, February 7, 2007). No gain or loss was recognized as a result of thistransition.

13

(Segment information)
I Nine months ended December 31, 2022 (from April 1, 2022 to December 31, 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)

Others(Note 3)

Total

UnitedStatesEurope48,98831,0194,241

14,455

17,490116,195

170

116,365

5,531

77

90

309

1,794

7,802

1,510

9,312

54,52031,096

4,331

14,764

19,284

123,997

1,680

125,678

1,000(3,011)

(442)

2,098

846

490

37

528

Japan

Asia

China

Total

Note: 1. Our Group consists of the Company and these overseas corporations which are based on a manufacturing andsales structure. As such, “Japan”, “the United States”, “Europe”, “Asia” and “China” are our five reportablesegments.
2. Major countries or regions belong to each reportable segment
Europe ··············· the Czech Republic, Russia, Germany
Asia ················· Thailand, Indonesia, Vietnam
3. “Others” 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
490
Income for “Others”
37
Intersegment eliminations
147
Operating income on consolidated statements of income
675
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 Nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)
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)

Others(Note 3)

Total

UnitedStatesEurope52,55533,235

4,489

16,31015,314

121,905229

122,135

5,152

46

55

291

1,325

6,872

1,551

8,423

57,70833,282

4,545

16,602

16,639128,7781,780

130,558

1,160(2,222)

52

2,642

1,290

2,923

92

3,016

Japan

Asia

China

Total

Note: 1. Our Group consists of the Company and these overseas corporations which are based on a manufacturing andsales structure. As such, “Japan”, “the United States”, “Europe”, “Asia” and “China” are our five reportablesegments.
2. Major countries or regions belong to each reportable segment
Europe ··············· the Czech Republic, Germany
Asia ················· Thailand, Indonesia, Vietnam
3. “Others” 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
2,923
Income for “Others”
92
Intersegment eliminations
142
Operating income on consolidated statements of income
3,159
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)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

(Apr. 1, 2022–December.31, 2022)(Apr. 1, 2023–December.31, 2023)

AmountAmountAmount%FY2022

Increase/Decrease(Apr 1.2022-Mar 31,2023)

AmountAmount%%For Automobile

89,71977.1

95,577

78.3

5,858

6.5

114,41776.5

For Construction &Industrial machine

22,881

19.7

23,089

18.9

208

0.9

30,283

20.3

For Air conditioner

1,629

1.4

1,698

1.4

69

4.2

2,090

1.4

Other

2,136

1.8

1,768

1.4

-367

-17.2

2,622

1.8

116,365
100.0
122,135
Total
Notes: Amounts less than one million yen have been truncated.

100.0

5,769

5.0

149,413100.0

16