Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2019
(J-GAAP)
August 3, 2018
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 6, 2018
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, 2019
(April 1, 2018 to June 30, 2018)(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
33,498
14.6
1,819
8.0
1,899
June30, 2018
Three months ended
29,23615.1
1,685 152.0
1,957
June30, 2017
Note: Comprehensive income
Three months ended June 30, 2018: ¥203 million -68.2%
Three months ended June 30, 2017: ¥638 million ―%Net income per share
Diluted net income per share
Three months ended
June30, 2018
Three months ended
June30, 2017

Yen

Yen

122.11―150.09―Profit attributable toowners of parent% Millions of yen
%

-3.0

971

-18.7

225.5

1,194

504.1

Note: We consolidated each unit of 10 common shares into a unit of one share on October 1, 2017. Net income per share is calculated on theassumption that the consolidation of shares was conducted at beginning of the previous consolidated fiscal year.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Net assets per share

Millions of yen%

Yen

46,31348.1

5,598.05

46,63948.1

5,635.91

Three months ended
92,653
June30, 2018
Fiscal year ended
93,320March 31, 2018
Reference: Shareholders’ equity
As of June 30, 2018: ¥44,559 million
As of March 31, 2018 : ¥44,861 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Fiscal year ended
3.00――
March 31, 2018
Fiscal year ending―
March 31, 2019
Fiscal year ending
March 31, 2019
40.00―
(Forecast)
Note: Revisions to the forecast of dividends since the latest official announcement: No
1

Year-end
Yen

Total
Yen

60.00

―

50.00

90.00

We consolidated each unit of 10 common shares into a unit of one share on October 1, 2017. The amount of theyear-end dividends per share for the fiscal year ended March 31, 2018, is described taken consolidation of shares into
consideration, and annual dividends per share is described as “―.” The annual dividends per share which is converted
by the basis after consolidation of shares for the fiscal year ended March 31, 2018, are 90 yen.

3. Forecast of Consolidated Financial Performance for the Fiscal Year Ending March 31, 2019
(April 1, 2018 to March 31, 2019)(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 shareYen

2nd Quarter ending
67,400
14.4
3,000
11.7
3,000
-2.0
1,900
29.4
238.70
September 30, 2018
Fiscal year ending
136,500
9.6
6,100
5.3
6,200
-3.8
2,700
-26.8
339.20March 31, 2019
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, 2018: 8,344,405 shares
As of March 31, 2018 : 8,344,405 shares
2) Number of shares of treasury stock at end of period
As of June 30, 2018: 384,563 shares
As of March 31, 2018 : 384,514 shares
3) Average number of shares outstanding during the period
Three months ended June 30, 2018: 7,959,869 shares
Three months ended June 30, 2017: 7,961,811 shares
Note: We consolidated each unit of 10 common shares into a unit of one share on October 1, 2017. Number of shares issued andoutstanding at end of year, Number of shares of treasury stock at end of period and Average number of shares outstanding during
the period are calculated on the assumption that the consolidation of shares was conducted at beginning of the previous consolidated
fiscal year.

* 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, 2019 ······························ 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)································································································· 13
3. Supplementary information
Sales states (consolidated) ···························································································· 15

31. Qualitative Information for the First Quarter of Fiscal Year Ending March 31, 2019(1) Consolidated financial performance
There was a gradual recovery trend in the economic environment during the current first quarter consolidated
accumulative period, with improvements in the corporate earnings environment behind the increase of exports etc.
However, uncertainties remain in overseas political trends, including the protectionist policy management of the U.S.
administration and Geopolitical risk etc.
Under the circumstances, the net sales of the T.RAD Group (on a foreign currency basis) in domestic and overseas
increased from the same period of the previous year. Although the operating income decreased in Japan and Europe, it
increased in the United States, Asia and China. The profit attributable to owner of parent decreased from the same period of
the previous year due to the increase of foreign exchange losses and income taxes.
As a result, net sales during the consolidated cumulative first quarter increased by 4,261 million yen from the previous
fiscal year, amounting to 33,498 million yen (up 14.6% year on year), operating income increased by 133 million yen,amounting to 1,819 million yen (up 8.0% year on year), ordinary income decreased by 57 million yen, amounting to 1,899
million yen (down 3.0% year on year) and profit attributable to owners of parent decreased by 223 million yen, amounting
to 971 million yen (down 18.7% 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 are 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.
From the previous third quarterly consolidated accounting period, Qingdao Toyo Heat Exchanger Co., Ltd. is included
in China segment.
Net Sales
Operating Income (Loss)
Three months Three months
ended
ended
June 30, 2017 June 30, 2018

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)

13,533
7,706
871
4,034
2,809

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

1,363
-77
242
418
2,351

280

244

-36

Three months Three months
ended
ended
June 30, 2017 June 30, 2018

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

10.1
4.5
13.5
8.9
77.9

421
243
(58)
474
497

389
271
(272)
609
709

-31
27
-213
134
212

-7.5
17.7
-320.2
27.0
37.5

-12.9

106

110

3

3.6

Total
29,23633,498
4,261
15.2
1,685
1,819
133
7.6
*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 machines
increased from the same period of the previous year due to the increase of demand for China and favorable Mining market.
As a result, the net sales in the Japan segment increased by 1,363 million yen, resulting in 14,896 million yen.
Operating income decreased by 31 million yen from the same period of the previous year due to rising raw material
price and increase of R&D expenses and etc., resulting in 389 million yen.
(ii) United States
The net sales of products for the automobile industry increased from the same period of the previous year by thecommencement of mass production of models for which orders were newly received although decrease of existing models.
The net sales of products for construction and industrial machines increased due to the increase of demands by the major
customers.

4

As a result, the net sales in the United States segment increased by 4.5% on a foreign currency basis from the same periodof the previous year. But on a yen basis, it decreased 77 million yen by exchange rate fluctuations, resulting in 7,629 million
yen.
Operating income increased by 27 million yen from the same period of the previous year, resulting in 271 million yen.
On a foreign currency basis, it increased by 17.7%.
(iii) Europe
The net sales of products for the automobile industry and products for air conditioners increased from the same period of
the previous year, contributed by the increase of orders received from major customers in Czech Republic. As a result, thenet sales in the Europe segment increased by 242 million yen from the same period of the previous year, resulting in 1,114
million yen. On a foreign currency basis, it increased by 13.5%.
Operating loss of 272 million yen was posted, worsening by 213 million yen from the same period of the previous year
by increased cost associated with launch of a new order model in Czech Republic. On a foreign currency basis, it decreased
by 320.2%.
(iv) Asia
The net sales of products for the automobile industry increased from the same period of the previous year by the favorable
sales of the orders received for our models in ASEAN subsidiaries. As a result, the net sales in the Asia segment increased
by 418 million yen from the same period of the previous year, resulting in 4,452 million yen. On a foreign currency basis, it
increased by 8.9%.
Operating income increased by 134 million yen from the same period of the previous year, resulting in 609 million yen.
On a foreign currency basis, it increased by 27.0%.
(v) China
The net sales of products for the automobile industry largely increased from the same period of the previous year due to a
new addition of net sales of Qingdao Toyo Heat Exchanger Co., Ltd. We acquired its shares additionally and making it asubsidiary from the previous third quarterly consolidated accounting period. Net sales of products for construction andindustrial machines increased from the same period of the previous year due to increase in orders influenced by thefavorable Chinese market. As a result, the net sale in the China segment increased by 2,351 million yen from the same
period of the previous year, resulting in 5,161 million yen. On a foreign currency basis, it increased by 77.9%.
The operating income increased by 212 million yen from the same period of the previous year, resulting in 709 million
yen. On a foreign currency basis, it increased by 37.5%.

(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 92,653 million yen (down 667
million yen from the end of the previous fiscal year) due to the decrease of tangible fixed assets etc.
Although accounts payable-trade increased, Total liabilities resulted in 46,339 million yen (down 341 million yen) due
to the decrease of long-term loans payable.
Although retained earnings increased, Net assets resulted in 46,313 million yen (down 325 million yen) due to foreign
currency translation adjustment decreased.
2) Cash flows
Cash and cash equivalents at the end of the current first quarter of the fiscal year under review totaled 10,836 million yen,decrease of 1,129 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 1,586 million yen, decrease of 844 million yen year on year due to theincrease of working capital accompanying with the increase of net sales and the payment of settlement etc. Net cash used ininvesting activities was 1,614 million yen, an increase of 259 million yen year on year. Net cash used in financing activities
was 900 million yen, a decrease of 1,717 million yen year on year due to decrease loans payable etc.
(3) Future projections including forecasts of consolidated financial performance
We did not revise the forecast of consolidated financial performance released on May 14, 2018, 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)
FY2018_1Q

FY2017
As of March 31, 2018

As of June 30, 2018

AmountAmount(Assets)
Current assets
Cash and deposits

12,128

10,902

Notes and accounts receivable-trade24,92826,008

Electronically recorded monetary claims-operating

2,659

2,682

Short-term investment securities

399

399

Merchandise and finished goods

2,728

2,874

Work in process

594

544

Raw materials and supplies

5,097

5,094

Others

2,253

2,444

Allowance for doubtful accounts

(85)

(83)

50,70450,868

Building and structures, net

6,528

6,334

Machinery, equipment and vehicles, net

16,287

15,876

Land

2,602

2,577

Lease assets, net

122

111

Construction in progress

3,476

3,213

Other tangible fixed assets, net

2,236

2,196

Total tangible fixed assets

31,25430,310Total current assets
Noncurrent assets
Tangible fixed assets

Intangible assets
Goodwill

583

523

Others

1,068

1,145

Total intangible assets

1,651

1,668

Investment securities

8,470

8,584

Net defined benefit asset

467

454

Investments and other assets

Deferred tax assets

59

45

Others741

749

Allowance for doubtful accounts

(28)

(28)

Total investments and other assets
Total noncurrent assets
Total assets

6

9,710

9,805

42,616

41,784

93,32092,653

(Millions of yen)
FY2018_1Q

FY2017
As of March 31, 2018

As of June 30, 2018

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

14,086

14,947

Electronically recorded obligations – operating

4,703

5,043

Short-term loans payable

7,646

8,323

Lease obligations

378

314

Income taxes payable

563

521

Accrued expenses

3,289

3,381

Provision for bonuses

1,468

794

Provision for directors’ bonuses

96

23

Provision for product warranties

206

208

Provision for shareholders benefit program

62

56

Electronically recorded obligations - non-operating

757

844

Others

2,384

1,734

Total current liabilities

35,642

36,194Long-term loans payable

8,582

7,298

Lease obligations

735

667

Deferred tax liabilities

1,480

1,945

Noncurrent liabilities

Provision for directors' retirement benefits

44

Net defined benefit liability

95

93

Asset retirement obligations

89

89

Others51

45

11,03910,14546,681

46,339

8,545

8,545

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

7,434

7,434

Retained earnings

27,37627,870Treasury stock

(899)

(900)

Total shareholders’ equity

42,45742,951

Valuation difference on available-for-sale securities

1,047

1,154

Foreign currency translation adjustment

679

(206)

Remeasurements of defined benefit plans

677

659

Total accumulated other comprehensive income

2,404

1,608

Non-controlling interests

1,777

1,753

Total net assets

46,63946,313

Total liabilities and net assets

93,32092,653

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, 2018

Three months ended
June 30, 2017
(Apr. 1, 2017–June 30, 2017)(Apr. 1, 2018–June 30, 2018)

AmountAmountNet sales

29,23633,498

Cost of sales

25,51829,129Gross profit

3,717

4,368

Packing and delivery expenses

323

430

Salaries and allowances

389

453

Provision for bonuses

121

139

Provision for directors’ bonuses

16

23

Selling, general and administrative expenses

Retirement benefit expenses

16

14

Welfare expenses

242

265

Provision for product warranties

841

Research and development expenses

264

354

Others648825

Total selling, general and administrative expenses

2,032

2,549

Operating income (loss)

1,685

1,819

14

28

Dividends income

113

107

Equity in earnings of affiliates

101

45

Foreign exchange gains

19－

Non-operating income
Interest income

Others77

60

Total non-operating income

327

242

Non-operating expenses
Interest expenses

51

61

Foreign exchange losses－

100

Loss on investments in partnership

0－

Others3

1

Total non-operating expenses

55

162

1,957

1,899

Ordinary income (loss)8

(Millions of yen)Three months ended
June 30, 2018

Three months ended
June 30, 2017
(Apr. 1, 2017–June 30, 2017)(Apr. 1, 2018–June 30, 2018)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

12

12

Total extraordinary income

1212Loss on sales of noncurrent assets

00Loss on retirement of noncurrent assets

13

11Surcharges

59

12

Total extraordinary loss

74

24

Income (loss) before income taxes

1,895

1,887

Income taxes-current

294

397

Income taxes-deferred

362

451

Total income taxes

657

848

Profit (loss)

1,238

1,038

43

66

1,194

971

Extraordinary loss

Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Three months ended
June 30, 2018

Three months ended
June 30, 2017

Profit (loss)(Apr. 1, 2017–June 30, 2017)(Apr. 1, 2018–June 30, 2018)

AmountAmount
1,238

1,038

26

107

(586)

(891)

(7)

(17)

(33)

(33)

Total other comprehensive income

(600)

(835)

Comprehensive income

638

203

Comprehensive income attributable to owners of the parent

625

176

Comprehensive income attributable to non-controlling interests

13

27

Other comprehensive income
Valuation difference on available-for-sale securities
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, 2018

Three months ended
June 30, 2017
(Apr. 1, 2017–June 30, 2017)(Apr. 1, 2018–June 30, 2018)

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

1,895

1,887

Depreciation and amortization

1,275

1,366

Retirement benefit expenses

(11)

(25)

Increase(decrease) in net defined benefit liability

13

15

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

(35)

0

Increase (decrease) in provision for bonuses

(599)

(673)

Increase (decrease) in provision for directors' bonuses

(36)

(72)

Increase (decrease) in provision for product warranties(9)7

Loss on retirement of noncurrent assets

13

11

Loss(gain) on sales of tangible fixed assets

(11)

(12)

Surcharges
Interest and dividends income
Interest expenses

59

12

(128)

(136)

51

61

Equity in (earnings) losses of affiliates

(101)

(45)

Decrease(increase) in notes and accounts receivable-trade(1,539)(1,528)Decrease(increase) in inventories

(139)

(349)

Increase(decrease) in notes and accounts payable-trade

1,843

1,509

Decrease(increase) in other current assets

(118)

(209)

Increase (decrease) in other current liabilities

355

518

Other, net

(32)

80

Subtotal

2,745

2,417

Interest and dividends income received

130

189

Interest expenses paid

(50)

(60)

Income taxes paid

(344)

(397)

Surcharges paid

(50)

(561)

Net cash provided by (used in) operating activities

2,430

1,586

11

(Millions of yen)Three months ended
June 30, 2018

Three months ended
June 30, 2017
(Apr. 1, 2017–June 30, 2017)(Apr. 1, 2018–June 30, 2018)

AmountAmountNet cash provided by (used in) investing activities
Purchase of tangible fixed assets(1,310)(1,569)Proceeds from sales of tangible fixed assets

37

29

Others(82)(74)(1,355)(1,614)

Net increase (decrease) in short-term loans payable

367

(144)

Proceeds from long-term loans payable

1,300

－

Repayment of long-term loans payable

(369)

(99)

1

－

Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from share insurance to non-controlling shareholders
Purchase of treasury stock

(0)

(0)

Cash dividends paid

(238)

(477)

Cash dividends paid to non-controlling shareholders

(52)

(51)

Others

(191)

(127)

Net cash provided by (used in) financing activities

816

(900)

Effect of exchange rate change on cash and cash equivalents

(84)

(201)

Net increase (decrease) in cash and cash equivalents

1,807(1,129)Cash and cash equivalents at beginning of period

6,216

11,965

Cash and cash equivalents at end of period

8,023

10,83612

(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)(Application of Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.)
We have been applying the “ Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.” (ASBJ
Statement No.28, February 16, 2018) from beginning of the first quarterly consolidated accounting period.
This has led to Deferred tax assets has been presented to Investments and other assets and Deferred tax liabilities
has been presented to Noncurrent liabilities.
(Segment information)
I Three months ended June 30, 2017 (from April 1, 2017 to June 30, 2017)
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)

4,034

2,809

28,955280

29,236

154

21

352

1,934

772

2,707

7,750

1,026

4,055

3,161

30,8901,053

31,943

243

(58)

474

497

1,578

69

1,648

Japan

UnitedStatesEurope13,533

7,706

871

1,361

43

14,895
421

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
1,578
Income for “Other”
69
Intersegment eliminations
36
Operating income on consolidated statements of income
1,685
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 applicable13

II 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)

Other(Note 3)

Total

Japan

UnitedStatesEurope14,896

7,629

1,114

4,452

5,161

33,253244

33,498

1,354

44

155

16

449

2,019

831

2,851

16,251

7,673

1,269

4,468

5,610

35,273

1,076

36,349

389

271

(272)

609

709

1,708

46

1,755

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
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

3. Supplementary information
Sales states (consolidated)(Millions of yen)Three months ended
June 30,2017Three months ended
June 30, 2018

(Apr. 1, 2017–June. 30, 2017)(Apr. 1, 2018–June.30, 2018)

AmountAmount%%

FY2017

Increase/Decrease(Apr 1.2017-Mar 31,2018)

AmountAmount%%For Automobile

20,742

70.9

23,741

70.9

2,998

14.5

88,18570.8

For Construction &Industrial machine

6,315

21.6

7,491

22.3

1,176

18.6

26,957

21.7

For Air conditioner

1,302

4.5

1,476

4.4

173

13.4

5,721

4.6

Other

876

3.0

789

2.4

-87

-10.0

3,625

2.9

29,236100.0
33,498100.0
Total
Notes: Amounts less than one million yen have been truncated.

4,261

14.6

124,490100.0

15