Consolidated Financial Results for the 3rd Quarter of Fiscal Year Ending March 31, 2021
(J-GAAP)
February 8, 2021
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 3rd quarter securities report:
February 9, 2021
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, 2021
(April 1, 2020 to December 31, 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

Nine months ended
79,569 -18.0
(299)
(217)
―
December31, 2020
Nine months ended
97,034-5.7
1,857 -57.4
1,845
December31, 2019
Note: Comprehensive income
Nine months ended December 31, 2020: ¥ —2,588 million ―%Nine months ended December 31, 2019: ¥484 million —55.9%
Net income per share
Diluted net income per share
Nine months ended
December31, 2020
Nine months ended
December31, 2019

Yen

Yen

(236.41)―

196.37―(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen%―(1,706)

―

-60.3

1,463

-28.9

Equity ratio

Net assets per share

Millions of yen%

Yen

41,58446.0

5,449.08

44,84648.1

5,916.09

Nine months ended
85,616
December31, 2020
Fiscal year ended
88,493
March 31, 2020
Reference: Shareholders’ equity
As of December 31, 2020: ¥39,423 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
0.00――
March 31, 2021
Fiscal year ending
March 31, 2021
0.00―
(Forecast)
Note: Revisions to dividend forecasts since the latest official announcement: Yes
For revisions to dividend forecasts, please refer to “Notice of Revisions to Forecasts of Financial Performance andDividend Forecasts (No Dividend)” that we announced today (February 8, 2021).

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 share
Yen

Fiscal year ending
113,100-13.3
1,200 -57.8
1,300-54.9 (2,300) -260.3(317.90)
March 31, 2021
Note: Revisions to 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 Forecasts ofFinancial Performance and Dividend Forecasts (No Dividend)” that we announced today (February 8, 2021).

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 December 31, 2020: 8,380,711 shares
As of March 31, 2020: 8,344,405 shares
2) Number of shares of treasury stock at end of period
As of December 31, 2020: 1,145,729 shares
As of March 31, 2020: 1,145,320 shares
3) Average number of shares outstanding during the period
Nine months ended December 31, 2020: 7,219,049 shares
Nine months ended December 31, 2019: 7,454,154 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 Third 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 Third Quarter of Fiscal Year Ending March 31, 2021
(1) Consolidated financial performance
As for the economic environment during the third quarter of the current consolidated cumulative period, the global
economy deteriorated significantly due to the spread of novel coronavirus infections. It is concerned that severe economic
conditions will continue in the future as the economy depends on the epidemic trend of the infection.
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 China. Operating income, ordinary income and the profit
attributable to owner of parent decreased in domestic and overseas except China and Europe.
As a result, net sales during the consolidated cumulative third quarter decreased by 17,465 million yen from theprevious fiscal year, amounting to 79,569 million yen (down 18.0% year on year). Operating loss of 299 million yen was
posted, worsening by 2,157 million yen year on year. Ordinary loss of 217 million yen was posted, worsening by 2,063
million yen year on year. Loss attributable to owners of parent of 1,706 million yen was posted, worsening by 3,170 million
yen year on year.
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 isSeptember 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.
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 Others.
Net Sales
Operating Income (Loss)
Nine months Nine months
ended
ended
December 31, December 31,
2019
2020

Japan
United States

EuropeAsia
China
Others(including
eliminations)

Increase/
Decrease

Percentage change(on a foreign
currency basis)*

Nine months
ended
December 31,
2019

Nine months
ended
December 31,
2020

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)

42,76024,0071,970
13,071
14,41635,566
17,152
1,875
8,119
16,057-7,193-6,854-95-4,951
1,640

-16.8
-27.1
0.2
-33.2
7.6

(614)
(635)
(810)
1,609
1,917

(1,248)(1,563)
(317)
632
2,099

-633
-928
493
-976
181

-103.0-151.1
60.4
-58.6
6.7

809

798

-11

-1.7

391

98

-293

-75.0

Total
97,03479,569-17,465
-17.2
1,857
(299)
-2,157-116.2*The percentage changes (on a foreign currency basis) in the chart are the percentage changes after correcting for differences
arising from fluctuations in the foreign exchange rates applicable to overseas net sales.
(i) Japan
Net sales of products for automobile industry and construction industrial machines declined sharply from the previous fiscal
year due to a decrease in sales by major customers in line with the spread of novel coronavirus infections. As a result, thenet sales in the Japan segment decreased by 7,193 million yen, resulting in 35,566 million yen.
Operating loss of 1,248 million yen was posted, worsening by 633 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 declined sharply 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 6,854 million yen from the same period of the previous year, resulting in 17,152
million yen. On a foreign currency basis, it decreased by 27.1%.
Operating loss of 1,563 million yen was posted, worsening by 928 million yen from the same period of the previous
year, due to the net sales declined etc.

4

(iii) Europe
The net sales of products for the automobile industry decreased from the previous fiscal year due to a decrease in sales bymajor customers as the novel coronavirus infection spread in Russia despite 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 decreased by 95 million yen fromthe same period of the previous year, resulting in 1,875 million yen. On a foreign currency basis, it increased by 0.2%.
Operating loss of 317 million yen was posted, improved by 493 million yen from the same period of the previous year,
due to the stable production of newly ordered models in the Czech Republic etc. On a foreign currency basis, it increased
by 60.4%.
(iv) Asia
The net sales of products for the automobile industry declined sharply from the previous fiscal year due to a decrease insales by major customers as the novel coronavirus infection spread in Thailand, Indonesia and Vietnam. As a result, the net
sales in the Asia segment decreased by 4,951 million yen from the same period of the previous year, resulting in 8,119
million yen. On a foreign currency basis, it decreased by 33.2%.
Operating income decreased by 976 million yen from the same period of the previous year due to decreased of net sales
etc., resulting in 632 million yen. On a foreign currency basis, it decreased by 58.6%.
(v) China
Net sales of products for automobile industry and construction industrial machines increased from the previous fiscal year
due to recovered from the impact of the spread of novel coronavirus ahead of other countries. As a result, the net sale in the
China segment increased by 1,640 million yen from the same period of the previous year, resulting in 16,057 million yen.
On a foreign currency basis, it increased by 7.6%.
The operating income increased by 181 million yen from the same period of the previous year due to decreased of net
sales etc., resulting in 2,099 million yen. On a foreign currency basis, it increased by 6.7%.
(2) Consolidated financial position
1) Assets, liabilities and net assets
Total assets at the end of current third quarter of the fiscal year under review resulted in 85,616 million yen (down 2,876
million yen from the end of the previous fiscal year) due to the decrease of inventories and tangible fixed assets etc.
Total liabilities resulted in 44,032 million yen (up 385 million yen) due to the increase of accounts payable-trade etc.
Net assets resulted in 41,584 million yen (down 3,262 million yen) due to the decrease of retained earnings and foreign
currency translation adjustment etc.
2) Cash flows
Cash and cash equivalents at the end of the current third quarter of the fiscal year under review totaled 15,279 million yen,increase of 784 million yen from the end of the previous fiscal year.
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 amounted to 5,505 million yen (an increase of 3,698 million yen
year-on-year).
Net cash provided in investing activities was 233 million yen due to the sales of investment securities etc. in the same
period of the previous year. On the other hand, net cash used in investing activities was 3,540 million yen mainly due to theacquisition of tangible fixed assets in the current fiscal year.
As a result, the free cash flow, which is the sum of the net cash provided by operating activities and used in investing
activities, amounted to 1,964 million yen (a decrease of 75 million yen year-on-year).
Furthermore, net cash used in financing activities resulted in a cash outflow of 64 million yen (a decrease of 970 million
yen year-on-year).
(3) Future projections including forecasts of consolidated financial performance
We revised the forecast of consolidated financial performance released on May 18, 2020. For details, please refer to“Notice of Revisions to Forecasts of Financial Performance and Dividend Forecasts (No Dividend)” that weannounced today (February 8, 2021).

5

2. Quarterly Consolidated Financial Statements and main notes(1) Quarterly consolidated balance sheets(Millions of yen)
FY2020_3Q

FY2019As of March 31, 2020

As of December 31,
2020

AmountAmount(Assets)
Current assets
Cash and deposits

13,41915,005

Notes and accounts receivable-trade22,274

22,155

Electronically recorded monetary claims-operating

3,873

3,313

Short-term investment securities

499

489

Merchandise and finished goods

3,864

3,147

Work in process

741

549

Raw materials and supplies

5,725

5,511

Others

2,603

2,485

Allowance for doubtful accounts

(73)

(162)

52,92752,495

Building and structures, net

6,501

5,982

Machinery, equipment and vehicles, net

15,687

14,900

Land

2,374

2,330

Total current assets
Noncurrent assets
Tangible fixed assets

Lease assets, net

526

447

Construction in progress

4,104

3,621

Other tangible fixed assets, net

2,131

2,010

Total tangible fixed assets

31,32629,292

Goodwill

111

24

Others

1,173

1,198

Total intangible assets

1,284

1,222

2,206

1,946

Intangible assets

Investments and other assets
Investment securities
Deferred tax assets

78

60

Others681

611

Allowance for doubtful accounts

(13)

(13)

Total investments and other assets

2,953

2,606

35,56533,12088,49385,616

Total noncurrent assets
Total assets

6

(Millions of yen)
FY2020_3Q

FY2019As of March 31, 2020

As of December 31,
2020

AmountAmount(Liabilities)
Current liabilities
Notes and accounts payable-trade12,14913,127

Electronically recorded obligations – operating

3,414

4,054

Short-term loans payable

6,205

10,942

Lease obligations

611

490

Income taxes payable

791

287

Accrued expenses

2,779

2,568

Provision for bonuses

1,282

518

Provision for directors’ bonuses

43－

Provision for product warranties

181

212

Provision for shareholders benefit program

39－

Provision for loss on order received

92

87

Electronically recorded obligations - non-operating

384

628

Asset retirement obligations

200

100

Others

1,495

1,533

Total current liabilities

29,671

34,551Long-term loans payable

10,0395,944

Lease obligations

2,350

2,006

Deferred tax liabilities

940

900

Noncurrent liabilities

4－

Net defined benefit liability

410

440

Asset retirement obligations

91

91

Provision for directors' retirement benefits

OthersTotal noncurrent liabilities
Total liabilities

138

97

13,9749,480

43,64644,032

8,545

8,570

(Net assets)
Shareholders’ equity
Capital stock
Capital surplus

7,496

7,521

Retained earnings

29,06526,999Treasury stock(2,257)(2,258)

Total shareholders’ equity

42,85040,832(6)(4)

Foreign currency translation adjustment(405)(1,550)Remeasurements of defined benefit plans

152

146

Total accumulated other comprehensive income(259)(1,408)Non-controlling interests

2,256

2,160

Total net assets

44,846

41,584

Total liabilities and net assets

88,49385,616

Accumulated other comprehensive income
Valuation difference on available-for-sale securities7(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, 2020

Nine months ended
December 31, 2019
(Apr. 1, 2019–December 31, 2019)(Apr. 1, 2020–December 31, 2020)

AmountAmountNet sales

97,03479,569

Cost of sales

87,44373,174Gross profit

9,591

6,394

Packing and delivery expenses

1,137

947

Salaries and allowances

1,779

1,576

Provision for bonuses

186

147

Provision for directors’ bonuses

25－

Selling, general and administrative expenses

Retirement benefit expenses

58

63

Welfare expenses

965

836

Provision for product warranties

151

180

Research and development expenses

913

851

Others

2,515

2,091

Total selling, general and administrative expenses

7,733

6,693

Operating income (loss)

1,857

(299)

Interest income

105

95

Dividends income

1033

Foreign exchange gains－

17

Subsidy income－

112

Non-operating income

Gain on investments in partnership

5－

Others75

197

Total non-operating income

289

427

Interest expenses

232

210

Foreign exchange losses

38－

Equity in losses of affiliates

12

122

Non-operating expenses

Others18

13

Total non-operating expenses

301

345

Ordinary income (loss)

1,845

(217)

8

(Millions of yen)
Nine months ended
December 31, 2020

Nine months ended
December 31, 2019
(Apr. 1, 2019–December 31, 2019)(Apr. 1, 2020–December 31, 2020)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

38

43

Gain on sales of investment securities

1,428

－

Total extraordinary income

1,467

43

Extraordinary loss
Loss on sales of noncurrent assets

13

33

Loss on retirement of noncurrent assets

112

156

Loss on sales of investment securities

382－

Loss on liquidation of subsidiaries and associates－

11

Provision of allowance for doubtful accounts of golf club membership

0－

Surcharges

23

3

Total extraordinary loss

532

205

Income (loss) before income taxes

2,780

(379)

Income taxes-current

1,436

1,030

Income taxes-deferred

(341)

(17)

Total income taxes

1,094

1,013

Profit (loss)

1,685(1,393)

Profit (loss) attributable to non-controlling interests

221

313

Profit (loss) attributable to owners of parent

1,463(1,706)9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Nine months ended
December 31, 2020

Nine months ended
December 31, 2019
(Apr. 1, 2019–December 31, 2019)(Apr. 1, 2020–December 31, 2020)

AmountAmount1,685(1,393)

Valuation difference on available-for-sale securities

(410)

1

Foreign currency translation adjustment(773)(1,057)

Remeasurements of defined benefit plans, net of tax

(19)

(5)

2

(134)

(1,201)(1,195)484(2,588)Comprehensive income attributable to owners of the parent

368(2,855)Comprehensive income attributable to non-controlling interests

115

267

Profit (loss)
Other comprehensive income

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

10(3) Quarterly consolidated statements of cash flows(Millions of yen)
Nine months ended
December 31, 2020

Nine months ended
December 31, 2019
(Apr. 1, 2019–December 31, 2019)(Apr. 1, 2020–December 31, 2020)

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

2,780

(379)

Depreciation and amortization

4,486

4,679

Retirement benefit expenses

(28)

(9)

Increase(decrease) in net defined benefit liability

53

46

Increase (decrease) in provision for directors' retirement benefits

1(4)Increase (decrease) in allowance for doubtful accounts

(1)

90

Increase (decrease) in provision for bonuses

(597)

(762)

Increase (decrease) in provision for directors' bonuses

(58)

(43)

Increase (decrease) in provision for product warranties

(0)

33

Loss on retirement of noncurrent assets

112

156

Loss(gain) on sales of tangible fixed assets

(24)

(9)

Surcharges

23

3Interest and dividends income

(208)

(99)

Interest expenses

232

210

Foreign exchange losses (gains)

－

(11)

Equity in (earnings) losses of affiliates

12

122

Decrease(increase) in notes and accounts receivable-trade

(238)

249

Decrease(increase) in inventories(1,732)

765

Increase(decrease) in notes and accounts payable-trade(1,062)

1,741

Loss (gain) on sales of investment securities(1,046)－

Decrease(increase) in other current assets

248

(183)

Increase (decrease) in other current liabilities

301

261

Other, net

3460

Subtotal

3,287

6,916

Interest and dividends income received

378

91

Interest expenses paid

(231)

(205)

Income taxes paid

(1,367)(1,294)

Surcharges paid

(258)

(3)

Net cash provided by (used in) operating activities

1,807

5,505

11

(Millions of yen)
Nine months ended
December 31, 2020

Nine months ended
December 31, 2019
(Apr. 1, 2019–December 31, 2019)(Apr. 1, 2020–December 31, 2020)

AmountAmountNet cash provided by (used in) investing activities(5,568)Purchase of tangible assets(3,524)48

174

Purchase of intangible assets

(296)

(210)

Proceeds from sales of investment securities

5,707

1

Payments into time deposit

(22)

(786)

Proceeds from withdrawal of time deposits

331

761

Proceeds from sales of tangible fixed assets

Others31

42

Net cash provided by (used in) investing activities

233(3,540)

867

1,616

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

2,338

－

Repayment of long-term loans payable(1,685)(760)

Purchase of treasury stock(1,356)(0)Cash dividends paid

(685)

(359)

Cash dividends paid to non-controlling shareholders

(168)

(97)

－

(59)

Others

(343)

(402)

Net cash provided by (used in) financing activities(1,034)(64)

Payments from changes in ownership interests in subsidiaries that do not
result in change in scope of consolidation

Effect of exchange rate change on cash and cash equivalents

(338)

(346)

Net increase (decrease) in cash and cash equivalents

667

1,554

Cash and cash equivalents at beginning of period

13,826

13,724

Cash and cash equivalents at end of period

14,494

15,27912

(4) Notes to quarterly consolidated financial statements(Going concern assumptions)Not applicable(Notes in the event of significant changes in shareholders’ equity)
According to the Board of Directors’ resolution on July 20, 2020, we issued new shares on August 20, 2020, as
restricted stock compensation (transfer-restricted share compensation) for directors and managing executive
officers. The capital stock increased by 24 million yen, and the capital surplus increased by 24 million yen
during the third quarter of the current consolidated cumulative period.
As a result, as of the end of the third quarter of the current consolidated fiscal year, the capital stock was 8,570
million yen, and the capital surplus was 7,521 million yen.
(Additional information)(About the accounting estimate associated with the spread of novel coronavirus infections)
During the third quarter of the current consolidated cumulative period, regarding the impact of the spread ofnovel coronavirus, our financial estimates were made after considering the latest sales information. The
estimates were based on the assumptions (the sales are assumed to recover from July 2020 through March 2021
gradually) made in the previous consolidated fiscal year (ending March 2020).

13

(Segment information)
I Nine months ended December 31, 2019 (from April 1, 2019 to December 31, 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)

Asia

China

Total

Others(Note 3)

1,970

13,071

14,41696,225809

97,034

115

346

48

1,294

6,814

2,420

9,235

47,771

24,122

2,316

13,11915,710103,040

3,229

106,270

(614)

(635)

(810)

1,609

1,917

1,466

116

1,582

Japan

UnitedStatesEurope42,76024,007

5,011

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. “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
1,466
Income for “Others”
116
Intersegment eliminations
275
Operating income on consolidated statements of income
1,857
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, 2020 (from April 1, 2020 to December 31, 2020)
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

UnitedStatesEurope35,566

17,152

3,872
39,439(1,248)Others(Note 3)

Total

Asia

China

Total

1,875

8,119

16,057

78,771

798

79,569

188

177

82

1,059

5,380

1,322

6,703

17,341(1,563)

2,052
(317)

8,202
632

17,116
2,099

84,151
(397)

2,120
18

86,272(379)

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. “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(loss)(397)
Income(loss) for “Others”
18
Intersegment eliminations
79
Operating income on consolidated statements of income(loss)(299)
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, 2019

Nine months ended
December 31, 2020

(Apr. 1, 2019–December.31, 2019)(Apr. 1, 2020–December.31, 2020)

Amount%Amount%

FY2019

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

Amount%Amount%For Automobile

72,482

74.6

60,03675.5-12,446-17.2

98,37775.4

For Construction &Industrial machine

19,76920.4

15,86619.9-3,902-19.7

26,147

20.0

For Air conditioner

2,477

2.6

1,510

1.9

-967

-39.0

3,158

2.4

Other

2,305

2.4

2,155

2.7

-150

-6.5

2,841

2.2

97,034100.0
79,569Total
Notes: Amounts less than one million yen have been truncated.

100.0-17,465-18.0

130,524100.0

16