Consolidated Financial Results for the 1st Quarter of Fiscal Year Ending March 31, 2023
(J-GAAP)
August 7, 2023
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
Contact:
Yasushi Hotta, Managing Executive OfficerTel:+81-3-3373-1101
Scheduled date of filing of 1st quarter securities report:
August 8, 2023―
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, 2024
(April 1, 2023 to June 30, 2023)(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
38,557
8.5
1,074
6.6
1,367
June30, 2023
Three months ended
35,553
8.2
1,008
-55.0
1,752
June30, 2022
Note: Comprehensive income
Three months ended June 30, 2023: ¥ 1,278 million (—53.7%)
Three months ended June 30, 2022: ¥ 2,759 million (1.4%)
Net income per share
Diluted net income per share
Three months ended
June30, 2023
Three months ended
June30, 2022

Yen

Yen

70.86

―

143.36―(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Profit attributable toowners of parent% Millions of yen
%

-22.0

462

-50.7

-22.9

936

-28.5

Equity ratio

Net assets per share

Millions of yen%

Yen

45,12944.8

6,671.52

43,85144.9

6,479.13

Three months ended
97,232
June30, 2023
Fiscal year ended
94,098March 31, 2023
Reference: Shareholders’ equity
As of June 30, 2023: ¥43,517 million
As of March 31, 2023 : ¥42,261 million

2. Dividends
1Q

2Q
Yen

Dividends per Share
3Q
Yen
Yen

Year-end
Yen

Total
Yen

Fiscal year ended
80.00
0.00
80.00
―
―
March 31, 2023
Fiscal year ending―
March 31, 2024
Fiscal year ending
March 31, 2024
10.00
10.00
20.00
―
(Forecast)
Note: Revisions to the forecast of dividends since the latest official announcement: Yes
For revisions to dividend forecasts, please refer to “Notice of Revision of Earnings Forecasts (Consolidated andNon-consolidated) and Revision of Dividend Forecasts for the Second Quarter Cumulative Period and the Full YearEnding March 31, 2024” that we announced today (August 7, 2023).
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 ofyenNetincomeper share

%

Yen

nd

2 Quarter ending
80,000
8.1
1,500
82.5
1,800
-6.7
700
128.8
107.32September 30, 2023
Fiscal year ending―
153,000
2.4
2,400 128.6
2,700
29.6
500
76.65
March 31, 2024
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 Revision of Earnings
Forecasts (Consolidated and Non-consolidated) and Revision of Dividend Forecasts for the Second Quarter Cumulative
Period and the Full Year Ending March 31, 2024” that we announced today (August 7, 2023).

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, 2023: 6,712,411 shares
As of March 31, 2023: 6,712,411 shares
2) Number of shares of treasury stock at end of period
As of June 30, 2023: 189,586 shares
As of March 31, 2023: 189,621 shares
3) Average number of shares outstanding during the period
Three months ended June 30, 2023: 6,522,816 shares
Three months ended June 30, 2022: 6,534,843 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
Revisions to non-consolidated earnings forecasts for the first half and full year ending March 31, 2024, have been
made to the forecasts announced on May 15, 2023.
Revised forecast for the second quarter cumulative period
Net sales of 37,000 million yen, operating income of 200 million yen, ordinary income of 2,400 million yen, net
income of 200 million yen, and net income per share of 30.66 yen
Revised full-year forecast
Net sales of 77,000 million yen, operating income of 800 million yen, ordinary income of 5,000 million yen, net
income of 700 million yen, and net income per share of 107.32 yen(Cautionary statement regarding forward-looking statements, etc.)
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 First 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 First Quarter of Fiscal Year Ending March 31, 2024
(1) Consolidated financial performance
In the economic environment during the first quarter of the current fiscal year, the impact of production cutbacks due tothe shortage of semiconductors is easing. However, issues such as the protracted situation in Ukraine, the stagnant Chinese
economy, high global prices, and high energy prices continue to persist, leaving the outlook uncertain.
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 in Asia and Europe due to the increase of net
sales etc. The profit attributable to owner of parent decreased from the same period of the previous year due to the increaseof income taxes-deferred etc.
As a result, net sales during the consolidated cumulative first quarter increased by 3,004 million yen from the previous
fiscal year, amounting to 38,557 million yen (up 8.5% year on year), operating income increased by 66 million yen,amounting to 1,074 million yen (up 6.6% year on year), ordinary income decreased by 385 million yen, amounting to 1,367
million yen (down 22.0% year on year) and profit attributable to owners of parent decreased by 474 million yen, amounting
to 462 million yen (down 50.7% 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 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
Three months Three months
ended
ended
June 30, 2022 June 30, 2023

Japan
United States

Europe
Asia
China
Other
(including
eliminations)Operating Income (Loss)

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

15,053
8,669
1,155
4,710
5,927

16,763
9,692
1,424
5,641
4,963

1,710
1,023
269
931
-963

38

71

33

Three months Three months
ended
ended
June 30, 2022 June 30, 2023

Increase/
Decrease

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

(Millions of yen)

(Millions of yen)

11.4
2.5
9.8
16.3
-19.5

394
(403)
(240)
688
590

268
(680)
72
957
431

-125
-277
312
269
-158

-31.8
-54.6
－
31.2
-27.5

86

(21)

24

45

－

Total
35,55338,557
3,004
4.8
1,008
1,074
66
8.6
*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 and construction industrial machines were increased from the same periodof the previous year due to an increase in orders etc. As a result, the net sales in the Japan segment increased by 1,710
million yen, resulting in 16,763 million yen.
Operating income decreased by 125 million yen from the same period of the previous year due to soaring costs ofmaterials, parts and electricity etc., resulting in 268 million yen.
(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. As a result, the net sales in the United States segment increased by
1,023 million yen from the same period of the previous year, resulting in 9,692 million yen. On a foreign currency basis, it
increased by 2.5%.
Operating income decreased by 277 million yen year-on-year, resulting in operating loss of 680 million yen due tosoaring costs of materials and parts and an increase in labor etc. On a foreign currency basis, it decreased by 54.6%.

4

(iii) Europe
Net sales of products for automobile industry in the Czech Republic were increased from the same period of theprevious year due to the commencement of mass production of models for which orders were newly received etc. As aresult, the net sales in this segment increased by 269 million yen year-on-year to 1,424 million yen. On a foreign currency
basis, it increased by 9.8%.
Operating income increased by 312 million yen year on year to 72 million yen, partly due to the local government’s
electricity cost subsidy policy.
(iv) Asia
Net sales of products for automobile industry decreased from the same period of the previous year due to a decrease inorders etc. in Vietnam. However, the net sales in Thailand and Indonesia increased from the previous fiscal year due toincreased orders received etc. As a result, the net sales in the Asia segment increased by 931 million yen from the same
period of the previous year, resulting in 5,641 million yen. On a foreign currency basis, it increased by 16.3%.
Operating income increased by 269 million yen from the same period of the previous year due to the increase of net
sales etc., resulting in 957 million yen. On a foreign currency basis, it increased by 31.2%.
(v) China
Net sales of products for automobile industry decreased from the same period of the previous year due to a decline incommercial vehicle sales and a decrease in the number of models ordered due to the sluggish market etc. Net sales of
products for construction industrial machines decreased from the same period of the previous year due to a decrease inorders etc. As a result, the net sales in this segment decreased by 963 million yen from the same period of the previous year,
to 4,963 million yen. On a foreign currency basis, it decreased by 19.5%.
Operating income decreased by 158 million yen from the same period of the previous year due to the decrease of net
sales and soaring costs of materials and parts etc., resulting in 431 million yen. On a foreign currency basis, it decreased by
27.5%.
(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 97,232 million yen (up 3,134
million yen from the end of the previous fiscal year) due to the increase of tangible fixed assets and accounts
receivable-trade etc.
Total liabilities resulted in 52,103 million yen (up 1,856 million yen) due to the increase of accounts payable-trade andinterest-bearing liabilities etc.
Net assets resulted in 45,129 million yen (up 1,278 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 first quarter consolidated accumulative period are as
follows.
Net cash provided by operating activities was 1,467 million yen, a decrease of 1,278 million yen year on year due to thedecrease of profit before income taxes.
Net cash used in investing activities was 1,608 million yen, a decrease of 474 million yen year on year due to thedecrease of capital investment and sales of noncurrent assets etc.
Free cash flow, the sum of net cash provided by operating activities and net cash used in investing activities, decreased
by 804 million yen year-on-year. The result was a cash outflow of 141 million yen.
Furthermore, net cash provided by financing activities was 472 million yen, an increase of 1,245 million yen year on
year due to the decrease of cash dividends paid and increase of interest-bearing liabilities etc.
As an above result, cash and cash equivalents at the end of the current first quarter of the fiscal year under review totaled
11,052 million yen, decrease of 2,700 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 and non-consolidated financial performance and dividend forecasts released on
May 15, 2023.
For details, please refer to “Notice of Revision of Earnings Forecasts (Consolidated and Non-consolidated) and Revisionof Dividend Forecasts for the Second Quarter Cumulative Period and the Full Year Ending March 31, 2024” that weannounced today (August 7, 2023).

5

2. Quarterly Consolidated Financial Statements and main notes(1) Quarterly consolidated balance sheets(Millions of yen)
FY2023_1Q

FY2022As of March 31, 2023

As of June 30, 2023

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

10,225

11,483772

749Electronically recorded monetary claims-operating

2,760

3,012

Accounts receivable-trade25,52728,140

Short-term investment securities

489

99

Merchandise and finished goods

4,356

4,002

Work in process

795

785

Raw materials and supplies

10,718

9,767

Others

2,738

2,742

Allowance for doubtful accounts

(246)

(252)

Total current assets

58,13860,531

Noncurrent assets
Tangible fixed assets
Building and structures, net

6,662

6,548

Machinery, equipment and vehicles, net

13,783

13,508

Land

2,444

2,478

Lease assets, net

1,650

1,615

Construction in progress

2,729

3,273

Other tangible fixed assets, net

1,909

2,025

Total tangible fixed assets

29,17929,450

Others

2,153

2,344

Total intangible assets

2,153

2,344

Investment securities

2,967

3,184

Net defined benefit asset

895

915

Deferred tax assets

203

233

Others565

579

Intangible assets

Investments and other assets

Allowance for doubtful accounts

(5)

(5)

Total investments and other assets

4,626

4,906

35,95936,701

94,09897,232

Total noncurrent assets
Total assets

6

(Millions of yen)
FY2023_1Q

FY2022As of March 31, 2023

As of June 30, 2023

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

13,886

14,845

Electronically recorded obligations – operating

4,613

4,480

Short-term loans payable

11,045

11,514

Lease obligations

410

419

Income taxes payable

544

639

Accrued expenses

3,528

3,538

Provision for bonuses

1,355

685

Provision for directors’ bonuses

25

5

Provision for product warranties

661

617

Provision for loss on order received

209

222

Electronically recorded obligations - non-operating

715

730

Others961

1,359

37,95839,057Long-term loans payable

8,159

8,426

Lease obligations

2,831

2,760

Deferred tax liabilities

793

1,353

Net defined benefit liability

292

307

Provision for share awards

29

33

Asset retirement obligations

92

93

Others88

72

12,28813,04550,24652,103

8,570

8,570

Total current liabilities
Noncurrent liabilities

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

7,353

7,353

Retained earnings

22,10022,562

Treasury stock

(452)

(452)

Total shareholders’ equity

37,571

38,03411

16

Foreign currency translation adjustment

3,700

4,509

Remeasurements of defined benefit plans

977

956

Total accumulated other comprehensive income

4,690

5,482

Non-controlling interests

1,589

1,612

Total net assets

43,85145,129Total liabilities and net assets

94,09897,232

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)Three months ended
June 30, 2023

Three months ended
June 30, 2022
(Apr. 1, 2022–June 30, 2022)(Apr. 1, 2023–June 30, 2023)

AmountAmountNet sales

35,55338,557

Cost of sales

32,05335,108Gross profit

3,499

3,449

Packing and delivery expenses

381

371

Salaries and allowances

423

449

Provision for bonuses

190

209

Provision for directors’ bonuses

13

5

Selling, general and administrative expenses

Retirement benefit expenses

17

8

Welfare expenses

359

304

Provision for product warranties

188

90

Provision of allowance for doubtful accounts－

2

Provision for share awards

16

4

Research and development expenses

242

260

Others657

668

Total selling, general and administrative expenses

2,491

2,374

Operating income (loss)

1,008

1,074

Interest income

36

62

Dividends income

53Equity in earnings of affiliates

126

150

Foreign exchange gains

551

166

Others58

63

Total non-operating income

778

445

Interest expenses

32

151

Others00Non-operating income

Non-operating expenses

Total non-operating expenses
Ordinary income (loss)

8

33

152

1,752

1,367

(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2022
(Apr. 1, 2022–June 30, 2022)(Apr. 1, 2023–June 30, 2023)

AmountAmountExtraordinary income
Gain on sales of noncurrent assets

12

127

Total extraordinary income

12

127

Loss on sales of noncurrent assets

129Loss on retirement of noncurrent assets

15

13

Total extraordinary loss

28

23

Income (loss) before income taxes

1,737

1,471

Income taxes-current

467

485

Income taxes-deferred

399

540

Total income taxes

867

1,026

Profit (loss)

869

444

Profit (loss) attributable to non-controlling interests

(67)

(17)

Profit (loss) attributable to owners of parent

936

462

Extraordinary loss

9

(Quarterly consolidated statement of comprehensive income)(Millions of yen）
Three months ended
June 30, 2023

Three months ended
June 30, 2022
(Apr. 1, 2022–June 30, 2022)(Apr. 1, 2023–June 30, 2023)

AmountAmount
869

444

－

5

1,729

701

(7)

(22)

168

149

Total other comprehensive income

1,890

833

Comprehensive income

2,759

1,278

Comprehensive income attributable to owners of the parent

2,641

1,255

Comprehensive income attributable to non-controlling interests

118

23

Profit (loss)
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, 2023

Three months ended
June 30, 2022
(Apr. 1, 2022–June 30, 2022)(Apr. 1, 2023–June 30, 2023)

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

1,737

1,471

Depreciation and amortization

1,400

1,386

Retirement benefit expenses

(5)

(25)

Increase(decrease) in net defined benefit liability

8

(19)

Increase (decrease) in allowance for doubtful accounts

6

1

Increase (decrease) in provision for bonuses

(648)

(671)

Increase (decrease) in provision for directors' bonuses

(58)

(19)

Increase (decrease) in provision for product warranties

(25)

(55)

Loss on retirement of noncurrent assets

15

13

Loss(gain) on sales of tangible fixed assets

(0)

(117)

Interest and dividends income

(41)

(65)

32

151

Foreign exchange losses (gains)

(102)

(120)

Equity in (earnings) losses of affiliates

(126)

(150)

Interest expenses

76(2,606)

Decrease(increase) in inventories

(671)

1,574

Increase(decrease) in notes and accounts payable-trade

1,324

627

Decrease(increase) in other current assets

(42)

46

Increase (decrease) in other current liabilities

552

416

Other, net

185

Subtotal

Decrease(increase) in notes and accounts receivable-trade

3,448

1,843

Interest and dividends income received

41

148

Interest expenses paid

(34)

(149)

Income taxes paid

(710)

(374)

Net cash provided by (used in) operating activities

2,746

1,467

11

(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2022
(Apr. 1, 2022–June 30, 2022)(Apr. 1, 2023–June 30, 2023)

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

(444)

(731)

Proceeds from withdrawal of time deposits

240

560

(1,771)(1,422)

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

96

232

(210)

(230)

6

(16)

(2,082)(1,608)

(541)

1,006

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

1,860

490

Repayment of long-term loans payable(1,060)(845)

Purchase of treasury stock

(50)

－

Cash dividends paid

(784)

－

Cash dividends paid to non-controlling shareholders

(106)

(112)

Others(89)(66)

Net cash provided by (used in) financing activities

(773)

472

Effect of exchange rate change on cash and cash equivalents

459

360

Net increase (decrease) in cash and cash equivalents

349

691

Cash and cash equivalents at beginning of period

13,404

10,361

Cash and cash equivalents at end of period

13,753

11,05212

(4) Notes to quarterly consolidated financial statements(Going concern assumptions)Not applicable(Notes in the event of significant changes in shareholders’ equity)
Not applicable(Additional information)(About the accounting estimate associated with the spread of novel coronavirus infections)
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 theprevious 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 forTransfers between Retirement Benefit Plans (PITF No. 2, February 7, 2007). No gain or loss was recognized asa result of this transition.

13

(Segment information)
I Three months ended June 30, 2022 (from April 1, 2022 to June 30, 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)

Other(Note 3)

Total

UnitedStatesEurope15,053

8,669

1,155

4,710

5,927

35,51438

35,553

1,949

24

55

86

563

2,679

479

3,158

17,002

8,693

1,210

4,796

6,490

38,194517

38,711

394

(403)

(240)

688

590

1,029

0

1,029

Japan

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)
Income or loss
AmountTotal segment income
1,029
Income for “Other”
0Intersegment eliminations(21)
Operating income on consolidated statements of income
1,008
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, 2023 (from April 1, 2023 to June 30, 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)

Other(Note 3)

Total

UnitedStatesEurope16,763

9,692

1,424

5,641

4,963

38,48571

38,557

1,519

10

21

129

478

2,158

497

2,656

18,282

9,703

1,445

5,771

5,441

40,644569

41,214

268

(680)

72

957

431

1,049

19

1,069

Japan

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, Germany
Asia ················ Thailand, Indonesia, Vietnam
3. “Other” comprises business operations that are not categorized as reportable segments and includes thebusiness activities of domestic subsidiaries, such as the transportation business.
2. Difference between total segment income (loss) for reportable segments and operating income on consolidated
statements of income, and details of the difference (reconciliation of the difference)(Millions of yen)
Income or loss
AmountTotal segment income
1,049
Income(loss) for “Other”
19Intersegment eliminations
5
Operating income on consolidated statements of income
1,074
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, 2022

Three months ended
June 30, 2023

(Apr. 1, 2022–June.30, 2022)(Apr. 1, 2023–June.30, 2023)

AmountAmount%%FY2022

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

Amount%Amount%For Automobile

27,13676.3

29,457

76.4

2,320

8.6

114,41776.5

For Construction &Industrial machine

7,301

20.5

8,013

20.8

711

9.7

30,283

20.3

For Air conditioner

587

1.7

545

1.4

-42

-7.2

2,090

1.4

Other

526

1.5

541

1.4

14

2.8

2,622

1.8

35,553100.0
38,557100.0
Total
Notes: Amounts less than one million yen have been truncated.

3,004

8.5

149,413100.0

16