Arakawa Chemical Industries : DATABOOK2024(2nd Quarter ended)

DATA BOOK

FY2024 (2nd Quarter ended September 30,2023)

V-ACTION for sustainability

INDEX
Achievement Transition	1
Segment Information	2
Overseas Sales	4
Balance Sheets	5
Statements of Income	7
Statements of Cash Flows	8	November 2nd,2023

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Performance (Consolidated)

				Net	sales
Millions of yen
100,000
	80,515	79,431
					73,000
80,000
60,000		20,578		18,030
		20,270		19,688
40,000					34,672
	20,024		20,550
			17,373
20,000
			21,161
		19,642			17,298
0
	FY 2022		FY 2023		FY 2024	FY 2024 forecast

1Q 2Q 3Q 4Q

Ordinary income

Millions of yen

5,000

4,000	3,566
	214
3,000
	780
2,000		742
1,000		1,828			33
0				722
-1,000				-1,365(3Q)		-670(1Q)
					-781(2Q)
-2,000
-3,000				-2,078(4Q)	-1,451
								-2,800
-4,000			-2,687
-5,000
	FY 2022		FY 2023		FY 2024	FY 2024

1Q 2Q 3Q 4Q

DATA BOOK 2024

					Operating income
Millions of yen
5,000
4,000
3,000		3,304	38
		789
2,000			772
1,000			1,703
0									571
-1,000								-135(2Q)		-834(1Q)
							-1,426(3Q)			-993(2Q)
-2,000
-3,000								-1,917(4Q)		-1,827
																-2,900
-4,000
								-2,907
-5,000
		FY 2022					FY 2023			FY 2024	FY 2024 forecast
							1Q			2Q		3Q		4Q
	Profit attributable to owners of parent
Millions of yen
3,000
		1,502
2,000
				383
1,000			461
0			1,271					376
			-614(4Q)									-	314(1Q)
-1,000								-1,602(2Q)			-438(2Q)
								-753
-2,000
							-1,495(3Q)					-1,700
-3,000
-4,000
							-2,220(4Q)
-5,000
-6,000									-4,941
		FY 2022					FY 2023			FY 2024	FY 2024 forecast

1Q 2Q 3Q 4Q

FY 2022 (2Q)

FY 2023 (2Q)

FY 2024 (2Q)

FY 2022

FY 2023

FY 2024 forecast

Consolidated

Millions of

％ Change

Millions of

％ Change

Millions of yen

％ Change

Millions of

％ Change

Millions of

％ Change

Millions of

％ Change

yen

yen

yen

yen

yen

Net sales

39,667

23.1

41,712

5.2

34,672

△ 16.9

80,515

14.1

79,431

△ 1.3

73,000

△ 8.1

Operating

2,475

155.3

436

△ 82.4

△ 1,827

－

3,304

1.4

△ 2,907

－

△ 2,900

－

income

Ordinary income

2,571

120.3

756

△ 70.6

△ 1,451

－

3,566

△ 2.3

△ 2,687

－

△ 2,800

－

Profit attributable to

1,733

143.9

△ 1,225

－

△ 753

－

1,502

△ 30.7

△ 4,941

－

△ 1,700

－

owners of parent

Capital expenditure, etc.

	FY 2022 (2Q)	FY 2023 (2Q)	FY 2024 (2Q)	FY 2022	FY 2023	FY 2024 forecast
Consolidated
Millions of	Increase	Millions of	Increase	Millions of yen	Increase	Millions of	Increase	Millions of	Increase	Millions of	Increase
	yen	/Decrease	yen	/Decrease	/Decrease	yen	/Decrease	yen	/Decrease	yen	/Decrease
Capital investment	1,416	486	1,682	266	1,323	△ 358	6,567	△ 11,991	4,025	△ 2,541	5,000	974
Depreciation	1,385	△ 55	1,698	313	2,779	1,080	3,120	139	4,477	1,357	6,000	1,522
R&D expenses	1,511	△ 57	1,503	△ 7	1,447	△ 55	3,100	△ 147	3,024	△ 75	3,500	475
Interest-bearing debt	22,346	642	31,169	8,823	40,635	9,466	26,680	4,891	35,052	8,371	43,000	7,947
EBITDA	3,938	1,418	2,135	△ 1,802	952	△ 1,183	6,500	77	1,569	△ 4,931	3,100	1,530

[ EBITDA ] Operating profit before amortization = Operating profit + Depreciation expense + Amortization of goodwill

1

DATA BOOK 2024

Segment Information (Consolidated)

Functional Coating Chemicals

Net sales（Millions of yen）

20,000

	16,226			15,700							15,000
15,000
		4,034			3,592
10,000
	4,066			4,109			6,937
		3,961			3,879
5,000				3,401
		4,164			4,119
0						3,536
		FY 2022		FY 2023				FY 2024	FY 2024
																forecast
				1Q			2Q		3Q			4Q

Segment income（Millions of yen）

1,200	1,082
900	157
248
600	338
		335
300			64			250
	337		108	109
		220
0			33	75
	-57（4Q）
-300
	FY 2022		FY 2023	FY 2024	FY 2024
						forecast
	1Q	2Q	3Q	4Q		full-year

Paper Chemicals & Environmental Business

Net sales（Millions of yen）

25,000	20,991	21,500

20,000	18,652
						5,183
15,000		4,640
					5,404			9,883
10,000		4,874
5,000		4,807			5,487			5,174
					4,916
								4,708
0		4,330
	FY 2022		FY 2023				FY 2024	FY 2024
																forecast
				1Q			2Q		3Q			4Q

Segment income（Millions of yen）

1,200
	969
900	211
	240				700
600
	321	310	330
300	297	44	35	241
	157
0		73		89
	FY 2022	FY 2023	FY 2024	FY 2024
					forecast
	1Q	2Q	3Q	4Q	full-year

Adhesive & Biomass Materials

Net sales（Millions of yen）

40,000

	32,530			29,977
30,000		8,480													25,000
			6,539
20,000		8,223			7,352			12,393
10,000		7,954			7,525
			6,169
						8,560
		7,871
0						6,223
		FY 2022		FY 2023				FY 2024	FY 2024
																forecast
				1Q			2Q		3Q			4Q

Segment income（Millions of yen）

1,000		206
			183		-42(1Q)
0			507
	-		120(3Q)		-371(2Q)		-944(1Q)
-1,000	-363(4Q)
			-1,545(3Q)		-857(2Q)
-2,000
				-1,911(4Q)-1,802
-3,000
-4,000
								-3,550
			-3,871
-5,000
			FY 2022		FY 2023	FY 2024	FY 2024
									forecast

1Q 2Q 3Q 4Q full-year

Fine Chemicals & Electronics

Net sales（Millions of yen）

Segment income（Millions of yen）

15,000

10,000

5,000

0

12,826

12,57011,400

3,369 2,695

3,028 2,802

5,419

3,220 3,580 2,606

3,207 3,492 2,812

FY 2022

FY 2023

FY 2024

FY 2024

forecast

1Q 2Q 3Q 4Q

800	552
600
	349
400	275
150
200	125
56
173
0	166
-22(2Q)	-24(4Q)	-98(1Q)
-200
			-221(2Q)
-400				-319
-600					-500
	FY 2022	FY 2023	FY 2024	FY 2024
					forecast
	1Q	2Q	3Q	4Q	full-year

2

												DATA BOOK 2024
Segment Information (Consolidated)
		FY 2022 (2Q)	FY 2023 (2Q)	FY 2024 (2Q)	FY 2022	FY 2023	FY 2024 forecast
Consolidated
		Miliions of	% Change	Miliions of	% Change	Miliions of yen	% Change	Miliions of	% Change	Miliions of	% Change	Miliions of	% Change
		yen	yen	yen	yen	yen
Functional	Net sales ※1	8,126		16.1	7,998	△ 1.6	6,937	△ 13.3	16,226	7.1	15,700	△ 3.2	15,000	△ 4.5
Coating	Segment income	676		28.2	329	△ 51.3	109	△ 66.8	1,082	△ 2.9	335	△ 69.0	250	△ 25.5
Chemicals
Segment income/sales	8.3%		4.1%	1.6%	6.7%	2.1%	1.7%
Paper	Net sales ※1	9,137		16.1	10,403	13.9	9,883	△ 5.0	18,652	9.1	20,991	12.5	21,500	2.4
Chemicals &
Segment income	618		－	230	△ 62.7	330	43.2	969	71.4	310	△ 67.9	700	125.2
Environmental
Business	Segment income/sales	6.8%		2.2%	3.3%	5.2%	1.5%	3.3%
Adhesive &	Net sales ※1	15,825		37.0	16,086	1.6	12,393	△ 23.0	32,530	26.1	29,977	△ 7.8	25,000	△ 16.6
Biomass	Segment income	690		21.1	△ 414	－	△ 1,802	－	206	△ 86.7	△ 3,871	－	△ 3,550	－
Materials
Segment income/sales	4.4%		△2.6%	△14.5%	0.6%	△12.9%	△14.2%
Fine Chemicals	Net sales ※1	6,428		13.7	7,072	10.0	5,419	△ 23.4	12,826	4.7	12,570	△ 2.0	11,400	△ 9.3
&	Segment income	151		51.2	223	47.7	△ 319	－	552	4.6	349	△ 36.7	△ 500	－
Electronics
Segment income/sales	2.4%		3.2%	△5.9%	4.3%	2.8%	△4.4%
	Net sales ※1	149		5.4	151	1.4	38	△ 74.7	279	6.2	191	△ 31.4	100	△ 47.8
Others
Segment income	23		99.6	18	△ 21.2	16	△ 10.4	45	72.8	42	△ 7.3	40	△ 4.9
	Segment income/sales	15.9%		12.3%	43.6%	16.2%	22.0%	40.0%
	Net sales ※1	39,667		23.1	41,712	5.2	34,672	△ 16.9	80,515	14.1	79,431	△ 1.3	73,000	△ 8.1
Subtotal
Segment income	2,160		71.4	388	△ 82.0	△ 1,666	－	2,855	△ 24.6	△ 2,832	－	△ 3,060	－
	Segment income/sales	5.4%		0.9%	△4.8%	3.5%	△3.6%	△4.2%
	Development	△ 216		－	△ 198	－	△ 193	－	△ 437	－	△ 406	－	△ 400	－
	Investment ※2
Consolidated	Segment income	1,943		81.3	189	△ 90.2	△ 1,859	－	2,418	△ 29.1	△ 3,239	－	△ 3,460	－
total
	Segment income/sales	4.9%		0.5%	△5.4%	3.0%	△4.1%	△4.7%

※1 The sales of business segmentation do not include intersegment sales.

The Accounting Standard for Revenue Recognition is applied from the beginning of the fiscal year ending march 31, 2022. ※2 Applied research and development expense that will be the source of growth in the medium to long term.

[Functional Coating Chemicals] UV/EB curable resin,Resins for paint and printing ink,etc.

[Paper chemicals & Environmental Business] Paper strengthening agent,Sizing agent,New water-based polymer,etc.

[Adhesive & Biomass Materials] Hydrogenated hydrocarbon resin,Adhesive resin,Colorless rosin derivative,Synthetic rubber polymerization emulsifier,etc.

[Fine Chemicals & Electronics] Precise parts cleaning agent and Cleaning system and its peripheral equipment,Thermoplastic Polyimide Solution,Fine chemical Products,Compounded Products for electronic material,Polishing agent for hard disk substrates,etc.

[Others] Insurance business, Real estate management, etc.

Depreciation expense of Chiba Arkon Production, Limited

（millions of yen）

FY2023	FY2024	FY2025	FY2026
Forecast	Forecast	Forecast
1,043	2,400	1,900	1,500

3

									DATA BOOK 2024
Overseas Sales (Consolidated)
					Overseas	Sales (Consolidated)
	Millions of yen		%	Millions of yen	%
25,000			South and North America, Europe, Others	50.0	50,000			50.0
		Asia (Excluding China)	Overseas sales ratio
				China		44.5	43.9

	43.2	43.7	41.8				41.1
20,000	40.0	40,000			40.0
	18,219
				35,849	34,849
	17,154
15,000	3,511	3,639	14,484	30.0	6,884	6,530	30,000
	30,000		30.0
			2,260				4,500
10,000	6,022	7,020		20.0	12,695	12,928
		20,000		12,000	20.0
		5,706
5,000				10.0	10,000			10.0
	7,620	7,559	6,518		16,269	15,389	13,500
0				0.0	0			0.0
	FY 2022 (2Q)	FY 2023 (2Q)	FY 2024 (2Q)		FY 2022	FY 2023	FY 2024 forecast

	FY 2022 (2Q)	FY 2023 (2Q)	FY 2024 (2Q)	FY 2022		FY 2023		FY 2024 forecast
Consolidated
	Millions of	% Change	Millions of	% Change	Millions of	% Change	Millions of	% Change	Millions of	% Change	Millions of	% Change
	yen	yen	yen	yen	yen	yen
Overseas sales	17,154	40.4	18,219	6.2	14,484	△ 20.5	35,849		28.5	34,849		△ 2.8	30,000	△ 13.9
Overseas sales in Asia	13,643	43.0	14,579	6.9	12,224	△ 16.2	28,965		27.1	28,318		△ 2.2	25,500	△ 10.0
Overseas sales in	7,620	35.2	7,559	△ 0.8	6,518	△ 13.8	16,269		19.5	15,389		△ 5.4	13,500	△ 12.3
China
Overseas sales ratio	43.2%	43.7%	41.8%	44.5%		43.9%		41.1%

Overseas sales by region (Consolidated)

Millions of yen
5,000
	China
4,000	Asia (Excluding China)
South and North America, Europe, Others
3,000
2,000
1,000
0
	4

DATA BOOK 2024

Balance Sheets(Consolidated)

(Unit：Millions of yen)

FY2023

				(As of September 30, 2022)
	Item			Amount	Composition
					ratio
	（Assets）			%
Ⅰ Current assets
1.	Cash and deposits		10,946
2.	Notes and accounts receivable - trade		26,690
3.	Electronically recorded monetary claims - operating		1,976
4.	Merchandise and finished goods		11,521
5.	Work in process		1,485
6.	Raw materials and supplies		10,648
7.	Other		1,448
8.	Allowance for doubtful accounts	△	117
		Total current assets		64,600	54.1
Ⅱ Non-current assets
	1. Property,plant and equipment
(1)	Buildings and structures		16,953
(2)	Machinery, equipment and vehicles		15,983
(3)	Land		5,005
(4)	Construction in progress		1,344
(5)	Other		1,090
		Total property,plant and equipment		40,378	33.8
2.	Intangible assets
(1)	Other		1,816
		Total intangible assets		1,816	1.5
3.	Investments and other assets
(1)	Investment securities		7,355
(2)	Retirement benefit asset		2,927
(3)	Deferred tax assets		296
(4)	Other		396
(5)	Allowance for doubtful accounts	△	143
		Total investments and other assets		10,833	9.1
		Total non-current assets		53,028	44.4
Ⅲ Deferred assets
1.	Business commencement expenses		1,826
		Total deferred assets		1,826	1.5
		Total assets		119,455	100.0

FY2024

(As of September 30, 2023)

	Amount(A)	Composition
	ratio
		%
	11,449
	24,278
	2,368
	12,679
	1,722
	9,826
	1,555
△	109
	63,771	52.0
	16,520
	13,958
	5,001
	4,561
	1,040
	41,082	33.5
	1,636
	1,636	1.3
	9,662
	4,031
	335
	349
△	79
	14,298	11.7
	57,017	46.5
	1,930
	1,930	1.5
	122,720	100.0

	FY2023		Increase
	(As of March 31, 2023)	/Decrease
	Amount(B)		Composition	(A)－(B)
		ratio
			%
	11,140				309
	23,461				817
	1,965				403
	12,609				70
	1,649				73
	9,954			△	127
	2,129			△	574
△	110				0
	62,799		52.8		972
	16,628			△	108
	14,809			△	850
	4,993				7
	2,927				1,634
	1,083			△	43
	40,442		34.0		639
	1,678			△	41
	1,678		1.4	△	41
	7,837				1,825
	3,895				135
	231				103
	322				27
△	75			△	3
	12,210		10.2		2,088
	54,331		45.6		2,685
	1,904				26
	1,904		1.6		26
	119,035		100.0		3,685

5

DATA BOOK 2024

(Unit：Millions of yen)

FY2023

				(As of September 30, 2022)
	Item				Amount	Composition
					ratio
	（Liabilities）			%
Ⅰ Current liabilities
1.	Notes and accounts payable - trade		10,248
2.	Electronically recorded obligations - operating		1,176
3.	Short-term borrowings		17,469
4.	Income taxes payable		496
5.	Accrued consumption taxes		75
6.	Provision for bonuses		1,207
7.	Provision for bonuses for directors (and other officers)		10
8.	Provision for repairs		501
9.	Provision for loss on business liquidation		-
10.	Notes payable - facilities		125
11.	Other		7,855
		Total current liabilities		39,168	32.8
Ⅱ Non-current liabilities
1.	Bonds payable		10,000
2.	Long-term borrowings		3,700
3.	Deferred tax liabilities		1,820
4.	Retirement benefit liability		317
5.	Asset retirement obligations		2,178
6.	Other		265
		Total non-current liabilities		18,282	15.3
		Total liabilities		57,450	48.1
	（Net assets）
Ⅰ Shareholders' equity
1.	Share capital		3,343
2.	Capital surplus		3,564
3.	Retained earnings		45,110
4.	Treasury shares	△	1,211
		Total shareholders' equity		50,806	42.5
Ⅱ Accumulated other comprehensive income
1.	Valuation difference on available-for-sale securities		2,562
2.	Foreign currency translation adjustment		3,839
3.	Remeasurements of defined benefit plans		1,144
		Total accumulated other comprehensive income		7,546	6.3
Ⅲ Non-controlling interests		3,651	3.1
		Total net assets		62,005	51.9
		Total liabilities and net assets		119,455	100.0

FY2024

(As of September 30, 2023)

	Amount(A)	Composition
	ratio
		%
	8,491
	1,214
	25,472
	376
	190
	1,049
	-
	429
	951
	151
	7,245
	45,573	37.1
	10,000
	5,162
	2,743
	315
	2,232
	142
	20,596	16.8
	66,170	53.9
	3,343
	3,564
	39,693
△	1,211
	45,389	37.0
	4,199
	3,671
	1,598
	9,470	7.7
	1,690	1.4
	56,550	46.1
	122,720	100.0

	FY2023		Increase
	(As of March 31, 2023)	/Decrease
	Amount(B)	Composition		(A)－(B)
	ratio
		%
	9,973		△	1,482
	1,074			139
	19,645			5,827
	336			40
	67			123
	1,036			13
	-			-
	414			15
	1,179		△	228
	219		△	67
	8,167		△	921
	42,113	35.4		3,460
	10,000			-
	5,407		△	244
	2,372			370
	298			16
	2,161			71
	172		△	30
	20,412	17.1		184
	62,526	52.5		3,644
	3,343			-
	3,564			-
	40,922		△	1,229
△	1,211			-
	46,618	39.2	△	1,229
	2,933			1,265
	2,819			852
	1,710		△	111
	7,464	6.3		2,006
	2,426	2.0	△	736
	56,509	47.5		40
	119,035	100.0		3,685

6

DATA BOOK 2024

Statements of Income(Consolidated)

			(Unit：Millions of yen)
FY2023	FY2024	Increase	FY2023
'22/4-'22/9	'23/4-'23/9	/Decrease	'22/4-'23/3

	Item			Amount		Ratio		Amount		Ratio		Amount	Rate of		Amount		Ratio
									Change
						%				%				%				%
Ⅰ Net sales		41,712		100.0		34,672		100.0	△	7,040	△	16.9		79,431		100.0
Ⅱ Cost of sales		33,915		81.3		29,527		85.2	△	4,387	△	12.9		67,859		85.4
	Gross profit		7,796		18.7		5,144		14.8	△	2,652	△	34.0		11,571		14.6
Ⅲ Selling, general and administrative expenses		7,360		17.7		6,972		20.1	△	388	△	5.3		14,479		18.3
	Operating profit (loss)		436		1.0	△	1,827	△	5.3	△	2,263		-	△	2,907	△	3.7
Ⅳ Non-operating income
	Interest income		11				46				35				32
	Dividend income		130				115			△	15				248
	Rental income from real estate		51				21			△	29				93
	Foreign exchange gains		558				249			△	309				413
	Other		90				153				63				148
	Total non-operating income		842		2.0		586		1.7	△	256	△	30.4		935		1.2
Ⅴ Non-operating expenses
	Interest expenses		100				145				44				224
	Provision for repairs		367				-			△	367				384
	Other		53				65				11				105
	Total non-operating expenses		522		1.2		210		0.6	△	312	△	59.8		715		0.9
	Ordinary profit (loss)		756		1.8	△	1,451	△	4.2	△	2,208		-	△	2,687	△	3.4
Ⅵ Extraordinary income
	Gain on sale of non-current assets		2				4				2				1,059
	Gain on sale of investment securities		59				49			△	10				303
	Total extraordinary income		61		0.2		54		0.2	△	7	△	12.4		1,363		1.7
Ⅶ Extraordinary losses
	Loss on sale and retirement of non-current assets		119				121				2				284
	Impairment losses		1,573				-			△	1,573				1,838
	Loss on valuation of investment securities		0				-			△	0				0
	Loss on liquidation of business		-				-				-				1,205
	Total extraordinary losses		1,693		4.1		121		0.4	△	1,571	△	92.8		3,328		4.2
	Profit(Loss) before income taxes	△	874	△	2.1	△	1,519	△	4.4	△	644		-	△	4,652	△	5.9
	Income taxes - current		445		1.0		374		1.1	△	70	△	15.9		828		1.0
	Income taxes - deferred	△	144	△	0.3	△	243	△	0.7	△	99		-		54		0.1
	Profit(Loss)	△	1,176	△	2.8	△	1,650	△	4.8	△	474		-	△	5,536	△	7.0
	Profit(Loss) attributable to non-controlling interests		49		0.1	△	897	△	2.6	△	946		-	△	595	△	0.8
	Profit(Loss) attributable to owners of parent	△	1,225	△	2.9	△	753	△	2.2		472		-	△	4,941	△	6.2
＜Reference＞ Statements of Comprehensive Income(Consolidated)
	Profit(Loss)	△	1,176			△	1,650			△	474		-	△	5,536
	Other comprehensive income
	Valuation difference on available-for-sale securities	△	771				1,265				2,036			△	400
	Foreign currency translation adjustment		1,936				1,014			△	922				779
	Remeasurements of defined benefit plans, net of tax	△	82			△	112			△	29				489
	Total other comprehensive income		1,082				2,167				1,084				868
	Comprehensive income	△	93				516				610		-	△	4,668

7

DATA BOOK 2024

Statements of Cash Flows (Consolidated)

				FY2023
			'22/4-'22/9
	Item
				Amount
Ⅰ Cash flows from operating activities
Profit (loss) before income taxes	△	874
Depreciation		1,698
Impairment losses		1,573
Increase (decrease) in allowance for doubtful accounts		7
Increase (decrease) in provision for bonuses	△	183
Increase (decrease) in provision for bonuses for directors (and other officers)	△	48
Increase (decrease) in retirement benefit liability		14
Decrease (increase) in retirement benefit asset	△	20
Increase (decrease) in provision for loss on business liquidation		-
Loss (gain) on sale and retirement of non-current assets		117
Loss (gain) on sale of investment securities	△	59
Loss on valuation of investment securities		0
Interest and dividend income	△	141
Interest expenses		100
Decrease (increase) in trade receivables		31
Decrease (increase) in inventories	△	944
Increase (decrease) in trade payables	△	1,324
Increase (decrease) in accrued consumption taxes		427
Other	△	663
Subtotal	△	290
Interest and dividends received		153
Interest paid	△	88
Income taxes refund (paid)	△	443
Net cash provided by (used in) operating activities	△	669
Ⅱ Cash flows from investing activities
Decrease (increase) in time deposits		-
Purchase of property, plant and equipment	△	2,141
Proceeds from sale of property, plant and equipment		13
Purchase of investment securities	△	128
Proceeds from sale of investment securities		74
Purchase of intangible assets	△	33
Payments for deferred assets	△	456
Decrease (increase) in investments and other assets		13
Other	△	20
Net cash provided by (used in) investing activities	△	2,680
Ⅲ Cash flows from financing activities
Net increase (decrease) in short-term borrowings		3,847
Proceeds from long-term borrowings		-
Repayments of long-term borrowings	△	66
Purchase of treasury shares	△	0
Dividends paid	△	476
Dividends paid to non-controlling interests		-
Other	△	58
Net cash provided by (used in) financing activities		3,247
Ⅳ Effect of exchange rate change on cash and cash equivalents		539
Ⅴ Net increase (decrease) in cash and cash equivalents		437
Ⅵ Cash and cash equivalents at beginning of period		9,250
Ⅶ Cash and cash equivalents at end of period		9,687

FY2024

'23/4-'23/9

Amount

△	1,519
	2,779
	-
△	4
	5
	-
	15
△	133
△	340
	116
△	49
	-
△	161
	145
△	726
	510
△	1,569
	330
△	652
△	1,255
	160
△	126
△	297
△	1,518
	316
△	3,295
	5
△	19
	51
△	29
△	28
	0
△	1
△	3,000
	5,499
	391
△	695
	-
△	476
	-
△	41
	4,677

331

490

9,286

9,777

	(Unit：Millions of yen)
Increase	FY2023
/Decrease
	'22/4-'23/3
Amount	Amount

△	644	△	4,652
	1,080		4,477
△ 1,573		1,838
△	11	△	54
	188	△	348
	48	△	58
	0	△	3
△	112	△	988
△	340		1,155
△	0	△	775
	10	△	303
△	0		0
△	19	△	280

• 44224

• 758 2,863

	1,455	△	1,898
△	245	△	1,603
△	97		135
	10		628
△	964		354
	7		284
△	38	△	218
	146	△	996
△	849	△	575
	316	△	701
△ 1,153	△	6,046
△	7		1,231
	108	△	247
△	23		478
	4	△	69
	428	△	542
△	12		7
	19	△	156
△	319	△	6,046
	1,651		1,506
	391		7,109
△	629	△	438
	0	△	0
	0	△	952
	-	△	448
	16	△	110
	1,430		6,666
△	207	△	7
	53		36
	36		9,250
	89		9,286

8