KYB : FLASH REPORT (April 1, 2022 to December 31, 2022)

		FLASH REPORT
		February. 8, 2023
Company name (official)	: KYB Corporation	URL https://www.kyb.co.jp/english/
Stock listing	: Tokyo Stock Exchange	(Prime Market)
Code number	: 7242
Address of head office	: 4-1,Hamamatsu-cho2-chome,Minato-ku, Tokyo 105-5128, Japan
Telephone	: [phone]

For further information, please contact : Tsuyoshi Matsuoka, Manager,

Public Relations & Investor Relations Sect., Executive Office Dept.

The following statements are an English-translation of the original Japanese-language document for your convenience.

In the case that there is any discrepancy between Japanese and English versions, Japanese version is assumed to be correct. (All amounts are rounded to the nearest million yen, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2022 ( from April 1, 2022 to December 31, 2022 )

(1) Consolidated operating results	(Percentages indicate the change of the same period of the previous year)
Net sales	Segment profit	Operating profit	Profit before taxes

Nine months ended December 31, 2022 December 31, 2021

Nine months ended December 31, 2022 December 31, 2021

Nine months ended December 31, 2022 December 31, 2021

Millions of yen % Millions of yen % Millions of yen % Millions of yen %

316,817	10.7	16,948	(10.4)	20,419	(12.5)	20,139	(9.2)
286,134	24.5	18,910	298.8	23,326	299.1	22,181	360.0
Profit for the period	Profit attributable to	Comprehensive	Basic earnings
owners of the parent	income for the period	per share
Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
16,101	(12.2)	14,974	(13.8)	21,520	2.4	558.49
18,334	477.6	17,374	454.0	21,010	157.6	661.39

Diluted earnings per share

Yen

558.37

－

*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

(2) Consolidated financial position

			Equity	Ratio of equity	Equity attributable to
			attributable to	attributable to
	Total assets	Total equity	owners of the parent per
	owners	owners of the parent
			share
			of the parent	to total assets
As of	Millions of yen	Millions of yen	Millions of yen	%	Yen
December 31, 2022	442,381	177,084	169,368	38.3	6,140.40
March 31, 2022	434,187	160,914	153,411	35.3	5,508.47

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2. Cash dividends

Annual cash dividends per share

	End of	End of	End of
	first quarter	second quarter	third quarter
	Yen	Yen	Yen
Previous fiscal year	－	45.00	－
Current fiscal year	－	70.00	－
Current fiscal year (forecast)

Year-end Total

YenYen

60.00 105.00

70.00 140.00

*The above table shows dividends on common shares. Please refer to "(Reference) Dividends for Class Shares" for information regarding dividends on class shares, which are unlisted and have different rights from common shares.

3. Forecasts for the current fiscal year ( April 1, 2022 to March 31, 2023 )

				(Percentages indicate the change of the same period of the previous year)
	Net sales		Segment profit	Operating profit	Profit before taxes
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Current fiscal year	442,000	13.8	26,500	7.2	29,700	(1.0)	28,900	0.3
	Profit for the period	Profit		Basic earnings
	attributable to
		per share
			owners of the parent
	Millions of yen	%	Millions of yen	%	Yen
Current fiscal year	21,700	(9.2)	20,400	(9.5)	761.88

*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

(Reference) Dividends for Class Shares

Dividends per share related to Class Shares with different rights from those of common shares are as follows.

Annual cash dividends per share

Class A Shares				Year-end	Total
quarter		quarter	quarter
Yen		Yen	Yen	Yen	Yen
Previous fiscal year	－	1,952,054.80	－	3,739,726.00	5,691,780.80
Current fiscal year	－	3,760,274.00	－
Current fiscal year (forecast)				3,739,726.00	7,500,000.00

• Number of Class A Shares issued are 125 shares. The Class A Shares were issued on 28 June 2021. Dividend whose reference date is attributed during FY2022 is planned to be 937 million yen.

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Consolidated Statements of Financial Position

KYB Corporation and its Consolidated Subsidiaries

		(Unit: Millions of yen)
	As of March 31, 2022	As of December 31, 2022
Assets
Current assets:
Cash and cash equivalents	52,118	45,588
Trade and other receivables	108,823	117,503
Inventories	66,114	71,318
Other current financial assets	2,755	4,099
Other current assets	10,611	10,791
Total current assets	240,421	249,298
Non-current assets:
Property, plant and equipment	159,803	157,805
Goodwill	266	265
Intangible assets	3,549	3,241
Investments accounted for using the equity method	6,484	7,191
Other non-current financial assets	14,545	14,844
Other non-current assets	7,204	7,578
Deferred tax assets	1,916	2,159
Total non-current assets	193,766	193,084
Total assets	434,187	442,381

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		(Unit: Millions of yen)
	As of March 31, 2022	As of December 31, 2022
Liabilities and equity
Current liabilities:
Trade and other payables	81,737	83,537
Borrowings	65,815	68,761
Income tax payables	3,168	1,402
Other current financial liabilities	30,495	26,449
Provisions	13,920	13,881
Other current liabilities	3,237	1,720
Total current liabilities	198,371	195,751
Non-current liabilities:
Bonds and borrowings	25,041	22,046
Liabilities for retirement benefits	4,629	4,796
Other non-current financial liabilities	27,830	25,801
Provisions	8,612	7,785
Other non-current liabilities	716	580
Deferred tax liabilities	8,074	8,540
Total non-current liabilities	74,902	69,547
Total liabilities	273,273	265,298
Equity
Equity attributable to owners of the parent:
Share capital	27,648	27,648
Capital surplus	38,351	38,357
Retained earnings	76,007	86,618
Treasury shares	(605)	(582)
Other components of equity	12,010	17,328
Total equity attributable to owners of the parent	153,411	169,368
Non-controlling interests	7,503	7,716
Total equity	160,914	177,084
Total liabilities and equity	434,187	442,381

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Consolidated Statements of Income

KYB Corporation and its Consolidated Subsidiaries

		(Unit: Millions of yen)
	For the nine months	For the nine months
	ended December 31, 2021	ended December 31, 2022
	（Apr. 1, 2021 through Dec. 31, 2021)	（Apr. 1, 2022 through Dec. 31, 2022)
Net sales	286,134	316,817
Cost of sales	227,047	255,289
Gross profit	59,087	61,528
Selling, general and administrative expenses	40,176	44,579
Equity in profit of affiliates	429	781
Other income	1,439	2,338
Other expenses	(2,548)	(352)
Operating profit	23,326	20,419
Finance income	675	881
Finance costs	1,820	1,161
Profit before taxes	22,181	20,139
Income tax expenses	3,847	4,039
Profit for the period	18,334	16,101
Profit attributable to:
Owners of the parent	17,374	14,974
Non-controlling interests	960	1,127
Profit for the period	18,334	16,101
Earnings per share
Basic earnings per share (in yen)	661.39	558.49
Diluted earnings per share (in yen)	-	558.37

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