KYB : Financial Information for FY2022

FY2022

Financial Information

May 11, 2023

KYB Corporation

(Stock Code: 7242; Prime Market of Tokyo Stock Exchange)

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Summary

FY2022 Performance Overview

*Segment profits correspond to operating income in JGAAP.

• Increase in sales and profit over the previous year (record high profit)
• • Net sales increased 11% over the previous year with the recovery of the market from the COVID-19 situation and a depreciation of the yen.
  • Despite the impact of cost increases due to inflation, segment profits* and following items increased due to a depreciation of the yen.
  • Dividends per share increased 60 yen from the previous dividend forecast to 200 yen annually.

(Yen)	Forecast (as of Feb.)	Actual	Differences
Interim	70	70	⎼
Year-end	70	130	+60
Annual	140	200	+60

FY2023 Forecast

• Increase in net sales and segment profits is forecasted year-on-year
• • We anticipate a recovery in demand in regions excluding China, leading to a 4% increase in revenue compared to the previous year.
  • Despite the impact of the surge in energy prices, we are forecasting an increase in segment profits due to our continued efforts to improve costs and sales activities.
  • The annual dividend per share for FY2023 is expected to be 200 yen, the same as FY2022.

	(Yen)	FY2022 (actual)	FY2023 (forecast)	Differences
	Annual dividends	200	200	±0
2	Payout ratio	19.4%	26.8%	+7.4%

FY2022 Financial Summary

			IFRS			Differences
(¥ Billion)	FY2021	FY2022				FY2022	Previous	Forecast
	forecast
	actual		1H	2H	actual	period	(as of Feb.)
	(as of Feb.)
Net sales	388.4	442.0		209.9	221.3	431.2	42.8	(10.8)
Segment profits*	24.7	26.5		11.7	13.8	25.5	0.8	(1.0)
[Segment profits ratio]	[6.4%]	[6.0%]		[5.6%]	[6.2%]	[5.9%]
Operating profit	30.0	29.7		14.8	17.7	32.5	2.5	2.8
Profit attributable to	22.5	20.4		10.6	16.6	27.2	4.8	6.8
owners of the parent
Dividend (¥)	105	140		70	130	200	95	60
FOREX (Average) (¥)
JPY/ US$	112.38	134.90		133.97	136.99	135.48
JPY/ EUR	130.56	139.19		138.72	143.23	140.97

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*Segment profits correspond to operating income in JGAAP.

FY2022 Net Sales and Segment Profits

(¥ Billion)

AC

HC

Aircraft Components

Others

Total

Net Sales

FY2021	FY2022	Differences
actual	actual
237.8	278.5	40.7
136.6	137.9	1.2
3.7	4.4	0.8
10.3	10.4	0.1
388.4	431.2	42.8

Segment Profits

FY2021	FY2022	Differences
actual	actual
16.0	18.7	2.7
11.8	7.5	(4.2)
(4.0)	(1.4)	2.5
0.9	0.7	(0.2)
24.7	25.5	0.8

AC: Automotive Components

HC: Hydraulic Components

Others: Special-purpose vehicles, electronic components, etc.

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FY2022 Financial Position

(¥ Billion)

Mar. 31, 2022

Mar. 31, 2023

Differences

	Current assets	240.4	252.0	11.5
	Non-current assets	193.8	194.9	1.1
	Total assets	434.2	446.8	12.6
	Current liabilities (Note)	198.4	197.2	(1.2)
	Non-current liabilities (Note)	74.9	58.6	(16.3)
	Total liabilities	273.3	255.8	(17.5)
	Equity attributable to owners of the	153.4	182.8	29.4
	parent company
	Non-controlling interest	7.5	8.2	0.7
	Total capital	160.9	191.0	30.1
	Total capital and liabilities	434.2	446.8	12.6
	(Note) Long-term debt	90.9	84.5	(6.4)
	Provisions for product warranties	13.6	4.4	(9.2)
	related to vibration control dampers

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