KYB : First Quarter of FY2023 Financial Information

First Quarter of FY2023 (1Q)

Financial Information

August 8, 2023

KYB Corporation

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

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Summary

1Q of FY2023 Performance Overview

• Increase in Net Sales and Profits
• • Improvements in semiconductor shortages and the weakening of the yen have resulted in increased net sales, leading to a total company-wide revenue growth of about 7%.
  • Despite a decline in segment profits* and operating income due to the delayed pass-through of inflation costs and a downturn in the Chinese market, the profit attributable to the owners of the parent company increased, driven by reduced tax expenses..

FY2023 Forecast

• The Initial Forecast Remains Unchanged
• • Taking into account the progress in the 1Q, the initial forecast remains unchanged.
  • While there are uncertain factors, we will continue our efforts to improve profitability in order to achieve our initial forecast.

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*Segment profits correspond to operating income in JGAAP.

1Q of FY2023 Financial Summary

	IFRS		Differences
(¥ Billion)	1Q of	1Q of	Previous
FY2022	FY2023
	period
	actual	actual
Net sales	100.4		107.3	6.9
Segment profits*	5.7		4.2	(1.5)
[Segment profits ratio]	[ 5.7% ]		[ 3.9% ]	[ (1.8)% ]
Operating profit	7.5		6.4	(1.1)
[Operating profit ratio]	[ 7.4% ]		[ 5.9% ]	[ (1.5)% ]
Profit attributable to	5.0		5.1	1.0
owners of the parent
FOREX (Average) (¥)
JPY/ US$	129.57		137.36
JPY/ EUR	138.10		149.46

*Segment profits correspond to operating income in JGAAP.

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1Q of FY2023 Net Sales and Segment Profits

(¥ Billion)

AC

HC

Aircraft Components

Others

Total

Net Sales

1Q of	1Q of
FY2022	FY2023	Differences
actual	actual
64.7	69.4	4.7
32.4	34.0	1.7
1.5	1.2	(0.3)
1.9	2.7	0.8
100.4	107.3	6.9

Segment Profits

1Q of	1Q of
FY2022	FY2023	Differences
actual	actual
3.9	2.9	(1.0)
1.9	1.4	(0.5)
(0.1)	(0.3)	(0.2)
(0.0)	0.2	0.2
5.7	4.2	(1.5)

AC: Automotive Components

HC: Hydraulic Components

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

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1Q of FY2023 Financial Position

(¥ Billion)

Mar. 31, 2023

Jun. 30, 2023

Differences

	Current assets	252.0	258.2	6.2
	Non-current assets	194.9	198.3	3.4
	Total assets	446.8	456.5	9.7
	Current liabilities (Note)	197.2	200.2	3.0
	Non-current liabilities (Note)	58.6	56.8	(1.8)
	Total liabilities	255.8	257.0	1.2
	Equity attributable to owners of the	182.8	191.2	8.4
	parent company
	Non-controlling interest	8.2	8.3	0.1
	Total capital	191.0	199.5	8.5
	Total capital and liabilities	446.8	456.5	9.7
	(Note) Long-term debt	84.5	84.7	0.2
	Provisions for product warranties	4.4	3.9	(0.5)
	related to vibration control dampers

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