Mitsuboshi Belting : Financial Review 2023

2023

F i n a n c i a l R e v i e w

Y e a r e n d e d M a r c h 3 1 , 2 0 2 3

I Contents
Management Message ���������������������	1-2
Board Members and Executive Officers ��������������	3
About Us ���������������������������	4
Financial Highlights�����������������������	5
Consolidated Financial Document ����������������	6
News Release �������������������������	7-8
Global Network ������������������������	9-10
Business Overview �����������������������	11-14
Consolidated Balance Sheet �������������������	15-16
Consolidated Statements of Income and Comprehensive Income ��	17
Consolidated Statements of changes in equity �����������	18
Consolidated Statements of cash flows ��������������	19
Mitsuboshi Belting Group Code of Conduct ������������	20-21

I Management Message

Our company has a history of more than 100 years since its establishment in1919, and while maintaining a passion for "manufacturing" that has been passed down continuously, while valuing the strong belief as a manufacturer, we support the lives of everyone. We have contributed to society through the provision.

The socio-economic situation has been unstable in recent years, and in addition, the industrial structure such as the automobile industry has entered a new phase. As the business environment surrounding our company is changing from moment to moment, we believe that excellent foresight that accurately grasps the movements of the times such as people's way of thinking, lifestyle changes, and trends will be an important basis for us.

In the future, we will be required to make further innovations in business operations and technological development, but our Group employees will work together to move forward step by step. Face the reality while looking ahead to the next 100 years, and embody sustainable growth and transformation through business activities to solve social issues based on the basic philosophy of "To give attentive consideration to both humanity and nature." We aim to develop into a prosperous future.

President

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I Board Members and Executive Officers

Board of Directors (June 29,2023)

President	Member of the Board	Member of the Board	Member of the Board	Member of the Board
Hiroshi Ikeda	Masayoshi Nakajima	Toshimi Kumazaki	Keiji Mataba	Shinji Kuramoto

Member of the Board	Member of the Board	Member of the Board
Ryuzo Miyao	Shinya Okuda	Yuka Miyake

Board of Corporate Auditors (June 29,2023)

Corporate Auditor (standing)	Corporate Auditor	Corporate Auditor	Corporate Auditor
Kenkichi Masuda	Yasuhiro Tsuji	Jun Tanaka	Hiroko Takiguchi

Executive Officers (June 29, 2023)

President, Executive Officer	Senior Managing Executive Officer	Managing Executive Officer
Hiroshi Ikeda	Masayoshi Nakajima	Toshimi Kumazaki
Managing Executive Officer	Managing Executive Officer
Keiji Mataba	Shinji Kuramoto
Vice-Senior Managing Executive Officer	Managing Executive Officer	Managing Executive Officer
Toru Shimomura	Kazutoshi Ishida	Kazuhiro Takeda
Managing Executive Officer	Executive Officer	Executive Officer
Toshimichi Takada	Akihiro Nagata	Isao Ideguchi
Executive Officer	Executive Officer	Executive Officer
Koki Inoue	Masatsugu Tsuji	Toshiaki Yamashita
Executive Officer
Hiroya Osakada

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I About Us

Corporate Overview

Trade Name	Mitsuboshi Belting Ltd.
Established	October 10, 1919
Capital	8,150,251,031 yen (March 31, 2023)
Employees	4,342 (Non-consolidated: 738) (March 31, 2023)
Fiscal Year-End	March 31
Public Accounting Firm	Ernst & Young ShinNihon LLC

Lines of Business

Power Transmission Belts and related products

Conveyor Belts and Systems, related products

Electronic Materials and Coating Materials

Engineering Plastics / Engineering Structural Foam

Waterproofing and Water Shielding Sheet

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