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Financial Results Presentation AMADA CO., LTD.November 13, 2025Consolidated Results for the 2ndQuarter(For The Six Months Ended September 30, 2025)Representative Director, PresidentDirector, Executive Officer, Executive General Manager of Financial Div.Takaaki YamanashiKazuhiko Miwa
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1 Sales revenue¥184.2 bn -0.1 % +1.3 %Operating profit¥15.3 bn -33.9 % -28.6 %Net income*¥10.3 bn -31.3 % -33.3 %Orders¥201.1 bn +10.3 % +12.0 %YoY(in real terms)AmountYoYFY2025 Q1-Q2 cumulative summaryResultsTopics*Net income attributable to owners of parentDespite high economic uncertainty, the environment saw growing demand for AI-related capital expenditure as many countries reached agreements on bilateral tariff rates.Sales revenue decreased by 0.1% year-on-year due to a delay in converting the order backlog into sales. However, it maintained the third-highest level for a first half period, with North America and the Asia/Others region achieving record highs.Operating income decreased by 33.9% year-on-year, primarily due to the decline in sales revenue, an increase in selling, general and administrative (SG&A) expenses, and the impact of the stronger yen against the U.S. dollar.Order intake increased by 10.3% year-on-year, driven by the progress in labor-saving and automation investment, and the expansion of data center-related demand, mainly in the United States. Overseas orders reached a record high for a first half period.The order backlog increased by 32.2% year-on-year to 204.6 billion yen, as order intake outpaced sales revenue during the half-year period.
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2 [Billions of yen]Amount ShareAmount ShareAmount %Sales revenue 184.5100.0%184.2100.0%-0.2-0.1%Gross profit 81.043.9%76.541.5%-4.5-5.6%SG&A 58.231.5%61.833.6%3.66.3% Variable cost 8.24.4%8.74.7%0.56.5% Fixed cost 50.027.1%53.128.8%3.16.2%Operating profit 23.112.6%15.38.3%-7.8-33.9%Net income * 15.18.2%10.35.6%-4.7-31.3%\exchange rate USD 152.62 146.04-6.58 EUR 165.93 168.06 2.13* Net income attributable to owners of parent YoYChangeFY2024Q1-Q2 cumulativeFY2025Q1-Q2 cumulativeConsolidated Income Statement Results
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387.092.75.45.816.416.025.926.2134.8140.8 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulativeConsummablesServiceSoftware/FAMachinery134.8 140.8 15.5 14.3 20.2 20.3 11.0 19.8 5.3 0.6 0.6 182.3 201.1 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulative OthersVia MechanicsStampingPress, H&FCutting &GrindingMicro WeldingSheet-metal Trend of OrdersOrders by divisionOrders by RegionBreakdown ofSheet-metal Division 67.372.4114.9128.7182.3201.1 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulativeOverseasJapan [Billions of yen]
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4Sales RevenueFY2024Q1-Q2cumulativeFY2025Q1-Q2cumulativeYoYH&F - 11.8 -Via Mechanics - 3.1 -OP margin- 4.8% -Sales RevenueFY2024Q1-Q2cumulativeFY2025Q1-Q2cumulativeYoYCutting &Grinding 22.9 20.9-8.5%Stamping Press 9.0 8.0-10.7%OP margin11.4% 8.8%Sales RevenueFY2024Q1-Q2cumulativeFY2025Q1-Q2cumulativeYoYSheet-metal 136.8 127.0-7.2%Micro Welding 15.0 12.6-15.7%OP margin12.5% 8.3%-14.9 -0.7 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulative151.9 139.7 19.0 11.5 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulative Sales RevenueOperating ProfitResults by Segments 31.9 29.0 3.6 2.5 FY2024Q1-Q2cumulativeFY2025Q1-Q2cumulative Metal Working MachinerySegmentM&AMetal Machine ToolsSegment[Billions of yen]
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5 Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio]Metal Working Machinery45.226.7%43.125.5%30.017.8%21.212.5%94.455.8%139.782.5%YoY(%)-8.0% -6.1% -16.2%1.6%-8.1% -5.8% -8.1% -6.5%Sheet metal Fabrication43.425.7%39.323.2%27.616.3%16.59.8%83.549.3%127.075.0%YoY(%)-7.6% -4.0% -16.7%5.7%-7.0% -4.8% -7.2% -5.8%Machinery 25.515.1%24.514.5%16.910.0%12.07.1%53.631.7%79.246.8%YoY(%)-12.8% -7.1% -2.8% -25.3%-26.3%10.4% 14.0%-10.8% -8.6% -11.4% -10.0%Service 17.810.6%14.68.7%10.66.3%4.52.7%29.917.7%47.828.2%YoY(%)0.9% 1.2% 5.9% 2.0% 0.6%-3.5% -1.1%0.7% 2.9% 0.8% 2.1%Micro Welding 1.71.1%3.72.2%2.41.4%4.62.8%10.86.4%12.67.5%YoY(%)-16.4% -24.1% -9.4% -10.7% -15.6% -12.5% -15.7% -13.1%Metal Machine Tools15.29.0%6.43.8%3.62.1%3.62.2%13.78.1%29.017.1%YoY(%)-16.1%12.8%-7.3% -10.8%0.0% 2.4%-9.2% -8.1% Metal Cutting & Grinding9.05.4%5.33.2%3.52.1%3.01.8%11.87.0%20.912.4%YoY(%)-19.2%3.1%-7.7%12.0% 1.6% 3.7%-8.5% -7.5%Stamping Press 6.13.6%1.10.7%0.10.1%0.60.4%1.91.1%8.04.8%YoY(%)-11.2%100.9% 9.7%-54.0% -9.1% -5.0% -10.7% -9.8%Others0.50.4%- - - - 0.00.0%- - 0.60.4% Total 61.136.1%49.529.3%33.719.9%24.914.7%108.263.9%169.3100.0%YoY(%)-10.2% -4.0%0.4%-15.3%-16.3%-0.5%2.7%-7.1% -4.8% -8.2% -6.8%H&F 6.33.5%2.01.1%0.20.2%3.11.7%5.43.0%11.86.4%YoY(%)- - - - - - - -Via Mechanics 1.10.6%0.00.0%0.00.0%1.81.0%2.01.1%3.11.7%YoY(%)- - - - - - - -Grand Total 68.537.2%51.728.1%34.018.5%29.916.2%115.762.8%184.2100.0%YoY(%)0.8% 0.1% 4.5%-14.4%-15.4%19.5% 22.7%-0.7%1.6%-0.1%1.3% =YoY change shown in the same exchange rate [Billions of yen]Japan Overseas TotalNorth America EuropeAsia and othersSales of Geographical & Industry Segments
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62.5%10.0%18.0%25.3%43.4%50.3%62.7%76.5%85.4%89.9%94.5%96.0%95.4%97.5%98.2%98.8%Responding to Social issues through business ActivitiesFiber Laser Machine Sales RatioAutomated Laser/ Punching MachineAutomated Bending MachineAutomated58.1%Non-automated41.9%Automated35.9%Non-automated64.1% The ratio of automated equipment in sales（YoY＋1.6%)The ratio of automated equipment in sales（YoY＋3.4%)
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7 Analysis of Consolidated Operating ProfitOP ¥15.3bnYoY ¥-7.8bn Changes in COGS percentage -¥0.3bn⊕Improvement of sales price⊕Decrease of material costIncrease in factory operating rate⊖Impact of U.S. tariff, etc.SG&A expenses -¥2.4bn (Decrease in profits)(Decrease in profits)[Billions of yen] ⊖Increased personnel expenses-0.6 bn⊖Increased variable expenses-0.9 bn⊖Increased depreciation expenses-0.2 bn⊖Increased commission related-0.3 bn⊖Others-0.4 bn ±
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8196 197 191 173 193 178 202 158 180 188 4.3 4.34.23.84.44.0 4.63.64.14.2 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 Q4 FY2025 Q1 Q2 385 419 398 380 416 388 445 352 371 385 4.14.54.34.14.44.14.73.74.0 4.1 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 Q4 FY2025 Q1 Q2 Trends in the Inventory Volume by RegionPerformanceSituation◇Inventory volume ¥165.5bn YoY +¥19.8bn（+13.7%）◇Turnover months 4.5months YoY +0.1 month*Turnover months:Inventory amount／Annual (actual or forecasted) sales revenue÷12*Each region's figures are before consolidation eliminations, and inventory volumes use the actual rates at each period-end[Billions of yen]Merchandise & finished productsWork in processRaw materials and partsTurnover monthsConsolidationJapanNorth AmericaEuropeAsia and others1,561 1,571 1,565 1,465 1,612 1,447 1,527 1,314 1,447 1,645 4.64.7 4.74.44.94.44.64.0 4.04.5 FY2023Q1 Q2 Q3 Q4FY2024Q1 Q2 Q3 Q4FY2025Q1 Q2 733 715 740 675 750 666 650 597 676 655 3.83.73.83.54.23.73.63.33.53.4 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 Q4 FY2025 Q1 Q2 388 391 390 381 394 354 377 333 356 375 5.25.3 5.35.15.44.95.24.64.95.2 FY2023 Q1 Q2 Q3 Q4 FY2024 Q1 Q2 Q3 Q4 FY2025 Q1 Q2
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9 Transition of Orders by Region(YoY) = Q2 order amountPre-COVIDPeakQuarterly Order Trends Exchange rate:1USD=¥140, 1EUR=¥160 Converted all periods at the same exchange rate*Oct: Preliminary results for October (excluding Via Mechanics).FY2023Japan-29%+13%-18% -5% -10% -20% -3%+3%-1% -5%+26%-12%+14%-6% -4%+21%N. America-26% -13% -2%+9%-9%+17%-13%+7%-7%+0% +11% +83% +7% +11% +29%+17%Europe-7% -6% -17%+22%-4% -8% -4% -12% -19% -11% -12% -0%+2% +9% +4%+2%Asia/others-6% -15%+10% +2%-3% -6%+1%-10% -4% -5%+23% +41% +73% +36% +47%-6%Overseas-15% -11% -6%+12%-6%+2%-7% -4% -11% -5%+6% +40% +18% +17% +25%+7%Total-21% -2% -10%+4%-8% -6% -5% -2% -6% -5%+12% +18% +16% +5% +12%+11%Jul-Sep Oct*Jul Aug SepFY2025Jan-Mar Total Apr-Jun Jul-Sep Oct-DecApr-Jun Jul-Sep Oct-Dec TotalApr-JunYoYsameexchange rate*FY2024Jan-Mar
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10 ◇ Revenue 440.0 bn YoY +10.9%◇ Operating profit 46.0 bn YoY -6.3%◇ Orders 430.0 bn YoY +15.3%Amount ShareAmount ShareAmount %AmountDifferense Difference(%)Sales revenue 396.6100.0%440.0100.0%43.310.9%405.0 35.08.6%Gross profit 172.343.5%177.640.4%5.23.0%168.4 9.25.5%SG&A 124.731.4%131.830.0%7.05.7%124.0 7.86.3% Variable cost 17.84.5%19.14.3%1.27.0%19.0 0.10.5% Fixed cost 106.826.9%112.725.6%5.85.4%105.0 7.77.3%Operating profit 49.012.4%46.010.5%-3.0-6.3%45.0 1.02.2%Net income * 32.38.2%32.07.3%-0.3-1.2%31.0 1.03.2%Orders 372.8 430.0 57.115.3%400.0 30.07.5%\exchange rate USD 152.57 145.52-7.05140.005.52 EUR 163.74 164.03 0.29160.004.03* Net income attributable to owners of parent [Billions of yen]FY2025[Previous Forecast]FY2024FY2025YoYChange[Result][Forecast]ConsolidatedForecastConsolidated Forecasts Income StatementForecast
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11 Sales of Geographical & Business SegmentsForecast Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio] Amount [Ratio]Metal Working Machinery105.027.0%98.125.3%75.019.3%46.512.0%219.656.5%324.683.6%YoY(%)-1.6% -3.5%0.0%-0.5% -1.7%1.1%-1.7%0.2%Sheet metal Fabrication101.426.1%88.422.8%68.617.7%38.710.0%195.850.4%297.376.5%YoY(%)-0.7% -1.4% -1.4%5.9%-0.1%2.7%-0.3%1.5%Machinery 63.916.5%59.715.4%46.812.0%29.37.6%135.935.0%199.951.5%YoY(%)-2.5% -1.7% -3.0%8.9%-0.1% -0.9%After-sales business37.49.6%28.77.4%21.85.6%9.32.4%59.915.4%97.425.1%YoY(%)2.5%-0.9%2.2%-2.5% -0.1%0.9%Micro Welding 3.50.9%9.62.5%6.31.6%7.72.0%23.76.1%27.37.0%YoY(%)-21.0% -19.2%18.9%-23.6% -13.4% -10.5% -14.5% -12.0%Metal Machine Tools33.58.6%13.03.4%8.32.1%7.82.0%29.27.5%62.716.1%YoY(%)-7.8%10.1%-3.0% -7.0%1.2% 3.7%-3.8% -2.7% Metal Cutting & Grinding19.75.1%10.52.7%8.12.1%5.61.5%24.36.3%44.111.4%YoY(%)-8.5%2.5%-1.2%0.9% 0.8% 3.2%-3.6% -2.3%Stamping Press 13.73.5%2.50.7%0.10.0%2.10.6%4.81.3%18.64.8%YoY(%)-6.7%59.1%-46.7% -22.8%3.1% 6.4%-4.3% -3.5%Others1.10.3%- - - - - - - - 1.10.3% Total 139.635.9%111.128.6%83.321.5%54.314.0%248.864.1%388.5100.0%YoY(%)-3.2% -2.1%2.5%-0.3% -0.2% -1.5%1.5%-1.4%1.4%-2.1% -0.3% H&F 12.33.0%3.70.9%0.50.1%5.21.3%9.62.3%22.05.4%YoY(%)- - - - - - - - Total 152.037.0%114.928.0%83.920.4%59.514.5%258.463.0%410.5100.0%YoY(%)5.4% 1.2% 5.9% 0.4% 0.5% 8.0% 11.0% 2.4% 5.2% 3.5% 5.3% Via Mechanics29.46.7%YoY(%)- -Grand Total 440.0100.0%YoY(%)10.9% 12.7% =YoY change shown in the same exchange rate [Billions of yen]Japan Overseas TotalNorth America EuropeAsia and others
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12 Analysis of Consolidated Operating Income YoY - ¥3.0bnOP ¥46.0bnChanges in COGS percentage +¥1.3bnSG&A expense ¥-2.2bn(Decrease in profits)(Increase in profits)[Billions of yen]Forecast⊕Improvement of sales price⊕Decrease of material costIncrease in factory operating rate⊖Impact of U.S. tariff, etc.± ⊖Increased personnel expenses-1.3 bn⊖Increased variable expenses-1.0 bn⊖Increased depreciation expenses-1.0 bn⊕Increased commission related+1.1 bn
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13 Dividends for FY2025 : First Half (H1): ¥31 Second Half (H2): ¥31 Full Year: ¥62(Unchanged from the previous fiscal year)DividendsDividend forecast remains unchanged from the previous announcementFY2021ResultFY2022ResultFY2023ResultFY2024ResultFY2025initial planFY2025Revised forecastBreakdownFirsthalf¥17 ¥22 ¥25 ¥31 ¥31 ¥31Secondhalf¥21 ¥26 ¥35 ¥31 ¥31 ¥31Annualdividends（payout ratio）¥38（47.6％）¥48（48.9%）¥60（50.4%）¥62（62.8％）¥62（64.3％）¥62(61.4%)DOE - - 3.8％ 3.9％ 3.9％ 3.8%Purchase of treasury shares- - ¥20bn ¥20bn ¥20bn ¥20bnTotal return ratio 47.6% 48.9% 99.7% 124.6%128.8％ 123.9% Forecast
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14 AMADA DIAs of Sept. 30, 2025
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16 [Billions of yen]FY2025 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarTotal25.5 30.7 35.4 34.4 28.3 40.7 31.0YoY(%)-1%+16% +21% +18% +16% +5% +11%Domestic7.8 9.5 15.5 10.9 9.8 18.7 10.4YoY(%)+7% +17% +46%-12%+14%-6%+21%Overseas17.6 21.1 19.9 23.4 18.5 21.9 20.5YoY(%)-5%+16% +7% +40% +18% +17% +7%FY2024 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarTotal25.8 26.4 29.2 29.2 24.3 38.6 27.8 27.8 32.0 28.5 30.3 38.0YoY(%)+1%-7% -11%+2%-5% -10% -6% -1%+3% +4%-4% -15%Domestic7.3 8.1 10.6 12.4 8.6 19.9 8.7 9.6 10.9 9.6 9.6 24.4YoY(%)-15% -20% -22%+32% +3%-18% -14%+19% +7% +18%-20%+3%Overseas18.5 18.2 18.6 16.8 15.7 18.6 19.1 18.2 21.1 18.8 20.6 13.6YoY(%)+9% +1%-4% -13% -9%+0%-3% -9%+1%-2%+6%-35%*Overseas orders in FY2025 and FY2024 are converted at the same rate. Monthly Orders (Brief Version)Exchange rate:1USD=¥140, 1EUR=¥160 Converted all periods at the same exchange rate*Oct: Preliminary results for October (excluding Via Mechanics).
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17 ＜ Consolidated Sales revenue ＞AmountShareAmountShareAmount%151.9 82.3% 139.7 75.8%-12.2 -8.1%Sheet metal fabrication136.8 74.2% 127.0 68.9%-9.8 -7.2%Machinery89.4 48.5% 79.2 43.0%-10.2 -11.4%Software/FA5.4 3.0% 5.4 2.9% 0.0-0.7%Service16.0 8.7% 16.0 8.7% 0.0 0.3%Consumables25.9 14.1% 26.3 14.3% 0.3 1.3%Micro Welding15.0 8.2% 12.6 6.9%-2.3 -15.7%Metal machine tools31.9 17.3% 40.8 22.2% 8.8 27.8%Metal Cutting・Grinding22.9 12.4% 20.9 11.4%-1.9 -8.5%Stamping Press9.0 4.9% 19.8 10.8% 10.8 120.4%Via Mechanics- - 3.1 1.7% 3.1 0.0%Others0.6 0.4% 0.6 0.3% 0.0-7.5%184.5 100.0% 184.2 100.0%-0.2 -0.1% FY2025Q1-Q2cumulativeYoYChangeMetal working machineryFY2024Q1-Q2cumulative Total [Billions of yen]＜ Consolidated Orders ＞AmountShareAmountShareAmount%150.3 82.5% 155.1 77.1% 4.7 3.2%Sheet metal fabrication134.8 74.0% 140.8 70.0% 5.9 4.4%Machinery87.0 47.8% 92.7 46.1% 5.6 6.5%Software/FA5.4 3.0% 5.8 2.9% 0.3 7.0%Service16.4 9.0% 16.0 8.0%-0.3 -2.3%Consumables25.9 14.2% 26.2 13.0% 0.2 1.0%Micro Welding15.5 8.5% 14.3 7.1%-1.1 -7.6%Metal machine tools31.3 17.2% 40.1 19.9% 8.8 28.2%Metal Cutting・Grinding20.2 11.1% 20.3 10.1% 0.0 0.3%Stamping Press11.0 6.1% 19.8 9.8% 8.7 79.4%Via Mechanics- - 5.3 2.6% 5.3 0.0%Others0.6 0.4% 0.6 0.3% 0.0-7.5%182.3 100.0% 201.1 100.0% 18.8 10.3% FY2025Q1-Q2cumulativeYoYChangeMetal working machineryFY2024Q1-Q2cumulative Total [Billions of yen]Orders and Revenue by Segments
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18 １H FY 1H FY 1H FY1H ForecastTotal assetsBillions of yen642.7647.5668.4681.0655.2649.87,381－Equity*1Billions of yen504.0504.1525.0529.6519.8519.25,221－Equity ratio*2（%）78.4%77.8%78.6%77.8%79.3%79.9%70.7%－ROE（%）ー6.9%－7.9%－6.2%－6.2%EPSyen48.9098.2557.15118.9545.4598.7232.50101.02Net assets per share*3yen1,449.701,450.071,532.721,584.101,579.641,619.191,616.19－Dividends per shareyen2248256031623162Payout ratio（%）48.9%50.4%62.8%61.4%Capital investmentTotal16.025.96.418.05.110.152105(Billions of yen)Tangible14.121.54.113.02.95.832－Intangible1.84.42.25.02.24.219－Depreciation & AmortizationBillions of yen8.717.69.118.49.519.3103205R＆DBillions of yen2.96.53.06.73.06.23163Cash flowsChange Amount*4-16.0 -8.2 -15.3 -5.1 0.3 11.4 285 －(Billions of yen)Operating Cash Flow6.624.98.447.515.346.1216－Exchange rate USDDuring period133.98135.48141.00144.62152.62152.57146.04145.52End of period144.81133.54149.58151.40142.82149.53148.89－EURDuring period138.72140.97153.38156.79165.93163.74168.06164.03End of period142.32145.72157.97163.28159.53162.03174.51－Consolidated subsidiariesTotal86858685848497－Japan15151514131315－Overseas71707171717182－Affiliates accounted forTotal3333222－by equity methodJapan2222111－Overseas1111111－ Total(consolidated)Total89888988868699－Japan17171716141416－Overseas72717272727283－Number of employeesNumber of Employees8,8498,9589,0189,0058,9978,9979,874－ FY2025FY2023FY2024FY2022１H FY 1H FY 1H FY1H ForecastTotal assetsBillions of yen642.7647.5668.4681.0655.2649.87,381－Equity*1Billions of yen504.0504.1525.0529.6519.8519.25,221－Equity ratio*2（%）78.4%77.8%78.6%77.8%79.3%79.9%70.7%－ROE（%）ー6.9%－7.9%－6.2%－6.2%EPSyen48.9098.2557.15118.9545.4598.7232.50101.02Net assets per share*3yen1,449.701,450.071,532.721,584.101,579.641,619.191,616.19－Dividends per shareyen2248256031623162Payout ratio（%）48.9%50.4%62.8%61.4%Capital investmentTotal16.025.96.418.05.110.152105(Billions of yen)Tangible14.121.54.113.02.95.832－Intangible1.84.42.25.02.24.219－Depreciation & AmortizationBillions of yen8.717.69.118.49.519.3103205R＆DBillions of yen2.96.53.06.73.06.23163Cash flowsChange Amount*4-16.0 -8.2 -15.3 -5.1 0.3 11.4 285 －(Billions of yen)Operating Cash Flow6.624.98.447.515.346.1216－Exchange rate USDDuring period133.98135.48141.00144.62152.62152.57146.04145.52End of period144.81133.54149.58151.40142.82149.53148.89－EURDuring period138.72140.97153.38156.79165.93163.74168.06164.03End of period142.32145.72157.97163.28159.53162.03174.51－Consolidated subsidiariesTotal86858685848497－Japan15151514131315－Overseas71707171717182－Affiliates accounted forTotal3333222－by equity methodJapan2222111－Overseas1111111－ Total(consolidated)Total89888988868699－Japan17171716141416－Overseas72717272727283－Number of employees8,8498,9589,0189,0058,9978,9979,874－ FY2025FY2023FY2024FY2022Transition of Financial Data *1 Equity attributable to owners of the parent company*2 Equity ratio attributable to owners of the parent company to total assets*3 Equity attributable to owners of the parent company per share*4 Change in Cash and Cash Equivalents as per Cash Flow Statement
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19These materials include performance projections and descriptions of future strategies for use in connection with presentations and the provision of answers to inquiries, and these projections and descriptions are based on the Company’s managers’ judgments made in light of currently available information.These kinds of statements and forecasts based on projections of future situations are not guarantees of future performance. Please be aware that actual results may differ greatly from such statements and forecasts due to diverse factors, including trends in demand for products, currency exchange rates, and interest rates.