Income Statement

1 Year	20%
3 Years	4%
5 Years	6%

513B

Gross Proft

1 Year	43%
3 Years	7%
5 Years	8%

203B

Operating Income

1 Year	225%
3 Years	21%
5 Years	17%

124B

Net Income

1 Year	279%
3 Years	11%
5 Years	21%

Currency: JPY

	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Sep-2012	Jun-2012	Mar-2012
Revenue
Revenue	1 697 382 +4%	1 633 039 +4%	1 569 092 +8%	1 448 365 +3%	1 412 304 +0%	1 407 055 -2%	1 435 094 -5%	1 513 928 0%	1 518 039 0%	1 520 505 +0%	1 514 893 +0%	1 512 058 -1%	1 522 903 0%	1 525 727 +0%	1 519 041 +1%	1 500 650 +3%	1 463 530 +4%	1 406 622 +4%	1 347 609 +3%	1 309 913 +2%	1 282 570 +0%	1 276 597 -1%	1 292 659 -1%	1 308 694 -1%	1 326 293 -1%	1 343 712 0%	1 347 731 +0%	1 344 786 0%	1 348 306 +0%	1 342 322 +0%	1 340 732 0%	1 342 765 +2%	1 320 006 +3%	1 284 310 +3%	1 245 109 +3%	1 210 933 +2%	1 189 952 +1%	1 176 538 -1%	1 184 274 -1%	1 191 457 N/A

Gross Profit
Cost of Revenue	(1 184 383)	(1 149 698)	(1 122 064)	(1 067 209)	(1 053 242)	(1 052 947)	(1 066 362)	(1 110 538)	(1 115 321)	(1 112 346)	(1 109 375)	(1 100 240)	(1 103 105)	(1 103 182)	(1 096 033)	(1 086 120)	(1 060 586)	(1 016 158)	(976 495)	(949 522)	(933 623)	(941 633)	(960 696)	(977 669)	(992 728)	(1 010 368)	(1 012 957)	(1 011 903)	(1 016 478)	(1 006 849)	(1 000 113)	(996 016)	(971 031)	(923 130)	(891 118)	(864 990)	(846 048)	(848 456)	(841 996)	(826 919)
Gross Profit	512 999 +6%	483 341 +8%	447 028 +17%	381 156 +6%	359 062 +1%	354 108 -4%	368 732 -9%	403 390 +0%	402 718 -1%	408 159 +1%	405 518 -2%	411 818 -2%	419 798 -1%	422 545 0%	423 008 +2%	414 530 +3%	402 944 +3%	390 464 +5%	371 114 +3%	360 391 +3%	348 947 +4%	334 964 +1%	331 963 +0%	331 025 -1%	333 565 +0%	333 344 0%	334 774 +1%	332 883 +0%	331 828 -1%	335 473 -2%	340 619 -2%	346 749 -1%	348 975 -3%	361 180 +2%	353 991 +2%	345 943 +1%	343 904 +5%	328 082 -4%	342 278 -6%	364 538 N/A

Operating Income
Operating Expenses	(310 009)	(273 343)	(309 863)	(292 937)	(296 509)	(300 295)	(286 772)	(304 574)	(303 868)	(307 461)	(312 107)	(306 474)	(303 958)	(297 591)	(290 880)	(284 034)	(282 029)	(273 438)	(267 342)	(261 592)	(256 992)	(257 984)	(258 900)	(226 830)	(229 133)	(230 738)	(232 207)	(279 530)	(282 426)	(285 158)	(305 956)	(275 428)	(272 039)	(282 344)	(270 007)	(258 800)	(249 787)	(224 858)	(227 898)	(228 828)
Selling, General & Administrative	(309 122)	(302 056)	(298 247)	(284 567)	(283 867)	(285 702)	(288 863)	(300 914)	(302 178)	(302 547)	(305 194)	(302 963)	(300 705)	(299 339)	(293 571)	(287 808)	(285 051)	(276 172)	(267 942)	(260 631)	(254 468)	(254 573)	(256 562)	(261 301)	(264 750)	(265 754)	(267 352)	(270 436)	(272 293)	(274 537)	(274 767)	(272 967)	(270 085)	(275 840)	(263 933)	(252 391)	(243 798)	(212 804)	(203 228)	(192 268)
Other Operating Expenses	(887)	28 713	(11 616)	(8 370)	(12 642)	(14 593)	2 091	(3 660)	(1 690)	(4 914)	(6 913)	(3 511)	(3 253)	1 748	2 691	3 774	3 022	2 734	600	(961)	(2 524)	(3 411)	(2 338)	34 471	35 617	35 016	35 145	(9 094)	(10 133)	(10 621)	(31 189)	(2 461)	(1 954)	(6 504)	(6 074)	(6 409)	(5 989)	(12 054)	(24 670)	(36 560)
Operating Income	202 990 -3%	209 998 +53%	137 165 +55%	88 219 +41%	62 553 +16%	53 813 -34%	81 960 -17%	98 816 0%	98 850 -2%	100 698 +8%	93 411 -11%	105 344 -9%	115 840 -7%	124 954 -5%	132 128 +1%	130 496 +8%	120 915 +3%	117 026 +13%	103 772 +5%	98 799 +7%	91 955 +19%	76 980 +5%	73 063 -30%	104 195 0%	104 432 +2%	102 606 +0%	102 567 +92%	53 353 +8%	49 402 -2%	50 315 +45%	34 663 -51%	71 321 -7%	76 936 -2%	78 836 -6%	83 984 -4%	87 143 -7%	94 117 -9%	103 224 -10%	114 380 -16%	135 710 N/A

Pre-Tax Income
Interest Income Expense	7 054	6 200	5 136	1 659	(5 432)	(2 055)	(465)	(69)	7 983	12 751	12 614	15 111	12 295	3 964	4 085	4 535	1 277	2 466	1 646	(12)	868	149	(505)	(1 298)	(2 531)	1 670	444	23	5 370	(2 495)	(3 547)	(5 968)	(8 266)	(7 680)	(5 461)	(3 432)	(4 010)	315	(796)	(1 015)
Non-Reccuring Items	0	0	(4 502)	(4 548)	0	0	(31 385)	(30 082)	(30 623)	(25 618)	0	(3 009)	267	(4 146)	(5 716)	(5 522)	(7 768)	(18 449)	(25 778)	(24 761)	(25 260)	(15 659)	(6 584)	(16 019)	(17 380)	(19 589)	(24 539)	(15 157)	(13 606)	(14 265)	0	(22 533)	(24 290)	(24 546)	(17 348)	(18 136)	(15 109)	(9 867)	(8 288)	(19 733)
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2 756	3 767	3 090
Total Other Income	0	0	(2)	0	(1)	1	1	0	2	0	2	0	2	1	0	0	(1)	0	0	0	0	1	0	1	1	(3)	(2)	(4)	(4)	0	(1)	0	0	(718)	(1 227)	(167)	0	(1 434)	(2 121)	(2 258)
Pre-Tax Income	210 044 -3%	216 196 +57%	137 797 +61%	85 329 +49%	57 120 +10%	51 759 +3%	50 111 -27%	68 667 -10%	76 212 -13%	87 832 -17%	106 027 -10%	117 447 -9%	128 404 +3%	124 773 -4%	130 497 +1%	129 509 +13%	114 423 +13%	101 043 +27%	79 640 +8%	74 026 +10%	67 563 +10%	61 471 -7%	65 974 -24%	86 879 +3%	84 522 0%	84 684 +8%	78 470 +105%	38 215 -7%	41 162 +23%	33 555 +8%	31 115 -27%	42 820 -4%	44 380 -3%	45 892 -23%	59 948 -8%	65 409 -13%	74 998 -21%	94 994 -11%	106 942 -8%	115 794 N/A

Net Income
Tax Provision	(50 981)	(37 688)	(30 982)	(22 613)	(15 956)	(15 871)	(17 667)	(17 824)	(20 697)	(22 190)	(20 817)	(24 755)	(26 412)	(41 096)	(40 386)	(45 037)	(35 126)	(16 344)	(13 105)	(8 297)	(14 200)	(23 123)	(25 970)	(35 961)	(38 235)	(31 260)	(28 704)	(20 717)	(20 687)	(24 269)	(27 009)	(24 613)	(25 358)	(19 904)	(19 754)	(23 025)	(22 485)	(26 486)	(32 410)	(36 040)
Income from Continuing Operations	159 063	178 508	106 815	62 716	41 164	35 888	32 444	50 843	55 515	65 642	85 210	92 692	101 992	83 677	90 111	84 472	79 297	84 699	66 535	65 729	53 363	38 348	40 004	50 918	46 287	53 424	49 766	17 498	20 475	9 286	4 106	18 207	19 022	25 988	40 194	42 384	52 513	68 508	74 532	79 754
Income to Minority Interest	(35 221)	(29 854)	(21 696)	(14 729)	(8 448)	(6 829)	(8 856)	(8 494)	(11 079)	(12 054)	(11 456)	(12 289)	(12 396)	(10 170)	(10 295)	(10 403)	(10 070)	(9 558)	(8 585)	(7 156)	(5 921)	(5 272)	(4 046)	(3 794)	(3 380)	(3 184)	(3 559)	(4 159)	(4 560)	(4 337)	(3 963)	(3 508)	(2 882)	(2 810)	(3 145)	(3 059)	(4 079)	(4 378)	(5 135)	(5 153)
Net Income (Common)	123 842 -17%	148 654 +75%	85 119 +77%	47 987 +47%	32 716 +13%	29 059 +23%	23 588 -44%	42 349 -5%	44 436 -17%	53 588 -27%	73 754 -8%	80 403 -10%	89 596 +22%	73 507 -8%	79 816 +8%	74 069 +7%	69 227 -8%	75 141 +30%	57 950 -1%	58 573 +23%	47 442 +43%	33 076 -8%	35 958 -24%	47 124 +10%	42 907 -15%	50 240 +9%	46 207 +246%	13 339 -16%	15 915 +222%	4 949 +3 361%	143 -99%	14 699 -9%	16 140 -30%	23 178 -37%	37 049 -6%	39 325 -19%	48 434 -24%	64 130 -8%	69 397 -7%	74 601 N/A

Balance Sheet

2.7T

Assets

1 Year	5%
3 Years	6%
5 Years	6%

1.4T

Liabilities

1 Year	-5%
3 Years	7%
5 Years	9%

1.3T

Equity

1 Year	18%
3 Years	5%
5 Years	4%

Currency: JPY

	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Sep-2012	Jun-2012	Mar-2012
Assets
Cash & Cash Equivalents	195 830	251 936	248 059	269 414	236 124	311 448	382 594	163 363	113 784	123 677	125 343	139 557	123 503	139 782	129 884	140 354	126 417	103 540	98 130	92 022	147 325	127 559	125 770	110 097	104 831	70 285	94 377	78 420	69 655	99 473	139 399	122 054	132 649	123 593	117 939	119 472	133 818	86 316	96 301	101 682
Cash Equivalents	195 830	251 936	248 059	269 414	236 124	311 448	382 594	163 363	113 784	123 677	125 343	139 557	123 503	139 782	129 884	140 354	126 417	103 540	98 130	92 022	147 325	127 559	125 770	110 097	104 831	70 285	94 377	78 420	69 655	99 473	139 399	122 054	132 649	123 593	117 939	119 472	133 818	86 316	96 301	101 682
Short-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	300	10 300	13 300	0	35 300	81 000	74 000
Total Receivables	364 151	347 007	336 029	331 165	333 814	307 259	286 626	296 870	317 338	301 159	300 030	296 274	315 478	315 192	302 198	297 042	309 841	304 148	285 387	279 864	286 649	256 239	250 271	264 052	284 475	280 481	279 562	275 557	306 734	288 463	280 694	281 923	303 652	248 549	247 893	248 141	287 386	231 366	223 914	225 464
Accounts Receivables	295 161	274 231	269 208	266 222	266 177	239 419	217 501	238 914	246 958	256 333	254 401	252 554	260 111	262 375	248 107	251 511	260 497	260 862	243 707	238 502	241 476	222 125	215 758	228 247	241 294	246 867	243 248	240 017	262 091	250 019	246 682	246 092	260 901	248 549	247 893	248 141	244 396	231 366	223 914	225 464
Other Receivables	68 990	72 776	66 821	64 943	67 637	67 840	69 125	57 956	70 380	44 826	45 629	43 720	55 367	52 817	54 091	45 531	49 344	43 286	41 680	41 362	45 173	34 114	34 513	35 805	43 181	33 614	36 314	35 540	44 643	38 444	34 012	35 831	42 751	0	0	0	42 990	0	0	0
Inventory	330 101	314 850	300 280	286 501	274 835	287 233	293 591	290 045	291 224	288 196	290 549	291 463	277 014	276 310	263 842	258 428	261 708	254 894	247 930	237 060	227 284	215 155	220 785	235 582	235 374	243 129	250 517	241 048	239 497	244 101	238 690	238 035	236 611	233 199	228 077	223 045	208 031	207 861	202 380	213 645
Other Current Assets	25 189	29 738	43 606	18 280	16 189	16 251	17 279	20 211	20 266	23 431	23 980	19 142	17 201	32 389	28 113	18 415	24 556	22 668	18 224	14 672	12 178	14 135	14 688	10 417	12 866	17 465	16 879	11 384	11 292	13 112	11 217	9 919	9 267	66 919	82 948	71 971	9 638	82 594	83 495	86 374
Total Current Assets	915 271	943 531	927 974	905 360	860 962	922 191	980 090	770 489	742 612	736 463	739 902	746 436	733 196	763 673	724 037	714 239	722 522	685 250	649 671	623 618	673 436	613 088	611 514	620 148	637 546	611 360	641 335	606 409	627 178	645 149	670 000	651 931	682 179	672 560	687 157	675 929	638 873	643 437	687 090	701 165
PP&E Net	1 323 868	1 298 317	1 297 459	1 297 894	1 246 885	1 192 438	1 185 095	1 149 092	1 177 691	1 132 665	1 158 682	1 157 981	1 108 934	1 105 115	1 073 524	1 045 070	1 060 601	1 001 450	985 674	978 071	937 869	878 711	893 105	951 961	982 296	993 515	1 041 089	1 034 036	1 066 193	1 041 830	1 021 901	1 024 306	1 059 946	1 028 504	1 023 309	1 003 024	956 806	877 978	853 679	896 559
PP&E Gross	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1 028 504	1 023 309	1 003 024	0	877 978	853 679	896 559
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1 728 475	1 690 345	1 648 172	0	1 457 106	1 420 347	1 459 790
Intangible Assets	69 913	74 371	76 524	75 021	72 660	63 922	65 395	66 946	69 964	53 830	55 795	56 213	56 645	58 190	55 604	56 097	58 038	57 531	28 770	28 656	27 400	24 939	24 257	26 106	27 456	23 951	24 200	24 282	25 844	24 833	25 122	26 113	27 272	26 363	26 417	25 772	24 986	22 384	22 442	22 587
Long-Term Investments	147 821	162 599	165 361	175 065	162 933	156 530	152 029	142 104	171 257	189 592	208 988	221 518	214 326	253 183	249 918	251 273	274 471	268 502	264 153	261 460	269 105	233 724	216 909	237 196	271 727	267 813	305 406	294 975	280 241	274 035	262 104	250 127	282 389	248 802	236 876	227 313	211 648	157 572	162 148	182 197
Other Long-Term Assets	96 242	91 228	90 920	80 999	72 955	59 859	50 488	46 552	69 945	34 596	34 830	32 688	33 599	34 856	34 662	31 748	34 171	40 051	41 362	40 381	38 782	33 214	36 902	35 594	38 006	40 316	56 384	39 615	41 613	35 679	35 173	36 506	33 899	39 212	37 935	35 752	53 482	53 692	50 695	47 397
Other Assets	112 916	121 103	122 669	121 799	118 063	122 969	101 893	101 094	103 946	113 827	116 775	88 192	89 076	77 940	75 736	76 484	78 757	76 898	95 997	92 570	34 859	34 067	31 781	33 467	34 231	38 286	34 803	34 197	36 269	35 118	35 222	34 347	34 944	27 672	27 600	26 782	30 599	27 400	15 080	15 956
Total Assets	2 666 031 -1%	2 691 149 +0%	2 680 907 +1%	2 656 138 +5%	2 534 458 +1%	2 517 909 -1%	2 534 990 +11%	2 276 277 -3%	2 335 415 +3%	2 260 973 -2%	2 314 972 +1%	2 303 028 +3%	2 235 776 -2%	2 292 957 +4%	2 213 481 +2%	2 174 911 -2%	2 228 560 +5%	2 129 682 +3%	2 065 627 +2%	2 024 756 +2%	1 981 451 +9%	1 817 743 +0%	1 814 468 -5%	1 904 472 -4%	1 991 262 +1%	1 975 241 -6%	2 103 217 +3%	2 033 514 -2%	2 077 338 +1%	2 056 644 +0%	2 049 522 +1%	2 023 330 -5%	2 120 629 +4%	2 043 113 +0%	2 039 294 +2%	1 994 572 +4%	1 916 394 +8%	1 782 463 0%	1 791 134 -4%	1 865 861 N/A

Liabilities
Accounts Payable	196 435	165 950	158 090	155 539	151 874	136 120	119 047	135 785	152 502	142 519	143 611	144 090	156 594	153 423	142 298	141 955	159 489	144 742	137 228	137 015	137 590	116 020	114 187	122 088	126 956	123 532	125 110	125 092	131 147	128 941	130 976	132 841	135 559	121 564	121 727	122 150	118 907	112 151	109 351	118 542
Short-Term Debt	36 820	35 407	59 966	115 058	106 884	200 822	258 048	166 179	78 439	87 576	103 323	94 947	67 281	99 825	61 636	82 468	73 666	49 665	47 267	0	36 689	0	0	0	34 989	0	0	0	63 694	0	0	0	0	98 555	88 614	95 447	0	77 627	72 790	63 741
Current Portion of Long-Term Debt	88 599	86 375	100 411	94 696	87 163	74 843	64 576	76 539	80 101	81 667	78 043	76 059	71 897	76 048	86 031	88 715	63 629	79 749	74 091	139 233	66 669	91 646	93 257	86 464	61 709	101 432	102 650	88 141	33 508	117 960	126 744	119 755	182 686	42 637	42 570	62 414	103 329	85 000	108 978	89 976
Other Current Liabilities	78 385	41 990	38 735	30 671	31 667	29 233	26 672	32 814	30 726	176 820	188 010	170 540	167 326	185 721	181 639	162 857	158 504	152 431	160 688	148 675	136 542	128 076	136 078	124 600	122 503	127 743	136 649	124 445	127 650	143 935	144 037	125 495	129 773	142 041	149 814	153 437	146 616	147 909	155 482	170 268
Total Current Liabilities	599 408	515 040	563 357	592 332	563 898	606 073	632 678	564 482	482 490	488 582	512 987	485 636	463 098	515 017	471 604	475 995	455 288	426 587	419 274	424 923	377 490	335 742	343 522	333 152	346 157	352 707	364 409	337 678	355 999	390 836	401 757	378 091	448 018	404 797	402 725	433 448	368 852	422 687	446 601	442 527
Long-Term Debt	477 774	596 327	596 138	594 945	593 912	592 385	569 268	407 347	444 301	436 674	437 967	430 808	402 601	376 139	361 249	333 229	351 789	333 359	327 376	308 465	330 609	343 321	340 835	372 383	372 034	378 801	382 027	379 858	402 054	405 683	423 957	425 694	392 327	428 939	429 079	399 552	435 270	369 716	360 579	397 638
Deferred Income Tax	35 814	39 389	38 660	40 866	35 153	28 519	27 662	28 903	41 846	33 015	34 330	38 461	34 989	42 880	40 323	47 093	59 492	34 080	21 675	17 551	22 110	9 001	5 647	14 741	32 666	16 419	34 118	25 095	21 145	19 265	15 569	16 487	29 267	0	0	0	12 789	0	0	0
Minority Interest	167 219	152 283	143 369	136 873	127 897	122 037	123 678	121 371	125 538	119 163	116 713	118 685	116 399	113 493	107 819	106 631	105 860	100 358	96 491	94 510	73 305	64 652	64 048	67 240	69 594	66 189	68 959	67 536	67 364	63 131	59 738	60 426	57 929	54 980	57 120	54 902	52 443	48 425	44 523	43 997
Other Liabilities	71 655	101 305	101 301	101 447	98 456	97 669	88 245	81 054	84 142	75 037	73 444	76 253	81 484	67 804	74 094	80 527	72 096	86 338	87 959	91 224	82 499	83 469	90 374	88 329	76 638	82 097	78 218	103 501	117 650	95 312	101 414	109 155	105 872	117 676	111 918	106 569	138 736	97 783	96 148	101 346
Total Liabilities	1 351 870 -4%	1 404 344 -3%	1 442 825 -2%	1 466 463 +3%	1 419 316 -2%	1 446 683 +0%	1 441 531 +20%	1 203 157 +2%	1 178 317 +2%	1 152 471 -2%	1 175 441 +2%	1 149 843 +5%	1 098 571 -2%	1 115 333 +6%	1 055 089 +1%	1 043 475 0%	1 044 525 +7%	980 722 +3%	952 775 +2%	936 673 +6%	886 013 +6%	836 185 -1%	844 426 -4%	875 845 -2%	897 089 +0%	896 213 -3%	927 731 +2%	913 668 -5%	964 212 -1%	974 227 -3%	1 002 435 +1%	989 853 -4%	1 033 413 +3%	1 006 392 +1%	1 000 842 +1%	994 471 -1%	1 008 090 +7%	938 611 -1%	947 851 -4%	985 508 N/A

Equity
Common Stock	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873	90 873
Retained Earnings	927 830	928 588	875 533	836 792	818 701	798 881	810 129	812 265	811 589	787 896	795 367	776 282	773 760	767 394	760 437	734 524	735 653	724 736	711 127	701 991	690 890	676 116	680 607	662 367	663 874	663 733	665 381	636 080	641 866	634 356	639 787	643 293	641 740	811 918	828 248	818 873	655 421	827 344	828 579	815 254
Additional Paid In Capital	81 621	81 699	82 027	83 728	83 501	87 161	94 262	92 587	92 593	93 900	94 297	94 252	94 368	101 527	101 479	101 361	101 420	101 444	101 263	101 306	101 237	100 948	100 705	100 748	100 802	100 794	100 573	100 656	100 670	100 648	100 590	100 601	100 650	98 940	98 750	98 915	100 423	98 813	98 546	98 552
Unrealized Security Profit/Loss	0	0	0	0	20 194	5 248	1 560	0	24 341	29 816	38 863	43 016	32 521	60 068	56 304	51 859	72 790	53 655	46 102	41 881	50 785	26 764	9 991	25 271	56 405	39 910	76 576	67 061	45 543	59 495	52 678	39 910	64 501	81 501	74 597	68 127	594	26 223	29 059	39 395
Treasury Stock	26 933	27 033	27 293	27 541	28 170	28 218	28 246	28 346	28 468	28 497	28 567	28 719	28 821	46 282	29 803	28 356	43 629	28 720	28 765	39 197	29 259	29 287	29 300	29 427	29 576	29 584	29 633	29 757	29 784	29 792	29 976	29 825	29 884	29 868	29 873	30 064	30 076	29 884	29 885	29 891
Other Equity	240 770	212 678	216 942	205 823	130 043	117 281	128 001	105 741	166 170	134 514	148 698	177 481	174 504	204 044	179 102	181 175	226 928	206 972	192 252	191 229	190 912	116 144	117 166	178 795	211 795	213 302	271 716	254 933	263 958	226 837	193 135	188 625	219 336	16 643	24 143	46 623	92 257	169 517	173 889	133 830
Total Equity	1 314 161 +2%	1 286 805 +4%	1 238 082 +4%	1 189 675 +7%	1 115 142 +4%	1 071 226 -2%	1 093 459 +2%	1 073 120 -7%	1 157 098 +4%	1 108 502 -3%	1 139 531 -1%	1 153 185 +1%	1 137 205 -3%	1 177 624 +2%	1 158 392 +2%	1 131 436 -4%	1 184 035 +3%	1 148 960 +3%	1 112 852 +2%	1 088 083 -1%	1 095 438 +12%	981 558 +1%	970 042 -6%	1 028 627 -6%	1 094 173 +1%	1 079 028 -8%	1 175 486 +5%	1 119 846 +1%	1 113 126 +3%	1 082 417 +3%	1 047 087 +1%	1 033 477 -5%	1 087 216 +5%	1 036 721 0%	1 038 452 +4%	1 000 101 +10%	908 304 +8%	843 852 +0%	843 283 -4%	880 353 N/A

Total Liabilities & Equity	2 666 031 -1%	2 691 149 +0%	2 680 907 +1%	2 656 138 +5%	2 534 458 +1%	2 517 909 -1%	2 534 990 +11%	2 276 277 -3%	2 335 415 +3%	2 260 973 -2%	2 314 972 +1%	2 303 028 +3%	2 235 776 -2%	2 292 957 +4%	2 213 481 +2%	2 174 911 -2%	2 228 560 +5%	2 129 682 +3%	2 065 627 +2%	2 024 756 +2%	1 981 451 +9%	1 817 743 +0%	1 814 468 -5%	1 904 472 -4%	1 991 262 +1%	1 975 241 -6%	2 103 217 +3%	2 033 514 -2%	2 077 338 +1%	2 056 644 +0%	2 049 522 +1%	2 023 330 -5%	2 120 629 +4%	2 043 113 +0%	2 039 294 +2%	1 994 572 +4%	1 916 394 +8%	1 782 463 0%	1 791 134 -4%	1 865 861 N/A

Shares Outstanding
Common Shares Outstanding	222M	222M	222M	222M	222M	222M	222M	222M	222M	222M	222M	222M	221M	222M	226M	226M	226M	229M	229M	229M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M	231M

Cash Flow Statement

327B

Operating Cash Flow

1 Year	45%
3 Years	20%
5 Years	10%

-210.6B

Capital Expenditures

1 Year	-10%
3 Years	0%
5 Years	-12%

116B

Free Cash Flow

1 Year	242%
3 Years	N/A
5 Years	6%

Currency: JPY

	Dec-2021	Sep-2021	Jun-2021	Mar-2021	Dec-2020	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017	Mar-2017	Dec-2016	Sep-2016	Jun-2016	Mar-2016	Dec-2015	Sep-2015	Jun-2015	Mar-2015	Dec-2014	Sep-2014	Jun-2014	Mar-2014	Dec-2013	Sep-2013	Jun-2013	Mar-2013	Dec-2012	Jun-2012	Dec-2011	Sep-2011
Operating Cash Flow
Net Income	210 045	216 197	137 798	85 330	57 121	51 760	50 113	68 668	76 213	87 833	106 027	117 447	128 404	124 773	130 497	129 510	114 424	101 044	79 641	74 026	67 563	61 471	65 974	86 879	84 522	84 684	78 470	38 216	41 163	33 556	31 117	42 821	44 381	66 223	59 947	90 044	74 998	106 942	143 359	140 973
Depreciation & Amortization	166 756	158 385	151 118	145 731	143 716	145 717	146 100	146 467	143 361	134 612	130 137	124 849	121 668	124 301	126 565	127 456	128 226	126 500	122 618	121 499	121 803	124 886	129 991	134 979	137 381	138 727	138 160	136 924	137 199	136 972	136 659	136 771	135 751	161 863	128 337	150 918	117 856	113 112	111 629	112 280
Other Non-Cash Items	37 080	5 860	12 983	12 837	11 925	9 685	26 980	25 928	24 532	22 923	(1 413)	(1 875)	(2 479)	(903)	(555)	(823)	206	(1 342)	1 483	1 608	2 173	463	(2 952)	(2 809)	(2 713)	(3 005)	1 004	537	574	1 743	118	2 913	2 839	9 225	7 821	8 152	7 084	1 548	(23)	30 597
Cash Taxes Paid	34 913	27 326	25 617	21 812	18 160	22 524	23 012	27 950	29 217	24 950	27 077	33 464	35 870	32 734	29 123	20 561	9 839	13 974	13 640	12 529	19 001	20 444	20 115	20 682	20 380	28 203	31 479	34 184	35 716	26 325	25 522	21 990	18 721	30 765	23 799	29 026	25 109	38 119	72 363	74 178
Cash Interest Paid	6 569	6 714	6 869	7 204	7 786	9 188	10 856	12 192	13 073	12 268	11 696	10 297	9 073	8 458	7 715	7 366	7 836	7 683	7 216	7 123	7 080	6 456	6 352	6 285	5 451	6 264	6 012	6 186	6 638	6 073	6 604	6 378	6 175	8 035	6 273	7 773	5 942	5 906	6 030	6 070
Change in Working Capital	(87 168)	(74 848)	(18 982)	8 408	12 629	(14 175)	(21 859)	(40 639)	(52 201)	(23 591)	(23 880)	(34 999)	(58 306)	(53 080)	(62 226)	(67 804)	(39 351)	(27 687)	(10 169)	9 806	12 098	8 700	2 219	(35 319)	(32 023)	(56 246)	(66 127)	(25 404)	(43 147)	(23 092)	(12 223)	(15 185)	(15 600)	(41 880)	(29 691)	(38 381)	(29 773)	(68 544)	(102 742)	(106 390)
Cash from Operating Activities	326 713 +7%	305 594 +8%	282 917 +12%	252 306 +12%	225 391 +17%	192 987 -4%	201 334 +0%	200 424 +4%	191 905 -13%	221 777 +5%	210 871 +3%	205 422 +9%	189 287 -3%	195 091 +0%	194 281 +3%	188 339 -7%	203 505 +3%	198 515 +3%	193 573 -6%	206 939 +2%	203 637 +4%	195 520 +0%	195 232 +6%	183 730 -2%	187 167 +14%	164 160 +8%	151 507 +1%	150 273 +11%	135 789 -9%	149 179 -4%	155 671 -7%	167 320 0%	167 371 -14%	194 664 +18%	165 647 -21%	210 733 +24%	170 165 +11%	153 058 +1%	152 223 -14%	177 460 N/A

Investing Cash Flow
Capital Expenditures	(210 572)	(219 016)	(204 610)	(204 616)	(191 469)	(189 457)	(190 874)	(190 784)	(197 928)	(208 129)	(211 292)	(210 966)	(211 370)	(202 427)	(192 617)	(174 893)	(157 227)	(137 730)	(118 565)	(114 079)	(118 379)	(111 968)	(125 593)	(127 788)	(126 491)	(134 574)	(122 291)	(118 281)	(113 966)	(109 967)	(120 210)	(131 856)	(148 477)	(200 851)	(163 476)	(197 871)	(155 983)	(143 899)	(139 517)	(132 977)
Other Items	86 785	67 037	(13 709)	(23 463)	(38 779)	(15 602)	24 971	6 644	15 292	(18 244)	(26 032)	3 521	16 920	29 954	27 064	30 298	(52 333)	(52 764)	(63 616)	(68 133)	4 783	12 069	8 295	5 262	10 540	2 395	6 077	5 668	5 212	4 086	4 935	5 207	2 499	(11 561)	(12 365)	(909)	(2 663)	25 839	15 937	285
Cash from Investing Activities	(123 787) +19%	(151 979) +30%	(218 319) +4%	(228 079) +1%	(230 248) -12%	(205 059) -24%	(165 903) +10%	(184 140) -1%	(182 636) +19%	(226 373) +5%	(237 324) -14%	(207 445) -7%	(194 450) -13%	(172 473) -4%	(165 553) -14%	(144 595) +31%	(209 560) -10%	(190 494) -5%	(182 181) +0%	(182 212) -60%	(113 596) -14%	(99 899) +15%	(117 298) +4%	(122 526) -6%	(115 951) +12%	(132 179) -14%	(116 214) -3%	(112 613) -4%	(108 754) -3%	(105 881) +8%	(115 275) +9%	(126 649) +13%	(145 978) +31%	(212 412) -21%	(175 841) +12%	(198 780) -25%	(158 646) -34%	(118 060) +4%	(123 580) +7%	(132 692) N/A

Financing Cash Flow
Net Issuance of Common Stock	(586)	(583)	(580)	(12)	(13)	(13)	(14)	(16)	(15)	(3 491)	(20 022)	(21 519)	(21 521)	(33 052)	(16 551)	(15 067)	(25 069)	(10 071)	(10 042)	(10 029)	(24)	(29)	(35)	(45)	(57)	(50)	(47)	(38)	(29)	(37)	(35)	(44)	(44)	(45)	(38)	(32)	(27)	(8 205)	(8 262)	(6 466)
Net Issuance of Debt	(215 814)	(184 430)	(173 816)	105 935	157 793	231 065	252 065	42 327	11 330	28 172	72 821	51 632	54 395	72 559	45 367	43 214	31 412	(1 444)	(7 559)	(9 109)	(23 841)	(13 574)	(19 024)	(4 074)	(15 105)	(40 312)	(66 984)	(67 861)	(78 932)	(63 048)	(26 918)	(39 915)	1 739	(20 573)	(27 536)	44 451	27 412	55 435	(19 578)	(8 035)
Cash Paid for Dividends	(31 045)	(31 045)	(26 594)	(26 594)	(26 591)	(26 591)	(26 587)	(26 587)	(26 582)	(26 582)	(25 719)	(25 719)	(24 858)	(24 858)	(23 885)	(23 885)	(21 864)	(21 864)	(20 814)	(20 814)	(20 811)	(20 811)	(20 808)	(20 808)	(20 806)	(20 806)	(20 805)	(20 805)	(16 181)	(16 181)	(20 803)	(20 803)	(30 047)	(45 074)	(30 049)	(45 076)	(30 054)	(30 197)	(31 507)	(31 507)
Other	(4 814)	(4 926)	(6 966)	(7 478)	(2 746)	(2 061)	(8)	483	(2 017)	(2 912)	(2 272)	(2 200)	641	542	(260)	491	(3 199)	(3 014)	(3 084)	(2 447)	(1 774)	(726)	(712)	(770)	551	(572)	(511)	(467)	469	388	(410)	(613)	(5 210)	(4 971)	(3 932)	(4 564)	(1 397)	(1 751)	(1 486)	(2 359)
Cash from Financing Activities	(252 259) -14%	(220 984) -6%	(207 956) N/A	71 851 -44%	128 443 -37%	202 400 -10%	225 456 +1 291%	16 207 N/A	(17 284) -259%	(4 813) N/A	24 808 +1 031%	2 194 -75%	8 657 -43%	15 191 +225%	4 671 -2%	4 753 N/A	(18 720) +49%	(36 393) +12%	(41 499) +2%	(42 399) +9%	(46 450) -32%	(35 140) +13%	(40 579) -58%	(25 697) +27%	(35 417) +43%	(61 740) +30%	(88 347) +1%	(89 171) +6%	(94 673) -20%	(78 878) -64%	(48 166) +22%	(61 375) -83%	(33 562) +53%	(70 663) -15%	(61 555) -1 079%	(5 221) -28%	(4 066) N/A	15 282 N/A	(60 833) -26%	(48 367) N/A

Change in Cash
Effect of Foreign Exchange Rates	9 039	7 856	8 823	9 973	(1 246)	(2 557)	(3 637)	(8 685)	(1 704)	(6 695)	(2 895)	(967)	(6 407)	(1 567)	(1 645)	(166)	3 868	4 354	2 468	(402)	(1 098)	(3 208)	(5 963)	(3 831)	(623)	571	8 033	7 877	4 644	3 405	(2 295)	2 781	11 001	17 182	18 335	15 687	8 806	(3 257)	(3 040)	(4 344)
Net Change in Cash	(40 294) +32%	(59 513) +56%	(134 535) N/A	106 051 -13%	122 340 -35%	187 771 -27%	257 250 +981%	23 806 N/A	(9 719) +40%	(16 104) -255%	(4 540) -470%	(796) +73%	(2 913) N/A	36 242 +14%	31 754 -34%	48 331 N/A	(20 907) +13%	(24 018) +13%	(27 639) -53%	(18 074) N/A	42 493 -26%	57 273 +82%	31 392 -1%	31 676 -10%	35 176 N/A	(29 188) +35%	(45 021) -3%	(43 634) +31%	(62 994) -96%	(32 175) -220%	(10 065) +44%	(17 923) -1 435%	(1 168) +98%	(71 229) -33%	(53 414) N/A	22 419 +38%	16 259 -65%	47 023 N/A	(35 230) -344%	(7 943) N/A

Free Cash Flow
Free Cash Flow	116 141 +34%	86 578 +11%	78 307 +64%	47 690 +41%	33 922 +861%	3 530 -66%	10 460 +9%	9 640 N/A	(6 023) N/A	13 648 N/A	(421) +92%	(5 544) +75%	(22 083) -201%	(7 336) N/A	1 664 -88%	13 446 -71%	46 278 -24%	60 785 -19%	75 008 -19%	92 860 +9%	85 258 +2%	83 552 +20%	69 639 +24%	55 942 -8%	60 676 +105%	29 586 +1%	29 216 -9%	31 992 +47%	21 823 -44%	39 212 +11%	35 461 0%	35 464 +88%	18 894 N/A	(6 187) N/A	2 171 -83%	12 862 -9%	14 182 +55%	9 159 -28%	12 706 -71%	44 483 N/A

AGC Inc (TSE:5201)

Income Statement

Balance Sheet

Cash Flow Statement

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