Continued Research and Development Activity

「The Group's total R&D expenses for the current interim consolidated accounting period were ¥4,669 million. There were no material changes in the status of the Group's R&D activities during the current interim consolidated accounting period.」

「As part of these efforts, the Company completed construction of a bioprocess research institute on Port Island in Kobe to develop the world's first gas-circulation fermentation process using CO2 as a feedstock. In addition, in the sustainable aviation fuel (SAF) sector, the Company completed construction of Japan's first large-scale SAF production facility and began supplying SAF to airlines. Total R&D expenses for the current consolidated fiscal year were ¥8,745 million.」

「The Group's R&D expenses for the nine months ended 31 December were ¥8,341 million . There were no material changes in the status of the Group's R&D activities during the nine months ended 31 December.」

「The Group's total R&D expenses for the first quarter of the current consolidated cumulative period were ¥2,413 million. There were no material changes in the status of the Group's R&D activities during the first quarter of the current consolidated cumulative period.」

「As a result, in addition to continuing to promote demonstration projects aimed at the early acquisition of technologies that will become the core of future businesses, the Group was able to promote new demonstration projects, establish special-purpose companies to advance its businesses, build partnerships with relevant parties to promote commercialization, and foster new industry-academia collaboration. R&D expenses include ¥2,096 million in R&D costs incurred by the Company that cannot be allocated to individual segments, and total R&D expenses for the current consolidated fiscal year were ¥7,862 million.」

「The Group's total R&D expenses for the third quarter of the current consolidated cumulative period were ¥6,077 million. There were no material changes in the status of the Group's R&D activities during the third quarter of the current consolidated cumulative period.」

「The Group's total R&D expenses for the second quarter of the current consolidated cumulative period were ¥4,183 million. There were no material changes in the status of the Group's R&D activities during the second quarter of the current consolidated cumulative period.」

「The Group's total R&D expenses for the first quarter of the current consolidated cumulative period were ¥1,980 million. There were no material changes in the status of the Group's R&D activities during the first quarter of the current consolidated cumulative period.」

「As a result, the Company was able to promote demonstration projects aimed at acquiring at an early stage technologies that will form the core of future businesses, acquire licensed technologies, build collaboration with relevant parties to promote commercialization, and advance new industry-academia collaboration. Total research and development expenses for the current consolidated fiscal year were ¥6,987 million.」

「Research and development expenses for the group as a whole during the nine-month period ended the third quarter were ¥5.401 billion. There were no material changes in the status of the group's research and development activities during the period.」

「Group-wide research and development expenses for the cumulative first quarter of the current consolidated fiscal year were ¥1,817 million. There were no significant changes in the status of the Group’s research and development activities during the cumulative first quarter of the current consolidated fiscal year.」

「Group-wide research and development expenses for the cumulative third quarter of the current consolidated fiscal year were ¥5,362 million (excluding consumption taxes and other taxes). There were no significant changes in the status of the Group’s research and development activities during the cumulative third quarter of the current consolidated fiscal year.」

「Group-wide research and development expenses for the cumulative second quarter of the current consolidated fiscal year were ¥3,522 million (excluding consumption taxes and other taxes). There were no significant changes in the status of the Group’s research and development activities during the cumulative second quarter of the current consolidated fiscal year.」

「Group-wide research and development expenses for the cumulative first quarter of the current consolidated fiscal year were ¥1,829 million (excluding consumption taxes and other taxes). There were no significant changes in the status of the Group’s research and development activities during the cumulative first quarter of the current consolidated fiscal year.」

「As a result, the Company achieved results including project orders and technology licensing, and was able to accelerate industry-government-academia collaborative development aimed at acquiring at an early stage technologies that will form the core of future businesses in growth fields. Total research and development expenses for the current consolidated fiscal year were ¥6,861 million.」

「Research and development expenses for the group as a whole during the nine-month period ended the third quarter were ¥4.935 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「Group-wide research and development expenses for the cumulative second quarter of the current consolidated fiscal year were ¥3,324 million (excluding consumption taxes and other taxes). There were no significant changes in the status of the Group’s research and development activities during the cumulative second quarter of the current consolidated fiscal year.」

「Group-wide research and development expenses for the cumulative first quarter of the current consolidated fiscal year were ¥1,704 million (excluding consumption taxes and other taxes). There were no significant changes in the status of the Group’s research and development activities during the cumulative first quarter of the current consolidated fiscal year.」

「Research and development expenses for the group as a whole during the nine-month period ended the third quarter were ¥4.058 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「Research and development expenses for the group as a whole during the six-month period ended the second quarter were ¥2.607 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「Research and development expenses for the group as a whole during the three-month period ended the first quarter were ¥1.301 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「In the current consolidated fiscal year, the second year of the medium-term management plan “Beyond the Horizon,” the Company promoted business development based on differentiated technologies. Its priority strategies were (1) the early commercialization of technologies under development and expansion of the licensing business, (2) the creation and promotion of new businesses in growth fields, and (3) stronger collaboration with external parties through open innovation. The Company focused on resources, the environment, life sciences, new energy and manufacturing. As a result, it achieved results including the licensing of technologies overseas and was able to accelerate industry-government-academia collaborative development aimed at acquiring at an early stage technologies that will form the core of future businesses in growth fields. Total research and development expenses for the current consolidated fiscal year were ¥5,875 million (excluding consumption taxes and other taxes).」

「Research and development expenses for the group as a whole during the nine-month period ended the third quarter were ¥4.461 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「Research and development expenses for the group as a whole during the six-month period ended the second quarter were ¥3.06 billion, excluding consumption taxes and other taxes. There were no material changes in the status of the group's research and development activities during the period.」

「Group-wide research and development expenses for the cumulative first quarter of the current consolidated fiscal year were ¥1,435 million (excluding consumption taxes and other taxes).」