Continuation of Research and Development Activities

「Total research and development expenses for the consolidated fiscal year were ¥345 million.」

「Strengthen the R&D capabilities in Vietnam and India and establish a horizontal division of labor with Japan.」

「The amount of the Group’s research and development activities during the interim consolidated reporting period was ¥175 million. There were no material changes in the status of the Group’s research and development activities during the interim consolidated reporting period.」

「The amount of the Group’s research and development activities during the interim consolidated reporting period was ¥137 million. There were no material changes in the status of the Group’s research and development activities during the interim consolidated reporting period.」

「Total research and development expenses for the fiscal year were ¥271 million. In automotive electrical components, the company is proceeding with design and development to expand the markets and applications for battery chargers for electric motorcycles, which began mass production at the India plant last year.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥190 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥119 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥63 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥192 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥119 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥52 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「In automotive electrical components, the company completed the design of control boards for electric expansion valves, mainly for four-wheel EVs, and began mass production. It also received a new order for portable battery chargers used in electric motorcycles and other applications. The product is scheduled to enter mass production at the India plant from 2023 and to be rolled out globally.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥188 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥112 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥42 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「Total research and development expenses for the fiscal year were ¥165 million. In automotive electrical components, the company completed the design of compact electric controllers for four-wheel vehicles and is preparing for mass production. It also made a declaration of self-conformity with ISO 26262, the functional safety standard for automobiles, and completed the establishment of a design structure to pursue orders for products subject to functional safety requirements. As a technology contributing to the realization of a low-carbon society, the company began developing technology to extract energy more efficiently from solar power generation and fuel cells, with mass production targeted for 2025.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥117 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥65 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥38 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「Total research and development expenses for the fiscal year were ¥210 million. In automotive electrical components, the Electronics Business Division completed the development and design of compact electric controllers for four-wheel vehicles and is proceeding with production design. It also received an order for the development and design of motor controllers for compact electric vehicles, and will continue development and design next fiscal year with a view to starting mass production.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥146 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥87 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥39 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「Last fiscal year, we began mass production of in-vehicle chargers for electric motorcycles developed in-house for a Japanese automaker. We will continue technical development in this field, apply the inverter technology we have developed to date, and work on developing motor-related equipment in addition to automotive products. Total research and development expenses for the fiscal year were ¥206 million.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥153 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥98 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥47 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「In response to the recent shift toward electrification of powertrains, we completed the first stage of technical development for automotive power electronics products serving as key technologies for the environment, safety and security, and launched automotive chargers and DC-DC converters under our own brand. Total research and development expenses for the fiscal year were ¥212 million.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥153 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥97 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The amount spent on research and development activities across the Group during the first quarter of the fiscal year was ¥42 million. There were no material changes in the status of the Group’s research and development activities during the first quarter.」

「The amount spent on research and development activities across the Group during the nine months ended the third quarter was ¥124 million. There were no material changes in the status of the Group’s research and development activities during the nine months ended the third quarter.」

「The amount spent on research and development activities across the Group during the six months ended the second quarter was ¥79 million. There were no material changes in the status of the Group’s research and development activities during the six months ended the second quarter.」

「The Group's total research and development expenditure for the three-month period ended in the first quarter of the current consolidated fiscal year was ¥28 million.」