Continuation of Research and Development Activities

「The company continues to promote new product development activities at the Yorozu Global Technical Center in Oyama, Tochigi Prefecture, the core of its development operations, with the aim of developing and launching competitive products that are lightweight and highly rigid while maintaining high quality, low prices and high productivity. Total research and development expenditure for the fiscal year was ¥5,758 million.」

「The Group’s total research and development expenditure for the six-month interim consolidated accounting period was ¥2,653 million. There were no significant changes in the status of the Group’s research and development activities during the interim consolidated accounting period.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥5,230 million. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥4,041 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥2,641 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「The main results of research and development activities during the fiscal year included the launch of components for the Nissan Serena and Sakura, Toyota bZ4X and Prius, Subaru Solterra, and Mazda CX-60.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥3,320 million, equivalent to 2.9% of revenue. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥1,643 million, equivalent to 2.3% of revenue. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥736 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「The main results of research and development activities during the fiscal year included the launch in Japan of front members, rear members and links for the Nissan X-Trail and Ariya, and links for the Mazda CX-30. In the Americas, driven by global new-vehicle launches by automakers, the company launched front members, rear members and links for the US Nissan Rogue, and pedals for the Mexico Honda HR-V. In Asia, it launched front members, rear members and links for the China Nissan X-Trail and Pathfinder, and a front subframe for the China Honda Vezel.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥3,359 million, equivalent to 3.8% of revenue. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥2,141 million, equivalent to 3.6% of revenue. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The main results of research and development activities during the fiscal year included the launch in Japan of front subframes and rear beams for the Honda Vezel, and links for the Nissan Note. In the Americas, driven by global new-vehicle launches by automakers, the company launched front members, links and rear members for the US Nissan Pathfinder, and arms for the US Toyota Sienna. In Asia, it launched a front subframe for the China Honda X-NV, and a front subframe, links and rear beam for the India Nissan Magnite.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥2,106 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥1,276 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥5,597 million. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥3,902 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥1,298 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「To achieve the targets for enhancing product and development capabilities under the YSP2020 medium-term management plan, the company established a new Research and Development Department in fiscal 2018 at the Yorozu Global Technical Center in Oyama, Tochigi Prefecture, the core of its development operations, and is promoting new product development activities.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥6,492 million. During the first nine months of the fiscal year, the Group carried out an organisational restructuring to establish a new Research and Development Department from the Advanced Development Group of the Production Engineering Department, with the aim of improving the efficiency and speed of developing new production methods and new-structure components as part of efforts to strengthen its research and development activities.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥4,262 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥1,934 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥7,548 million. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥4,772 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥1,886 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」

「The main results of research and development activities during the fiscal year included the launch in Japan of front suspension members, lower arms and rear axle beams for the Nissan Serena; lower arms and rear axle beams for the Nissan Note; rear axle beams for the Suzuki Swift; and front lower arms for the Subaru Impreza.」

「The Group’s total research and development expenditure for the first nine months of the fiscal year was ¥6,130 million. There were no significant changes in the status of the Group’s research and development activities during the first nine months of the fiscal year.」

「The Group’s total research and development expenditure for the first half of the fiscal year was ¥4,227 million. There were no significant changes in the status of the Group’s research and development activities during the first half of the fiscal year.」

「The Group’s total research and development expenditure for the first quarter of the fiscal year was ¥1,648 million. There were no significant changes in the status of the Group’s research and development activities during the first quarter of the fiscal year.」