Alignment of Fiscal Year-Ends for Overseas Consolidated Subsidiaries and Introduction of Provisional Closings

「Overseas sales declined 32.6% from the previous corresponding period, primarily because the overseas consolidated subsidiaries were consolidated for 9 months in the current period, compared with 12 months in the previous corresponding period. For the 4 overseas consolidated subsidiaries, the previous corresponding period included operating results for the 12 months from 1 January 2021 to 31 December 2021, following a change in the fiscal year-end and a change to the method of preparing provisional financial statements as of the consolidated reporting date. On a comparison with consolidation of the 9 months from 1 April 2021 to 31 December 2021 for the overseas consolidated subsidiaries, sales declined 13.5%.」

「Overseas sales decreased 23.9% year on year, mainly because the current period included 6 months of results from overseas consolidated subsidiaries compared with 9 months in the same period of the previous year. For the 4 overseas consolidated subsidiaries, the previous-year period included 9 months of operating results from 1 January 2021 through 30 September 2021 as a result of the fiscal year-end change and adoption of provisional closing procedures at the consolidated fiscal year-end; sales increased 10.5% when compared with the 6 months from 1 April 2021 through 30 September 2021 for the overseas consolidated subsidiaries.」

「From the current consolidated fiscal year, the fiscal year-end was changed to 31 March and the method was changed to conduct a provisional closing at the consolidated fiscal year-end. As a result, the current consolidated fiscal year covers the 15 months from 1 January 2021 through 31 March 2022.」

「As a result of this change, the current third-quarter consolidated cumulative period covers the 12 months from 1 January 2021 through 31 December 2021. Consequently, sales increased by ¥1,482.878 million, operating profit by ¥372.605 million, ordinary profit and quarterly net income before income taxes by ¥366.060 million, and quarterly net income attributable to owners of the parent by ¥265.239 million.」

「As a result of this change, the current second-quarter consolidated cumulative period covers the nine months from 1 January 2021 through 30 September 2021. Consequently, sales increased by ¥1,482.878 million, operating profit by ¥372.605 million, ordinary profit and quarterly net income before income taxes by ¥366.060 million, and quarterly net income attributable to owners of the parent by ¥265.239 million.」

「PT. FUJI OOZX INDONESIA, whose fiscal year-end had previously been 31 December, used financial statements as of that date and made the necessary consolidation adjustments for material transactions arising between that date and the consolidated fiscal year-end. From the first quarter of the current fiscal year, its fiscal year-end was changed to 31 March. For 富士气門（広東）有限公司, FUJI OOZX MEXICO, S.A. DE C.V. and FUJI OOZX AMERICA Inc., whose fiscal year-ends had also been 31 December, financial statements as of that date were used and the necessary consolidation adjustments were made for material transactions arising between that date and the consolidated fiscal year-end. From the first quarter of the current fiscal year, the method was changed to conduct a provisional closing at the consolidated quarterly closing date in order to provide more comprehensive disclosure of the consolidated financial results. As a result of this change, the current first-quarter consolidated cumulative period covers the six months from 1 January 2021 through 30 June 2021.」