ＨＯＹＡ（7741） – Quarterly Report for the three months ended Dec.31,2021

February 1 2022Quarterly Report3rd Quarter : 3 months ended December 31, 20213rd Quarter aggregated : 9 months ended December 31, 2021Consolidated (HOYA CORPORATION and Consolidated Subsidiaries)3rd Quarter : from October 1 to December 31, 2021 1. Quarterly Consolidated Financial Highlights : p.12. Results of Operations : p.23. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Statement of Financial Position : p.4 (2) Quarterly Consolidated Statement of Cash Flows : p.6 (3) Quarterly Consolidated Statement of Comprehensive Income : p.7 (4) Segment Information : p.8Reference Supplementary data for 3rd Quarter : p.11Part .1Part .23rd Quarter aggregated: from April 1 to December 31, 2021 1. Consolidated Financial Highlights : p.122. Consolidated Financial Statements (1) Consolidated Statement of Financial Position : p.13 (2) Consolidated Statement of Cash Flows : p.15 (3) Consolidated Statement of Comprehensive Income : p.16 (4) Segment Information : p.17 Reference Supplementary data for 3rd Quarter aggregated : p.203. Projected Results for the Full Year : p.21Notes:1. HOYA’s fiscal year (FY) : from April 1 to March 31 of the following year. 2. These financial statements are excerpt translation of Japanese “Kessan Tanshin “and have been preparedfor the references only of foreign investors.HOYA CORPORATIONThis report is provided solely for the information of professional analysts who are expected to make their ownevaluation of the company. This report contains forward-looking statements that are based on management’sassumptions and beliefs in light of the information currently available to it and therefore you should not place unduereliance on them.These forward-looking statements involve known and unknown risks, uncertainties and other factors that maycause our actual results, performance or achievements to differ materially from that anticipated in thesestatements. These factors include changes in economic conditions, trends in our major markets, currencyexchange rates, etc.We accept no liability whatsoever for any direct or consequential loss arising from any use of this report.Part.1February 1 20221. Quarterly Consolidated Financial Highlights HOYA CORPORATION and Consolidated Subsidiaries1. Performance for the three months ended December 31, 2020 and 2021 (All operations *Notes) ( The yen amounts shown therein are rounded off to the nearest million.) (1)Revenue and Profit before tax Three months ended Dec. 31, 2020 Dec. 31, 2021Variance(%)Revenue Profit before tax Ratio of profit before tax(%)Profit for the quarter Ratio of profit for the quarter(%) Profit attributable to owners of the CompanyRatio of profit attributable to owners of the Company(%)Basic earnings per share (yen)Diluted earnings per share (yen) (2)Financial Position Total assets Total equityEquity attributable to owners of the CompanyRatio of assets attributable to owners of the CompanyAssets attributable to owners of the Company per share (yen) (3) Conditions of Cash Flows Net cash generated from operating activities Net cash used in investing activitiesFree cash flowNet cash provided by (used in ) financing activities Cash and cash equivalents at end of period 146,88745,78731.2%36,92625.1%36,69825.0%98.1798.02171,27051,92230.3%40,90123.9%40,86123.9%110.75110.62As ofSep.30,2021 Dec. 31, 2021962,139 771,997 787,26181.8%2,133.66 913,159732,250747,60281.9%2,026.43Three months endedDec. 31, 2020 Dec. 31, 202140,196-6,82333,373-50,475318,05546,318-5,48740,831-18,523416,04716.613.410.811.3 2.Projected Results for the Full Year (Year ending March 31, 2022) for All OperationsFull Year ended/endingMar. 31,2021 Mar. 31,2022655,000205,000163,000163,000441.80Revenue Profit before taxProfit for the termProfit attributable to owners of the CompanyProfit for the term per share (Yen)547,921159,218125,221125,446335.77Variance(%)19.528.830.229.9 Three months endedDec. 31, 2020 Dec. 31, 20219,0246,33310,8595,9823.OtherCapital expenditureR&D expensesNotes:”All operations” means here that the figures are including not only “Continuing operations” but also “Discontinued operations”.These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from that anticipated in these statements. These factors include changes in economic conditions, trends in our major markets, or currency exchange rates.2. Results of Operations1) General OverviewHOYA Group sales for the third quarter of the consolidated fiscal year under review (three months from October 1 toDecember 31, 2021) amounted to 171,270 million yen, an increase of 16.6% from the same period of the previousfiscal year (three months from October 1 to December 31, 2020).Quarterly profit before tax amounted to 51,922 million yen, and quarterly profit amounted to 40,901 million yen, up13.4% and 10.8% respectively.The quarterly profit margin before tax was 30.3%, representing a year-on-year decrease of 0.9 points.Disclosed figures and change ratios are for businesses with continuing operations. There were no discontinuedbusinesses in the third quarter or the same quarter of the previous year.In the Life Care segment, sales of healthcare-related products such as eyeglass lenses and contact lenses grewsignificantly, and medical-related products such as medical endoscopes and intraocular lenses for cataracts alsoincreased significantly. Overall, sales in the Life Care segment rose continuously.In the Information Technology segment, sales of mask blanks for semiconductors, photomasks for FPDs, and glasssubstrates for hard disks for electronics-related products increased significantly. Sales of imaging-related productsincreased significantly. As a result, overall sales in the Information Technology segment rose substantially.The following discusses results by reportable segment. (Segment sales represent sales to external customers.)2) Segment OverviewLife CareSales of eyeglass lenses and contact lenses increased due to a recovery following the resumption of economicactivities compared to the same period of the previous fiscal year.Sales of eyeglass lenses were strong, particularly overseas, and higher sales of high-value-added products alsocontributed to higher sales.Contact lenses were affected by sales activities at Eyecity specialty retailers due to shortened sales hours amid theongoing spread of infection and temporary declines in demand were seen due to fewer opportunities to go out inJapan. However, sales were on a recovery trend due to steady growth in home delivery services for Eyecitymembers and a gradual recovery in demand following the resumption of economic activities after the declaration ofthe state of emergency is lifted.Sales of medical endoscopes and intraocular lenses for cataracts increased by a recovery following the resumptionof economic activities compared to the same period of the previous fiscal year.In the medical endoscopes business,investment in hospitals, and our salesthere was a recovery in capitalincreased continuously.The procurement environment was severe due to shortages in the supply of some parts, andwe struggled to secure parts.In intraocular lenses for cataracts, there was a gradual recovery in the number of cataract operations, particularlyoverseas, and our sales increased continuously.As a result, sales in the Life Care segment amounted to 105,489 million yen, an increase of 11.7%. Segment profitincreased by 3.5% to 21,466 million yen.Information Technology Sales of mask blanks for semiconductors increased significantly due to brisk research and development in cutting-edge products, including products for EUV (Extreme Ultraviolet), and our capturing demand for the launch of mass-production.As for photomasks for FPDs, there was a substantial recovery in demand for photomasks for R&D, resulting in anincrease in sales.In hard disk glass substrates, sales of 3.5-inch products, expecting to grow significantly in the future, increasedvastly thanks to continued strong demand for near-line applications at end customers, which are data centers.In terms of 2.5-inch products, although demand for external HDDs continued to be seen, the demand stabilizedcompared to the 1st half of this fiscal year, and the replacement of HDDs (Hard Disk Drive) with SSDs (Solid StateDrive) continues, therefore the sales decreased compared to the same period of the previous fiscal year excludingforeign exchange impact, however it increased with the effect of foreign exchange on a yen basis.For the overall segment, sales increased significantly.In lenses for cameras, the erosion by smartphones have continued for both digital compact cameras andinterchangeable lenses. But sales increased significantly due to a recovery following the resumption of economicactivities compared to the same period of the previous fiscal year.As a result, sales in the Information Technology segment grew by 25.9% to 64,281 million yen. Segment profitincreased by 30.9% to 31,260 million yen.OtherThe Other businesses consist mainly of speech synthesis software business,information system servicesbusiness, and new businesses. Sales in the Other business increased by 11.2% to 1,501 million yen. Segmentprofit decreased by 63.2% to 89 million yen.3) Subsequent eventsResolution on Share RepurchaseOn February 1, 2022, a resolution was made by The Company’s board of directors for share repurchase basedon Article 39 of Articles of Incorporation pursuant to Article 459.1 of the Companies Act of Japan as outlinedbelow.The Company decided to acquire its own shares with the aim of shareholders’ benefit, improving capitalefficiency and ensuring a flexible capital policy.(1) Class of share to be repurchasedCommon stock issued by The Company(2) Total number of shares to be repurchased4.6 million shares (maximum)1.25% of total shares outstanding, excluding treasury stock(3) Total amount to be paid for repurchase60 billion yen (maximum)February 2, 2022 through April 20, 2022(4) Period of share repurchase(5) Method of repurchase(6) OthersPurchase on the Tokyo Stock Exchange based on discretionary investment contractPurchased stocks are planned to be cancelled with the aim of shareholders’ benefit3.Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Statement of Financial Position (HOYA Corporation and its subsidiaries) As ofSep. 30, 2021Amount(%)As ofDec. 31, 2021Amount(%)VarianceAmount(%)(Millions of Yen)As ofDec. 31, 2020Amount(%)Total non-current assets32.130.81.335.3ASSETSNON-CURRENT ASSETSProperty, plant and equipment-netGoodwillIntangible assetsInvestments in associatesLong-term financial assetsOther non-current assetsDeferred tax assetsCURRENT ASSETSInventoriesTrade and other receivablesOther short-term financial assetsIncome tax receivablesOther current assetsCash and cash equivalentsSub totalAssets held for sale161,53435,90535,09583250,3778138,177292,73378,314119,8175,0342,17228,562386,527620,426164,25337,21135,84384549,3318418,350296,67383,285128,5146,4782,53628,605416,047665,4662,7191,30674813-1,046271733,9404,9718,6981,4443654329,52045,040158,60337,94635,64865546,6766887,134287,34978,042107,9511,32279619,431318,055525,597579526,176813,524Total current assetsTotal assets620,426913,15967.9100.0665,466962,13969.2100.045,04048,9807.35.464.7100.0-4-As ofSep. 30, 2021Amount(%)As ofDec. 31, 2021Amount(%)VarianceAmount(%)(Millions of Yen)As ofDec. 31, 2020Amount(%)EQUITY AND LIABILITIESEQUITYShare capitalCapital reservesTreasury sharesOther capital reservesRetained earningsAccumulated other comprehensiveincome/(loss)Equity attributable to owners of theCompanyNon-controlling interestsTotal equityLIABILITIESNON-CURRENT LIABILITIESInterest-bearing long-term debtOther long-term financial liabilitiesRetirement benefits liabilitiesProvisionsOther non-current liabilitiesDeferred tax liabilitiesTotal non-current liabilitiesCURRENT LIABILITIESInterest-bearing short-term debtTrade and other payablesOther short-term financial liabilitiesIncome tax payablesProvisionsOther current liabilitiesTotal current liabilitiesTotal liabilitiesTotal equity and liabilitiesTotal number of issued shares in thousandEquity attributable to owner of theCompany per share6,26415,899-9,706-10,685738,8316,99913,61422,0093,2632,6171,6448,70451,8507,36652,8191,60618,1141,34647,808129,059180,909913,159747,60281.9787,26181.839,6595.3667,15982.0-15,352732,250-15,264771,99780.280.28839,747-15,597651,5635.480.16,26415,899-9,114-10,983763,09022,10413,81822,5433,4342,6601,8829,80354,1407,33858,5271,12713,4551,39954,155136,002190,142962,139593-29824,25915,106205534171422391,0992,290-285,708-479-4,659536,3476,9439,23348,9806,26415,899-40,380-9,292715,971-21,30212,82020,9533,4092,5051,3264,42745,4407,21852,8012,6089,1081,19543,592116,521161,962813,5245.75.64.45.614.119.8100.014.119.8100.05.45.15.414.319.9100.0368,925368,97247372,4142,026.43 Yen2,133.66 Yen107.23 Yen1,791.44 Yen-5-(2)Quarterly Consolidated Statement of Cash Flows (HOYA Corporation and its subsidiaries) For the three monthsendedVarianceDec. 31, 2020 Dec. 31, 2021(Millions of Yen)For the threemonths endedSep. 30,2021Cash flows from operating activitiesProfit before taxDepreciation and amortizationImpairment lossesFinance incomeFinance costsShare of (profits)/loss of associates(Gain)/loss on sales of property, plant and equipmentLoss on disposal of property, plant and equipmentGain on business transferForeign exchange (gain)/lossOthersNet cash generated from operating activities Before adjustment of movements in working capital)Movements in working capitalDecrease/(increase) in inventoriesDecrease/(increase) in trade and other receivablesIncrease/(decrease) in trade and other payablesIncrease/(decrease) in retirement benefits liabilities and provisionsSub totalInterests receivedDividends receivedInterests paidIncome taxes paidIncome taxes refundedNet cash generated from operating activitiesCash flows from investing activitiesWithdrawals of time depositPayments for time depositProceeds from sales of property, plant and equipmentPayments for acquisition of property, plant and equipmentProceeds from sales of investmentPayments for acquisition of investmentProceeds from sales of subsidiaryPayments for purchase of subsidiaryProceeds from business transferPayments for business transferOther proceedsOther paymentsNet cash used in investing activitiesCash flows from financing activitiesDividends paid to owners of the CompanyDividends paid to non-controlling interestsIncrease (decrease) in short-term debtRepayments of long-term borrowingsPayments for lease liabilitiesProceeds from disposal of treasury sharesPayments for purchase of treasury sharesProceeds from exercise of stock optionsProceeds from share issuance to non-controlling shareholdersNet cash used in financing activitiesNet increase/(decrease) in cash and cash equivalentsCash and cash equivalents at the beginning of the termEffects of exchange rate changes on the balance of cash and cashequivalents in foreign currenciesCash and cash equivalents at the end of the term12,75259,25545,7879,229-15-35563677-148151,226-1,54354,908-964-3,5587504551,1812590-121-11,58546140,1960-0275-8,6480-113-892,052-300-6,823-16,831-5-1,705-32,557624-50,475-17,102337,44451,92210,694174-46435714-10926231,5993,42467,660-2,878-6,9253,3108861,2552660 -104-15,1161646,31839-5,4792,178-1,54367-749-5,487-16,578-89-7-2,113-2265-18,52322,308386,527-2,2877,212318,055416,0476,1351,466189-109-279-633910233744,967-1,914-3,3682,5604310,07470 18-3,531-4456,122-0 0-2373,170-0 1132,17889-1,543-1,984-4491,336253-89-2-40832,556-35831,95239,41049,0839,49997,99153,98910,616-38527512-8616-1,713-2,849-6201,204-1,541-33511258,6952072-106-13,01712945,910212109-6,54325-195-1201,54536-582-5,513-42-100-5-1,8630-3131164-1,71738,680345,7772,070386,527-6-(3) Quarterly Consolidated Statement of Comprehensive Income (HOYA Corporation and its subsidiaries) For the three months endedVarianceDec. 31, 2020Amount(%)Dec. 31, 2021Amount(%)Amount(%)All operationsRevenue:SalesFinance incomeOther incomeTotal RevenueExpenses:Changes in inventories of goods, products and work in progressRaw materials and consumables usedEmployee benefits expenseDepreciation and amortizationSubcontracting costAdvertising and promotion expenseCommission expenseImpairment lossesFinance costsShare of loss of associatesForeign exchange (gain)/lossOther expensesTotal expenseProfit before taxIncome tax expenseProfit for the term from all operationsOther comprehensive income:Items that will not be reclassified subsequently to profit or lossAssets measured at fair value through other comprehensive incomeRemeasurements of the net defined benefit liability(asset)Income tax relating to components of other comprehensive incomeTotal Items that will not be reclassified subsequently to profit or lossItems that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operationsShare of other comprehensive income of associatesIncome tax relating to components of other comprehensive incomeTotal Items that may be reclassified subsequently to profit or loss Total other comprehensive incomeTotal comprehensive income for the quarterProfit attributable to : Owners of the CompanyNon-controlling interestsTotalTotalOwners of the CompanyNon-controlling interestsTotal comprehensive income attributable to :Basic earnings/(loss) per share (yen)Continuing operationsDiscontinued operationsBasic earnings per share (yen)Diluted earnings/(loss) per share (yen)Continuing operationsDiscontinued operationsDiluted earnings per share (yen)Notes:1.(Millions of Yen)For the threemonths endedSep. 30,2021(%)Amount162,6013852,064165,051100.00.21.3101.51.115.121.86.50.71.85.70.20.0-1.817.268.333.26.826.426.40.026.416.630.7-69.915.2176.327.613.315.98.823.518.2-43.9-81.936.912.016.013.424.410.8———52.811.3-10.852.4-52.81,84224,56435,48310,6161,0963,0069,28027512-3,00427,892111,06153,98911,01442,975-23974-165-1,622-16-2-1,640-1,80541,17042,967842,97541,207-3741,170116.47116.47116.32116.32Realchange16,0154,1112,203(%)10.9%9.0%6.0%36,69822836,926 25.00.225.123.90.023.9146,8873552,489149,731-53921,44932,0309,2291,0332,9428,120-15636771,35627,627103,94345,7878,86136,926270-87183-272-13-76-361-17936,74836,7153236,74898.1798.1798.0298.022021B162,90149,89839,12924,384109-1,74022,752-9505,9264,2591,466916911,478189-279-635013,30916,6186,1352,1603,974–0 152-33115,675393815,75215,42119,3954,162-1883,97419,25114419,39512.5812.5812.6012.60Influences8,3692,0241,772-9.8%-4.9%0.0%100.00.21.7101.9171,270464749172,483100.00.30.4100.7-0.414.621.86.30.72.05.5-0.0 0.40.10.918.870.831.26.025.1-1,48927,37536,28810,6941,1243,6339,598174357141,85730,935120,56151,92211,02140,901-0.916.021.26.20.72.15.60.10.20.01.118.170.430.36.423.9-213-0 65-14815,40326-38 15,39015,24256,14340,8614040,90155,96617756,143110.75110.75110.62110.622021A171,27051,92240,901-7-Effect of Exchange Rate Change on Net Sales and Incomes (“2021A” is the actual value of this period. “2021B” is the nominal value of this periodwhich temporarily exchanged by the currency rate of the same period last year. unit : millions of Yen)SalesProfit before taxProfit for the quarterUS$EuroThai Baht2. Average rates of major foreign currenciesVariance(%)For the three months ended Dec. 31, 2020104.00124.493.41Dec. 31, 2021114.15130.563.41YenYenYen(4) Segment InformationThe reportable segments are constituent units of the Group for which separate financial information is obtainedand examined on a regular basis by the Board of Directors, the chief operation decision maker, to determinethe allocation of management resources and evaluate the business performance.In accordance with its management philosophy, the Group has categorized “life and culture” and “informationtechnology” as its business domains. To achieve sustainable growth in corporate value in these businessdomains, the Group has been making decisions on the allocation of management resources and monitoring theoperating results.As a result, the Group consists of three reportable business segments: the Life Care business, the InformationTechnology business and Other business, which are consistent with the above business domains.In the Life Care business, the Group produces and sells health care related products that are used in thehealthcare and medical sectors and medical related products,including medical equipment and medicalmaterials that are used in medical treatments. In operating this business, it is typically required to obtainthe relevant authorities in Japan and other countries, and sophisticatedapprovals and permissions oftechnologies and highly reliable quality control systems representthe critical elements for operating thisbusiness.In the Information Technology business, the Group produces and sells parts and components indispensable fordigital devices in the information and communication sector, including electronics related products that areessential for the modern digital information and communication technologies, and imaging related products thatare necessary to import pictures and video images as digital information based on optical technologies.Other business mainly includes the business that provides speech synthesis software and information systemservices as well as new businesses.The main products and services for each “reportable segment” described above are as follows:Reportable SegmentMajor Products and ServicesHealth care related productsEyeglass lenses, Contact lenses, etc.Endoscopes, Medical accessories, Life CareMedical related productsAutomated endoscope reprocessors, Intraocular lenses,Ophthalmic medical devices, Artificial bone, Metallic implants for orthopedics, etc. Photomasks and Maskblanks for semiconductors, InformationTechnologyElectronics related productsPhotomasks for flat-panel displays (FPDs)Imaging related productsOtherGlass disks for hard disk drives (HDDs), etc.Optical lenses, Optical glasses, Laser equipment,Light source, etc.Speech synthesis software, Design of information systems, etc.-8-For the three monthsended Dec. 31, 2021Life CareInformationTechnologyOtherTotalAdjustmentsAlloperationsFor the three monthsended Dec. 31, 2020Life CareInformationTechnologyOtherTotalAdjustments(Millions of Yen)AlloperationsRef : Difference between the results of the quarter under review and the same period the previous year is as follows:Life CareInformationTechnologyOtherTotalAdjustmentsAlloperations1. Segment revenues and resultsRevenueRevenue from external customersInter-segmentTotalSegment profit before taxSegment profit before tax ratioRef: Profit from ordinary operating activities% of revenueRevenueRevenue from external customersInter-segmentTotalSegment profit before taxSegment profit before tax ratioRef: Profit from ordinary operating activities% of revenueVarianceRevenue from external customers VarianceInter-segmentSegment profit before taxTotalVarianceVarianceProfit from ordinary operating activities94,475194,47520,74222.0%21,73323.0%105,4891105,48921,46620.3%23,21722.0%11,01411.7%011,0147243.5%1,4846.8%51,0621251,07423,88246.8%25,14449.2%64,2811664,29731,26048.6%31,13248.4%13,21925.9%513,2237,37730.9%5,98923.8%Life CareRevenue from external customersProfit from ordinary operating activitiesSegment profit before taxInformation TechnologyRevenue from external customersProfit from ordinary operating activitiesSegment profit before tax100,57022,82120,87260,86829,70529,807105,48923,21721,46664,28131,13231,260RevenueRevenue from external customersInter-segmentTotalSegment profit before taxSegment profit before tax ratioRef: Profit from ordinary operating activities% of revenue99,082199,08323,42623.6%19,76219.9%61,9694062,01031,03750.1%30,11448.6%1,3503041,65424214.6%25815.6%1,5012711,772895.0%24713.9%15111.2%-34117-153-63.2%-11-4.4%4,9193975943,4131,4271,4531,5502551,80531917.7%29616.4%146,887317147,20344,86630.5%47,13532.0%171,270288171,55852,81430.8%54,59731.8%24,38416.6%-2924,3557,94817.7%7,46115.8%Realchange6,0951,0881309,8064,5615,925162,601296162,89754,78233.6%50,17230.8%-317-317921-1,002-288-288-892-1,0592929-1,814-585.8%6.5%5.0%0.6%19.2%18.1%24.8%-296-296-793-962146,887146,88745,78731.2%46,13431.4%171,270171,27051,92230.3%53,53731.3%24,38416.6%24,3846,13513.4%7,40416.0%162,601162,60153,98933.2%49,21030.3%Note:Effect of Exchange Rate Change on Net Sales and Incomes (“2021 A” is the actual value of this period. “2021 B” is the nominal value ofthis period which temporarily exchanged by the currency rate of the same period the previous year. unit : millions of Yen)2021 B2021 AInfluences(%)Ref : Results of the previous quarter are as follows:For the three monthsended Sep. 30, 2021Life CareInformationTechnologyOtherTotalAdjustmentsAlloperationsNote:Profit from ordinary operating activities is operating profit before finance income/costs, share of profits(loss) of associates, foreign exchange gain/loss and other temporary gain/loss.-9-2. Revenue from major products and servicesRevenue from external customers For the three months endedDec. 31, 2020Dec. 31, 2021Variance(Millions of Yen)For the threemonths endedSep. 30,2021Amount(%)Amount(%)Amount(%)Amount(%)Revenue from all operationsLife Care 94,47564.3105,48961.611,014Health care related products69,061 [73.1 ]76,405 [72.4 ]Medical related productsInformation Technology 25,414 [26.9 ]29,084 [27.6 ]51,06234.864,28137.5Electronics related products43,133 [84.5 ]53,466 [83.2 ]Imaging related products7,929 [15.5 ]10,814 [16.8 ]Other1,3500.91,5010.911.710.614.425.924.036.411.299,08260.973,563 [74.2 ]25,519 [25.8 ]61,96938.151,743 [83.5 ]10,226 [16.5 ]1,5501.07,3443,67113,21910,3332,885151Corporate (including R&D)Total revenue from all operations-146,887-100.0-171,270-100.0-24,384–16.6 162,601-100.0Notes 1. Figures in [ ] are percentages of each segment. Notes 2.Effect of Exchange Rate Change on Net Sales and Incomes (“2021 A” is the actual value of this period. “2021 B” is thenominal value of this period which temporarily exchanged by the currency rate of the same period last year. unit : millions of Yen)Life Care Health care related productsMedical related productsInformation Technology Electronics related productsImaging related products2021 B2021 AInfluences100,57073,08527,48460,86850,80510,063105,48976,40529,08464,28153,46610,8144,9193,3191,6003,4132,661751Realchange6,0954,0242,0719,8067,6722,134(%)6.5%5.8%8.1%19.2%17.8%26.9%3. Information about geographical areasRevenue from external customersFor the three months endedVarianceDec. 31, 2020Dec. 31, 2021Amount(%)Amount(%)Amount(%)Amount(%)(Millions of Yen)For the threemonths endedSep. 30,2021Revenue from all operationsTotal revenue from all operations146,887100.0171,270100.024,38416.6 162,601100.0JapanAmericasEuropeAsia/OceaniaOthers37,89521,96530,70955,0581,25825.815.020.937.50.944,19524,32633,88966,6322,22825.814.219.838.91.36,3002,3613,18011,57497016.610.710.421.077.140,83224,23431,99463,8751,66625.114.919.739.31.0Note: Geographical areas are based on the location of customers. -10-Supplementary data for 3rd Quarter: from October 1 to December 31, 2021ReferenceThe breakdown of changes in revenue and profit before taxFY20-3QFY21-3QVariance(Millions of YenOthersRevenueLife CareHealth care related productsMedical related productsInformation TechnologyElectronics related productsImaging related productsProfit from ordinary operating activities Life CareInformation TechnologyOther, adjustment (Corporate)Profit before taxLife CareInformation TechnologyOther, adjustment (Corporate)146,88794,47569,06125,41451,06243,1337,92921,73325,144-74345,78720,74223,8821,163171,270105,48976,40529,08464,28153,46610,81423,21731,132-81251,92221,46631,260-80346,13453,5377,404Foreignexchange8,3694,9193,3191,6003,4132,6617511,8023971,427-222,0245941,453-2324,38411,0147,3443,67113,21910,3332,8851,4845,989-696,1357247,377-1,96616,0156,0954,0242,0719,8067,6722,1345,6021,0884,561-474,1111305,925-1,943Profit before taxAdjustmentsFinance income Finance costsShare of loss of associatesForeign exchange (gain)/lossImpairment lossesOthersProfit from ordinary operatingactivitiesFY20-3Q45,787-347355-636-77-1,356151,352All operationsFY21-3Q51,922-1,616464-357-14-1,857-174323Variance6,135-1,26910927963-501-189-1,03046,13453,5377,404Profit before taxAdjustmentsFinance income Finance costsShare of loss of associatesForeign exchange (gain)/lossImpairment lossesOthersProfit from ordinary operatingactivitiesLife CareInformation TechnologyFY20-3Q20,742-99172-13832-62935-364FY21-3Q21,466-1,75295-24222-1,503-17451Variance724-76022-104-10-874-209415FY20-3Q23,882-1,262161-93-1-822-21-486FY21-3Q31,260127149-61110 -27Variance7,3771,389-1232283321514Other, adjustment (Corporate)FY21-3Q-8039220-53-37-364 -244Variance-1,966-1,8979835170-459 –1,958FY20-3Q1,1631,906121-405-10895 -2,20221,73323,2171,48425,14431,1325,989-743-812-69Part.2February 1 20221. Consolidated Financial Highlights HOYA CORPORATION and Consolidated Subsidiaries1. Performance for the nine months ended December 31, 2020 and 2021 (All operations *Notes) ( The yen amounts shown therein are rounded off to the nearest million.) (1)Revenue and Profit before tax Nine months ended Dec. 31, 2020 Dec. 31, 2021Variance(%)24.033.132.632.5 Revenue Profit before tax Ratio of profit before tax(%)Profit for the termRatio of profit for the term(%) Profit attributable to owners of the CompanyRatio of profit attributable to owners of the Company(%)Basic earnings per share (yen)Diluted earnings per share (yen) (2)Financial Position Total assets Total equityEquity attributable to owners of the CompanyRatio of assets attributable to owners of the CompanyAssets attributable to owners of the Company per share (yen) (3) Conditions of Cash Flows Net cash generated from operating activities Net cash used in investing activitiesFree cash flowNet cash provided by (used in) financing activities Cash and cash equivalents at end of period 3.OtherCapital expenditureR&D expensesNotes:396,527117,92229.7%94,39623.8%94,42823.8%252.17251.75491,872156,92931.9%125,17525.4%125,08525.4%339.04338.63As ofMar.31,2021 Dec. 31, 2021962,139 771,997 787,26181.8%2,133.66 853,290672,412688,00080.6%1,862.96Nine months ended Dec. 31, 2020 Dec. 31, 202199,329-22,01477,315-72,154318,055136,011-20,362115,649-44,695416,047Nine months ended Dec. 31, 2020 Dec. 31, 202124,38418,76430,11016,868″All operations” means here that the figures are including not only “Continuing operations” but also “Discontinued operations”.These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from that anticipated in these statements. These factors include changes in economic conditions, trends in our major markets, or currency exchange rates.-12-2.Consolidated Financial Statements(1) Consolidated Statement of Financial Position (HOYA Corporation and its subsidiaries) As ofMar. 31, 2021Amount(%)As ofDec. 31, 2021Amount(%)VarianceAmount(%)(Millions of Yen)As ofDec. 31, 2020Amount(%)ASSETSNON-CURRENT ASSETSProperty, plant and equipment-netGoodwillIntangible assetsInvestments in associatesLong-term financial assetsOther non-current assetsDeferred tax assetsCURRENT ASSETSInventoriesTrade and other receivablesOther short-term financial assetsIncome tax receivablesOther current assetsCash and cash equivalentsSub totalAssets held for sale164,95735,68837,11066152,0057977,488298,70577,367117,2513,8971,21819,956334,897554,584164,25337,21135,84384549,3318418,350296,67383,285128,5146,4782,53628,605416,047665,466-7031,522-1,267184-2,67444862-2,0325,91911,2642,5811,3198,65081,150110,882Total non-current assets35.030.8-0.735.3Total current assetsTotal assets554,584853,29065.0100.0665,466962,13969.2100.0110,882108,85020.012.864.7100.0158,60337,94635,64865546,6766887,134287,34978,042107,9511,32279619,431318,055525,597579526,176813,524As ofMar. 31, 2021Amount(%)As ofDec. 31, 2021Amount(%)VarianceAmount(%)(Millions of Yen)As ofDec. 31, 2020Amount(%)EQUITY AND LIABILITIESEQUITYShare capitalCapital reservesTreasury sharesOther capital reservesRetained earningsAccumulated other comprehensiveincome/(loss)Equity attributable to owners of theCompanyNon-controlling interestsTotal equityLIABILITIESNON-CURRENT LIABILITIESInterest-bearing long-term debtOther long-term financial liabilitiesRetirement benefits liabilitiesProvisionsOther non-current liabilitiesDeferred tax liabilitiesTotal non-current liabilitiesCURRENT LIABILITIESInterest-bearing short-term debtTrade and other payablesOther short-term financial liabilitiesIncome tax payablesProvisionsOther current liabilitiesTotal current liabilitiesTotal liabilitiesTotal equity and liabilitiesTotal number of issued shares in thousandEquity attributable to owner of theCompany per share6,26415,899-43,560-10,354710,2749,47713,23421,8743,2482,5871,4556,87049,2687,51557,3542,59817,0411,16145,942131,610180,878853,290369,306688,00080.6787,26181.899,26114.4667,15982.0-15,589672,412-15,264771,99778.880.232599,586-15,597651,56314.880.16,26415,899-9,114-10,983763,09022,10413,81822,5433,4342,6601,8829,80354,1407,33858,5271,12713,4551,39954,155136,002190,142962,139368,97234,447-62952,81612,627584669185724282,9344,872-1771,173-1,471-3,5852398,2134,3929,264108,850-3346,26415,899-40,380-9,292715,971-21,30212,82020,9533,4092,5051,3264,42745,4407,21852,8012,6089,1081,19543,592116,521161,962813,524372,4145.85.69.95.615.421.2100.014.119.8100.03.35.112.814.319.9100.01,862.96 Yen2,133.66 Yen270.70 Yen1,791.44 YenNet cash generated from operating activities Before adjustment of movements in working capital)144,030186,596(2) Consolidated Statement of Cash Flows (HOYA Corporation and its subsidiaries) Cash flows from operating activitiesProfit before taxDepreciation and amortizationImpairment lossesFinance incomeFinance costsShare of (profits)/loss of associates(Gain)/loss on sales of property, plant and equipmentLoss on disposal of property, plant and equipmentGain on business transferForeign exchange (gain)/lossOthersMovements in working capitalDecrease/(increase) in inventoriesDecrease/(increase) in trade and other receivablesIncrease/(decrease) in trade and other payablesIncrease/(decrease) in retirement benefits liabilities and provisionsSub totalInterests receivedDividends receivedInterests paidIncome taxes paidIncome taxes refundedNet cash generated from operating activitiesCash flows from investing activitiesWithdrawals of time depositPayments for time depositProceeds from sales of property, plant and equipmentPayments for acquisition of property, plant and equipmentProceeds from sales of investmentPayments for acquisition of investmentProceeds from sales of subsidiaryPayments for acquisition of subsidiariesProceeds from business transferPayments for business transferOther proceedsOther paymentsNet cash used in investing activitiesCash flows from financing activitiesDividends paid to owners of the CompanyDividends paid to non-controlling interestsIncrease (decrease) in short-term debtProceeds from long-term borrowingsRepayments of long-term borrowingsPayments for lease liabilitiesProceeds from disposal of treasury sharesPayments for purchase of treasury sharesProceeds from exercise of stock optionsProceeds from share issuance to non-controlling shareholdersNet cash used in financing activitiesNet increase/(decrease) in cash and cash equivalentsCash and cash equivalents at the beginning of the termEffects of exchange rate changes on the balance of cash and cashequivalents in foreign currenciesCash and cash equivalents at the end of the termFor the nine months endedVarianceDec. 31, 2020Dec. 31, 2021(Millions of Yen)For the yearendedMar.31 2021117,92226,5563,089-1,8841,449298-201931,552-4,84575-5,346-9,57749129,2311,0938-485-31,09457699,329560-121,250-24,278665-113-3092,244-2,022-22,014-33,697300738-15-5,344-34,985 849-72,1545,161317,982156,92931,591174-1,2461,22259-23944-1,690-3,0272,780-3,959-9,8835,036400178,19271711-326-42,822239136,011212-2111,387-21,99370-1952,178-1201,545-1,543182-1,874-20,36239,0075,035-2,915638-228-239-38-49-1,690-4,5807,62542,567-4,034-4,53714,61335148,961-3753159-11,728-33736,682-348-1991382,284-596-822,1781891,545-1,543-2,0621481,652-33,185-89-100 -17-6,1260-5,765422164-44,69570,953334,897512-89-400-738-3-782 029,220-42716427,45965,79216,915-5,08710,197318,055416,04715,28497,991159,21836,3368,166-2,2042,010369-1,266147-357-4,957197,4634,017-9,788-6,352-69185,2701,2868-580-34,875703151,812560-122,077-31,246665-163-335-8002,300-2,837-29,790-33,720-27738-20-7,273-76,6751,304-115,6736,349317,98210,566334,897(3) Consolidated Statement of Comprehensive Income (HOYA Corporation and its subsidiaries) For the nine months endedDec. 31, 2020(%)AmountDec. 31, 2021(%)AmountVarianceAmount(%)(Millions of Yen)For the year endedMar.31 2021All operationsRevenue:SalesFinance income Other incomeTotal RevenueExpenses:Changes in inventories of goods, products and work in progressRaw materials and consumables usedEmployee benefits expenseDepreciation and amortizationSubcontracting costAdvertising and promotion expenseCommission expenseImpairment lossesFinance costsShare of loss of associatesForeign exchange (gain)/lossOther expensesTotal ExpensesProfit before taxIncome tax expenseProfit for the term from all operationsOther comprehensive income:Items that will not be reclassified subsequently to profit or lossRemeasurements of the net defined benefit liability(asset)Income tax relating to components of other comprehensive incomeTotal Items that will not be reclassified subsequently to profit or lossItems that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operationsShare of other comprehensive income of associatesIncome tax relating to components of other comprehensive incomeTotal Items that may be reclassified subsequently to profit or loss Total other comprehensive incomeTotal comprehensive income for the half yearProfit attributable to : Owners of the CompanyNon-controlling interestsTotalTotalOwners of the CompanyNon-controlling interestsTotal comprehensive income attributable to :Basic earnings/(loss) per share (yen)Continuing operationsDiscontinued operationsBasic earnings per share (yen)Diluted earnings/(loss) per share (yen)Continuing operationsDiscontinued operationsDiluted earnings per share (yen)Notes:1.SalesProfit before taxProfit for the termUS$EuroThai Baht2. Average rates of major foreign currencies396,5271,8846,735405,1451,31358,23887,23526,5563,2376,98822,1223,0891,4492982,43974,259287,223117,92223,52694,3966502-205446-4,501-166-69-4,736-4,29090,10694,428-3294,39689,92518090,106252.17252.17251.75251.752021B471,459152,515121,441100.00.51.7102.20.314.722.06.70.81.85.60.80.40.10.618.772.429.75.923.8100.00.30.7100.9-0.115.821.76.40.72.05.50.00.20.0-0.617.269.031.96.525.4491,8721,2463,363496,481-67577,861106,60431,5913,27810,04927,2981741,22259-2,72084,810339,552156,92931,755125,175-631-0193-43813,26246-3913,26912,831138,005137,756249138,005339.04339.04338.63338.632021A491,872156,929125,175100.00.41.5101.90.714.521.96.60.71.85.61.50.40.1-0.119.172.829.16.222.995,345-638-3,37291,335-1,98719,62319,3695,035423,0605,176-2,915-228-239-5,15910,55152,32839,0078,22930,779-1,281-2398-88417,7632122918,00517,12147,90030,65712230,77947,8316947,90086.8786.8786.8886.8824.0-33.8-50.122.5-151.433.722.219.01.343.823.4-94.4-15.7-80.2-211.514.218.233.135.032.653.232.532.653.253.2547,9212,2048,139558,2643,89879,390120,00436,3364,0829,99930,4758,1662,010369-330104,646399,046159,21833,997125,2218,363280-2,5626,08121,093-144-7820,87126,952152,173151,984188152,173335.77335.77335.25335.25Realchange74,93234,59327,04523.8-0.0 23.8125,08589125,17525.40.025.4125,446-225125,221 22.9-0.022.9Influences20,4134,414 3,733(%)18.9%29.3%28.7%For the nine months ended YenYenYenDec. 31, 2020105.54122.613.39Dec. 31, 2021111.45130.963.41Variance(%)-5.6%-6.8%-0.6%Effect of exchange rate change on net sales and incomes (“2021A” is the actual value of this period. “2021 B” is the nominal value of this period which temporarilyexchanged by the currency rate of the same period last year. unit : millions of Yen)(4) Segment InformationThe reportable segments are constituent units of the Group for which separate financial information is obtainedand examined on a regular basis by the Board of Directors, the chief operation decision maker, to determinethe allocation of management resources and evaluate the business performance.In accordance with its management philosophy, the Group has categorized “life and culture” and “informationtechnology” as its business domains. To achieve sustainable growth in corporate value in these businessdomains, the Group has been making decisions on the allocation of management resources and monitoring theoperating results.As a result, the Group consists of three reportable business segments: the Life Care business, the InformationTechnology business and Other business, which are consistent with the above business domains.In the Life Care business, the Group produces and sells health care related products that are used in thehealthcare and medical sectors and medical related products,including medical equipment and medicalmaterials that are used in medical treatments. In operating this business, it is typically required to obtainthe relevant authorities in Japan and other countries, and sophisticatedapprovals and permissions oftechnologies and highly reliable quality control systems representthe critical elements for operating thisbusiness.In the Information Technology business, the Group produces and sells parts and components indispensable fordigital devices in the information and communication sector, including electronics related products that areessential for the modern digital information and communication technologies, and imaging related products thatare necessary to import pictures and video images as digital information based on optical technologies.Other business mainly includes the business that provides speech synthesis software and information systemservices as well as new businesses.The main products and services for each “reportable segment” described above are as follows:Reportable SegmentMajor Products and ServicesHealth care related productsEyeglass lenses, Contact lenses, etc.Endoscopes, Medical accessories, Life CareMedical related productsAutomated endoscope reprocessors, Intraocular lenses,Ophthalmic medical devices, Artificial bone, Metallic implants for orthopedics, etc. Photomasks and Maskblanks for semiconductors, InformationTechnologyElectronics related productsPhotomasks for flat-panel displays (FPDs)Imaging related productsOtherGlass disks for hard disk drives (HDDs), etc.Optical lenses, Optical glasses, Laser equipment,Light source, etc.Speech synthesis software, Design of information systems, etc.For the nine monthsended Dec. 31, 2020Life CareInformationTechnologyOtherTotalAdjustments(Millions of Yen)AlloperationsFor the nine monthsended Dec. 31, 2021Life CareInformationTechnologyOtherTotalAdjustmentsAlloperations1. Segment revenues and resultsRevenueRevenue from external customersInter-segmentTotalSegment profit before taxSegment profit before tax ratioRef: Profit from ordinary operating activities% of revenueRevenueRevenue from external customersInter-segmentTotalSegment profit before taxSegment profit before tax ratioProfit from ordinary operating activities% of revenueVarianceRevenue from external customers VarianceInter-segmentSegment profit before taxTotalVarianceVarianceProfit from ordinary operating activities246,51189246,60048,79619.8%52,17821.2%301,4192301,42166,73522.1%63,60121.1%54,90822.3%-8754,82117,93936.8%11,42321.9%146,24924146,27367,92846.4%70,44148.2%186,06574186,14092,33949.6%90,92948.8%39,81627.2%5139,86724,41035.9%20,48829.1%3,7678144,58156112.2%59513.0%4,3878175,20466012.7%73614.1%62016.5%26239917.7%14123.7%Ref : Difference between the results of the year under review and the same period the previous year is as follows:Life CareInformationTechnologyOtherTotalAdjustmentsAlloperations396,527396,527117,92229.7%120,71430.4%491,872491,872156,92931.9%152,18930.9%95,34524.0%95,34539,00733.1%31,47526.1%396,527927397,454117,28529.5%123,21331.0%491,872893492,765159,73432.4%155,26631.5%95,34524.0%-3495,31142,44936.2%32,05226.0%Realchange41,13710,10516,30833,30017,74521,594-927-927637-2,500-893-893-2,805-3,0773434-3,442-57723.1%16.7%19.4%33.4%22.8%25.2%31.8%Note:Effect of Exchange Rate Change on Net Sales and Incomes (“2021A” is the actual value of this period. “2021 B” is the nominal value ofthis period which temporarily exchanged by the currency rate of the same period the previous year. unit : millions of Yen)2021 B2021 AInfluences(%)Life CareRevenue from external customersProfit from ordinary operating activitiesSegment profit before tax ratioInformation TechnologyRevenue from external customersProfit from ordinary operating activitiesSegment profit before tax ratio287,64862,28365,104179,54988,18589,522301,41963,60166,735186,06590,92992,33913,7711,3181,6326,5172,7442,8162. Revenue from major products and servicesRevenue from external customers For the nine month endedVarianceDec. 31, 2020Dec. 31, 2021Mar.31 2021Amount(%)Amount(%)Amount(%)Amount(%)(Millions of Yen)For the year endedRevenue from all operationsLife Care246,51162.2301,41961.3Health care related products181,153 [73.5 ]221,638 [73.5 ]Medical related products65,358 [26.5 ]79,781 [26.5 ]Information Technology146,24936.9186,06537.8Electronics related products125,264 [85.7 ]155,807 [83.7 ]Imaging related products20,985 [14.3 ]30,258 [16.3 ]OtherCorporate (including R&D)Total revenue from all operations3,7670.94,3870.9- 396,527-100.0-491,872-100.0Notes 1. Figures in [ ] are percentages of each segment. 22.3 341,80162.422.3 251,626 [73.6 ]22.190,175 [26.4 ]27.2 200,96536.724.4 171,887 [85.5 ]44.216.529,078 [14.5 ]5,1540.9- -24.0 547,921-100.0Notes 2. Effect of Exchange Rate Change on Net Sales and Incomes (“2021A” is the actual value of this period. “2021B” is the nominalvalue of this period which temporarily exchanged by the currency rate of the same period last year. unit : millions of Yen)Life CareHealth care related productsMedical related productsInformation TechnologyElectronics related productsImaging related products2021B2021AInfluences287,648212,14475,504179,549151,00728,542301,419221,63879,781186,065155,80730,25813,7719,4944,2776,5174,8001,716Realchange41,13730,99110,14733,30025,7427,5573. Information about geographical areasRevenue from external customersRevenue from all operationsTotal revenue from all operations396,527100.0491,872100.024.0 547,921100.0For the nine month endedVarianceDec. 31, 2020Dec. 31, 2021Mar.31 2021Amount(%)Amount(%)Amount(%)Amount(%)(Millions of Yen)For the year ended106,54256,26478,661151,2293,83126.914.219.838.11.0123,15272,94897,576192,6705,52525.014.819.839.21.195,34516,61016,68418,91541,4411,69515.6 144,68029.780,15024.0 107,90927.4 209,5605,62344.226.414.619.738.21.0JapanAmericasEuropeAsia/OceaniaOthersNote: Geographical areas are based on the location of customers. 54,90840,48514,42439,81630,5439,273620-95,345(%)16.7%17.1%15.5%22.8%20.6%36.0%Supplementary data for 3rd Quarter aggregated : from April 1 to December 31, 2021ReferenceThe breakdown of changes in revenue and profit before taxFY2020FY2021Variance(Millions of YenOthersRevenueLife CareHealth care related productsMedical related productsInformation TechnologyElectronics related productsImaging related productsProfit from ordinary operating activities Life CareInformation TechnologyOther, adjustment (Corporate)Profit before taxLife CareInformation TechnologyOther, adjustment (Corporate)396,527246,511181,15365,358146,249125,26420,98552,17870,441-1,905117,92248,79667,9281,198491,872301,419221,63879,781186,065155,80730,25863,60190,929-2,340156,92966,73592,339-2,145120,714152,18931,475Foreignexchange20,41313,7719,4944,2776,5174,8001,7164,0211,3182,744-404,4141,6322,816-3495,34554,90840,48514,42439,81630,5439,27311,42320,488-43639,00717,93924,410-3,34274,93241,13730,99110,14733,30025,7427,55727,45410,10517,745-39634,59316,30821,594-3,308Profit before taxAdjustmentsFinance income Finance costsShare of loss of associatesForeign exchange (gain)/lossImpairment lossesOthersProfit from ordinary operatingactivitiesFY2020117,922-2,7921,884-1,449-298-2,439-3,0892,600All operationsFY2021156,9294,7401,246-1,222-592,720-1742,229Variance39,0077,532-6382282395,1592,915-371120,714152,18931,475Profit before taxAdjustmentsFinance income Finance costsShare of loss of associatesForeign exchange (gain)/lossImpairment lossesOthersProfit from ordinary operatingactivitiesLife CareInformation TechnologyFY2020FY2021FY2020FY2021Other, adjustment (Corporate)FY2021FY202048,796-3,382231-84961-1,377-3,0471,59966,7353,135234-747871,882-1741,853Variance17,9396,5173102263,2592,87325467,928-2,512498-2864-1,463-42-1,22292,3391,410408-18321,176 -8Variance24,4103,922-90103-22,639421,2311,1983,1021,155-315-363401-2,223-2,145196604-291-148-338 -368Variance-3,342-2,907-55123215-739–1,85552,17863,60111,42370,44190,92920,488-1,905-2,340-4363. Projected Results for the Full Year (All Operations)(Year ending Mar. 31, 2022)Millions of YenYear ended/endingMar. 31, 2021Mar. 31, 2022ERevenue Profit before taxProfit for the termProfit attributable to owners of the CompanyBasic earnings per share (Yen)Ref: for the 4th quarter1. Year-on-year comparison RevenueProfit before taxProfit for the termProfit attributable to owners of the CompanyBasic earnings per share (Yen)2. Quarter-on-quarter comparisonRevenueProfit before taxProfit for the termProfit attributable to owners of the CompanyBasic earnings per share (Yen)Notes:variance(%)19.528.830.229.9106.037.816.422.722.219.15-4.8-7.4-7.5-7.2-7.99655,000205,000163,000163,000441.80163,12848,07137,82537,915102.76163,12848,07137,82537,915102.76Millions of YenThree months ended/endingMar. 31, 2021Mar. 31, 2022Evariance(%)Millions of YenThree months ended/endingDec. 31, 2021Mar. 31, 2022Evariance(%)To calculate expected profit for the term per share, expected profit for the term is devided by expectedaverage number of shares through the term.These forward-looking statements involve known and unknown risks, uncertainties and other factors thatmay cause our actual results, performance or achievements to differ materially from that anticipated in thesestatements. These factors include changes in economic conditions, trends in our major markets, or currencyexchange rates.547,921159,218125,221125,446335.77151,39441,29630,82531,01783.61171,27051,92240,90140,861110.75-21-