本多通信工業（6826） – [Delayed] Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 [Under Japanese GAAP]

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 [Under Japanese GAAP] May 11, 2022 Company name: HONDA TSUSHIN KOGYO CO.,LTD. Listing: Tokyo Stock Exchange Securities code: 6826 URL: https://www.htk-jp.com/ Representative: Kinji Kashio, Representative Director and President Inquiries: Osamu Mizuno, Director, Chief Financial Officer Telephone: +81-3-6853-5800 Scheduled date of Annual General Meeting of Shareholders: June 27, 2022 Scheduled date to submit the Annual Securities Report: June 28, 2022 Scheduled date to commence dividend payments: June 7, 2022 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the Fiscal Year ended March 31, 2022 (1) Consolidated Results of Operations (cumulative) (Percentages indicate year-on-year changes.) Net Sales Operating profit Ordinary profit Profit attributable to owners of parent Fiscal year ended March 31, 2022 March 31, 2021 Millions of yen ％ Millions of yen ％ – – 18,451 14,857 24.2 – 875 (74) Millions of yen ％ Millions of yen ％ 693 814.1 74.0 1,043 606.0 (6.1) 147 75 (Note) Comprehensive income: For the fiscal year ended March 31, 2022: ¥836 million [-%] For the fiscal year ended March 31, 2021: ¥159 million [-%] Basic earnings per share Diluted earnings per share Return on equity Ratio of ordinary profit to total assets Ratio of operating profit to net sales Fiscal year ended March 31,2022 March 31 2021 Yen 30.07 3.29 Yen – – % 6.1 0.7 % 6.8 1.0 % 4.7 (0.5) (Note) Since “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. have been applied from the first quarter of the fiscal year ending March 31, 2022, the above amounts of consolidated financial results reflect the application of the accounting standard, etc. Therefore, the rate of change in “Net sales” compared to the previous fiscal year is not stated. (2) Consolidated Financial Position As of March 31,2022 March 31, 2021 Total assets Millions of yen 16,261 14,505 (Reference) Equity: As of March 31, 2022: ¥11,697 million As of March 31, 2021: ¥11,004 million Net assets Millions of yen 11,697 11,004 Equity-to-asset ratio Net assets per share Yen 506.74 477.44 ％ 71.9 75.9 (3) Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Fiscal year ended March 31, 2022 March 31, 2021 Millions of yen Millions of yen Millions of yen Millions of yen (323) 1,044 (418) (39) (255) (638) 4,969 5,938 2.Cash dividends Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Fiscal year ending March 31, 2023 (Forecast) Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Total cash dividends (Total) Payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen Yen Yen Millions of yen Yen 0.00 0.00 – – – – – – – Yen 7.00 7.00 12.00 12.00 % 212.6 39.9 161 277 17.00 17.00 39.2 % 1.4 2.4 3. Earnings Forecast of Consolidated Financial Results for Fiscal Year Ending March 31, 2023 Net sales Operating profit Ordinary profit Profit per share Profit attributable to owners of parent Full year Millions of yen ％ Millions of yen ％ Millions of yen ％ Millions of yen ％ 1,000 44.1 1,400 59.9 1,400 34.2 20,000 8.4 Yen 43.32 (% indicates changes from the previous corresponding term) * Notes (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None (2) Changes in accounting policies, changes in accounting estimates, and restatement 1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes 2) Changes in accounting policies due to other reasons: None 3) Changes in accounting estimates: None 4) Restatement: None (3) Number of issued shares (common shares) 1) Total number of issued shares at the end of the period (including treasury shares): 2) Number of treasury shares at the end of the period: 3) Average number of shares outstanding during the period: As of March 31, 2022 As of March 31, 2022 As of March 31, 2022 25,006,200shares1,922,244shares23,073,433sharesAs of March 31, 2021 As of March 31, 2021 As of March 31, 2021 25,006,200 shares 1,956,444 shares 23,044,548 shares * Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. (2) Analysis of financial position (3) Basic policy for profit distribution and dividends for the fiscal year under review and for the next Table of Contents of Appendix 1. Overview of Operating Results and Financial Position (1) Analysis of operating results fiscal year 2. Basic Policy for Selecting Accounting Standards 3. Consolidated Financial Statements and Principal Notes (1) Consolidated Balance Sheets (2) Consolidated Statements of Income and Comprehensive Income (3) Consolidated Statements of Changes in Net Assets (4) Consolidated statement of Cash Flows (5) Notes to Consolidated Financial Statements (Change in Accounting Policies) (Segment Information) (Per share information) 2 2 2 3 3 4 4 6 7 9 10 10 11 14 1. Overview of Operating Results and Financial Position (1) Analysis of operating results i. Overview of the fiscal year under review For the fiscal year ended March 31, 2022, the Company saw a sustained rally and growth in its performance, on the back of brisk demand. Sales and profit both surged year on year. Net sales reached 18,451 million yen, up 24.2% year on year. Sales grew in all the sectors, especially in the factory automation and telecommunications sectors. Operating profit improved significantly, moving into the black from a negative value of 74 million yen in the previous fiscal year to reach 875 million yen. This result reflected efforts to increase sales and profits and streamline operations, although rising prices of materials and distribution limited the profit increase. Ordinary profit stood at 1,043 million yen, up 606.0% year on year, with the help of subsidies and the depreciation of the yen, and profit at 693 million yen, up 814.1% year on year. Both achieved stronger growth. ii. Outlook for the next fiscal year The Company anticipates some impact of geopolitical factors and COVID-19 on production activities. They will have minor direct impacts on sales. Meanwhile, there are concerns about supply chain disorders and soaring procurement costs. With continued strength in demand for capital expenditures and an easing of the semiconductor shortage among other factors, the market is expected to be generally positive. For the fiscal year ending March 31, 2023, the Company is likely to see continued growth with the help of healthy market conditions and a strong order backlog. Net sales are forecast at 20,000 million yen, up 8.4% year on year, as sales will rise in all sectors with various risks taken into account as appropriate. Operating profit is expected to reach 1,400 million yen, up 59.9% year on year, ordinary profit at 1,400 million yen, up 34.2% year on year, while profit should rise to 1,000 million yen, up 44.1% year on year, with cost increases due to investments for growth, including investments in development and human resources, and to soaring procurement prices absorbed by streamlining and price revisions. Given that the Company saw its business performance improve at a higher pace than envisioned in its management plan published in May 2021, it recently revised its medium-term goals to record-high levels, namely net sales of 25,000 million yen, operating profit of 2,500 million yen (with an operating profit margin of 10%) or more and ROE of 12% or more in the fiscal year ending March 31, 2026. See the Supplementary Material to Financial Results for details. (2) Analysis of financial position i. Assets, liabilities and net assets (Assets) (Liabilities) (Net assets) Total assets at the end of the fiscal year under review stood at 16,261 million yen, up 1,755 million yen from the end of the previous consolidated fiscal year. This mainly reflects an increase in inventories. Liabilities totaled 4,563 million yen up 1,062 million yen from the end of the previous consolidated fiscal year. This is attributable mainly to an increase in trade payables. Net assets came to 11,697 million yen, up 692 million yen from the end of the previous consolidated fiscal year. This result was primarily attributable to an increase in retained earnings. ii. State of cash flow Consolidated net cash and cash equivalents (hereinafter, “cash”) at the end of the fiscal year under review totaled 4,969 million yen, a decrease of 969 million yen from the end of the previous fiscal year. The various cash flows and related factors are outlined below. (Cash flows from operating activities) Net cash used in operating activities during the fiscal year under review was 323 million yen (1,044 million yen provided in the previous fiscal year). This mainly reflects increases in inventories and trade receivables. 2 (Cash flows from investing activities) (Cash flows from financing activities) Net cash used in investing activities during the fiscal year under review was 418 million yen (39 million yen used in the previous fiscal year). The fall was mainly due to a purchase of non-current assets. Net cash used in financing activities during the fiscal year under review was 255 million yen (638 million yen used in the previous fiscal year). This mainly reflects repayments of long-term borrowings. The table below shows the trends in the Group’s cash flow-related indicators. (Reference) Cash flow-related indicators Equity ratio (%) Market value-based equity ratio (%) Ratio of interest-bearing debt to cash flow (years) Interest coverage ratio (times) Equity ratio: Equity / Total assets FY3/2018 FY3/2019 FY3/2020 FY3/2021 FY3/2022 73.0 149.4 0.0 316.1 75.6 78.6 0.6 78.1 76.8 59.3 0.6 59.0 75.9 83.1 0.4 71.9 73.8 (0.8) 92.5 (39.7) Market value-based equity ratio: Market capitalization / Total assets Ratio of interest-bearing debt to cash flow: Interest-bearing debt / Operating cash flow Interest coverage ratio: Operating cash flow / Interest payments * Each indicator is calculated based on consolidated financial figures. * Cash flow is “Cash flows from operating activities” shown on the consolidated statements of cash flows. * Interest-bearing debt is all the debt with interest on the consolidated balance sheets. (3) Basic policy for profit distribution and dividends for the fiscal year under review and for the next fiscal year Dividends for the fiscal year under review were determined at 12 yen per share as announced on January 31, 2022. The dividend forecast for the next fiscal year is set at 17 yen per share, up 5 yen year on year, in consideration of the business performance trend and financial position. 2. Basic Policy for Selecting Accounting Standards To secure inter-company and year-to-year comparability, the Group prepares the Company’s consolidated financial statements based on “Ordinance on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements (excluding Chapters 7 and 8)” (Finance Ministry Ordinance 28, 1976). The Group plans to respond appropriately if international accounting standards are to be applied after giving due consideration to conditions both in Japan and overseas. 3 2. Consolidated Financial Statements and Principal Notes (1) Consolidated Balance Sheets As of March 31, 2021 As of March 31, 2022 (Millions of yen)Assets Current assets Cash and deposits Notes and accounts receivable – trade Electronically recorded monetary claims-operating Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Accumulated impairment loss Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Accumulated impairment loss Machinery, equipment and vehicles, net Tools, furniture and fixtures Accumulated depreciation Accumulated impairment loss Tools, furniture and fixtures, net Land Leased assets Accumulated depreciation Leased assets, net Construction in progress Total property, plant and equipment Intangible assets Other Total intangible assets Investments and other assets Investment securities Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 4 5,977 3,093 672 508 352 569 163 (2) 11,333 2,593 (1,757) (15) 820 2,881 (2,162) (1) 716 8,949 (8,838) (18) 92 171 384 (171) 212 127 2,140 334 334 196 345 159 (3) 697 3,172 14,505 5,007 3,804 905 1,010 536 1,103 386 (2) 12,752 2,680 (1,746) (15) 918 3,282 (2,356) (1) 924 9,002 (8,881) (18) 102 171 355 (188) 167 343 2,627 289 289 87 339 166 (3) 591 3,508 16,261 As of March 31, 2021 As of March 31, 2022 (Millions of yen)Liabilities Current liabilities Notes and accounts payable – trade Electronically recorded obligations – operating Short-term borrowings Current portion of long-term borrowings Lease obligations Accounts payable-other Income taxes payable Provision for bonuses Provision for directors’ bonuses Allowance for cancellation losses Electronically recorded obligations – non-operating Other Total current liabilities Non-current liabilities Long-term borrowings Lease obligations Retirement benefit liability Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Total net assets Total liabilities and net assets 5 1,013 638 – 115 75 337 39 325 33 – 47 142 82 375 17 616 258 2,884 3,501 1,501 1,540 8,696 (736) 11,001 1 1 3 11,004 14,505 1,112 947 61 116 65 648 274 368 51 14 89 111 36 366 17 532 280 4,.031 4,563 1,501 1,544 9,228 (724) 11,551 (4) 150 146 11,697 16,261 (2) Consolidated Statements of Income and Comprehensive Income (Consolidated Statements of Income) (Millions of yen)Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit (loss) Non-operating income Interest income Dividend income Foreign exchange gains Subsidy income Other Total non-operating income Non-operating expenses Interest expenses Amortization of restricted stock remuneration Condolence money for officer, etc. Company funeral-related expenses Other Total non-operating expenses Ordinary profit (loss) Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Gain on reversal of share acquisition rights Total extraordinary income Extraordinary losses Loss on retirement of non-current assets Loss on sales of non-current assets Provision of allowance for cancellation losses Total extraordinary losses Profit (loss) before income taxes Income taxes – current Income taxes – deferred Income taxes Profit (loss) Profit (loss) attributable to Profit (loss) attributable to owners of parent Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent 6 14,857 12,570 2,286 2,361 (74) 0 3 90 144 17 256 11 6 11 – 5 34 147 8 11 1 21 3 0 – 3 166 106 (16) 90 75 75 19 63 83 159 159 18,451 15,092 3,359 2,483 875 0 4 128 55 22 210 8 – – 14 19 42 1 – 3 17 0 14 1,043 1 32 1,013 312 8 320 693 693 (5) 149 143 836 836 (3) Consolidated Statements of Changes in Net Assets Fiscal year ended March 31, 2020 (Millions of yen)Shareholders’ equity Capital stock Capital surplus Retained earnings Treasury stock Total shareholders’ equity Balance at beginning of period 1,501 1,538 9,103 (750) 11,392 Changes during period Dividends from surplus Profit attributable to owners of parent Purchase of treasury stock Disposal of treasury stock Net change of items other than shareholders’ equity during the period Total changes of items during the year Changes during period Dividends from surplus Profit attributable to owners of parent Purchase of treasury stock Disposal of treasury stock Net change of items other than shareholders’ equity during the period Total changes of items during the year Balance at the end of the year Balance at the end of the year 1,540 Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Stock acquisition rights Total net assets Balance at beginning of period (18) (61) (80) 2 2 63 63 1 (483) 75 (407) 8,696 83 83 3 (0) 13 13 (73) 1 (1) (1) – (483) 75 (0) 16 (391) 11,001 11,314 – (483) 75 (0) 16 82 (309) 11,004 － 1,501 19 19 19 7 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends from surplus Profit attributable to owners of parent Disposal of treasury shares Net change of items other than shareholders’ equity Total changes of items during period Balance at beginning of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends from surplus Profit attributable to owners of parent Disposal of treasury shares Net change of items other than shareholders’ equity Total changes of items during period Balance at the end of the period Fiscal year ended March 31,2022 (Millions of yen)Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Balance at beginning of period 1,501 1,540 8,696 (736) 11,001 1,501 1,540 8,696 (736) 11,001 Balance at the end of the period 1,501 1,544 532 9,228 12 (724) Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Total net assets (161) 693 17 549 11,551 4 4 1 1 149 149 149 (161) 693 3 3 143 143 146 12 11,004 – 11,004 (161) 693 17 143 692 11,697 – 1 1 (5) (5) (4) 8 (4) Consolidated Statements of Cash Flows (Millions of yen)Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from operating activities Profit before income taxes Depreciation Provision of allowance for cancellation losses Increase (decrease) in provision for bonuses Increase (decrease) in provision for bonuses for directors (and other officers) Increase (decrease) in allowance for doubtful accounts Increase (decrease) in retirement benefit liability Interest and dividend income Interest expenses Loss (gain) on sale of investment securities Loss (gain) on sales and retirement of non-current assets Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in accounts payable – other Subsidy income Other, net Subtotal Subsidies received Interest and dividends received Interest paid Payments of business structural reform expenses Income taxes (paid) refund Net cash provided by (used in) operating activities Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of non-current assets Proceeds from sale of non-current assets Proceeds from sale of investment securities Other, net Net cash provided by (used in) investing activities Cash flows from financing activities Net increase (decrease) in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Purchase of treasury shares Dividends paid Proceeds from sales and leasebacks Repayments of lease obligations Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 9 166 503 – (7) (0) – 14 (4) 11 (11) (5) (417) 552 211 (42) (144) 131 958 149 4 (13) (41) (13) 1,044 (38) 38 (162) 2 111 9 (39) (52) – (103) (0) (482) 84 (83) (638) 33 399 5,538 5,938 1,013 473 14 41 18 0 (8) (5) 8 (1) 16 (854) (1,158) 305 26 (55) (166) (330) 55 4 (8) – (45) (323) (38) 38 (507) 1 101 (14) (418) 52 238 (303) – (162) – (81) (255) 28 (969) 5,938 4,969 (5) Notes to consolidated financial statements (Changes in accounting policies) (Application of Accounting Standard for Revenue Recognition, etc.) The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, issued March 31, 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and the Implementation Guidance on Accounting Standard for Revenue Recognition (ASBJ Guidance No. 30, issued March 26, 2021) from the beginning of the first quarter of the fiscal year under review. Under the Revenue Recognition Accounting Standard, revenue is recognized when control over promised goods or services is transferred to customers, at an amount that the Company is expected to receive in exchange for the said goods or services. As a result, part of the rebates that used to be posted as selling, general and administrative expenses have been subtracted from net sales. The subtracted amount for the fiscal year ended under review is 153 million yen. This change in accounting policy is applied retrospectively, in principle, and consolidated financial statements for the previous fiscal year are after retrospective application. However, the following method stipulated in Paragraph 85 of the Revenue Recognition Accounting Standard is applied. (1) For contracts in which the amounts of almost all revenues were recognized in accordance with the previous accounting treatment prior to the beginning of the previous fiscal year, comparative information shall not be adjusted retroactively. (2) For the amount of variable consideration included in contracts in which the amounts of almost all revenues were recognized in accordance with the previous accounting treatment prior to the beginning of the previous fiscal year, comparative information shall be adjusted retroactively by using an amount obtained when uncertainty about the amount of variable consideration is eliminated. Because of the change in accounting policy, net sales and selling, general and administrative expenses in the previous fiscal year decreased 75 million yen and 75 million yen, respectively, compared with before the accounting standard is applied retroactively. However, operating loss, ordinary loss, and loss before income taxes remain unchanged. (Application of Accounting Standard for Fair Value Measurement, etc.) The Company has applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, issued July 4, 2019; hereinafter, the “Fair Value Measurement Accounting Standard”), etc. from the beginning of the first quarter of the fiscal year under review. Accordingly, the new accounting policies specified in the Fair Value Accounting Standard, etc. are applied into the future according to the transitional measures prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, issued July 4, 2019). The application has no effect on consolidated financial statements. 10 (Segment information) [Segment information] 1. Overview of reportable segment information The reportable segments of the Company are the units for which separate financial information can be obtained among the constituent units of the Company and for which the Board of Directors of the Company regularly carries out examinations to determine the allocation of management resources and assess the business performance. The Company engages mainly in production and sales of connectors as electronic components. One of its subsidiaries based in Japan conducts business activities with its business environment and model considerably different from those of the connector business. For this reason, the Company has defined two reportable segments according to the business details. One is the connectors business and the other is the information systems business, which is operated by HTK Engineering Co., Ltd. The connectors business pertains to manufacturing and sales concerned with connectors as electronic components. The information systems business relates to development and sales of software and systems. 2. Method for determining sales, profit or loss, assets, liabilities and other items for reportable segments Accounting methods for the reported business segments are almost the same as those used for the preparation of consolidated financial statements. Inter-segment internal revenues and transfers are based on transaction prices between third parties. 3. Information regarding sales, operating profit or loss, assets, liabilities and other items by the reportable segments Fiscal year ended March 31, 2021 Reportable segments Connector Information Systems Total Adjusted amount (Notes) (Millions of yen)Posted amount to the consolidated financial statements Net sales Net sales to external customers 11,983 Intersegment net sales and transfer Total Segment profit (loss) Segment assets Segment Liabilities Other items Depreciation Increase in property, plant and equipment and intangible assets 28 12,087 (209) 13,318 3,097 490 246 14,857 67 14,925 (74) 14,558 3,553 503 251 (67) (67) (52) (52) – – – – 14,857 – 14,857 (74) 14,505 3,501 503 251 (Notes) Segment assets and segment liabilities are adjusted for intersegment and connector department transactions. 2,874 39 2,913 134 1,239 455 13 4 11 Fiscal year ended March 31, 2022 Reportable segments Connector Information Systems Total Adjusted amount (Notes) (Millions of yen)Posted amount to the consolidated financial statements 15,564 28 15,593 733 15,034 4,166 463 830 Net sales Net sales to external customers Intersegment net sales and transfer Total Segment profit (loss) Segment assets Segment Liabilities Other items Depreciation Increase in property, plant and equipment and intangible assets [Related information] Fiscal year ended March 31, 2021 1. Information by product and service 2,886 48 2,935 142 1,272 442 10 8 18,451 77 18,529 875 16,306 4,608 473 839 (77) (77) (44) (44) – – – – 18,451 – 18,451 875 16,261 4,563 473 839 (Notes) Segment assets and segment liabilities are adjusted for intersegment and connector department transactions. This information has been omitted because the segmentation of products and services is the same as the reportable segments. 2. Information by region (1) Net sales Japan North America Europe Total Asia China Other 8,841 43 2,236 3,429 381 14,932 (Notes) Sales are based on the location of customers and are classified by country or region. (2) Property, plant and equipment Japan Asia Europe Total 1,522 616 1 2,140 3. Information by major customer (Millions of yen)(Millions of yen)(Millions of yen) Customer name Net sales Name of related segment(s) SONY TECHNOLOGY(THAILAND) CO.,LTD. 2,581 Connector 12 Fiscal year ended March 31, 2022 1. Information by product and service 2. Information by region (1) Net sales This information has been omitted because the segmentation of products and services is the same as the reportable segments. Japan North America Europe Total Asia China Other 11,335 67 2,396 4,154 497 18,451 (Notes) Sales are based on the location of customers and are classified by country or region. (2) Property, plant and equipment Japan Asia Europe Total 1,761 862 4 2,627 (Millions of yen)(Millions of yen) (Millions of yen) Customer name Net sales Name of related segment(s) SONY TECHNOLOGY(THAILAND) CO.,LTD. 2,688 Connector 3. Information by major customer [Information on impairment losses of non-current assets by reportable segment] Fiscal year ended March 31, 2021 Not applicable. Fiscal year ended March 31, 2022 Not applicable. [Information on amortization and unamortized balance of goodwill by reportable segment] Fiscal year ended March 31, 2021 Not applicable. Fiscal year ended March 31, 2022 Not applicable. [Information on gain on negative goodwill by reportable segment] Fiscal year ended March 31, 2021 Not applicable. Fiscal year ended March 31, 2022 Not applicable. 13 (Per share information) (2) Profit per share The basis for calculation of net assets per share and net income per share is as follows. (1) Net assets per share 477.44 yen 506.74 yen Fiscal year ended March 31, 2020 Fiscal year ended March 31, 2021 Profit attributable to owners of parent (millions of yen) Amount not attributable to common shareholders (millions of yen) Profit attributable to owners of parent related to common shares (millions of yen) Average number of common shares during the period (shares) Fiscal year ended March 31, 2020 Fiscal year ended March 31, 2021 3.29 yen 30.07 yen 75 – 75 693 – 693 23,044,548 23,073,433 (Notes) Diluted net income per share is not shown because there are no residual securities with dilutive effects. 14