Consolidated Statements of Income

*The THK Group decided to adopt IFRS beginning with the 2019 fiscal year.

*The financial results for the fiscal year ending in December 2017 is based on an irregular accounting period:

9 months for Japanese companies and 12 months for overseas companies.

Millions of yen, Yen

	'17/12	'18/12	'19/12 (IFRS)	'20/12 (IFRS)	'21/12 (IFRS)
Net Sales	286,603	353,479	274,599	218,998	318,188
Japan	99,099	147,949	109,424	84,675	115,517
The Americas	67,194	70,548	58,390	46,097	56,369
Europe	54,001	56,980	53,766	37,625	49,014
China	41,410	49,228	30,996	34,006	68,662
Asia and Other	24,896	28,772	22,021	16,594	28,624
Cost of Sales	214,490	251,181	207,130	172,567	238,434
Gross Profit	72,112	102,298	67,469	46,430	79,753
SG&A	42,833	52,465	49,437	44,833	50,988
Other Income	-	-	2,184	3,960	2,316
Other Expenses	-	-	2,042	14,217	1,171
Operating Income	29,279	49,832	18,277	△ 8,499	30,268
Financial Income	-	-	1,010	764	2,145
Financial Costs	-	-	1,119	1,990	2,430
Profit before Tax	31,034	51,529	18,168	△ 9,725	29,984
Profit for the Year Attributable to Owners of the Parent	25,729	35,400	11,690	△ 9,992	23,007

Basic Earnings per Share (Yen)	203.28	279.70	92.37	△ 78.95	181.97

Foreign-exchange Rate (Yen)
US$ Average Rate	112.19	110.42	109.04	106.79	109.79
Euro Average Rate	126.66	130.36	122.08	121.79	129.85