JVCKENWOOD : Consolidated Financial Results for the FYE March 31, 2025 (Under IFRS)

May 1, 2025

Company name: JVCKENWOOD Corporation

Listing: Prime Market of the Tokyo Stock Exchange Securities code: 6632

URL: https://www.jvckenwood.com/en.html

Representative: EGUCHI Shoichiro, Representative Director of the Board, President and CEO Inquiries: MIYAMOTO Masatoshi, Representative Director of the Board, Senior Managing

Executive Officer, CFO

Telephone: +81-45-444-5232

Scheduled date of annual general meeting of shareholders: June 25, 2025 Scheduled date to commence dividend payments: May 27, 2025 Scheduled date to file annual securities report: June 25,2025 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for analysts and institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Revenue		Core operating income*		Operating profit		Profit before tax
      Fiscal year ended March 31, 2025 March 31, 2024	Million yen 370,308 359,459	% 3.0 6.7	Million yen 25,307 19,710	% 28.4 24.5	Million yen 21,792 18,226	% 19.6 -15.8	Million yen 23,490 18,245	% 28.7 -13.8

      *Core operating income is calculated by deducting cost of sales, selling and general administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange gains and losses, which are nonrecurring items that mainly occur temporarily.

      	Profit attributable to owners of parent		Total comprehensive income		Basic earnings per share	Diluted earnings per share
      Fiscal year ended March 31, 2025 March 31, 2024	Million yen 20,276 13,016	% 55.8 -19.8	Million yen 17,822 26,280	% -32.2 23.7	Yen 135.17 84.34	Yen 134.07 83.84

      	Return on equity attributable to owners of parent	Ratio of profit before tax to total assets	Ratio of operating profit to revenue
      Fiscal year ended	%	%	%
      March 31, 2025	16.9	7.5	5.9
      March 31, 2024	12.2	5.9	5.1

      Reference: Share of profit (loss) of investments accounted for using the equity method For the fiscal year ended March 31, 2025: ¥1,968 million For the fiscal year ended March 31, 2024: ¥547 million

   2. Consolidated Financial Position

      	Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets	Equity attributable to owners of parent per share
      As of	Million yen	Million yen	Million yen	%	Yen
      March 31, 2025	313,336	131,399	125,103	39.9	845.07
      March 31, 2024	316,819	121,220	114,801	36.2	761.35

   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, 2025 March 31, 2024	Million yen 31,452 33,172	Million yen -21,545 -16,062	Million yen -18,793 -19,353	Million yen 48,597 57,874

2. Dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to equity attributable to owners of parent (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen - -	Yen	Yen	Million yen 1,827 2,259	%	%
   Fiscal year ended March 31, 2024		0.00		12.00	12.00		14.2	1.8
   Fiscal year ended March 31, 2025		5.00		10.00	15.00		11.1	1.9
   Fiscal year ending March 31, 2026 (Forecast)	-	6.00	-	12.00	18.00		18.8

   *Revision of dividend forecast from the most recently announced forecast: Yes

3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 -

(% indicate year-on-year changes）

1. Significant changes in the scope of consolidation during the period: None

2. Changes in accounting policies and changes in accounting estimates

   1. Changes in accounting policies required by IFRS: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

3. Number of issued shares (ordinary shares)

   1. Total number of issued shares at the end of the period (including treasury stock)

      As of March 31, 2025	164,000,201 shares
      As of March 31, 2024	164,000,201 shares

   2. Number of treasury stock at the end of the period

      As of March 31, 2025	15,960,655 shares
      As of March 31, 2024	13,213,108 shares

   3. Average number of shares outstanding during the period

* The Company's shares owned by the trust relating to the share-based payment plan are included in the number of treasury stock.

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Revenue		Operating profit		Ordinary profit		Profit
   Fiscal year ended March 31, 2025 March 31, 2024	Million yen 100,803 164,551	% -2.3 -5.0	Million yen 6,937 1,743	% 297.9 -63.0	Million yen 14,704 9,399	% 56.4 34.9	Million yen 21,394 10,937	% 95.6 118.0

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended March 31, 2025 March 31, 2024	Yen 142.63 70.87	Yen - -

2. Non-consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of March 31, 2025 March 31, 2024	Millions of yen 212,124 223,791	Millions of yen 93,966 81,827	% 44.3 36.6	Yen 634.74 542.67

   Reference: Equity

   As of March 31, 2025: ¥93,966 million As of March 31, 2024: ¥81,827 million

   • Financial results reports are not subject to review by the certified public accountants or an audit firm.

   • Proper use of earnings forecasts, and other special matters:

A Cautionary Note on Forward-Looking Statements

This report contains forward-looking statements including those concerning future performance of JVCKENWOOD Corporation (the "Company"), and those statements are based on the Company's current assumptions, expectations and beliefs in light of the information currently possessed by it. Various factors may cause the Company's actual results to be materially

different from any future performance expressed or implied by these forward-looking statements. Therefore, these statements do not constitute a guarantee by the Company that such future performance will be realized. For cautionary notes with respect to forward-looking statements, please refer to the "(4) Future Outlook" in "1. Overview of Business Performance."

Access to Supplementary Financial Materials and Earnings Presentations

The Company plans to hold an online financial results presentation for analysts and institutional investors on Thursday, May 1, 2025. The presentation materials to be used on that day will be available for download from the Company's website.

1. Overview of Business Performance

   1. Operating Results Performance Overview

      The following is an overview of the financial position, business results, and cash flows for the JVCKENWOOD Corporation and its consolidated subsidiaries and equity-method companies (the "Group") for the fiscal year under review. Forward-looking statements in this document are based on the Company's judgment as of the publication date of this document.

      1. Financial Position and Business Performance

         Revenue of the Group for the fiscal year under review increased in year-on-year comparison, attributable to revenue growth in all three sectors: the Mobility & Telematics Services Sector, the Safety & Security Sector, and the Entertainment Solutions Sector.

         As a result, the line-item profits of core operating income through to the profit attributable to owners of the parent posted a significant year-on-year increase, setting new record highs.

         Core operating income of the Communications Systems Business in the Safety & Security Sector, which was affected by the deterioration of the product mix in the nine months ended December 31, 2024, recovered beyond expectations in the fourth quarter of the fiscal year under review. The Professional Systems Business in the same sector also performed solidly, resulting in the highest quarterly profit ever recorded for the entire sector, updating the previous record.

         A summary of consolidated business results for the fiscal year under review is as follows.

         (Million yen)

         	Fiscal Year Ended March 2024	Fiscal Year Ended March 2025	Year-on-year change
         			Amount	Percentage
         Revenue	359,459	370,308	+10,849	+3.0%
         Core operating income*	19,710	25,307	+5,597	+28.4%
         Operating profit	18,226	21,792	+3,565	+19.6%
         Profit before income taxes	18,245	23,490	+5,244	+28.7%
         Profit attributable to owners of the parent	13,016	20,276	+7,259	+55.8%

         * Core operating income is calculated by deducting cost of sales and selling, general and administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange losses (gains), which are primarily due to one-time factors. The evaluation of business sector performance is explained using core operating income.

         The exchange rates used for financial reporting purposes for the fiscal year under review are as follows.

         Fiscal Year Ended	Q1	Q2	Q3	Q4	Full year
         March 31, 2025 U.S. dollar Euro	Approx.156 yen Approx.168 yen	Approx.150 yen Approx.164 yen	Approx.152 yen Approx.163 yen	Approx.153 yen Approx.161 yen	Approx.153 yen Approx.164 yen
         March 31, 2024 U.S. dollar (for reference) Euro	Approx.137 yen Approx.150 yen	Approx.145 yen Approx.157 yen	Approx.148 yen Approx.159 yen	Approx.149 yen Approx.161 yen	Approx.145 yen Approx.157 yen

         Revenue

         Revenue of the Group for the fiscal year under review increased approximately 10,800 million yen, or 3.0%, from the same period a year earlier to 370,308 million yen. This was because all three sectors, the Mobility & Telematics Services Sector, the Safety & Security Sector, and the Entertainment Solutions Sector, recorded increased revenue.

         Core operating income

         The Company defines core operating income as revenue less cost of sales and selling, general and administrative expenses.

         Core operating income for the fiscal year under review soared approx. 5,600 million yen, or 28.4%, from a year earlier to 25,307 million yen, mainly because of producing positive effects from the structural reform implemented in the previous fiscal year as well as increased revenue.

         Operating profit

         Operating profit for the fiscal year under review soared approx. 3,600 million yen, or 19.6%, from a year earlier to 21,792 million yen, mainly due to an increase in core operating income.

         Profit before income taxes

         Profit before income taxes for the fiscal year under review soared approx. 5,200 million yen, or 28.7%, from a year earlier to 23,490 million yen. This was mainly due to a rise in operating profit and an increase in share of profit of investments accounted for using the equity method.

         Profit attributable to owners of the parent

         Profit attributable to owners of the parent for the fiscal year under review soared approx. 7,300 million yen, or 55.8%, from a year earlier to 20,276 million yen, mainly due to the recognition of deferred tax assets as well as a rise in profit before income taxes.

      2. Revenue and Profit (Loss) by Business Sector

         Revenue and core operating income by business sector are as follows.

         Fiscal Year Ended March 2025 (from April 1, 2024 to March 31, 2025)

         (Million yen)

         Business Sector		FYE3/'24	FYE3/'25	Year-on-year change
         Mobility & Telematics Services Sector	Revenue Core operating income	199,435 3,871	203,243 4,881	+3,807 +1,009
         Safety & Security Sector	Revenue Core operating income	93,755 16,485	100,008 18,579	+6,252 +2,093
         Entertainment Solutions Sector	Revenue Core operating income	55,978 -257	57,936 1,849	+1,957 +2,106
         Others	Revenue Core operating income	10,289 -389	9,120 -1	-1,168 +387
         Total	Revenue Core operating income	359,459 19,710	370,308 25,307	+10,849 +5,597

         Mobility & Telematics Services Sector

         Revenue of the Mobility & Telematics Services Sector for the fiscal year under review increased approx. 3,800 million yen, or 1.9% from a year earlier to 203,243 million yen. Core operating income soared approx. 1,000 million yen, or 26.1% from a year earlier to 4,881 million yen.

         Core operating income includes approx. 600 million yen of a negative impact from foreign exchange hedge.

         Revenue

         Revenue of the OEM Business increased from a year earlier mainly due to solid performance of the dealer-installed option business in Japan as well as strong sales of in-vehicle speakers, amplifiers, antennas, cables and lenses from overseas OEMs.

         Revenue of the Aftermarket Business came in almost unchanged from a year earlier mainly because sales trended to recover from the first half of the fiscal year under review, although the business was affected by a decline in automobile sales in Japan during the first quarter of the fiscal year under review.

         Revenue of the Telematics Service Business decreased significantly from a year earlier due to a plunge in sales of telematics solution-related products including connected-type dashcams for auto insurance companies.

         Core operating income

         Core operating income of the entire Mobility & Telematics Services Sector increased from a year earlier. This was because profit of the Aftermarket Business increased from a year earlier backed by recovery in production accompanying the normalization of distribution inventories, as well as profit of the OEM Business was up from a year earlier thanks to the revenue-increase effect, despite the negative impact of lower sales in the Telematics Service Business and foreign exchange hedge.

         Safety & Security Sector

         Revenue of the Safety & Security Sector for the fiscal year under review rose approx. 6,300 million yen, or 6.7%, from a year earlier to 100,008 million yen. Core operating income increased approx. 2,100 million yen, or 12.7% from a year earlier to 18,579 million yen, resulting in the highest revenue and core operating income ever.

         Revenue

         Revenue of the Communications Systems Business for the fiscal year under review grew approx. 7,600 million yen from a year earlier mainly because of the impact resulting from the pull-forward of a portion of shipments as well as brisk sales of professional radio systems in the North American public safety market.

         Revenue of the Professional Systems Business decreased approx. 1,300 million yen from a year earlier mainly due to a decline in sales of medical image display monitors.

         Core operating income

         Core operating income of the Safety & Security Sector as a whole also increased from a year earlier. This was mainly because of an increase in profit in the Communications Systems Business thanks to brisk sales of professional radio systems in the North American public safety market despite of the impact of insufficient supply of parts in the fourth quarter of the fiscal year under review, and an improvement of profitability mainly due to producing positive effects of the reduction of fixed costs in the Professional Systems Business.

         Entertainment Solutions Sector

         Revenue of the Entertainment Solutions Sector for the fiscal year under review increased approx. 2,000 million yen, or 3.5%, from a year earlier to 57,936 million yen. Core operating income soared approx. 2,100 million yen from a year earlier to 1,849 million yen and, as a result, turned into the black.

         Revenue

         Revenue of the Media Business increased approx. 2,000 million yen from a year earlier mainly because sales of projectors, portable power stations, and other devices remained solid.

         The Entertainment Business maintained steady revenue, mainly due to continued solid sales of new releases by popular artists and other content business products carried over from the previous fiscal year.

         Core operating income

         The Entertainment Solutions Sector as a whole registered a significant increase in core operating income from a year earlier and, as a result, turned into the black. This was mainly due to the reduction of fixed costs producing positive effect as well as the effect of structural reform implemented in the previous fiscal year, despite recording an additional allowance of approx. 500 million yen for loss on components and materials in the professional camera business within the Media Business in the fourth quarter of the fiscal year under review. In addition, the Entertainment Business maintained solid profitability following the previous term and posted further profit growth during the fiscal year under review.

   2. Financial Position Assets

      Total assets decreased approx. 3,500 million yen from the end of the previous fiscal year to 313,336 million yen. This was mainly due to a decrease in current assets, such as cash and cash equivalents and inventories, despite an increase in trade and other receivables.

      Liabilities

      Total liabilities were down approx. 13,700 million yen from the end of the previous fiscal year to 181,937 million yen. This was mainly due to a decrease in trade and other payables as well as the repayment of bank borrowings.

      Equity

      Total equity rose approx. 10,200 million yen from the end of the previous fiscal year to 131,399 million yen. This was mainly because of an increase of approx. 18,100 million yen in retained earnings, despite a decrease due to share repurchase.

      The ratio of equity attributable to owners of the parent to total assets increased 3.7 percentage points from the end of the previous fiscal year to 39.9%. This was due to an increase in total equity attributable to owners of the parent.

   3. Cash Flows Cash Flow Analysis

      Cash flows from operating activities

      Net cash provided by operating activities for the fiscal year under review was 31,452 million yen, a decrease of approx. 1,700 million yen from the same period of the previous fiscal year. This was mainly because factors such as a rise in working capital contributed to the outcome, though profit before income taxes increased.

      Cash flows from investing activities

      Net cash used in investing activities for the fiscal year under review was 21,545 million yen, an increase of approx. 5,500 million from the same period of the previous fiscal year. This was mainly due to an increase in capital expenditure, despite an increase in proceeds from the sale of property, plant and equipment.

      Cash flows from financing activities

      Net cash used in financing activities for the fiscal year under review was 18,793 million yen, a decrease of approx. 600 million yen from the same period of the previous fiscal year. This was mainly due to a decrease in acquisition of treasury stock despite the continued repayment of bank borrowings.

      Cash and cash equivalents at the end of the fiscal year under review decreased approx. 9,300 million yen from the same period of the previous fiscal year to 48,597 million yen.

   4. Future Outlook

   Outlook for the Fiscal Year Ending March 2026, including the impact of tariffs

   For the next fiscal year (fiscal year ending March 2026), the Company expects continued solid demand in the North American public safety market in the Communications Systems Business in the Safety & Security Sector. To expand the business in this market, the Company will continue making up-front investments, associated with the workforce expansion. In addition, in the Communications Systems Business, the impact of component shortages, which was also observed in the fourth quarter of the fiscal year ended March 2025, is expected to continue into and beyond the first quarter of the next fiscal year. The Company will implement various measures to minimize this impact.

   In the Mobility & Telematics Services Sector, the Overseas OEM Business and the domestic dealer-installed option Business are expected to see steady sales. In the Entertainment Solutions Sector, in addition to continued strong performance in the content business in the Entertainment Business, the effects of loss allowance recorded in the Media Business during the fiscal year ended March 31, 2025 are also expected to materialize.

   However, the U.S. tariff measures may impact on business activities and performance of the Group.

   The proportion of revenue from the U.S. accounts for approx. 25% of total revenue of the Group, primarily consisting of the following businesses and products.

   • Mobility & Telematics Services Sector: display audio, audio, and speakers

   • Communications Systems Business in Safety & Security Sector: professional radio systems, and accessories

   • Media Business in Entertainment Solutions Sector: headphones, earphones, and projectors

   The Company has established an Emergency Task Force on U.S. Mutual Tariff to minimize the impact of these tariff measures on business activities and performance of the Group. Centering on this task force, the Company will implement short-term measures such as pass-through to product prices and restrictions on sales of Chinese products. However, the Mobility & Telematics Services Sector and the Entertainment Solutions Sector anticipate negative impacts from reductions in production and sales volumes due to these measures and slowdown in the U.S. and Chinese economies.

   On the other hand, the Company expects the Communications Systems Business in Safety & Security Sector with the large proportion of sales to the U.S., to absorb most of the tariff impact anticipated at this point through measures centered on pass-through to product prices.

   As a result of them, we estimate that the negative impact of the U.S. tariff measures on the fiscal year ending March 31, 2026 will be approx. 13,000 million yen in revenue and approx. 5,000 million yen in core operating income at this point.

   Based on the above, the full-year earnings forecasts for the fiscal year ending March 31, 2026 are as follows.

   (Million yen)

   	Consolidated earnings for the fiscal year ended March 31, 2025	Consolidated earnings forecast for the fiscal year ending March 31, 2026	Year-on-year change
   Revenue	370,308	358,000	-12,308
   Core operating income*	25,307	20,000	-5,307
   Operating profit	21,792	19,000	-2,792
   Profit before income taxes	23,490	19,500	-3,990
   Profit attributable to owners of the parent	20,276	14,000	-6,276

   *Core operating income is calculated by deducting cost of sales and selling, general and administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange losses (gains), which are primarily due to one-time factors.

   Reference: Tariff by U.S. as of April 25

   By country	China	145%
   	Mexico	25%	Effective date: March 4, partially delayed
   By product	Vehicle-related	25%	Effective date: April 3 (Scheduled to take effect on May 3 for parts.)
   Global	Reciprocal tariffs (including a uniform 10% tariff)	Japan: 24% Malaysia: 24% Indonesia: 32% Thailand: 36%	Suspension for 90 days (excluding a uniform 10% tariff)

   Policy of profit distribution and dividends for the fiscal year under review and the next fiscal year

   The Company considers the stable return of profits and the securing of management resources for future growth as one of the most important management challenges. We use a total return ratio as an indicator for returning profits to shareholders based on a comprehensive consideration of profitability and financial conditions. In addition to distributing dividends in accordance with business performance, the Company flexibly repurchases its own shares and maintains stable returns to shareholders with a total return ratio of 30 to 40% while balancing the use of capital for medium- to long-term profit growth and the effect of improving capital efficiency.

   For the fiscal year under review (fiscal year ended March 2025), the Company is scheduled to revise a year-end dividend to 10 yen per share from the previous forecast of 8 yen per share based on the profit performance and the above-mentioned dividend policy, resulting in paying an annual dividend of 13-15 yen per share as described in the "Revision of Dividend Forecast" released today.

   For the next fiscal year (fiscal year ending March 2026), the Company will strive to improve the business performance and financial condition and forecasts an annual dividend of 18 yen per share (an interim dividend of 6 yen and a year-end dividend of 12 yen) based on the above policy.

   Status of Dividends

   	Annual dividends (ordinary dividends)
   	1H	Year end	Total
   FYE3/'25 (Scheduled)	5 yen	10 yen	15 yen
   FYE3/'26 (forecast)	6 yen	12 yen	18 yen

2. Basic Policy on the Selection of Accounting Standards

The Group has applied International Financial Reporting Standards ("IFRS") starting from the

consolidated financial statements for the fiscal year ended March 2018, as disclosed in the 10th Annual Securities Report.

2. Consolidated Financial Statements

1. Consolidated Statement of Financial Position

   (Millions of yen)

   	As of March 31, 2024	As of March 31, 2025
   Assets Current assets Cash and cash equivalents Trade and other receivables Contract assets Other financial assets Inventories Right to recover products Income taxes receivable Other current assets Subtotal Assets classified as held for sale Total current assets Non-current assets Property, plant and equipment Goodwill Intangible assets Net defined benefit assets Investment property Investments accounted for using the equity method Other financial assets Deferred tax assets Other non-current assets Total non-current assets Total assets	57,874 67,863 4,748 4,914 62,906 254 924 6,547	48,597 71,738 6,682 2,228 58,498 346 934 6,885
   	206,032	195,912
   	16	913
   	206,049	196,825
   	61,955 2,665 17,969 1,052 4,077 5,880 10,432 6,160 576	62,067 886 22,920 635 3,991 8,044 8,472 8,760 733
   	110,770	116,510
   	316,819	313,336

   (Millions of yen)

   	As of March 31, 2024	As of March 31, 2025
   Liabilities and equity Liabilities Current liabilities Trade and other payables Contract liabilities Refund liabilities Short-term borrowings Other financial liabilities Income taxes payable Provisions Other current liabilities Subtotal Liabilities directly associated with assets classified as held for sale Total current liabilities Non-current liabilities Long-term borrowings Other financial liabilities Net defined benefit liabilities Provisions Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities Equity Capital stock Capital surplus Retained earnings Treasury stock Other components of equity Equity attributable to owners of the parent company Non-controlling interests Total equity Total liabilities and equity	53,430 4,968 4,915 19,194 6,110 1,700 2,303 29,093	50,578 4,285 4,280 26,121 4,449 1,981 2,117 31,471
   	121,717	125,285
   	-	862
   	121,717	126,148
   	38,103 13,380 17,436 1,402 2,663 895	24,253 11,198 15,659 1,316 2,288 1,072
   	73,881	55,789
   	195,598	181,937
   	13,645 42,209 40,004 (7,125) 26,067	13,645 42,357 58,086 (11,589) 22,602
   	114,801	125,103
   	6,418	6,295
   	121,220	131,399
   	316,819	313,336

2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income)

   (Millions of yen)

   	Fiscal year ended March 31, 2024	Fiscal year ended March 31, 2025
   Revenue Cost of sales Gross profit Selling, general and administrative expenses Other income Other expenses Foreign exchange gains (losses) Operating profit Finance income Finance expenses Share of profit (loss) of investments accounted for using the equity method Profit before income taxes Income tax expenses Profit Profit attributable to: Owners of the parent company Non-controlling interests Profit Earnings per share Basic earnings per share Diluted earnings per share	359,459 250,695	370,308 251,367
   	108,763	118,940
   	89,053 4,762 6,158 (88)	93,633 2,229 5,847 102
   	18,226	21,792
   	957 1,485 547	1,170 1,442 1,968
   	18,245	23,490
   	4,353	2,466
   	13,892	21,023
   	13,016 875	20,276 747
   	13,892	21,023
   	84.34 yen 83.84 yen	135.17 yen 134.07 yen

   (Consolidated Statement of Comprehensive Income)

   (Millions of yen)

   	Fiscal year ended March 31, 2024	Fiscal year ended March 31, 2025
   Profit Other comprehensive income ("OCI") Items that will not be reclassified subsequently to profit or loss Financial assets measured at fair value through OCI Remeasurement of defined benefit plans Share of OCI of investments accounted for using the equity method Total of items that will not be reclassified subsequently to profit or loss Items that may be reclassified subsequently to profit or loss Exchange differences arising on translation of foreign operations Cash flow hedges Share of OCI of investments accounted for using the equity method Total of items that may be reclassified subsequently to profit or loss OCI, net of income tax Comprehensive income Total comprehensive income attributable to: Owners of the parent company Non-controlling interests Comprehensive income	13,892	21,023
   	196 135 (10)	(197) 369 -
   	322	172
   	11,103 645 316	(1,462) (1,400) (511)
   	12,065	(3,374)
   	12,388	(3,201)
   	26,280	17,822
   	24,761 1,519	17,180 641
   	26,280	17,822

3. Consolidated Statement of Cash Flows

(Millions of yen)

(Millions of yen)