PitchSend

Investor Presentaiton

Cash Flow for 1H FY2019 (Billion yen) 1H FY2019 1H FY2018 Difference Operating CF 37.4 30.8 6.6 Investing CF* (40.9) (31.3) (9.6) Free CF* (3.5) (0.5) (3.0) M&A 0.0 (119.8) 119.8 CAPEX(Acceptance basis) 44.8 27.5 17.3 Depreciation and Amortization(incl.amor tization of goodwill) R&D Expenses 28.4 27.3 1.1 10.6 10.3 0.3 *Cash flows from investing activities and free cash flow exclude net cash used in fund management and M&A. Note: Because the temporary accounting treatment for the business combination with Calgon Carbon Corporation was determined at the end of fiscal 2018, the effect of said determination has been applied to the figures for the corresponding period of the previous fiscal year. kuraray 12

View entire presentation