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Investor Presentaiton

FY2024 Financial Estimates FY2024 (Estimate) (Billion yen) FY2023 (Actual) H1 H2 Full Year Full Year YoY Change Net sales 2,209.0 790.0 910.0 1,700.0 -23.0% Gross profit 984.4 333.0 408.0 741.0 -24.7% Gross profit margin 44.6% 42.2% 44.8% 43.6% -1.0pts SG&A expenses 366.6 172.0 176.0 348.0 -5.1% R&D 191.1 95.0 105.0 200.0 +4.7% Other than R&D 175.4 77.0 71.0 148.0 -15.7% Operating income 617.7 161.0 232.0 393.0 -36.4% Operating margin 28.0% 20.4% 25.5% 23.1% -4.9pts Income before income 624.8 162.0 233.0 395.0 -36.8% taxes Net income attributable 471.5 120.0 180.0 300.0 -36.4% to owners of parent 1,007.82 256.21 Net income per share (Yen) The Company implemented a 3-for-1 common stock split on April 1, 2023. Net incomes per share are calculated on the assumption that stock split was implemented at the beginning of FY2023. 640.53 -367.29 Forecasting a record high ¥200B in R&D expenses despite a 5% YoY decrease in SG&A expenses overall TEL. 19 CORP IR / May 11, 2023
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