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Cash Flow for FY2019 FY2019 FY2018 (Billion yen) Difference Operating CF 95.6 75.2 20.4 Investing CF* (88.6) (67.6) (21.0) Free CF* 7.0 7.6 (0.6) M&A 0 (119.8) 119.8 EPS (¥5.66) ¥96.05 (\101.71) BPS ¥1,527.79 ¥1,592.96 (\65.17) CAPEX(Decision basis) 51.4 146.0 (94.6) CAPEX(Acceptance basis) 97.4 66.8 30.6 Depreciation and Amortization 58.2 56.7 1.5 (incl. amortization of goodwill) R&D Expenses 21.2 21.2 0 * Cash flows from investing activities and free cash flow exclude net cash used in fund management and M&A. kuraray 16

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