Summary consolidated balance sheet - IFRS

*1：Financial data from 2018 through 2022 has been audited and certified by CPAs.

Summary consolidated statement of comprehensive income - IFRS

Financial analysis - IFRS (consolidated)

1. Financial structure

(1) Debt ratio＝Total liabilities／Total assets

(2) Ratio of long-term capital to property, plant, and equipment＝（Total equity＋Non-current liabilities）／ Net property, plant, and equipment

2. Solvency

(1) Current ratio＝Current assets／Current liabilities

(2) Quick ratio＝（Current assets－Inventory－Prepayments）／Current liabilities

(3) Time interest earned ratio＝Net profit before interest and tax／Interest expenses for the current period

3. Operating performance

(1) Account receivables turnover (including accounts receivable and notes receivable from business activities)＝ Net sales／Average receivables balance(including accounts receivable and notes receivable from business activities)

(2) Average cash collection days＝365／Receivables turnover

(3) Inventory turnover＝Cost of goods sold／Average inventory

(4) Average days of sales＝365／Inventory turnover

(5) Account payables turnover (including accounts payable and notes payable for business activities)＝ Cost of goods sold／Average payables balance(including accounts payable and notes payable for business activities)

(6) Average payment days＝365／Account payables turnover

(7) Property, plant and equipment turnover＝Net sales／Average net property, plant and equipment

(8) Total assets turnover＝Net sales／Average total assets

4. Profitability

(1) Return on assets＝〔Net income＋Interest expenses×（１－tax rate）〕／ Average asset balance

(2) Return on equity＝Net income／Average net shareholders' equity

(3) Net profit margin＝Net income／Net sales

(4) Earnings per share＝（Net income－Preferred share dividends）／Weighted average outstanding shares

5. Cash flow

(1) Cash flow ratio＝Net cash flow from operating activities／Current liabilities

(2) Cash flow adequacy ratio＝Net cash flow from operating activities for the previous 5 years／(Capital expenditure＋Increase in inventory + Cash dividends) for the previous 5 years

(3) Cash reinvestment ratio＝(Net cash flow from operating activities－Cash dividends)／(Gross property, plant, and equipment＋Long-term investments＋Other non-current assets＋Working capital)

6. Leverage

(1) Operating leverage＝(Net operating revenues－Variable operating costs and expenses) ／ Operating profit

(2) Financial leverage＝Operating profit ／ (Operating profit－Interest expense)