Financial Results Highlights

FY12/2022

February 13, 2023

Roland Corporation

TSE Prime : 7944

JC-120 JAZZ CHORUS

Roland 50th Anniversary Limited Edition

<_note3a_ changes="" in="" the="" accounting="" standard="">
  • Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, revised on March 31, 2020, effective from April 1, 2021) is newly applied to our sales and operating profit from FY2022
  • Accordingly, YoY changes for FY2022 (new standard) vs. FY2021 (old standard) are not presented
  • For Roland, Sales discount (~1% of sales) will be changed from "non-operating expenses" to "sales deductions"
  • As a result, Sales, Operating Profit, and OPM look lower than they were with the old standard, but there will be no impact on cash flow and net income
  • For your reference, YoY changes for FY2022 (old standard) vs. FY2021 (old standard) are presented

2

Executive Summary

  • FY12/2022
    ・Agile Response to Unexpected Environmental Changes in Europe and China ・Sales and Profits Increased YOY excluding the Accounting Change Impact
    ・Drum Workshop (DW) is Consolidated from Q4
  • FY12/2023 Forecast
    ・Plan to Increase Sales and Profits YOY from the Previous Year
    ・Through COVID-19, We Reaffirmed the Size of TAM of Music Creation
    ・Uncertainty remains but Growth will Continue via Demand Creation and Market Share Expansion
  • Shareholder return
    ・For FY12/2023, Plan to Pay a Cash Dividend (increased YOY) in line with Our Basic Policy

3

  1. FY12/2022 Results
  2. FY12/2023 Forecast
    3 Shareholder return
  1. Supplemental Information

4

  1. FY12/2022 Results
  2. FY12/2023 Forecast
    3 Shareholder return

4 Supplemental Information

5

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Roland Corporation published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 06:15:02 UTC.