Roland : Reference, FY2022

							February 13, 2023
							Roland Corporation
	[Reference] Overview of Consolidated Financial Results for the FY2022
							(Millions of yen)
			Results			Forecast
			FY2022(*3)	Before application of
		FY2021	"Accounting Standard for	FY2023
		(Previous Year)	(Current Year)	Revenue Recognition"
					FY2022
Net Sales		80,032	95,840	―	96,794	[+20.9%]	105,600	[+10.2%]
	Domestic Sales	9,666	9,736	―	9,736	[+0.7%]	10,100	[+3.7%]
Overseas Sales	70,366	86,104	―	87,057	[+23.7%]	95,500	[+10.9%]
Operating Profit		11,093	10,751	―	11,704	[+5.5%]	12,400	[+15.3%]
＜Operating Profit Ratio＞	＜13.9 %＞	＜11.2 %＞		＜12.1 %＞		＜11.7 %＞
Ordinary Profit		10,102	10,250	[+1.5%]	―		12,400	[+21.0%]
＜Ordinary Profit Ratio＞	＜12.6 %＞	＜10.7 %＞			＜11.7 %＞
Net profit(*1)		8,586	8,938	[+4.1%]	―		9,300	[+4.0%]
＜Net Profit Ratio＞	＜10.7 %＞	＜9.3 %＞			＜8.8 %＞
EBITDA		12,706	12,826		13,779	[+8.4%]	15,060	[+17.4%]
＜EBITDA Margin＞	＜15.9 %＞	＜13.4 %＞		＜14.2 %＞		＜14.3 %＞
Currency Rate
(Exchange Rate)	US$	109.81 yen	131.44 yen		―		130.00 yen
	EUR	129.93 yen	138.10 yen				140.00 yen
Excluding FX impact(*2)
	Net Sales	―	―		86,541	[+8.1%]	―
	Operating Profit				11,549	[+4.1%]
ROE		35.6%	28.9%				26.0 %
Basic Earnings Per Share	312.73 yen	326.98 yen				340.73 yen
R&D Expenses		4,145	4,196	[+1.2%]	―		5,249	[+25.1%]
Capital Expenditures	1,329	2,678	[+101.4%]		1,333	[-50.2%]
Includes a renewal of existing	―	1,289				―
lease
Depreciation Expenses	1,612	2,075	[+28.7%]			2,660	[+28.2%]
Cash Flows
Operating Activities	4,929	793
Investing Activities	-803	-11,351		―		―
Financing Activities	-6,071	12,879
Cash and Cash Equivalents at	8,781	10,506
	end of period
Sales by product
	Keyboards					[+21.6%]		[+4.5%]
	24,792	29,869	―	30,154	31,200
Percussion & Wind	19,053	23,046	―	23,238	[+22.0%]	30,800	[+33.6%]
	Instruments
Guitar-related Products	19,093	23,540	―	23,810	[+24.7%]	23,900	[+1.5%]
Creation-related Products &	10,122	12,206	―	12,344	[+21.9%]	12,600	[+3.2%]
	Services
Video & Pro Audio	4,282	4,357	―	4,401	[+2.8%]	4,400	[+1.0%]
	Other	2,689	2,819	―	2,844	[+5.8%]	2,700	[-4.2%]
Sales by region
	Japan					[+0.7%]		[+3.7%]
	9,666	9,736	―	9,736	10,100
	North America	25,959	34,904	―	35,449	[+36.6%]	40,400	[+15.7%]
	Europe	24,958	26,439	―	26,795	[+7.4%]	28,100	[+6.3%]
	China	8,673	9,641	―	9,641	[+11.2%]	10,500	[+8.9%]
	Other	10,775	15,118	―	15,170	[+40.8%]	16,500	[+9.1%]

[Percentage in square bracket indicates year-on-year change and is rounded to one decimal place.] (*1) "Net Profit" above refers to "Profit attributable to owners of parent"

(*2) "Excluding FX impact" are the results recalculated by the exchange rates applied to the previous fiscal year.

(*3)The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) has been applied from the beginning of the fiscal year ended December 31, 2022. Net sales and Operating profit of the previous fiscal year do not reflect this standard. Accordingly, year-on-year changes for net sales and operating profit against the previous fiscal year are not presented.

Consolidated financial forecasts are subject to decisions and suppositions based on the latest information available at the timing of releasing this material. Accordingly, actual consolidated results may differ from the forecasts due to various factors.