recorded in order to more accurately reflect the value of financial assets. -3- Summary of Operation for Q4-2022 Outstanding by Quarter Change Topic Q4 – 22 Q3 – 22 Q4 – 21 Q4 – 22 VS Q3 – 22 Q4 – 22 VS Q4
) Price adjustment of Portugal operation started to reflect since Q3 2022 onward 3) New model launch and adding of new brands to our dealership portfolio. Selling and administrative expenses decreased by
, new model, new product and continued order from overseas customer of auto parts manufacturing business in Thailand. 2) Price adjustment of Portugal operation started to reflect since Q3 2022 onward 3
, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future
” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with respect to future events and
change in net asset value (NAV). The returns do not reflect broker sales charges or commissions. NAV is total assets less total liabilities divided by the number of shares outstanding. This material is
contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with
future events, which are, by their nature, subject to significant risks and uncertainties. These forward-looking statements reflect our current views with respect to future events and are not a guarantee
and uncertainties. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from