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CAPEX, Depreciation and R&D Expenditures

Yen(billion)

  FY18 FY19 FY20 FY21
Capital expenditures*1 433.8 426.5 375.6 321.2
Capital expenditures as a percentage of sales revenue 2.8% 2.7% 2.5% 2.4%
Depreciation and amortization*1 467.3 450.3 396.9 365.8
Depreciation as a percentage of sales revenue 3.0% 2.8% 2.7% 2.8%
R&D expenditures*2 730.7 820.0 821.4 780.0
R&D expenditures as a percentage of sales revenue 4.8% 5.2% 5.5% 5.9%

*1  Capital expenditures as well as Depreciation in results aforementioned exclude investment in operating leases, finance leases and intangible assets.
From FY20 Capital expenditures as well as Depreciation in results aforementioned exclude investment in operating leases, right-of-use assets, and intangible assets.

*2  Research and development expenditures are research and development activity related costs incurred during the reporting period. In accordance with IFRS, a portion of research and development expenditures is recognized as an intangible asset and amortized over its estimated useful life. As such, this amount is not in conformity with "Research and development" on our Consolidated Statements of Income.

Capital Expenditures

Capital Expenditures/Capital expenditures as a percentage of sales revenue

Depreciation

Depreciation/Depreciation as a percentage of sales revenue

Research and Development Expenditures

R&D expenditures/R&D expenditures as a rercentage of sales revenue

(Excel data) CAPEX, Depreciation and R&D Expenditures