Q3 Results for the Fiscal Year Ending March 31, 2023 (IFRS) LIXIL Corporation

Profitability improved in Q3 due to price optimization.

Steady progress has been made on price optimization(1) in Japan in Oct and Nov 2022.
Continued improvement in profitability is expected through Q4 onwards. Another round
of price optimization(2) is scheduled for April 2023.

Price increases by small- to midsized suppliers, potential business
closures that would affect supply.

Possible surge in global commodity
prices as China economy recovers.

Revenue increased due to price optimization and
high renovation demand to make homes more
efficient and enhance people’s lifestyle.