Capital expenditures, Depreciation and R & D expenses

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(Millions of Yen)

  2023 (IFRS) 2022 (IFRS) 2021 (IFRS) 2020 (IFRS)
Capital expenditures 62,412 54,942 38,759 28,433
Depreciation & Amortization* 59,494 41,883 38,288 37,494
R & D expenses 17,972 16,034 15,297 14,125

*The amounts for depreciation for 2019 onwards are net of the portion allocable to right-of-use assets newly recognized under the accounting standard “IFRS 16 Leases.”