Capital expenditures, Depreciation and R & D expenses

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(Millions of Yen)

  2022 (IFRS) 2021 (IFRS) 2020 (IFRS) 2019 (IFRS)
Capital expenditures 54,942 38,759 28,433 51,339
Depreciation & Amortization* 41,883 38,288 37,494 36,027
R & D expenses 16,034 15,297 14,125 15,026

*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.”