FY2018 Consolidated Financial Results [IFRS](April 1, 2017 through March 31, 2018)
April 27, 2018
This translation may be used only for reference purposes. This English version is a summary of the original Japanese document. In cases where
any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Aisin Seiki Co.,Ltd. shallaccept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.
Company Name AISIN SEIKI Co., Ltd.

Listed on

The Tokyo and Nagoya Stock Exchanges

Code Number

7259

URL

http://www.aisin.com/

Representative

Yasumori Ihara, President

Contact person

Yuji Fukushige, General Manager Finance & Costing Dept

TEL

+81

566

24

8265

Scheduled date of the annual regular general meeting of shareholders: June 19, 2018
The expected date of dividends payment June 20, 2018
Scheduled filing date for reporting on EDINET June 20, 2018
Additional documents to supplement quarterly financial results Yes (Japanese only)
Quarterly IR presentation Yes (For analysts and professional investors)
1.Consolidated Results for FY2018 (Apr. 1, 2017 through Mar. 31, 2018)(Amounts less than million yen are rounded down)(1) Consolidated Financial Results
Percent indications show the percentage of changes against previous Fiscal Year
Revenue
Million Yen
FY2018FY2017

Profit before income
Profit for the period
taxes

Operating profit
Million Yen

3,908,937 9.7
3,562,622 9.8

Million Yen

253,808 11.0
228,691 18.7

Million Yen

268,171 13.0
237,311 22.3

Yen

Yen

FY2018490.22490.09FY2017444.46443.98(Reference) Equity Income FY2018

Diluted earnings per
share

12,204 Million Yen

FY2017

Million Yen

195,346 8.5
180,031 28.5

Ratio of profit for theperiod to equity
attributable toowners of the parent%

Basic earnings per share

Profit for the period
attributableto owners of the parent

Comprehensive
incomefor the period
Million Yen

134,551
126,653

6.2
26.2

Ratio of profit before
income taxes to total
assets

233,495
175,651

32.9

Ratio of operating
profit to revenue

%

%

10.6

7.8

6.5

10.5

7.5

6.4

7,846 Million Yen(2) Consolidated Financial Position
Total Assets

Total equity

Million Yen
3,527,910
3,338,339

FY2018FY2017

Equity attributable
Ratio of equity attributableto owners of the parent
to owners of the parent
per share
Million Yen
Yen
1,310,176
37.1
4,861.68
1,236,385
37.0
4,426.12

Equity attributable toowners of the parent

Million Yen
1,803,129
1,694,864(3) Consolidated Cash Flows
From operating
activities
Million Yen
311,542394,812FY2018FY2017

From investing
activities
Million Yen-229,346-229,109

From financing
activities
Million Yen-73,634-31,617

Cash and cash equivalents
at the end of FY
Million Yen
406,508
394,559

2.Cash Dividends
Ratio of equity

Annual Cash Dividends Per ShareDividends total
1st quarter
Yen
FY2017FY2018FY2019(Forecast)

2nd quarter
Yen
50.00
60.00
60.00

3rd quarterYen

4th quarter

FY Total

Yen
75.00
90.00

Yen
125.00150.0090.00

150.00Million Yen
35,25640,757

Dividends
Payout Ratio

28.1
30.6
30.4

attributable toowners of theparent2.9
3.2

3.Consolidated forecast for FY2019 (Apr. 1, 2018 through Mar. 31, 2019
Percent indications show the percentage of changes against corresponding figures for the previous period
Revenue
FY2019 2nd Half (Total)
FY2019Million Yen
1,950,000
3,980,000

Profit before income
taxesMillion Yen
117,000
0.7
270,000
0.7

Operating profit
5.1
1.8

Million Yen
110,000
255,000

1.8
0.5

Profit attributable toowners of parent
Million Yen
53,000-5.4
133,000-1.2

Earnings per share
Yen
196.67493.52

4.Others(1) Changes in significant subsidiaries Yes
Consolidation scope
Consolidated (New) FENOX VENTURE COMPANY XX,L.P.
EliminatedNone(2) Changes in accounting policies and accounting estimation
Changes in accounting policies required by IFRS None
Other changes

None

Changes in accounting estimation

None(3) Number of outstanding shares(common stocks)
Number of shares issued including treasury stock as of therespective balance sheet date

FY2018294,674,634 shares

FY2017

294,674,634 shares

FY201825,184,075 shares

FY2017

15,336,453 shares

FY2018274,473,074 shares

FY2017284,960,908 shares

Number of treasury stock as of the respective balance
sheet date
Average number of common stocks(Reference) Stand Alone Results for FY2018 (Apr. 1, 2017 through Mar. 31, 2018)(1) Stand Alone Financial Results

FY2018FY2017

Percent indications show the percentage of changes against previous Fiscal year)

Revenue
Million Yen
852,420808,200

5.5-0.7

Earnings per share
Yen
251.90108.22FY2018FY2017

Operating profit
Million Yen
29,794
8,101

267.8
-61.8

Ordinary profit
Million Yen
78,96846,51969.8-22.5

Profit for the period
Million Yen
69,139124.2
30,837-24.4

Diluted earnings per share
Yen
251.83108.10(2) Stand Alone Financial Position
Total Assets
FY2018FY2017

Total Equity as a percentage
of Total Assets

Total Equity

Million Yen
1,606,071
1,509,860(Reference) Total Equity as as a percentage of Total Assets

Million Yen
520,471515,970
FY2018520,471Million Yen

Net worth per share

32.4
34.1

Yen
1,931.32
1,845.47

FY2017 515,510Million Yen

Note The numbers shown on Stand Alone Financial Results are based on Japanese GAAP.
This Financial Report is not subject to audit procedure.
Explanation regarding the appropriate use of forecasts, and other additional information(Note concerning forecast
The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain
assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts. Actual results
may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global market.

5. Consolidated financial statements(1) Consolidated statements of financial position(Million Yen)FY2017(As of Mar. 31, 2017)

FY2018(As of Mar. 31, 2018)

AssetsCurrent assets
Cash and cash equivalents

394,559

406,508

Trade and other receivables

572,189

621,863

Other financial assets

99,42888,575Inventories

276,955

295,787

Other current assets

42,19451,093

Total current assets

1,385,326

1,463,828

1,248,933

1,294,225

Non-current assets
Property, plant and equipment
Intangible assets

43,95140,045Investments accounted for using the equity method

104,528

112,979

Other financial assets

434,351

485,108

Deferred tax assets

101,590

109,646

Other non-current assets

19,65622,075

Total non-current assets

1,953,012

2,064,082

3,338,339

3,527,910

Trade and other payables

801,913796,318

Bonds and loans payable

64,82986,893

Other financial liabilities

37,401

37,381

Provisions

23,791

25,660

Income tax payables

37,40030,774

Other current liabilities

30,66933,083

Total current liabilities

996,005

1,010,112

Bonds and loans payable

393,935

430,650

Other financial liabilities

9,536

9,603

173,955

190,679

Total assets
Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities

Retirement benefit liabilities
Provisions

3,248

3,650

Deferred tax liabilities

57,542

72,206

Other non-current liabilities

9,252

7,879

Total non-current liabilities

647,469

714,669

1,643,474

1,724,781

Capital stock

45,04945,049

Capital surplus

71,822

71,826

Treasury stock-56,983-115,835

Total liabilities
EquityOther components of equity

110,597

147,874Retained earnings

1,065,900

1,161,260

Equity attributable to owners of the parent company

1,236,385

1,310,176

Non-controlling interests
Total equity
Total liabilities and equity

458,478

492,952

1,694,864

1,803,129

3,338,339

3,527,910

(2) Consolidated statements of income / Consolidated statements of comprehensive income(Consolidated statements of income)(Million Yen)FY2017(Apr. 1, 2016 throughMar. 31, 2017)

FY2018(Apr. 1, 2017 throughMar. 31, 2018)

Revenue

3,562,622

3,908,937

Cost of revenue-3,048,541-3,371,980

Gross profit

514,080

536,957

Selling, general and administrative expenses-309,124-289,542

Other income

45,83918,408Other expenses-22,103-12,014

Operating profit

228,691

253,808

Finance income

13,103

14,241

Finance expenses-12,330-12,083

Equity in earnings of affiliates
Profit before income taxes

7,846

12,204

237,311

268,171

Income tax expenses-57,279-72,825

Profit for the period

180,031

195,346

Owners of the parent

126,653

134,551

Non-controlling interests

53,37860,794

Total

180,031

195,346

Basic earnings per share (Yen)444.46490.22

Diluted earnings per share (Yen)443.98490.09Profit for the period attributable to:Earnings per share(Consolidated statements of comprehensive income)(Million Yen)FY2017(Apr. 1, 2016 throughMar. 31, 2017)
Profit for the period

FY2018(Apr. 1, 2017 throughMar. 31, 2018)180,031

195,346

1,810-1,9453,830

35,453

164

31

5,805

33,540-74

181

Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans
Net changes in revaluation of financial assets measured at fair value throughother comprehensive income
Share of other comprehensive income of associates accounted for using theequity method
Total
Items that may be reclassified subsequently to profit or loss
Net changes in revaluation of financial assets measured at fair value throughother comprehensive income
Cash flow hedges
Exchange differences on translating foreign operations
Share of other comprehensive income of associates accounted for using theequity method
Total

835

581

-9,866

4,687-1,080-841-10,185

4,609

Other comprehensive income total-4,38038,149Comprehensive income for the period

175,651

233,495

Owners of the parent

124,887

170,091

Non-controlling interests

50,763

63,404

Total

175,651

233,495

Comprehensive income for the period attributable to:(3 Consolidated statements of changes in equity
FY2017 (Apr. 1, 2016 through Mar. 31, 2017)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2016
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodCapitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04961,862-18,035-

154,823-2,844-36,628

115,349

-

-

-

-

-

-

-

-

-

-

-

1,543

3,819

833

-7,962-1,765

-

-

-

1,543

3,819

833

-7,962-1,765Acquisition of treasury stock---49,086

-

-

-

-

-

Disposal of treasury stock-

10,242

10,137

-

-

-

-

-

-

-359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

-

-

-

-

-

-

-

-

-

-1,543-1,442---2,985Lapse of subscription rights tosharesDividends
Changes in scope of
consolidation
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2017

-

9,959

-38,948-1,543-1,442---2,98545,04971,822-56,983-

157,200-2,011-44,591

110,597

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

964,727

1,168,953

389,515

1,558,468

126,653

126,653

53,378180,031--1,765-2,614-4,380126,653

124,887

50,763

175,651

Acquisition of treasury stock--49,086--49,086

Disposal of treasury stock-

20,3804,340

24,721

-

-359

-

-359

-28,466-28,466-13,164-41,630--

20,275

20,275

-

76

6,746

6,823

2,985

-

-

-

Balance as of April 1, 2016
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodLapse of subscription rights tosharesDividends
Changes in scope of
consolidation
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-25,481-57,455

18,199-39,256

Balance as of Mar. 31, 2017

1,065,900

1,236,385

458,478

1,694,864

FY2018 (Apr. 1, 2017 through Mar. 31, 2018)(Million Yen)
Equity attributable to owners of the parent
Other components of equity

Capitalstock

Balance as of April 1, 2017
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodCapitalsurplus

Net changes inrevaluation of
Remeasurefinancial assets
ments
measured atof defined
fair value
benefitthrough otherplans
comprehensive
incomeTreasury
stock

Cash
flow
hedgesExchangedifferencesontranslationof foreign
operations

Total

45,04971,822-56,983-

157,200-2,011-44,591

110,597

-

-

-

-

-

-

-

-

-

-

-

-1,20035,475582

682

35,540----1,20035,475582

682

35,540Acquisition of treasury stock---59,465

-

-

-

-

-

Disposal of treasury stock

-

-126

613

-

-

-

-

-

-

-339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

470

-

-

-

-

-

-

-

-

-

1,200

536

-

-

1,736

Lapse of subscription rights tosharesDividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners
Balance as of Mar. 31, 2018-4

-58,851

1,200

536

-

-

1,736

45,04971,826-115,835-

193,212-1,429-43,908

147,874

Equity attributable to owners of the parent
Non-controlling interests

Retainedearnings

Total equity

Total

1,065,900

1,236,385

458,478

1,694,864

134,551

134,551

60,794

195,346-

35,5402,609

38,149134,551

170,091

63,404

233,495

Acquisition of treasury stock--59,465--59,465

Disposal of treasury stock

-

487

38

525

-

-339

-

-339

-37,453-37,453-24,389-61,843-

470-4,579-4,108-1,736---

Balance as of April 1, 2017
Profit for the period
Other comprehensive income(loss)
Comprehensive income for theperiodLapse of subscription rights tosharesDividends
Changes in the ownershipinterest in subsidiaries
Transfer from other componentsof equity to retained earnings
Total transactions with owners-39,190-96,301-28,930-125,231

Balance as of Mar. 31, 2018

1,161,260

1,310,176

492,952

1,803,129

(4) Consolidated statements of cash flows(Million Yen)FY2017(Apr. 1, 2016 throughMar. 31, 2017)

FY2018(Apr. 1, 2017 throughMar. 31, 2018)

Net cash provided by (used in) operating activities
Profit before income tax

237,311

268,171

Depreciation and amortization

197,168

213,430

Gain resulting from negative goodwill-19,807

Decrease (increase) in trade and other receivables-40,703-47,194

Decrease (increase) in inventories-20,424-15,939

Increase (decrease) in trade and other payables

79,471-26,007

Other, net

16,687-684

Subtotal

449,702391,776

Interest income received

1,575

2,537

Dividents income received

13,561

14,690Interest expenses paid

-7,127-7,030

Income taxes (paid) refund-62,899-90,431

Net cash provided by (used in) operating activities

394,812311,542

8,736-1,210-263,388-255,245

Net cash provided by (used in) investing activities
Decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

8,941

6,318

Purchase of intangiable assets-18,246-10,004

Purchase of investment securities-11,405-8,194

Proceeds from sales and redemption of investment securities

19,425

20,107

Proceeds from collection of lease recievables

14,46015,837

Expenditure from acquisition of stock in newly consolidated subsidiaries-8,395

Proceeds from acquisition of stock in newly consolidated subsidiaries

17,529Other, net
Net cash provided by (used in) investing activities

3,232

3,045

-229,109-229,346

Net cash provided by (used in) financing activities
Increase (decrease) in short-term bank loans and commercial papers-7,1504,392

Proceeds from long-term loans payable

81,61169,751

Repayment of long-term loans payable-43,965-30,872

Proceeds from issuance of bonds

30,00020,000

Redemption of bonds

-35

-35

Repayment of lease payables-10,029-11,998

Acquisition of treasurely stock-49,086-59,465

Cash dividends paid

-28,474-37,437

Cash dividends paid to non-controlling interests-13,170-24,387

Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

8,682-3,582-31,617-73,634-2,744

3,386

Net increase (decrease) in cash and cash equivalents

131,342

11,949Cash and cash equivalents at beginning of period

263,217394,559

Cash and cash equivalents at end of period

394,559

406,508

(5)Notes to the Consolidated Financial Statements
Going concern assumption
None(Segments information)
1. General information about reportable segments
The reportable segments of the Group are components for which financial information is available and whose operating results are periodicallyreviewed by the Board of Directors to make decisions about allocation of resources and to assess performance.
The Group is composed by the company and its core subsidiaries, and the strategy considering overall domestic and oversea operation for its
sales and service is controlled mainly by AISIN SEIKI Co.,Ltd. and its three core subsidiaries. Therefore reportable segments and its product andservice are as follows.

Segment

Product and service

AISIN Seiki Group

Overall automotive parts and related service, Lifestyle & Energy related products, construction and engineering

AISIN Takaoka Group

Mainly cast-iron parts for engines and brakes

AISIN AW Group

Mainly automatic transmissions and car navigation systems

ADVICS Group

Mainly brake partsand oil sales etc.

2. Revenue and profit by reportable segments
FY2017(Apr. 1, 2016 through Mar. 31, 2017)(Million Yen)
Reportable Segments

Net sales(1) Revenue from third
parties(2) Inter-segment
Total
Segment profits (loss)

Aisin Seiki
Group

Aisin Takaoka
Group

1,353,101

172,060

Aisin AWGroup

Advics Group

1,408,580

517,379

Total

3,451,122

OthersAdjustments

111,499

Total

3,562,622

288,872

101,017

22,52638,086450,50291,561-542,063

1,641,973

273,078

1,431,107

555,466

3,901,625

203,061-542,063

3,562,622

80,593

12,320122,942

6,119

221,975

5,629

1,086

228,691

Finance income

13,103Finance expenses-12,330

Equity in earnings of affiliates

7,846

Profit before income taxes

237,311Note1 Others includes ommited non-core groups that manufactures and sells automotive parts
Note2 Inter-segment revenue are based on transaction price negaotiated each year in consideration of market price and total cost.
Note3 Segment profits are based on Operating profit

FY2018(Apr. 1, 2017 through Mar. 31, 2018)(Million Yen)
Reportable Segments
Aisin SeikiGroup
Net sales(1) Revenue from third
parties(2) Inter-segment
Total
Segment profits (loss)

Aisin Takaoka
Group

Aisin AWGroup

Advics Group

Total

OthersAdjustments

Total

1,472,370

181,750

1,591,233

547,6033,792,959

115,978

303,927

113,970

30,01638,964

486,879

105,551-592,430

3,908,937

1,776,298

295,721

1,621,250

586,568

4,279,838

221,529-592,430

3,908,937

78,031

11,982

141,958

10,127

242,099

12,503-794

253,808

Finance income

14,241

Finance expenses-12,083

Equity in earnings of affiliates

12,204

Profit before income taxes

268,171

Note1 Others includes ommited non-core groups that manufactures and sells automotive parts
Note2 Inter-segment revenue are based on transaction price negaotiated each year in consideration of market price and total cost.
Note3 Segment profits are based on Operating profit

(Amounts per share)
Basic earnings per share and Diluted earnings per share are based on information below.
FY2017(Apr. 1, 2016 throughMar. 31, 2017)

FY2018(Apr. 1, 2017 throughMar. 31, 2018)

Basic standards related to basic earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Profit for the period non-attributable to commonshareholders (Million Yen)
Profit for the period related to Basic earnings per share(Million Yen)
Average number of common stocks (Thousand shares)

126,653

134,551

126,653

134,551

284,960

274,473444.46490.22

126,653

134,551

126,653

134,551

284,960

274,473306

71285,267

274,545443.98490.09Basic earnings per share (Yen)
Basic standards related to diluted earnings per share
Profit for the period attributable to owners of the parent(Million Yen)
Adjustments to Profit for the period (Million Yen)
Profit for the period related to diluted earnings per share(Million Yen)
Average number of common stocks (Thousand shares)
Increase in number of common stocks (share subsciption
rights) (Thousand shares)
Diluted Average number of common stocks (Thousand
shares)Diluted earnings per share (Yen)

Because there is no dilutive effect, potential shares were not included when calculating diluted earnings per share.
Potential shares are shown below.
FY2017(Apr. 1, 2016 throughMar. 31, 2017)
Share subsciption rights shares

FY2018(Apr. 1, 2017 throughMar. 31, 2018)

(Material subsequent events)
1. Establishment of joint venture companies with Chinese automotive companies(1) Reason for establishment.Aisin AW Co., Ltd. (“Aisin AW” below), the subsidiary of Aisin Seiki Co., Ltd., has decided to establish automatic transmission production
companies in China as of 24th April as follows, via joint ventures with the Chinese automobile manufacturers Guangzhou Automobile Group
Motor Co., Ltd. (“GAC Motor” below), and Zhejiang Geely Holding Group Co. Ltd. subsidiary Zhejiang Geely Luoyou Engine Co., Ltd. (“Geely
Automobile” below), respectively.
Aisin AW established a joint venture company with China FAW Group Co., Ltd., and has produced automatic transmission(“AT”below) in China
from 2004. The two newly established companies plan to produce ‘FWD 6-speed AT’. The production capacity is 400,000 units per year.
The new joint venture companies contribute to build long term relationships with GAT Motor and Geely Automobile, and will enhance thecompetitiveness of powertrain products in China.

(2) Reason for establishment
1. Overview of joint venture with Guangzhou Automobile Group
Location

Guangzhou Province, China

Date of establishment

2018

Capital117 Million USD
Aisin AW Co., Ltd

60

Guangzhou Automobile Group 40
Main Business

Production and Sale of FWD6-Speed Automatic Transmission

Capability

400,000 Units per year

Start of Production

2020

2. Overview of joint venture with Geely Auto Group
Location

Zhejiang Province, China

Date of establishment

2018

Capital117 Million USD
Aisin AW Co., Ltd

60

Geely Auto Group40

Main Business

Production and Sale of FWD6-Speed Automatic Transmission

Capability

400,000 Units per year

Start of Production

2020